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Started By
Message
Saudis say no to production cuts, oil down 4%
Posted on 2/23/16 at 2:27 pm
Posted on 2/23/16 at 2:27 pm
6
Posted on 2/23/16 at 2:28 pm to Jim Rockford
truck nuts
Posted on 2/23/16 at 2:28 pm to Jim Rockford
We should refuse to help when they get invaded again
Posted on 2/23/16 at 2:30 pm to Jim Rockford
Where are they putting it all?
This post was edited on 2/23/16 at 2:30 pm
Posted on 2/23/16 at 2:30 pm to CFDoc
Shipping all over the world baw
Posted on 2/23/16 at 2:31 pm to Nado Jenkins83
Where are the 2 million barrels per day that exceed demand going?
Posted on 2/23/16 at 2:32 pm to CFDoc
quote:
Where are the 2 million barrels per day that exceed demand going?
No one wants to be the one stops. That's why they're trying this hand holding, we'll all cap production together thing (which isn't happening).
ETA: misread, thought it said 'why' instead of 'where'
This post was edited on 2/23/16 at 2:34 pm
Posted on 2/23/16 at 2:34 pm to Jim Rockford
Why has the price of gas risen a nickel/gallon or so over the last week? (I'm in St Tammany)
Posted on 2/23/16 at 2:34 pm to CFDoc
quote:
Where are the 2 million barrels per day that exceed demand going?
Salt domes, storage facilities. A lot of it is sitting in tankers anchored in various offshore locations.
Posted on 2/23/16 at 2:35 pm to Jim Rockford
figures
Posted on 2/23/16 at 2:36 pm to White Roach
Saudi Arabia is doing this to prevent Iran from gaining wealth. They have spare cash, and want to weaken the Iranians.
Posted on 2/23/16 at 2:36 pm to White Roach
quote:
Why has the price of gas risen a nickel/gallon or so over the last week? (I'm in St Tammany)
Speculators cause this and it throws the market into a panic. Also, they anticipated that OPEC would at the very least simply maintain last month's production cuts. Sadly, they didn't.
Posted on 2/23/16 at 2:38 pm to Nado Jenkins83
quote:
We should refuse to help when they get invaded again
What do you think happened when we endorsed the removal of sanctions on Iran?
This post was edited on 2/23/16 at 3:05 pm
Posted on 2/23/16 at 2:40 pm to idlewatcher
quote:I can't believe anyone on the face of the earth would think that Iran was going to go for that Saudi/Russian proposal.
Also, they anticipated that OPEC would at the very least simply maintain last month's production cuts.
Posted on 2/23/16 at 2:44 pm to Kingpenm3
They won't cut production because they don't want to lose any of their market share. Also they can't afford to weather a financial downturn waiting on the demand to catch up with supply because they are busy funding terrorist organizations to overthrow Syria.
We need to bomb their refineries. These corrupt bastards have no interest in playing ball with the rest of the world.
We need to bomb their refineries. These corrupt bastards have no interest in playing ball with the rest of the world.
Posted on 2/23/16 at 2:46 pm to AgentUtah
quote:Should have stopped after your first sentence.
AgentUtah
Posted on 2/23/16 at 2:47 pm to CCTider
quote:
Saudi Arabia is doing this to prevent Iran from gaining wealth. They have spare cash, and want to weaken
Funny thing is they are going to bankrupt themselves trying to do so. Hell Saudi Aramco is contemplating going public due to this burden they have placed on themselves
Posted on 2/23/16 at 2:47 pm to TigerFred
Posted on 2/23/16 at 2:49 pm to Nado Jenkins83
quote:
We should refuse to help when they get invaded again
Again?
Posted on 2/23/16 at 2:50 pm to htownjeep
The terrorist part or the bombing refineries part? Lol
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