The death of OPEC?

2008-09-11 08:25:06

#1

chittydog: less busy; +586|7254|Kubra, Damn it!

http://blogs.moneycentral.msn.com/topst … -opec.aspx

MSN wrote:
Saudi Arabia walked out on OPEC yesterday. It said it would not honor the cartel's production cut. It was tired of rants from Hugo Chavez of Venezuela and the well-dressed oil minister from Iran.

So MSN is predicting this could be the end of OPEC. It would be nice to get rid of the oil cartel, but I don't know that I believe this is really it. The Saudis have been at odds with OPEC over production volumes the last few months. They're trying to raise production to lower costs, everyone else loves the high price of oil now, and the revenue it generates, and wants to decrease output to keep it high.

Maybe the Saudis are finally making a friendly move towards their reluctant BFF America (the relationship has been pretty one-sided so far), but I believe they don't give a crap about the economic pain we're experiencing. They're smart enough to see how fast everyone's jumping on the hybrid/alternative fuel bandwagon and know they're days are numbered otherwise. What the hell would Saudi Arabia export if no one wanted oil? Oppression of women? Sand? No thanks.

2008-09-11 08:27:53

#2

SEREVENT: MASSIVE G STAR; +605|6527|Birmingham, UK

I thought the whole point of OPEC was to "Whereever possible, rise the price" or something...

It was in my World Encyclopedia

2008-09-11 08:31:36

#3

Kmar: Truth is my Bitch; +5,695|7020|132 and Bush

Owned

Xbone Stormsurgezz

2008-09-11 08:32:00

#4

Agent_Dung_Bomb: Member; +302|7155|Salt Lake City

I think you hit the nail on the head. Everyone else wants to keep prices high for the extra cash, but the Saudis know people won't tolerate this forever. Higher prices will lead people to find alternatives to oil, and they know they have nothing else to offer. Unlike the UAE that are expanding and trying to get an international business/tourist industry, they have one thing only...oil exports.

2008-09-11 08:33:07

#5

chittydog: less busy; +586|7254|Kubra, Damn it!

SEREVENT wrote:
I thought the whole point of OPEC was to "Whereever possible, rise the price" or something...

It was in my World Encyclopedia

I'm sure that policy worked at some point. But oil has gone up something like 500% in the past 10 years and now they've pushed their luck too far. Alternative fuel sources was a topic for hippies until just recently. Now everyone's getting in on the action.

Last edited by chittydog (2008-09-11 08:33:30)

2008-09-11 08:34:09

#6

ghettoperson: Member; +1,943|7068

What's that going to do to the price of oil?

2008-09-11 08:35:22

#7

chittydog: less busy; +586|7254|Kubra, Damn it!

ghettoperson wrote:
What's that going to do to the price of oil?

Competition should drop the price of oil nice and low. If this really happens, I'm guessing we could see gas prices cut drastically.

2008-09-11 08:39:37

#8

SEREVENT: MASSIVE G STAR; +605|6527|Birmingham, UK

chittydog wrote:
ghettoperson wrote:
What's that going to do to the price of oil?
Competition should drop the price of oil nice and low. If this really happens, I'm guessing we could see gas prices cut drastically.

Isn't gas gonna run out in like 20 years, oil in about 50-75 and coal in about 300 years?

People are starting to use more gas though...

2008-09-11 08:43:44

#9

chittydog: less busy; +586|7254|Kubra, Damn it!

SEREVENT wrote:
chittydog wrote:
ghettoperson wrote:
What's that going to do to the price of oil?
Competition should drop the price of oil nice and low. If this really happens, I'm guessing we could see gas prices cut drastically.
Isn't gas gonna run out in like 20 years, oil in about 50-75 and coal in about 300 years?

People are starting to use more gas though...

Sorry, by "gas" I meant gasoline/petrol. I've heard that oil will run out in that time frame, but haven't heard anything about gas or coal. Makes sense though, it's hard to support 6 or 7 billion people with a finite resource. Hopefully the superefficient solar cells they're working on will be ready on schedule (5-10 years) and fossil fuels will become worthless. They'll be just about getting those off-shore drilling rigs online, nice waste of taxpayer money there.

2008-09-11 08:44:20

#10

Varegg: Support fanatic :-); +2,206|7229|Nårvei

Oil resources will be drastically reduced in 20 years unless new big finds comes along ... Gas is the new oil tbh and will last for awhile longer ... coal i don't know ...

Wait behind the line ..............................................................

2008-09-11 09:13:15

#11

Mekstizzle: WALKER; +3,611|7040|London, England

What? Is this real or a hypothetical scenario? I can't find anywhere else that says that SA has left OPEC.

2008-09-11 09:18:13

#12

usmarine: Banned; +2,785|7181

lol....so long arabs. back to the stone ages for you in a couple decades. hope it was fun raping everyone. now bend over assholes.

2008-09-11 09:22:15

#13

ATG: Banned; +5,233|6948|Global Command

Happy dance.

2008-09-11 09:23:04

#14

usmarine: Banned; +2,785|7181

i hope it does happen. thats what they get. fuck'em. go roam the desert looking for something else to sell now.

2008-09-11 09:26:18

#15

m3thod: All kiiiiiiiiinds of gainz; +2,197|7091|UK

Mek-Stizzle wrote:
What? Is this real or a hypothetical scenario? I can't find anywhere else that says that SA has left OPEC.

