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Oil Producers Could See "Regime Change": Bloomberg

Tyler Durden's picture




 

As we’ve noted previously, the US-Saudi joint effort to force the Kremlin into cutting Assad loose (the end goal of course being to install a government that will acquiesce to mainlining Qatari natural gas through Syria straight into Europe thus breaking Gazprom’s stranglehold), has resulted in a bit of collateral damage for the world’s less geopolitically important oil producing countries (take Venezuela for instance, where collapsing crude prices have exacerbated an already abysmal scenario, leading to, among other tragic outcomes, a shortage of soap and condoms). 

Bloomberg suggests that the destabilization of already fragile political and economic situations could lead, in short order, to “regime change” across oil producers:

The large petrostates are varying degrees away from the Weberian ideal of the rule of law. That could spell trouble. Low oil prices threaten the ability of these inefficient, sometimes corrupt states to service their debts and may curtail the government spending that keeps the masses content. This may in turn ignite demands for a fairer distribution of these dwindling oil proceeds and, possibly, regime change.

From Bloomberg, utilizing Worldwide Governance Indicators’ measures of corruption and rule of law:

 

…and an update on oil producers’ currencies since peak oil…

… and default risks… 

 

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Sat, 03/07/2015 - 22:53 | 5866010 Self-enslavement
Self-enslavement's picture

Criminals.

Practically every single "government" in the world is infected with parasites, counterfeiting cash for themselves while taxing us to death.

Such nice folks.

I hope Putin bombs Israel.

Sat, 03/07/2015 - 23:03 | 5866047 FireBrander
FireBrander's picture

The world is infected with "people"...billions of them...that, for the most part, voted in their parasitic government...parasites led by parasites...it's the natural order of things.

Sat, 03/07/2015 - 23:08 | 5866060 Global Douche
Global Douche's picture

The bank$ter$ see exactly that, but they would rather we either be their debt slaves or be eliminated. These upper-scum should instead open the window, enjoy the view, then JUMP!

Sat, 03/07/2015 - 23:11 | 5866067 y3maxx
y3maxx's picture

...Let's start with the corrupt Govt's of USSA, Saudi Arabia, Qatar, UK, and Israel.

Sat, 03/07/2015 - 23:16 | 5866078 mvsjcl
mvsjcl's picture

Collateral damage implies that it's unintended. I doubt that anything that these parasitical psychopaths do is unintended.

Sun, 03/08/2015 - 04:02 | 5866416 Oracle 911
Oracle 911's picture

Rule of law in USA/Vichy DC. LOL

More like rule of money.

Sun, 03/08/2015 - 09:03 | 5866624 kaiserhoff
kaiserhoff's picture

(cough) Russia (cough)

Sun, 03/08/2015 - 09:15 | 5866642 new game
new game's picture

using fiat to control resouce price. resouces via supply and demand, unfettered by zirp, would have stabil markets. but fucking powers above the law are gaming the system and fucking over enough people and governments, legimate or not, that there should REVOLT. but, no, WHAT WE GET is a passive sheeple, going along with the powers to be agenda. I WILL NOT CONFORM...

Sun, 03/08/2015 - 09:30 | 5866661 BandGap
BandGap's picture

Why don't you crank it up and we'll follow?

Sat, 03/07/2015 - 23:44 | 5866132 mvsjcl
mvsjcl's picture

Dup.

Sun, 03/08/2015 - 01:02 | 5866249 Pava
Pava's picture

I hope Putin bombs YOU

Sun, 03/08/2015 - 10:16 | 5866742 sam i am
sam i am's picture

 

Records of torture of POWs and civilians in Ukraine (in its Eastern and Sothern parts) by NATO European occupational forces are beyond contempt. Ukro-fascists rip people's intestines out with barbwire;  shoot children as terrorists, flatten alive people with tanks. Here is the report of the Russia's Red Cross.

http://expert.ru/russian_reporter/2015/07/peremirie-bezprimireniya/?1

Sat, 03/07/2015 - 22:49 | 5866012 Future Jim
Future Jim's picture

Cheaper oil is good. Imagine if water were several dollars per gallon. Would that be good for the economy? What if air were several dollars per gallon?

