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Japan asks UAE to help stabilize crude oil markets

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Japan asked the United Arab Emirates on Tuesday to make "proactive contributions" as a major oil producer,

It's more asking please give Japan discount with cheaper energy price.

-4 ( +2 / -6 )

It's more asking please give Japan discount with cheaper energy price.

It's already happening with Vietnam.

https://www.nasdaq.com/articles/mitsubishi-buys-rare-vietnamese-crude-for-japan-power-plants-sources-0

I bet the rapid increase of Vietnamese permanent residents as well as Kishida's announcement to make core workers gaining permanent residency then citizenship. That's the part of the bargain that Japan must potentially uphold.

-7 ( +0 / -7 )

A few days ago, UAE was asked to pump more oil and agreed. Then they met with other OPEC members (Russia is a member, BTW) and rescinded their offer.

Nothing will come of this, unfortunately.

-2 ( +1 / -3 )

Saudi and UAE were actually supports Russia silencely, they don't like Biden!

-4 ( +0 / -4 )

The smarter, long-term play should be to get ourselves off oil.

-4 ( +4 / -8 )

Focus on decreasing oil consumption instead of asking others to increase production.

1 ( +2 / -1 )

Japan has no influence over the Gulf kingdom, it is China the only country can influencing them.

Saudi Arabia is seeking "RMB" (Remenbi) the monetary of China to pay off the oil exports to China and the doomsday of PetroDollar is near!

-4 ( +1 / -5 )

Focus on decreasing oil consumption instead of asking others to increase production.

Prices are rising now. Have you shopped driving, using trains, using electric power and eating off-shore fish yourself? All of those things use oil along with all shipping. Some cold climate homes use oil for heating too. This is much more efficient than any electrical heaters.

Japan is the 5th largest oil consumer in the world.

1/3rd of electricity in Japan is generated using coal. Is that better than using oil? It isn't better for the environment.

We should all reduce our energy use and transfer to renewable (solar, wind, geothermal) energy sources as much as possible. But there will always be nighttime and cloudy days. I don't see Japan's huge offshore fishing fleet switching to sails rather than oil for power. As we get better at energy storage, perhaps a day will come when we can save energy produced during the day for later use.

I'd love to have solar panels feeding a battery system with sufficient power storage for my home over a 7 day period. That would be great.

1 ( +1 / -0 )

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