Saudi Arabia Plans Political Revolution

[Florian 20,017]

7 minutes ago, Sudarshana said:

Wow, amazing if it happens. Did we see a lot of monarchs who restricted their power by their own will?

Elizabeth II is the first name that comes to my mind 

[Economy 53,162]

14 hours ago, Shipper said:

 

I googled a bit about this since I really didn't know WHY oil prices are so low. (Not the best on current events or whats happening beyond my box). I guess there were just a lot in reserve and the demand became lower.

Another thing I read, though this is more of a conspiracy theory is that it is a ploy of the US and Saudi Arabia to economically hurt Russia and Iran. http://www.nytimes.com/interactive/2016/business/energy-environment/oil-prices.html Just a stupid conspiracy theory though.

I hope your trip to NY still happens somehow. It might cost more but maybe it's the perfect time to do a roadtrip  through the US? I dunno gas is cheap make the best of it at least while you are on vacation.

That conspiracy theory makes no sense

 

All OPEC has done is not cut production to lift prices because the revolution in unconventional reserves means cutting production would simply make them loose market share

 

Most production increases came from US shale. 

 

The oil industry in the US is a peivate one. Its made up of dozens of companies. It would therefore be nearly impossible for the US to control production up or down just like that on some accord

 

conspiracy theories come up all the time but half of them arent really realistic

 

as for road trip. Hotels and food would be main cost not the drive. So the exchbage matters more for us than fuel price

[Economy 53,162]

43 minutes ago, Florian said:

The swift shift is not due to pollution. China is just too industrialized, the country can produce more than people are asking (and it's a first time in History). So if China doesn't want to see its growth plummet, it has to make this swift shift.

Im not a noob. I know perfectly well that once a Nation reaches a certain stage, growth based soley on exports and manufacturing is no longer possible. Consumption must rise. China has reached that point

 

But they have been under a lot of pressure from their own citizens to take measures to reduce pollution because its become a critical issue in parts of the Nation and a faster conversion to service based industry was part of that. A faster pace of rises in minimum wage was done to speed up this process

 

Also if they did not care about pollution they wouldnt be investing in solar and wind so heavily right now. China is estimated to have by far the largest Shale Gas reserves in the world. They could just build more fossil plants if they wanted to yet they wanna increase role of renewables

[Sudarshana 581]

10 minutes ago, Florian said:

Elizabeth II is the first name that comes to my mind 

Well, England came a very long way of restricting its monarchy and it has its parliament since 1265!

I mean monarchs who had an absolute power and decided to give it away by their own will. Most were forced by revolts, revolutions and civil wars: even John of England was forced to seal Magna Carta by barons.

[Economy 53,162]

1 hour ago, Luc said:

I support privatizing most things as long as it means higher efficiency (and ofcourse things like police, jails, healthcare and education should always remain public).

Oh ok yeah. I agree

 

companies should be private. Basic services should be public

 

thats how i view it also

[Florian 20,017]

2 minutes ago, Economy said:

Im not a noob. I know perfectly well that once a Nation reaches a certain stage, growth based soley on exports and manufacturing is no longer possible. Consumption must rise. China has reached that point

 

But they have been under a lot of pressure from their own citizens to take measures to reduce pollution because its become a critical issue in parts of the Nation and a faster conversion to service based industry was part of that. A faster pace of rises in minimum wage was done to speed up this process

 

Also if they did not care about pollution they wouldnt be investing in solar and wind so heavily right now. China is estimated to have by far the largest Shale Gas reserves in the world. They could just build more fossil plants if they wanted to yet they wanna increase role of renewables

I said nothing about the environmental issue by itself and I kinda agree. I just stated that the transformation into a service economy is not really linked to environmental issue but financial health.

[Economy 53,162]

3 hours ago, Twisted Shadows said:

Interesting notion, but the Saudi Arabia stated recently that they are not crashing the oil market to hurt Iran: http://money.cnn.com/2016/01/19/investing/saudi-arabia-oil-prices-iran/

It seemed more plausible that the oil price crash was an effort to hurt their competitors in the U.S., Canada, and other non-OPEC energy industries which it has been. Not sure how the oil sand companies that created a boom in recent years are handling the prices.  Prices usually go down when supply is higher than demand, which is unusual for resources like oil, the backbone of America's petrodollar, whose demand is nearly always high. However, how deep are those Arabian reserves and with plans on the table for Saudi Arabia politically revolutionize with a growing uncertainty in oil, is that a sign we're getting close or passing oil's peak in reserves?

