[freebilly]

"Low oil prices are very dangerous for the world economy," said Mohamed Bin Dhaen Al Haml

Mohamed Bin dreaming....

[nhwingut]

Mohammed Bin Propaganda from the Arab sheiks.

[cripplecreek]

"Low oil prices are very dangerous for the world economy," said Mohamed Bin Dhaen Al Hamli,

It's especially dangerous to the middle eastern economy. Imagine the threat posed by domestic drilling here.

[freebilly]

Mr. Birol said falling oil prices will also deter investment in alternative energy... Lower oil prices are "not good news for climate change," he said.

Translation: "Lower oil prices mean I'm not making as much dough"....

[FreedomProtector]

OPEC killed themselves...the price went high enough to dramatically alter peoples behavior....people now want smaller cars, live closer to work, in the habit of planning their trips more carefully, companies on 4 day work weeks to save gas, telecommuting, etc etc etc...even if the price goes low again the wheels are already in motion to find ways to cut back....

[Grampa Dave]

“Low oil prices are very dangerous for the world economy,” said Mohamed Bin Dhaen Al Hamli, the United Arab Emirates’ energy minister, speaking Tuesday at an oil-industry conference in London. “We need an adequate and... “

There has never been a shortage of oil. Just too much power and money in control of the Opecker Thugs/Princes, Green anti oil and capitalism thugs and of course our rat politicians who love high oil prices and the donations from their Opecker Thugs and Princes.

[TLI]

Currently $66.00 and change. Which is plenty.

Mr. Mohamed Bin Dhaen Al Hamli needs to quit his whining and get back to work.

[Bratch]

[mlocher]

With prices now languishing, he said, "a lot of projects that are in the pipeline are going to be reassessed."

Maybe if they get the damn projects out of the pipeline, then the oil will flow more easily.

[headstamp 2]

“Low oil prices are very dangerous for the world economy,” said Mohamed Bin Dhaen Al Hamli, the United Arab Emirates’ energy minister, speaking Tuesday at an oil-industry conference in London. “We need an adequate and reasonable oil price that will continue to stimulate investment.” With prices now languishing, he said, “a lot of projects that are in the pipeline are going to be reassessed.”

Prices are “languishing” at $60.00? Let them choke on it for awhile like we had to for the past 2+ years. $60 is still high.

[misterrob]

This is something that people should be concerned with. With no incentive to drill the oil companies will simply shelve projects and cut marginally unprofitable projects. If the economy gets going again then oil price spikes can occur if there are not enough wells and refineries pumping affordable oil/gas.

We need to get after the supplies that are cheaper to drill and pump.

[fella]

The only reason OPEC has driven the fuel price down is to get the high cost of gasoline of the TV so that it’s not an issue against their candidate. As soon as the election is over and our RAT congress bans our producing our own fuel they’ll drive it right through the roof.

[thecabal]

So lemme get this straight: he says we gotta have high oil prices to save us from high oil prices?

[tatsinfla]

i was surprised to find this morning that the local exxon/mobil station here in lake mary had gone from 2.59 to 2.61 over nite.....what is up with that...??

[bestintxas]

Low prices are what will hammer the free-spending Arab Leaders as they will not be able to have the handouts to their people as they ahve been doing. They are frightened.

The one who should be most frightened is Chavez who has savagely attacked the Venezuelan oil industry and provided ultra-cheap crude to citizens and neighbors.

Look for him to take sanctuary in Cuba when the mobs demand his head.

[Revel]

Propaganda.

They are intentionally reducing output of refined product so that they scalp more profits.

The government is intentionally destroying the value of the dollar. Besides all the spending on buying worthless investment paper they are now deliberately destroying the dollar through currency intervention to help exports. Last night the dollar index had it biggest drop since 1985.

Of course oil is going to go up.

[101voodoo]

"Industry executives warn that could mean the world will face a dramatic ramping up of prices as soon as the global economy, and demand, begins to rebound."

No sh*t Captain Obvious, ya think?

[CharacterCounts]

The global economic slowdown has driven down demand for oil, pushing crude prices to levels not seen since the spring of 2007.

Like the 150% inflation in oil prices in 14 months was a good thing! It contributed in a major way to our current economic problems and sent billions of dollars to the Mideast.

[Old Professer]

After peaking at $69.47, now down to $67.43. Still $5.00 up from yesterday’s close.

[1COUNTER-MORTER-68]

bttt