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Pale Blue Dot (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 12:38 PM Original message |
OPEC president: Oil cuts likely if no price rally |
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glowing (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 12:42 PM Response to Original message |
1. What's wrong with cheaper oil? Why are they trying to manipulate the price. |
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Junkdrawer (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 12:48 PM Response to Reply #1 |
2. Why do you think Rockefeller sold Aramco to the Saudis in 1972? |
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louis-t (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 01:18 PM Response to Reply #1 |
8. Why? Sole purpose of OPEC existence is to control production |
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Psephos (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 04:32 PM Response to Reply #1 |
21. Because they are greedy and don't care about you in the least. n/t |
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Lucky Luciano (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 04:48 PM Response to Reply #1 |
22. $40/barrel was considered extremely expensive before |
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ben_meyers (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 12:48 PM Response to Original message |
3. Reasonable prices should range "between $70 and $90 per barrel? |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 12:55 PM Response to Reply #3 |
5. The only thing that will beat the jerks down |
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dantyrant (278 posts) Send PM | Profile | Ignore | Sat Nov-08-08 12:59 PM Response to Reply #3 |
6. OPEC has little control over price. |
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Tandalayo_Scheisskopf (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 12:55 PM Response to Original message |
4. Finny: |
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Fearless (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 01:12 PM Response to Original message |
7. So now they're openly admitting that they price fix? |
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Andy823 (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 01:24 PM Response to Original message |
9. The "bubble" has burst on oil! |
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geomon666 (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 01:51 PM Response to Original message |
10. Jesus H. Christ! |
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Lucky Luciano (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 04:51 PM Response to Reply #10 |
23. Of course they price fix. That is why a cartel gets formed in the first place. |
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Dover (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 02:15 PM Response to Original message |
11. I'm confused. First we're told that reserves are dwindling and countries |
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Career Prole (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 02:32 PM Response to Original message |
12. On the bright side... |
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Dover (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 03:06 PM Response to Reply #12 |
15. True, although if there is a production crisis then it's also possible that |
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Dover (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 02:50 PM Response to Original message |
13. Obama unveils clampdown on oil speculators |
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magellan (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 03:04 PM Response to Original message |
14. They're going to be really bummed when dollar inflation hits |
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Dover (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 03:09 PM Response to Reply #14 |
16. Well many wanted to move away from the 'petrodollar', and knew the consequences. |
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magellan (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 03:32 PM Response to Reply #16 |
20. One thing is for certain |
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Zorra (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 03:09 PM Response to Original message |
17. Uh-oh. Here comes the global corporate post-election oil price hike. |
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benld74 (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 03:12 PM Response to Original message |
18. Translation:WE WANT MORE OF YOUR MONEY and since |
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Dover (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 03:22 PM Response to Reply #18 |
19. Well, if the dollar is worth half of what it used to be valued at, then oil prices would double. |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 05:05 PM Response to Reply #19 |
24. Sound reasoning. |
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excess_3 (1000+ posts) Send PM | Profile | Ignore | Sat Nov-08-08 08:16 PM Response to Original message |
25. the electric car is coming .n/t |
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DU AdBot (1000+ posts) | Sat May 04th 2024, 04:49 AM Response to Original message |
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