- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Oil prices past 10 years graph question.
Posted on 1/14/16 at 12:09 pm to The First Cut
Posted on 1/14/16 at 12:09 pm to The First Cut
quote:So what I'm understanding from you and Slackster's post is a robust world economy coupled with the many actions in Nigeria, Iraq, Scotland etc. caused a slight shortage, thus demand was greater than supply. Makes sense.
100% incorrect. The price spiked on high demand and limited capacity (outside of the OPEC cartel). Obama and the democrats said we couldn't drill our way out of the shortage and they were dead wrong. Domestic producers substantially increased production, mosty through fracking, and Saudi lost market share. Saudi has kept their foot on the production throttle the regain their share and now the world is awash with more oil than it needs. It is exactly, supply and demand.
0
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News