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re: US running out of room to store oil; price collapse next?
Posted on 3/4/15 at 7:00 am to JudgeHolden
Posted on 3/4/15 at 7:00 am to JudgeHolden
A lot of things. Battery technology, superconducters, engine technology, and I'm sure some I haven't heard of. I'm not prescient enough to know which one or which several will be the breakthrough. If I did, I'd be investing in it. But it's coming.
1
Posted on 3/4/15 at 7:03 am to Jim Rockford
Ah! You are talking about it from the consumption side. Maybe.
Posted on 3/4/15 at 7:40 am to JudgeHolden
Suppliers, namely OPEC usually adjust production to meed demand. They aren't doing it right now and it's a long term ploy by the Saudis to hurt US production due to our higher raising costs, and to also poke the Russians in the eye.
Are these favors to Barry and the boys? You could argue both sides and I could believe either. An energy independent US isn't a bad thing and anyone that thinks otherwise is a moron. Fossil fuels are here to stay no matter how the much the left wants to think otherwise.
One a side note, WTF does gluten and Crossfit have to do with oil storage?
Are these favors to Barry and the boys? You could argue both sides and I could believe either. An energy independent US isn't a bad thing and anyone that thinks otherwise is a moron. Fossil fuels are here to stay no matter how the much the left wants to think otherwise.
One a side note, WTF does gluten and Crossfit have to do with oil storage?
This post was edited on 3/4/15 at 7:42 am
Posted on 3/4/15 at 7:41 am to yellowfin
quote:
Saudis haven't increased production
I didn't say they did. They have not reduced production to keep supplies short as US production has sharply risen. A cartel's objective is to keep prices inflated. Saudi has broken ranks with the other nations and have not reduced supply to keep pressure on pricing.
Posted on 3/4/15 at 7:59 am to bamarep
It's also a grab for market share. Fighting over who is going to be China's go to supplier.
Posted on 3/4/15 at 8:11 am to The First Cut
quote:
I didn't say they did. They have not reduced production to keep supplies short as US production has sharply risen.
sounds like we are the ones flooding the market
Posted on 3/4/15 at 11:13 am to yellowfin
quote:
sounds like we are the ones flooding the market
That can't be. Don't you know that "Big Oil" is only concerned with their profits.
Posted on 3/4/15 at 11:14 am to The First Cut
quote:
They have not reduced production
why should they?
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