JohninMK Mon Mar 08, 2021 11:39 am
Backman wrote:
The term stealing oil implies that this is highway robbery. It isn't. They are in control of some of the oilfields. They are running and maintaining the wells with their own resources. They are dealing with the marginal cost of production like everyone else
To me 'stealing' basically means taking something without the owners permission. I am pretty sure that the US, who are managing the operation, do not have the permission of the oil fields owner, the Syrian Government. So yes, it is highway robbery and a highwayman had to bear the marginal cost of production too, horse, feed, weapons etc but it was still theft.
I know that the SG and SDF have some deals on profit share on oil pipelined west but not this unmeasured extraction. The US have even bought in a western oil company to upgrade the infrastructure to optimize the theft.
With this action I suspect that bulk theft is now over, again. The message has gone out, production and refining for local use is allowed but bulk export, which seems to have been building up (like ISIS exploited to the full in the past), is not going to be allowed to happen again. Someone got too greedy.
A side effect may be more military action as the Turks may well no longer have a profit stream to protect by a softly, softly approach.