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To: blam

Die OPEC!


3 posted on 12/18/2014 10:11:18 AM PST by petercooper (Liberalism = Amnesty = Open Borders = Illegal Immigration = Ebola = Obama)
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To: petercooper
"Die OPEC!" Budgets for oil producing countries and what happens when the price of oil drops. Price per barrel at this time, $56.16.


5 posted on 12/18/2014 10:22:37 AM PST by Grampa Dave (The Democrats, who run America are too old, too rich, and too very/very white elitist losers!.)
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To: petercooper

Do you understand that OPEC is essentially doing nothing, because they cannot reach agreement among themselves? Most want to cut production but that takes a unanimous vote.

I see it as a good thing that they cannot effectively control the cartel and manipulate the price.


6 posted on 12/18/2014 10:23:42 AM PST by thackney (life is fragile, handle with prayer.)
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To: petercooper

The Saudis are doing this on purpose. This isn’t market driven. This is economic war against the Russian/Iranian axis.


12 posted on 12/18/2014 10:37:53 AM PST by RinaseaofDs
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