Posted on 12/04/2019 9:33:00 AM PST by Olog-hai
OPEC nations are facing the same challenge much of small town America is facing: Finding relevance in the 21st century.
Some will make it and some won’t. It will be very ugly, though.
Ping.
Just do an old fashioned BOGO sale. Everything MUST GO!
Gee, I wonder why the world is oversupplied with oil during the midst of a large economic upturn in the US? /s
Maybe they can pour some oil on their cornflakes in Iran.
The cartel is having problems controlling world oil markets. What a shame.
Sarcasm.
I thought we were going to run out of oil. That’s what they said back in 1978. I’m still waiting for the flying cars and the coastline to be under 30ft of water.
[[I thought we were going to run out of oil. That’s what they said back in 1978.]]
The iceage we went through in the 70’s in the US made drilling impossible, so we gots enough oil now- (Remember when we were all gonna die because of impending iceage because of man’s CO2? That never happened either-)
Been waiting forty years for this payback. Sweet!
Yeah, the Associated Press is all concerned about it.
Oil is EVERYWHERE ,it’s probably a byproduct from the Earth’s Core
Patiently waiting for that $2/gal. gas.
They should definitely do more production cuts so the price of oil stays relatively high. Because you know nobody in the U.S. or Russia would do anything as mean as ramping up production in response and making even more money.
The U.S. has no current sanctions directly targeting oil production in Venezuela. HERE is a list of current sanctions - note that even the ones on CITGO endpoint sales and the like have exceptions. The issue in Venezuela is a self-inflicted wound so deep that not even the Russians have been able to patch it. In one instance alone no less than $700 million simply disappeared from the balance sheet, never to be seen again. That's a little more than petty theft. Big corruption, big problem.
Me too why hasn’t the gas dropped?
Wow the overpopulation fear mongers were so absolutely wrong. And if electric cars take off won’t that also put price pressure on oil?
I hope the OPECerheads drown in it.
Peak Oil!!!!!
(or maybe not)
That’s a bit over simplified, but that is the case. It’s a renewable resource.
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