OPEC falls on hard times!

bookworm_020 · 11-27-08, 10:23 PM

They must be getting worried! they can see Billions in lost income, and there is no bright spot on the horizon!

http://www.theaustralian.news.com.au...-36375,00.html

nikimcbee · 11-27-08, 11:26 PM

So they won't be able to build more ski resorts in saudi arabia.

Kapitan_Phillips · 11-28-08, 04:14 AM

What goes around, comes around

Skybird · 11-28-08, 06:21 AM

Don't laugh too early. the plummeting oil prices are directly caused by falling demands due to the finacial crisis - which had nothign to do with oil. I do not know how long the global recession will last, and whether or not it will even turn into deflation at least in some countries, but once nations eventually have managed to get out of the valley of tears, oil demand will skyrocket again, to the levels we had in spirng and summer, and beyond. The oil price is down again due to the economic worries. Once the economy recovers, you won't laugh about oil prices that much anymore.

AVGWarhawk · 11-28-08, 07:37 AM

Skybird is right. Oil will go up again. It is the nature of the beast. OPEC can fix a price if they want or slow production creating a better paying market. Feal like a puppet on a string? Until then, enjoy the savings and do not change your driving habits as a result of cheap gas. $4.00/gallon will happen again.

MothBalls · 11-28-08, 11:17 AM

I don't have much sympathy for the OPECers.

I think the end result of the last round of price gouging will be the development of alternative energy sources and eventually the only thing they'll have to offer the open market is pounded sand.

I just hope the world learned the lesson this time and doesn't base the cost of alternative energies on a $20 barrel of oil, but on the $150 barrel it will return to.

DeepIron · 11-28-08, 11:24 AM

Well, I hope that if/when oil prices return to their "stick it in your as*" price levels, that consumers and the transportation industry as a whole will have learned something.

I did and I for one will be purchasing a Prius next spring...

Frame57 · 11-28-08, 02:00 PM

Any other product it seems it works differently. It is cheaper for me to buy paint in a 5 gallon bucket than it is to buy it in one gallon buckets. The higher the quantity usually the the cost is less. Except for Oil! Too bad for those greedy bastards! the world should boycott as much as possible petroleum products even while prices are low.

Hylander_1314 · 11-28-08, 02:28 PM

This guy seems to have a pretty good idea of how the oil debacle came into being, and where it's headed.

http://video.google.com/videoplay?do...74697167011147

caspofungin · 12-02-08, 12:51 PM

the opec countries make some serious dosh. the only people who make more are the companies that buy the oil, refine it, and sell the petrochemicals at an even higher rate. so the reason/blame for high gas prices should be shared between opec and the petrochemical industries.

FIREWALL · 12-02-08, 01:09 PM

Imo opec should get as much as they can for the one and only export they have. Their tap will run dry someday.

It's the Oil companys that are the bloodsuckers.

They haven't built a new refinery in over 20 yrs.

They control the finished product and price.

Someday the only thing opec will have to sell is SAND and So. Cal will buy it for our beaches. :p :rotfl:

11-27-08, 10:23 PM	#1
bookworm_020 Navy Seal Join Date: Aug 2005 Location: Sinking ships off the Australian coast Posts: 5,966 Downloads: 1 Uploads: 0	OPEC falls on hard times! They must be getting worried! they can see Billions in lost income, and there is no bright spot on the horizon! http://www.theaustralian.news.com.au...-36375,00.html __________________ "There is always one person in any organization who knows whats going on, That person must be fired"

11-27-08, 11:26 PM	#2
nikimcbee Fleet Admiral Join Date: Jul 2003 Location: Patroling the Slot. Posts: 17,927 Downloads: 90 Uploads: 0	So they won't be able to build more ski resorts in saudi arabia. __________________

11-28-08, 04:14 AM	#3
Kapitan_Phillips Silent Hunter Join Date: Jul 2005 Location: Swansea Posts: 3,902 Downloads: 203 Uploads: 0	What goes around, comes around __________________ Well, here's another nice mess you've gotten me into.

