Originally Posted by
JDriver
This is how the oil cartel members can make prices go up:
I have been flying over UAE several times a week now. There are literally hundreds of ships sitting at anchor. Not one ship is at the dock. It has been this way for a couple of months now. It would appear from the untrained eye that they are trying to reduce the supply to possibly result in an increased price.
Now Dubai World cannot pay its bills.....
Again, just an observation. Discuss.
1. Dubai has no oil - Abu Dhabi does.
2. Controlling oil is much harder than just OPEC saying it - Saudi Arabia has been trying this for years but if you've got other non-OPEC countries unwilling then it's not very effective - everyone is greedy.
I generally would trust an analyst's opinion on oil over that of a pilot - including my own.