Posted on 10/11/2017 9:29:04 AM PDT by Hostage
NEW DELHI (Reuters) - OPEC’s Secretary General Mohammed Barkindo on Tuesday called on U.S. shale oil producers to help curtail global oil supply, warning extraordinary measures might be needed next year to sustain the rebalanced market in the medium to long term.
“We urge our friends, in the shale basins of North America to take this shared responsibility with all seriousness it deserves, as one of the key lessons learnt from the current unique supply-driven cycle,” said Barkindo.
(Excerpt) Read more at reuters.com ...
Sorry - an economic engine benefits from low energy prices. A desert, not so much.
So KMA.
More WINNING!
Yeah, so they can extract millions from us like they did during OBAMA? Nope, sorry folks, we’ll let the market set the cap and if you folks at OPEC go out of business, your fault. YOUR capping the supply, increasing the cost (and your profitability) is what made shale production feasible. Your problem, not ours.
Go eat a bag of shiite, mohammed.
OPEC’s greed will be their demise. They and the Russians will undoubtedly cheat on their quotas.
Drill, baby, drill !!
When is the last time any U.N. official promoted a policy with a positive benefit?
“extraordinary measures”
In OPEC this always means that some country other than your own must reduce production.
OPEC has awakened the sleeping giant.
Exactly. Sooooooo...you want us to cap supply, so prices remain high and you still get to live your oil-state lifestyle, but we have to suffer economic recessions?
Hey Mohammed, go whine to you buddy, Barack Hussein. Bwahahahaha.
How about “NO!”?
Anyone remember the long gas lines after the Yom Kipper war? Payback is a bitch.
SO an illegal price fixing cartel, OPEC, is trying to get American producers to cooperate with their price fixing scheme?
The DOJ should announce that any American company in collusion or even correspondence with OPEC will face a RICO investigation.
Yeah ... in many respects, the '70s sucked. I don't care to repeat them.
Oh, I’m sure President Trump will get right on that.
NOT!!!
The cries of pain from the butt hurt goat Romeos gives me wood.
“We urge our friends, in the shale basins of North America to take this shared responsibility with all seriousness it deserves, as one of the key lessons learnt from the current unique supply-driven cycle,”
Translation:
Stop keeping us from screwing the West out of those Petrodollars we need so desperately to fund Sharia Imams, Mosques and Madrassahs all over the World, to and pay the fundamentalist lunatics who live in the Kingdom and its various acolyte states to keep them idle and out of trouble at home.
Yea, we need a revised version of that picture of illegals flipping off and grabbing their gonads but with oil field workers with the same pose.
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