OPEC Is Going to Rape Us

av8r · Post by **av8r** » Tue. Oct. 21, 2008 8:43 pm

rberq wrote:
Duengeon master wrote:DRILL HERE, DRILL NOW, LOWER THE PRICE
I know it won't lower the price significantly, because it will just be sold back to us at world-market prices. What I don't know is, about the claims of millions of acres already leased to the oil companies that they could be drilling but are not. Does anybody here know the real story on this? Are there really all those acres? Were the lease fees a one-shot deal, or are the oil companies paying annual lease fees, or do the fees not kick in until production begins? Are the oil companies leaving them idle because they are expensive to tap, compared to other areas or compared to buying from the Arabs? Are they leaving them idle because they have no incentive to increase supply, as it's more profitable just to charge what the market will bear and the lower the supply the better? Are they leaving them idle because their refineries can't handle any more oil in any case? I'm not trying to advance any theory here, I just wonder what's "the rest of the story" as my buddy Paul would say.

Google "Gull Island" and "Oil"

Adamiscold · Post by **Adamiscold** » Wed. Oct. 22, 2008 8:09 am

If they are going to cut the oil production to raise prices I say do it now and get the price up before the November elections, it only helps Obama. Opec is suppose to be cutting production this week anyways.

Ed.A · Post by **Ed.A** » Wed. Oct. 22, 2008 8:39 am

it only helps Obama.

Adam, this I don't understand.
1st, I'm always being told by the left that GW controls the Oil markets, ( psst... thats how he stole the last election remember? ) so are you now telling me GW hates John McCain so much that he would Sabotage his bid for the Whitehouse by allowing this to happen?

2nd, Hoping for financial hardship on fellow countrymen for the sake of votes is really wrong. I'm sure you don't actually feel that way but I read stuff like this and much worse everyday from people who really believe the the Ends justify the Means and have no issues with it.

Adamiscold · Post by **Adamiscold** » Wed. Oct. 22, 2008 8:58 am

Adam, this I don't understand.
1st, I'm always being told by the left that GW controls the Oil markets, ( psst... that's how he stole the last election remember? ) so are you now telling me GW hates John McCain so much that he would Sabotage his bid for the White House by allowing this to happen?

GW=George Washington? I'm not saying that Bush is against McCain, I'm just saying that Bush can't do anything to help him in these times. Heck Bush can't do anything to help himself.

2nd, Hoping for financial hardship on fellow countrymen for the sake of votes is really wrong. I'm sure you don't actually feel that way but I read stuff like this and much worse everyday from people who really believe the the Ends justify the Means and have no issues with it.

No I wish nothing but the best for our countrymen. All I'm saying is we have been here before and as soon as things start looking affordable again everyone seems to back off on going green. If we continued to go down the green path back in the 70's we wouldn't be we are now. Companies are now backing off and postponing investments in green technology because with the lower oil prices it's now not economically affordable for them to do so. We all know prices are going back up, they always do. I'm just saying do it now and get these companies investing in new green technologies and create jobs for people along the way and things can be more affordable for the people in the future.

ken · Post by **ken** » Wed. Oct. 22, 2008 10:41 am

the probelm with high oil , is most OPEC countrys import everything but oil. their dealing with double digit inflation over there. the people are not happy with it. a country with people not happy , is not a good thing for the goverment. oil will end up staying around $70 a barrel.

coalmeister · Post by **coalmeister** » Wed. Oct. 22, 2008 4:19 pm

rberq wrote:
sharkman8810 wrote:it will do huge damage to there own countries
Yes, it's a two-edged sword for OPEC, and cartels are notoriously hard to maintain because the higher the price is driven, the more incentive for individual producers to cheat. "Honor among thieves" has it's limits, fortunately.

I thought it was the lower the prices go the more likely they are to cheat

Must be they cheat on both ends!

BIG BEAM · Post by **BIG BEAM** » Wed. Oct. 22, 2008 4:38 pm

I don't know what all you guys a worried about.Looks like the Dems will soon be controling everything after the election.So we'll all be on EZ street! That's what I've been told anyway.

DON

NEPANewb · Post by **NEPANewb** » Thu. Oct. 23, 2008 8:31 am

"So we'll all be on EZ street! That's what I've been told anyway"

My sarcasm detector is pegged

slb04786 · Post by **slb04786** » Thu. Oct. 23, 2008 9:26 am

I just got my EFM 520 up and running last night. I hope it will be a long time before I ever burn a drop of the oil left in my tank. I hope those ba@#%rds have to use their diamond encrusted yachts to store their surplus oil in. I'm doing everything possible to get away from oil usage. I'm burning coal to save money but I'd still burn it even if it was even up in price. That's how PO'd I am with OPEC

coalmeister · Post by **coalmeister** » Thu. Oct. 23, 2008 11:12 am

I just heard OPEC members have tankers full of oil sitting around with no place to off load.

It's just breakin' my heart I tell ya.

Shall we take up a collection on this board? I will start by chipping in a bag of coal

Post by **coaledsweat** » Thu. Oct. 23, 2008 12:10 pm

Old Hugo is going to be in deep doo doo in Venezuala in short order, about 85% of his income is oil and the natives are restless already. He cannot cut production and think he will keep his post with the massive loss of income.

Duengeon master · Post by **Duengeon master** » Thu. Oct. 23, 2008 12:13 pm

BIG BEAM wrote:I don't know what all you guys a worried about.Looks like the Dems will soon be controling everything after the election.So we'll all be on EZ street! That's what I've been told anyway.

DON

I can't wait until Obama gets elected so I don't have to work anymore. Or pay my mortgage!

Ps I am on workmans comp already. I just need to stay out two more weeks and I'll have it made!

Screw Opec, Obama will save us all

coalmeister · Post by **coalmeister** » Thu. Oct. 23, 2008 12:24 pm

coaledsweat wrote:Old Hugo is going to be in deep doo doo in Venezuela in short order, about 85% of his income is oil and the natives are restless already. He cannot cut production and thinks he will keep his post with the massive loss of income.

Won't this be fun to sit back and watch him sweat. The silence may be deafening. Guess we won't be seeing any free propaganda heating oil in the NE this year.

Hugo has nothing to fall back on in bad times, while we on the other hand, we have Obama to fill us with hope.

Duengeon master · Post by **Duengeon master** » Thu. Oct. 23, 2008 12:30 pm

Hugo does have something to fall back on, US. We will undoubtably be forced by the Obama administration to send aid to Hugo.

Hang on to your wallets! That is the change that we will get from Obama.

jeromemsn · Post by **jeromemsn** » Thu. Oct. 23, 2008 1:15 pm

I believe that anyone that would want to be President would have to be nuts in this day and times. Our own financial system has done world wide damage to so many families that I'm afraid what other countries might do. We were supposed to be the best, well we were looks like, we took the rest of the world for everything they had and that still was not enough. They talk about Obama spreading the wealth, what do you think is going on right now with billions of our tax dollars going to fix this mess, who are the ones walking away with the cash.
I know we have not been voting for a President for too many years, but you would think by now that we could do better job than most 3rd world countries as far as voter fraud, sheesh.
We are nothing but sheep being herded to think the way they want.