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Author Topic: Death of OPEC  (Read 1057 times)
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Meisterbrew
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« on: September 11, 2008, 05:42:20 PM »

http://blogs.moneycentral.msn.com/topstocks/archive/2008/09/11/the-death-of-opec.aspx


HURAH!
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Caine
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« Reply #1 on: September 11, 2008, 06:34:15 PM »

wow, that is shocking.  this could go either way.  if the saudis want to supply their customers, that could either mean they want to keep the market price higher than supplies would suggest or ramp up a bit to lower the price and take away market share from the others. 

chavez is boiling right now. 
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« Reply #2 on: September 11, 2008, 06:36:51 PM »

good. screw them. i hope they crash and burn.
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Knightshade Dragon
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« Reply #3 on: September 11, 2008, 07:34:42 PM »

Wow, I'm honestly very surprised to see this.  It'll be interesting to see if the rest of this band of thieves can lure the Saudis back or not.

"No seriously, we were just kidding.  Cut production?  Nah...  Come back, guy!"  </South Park Saddam Hussein Voice>
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« Reply #4 on: September 11, 2008, 07:57:43 PM »

Look, the Saudis didn't back out of OPEC forever and don't expect them to.  OPEC countries have had a way of saying one thing (for public appearances) and doing another.  Nor did they walk out - they agreed to a 500,000 barrel cut in daily production (http://www.msnbc.msn.com/id/26647869/).  OPEC wanted the Saudis to shoulder the burden of the cut, which the Saudis said they wouldn't do.

The "death of OPEC"?  Hardly.  More like the Saudis keeping up their public image as a pro-Western country in order not to get their foreign aid pulled - in reality, it doesn't appear anything has changed.
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« Reply #5 on: September 12, 2008, 01:50:10 AM »

Again, all the more reason we should be drilling our own oil and looking at nuclear power as we seriously develope other energy sources.
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CeeKay
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« Reply #6 on: September 12, 2008, 03:56:22 AM »

Quote from: map on September 12, 2008, 01:50:10 AM

Again, all the more reason we should be drilling our own oil and looking at nuclear power as we seriously develope other energy sources.

Pickens Plan.
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« Reply #7 on: September 12, 2008, 04:10:35 AM »

We tried wind in So. Cal. Not there yet. How much money do you think Pickens has invested in this. Solar . . .still too expensive. However, I believe that both solar and wind plus other means will become viable as we go on. In the mean time I think we all have to accept the fact that the World's economy will be dependent on fossil fuels for the forseeable future. In that regard the United States has to divorce itself from this the greatest transfer of wealth in history and start utilizing our own resources. We have no friends in OPEC.
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« Reply #8 on: September 12, 2008, 04:48:42 AM »

Quote from: map on September 12, 2008, 04:10:35 AM

We tried wind in So. Cal. Not there yet. How much money do you think Pickens has invested in this. Solar . . .still too expensive. However, I believe that both solar and wind plus other means will become viable as we go on. In the mean time I think we all have to accept the fact that the World's economy will be dependent on fossil fuels for the forseeable future. In that regard the United States has to divorce itself from this the greatest transfer of wealth in history and start utilizing our own resources. We have no friends in OPEC.

Pickens has or is willing to put in over 2 billion of his own money.

And his plan isn't just about Wind or solar which are both important and necessary, but a lot of his plan is about the switch to natural gas based vehicles. He constantly harps that if the US government would mandate all of it's vehicles switched by a certain time frame, and then force the trucking industry to switch as well we'd cut our nation's foreign oil consumption by almost 80% and that will be more effective than any off shore drilling(which he actually recommends but only as a temporary solution). Also, he talks about not having  to worry as much about infrastructure build out as the Trucking industry is on an almost completely different set up than us 4 wheelers and the US gov't can put Nat gas where ever they need it.

The whole idea is that we have to change what we are doing. Doesn't anyone wonder why Europeans get vehicles with upwards of 65 mpg ratings while we don't? Did you know that our Gov't actively prohibits the production and sale of those vehicles in the states. Do you know that our Gov't makes it damn near impossible to connect those wind farms to the grid? It's ridiculous, and both sides are to blame. This could've been handled 20 years ago, and it seems like our leaders today are willing to let the future generations to figure it out.
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« Reply #9 on: September 12, 2008, 11:56:59 AM »

I agree 100% about the natural gas. Get the pipeline to Anwar now.
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This could've been handled 20 years ago, and it seems like our leaders today are willing to let the future generations to figure it out.

I am 59. I lived this.
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« Reply #10 on: September 12, 2008, 02:43:13 PM »

Quote from: map on September 12, 2008, 11:56:59 AM

I agree 100% about the natural gas. Get the pipeline to Anwar now.
Quote
This could've been handled 20 years ago, and it seems like our leaders today are willing to let the future generations to figure it out.

I am 59. I lived this.
 There is no Boogieman. We are the government. Our own complacency is ultimately to blame for anything the government does or does not do. We are where we are today because the vast majority of us found it to be the easiest path to take.

Please explain to me why more drilling will solve our problems? To me it sounds like just another "easiest path to take".
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Brendan
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« Reply #11 on: September 12, 2008, 04:43:01 PM »

Quote from: map on September 12, 2008, 11:56:59 AM

I agree 100% about the natural gas. Get the pipeline to Anwar now.

What gives you any confidence that the supplies in ANWR would end up here in the United States?  There's more profit elsewhere.
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drifter
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« Reply #12 on: September 12, 2008, 07:14:56 PM »

Build more nuclear power plants and use electric cars.  Nuclear is more expensive than coal for them to produce per kilowatt but overall there is less waste and if they would ever open that storage facility they dug out in the desert we would be set.
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