[marshmallow]

Russia, the new good guys.

I hope they call the bluff of the OPEC gangsters.

[Abcdefg]

Price war! Yes, do it and I'll party like its 1969!

Cruising could come back in style.

[Diogenesis]

Hot air. Will never happen. Seems they are getting hysterical.

[xm177e2]

OPEC is bluffing, bigtime. And, if not, well... we just might send a little economic aid to Russia (our economy will be doing just fine with all the cheap oil, we'll be able to afford to send Russia aid as thanks for creating the whole situation)

[WriteOn]

Let's buy Russia and sell Russians.

[mlocher]

tell daschle to stuff it. we do not need any economic aid package that he would endorse. opec may provide one for us!

[Reweld]

So.........this means we'll have to pay higher pump prices, to pay for the storage of the surplus?

[TopQuark]

Russia, Norway, Mexico and Oman cut a combined 500,000 bpd. I do not know about Oman, but look at the remaining ones:
(i) Russia: it's in her interest to undermine OPEC. This would increase her weight in the oil market and with Islamis neighbors;
(ii) Norway is a member of NATO;
(iii) We have just recently bailed out Mexico from financial crisis, and the could be reminided of that. This is not a bad situation at all...

[RogueIsland]

Does this mean we'll see a return of the Chevy LS6 and Olsmobile 455 Rocket?

[Semper Paratus]

Go ahead Sheiks, make my day!

[GeekDejure]

OPEC (behind the scene): "BWAAAAAAAAAAAAA . . . (sniff sniff) . . . I want my Mommie" !!! :-))

[zlala]

Russia is stuck. Crude comes out of the ground at over 200 degrees F. It's hot. And Siberia is cold, especially this time of year. Know what happens when crude get's cold? It turns into tar, and then Russia can't turn the pump back on. Russia cannot slow production down, they have antiquated technology to start with, and a cold climate which certainly complicates matters. If they do shut the pump down, the pump will be down until at least late Spring. Then it's an 'IF' they can turn it back on. Russia is not doing us any favors ... they simply are playing the cards that they have been dealt.

[blam]

This is part of the war on terrorism. There is a lot going on behind the scenes. Can you say, "Goodbye house of SAUD?"

[shaggy eel]

,,, at last, a threat we can live with.

[monkeyshine]

Nonsense. Saudi Arabia is running a huge budget deficit as it is. 75% of their exports are petroleum pruducts. Sure, why not cut their income by another 20%?

[LonePalm]

I think this is great.

Russia can not materially cut its production without risking permanent damage to its infrastructure. But remember, oil is not oil is not oil. Saudi light is not the same as west texas sweet crude is not the same as Nigerian haevy is not the same as Russian, Mexican, or Indonesian. Different oils have different properties and are better at producing different end products.

$0.85 gas, hell, let's get it down to $0.50 per gallon and listen to the liberals scream that tax revenues are down. Meanwhile the economy takes off and Bush gets the credit.

Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LoanPalm, le Républicain du verre cassé (The Broken Glass Republican)

[OldFriend]

temper temper temper!!! sheesh, all rationality has fled!!!

[Amerigomag]

Don't bet on it. The Saudis are so financially over extended they can't afford a price war.

[tubebender]

I know that cheaper crude does sound good but it also lowers our chances of opening ANWAR to drilling and real independence from these vultures in the long run. Lower prices at this time could help many companies survive the downturn.

[yooper]

Oooohhhh! Hurt me baby!

95 cents a gallon up here right now, and I'm lovin' it!

[imperator2]

Lets buy Russian oil, and boycott OPEC oil.