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the_ceebs
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One thing I just don't get is why Americans Seem to classify Michael Moore as being of the 'Far Left'. Does he advocate public ownership of the means of production? To most Europeans he appears to be at most a centerist, Having seen real leftists I just don't get it.
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the_ceebs
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quote: Originally posted by Whoha
Well if hes a centerist to Europeans then hes an outright commie here. |
OK I'll bite, so in what way is he a communist?
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MichaeltheGreat
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Apolyton Grand Executioner
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mooning the house that Ruth built.
Oct 1999 time: 21:36
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quote: Originally posted by chegitz guevara
Interestingly, they are not so rich that they can afford to turn off the pipelines very long, especially if their foreign wealth was inaccessible. I am under the impression that we could wait out a Saudi oil embargo with our strategic reserve. As well, other countries would very likely increase their oil production to take advantage of opening in the market.
It would be a little rough, but I think we could break them.
I could also be completely FoS. 
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The latter. The Saudis could hang in for years - they wouldn't be able to spend as profligately as they do, but they have a lot of hard assets, and black markets work very well in that area of the world.
The capacity of the SPR is 700 million barrels. That's less then 8 months of Saudi peak production, and that's the good news. Now for the bad news: We're not at full capacity, IIRC, we're about 90% full. We also can't get it all out - that's just the reality of deep well pumping. Once the pressure drops below a certain level, you can't extract it. So let's assume another 10-20% or so. When you get low, the pumping efficiency goes to hell in a bucket, so it takes you a lot more energy to extract a lot lower flow, so in time, your daily production declines, even when you have remaining extractible oil. We also can't pump it out as fast as we can pump it in, and then there's the whole problem of pipeline capacity, so we won't have the ability to restore the global supply/demand balance.
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We could also support the independence of Al Hasa and the Hedjaz. Without their oil producing coast and the birthplace of Islam, the Saudis are nothing. |
Do we really do such a good job of picking reliable proxies in the region that you want to see us have another go at it? 
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