Article

2016-03-05 Economy

Oil output freeze - meaningless, says US expert

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Posted by Steve White 2016-03-05 00:00|| || Front Page|| [9 views ] Top

#1 Gasoline jumped 40 cents a gallon last couple weeks in Chicago. That's some sentiment...

It's called supply and demand. The new demand is the now authorized export market. You are now competing against the world. First you shipped your jobs and employment overseas. Now something as fundamental as energy is now open to world demand. You compete with a hungry giant of China and disruptions in other geographical locations. Your product will sell well and at the highest price it can be got. It was a nice honeymoon while it lasted.

Posted by Procopius2k 2016-03-05 07:51|| 2016-03-05 07:51|| Front Page Top

#2 ProK, the U.S. Is the largest exporter of fuels on the planet, should we keep that at home too and remove any profit incentive from refining? Coal, should we keep that unused at home as well? Our ideas, keep them at home where they are too expensive to build?

We do have farmland tho, how do you feel about corn and wheat exports? Why should the rest of the world free ride off our agricultural efficiency? It's time for an export tax on grains, the government will buy any surplus at half the market rate.

Posted by Shipman 2016-03-05 08:56|| 2016-03-05 08:56|| Front Page Top

#3 The biggest over producers? Snort. Idiot.

Posted by Sven the pelter 2016-03-05 09:04|| 2016-03-05 09:04|| Front Page Top

#4 Doc, much of the recent price increase is probably due to refinery 'turnaround' - scheduled maintenance work generally done at time of lowest demand, which is now for many markets.

Posted by Glenmore 2016-03-05 11:40|| 2016-03-05 11:40|| Front Page Top

#5 Not against exports. Shipping oil helps balance all the imports of plastic trinkets. Just be prepared to pay the price.

Posted by Procopius2k 2016-03-05 17:07|| 2016-03-05 17:07|| Front Page Top

#6 It is my opinion that the current oil prices are mainly the result of Saudi Arabia and the major international oil cartel's attempt to destroy not only the Canadian oil tar sands industry, but also the U.S. oil fracking industry, but more than anything the small independent oil companies in the U.S.

A short summery of my research and reasoning can be read here:
Saudi Arabia and Oil Supply and Demand

Posted by junkiron 2016-03-05 19:30|| 2016-03-05 19:30|| Front Page Top

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