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OPEC increasing oil production

aplusmnt

Well-known member
The Camel Jocks have tested the waters and seen what our thresh hold for pain is. And now they will back off a a little. They saw that with gas reaching almost $4.00 a gallon Americans started using less and people started taking serious alternative energy, Like Nissan and Chevy announcing their soon to be released Electric Vehicles.

They want to keep us right on the teetering point of willing to pay and drive SUV's and looking for other alternatives. They know if something big happens like the U.S. starting to utilize the resources they have, or car companies selling Batter Vehicles their strong hold on the world and specially the U.S. will go away.

I predict we will see gas at $2.98 a gallon by the end of the year. I think the Saudi's and Opec want to see it fluctuate around $2.95 to $3.25 and Americans will keep driving and using record amounts of oil.


"Saudi Arabia, the world's biggest oil exporter, is planning to increase its output next month by about a half-million barrels a day, an increase of nearly 6 percent, according to analysts and oil traders briefed by Saudi officials".

http://www.iht.com/articles/2008/06/15/business/oil.php
 

Sandhusker

Well-known member
I don't see how an increase in production is going to fix the problem when the problem is not supply. The problem is in Chicago with the speculators, not anywhere else. The government could fix the problem this morning by going on the board with a fistfull of shorts.
 

TSR

Well-known member
I'm afraid you're wasting your time trying to tell aplus that Shusker. Supply and demand runs everything in his eyes. Its a Walgreen world :)
 

aplusmnt

Well-known member
TSR said:
I'm afraid you're wasting your time trying to tell aplus that Shusker. Supply and demand runs everything in his eyes. Its a Walgreen world :)

Perceived supply and demand plays a big part in speculators game. That is why just announcements of something going to be short or long in supply will change the stock market in a mater of hours or days even though the real time affect on Supply and Demand will weeks or months down the line.

Just wait and see if Oil Price per barrel does not start dropping once production is increased if not sooner! And then gas prices will follow slowly.

OPEC is the over all puppet master of the oil and its prices and they will bring it down some to keep demand up instead of dropping as it has been.
 

Sandhusker

Well-known member
aplusmnt said:
TSR said:
I'm afraid you're wasting your time trying to tell aplus that Shusker. Supply and demand runs everything in his eyes. Its a Walgreen world :)

Perceived supply and demand plays a big part in speculators game. That is why just announcements of something going to be short or long in supply will change the stock market in a mater of hours or days even though the real time affect on Supply and Demand will weeks or months down the line.

Just wait and see if Oil Price per barrel does not start dropping once production is increased if not sooner! And then gas prices will follow slowly.

OPEC is the over all puppet master of the oil and its prices and they will bring it down some to keep demand up instead of dropping as it has been.

The price of oil has more than doubled in the last year and there has been no real threat of reduced supply. If supply didn't make the price go up, I don't see why it will make it go down.

This is just a self-fullfilling prophesy if you will from the hedge funds (George Soros and friends). They go long on oil supposedly to hedge against the effects of rising oil prices, but their efforts themselves make the price go up because of the number and nature of their trades. That then prompts more buying which drives the price higher, which prompts still more buying, etc..... It will collapse some day, but when and what damage does it do to everybody else.

The Democrats answer is to put a windfall tax on the oil companies even though their profits are just a result of factors largely out of their control. If there is any entity that should get their socialist redistribution of wealth penalty, it is people like their chief financier, George Soros, because he is a hell of a lot more responsible for the rise in oil prices than the oil companies. Fat chance of that ever happening.
 

fff

Well-known member
aplusmnt said:
TSR said:
I'm afraid you're wasting your time trying to tell aplus that Shusker. Supply and demand runs everything in his eyes. Its a Walgreen world :)

Perceived supply and demand plays a big part in speculators game. That is why just announcements of something going to be short or long in supply will change the stock market in a mater of hours or days even though the real time affect on Supply and Demand will weeks or months down the line.

Just wait and see if Oil Price per barrel does not start dropping once production is increased if not sooner! And then gas prices will follow slowly.

OPEC is the over all puppet master of the oil and its prices and they will bring it down some to keep demand up instead of dropping as it has been.

Manure. There is not, has not, been a shortage of oil/gasoline since prices started skyrocketing. It's pure and simple greed on the part of the oil companies. Can Congress do anything about it? Not much. I, too, think gasoline prices will come down as the election nears. Not because of supply and demand, but because they know their Republican enablers are likely going to be out in the street. The oil companies are already donating a lot of money to Democratic candidates, but they know the Dems will not be as easy as Republicans when it comes to shafting Americans.
 

Sandhusker

Well-known member
fff said:
aplusmnt said:
TSR said:
I'm afraid you're wasting your time trying to tell aplus that Shusker. Supply and demand runs everything in his eyes. Its a Walgreen world :)

Perceived supply and demand plays a big part in speculators game. That is why just announcements of something going to be short or long in supply will change the stock market in a mater of hours or days even though the real time affect on Supply and Demand will weeks or months down the line.

Just wait and see if Oil Price per barrel does not start dropping once production is increased if not sooner! And then gas prices will follow slowly.

OPEC is the over all puppet master of the oil and its prices and they will bring it down some to keep demand up instead of dropping as it has been.