Sat, 03/07/2015 - 22:59 | 5866021 FireBrander
FireBrander's picture

cheaper oil is good...but oil that is ARTIFICIALLY inflated to insane fucking prices...where everyone is all in for the mega fucken profits to be made...using cheap fucking money pumped in by those fucking bankers...only to HAVE THIER NUTS CUTS OFF all in an instant, bankrupting them by sending the price plumeting..CAUSING GLOBAL PAIN which is POURING MORE FUCKEN FUEL ON THE GLOBAL SHIFT TO WAR.

 

No sir, that LOWER OIL PRICES IS NOT A GOOD THING>>>>NO FUCKEN WAY!

PS...Yeah! I do have a HARD FUCKEN TIME typing a sentence without using the word FUCKEN...

 

Sat, 03/07/2015 - 23:10 | 5866065 FireBrander
FireBrander's picture

Rightwingnutjob Clown Car Rolls On:

1. Obama Challange before the Supreme Court will remove subsidies for ~8 million folks, raise rates for everyong else, bankrupt a few insurance companies...all Fucken hell will break lose.

2. 64% of the public says that IF the Supreme Court takes the subidies away, Congress should AMEND OBAMACARE to restore the subsidies!

3. It gets worse for the Rightwingnutjobs. 40% of Registered Republicans agree Congress should restore the subsidies.

So, if these stupid fucks win, they will force the REPUBLICAN CONGRESS TO RESTORE THE SUBSIDIES TO OBAMACARE OR ROYALL PISS OF MOST DEMOCRATS (who gives a shit right) PLUS MOST INDEPENDENTS (OH SHIT JESUS) AND HOLY FUCKEN HELL, 40% OF REPUBLICANS!

Watch a bunch of dumbfucks.

http://kff.org/health-costs/poll-finding/kaiser-health-tracking-poll-jan...

Sun, 03/08/2015 - 03:58 | 5866413 sun tzu
sun tzu's picture

Rates already increased 200% since obozscam was passed you stupid son of a whore libturd. The entire scam was written by the insurance companies to enrich themselves you stupid brainwashed fuckface

Sun, 03/08/2015 - 04:28 | 5866426 drendebe10
drendebe10's picture

Since "we have to passit to find out what's in it", Humana & United Healthcare stick prices up 350-400%.  Wonder what the hospital real profits ate as well. A brain MRI in the hospital costs $4.5K vs an outpatientimaging center of $1K. Fuk hospitals, fukem. Health services cost 5-10x more than if in an office (non-facility) setting.b

Sun, 03/08/2015 - 11:46 | 5866876 oudinot
oudinot's picture

"....the entire scam was written bythe insurance companies to enrich themselves"....

 

Don't forget about the drug companies.

Sun, 03/08/2015 - 09:22 | 5866648 Jerome Lester H...
Jerome Lester Horwitz's picture

Blah blah blah...I stopped at your first stupid attempt at a word. There is no point in reading puerile comments from jackasses like you.

Sun, 03/08/2015 - 11:08 | 5866803 FireBrander
FireBrander's picture

I understand; thinking is hard and you've already been programmed so well...best just to stick with what you "believe".

Buy some more gold, it's on sale this week, I mean this year, oops, I mean the last couple years...

Sun, 03/08/2015 - 11:26 | 5866843 Arnold
Arnold's picture

Let's see.

Population of US :319 million  (2014)

ACA sign up: 7 million  (2014)

An additional 450 million to get this ACA signup thing straight for this year.

Having to wade through 1095 s to file an A instead of an EZ, if ever filed before.

You actually have to pay the premiums to get the coverage.

Unfortunately the program is priceless(ly out of rational control).

Sat, 03/07/2015 - 22:59 | 5866036 Skateboarder
Skateboarder's picture

We'll put a chip in you to measure how much air you took. Obviously, if you breathe less, your bill is cheaper. Learn to live within your means, etc.

Sat, 03/07/2015 - 23:47 | 5866138 Global Douche
Global Douche's picture

But it'll be extremely costly under ObamaCare when one realizes that too little oxygen can induce certain cancers, especially in conjunction with nasty compounds. A certain genetic roulette so-to-speak. But please program the chip to remind me to take my over the counter statin meds, the way a few fast fooder chains were talking about just 2 or 3 years back.

Sun, 03/08/2015 - 09:27 | 5866655 new game
new game's picture

uninsured and proud!!!!!!!!!!!

