The Death of Opec
09-11-2008, 09:57 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: Oct 2005
Position: CR7 Capt
Posts: 1,621
09-11-2008, 10:05 AM
#2
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 40,047
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 APC: Jan 2006
Position: Burning the Agitprop of the Apparat
Posts: 6,191
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
Gets Weekends Off
Joined APC: Jun 2008
Position: USAF
Posts: 1,398
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 APC: Nov 2006
Position: 767 FO
Posts: 8,047
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
