Not only is the new pipeline a big finger to Iran and further reduces the importance of the Strait, but the more production cranks up, the more the prices would likely come down. Iran has now effectively incited actions that will reduce their control and importance in the future.
"We're likely to see lower prices in the future. I'm not talking now or in six months, but let's say a year from now, once things get back to normal, you'll see a much lower price because of this UAE decision."
And how long doe's it take to build a pipeline again?
The more important question is “how long does it take to remove the pipeline?” Btw… this pipeline was started several years ago to support the BRI (Belt and Road Initiative) trade corridor between Russia to China. The new pipeline runs parallel to the existing pipeline to double the capacity of oil flow. the contractor is Chinese National Petroleum Corporation. We are our own worst enemies and believe media reports that there is a moment of glory coming “soon”..it’s not coming. This does one thing: further strengthens the BRICS system that ultimately damages our economy.
Saudi built a similar pipeline called Petroline. Originally it was coordinated with Iraq but I think the Iraq partners are negligible now. Another thing to remember is this pipeline was built largely by Aramsco (mostly Saudi owned) but the refineries are largely Chinese owned or financed by cooperation with the Saudis. Basically China has been strategically planning for alternative oil routes for years. I don’t think there’s any mystery as to why 🤷♂️
And how long doe's it take to build a pipeline again?
It takes one ten thousandth of the length of time that it takes to build a half mile of high speed railway in California, Mow.
Well then I hope they started building it decades ago...
What I'm saying is that it'll be done in a timely manner
The more important question is “how long does it take to remove the pipeline?” Btw… this pipeline was started several years ago to support the BRI (Belt and Road Initiative) trade corridor between Russia to China. The new pipeline runs parallel to the existing pipeline to double the capacity of oil flow. the contractor is Chinese National Petroleum Corporation. We are our own worst enemies and believe media reports that there is a moment of glory coming “soon”..it’s not coming. This does one thing: further strengthens the BRICS system that ultimately damages our economy.
Do you mean the pipeline that Saudi built to exit at the red sea?
Saudi built a similar pipeline called Petroline. Originally it was coordinated with Iraq but I think the Iraq partners are negligible now. Another thing to remember is this pipeline was built largely by Aramsco (mostly Saudi owned) but the refineries are largely Chinese owned or financed by cooperation with the Saudis. Basically China has been strategically planning for alternative oil routes for years. I don’t think there’s any mystery as to why 🤷♂️
Experts on top of it as usual.