Saudi hasn't left OPEC outright. They have just walked out one of their many meetings where they band together and suck each other cocks.

Blackbelts are just whitebelts who have never quit.

2008-09-11 09:34:13

#16

m3thod: All kiiiiiiiiinds of gainz; +2,197|7091|UK

.....But already it seems unlikely that Saudi Arabia, the oil-exporting cartel's biggest producer, would choose to brazenly flout the guidelines and risk an open rift with the group.

http://www.forbes.com/markets/2008/09/1 … ets20.html

Blackbelts are just whitebelts who have never quit.

2008-09-11 11:08:48

#17

ghettoperson: Member; +1,943|7068

chittydog wrote:
ghettoperson wrote:
What's that going to do to the price of oil?
Competition should drop the price of oil nice and low. If this really happens, I'm guessing we could see gas prices cut drastically.

Fuck. *sells stocks*

2008-09-11 11:14:12

#18

Beduin: Compensation of Reactive Power in the grid; +510|6169|شمال

usmarine wrote:
lol....so long arabs. back to the stone ages for you in a couple decades. hope it was fun raping everyone. now bend over assholes.

Raping everyone?
Wtf are you talking about?

الشعب يريد اسقاط النظام
...show me the schematic

2008-09-11 11:21:43

#19

ghettoperson: Member; +1,943|7068

Beduin wrote:
usmarine wrote:
lol....so long arabs. back to the stone ages for you in a couple decades. hope it was fun raping everyone. now bend over assholes.
Raping everyone?
Wtf are you talking about?

I think he means metaphorically speaking. I know I certainly haven't been raped by any Arabs of late.

2008-09-11 11:22:47

#20

chittydog: less busy; +586|7254|Kubra, Damn it!

ghettoperson wrote:
chittydog wrote:
ghettoperson wrote:
What's that going to do to the price of oil?
Competition should drop the price of oil nice and low. If this really happens, I'm guessing we could see gas prices cut drastically.
Fuck. *sells stocks*

A-ha! So you were one of the speculators that drove up oil prices. Die, you speculating monster!

2008-09-11 11:27:46

#21

ghettoperson: Member; +1,943|7068

Not quite, I have some BP stocks from years ago.

2008-09-11 11:29:10

#22

Beduin: Compensation of Reactive Power in the grid; +510|6169|شمال

ghettoperson wrote:
Beduin wrote:
usmarine wrote:
lol....so long arabs. back to the stone ages for you in a couple decades. hope it was fun raping everyone. now bend over assholes.
Raping everyone?
Wtf are you talking about?
I think he means metaphorically speaking. I know I certainly haven't been raped by any Arabs of late.

He means the fat olie shaieks in middleeast. What he don't know is that big fat white american cocks fucked him and everyone else too.
Not only arabs that is involved in this business.

But yeah, I agree with back to stone age. Hell, many arab countries ARE in a stone age now, so no difference there.

الشعب يريد اسقاط النظام
...show me the schematic

2008-09-11 11:32:47

#23

ghettoperson: Member; +1,943|7068

Beduin wrote:
ghettoperson wrote:
Beduin wrote:

Raping everyone?
Wtf are you talking about?
I think he means metaphorically speaking. I know I certainly haven't been raped by any Arabs of late.
He means the fat olie shaieks in middleeast. What he don't know is that big fat white american cocks fucked him and everyone else too.
Not only arabs that is involved in this business.

But yeah, I agree with back to stone age. Hell, many arab countries ARE in a stone age now, so no difference there.

Ah I see what you mean. Yes, the fucking is a fairly international event, no question about it. And presumably it can't have been that beneficial to the Arabs otherwise the Saudi's would have stayed in OPEC.

2008-09-11 11:47:14

#24

chittydog: less busy; +586|7254|Kubra, Damn it!

ghettoperson wrote:
Beduin wrote:
ghettoperson wrote:

I think he means metaphorically speaking. I know I certainly haven't been raped by any Arabs of late.
He means the fat olie shaieks in middleeast. What he don't know is that big fat white american cocks fucked him and everyone else too.
Not only arabs that is involved in this business.

But yeah, I agree with back to stone age. Hell, many arab countries ARE in a stone age now, so no difference there.
Ah I see what you mean. Yes, the fucking is a fairly international event, no question about it. And presumably it can't have been that beneficial to the Arabs otherwise the Saudi's would have stayed in OPEC.

They haven't left yet. We'll see what happens in the end. I'd love to see the oil industry become competitive, but even with the clout the Saudis have, the pressure from the other members may be too great for them to leave.

BF2S Forums The death of OPEC?

MSN wrote:

SEREVENT wrote:

ghettoperson wrote:

chittydog wrote:

ghettoperson wrote:

SEREVENT wrote:

chittydog wrote:

ghettoperson wrote:

Mek-Stizzle wrote:

chittydog wrote:

ghettoperson wrote:

usmarine wrote:

Beduin wrote:

usmarine wrote:

ghettoperson wrote:

chittydog wrote:

ghettoperson wrote:

ghettoperson wrote:

Beduin wrote:

usmarine wrote:

Beduin wrote:

ghettoperson wrote:

Beduin wrote:

ghettoperson wrote:

Beduin wrote:

ghettoperson wrote:

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