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Opec warns of oil price war with Russia
Financial Times ^
| July 19 2002 20:23
| By Matthew Jones in London and Robert Cottrell in Moscow
Posted on 07/21/2002 4:08:04 AM PDT by enrg
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Comment #41 Removed by Moderator
To: enrg
The Organisation of Petroleum Exporting Countries said on Friday it was prepared for a price war unless Russia took steps to curb its rapidly growing production.Works for me. But let us make sure to fund the 'Neowestern' country, Pycci, rather than the evil Wahabbist Islamic bastards that fund terrorism worldwide.
To: enrg
The Organisation of Petroleum Exporting Countries said on Friday it was prepared for a price war unless Russia took steps to curb its rapidly growing production. Bring it on ..... :)
To: enrg
Rush Limbaugh said the Russians have to pump otherwise their type of oil field loses pressure and the oil becomes lost for good. I sure hope this is true......That it's pump free or die for many Russian oil fields.
RUSSKIES!! Make your big oil money. You deserve it!!
44
posted on
07/21/2002 8:43:41 AM PDT
by
dennisw
To: enrg
GO RUSSIA GO RUSSIA GO RUSSIA!!! (doin the happy dance!!)
I loved this story!!!
And I agree with another poster who said, "We need to buy from Russia even if the price goes up" (not an exact quote). But then again.. it probably wouldn't go UP.. it would probably be a price war of prices dropping dramatically!!! They would try to undersell Russia.
I'm all for paying a tad more to help Russia increase productivity!!
BTW.. Anyone check the map to see where Russia is in relationship to Alaska? After working on the North Slope, I can tell you those that have been there, even to Deadhorse.. KNOW that the area is probably the most responsibly ran oil field in the world. That a bunch of Senators voted down the tapping into our reserves there, showed the ultimate form of ignorance. Many had never visited there.. or KNOW what is going on. Just ludicrous!!
To: *Energy_List
To: woofer; Double Tap
I didn't say it was going to happen. I said I'd love to see it happen.
You are correct that the oil conpanys will not let it go to that level.
As for the economy tanking if it did go to that level - the rest of the world has payed that price for gasoline for many years, we would adjust. Bicycles, motor scooters, even horses might make a comeback.
A country, or person, that can't adapt to adverse conditions will not be successful in their endeavors.
To: Yakboy
Why doesn't the US place tariffs on imported oil just like they did recently with steel?
To: newgeezer
Ping, a little good news about oil.
To: Edmund Burke
Why doesn't the US place tariffs on imported oil just like they did recently with steel?
What? Do you want to pay higher prices for gas?
To: steve50
Russia has made noise that it can/might be willing to produce at around $15 per when it gets production ramped up. Might be enough to save this economy, at least for awhile Except for the domestic oil producers, who'd go bust.
To: enrg
Most Excellent price war.
52
posted on
07/21/2002 1:41:36 PM PDT
by
caddie
To: enrg
bttt
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