OPEC May Be Doomed. How Did It Happen?
Feb 19, 2015 11:57:25 #
OPEC May Be Doomed. How Did It Happen?
02/18/2015 03:23 AM
Source: The Daily Caller
by: Michael Bastasch
As of Tuesday, the national average gasoline price stood at $2.26 per gallon. Thats about one dollar less than prices from the same time last year, according to AAA Fuel Gauge. Gas has rebounded in recent weeks because of higher oil prices, refinery maintenance and union strikes, but the low prices are part of a much larger story playing out right now a story that could mean the end of OPEC as we know it.
How did the world get to such a place? A shale boom, miscalculation by OPEC and a realignment of oil prices seem poised to forever change the way oil business is done. Regardless of how the oil price plunge plays itself out, it has sent a chilling message to OPEC member states.
Bottom line: The international oil cartel wont be able to wield the same influence over oil markets as it has in the past. - See more at: http://americanactionnews.com/articles/opec-is-likely-doomed-and-this-is-how-it-happened#sthash.5JuvNL58.dpuf
02/18/2015 03:23 AM
Source: The Daily Caller
by: Michael Bastasch
As of Tuesday, the national average gasoline price stood at $2.26 per gallon. Thats about one dollar less than prices from the same time last year, according to AAA Fuel Gauge. Gas has rebounded in recent weeks because of higher oil prices, refinery maintenance and union strikes, but the low prices are part of a much larger story playing out right now a story that could mean the end of OPEC as we know it.
How did the world get to such a place? A shale boom, miscalculation by OPEC and a realignment of oil prices seem poised to forever change the way oil business is done. Regardless of how the oil price plunge plays itself out, it has sent a chilling message to OPEC member states.
Bottom line: The international oil cartel wont be able to wield the same influence over oil markets as it has in the past. - See more at: http://americanactionnews.com/articles/opec-is-likely-doomed-and-this-is-how-it-happened#sthash.5JuvNL58.dpuf
Feb 19, 2015 12:26:07 #
eagleye13 wrote:
OPEC May Be Doomed. How Did It Happen? br br 02/1... (show quote)
Lots of luck. Regular gas just hit $2.85 a gallon yesterday, I saw them changing the sign up from $2.75, and that's at the cheap store, not the Enron or Exxon.
War is brewing up fast in the Middle East, and oil production is going to take a bigger and bigger hit the more the war grows. The OPEC nations are going to band together tighter than ever because of this, watch and see.
Feb 19, 2015 12:37:14 #
Yep;
Just realize that OPEC has been a partner with US Big Oil in raising the price of crude from $12 per barrel to where it has gone up to..
All the while keeping America under the thumb of foreign oil supplies.
They have been picking our pockets for decades, and both the D's and R's are partners in this.
Just realize that OPEC has been a partner with US Big Oil in raising the price of crude from $12 per barrel to where it has gone up to..
All the while keeping America under the thumb of foreign oil supplies.
They have been picking our pockets for decades, and both the D's and R's are partners in this.
B****sheep wrote:
Lots of luck. Regular gas just hit $2.85 a gallon yesterday, I saw them changing the sign up from $2.75, and that's at the cheap store, not the Enron or Exxon.
War is brewing up fast in the Middle East, and oil production is going to take a bigger and bigger hit the more the war grows. The OPEC nations are going to band together tighter than ever because of this, watch and see.
War is brewing up fast in the Middle East, and oil production is going to take a bigger and bigger hit the more the war grows. The OPEC nations are going to band together tighter than ever because of this, watch and see.
Feb 19, 2015 12:45:47 #
eagleye13 wrote:
Yep;
Just realize that OPEC has been a partner with US Big Oil in raising the price of crude from $12 per barrel to where it has gone up to..
All the while keeping America under the thumb of foreign oil supplies.
They have been picking our pockets for decades, and both the D's and R's are partners in this.
Just realize that OPEC has been a partner with US Big Oil in raising the price of crude from $12 per barrel to where it has gone up to..
All the while keeping America under the thumb of foreign oil supplies.
They have been picking our pockets for decades, and both the D's and R's are partners in this.
No argument there. The thing is, Obama is on the side of Sunni Muslims everywhere, and Saudi Arabia is mostly Sunni. The Saudi's control the price of oil, they're the ones who helped the price decline by refusing to lower production and squeeze the market back up. Their story is they don't want to lose market share, but come on, who's going to replace them, Venezuela?
Who knows? ISIS may cause OPEC to fall apart and you may be proven right.
Feb 19, 2015 13:06:54 #
Keeping America dependent on foreign oil was the agenda.
It really got going under Carter; the peanut farmer from Georgia. Rockefeller put him in office, with Zbig Brzezinski being his chief security adviser (now there to advise Obama also).
Zbigniew Brzezinski formed Trilateral Commission for David Rockefeller in 1973, and Jimmy Carter was made a founding member. Jimmy Carter became President, & ZB was installed as Carter's National Security Adviser.
ZB - Referring to the rivalry between the USSR and the United States The eventual outcome of the competition is however, foreordained, given the inherent superiority of the c*******t system 'Between Two Ages' (1970 - p.146)
It really got going under Carter; the peanut farmer from Georgia. Rockefeller put him in office, with Zbig Brzezinski being his chief security adviser (now there to advise Obama also).
Zbigniew Brzezinski formed Trilateral Commission for David Rockefeller in 1973, and Jimmy Carter was made a founding member. Jimmy Carter became President, & ZB was installed as Carter's National Security Adviser.
ZB - Referring to the rivalry between the USSR and the United States The eventual outcome of the competition is however, foreordained, given the inherent superiority of the c*******t system 'Between Two Ages' (1970 - p.146)
B****sheep wrote:
No argument there. The thing is, Obama is on the side of Sunni Muslims everywhere, and Saudi Arabia is mostly Sunni. The Saudi's control the price of oil, they're the ones who helped the price decline by refusing to lower production and squeeze the market back up. Their story is they don't want to lose market share, but come on, who's going to replace them, Venezuela?
Who knows? ISIS may cause OPEC to fall apart and you may be proven right.
Who knows? ISIS may cause OPEC to fall apart and you may be proven right.
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