11-28-08, 06:21 AM	#4
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 41,247 Downloads: 9 Uploads: 0	Don't laugh too early. the plummeting oil prices are directly caused by falling demands due to the finacial crisis - which had nothign to do with oil. I do not know how long the global recession will last, and whether or not it will even turn into deflation at least in some countries, but once nations eventually have managed to get out of the valley of tears, oil demand will skyrocket again, to the levels we had in spirng and summer, and beyond. The oil price is down again due to the economic worries. Once the economy recovers, you won't laugh about oil prices that much anymore. __________________ If you feel nuts, consult an expert.

11-28-08, 07:37 AM	#5
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 27,825 Downloads: 90 Uploads: 0	Skybird is right. Oil will go up again. It is the nature of the beast. OPEC can fix a price if they want or slow production creating a better paying market. Feal like a puppet on a string? Until then, enjoy the savings and do not change your driving habits as a result of cheap gas. $4.00/gallon will happen again. __________________ “You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road Last edited by AVGWarhawk; 11-28-08 at 07:38 AM.

11-28-08, 11:17 AM	#6
MothBalls Ace of the Deep Join Date: Aug 2006 Posts: 1,012 Downloads: 20 Uploads: 0	I don't have much sympathy for the OPECers. I think the end result of the last round of price gouging will be the development of alternative energy sources and eventually the only thing they'll have to offer the open market is pounded sand. I just hope the world learned the lesson this time and doesn't base the cost of alternative energies on a $20 barrel of oil, but on the $150 barrel it will return to.

11-28-08, 11:24 AM	#7
DeepIron Sea Lord Join Date: Aug 2007 Location: Too far from the Pacific right now... Posts: 1,634 Downloads: 0 Uploads: 0	Well, I hope that if/when oil prices return to their "stick it in your as" price levels, that consumers and the transportation industry as a whole will have learned something. I did and I for one will be purchasing a Prius next spring... __________________ RFB / RSRDC Beta Tester RFB / RSRDC Modding Forum: http://forum.kickinbak.com/index.php RFB Top Post link: http://www.subsim.com/radioroom/showthread.php?t=125529 RFB Loadout: RFB_V1.52_102408: RFB_V1.52_Patch_111608: RSRDC_RFBv15_V396 Last edited by DeepIron; 11-28-08 at 11:25 AM.*

11-28-08, 02:00 PM	#8
Frame57 Sea Lord Join Date: May 2008 Location: 1300 feet on the crapper Posts: 1,860 Downloads: 2 Uploads: 0	Any other product it seems it works differently. It is cheaper for me to buy paint in a 5 gallon bucket than it is to buy it in one gallon buckets. The higher the quantity usually the the cost is less. Except for Oil! Too bad for those greedy bastards! the world should boycott as much as possible petroleum products even while prices are low.

11-28-08, 02:28 PM	#9
Hylander_1314 Sea Lord Join Date: May 2006 Location: 5 Miles Inland West Of Lake Huron Posts: 1,936 Downloads: 139 Uploads: 0	This guy seems to have a pretty good idea of how the oil debacle came into being, and where it's headed. http://video.google.com/videoplay?do...74697167011147 __________________ A legislative act contrary to the Constitution is not law. -John Marshall Chief Justice of the Supreme Court ---------------------

12-02-08, 12:51 PM	#10
caspofungin Commander Join Date: Apr 2005 Posts: 459 Downloads: 41 Uploads: 0	the opec countries make some serious dosh. the only people who make more are the companies that buy the oil, refine it, and sell the petrochemicals at an even higher rate. so the reason/blame for high gas prices should be shared between opec and the petrochemical industries.

12-02-08, 01:09 PM	#11
FIREWALL Eternal Patrol Join Date: Mar 2006 Location: CATALINA IS. SO . CAL USA Posts: 10,108 Downloads: 511 Uploads: 0	Imo opec should get as much as they can for the one and only export they have. Their tap will run dry someday. It's the Oil companys that are the bloodsuckers. They haven't built a new refinery in over 20 yrs. They control the finished product and price. Someday the only thing opec will have to sell is SAND and So. Cal will buy it for our beaches. :p :rotfl: __________________ RIP FIREWALL I Play GWX. Silent Hunter Who ??? Last edited by FIREWALL; 12-02-08 at 01:11 PM.