Sun, 03/08/2015 - 11:10 | 5866810 FireBrander
FireBrander's picture

Yeah, and something tells me that if/when you get seriously ill, the rest of us will have to pick up the bill for YOUR PROUD ASS!

Unless of course, you'll just do us all a favor and go home and die cheaply.

Sun, 03/08/2015 - 09:38 | 5866679 BandGap
BandGap's picture

Yep. The hook from doctors these days is take a statin every day (low dose) and you will live longer. No mention of liver damage.

Statins and erectile drugs will be available without prescriptions in the next two years.

Pills for anything that ails you.

Sat, 03/07/2015 - 23:24 | 5866091 Global Douche
Global Douche's picture

You're thinking quite sensibly. One of my favorite economic pundits has been eyeing the Big Water trend since so many stores sell a bottle lined with cheap plastics which contain purified water at a price more expensive than most soft drinks.

One of the things the Germans have right - the cost of beer is cheaper than Coca Cola in restaurants. Of course, I miss the Doener Kabob sandwiches the Turks serve throughout the Republic. There's huge potential on these Western shores, but the language barrier and culture will put some resistance. Oh well, one can dream can't they?

Sat, 03/07/2015 - 22:56 | 5866027 GMadScientist
GMadScientist's picture

Venezuela: yep. Saud: yep. North Dakota: ask for odds.

Sat, 03/07/2015 - 22:59 | 5866032 DOGGONE
Sat, 03/07/2015 - 23:06 | 5866048 earleflorida
earleflorida's picture

'WGI'

wtf

.

world govern'n[uis?]ance indi`c[u]ators

Sat, 03/07/2015 - 23:49 | 5866141 Stormtrooper
Stormtrooper's picture

Dictators come, dictators go.  History marches on.  Humans learn nothing.

Sat, 03/07/2015 - 23:22 | 5866089 nah
nah's picture

America makes oil

.

is $50bbl cheap if you produce nothing else

Sun, 03/08/2015 - 08:55 | 5866618 Monetas
Monetas's picture

Moar "Arab Spring" .... bring it on .... let your enemies eat their children !

Sun, 03/08/2015 - 08:59 | 5866620 Monetas
Monetas's picture

I would rather see .... a nuclear holocaust .... than an Islamic world .... are you listening, Bibi !

Sun, 03/08/2015 - 09:37 | 5866680 Wahooo
Wahooo's picture

Not before $100 oil. How do I kinow that? Because NO ONE is predicting a massive rise in the price of oil.

Sun, 03/08/2015 - 10:04 | 5866722 FreeNewEnergy
FreeNewEnergy's picture

The article mentions, "inefficient, sometimes corrupt states..." (in typical Bloombergian style).

Did they mean the states of:

Massachusetts

New York

Illinois

California

North Carolina

Texas

Florida

need I continue?

Sun, 03/08/2015 - 11:34 | 5866865 Arnold
Arnold's picture

Who couda thunk that all these years of advice to 'buy the f*cken dip ' was supposed to refer to your elected politicians instead of stalks.

Probably the better investment in the long run.

Sun, 03/08/2015 - 12:03 | 5866926 Hannibal
Hannibal's picture

Bloomberg is wrong/deceptive like the rest of the US msm prestitutes!

Sun, 03/08/2015 - 14:46 | 5867324 trader1
trader1's picture

Watch out Nigeria.

Goodluck.

Nigeria’s militant Islamist group Boko Haram has pledged allegiance to Islamic State, which rules a self-declared caliphate in parts of Iraq and Syria, according to a video posted online on Saturday.

“We announce our allegiance to the Caliph ... and will hear and obey in times of difficulty and prosperity,” read an English-language translation of the video broadcast in Arabic that purported to be from the Nigerian militant group. The pledge of allegiance was attributed to Boko Haram leader Abubakar Shekau.

The video script identified the Caliph as Ibrahim ibn Awad ibn Ibrahim al-Awad al-Qurashi, who is better known as Abu Bakr al-Baghdadi, the leader of Islamic State and self-proclaimed caliph of the Muslim world. Baghdadi has already accepted pledges of allegiance from other jihadist groups in the Middle East, Afghanistan, Pakistan and north Africa

Boko Haram has been waging a six-year military campaign to carve out an Islamic state in northern Nigeria.

http://www.theguardian.com/world/2015/mar/07/boko-haram-suicide-bombers-...

 

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