Iran

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#20,328

OPEC+ Agrees To Boost Oil Output When Strait Of Hormuz Reopens​


OPEC+ agreed on Sunday to raise its oil output quotas by 206,000 barrels per day for May, a modest rise that will largely exist on paper as its key members are unable to raise production due to the U.S.-Israeli war with Iran.

The war has effectively shut the Strait of Hormuz — the world’s most important oil route — since the end of February and cut exports from OPEC+ members Saudi Arabia, the United Arab Emirates, Kuwait and Iraq, the only countries in the group which were able to significantly raise production even before the conflict began.

The OPEC+ quota increase of 206,000 bpd represents less than 2% of the supply disrupted by the Hormuz closure, but it signals readiness to raise output once the waterway reopens, OPEC+ sources have said. Consultancy Energy Aspects called the increase “academic” as long as disruptions in the strait persist.

“In reality it adds very few barrels to the market,” said Jorge Leon, a former OPEC official who now works as head of geopolitical analysis at Rystad Energy. “When the Strait of Hormuz is closed additional barrels from OPEC+ become largely irrelevant.”

Eight members of OPEC+ agreed to the increase in May quotas at a virtual meeting on Sunday, OPEC+ said in a statement.

Besides the disruptions affecting Gulf members, others such as Russia are unable to increase output — in Moscow’s case due to Western sanctions and damage to infrastructure inflicted during the war with Ukraine.

Inside the Gulf, damage to infrastructure from missile and drone attacks has also been severe. Several Gulf officials have said it would take months to resume normal operations and reach production targets even if the war stopped and Hormuz reopened immediately.

nypost.com

OPEC+ agrees to boost oil output when Strait of Hormuz reopens

The war has effectively shut the Strait of Hormuz since the end of February and cut exports from OPEC+ members Saudi Arabia, the United Arab Emirates, Kuwait and Iraq.
nypost.com nypost.com
 
#20,329
#20,329
Persian Vol said:
You must feel very clever coming up with that all by yourself.
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Well it must be a feeling only cause it damn sure isn’t based in reality. His join date is Jan 2017 and his handle is TrumpedupVol. That’s about as bootlicker Homer telegraphing as you can get. He’s claimed he’s called out Trump before but I’m gonna go ahead and believe he goes thru more Trump knee pads than Biden goes thru Depends 😂
 
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#20,332
#20,332
Persian Vol said:
A nice moment ruined by a narcissist trying to absorb all credit.
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That’s Trump to a T. It’s his worst flaw. Always taking all the credit for anything his administration accomplishes. It’s never “we” it’s always “I”. Like he did everything on his own, no great leader ever uses “I” more than “we” Great leaders acknowledge their team first and that ain’t Trump.
 
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#20,333
#20,333
Delmar said:
Most all of them are the worst hypocrites. Pretty much like a lot of “Sunday Morning” Christians I know.
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The Christians that I know have their flaws in the present or the past (just like all humans). So, you might consider them hypocrites. But the great majority feel a call to do better and are answering it. For me, that is the test.
 
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#20,338
#20,338
DuckInAPen said:
The Mosaic Passover was a pagan festival?
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The early church folded in Eostre festivals into 'Pascha' celebrations as they moved further into Germanic and Saxon lands and shed Hebrew traditions.

Pascha became Easter.

This is why you get to eat marshmallow Peeps, terrible hollow fake chocolate bunnies, and dye eggs for Easter today, instead of adhering to a strict vigil fast all night, filled with prayer and scripture reading, followed by a dawn liturgy and feast.

Catholic and Orthodox churches still have what they call 'Easter vigil' but it's far removed from Pascha.
 
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#20,343
#20,343
VAVol85 said:
The Christians that I know have their flaws in the present or the past (just like all humans). So, you might consider them hypocrites. But the great majority feel a call to do better and are answering it. For me, that is the test.
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Everybody has flaws. I’m talking about those so-called Christians that are intentional
a—holes 6 days a week but are the first ones in the church doors on Sunday and right back to a—hole on Monday. Those are the hypocrites.
 
#20,344
#20,344
BeardedVol said:
The early church folded in Eostre festivals into 'Pascha' celebrations as they moved further into Germanic and Saxon lands and shed Hebrew traditions.
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Let's start here - you agree that the historical antecedent of the Christian Pascha is the Hebrew Pesach (called in Aramaic  Pascha) and not "the arbitrary day of a pagan festival" (regardless of the validity of your assertion that "Eostre festivals" were later "folded in")?
BeardedVol said:
Pascha became Easter.
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Became Easter or came to be called such by the Anglo-Saxons? Most languages retain the name Pascha (or a phonological evolution thereof).
BeardedVol said:
This is why you get to eat marshmallow Peeps, terrible hollow fake chocolate bunnies, and dye eggs for Easter today, instead of adhering to a strict vigil fast all night, filled with prayer and scripture reading, followed by a dawn liturgy and feast.
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Are you quite sure? :D
BeardedVol said:
Catholic and Orthodox churches still have what they call 'Easter vigil' but it's far removed from Pascha.
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Tell me more. I'm a Greek Orthodox Christian who associates regularly with Roman Catholics. In what respects are our respective Paschal vigils (the feast continues to be called το Πάσχα in Greek and Pascha in Latin) "far removed from Pascha" and rather more like the festival of a conjectured Germanic goddess (the object of much speculation by nineteenth-century folklorists)?
 
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#20,349
#20,349
85SugarVol said:
Catching up on the thread today, was wondering what was cringier.

1. Reading the 14 yr old’s posts
2. Reading the adults responding

Then I read the Trump tweet.
Yea… yea that was it.
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Just when you think this place has reached its zenith of wild we all up our game 😂

And I responded once. But I did it in my best dead pan Cliff Clavin.
 
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