Miscellaneous News
- Thread starter bd popeye
- Start date
This move is probably done to avoid depleting its oil reserves.
Putin Trolling the Europeans:
Putin should request for long contracts in years term.
now you feel the severe of this situation.
Most of American refineries can only process heavy crude, while most of the use is light crude. The US does rely significantly on imports despite exporting a lot of petroleum because not all crude is the same.
It's not so much one country leeching off of another as global elites leeching off the masses.
One thing I wonder if China can do during this Iran war is to send the PLAN to the area to escort Chinese commercial ships. Iran is allowing Chinese ships through, so they only need to defend against false flag attempts or FF incidents rather than sustained multi-domain attacks from any military. Chinese insurers can draw up the war coverage policies while still allowing Lloyd's and such to continue coverage for other incidents.
For something like this a few 054A's would do, but for the purpose of practice and presence they can send a CSG as well, with extra 054A's attached to do the actual escorting. Maybe at first use Djibouti as the home base, but eventually use this as an excuse to convert Gwadar to a military base too.
For something like this a few 054A's would do, but for the purpose of practice and presence they can send a CSG as well, with extra 054A's attached to do the actual escorting. Maybe at first use Djibouti as the home base, but eventually use this as an excuse to convert Gwadar to a military base too.
plawolf
Lieutenant General
Reporting on this has been vague to the point where I’m starting to feel it’s deliberate to suppress the information as much as possible.
The most details I could easily find are from this source.
So, my reading of this is that for ships already in the Gulf and trapped there, yes, technically you may still covered, but as soon as you try to leave the gulf, your coverage is automatically terminated.
That’s the equivalent of your car insurance being unilaterally changed by the insurer such that if a riot happens, you cannot leave the riot zone without your riot insurance being automatically cancelled, so now you are stuck in the hot zone hoping the rioters don’t decide to set you and your car on fire despite having bought additional coverages specifically against such riots.
But no matter how you cut it, western insurance cartels are predatory and massively abuse their market power as well as exert political power on western governments to write unjust laws to facilitate them ripping off their clients as much as possible. The whole industry is rotten to the core and the whole world would be far better off if they whole lot of them are replaced with a much fairer and just system designed to actually provide insurance instead of a means to extract unreasonable profits.