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2008-10-24 International-UN-NGOs
OPEC ministers cut output at meeting
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Posted by ed 2008-10-24 06:52|| || Front Page|| [1 views ]  Top

#1 and no cheating. Right? Riiigghhtt?
Posted by Frank G">Frank G  2008-10-24 08:55||   2008-10-24 08:55|| Front Page Top

#2 You have no idea the amount of people who are hurting becouse of decisions like this. Countrys like Nicaragua, Central America, are seen there basic needs, like food, water and energy prices go in so high it is becaming imposible for them to purchase all of them. people are actually suffering. i cant even imagineg how it must be in countries from africa.
Posted by Rodrigo Hernandez 2008-10-24 10:25||   2008-10-24 10:25|| Front Page Top

#3 ...and I have co-workers that do not understand the relationship between supply and prices. Dhimmicrats, of course......
Posted by Deadeye Crotch7934 2008-10-24 10:47||   2008-10-24 10:47|| Front Page Top

#4 RH: You have no idea the amount of people who are hurting becouse of decisions like this. Countrys like Nicaragua, Central America, are seen there basic needs, like food, water and energy prices go in so high it is becaming imposible for them to purchase all of them. people are actually suffering. i cant even imagineg how it must be in countries from africa.

Actually, I think it's energy prices that drive all the other prices. Stuff needs to be transported to where it's being used, and oil features in the transportation segment. My feeling is that oil demand will plunge by tens of millions of barrels, and there is nothing OPEC can do about that.
Posted by Zhang Fei 2008-10-24 10:55|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com]  2008-10-24 10:55|| Front Page Top

#5 It won't go below $65 for very long. It should stabilize at somewhere around $65 barring any major confrontation in the ME.
Posted by crosspatch 2008-10-24 12:07||   2008-10-24 12:07|| Front Page Top

#6 One consequence of oil at 150$ is that it made virtually impossible to attack Iran since that would push oil to 300$. But with oil at 65 and falling...
Posted by JFM">JFM  2008-10-24 12:25||   2008-10-24 12:25|| Front Page Top

#7 This is a good time for the political leadership to affirm support for automobile downsizing and electrification, and price protected domestic production.
Posted by ed 2008-10-24 13:01||   2008-10-24 13:01|| Front Page Top

#8 #7 This is a good time for the political leadership to affirm support for automobile downsizing and electrification, and price protected domestic production.

Bullshit. We have enough socialized government meddling in the affairs of businesses as it is. What we need is domestic drilling, domestic refining, and domestic distribution of refined products. We also need nuclear power plants - about 75 of them. We need, until those nuke plants come online, about 100 clean-coal power plants. We also need a muzzle on the EPA, and someone to stand up to the entire government and reaffirm that anthropomorphic global warming is a myth that needs to be thoroughly discredited. If that takes breaking a few heads (Algore and company), so be it. We need to tell OPEC they can take their production control and insert it in the appropriate body orifice.
Posted by Old Patriot">Old Patriot  2008-10-24 15:28|| http://oldpatriot.blogspot.com/]">[http://oldpatriot.blogspot.com/]  2008-10-24 15:28|| Front Page Top

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