Manure. There is not, has not, been a shortage of oil/gasoline since prices started skyrocketing. It's pure and simple greed on the part of the oil companies. Can Congress do anything about it? Not much. I, too, think gasoline prices will come down as the election nears. Not because of supply and demand, but because they know their Republican enablers are likely going to be out in the street. The oil companies are already donating a lot of money to Democratic candidates, but they know the Dems will not be as easy as Republicans when it comes to shafting Americans.

How are the oil companies raising prices?

George Soros' personal income last year was 3 billion. BILLION. Who's greedy?
 

Larrry

Well-known member
I would like for the liberal socialists to tell us what the return on investment the oil co make?

How much is too much?
 

aplusmnt

Well-known member
By no means am I an expert on how the stock market works.

But if increasing oil production will not affect the price of oil per barrel why is OPEC increasing production? They have said they are doing it to lower prices so Demand will not go down. They realize people are using less and Demand is decreasing. They do not want us to make energy adjustments so as to lose their gravy train.

If nothing else them increasing supply will speed up the process of bursting the speculators bubble.

The perception of low supply and High demand plays a large part in the speculators game. If OPEC helps take away the Supply threat it has to help burst the bubble. But Like I said I am a rookie investor and stand to be corrected!
 

aplusmnt

Well-known member
fff said:
Can Congress do anything about it? Not much. .


The oil companies are already donating a lot of money to Democratic candidates, but they know the Dems will not be as easy as Republicans when it comes to shafting Americans.

You are the scariest kind of stupid! You believe one party is honorable and one party is evil. Any smart and balanced person knows that both parties are evil and both parties equally shaft Americans.

You just have to pick rather you want to get shafted but keep your guns and pay lower taxes.........Or get shafted and kill unborn babies and let gay people marry. Either way you are going to get shafted!

And I bet if the Republicans were in charge of Congress you would think there was something they could do about it.........Remember Congress can do more about it than the President can, if you do not realize that you are a second kind of stupid!
 

kolanuraven

Well-known member
All the Saudis are doing is ' striking while the iron is hot".

Putting more oil on the market will only make more money for them.

END OF STORY!
 

aplusmnt

Well-known member
kolanuraven said:
All the Saudis are doing is ' striking while the iron is hot".

Putting more oil on the market will only make more money for them.

END OF STORY!

So why announce it? If they want to turn the pumps up they can do that with out ever telling anyone.

You believe their announcement will have no affect on Price of Oil? And that their announcing it was not to curve the price to a more affordable price to keep the gluttons buying Hummers?
 

kolanuraven

Well-known member
aplusmnt said:
kolanuraven said:
All the Saudis are doing is ' striking while the iron is hot".

Putting more oil on the market will only make more money for them.

END OF STORY!

So why announce it? If they want to turn the pumps up they can do that with out ever telling anyone.

You believe their announcement will have no affect on Price of Oil? And that their announcing it was not to curve the price to a more affordable price to keep the gluttons buying Hummers?


Everyone loves attention....Saudis are no different.

The increase of oil production wont' matter a diddlers damn in the price.
 

aplusmnt

Well-known member
kolanuraven said:
aplusmnt said:
kolanuraven said:
All the Saudis are doing is ' striking while the iron is hot".

Putting more oil on the market will only make more money for them.

END OF STORY!

So why announce it? If they want to turn the pumps up they can do that with out ever telling anyone.

You believe their announcement will have no affect on Price of Oil? And that their announcing it was not to curve the price to a more affordable price to keep the gluttons buying Hummers?


Everyone loves attention....Saudis are no different.

The increase of oil production wont' matter a diddlers damn in the price.

Yea they want to keep up their good will reputation :roll:

If you know anything about this subject you would know it is no secret that the Saudi's do not want prices to reach a point were demand decreases. They realize if it reaches a certain point Americans will look to alternatives. There is no way Saudi's want to see cars like the Chevy Volt produced, because it could spark a trend away from oil dependency.

Rather their increase will make a difference only time will tell, even though I am sure you will have a different reason why oil prices dropped to save face! But I see no other reason for them to announce the increase except to curve the price of oil just enough to take some pressure off of Alternative energy sources being sought so fevorishly.
 

kolanuraven

Well-known member
There's too much money playing around keeping alternative energy at bay.


Alternative sources are decades away at best.



There are sooooo many people out there, the majority really, that need to run to the mall 3x's a week.....the demand for oil will always be high.


Forget oil usage for driving....' oil' is in EVERYTHING that's around us.

These computers we bang around on , medical supplies and medicines, all plastics.....it's everywhere and the list is endless.


All the Saudis will say to us is " shokran"...which is THANK YOU
 

aplusmnt

Well-known member
kolanuraven said:
Alternative sources are decades away at best.

I disagree Alternative sources are already here, Battery powered cars have already been used in California succesfully back in late 1990's. We have the technology right now for solar, wind, wave, Nuclear and coal.

It is just that in the past oil prices were so low the above options were not economic, not enough people would buy them. Or in the case of coal the EPA and Liberals block it being used to its full extent.

The Saudi's want to make a large buck, but they do not want us to see the need to use those other alternatives that we have at our disposal. So they will start curbing the price a little on oil to help slow down our frenzy for alternatives.
 

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