Skip to comments.OPEC Ministers Stand Pat on Crude Oil Supply
Posted on 12/25/2010 9:34:32 AM PST by FreeAtlanta
OPEC ministers said on Friday that they saw no need to supply the world with more crude as oil prices approached a two-year high....frpa
(Excerpt) Read more at nytimes.com ...
It will get very, very fun very, very soon.
Had Republicans controlled the Whitehouse and congress, the opposite would have happened and oil would have already been over 200 a barrel.
These manipulating scum aren't fooling me. They may have the typical head up the back side Americans fooled, but conservatives are on to them.
I’m so sick of the damnable environmentalists, tree huggers and the libtards who enable them. There is absolutely NO NEED for us to be dependent on the middle east for crude oil. There are far too many alternatives available to us.
It’s time to kick these idiots to the curb and take back our country. It’s time for a resurgence of American technological and economic might. And, the rest of the world be damned!
We need to start with arresting Americans who support and enable our enemies and anti-American policies (George Soros #1).
Smells like free market capitalism to me.
You can kiss the 2.3% improvement in the economy, (what a joke) good bye. When, not if, gas gets up to $4.00 a gallon small & big business will tank. Cities on the brink will tank in a domino fashion. It will be a snowball effect.
Can anyone say, “Cloward & Piven?”
Smells like free market capitalism to me.
No, it’s regulated market capitalism! There is a difference.
Sounds like it’s time for a little chat with the King of Saudi to me. A nice little map of the Middle East with Iran’s missile ranges superimposed over the Kingdom would be a wonderfully instructive visual aide.....
These prices are meaningless unless compared to other currencies.
Is the cost going up for all currencies? Could this simply be a result of QE2?
There are countless regulations on the use of gasoline, but is that what you are talking about? It seems that oil producers throw their oil into the world market and the world market pays what it will.
This is one big reason Palin would be a good president as she is for developing our own oil , and other domestic energy supplies like oil shale, coal which the U.S. has centuries of.
No, it smells like foreign countries manipulating our political system. It is an act of war.
Two silver dimes from the 50’s bought a gallon of gas. Two silver dimes today buys a gallon of gas with $1.00 left over. Sounds like Fed. problem, make dollars worthless and it is hard to buy real stuff.
I fully remember when Bush was The President when gas got to 3 dollars a gallon the liberal masses started screaming about a Bush and oil company conspiracy. Could that twerp now occupying The White House be in on that same conspiracy?
The sissy in the Whitehouse now either doesn't care, or it's part of his plan to destroy America. I tend to lean towards the latter. That silly 2 year tax rate extension the lame Congress passed isn't going to do squat for the economy because businesses that plan usually plan for longer than 2 years. Uncertainty in the tax rates 3 years out isn't going to cause anyone to hire anybody in any significant numbers. Throw $4/gallon gas into the mix and that screeching sound you hear will be the economy grinding to a halt with stagflation. I'm sure the Kenyan is happy as a clam about it....too bad Ramadan is over. Obamalamadingdong could have made quite a party out of it.....
The rise is a result of commodity inflation driven by a falling dollar and all the funny money being printed into circulation within the investment banks.
World-wide demand has decreased over the last 2 years while production is AT LEAST adequate.
Can’t or won’t? I suspect the former.
It should NOT be, but is. This due to a "kink" in the worldwide monetary system. In any sane world the dollar would be tanking against most other currencies. However, due to instability throughout the world it is still filling it's "anchor currency" role and it appears all the currencies in the world rise and fall WITH the dollar.
However, the dollar has been falling when measured against nearly every commodity.
So, commodities are getting more expensive for everyone.
Those who are able to perceive this anomaly know that worldwide inflation is about to get out of the cage.
Have we started drilling in the gulf again?
Seems our government has regulated us out of drilling there, Anwar and just about everywhere else in the continental US.
I would argue that alone is manipulating world’s supply causing an artificial shortage.
I don't know what is worse, possible foreign interference with our markets or the fact that Pelosi and Barney Frank voters are actual citizens of this country.
No. In fact, the demon in the WH just ordered drilling banned again for the next five years...
That might make it hard for Soros and his evil billionaires club to try to manipulate elections.
Correct! And OPEC just announced that they are not going to increase production, plus another post I read here was that China has now surpassed the US as the biggest consumer of oil.
Bammy colluding with his oil buddies to drive up prices and earn kickbacks on piss-poor “green” technologies.
So the oil companies are drilling freely in the Gulf and the North Slope? That is news to me; do tell.
“Smells like free market capitalism to me.”
You seem to have a problem identifying aromas. Are you able to distinguish fresh baked apple pie from steaming cow pie?
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