Iran has discovered an oil field with an estimated 53B barrels of crude | Hacker News Reader

Iran has discovered an oil field with an estimated 53B barrels of crude

cnn.com

25 pointsNoRagrets29 comments

We are living in a simulation of a game of Risk.

Who can decently rejoice at such a new?

That's how many more tons of CO2 in the atmosphere? As far as I understand, it means pic oil farther away and lower prices that will affect competitiveness of renewable.

This is from November 2019.

Whenever you hear about military tensions, retrace the news in that region and you will find newly discovered oil fields or pipeline plans.

Any data or sources to back this up?

See Timber Sycamore

https://www.globalresearch.ca/we-re-going-to-take-out-7-coun...

https://www.voanews.com/africa/somalia-readies-oil-explorati...

https://www.mintpressnews.com/migrant-crisis-syria-war-fuele...

https://latimesblogs.latimes.com/babylonbeyond/2010/08/egypt...

https://www.ft.com/content/cf31acce-969d-11df-9caa-00144feab...

Trump's take on Syrian oil seems quite pertinent:

https://www.theguardian.com/us-news/2019/nov/08/secure-the-o...

I can't wait for us to attack Mexico.

Either my sarcasm was unappreciated or the point wasn't taken.

I think the idea is that comments on this site are meant to be more thoughtful than witty quips, generally speaking.

Won't happen. We wouldn't be able to handle the refugee crisis.. we can't handle it now. Venezuela would be better.

Suggesting that it's a bluff to appease and/or intimidate?

Amidst the disruption of war, a lot can be accomplished without scrutiny.

Tensions involving the US? Because the combination of the US and Canada has been self-sufficient in petroleum for a few years now: i.e., the US need go no further than Canada to get all the oil it needs. The US would be self-sufficient now if the Saudis hadn't lowered their prices about 6 years ago in an explicit attempt to discourage US production; as it is, US self-sufficiency will take a few more years.

Now that the US has the technical means to extract "tight oil" just the state of Texas has enough extractible oil to last the US 100 years, I saw one expert say recently.

(Of course, burning all that oil would cause horrible climate change, but that is true of the Iranian oil, too.)

It's not about physical self-sufficiency but about money. It's about who gets to pump and sell that oil and where the profits go.

Furthermore it's about not using up the US reserves, so that when the rest of the world runs out the US will still have plenty on it's own soil.

Have a look into why the Alaska pipeline runs that lowest possible capacity.

I have long suspected that the USA deliberately held back its own oil production to maintain a strategic reserve. This policy seems to be ending though as evidenced by today's high domestic production.

The 1973 OPEC oil embargo would beg to differ.

It's not for the benefit of the US

Assuming this is true, can you show me the benefit of a past military campaign against an oil-rich power? Iraq would be my preference, but I’m open to whatever example you have at hand.

It's not a matter of state. It's a market like any other. Think how common usurpation is in the financial sector -- LIBOR scandal, Bank of England audio leaks, Flash Trading Arbitrage, Goldman Sachs's ABACUS scam. Then, apply the same tactics to energy.

Could you be a bit more specific here? I can't tell how what you're saying has any relevance to the Iraq war.

You mean the Iran flare up?

Modern wars are not political, they are theatre to distract from the real goal, pillaging by the crony capitalists.

Just look at how many times they've tried to trick Trump into war. 1) The White Helmets faked a chlorine bomb in Duoma, then 2) CNN faked a Venezuelan military revolt, 3) also framed Molotov cocktail attacks, and 4) the Hawaiian nuke warning was faked. And now, 5) Iranian terrorists just waltz through security and set off an explosion at a US embassy.

If you want to talk about Iraq, then you'll have to go ALL the way back and look up Building 7.

No, I meant the Iraq war, per LyndsySimon's question.

But you telling me to look up Building 7 told me all I needed to know about where you're coming from.

Gulf War I was bankrolled by the Saudis which helped pull the US out of a recession / stagnation / the 80s.

Is that the cause of tensions between India and China or India and Pakistan of China and Indonesia?

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