The Death of Opec
09-11-2008 | 09:57 AM
#1
Thread Starter
Gets Weekends Off
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From: CR7 Capt
09-11-2008 | 10:05 AM
#2
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,895
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From: Engines Turn or People Swim
Good news. The saudis know better than unnecessarily encourage the development of alternative energy.
And for those producers who want to use oil supply as a political tool...perhaps they should remember that the biggest oil consumers also have the world's largest and most capable military forces, and all posses nuclear weapons
And for those producers who want to use oil supply as a political tool...perhaps they should remember that the biggest oil consumers also have the world's largest and most capable military forces, and all posses nuclear weapons
09-11-2008 | 10:18 AM
#3
With The Resistance
Joined: Jan 2006
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From: Burning the Agitprop of the Apparat
What is the world coming to when a gang of third world cutthroat pirates can't be friends anymore.
Watch and learn how supply and demand are the real drivers and speculation is just background noise.
Watch and learn how supply and demand are the real drivers and speculation is just background noise.
09-11-2008 | 05:43 PM
#7
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From: USAF
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...
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...
09-12-2008 | 02:00 PM
#10
Gets Weekends Off
Joined: Nov 2006
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From: 767 FO
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...
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...
Drill Baby Drill
