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Qatar to withdraw from OPEC in January 2019
AlJazeera ^
| 12-3-2018
| AlJazeera
Posted on 12/02/2018 11:12:39 PM PST by tcrlaf
Qatar will withdraw from the Organization of the Petroleum Exporting Countries (OPEC), Qatar's Energy Minister Saad Sherida al-Kaabi announced on Monday.
The decision to quit the bloc of 15 oil-producing countries that account for almost half of the world's oil production was confirmed by Qatar Petroleum, the country's state oil company.
(Excerpt) Read more at aljazeera.com ...
TOPICS: Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: algeria; angola; congo; ecuador; energy; equatorialguinea; gabon; globalwarminghoax; hydrocarbons; iran; iraq; kuwait; libya; maga; methane; mexico; nigeria; opec; petroleum; qatar; saadsheridaalkaabi; saudiarabia; unitedarabemirates; venezuela
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Just breaking now. This has HUGE implications, considering Qatar’s radicalism, the near war with Saudi Arabia, etc.
1
posted on
12/02/2018 11:12:39 PM PST
by
tcrlaf
To: tcrlaf
I guess the commodities market is going to react by driving my gas prices higher.
At least for the short term. Hard to predict what commodities markets will do.
2
posted on
12/02/2018 11:17:45 PM PST
by
dp0622
(The Left should know if.. Trump is kicked out of office, it is WAR!)
To: dp0622
3
posted on
12/02/2018 11:26:42 PM PST
by
DIRTYSECRET
(urope. Why do they put up with this.)
To: dp0622
My first thought is a new cartel to compete with OPEC.
Qatar, Venezuela, Iran, and Indonesia??
4
posted on
12/02/2018 11:29:37 PM PST
by
tcrlaf
(They told me it could never happen in America. And then it did....)
To: dp0622
I don’t see why this should make prices go up. If they are leaving maybe they want to pump more than OPEC allows them to pump.
5
posted on
12/02/2018 11:30:17 PM PST
by
Hugin
("Not one step rom his weapons should a traveler take"...Havamal 38)
To: tcrlaf
Competition is what OPEC was created to end. Rival cartels defeats the purpose which is to set artificially high prices.
6
posted on
12/02/2018 11:32:28 PM PST
by
Hugin
("Not one step rom his weapons should a traveler take"...Havamal 38)
To: Hugin
Qatar wants to increase their output of natural gas according to this article.
7
posted on
12/02/2018 11:32:48 PM PST
by
virgil
(The evil that men do lives after them)
To: virgil
There you go, lower energy prices. OPEC is a hollow shell.
8
posted on
12/02/2018 11:34:36 PM PST
by
Hugin
("Not one step rom his weapons should a traveler take"...Havamal 38)
To: Hugin
Precisely. :^) Ages ago, or rather, even ages ago, when I was in college, one of the econ profs (he was a big deal back then, although he only worked in the Carter White House) mentioned in lecture that cartels don't normally last as long as OPEC had by then (it was formed around 1960 I think), and for their duration they tend to "leak" because members want to cheat, whether they are national entities or individual companies.
9
posted on
12/03/2018 1:32:28 AM PST
by
SunkenCiv
(and btw -- https://www.gofundme.com/for-rotator-cuff-repair-surgery)
To: Hugin
Agreed. This seems good news of the energy markets having busted out beyond OPEC.
To: tcrlaf
11
posted on
12/03/2018 2:20:49 AM PST
by
gattaca
("Government's first duty is to protect the people, not run their lives." Ronald Reagan)
To: tcrlaf
12
posted on
12/03/2018 2:59:52 AM PST
by
silverleaf
(A man who kneels for the national anthem doesn't stand for much of anything)
To: tcrlaf
VERY good news..!
If not for US fracking I’m not sure we’d be seeing this now.
13
posted on
12/03/2018 3:08:12 AM PST
by
gaijin
To: tcrlaf
For the younger crowd, being stuck in gas lines was no fun. That was OPEC. It was especially not fun when it was an odd day and you had an even license plate and were in another state trying to get back home.
OPEC sucks, and this will help kill OPEC.
14
posted on
12/03/2018 4:44:01 AM PST
by
palmer
(...if we do not have strong families and strong values, then we will be weak and we will not survive)
To: tcrlaf
The commies in Venezuela are in OPEC. They can GTH.
15
posted on
12/03/2018 4:45:22 AM PST
by
palmer
(...if we do not have strong families and strong values, then we will be weak and we will not survive)
To: palmer
sounds like it should drive down prices.
16
posted on
12/03/2018 4:50:03 AM PST
by
MAGAthon
To: Hugin
No OPEC country binds itself by OPEC edicts if it goes against their self-interest, ever.
IE, they all cheat.
To: tcrlaf
Wonder how much Iran has to do with this....
18
posted on
12/03/2018 5:00:58 AM PST
by
mewzilla
(Is Central America emptying its prisons?)
To: tcrlaf
19
posted on
12/03/2018 5:03:39 AM PST
by
mewzilla
(Is Central America emptying its prisons?)
To: mewzilla
20
posted on
12/03/2018 5:05:49 AM PST
by
mewzilla
(Is Central America emptying its prisons?)
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