OPEC nations are crony markets. They don't follow the same rules as us self-righteous, law abiding stupid do gooder Americans do.
OPEC nations don't give a damn about their environment. And that makes it hard to compete when the prick feds block every opportunity for us to dominate commodities without some form of letter from mommy EPA.
OPEC nations only care about our money. Most would just soon see us wiped out or forced under Sharia law.
America only cares about cheap crap at the expense of their fellow citizens. Cheap electronics. Cheap cars. Cheap phones. Cheap oil. Most people would run over their fellow parishioners just to make it to service on time.
Only in America would we kill the geese that lay the golden eggs. News flash. There ARE no other geese at the moment. Show me the other geese if you're so damned smart.
It's time to tell the Saudi's to pound sand and take their stained oil and their Muslim asses somewhere else. Break them and you rule energy production. Time to break them, and we can... with the stroke of a pen.
On Tuesday, Obama and a 27 person USA delegation are flying to Saudi Arabia to pay their respects to the new King.
How much more do you think I should pay for gas?
Sorry. I'm here to pontificate. Low energy prices are good and healthy for everyone except oil patch.
Relax. The oil and gas will still be in the ground when the price next crowds $100/barrel, which it inevitably will. Meanwhile, I intend to enjoy filling my tank for $50 instead of $100, and being able to keep the old oil burner in the basement roaring enough to stay comfy while the gales of winter howl outside.
You are correct in your analysis of OPEC.
But, you are a little too concerned with our oil companies.
Yes, some companies will go out of business due to the Saudi manipulation.
Yes, Obama will use the EPA (latest emissions regulations) to push the base costs for our producers up, in order to protect islamic oil producers.
We must fight that.
But do not fret over our producers. Most will weather this storm.
It’s an old trick - undersell the competition until they go out of business. Once you’ve cornered the market, you can name your own price.
Too much pricing power in the hands of too few.
In a free market, etc. etc., but we’re talking OPEC here, not Adam Smith.
Guess Obama was right, once these small companies are done prices will be back up to his levels..
The most terrifying words in the English language are ‘I’m from the government and I’m here to help.’ - Ronald Reagan