View Single Post
Old 09-11-2008 | 05:43 PM
  #7  
ryan1234's Avatar
ryan1234
Gets Weekends Off
 
Joined: Jun 2008
Posts: 1,398
Likes: 0
From: USAF
Default

I'm not sure that this is an entirely good thing in the long run.... not trying to rain on anyone's parade.... just my opinion.... without Saudi influence, and players like Venezuela and Iran controlling OPEC, perhaps bringing several new oil-rich countries to the game... this might not be such a good thing for the future of US oil.... it is a relief for now... hopefully we can make the energy swtich....

just imagine if oil prices went over to the Euro.....it may be a long shot but it still could happen if OPEC becomes stronger without Saudi influence... although the Euro is dropping with the dollar it may not be for so long...

I just think we should be cautious about what's happening...
Reply