F*** opec
#22
This was in the NY Times the other day - if oil stays down, some OPEC countries will feel their shorts tightening up.
http://www.nytimes.com/2008/10/21/wo...e&st=cse&scp=2
http://www.nytimes.com/2008/10/21/wo...e&st=cse&scp=2
#23
Our entire problem is because of oil prices. They continually made record profits for no reason. Taking billions out of the economy everywhere, except the oil company. And now that they are going back to the normal before Katrina. Ohhhhh we are not ripping people off enough.
Trust me they are making a profit. The goverments should stand together as a whole and say no.
People seemed to be doing fine paying rent until their rent money started going into the gas tank. Gas rasing from $1.28 to $4.00 a gallon in a brief period. And paycheck raises are being halted due to the economy.
Layoffs everywhere. Oil trickles into everything. You have to transport things.
They are too GREEDY!
I forgot how much money goes back into the economy for every $1.00 gas drops. And who gives a crap about the oil contry's. They have made enough, this recession should hit them too. They are a big part of it.
Trust me they are making a profit. The goverments should stand together as a whole and say no.
People seemed to be doing fine paying rent until their rent money started going into the gas tank. Gas rasing from $1.28 to $4.00 a gallon in a brief period. And paycheck raises are being halted due to the economy.
Layoffs everywhere. Oil trickles into everything. You have to transport things.
They are too GREEDY!
I forgot how much money goes back into the economy for every $1.00 gas drops. And who gives a crap about the oil contry's. They have made enough, this recession should hit them too. They are a big part of it.
#27
I don't get it. What are they doing now that they didn't do 5 years ago that demands such high pricing? I understand the situation now versus the early and mid 90's, but even 4-7 years ago, prices weren't this high and OPEC was IIRC doing just fine. I'll have to read back and see what was happening and if they actually needed the money. I'm not assuming some sort of stand on the subject. Just posing a question.
#28
Yeah, I did 2.16 (regular) last night and it just came down to that a day ago. Prices around here have been below 2.30 for a week or so now. My last tank was 2.55, but it was ethanol-free gas and the station was higher than any other I had seen. Average in Tulsa at that point was 2.30-ish.
#29
I don't get it. What are they doing now that they didn't do 5 years ago that demands such high pricing? I understand the situation now versus the early and mid 90's, but even 4-7 years ago, prices weren't this high and OPEC was IIRC doing just fine. I'll have to read back and see what was happening and if they actually needed the money. I'm not assuming some sort of stand on the subject. Just posing a question.
I've read that the Saudi's need $55/barrel at current production levels to break even - Iran and Venezuela are more like $75 to cover their budgets.
What we ought to do is get together with Canada, Brazil, and Argentina and form an organization for grain exporters to deal with OPEC. Tough farming in the desert.
#36
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So gas prices finally drop to a point where people can afford it and have money to boost the economy, and what the **** do those ******* do. They try and spike the prices again so we all are hurting for money again.
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