 

Yes. North America contributed the most to the recent glut

 

Almost all rise in global production the last 4-5 has all come from Canada and USA.

 

Since Canada and the US oil industry is made up of private companies, it would be next to impossible for a conspiracy like that because we cannot easily control private companies production, and if we tried it and by some miracle got everyone on boars, it would be super hard to keep it quiet as it would involve hundreds of companies and someone would leak it. Not to mention Corporations care about progits not external politics.

 

so this conspiracy theory isnt realistic

 

As for how low oil prices will affect the industry it depends if your talking about the US or Canada. In the US price changes (up or down) affect the industey almost imediately. Canada on the other hand run on the list longest cycles in the world, short term price volatility doesnt greatly influence oil sand development positively or negatively. But if the price change remains for prolonged periods of time, you see impact on production within 5-10 years

[Florian 20,017]

6 minutes ago, Sudarshana said:

Well, England came a very long way of restricting its monarchy and it has its parliament since 1265!

I mean monarchs who had an absolute power and decided to give it away by their own will. Most were forced by revolts, revolutions and civil wars: even John of England was forced to seal Magna Carta by barons.

Legally, the Monarch can do what he wants, the Parliament could be useless if the sovereign decides so.

[Sudarshana 581]

Just now, Florian said:

Legally, the Monarch can do what he wants, the Parliament could be useless if the sovereign decides so.

That's not exactly the case if you're talking about the UK: “prerogative powers could not be used to contradict a statutory provision, and [...] in situations to which the power and the statute both applied, the power could only be used to further the aim of the statute.”

https://en.wikipedia.org/wiki/Royal_prerogative_in_the_United_Kingdom#Limitations

Plus, they don't even have an elected parliament in Saudi Arabia: they have a Consultative Assembly, which is appointed by the king.

[Luc 4,776]

2 hours ago, Sudarshana said:

Well, England came a very long way of restricting its monarchy and it has its parliament since 1265!

I mean monarchs who had an absolute power and decided to give it away by their own will. Most were forced by revolts, revolutions and civil wars: even John of England was forced to seal Magna Carta by barons.

Willem II of the Netherlands was forced to introduce a consitution by journalists who knew of his bisexuality, or at least some (reliable) sources say so.

[Sudarshana 581]

3 minutes ago, Luc said:

Willem II of the Netherlands was forced to introduce a consitution by journalists who knew of his bisexuality, or at least some (reliable) sources say so.

What amazing journalists. Instead of asking money...

In Russia Alexander II wanted to introduce a constitution himself, but was assassinated by revolutionists. 

[Economy 53,162]

2 hours ago, Sudarshana said:

What amazing journalists. Instead of asking money...

In Russia Alexander II wanted to introduce a constitution himself, but was assassinated by revolutionists. 

Wouldnt that make him the revolutionist then???

[Sudarshana 581]

Just now, Economy said:

Wouldnt that make him the revolutionist then???

I don't really know if it would lead to some revolutionary changes. A constitution together with the parliament was introduced later after the revolution of 1905, but didn't really improve the situation or change anything, because the tsar neglected them and was reluctant to do further reforms. So, sadly the empire ended in 1917 with two more revolutions after people could not longer tolerate the regime.

[Economy 53,162]

11 minutes ago, Sudarshana said:

I don't really know if it would lead to some revolutionary changes. A constitution together with the parliament was introduced later after the revolution of 1905, but didn't really improve the situation or change anything, because the tsar neglected them and was reluctant to do further reforms. So, sadly the empire ended in 1917 with two more revolutions after people could not longer tolerate the regime.

No i meant the fact that u said he had plans but was stopped

 

how would the people who tried to stop change be the revolutionists?

 

wouldnt he be the revolutionist (at least by intent) and the others the conservatives?

[Sudarshana 581]

5 minutes ago, Economy said:

No i meant the fact that u said he had plans but was stopped

 

how would the people who tried to stop change be the revolutionists?

Oh, I didn't understand you. No, he was murdered not by conservatives, but by terrorists from the left-wing organization Narodnaya Volya (“The People's Will”), who wanted universal suffrage (in a country where 90% of people couldn't write or read!), freedom of speech and so on right now.