Fukin OPEC...

Driver72 · 09-10-2008, 01:45 PM

just another example of the greedy crooks they are.
Zero reason to cut oil manufacturing other than to keep prices inflated.

I always chuckle at the people who say "supply and demand" drive the price of oil and gas.
To an extent they are right but it's the supply that OPEC chooses and then how much they want to demand for a barrel of oil or gallon of gas.

!Xoible · 09-10-2008, 01:47 PM

im pretty sure i read that saudi will continue with current production rates and wont decrease

m3power13 · 09-10-2008, 04:06 PM

Complete BS!

Oil ministers are bitching about erroding profits!!!! We can thank those investors who dumped $60 billion into oil futures. Now they have pulled out close to $40 billion and OPEC seems primed to put a halt to that.

m3power13 · 09-10-2008, 04:07 PM

Quote:

Originally Posted by ///Mantis

im pretty sure i read that saudi will continue with current production rates and wont decrease

FYI - http://money.cnn.com/2008/09/10/news...s.ap/index.htm

Driver72 · 09-10-2008, 06:05 PM

Quote:

Originally Posted by m3power13

Complete BS!

Oil ministers are bitching about erroding profits!!!! We can thank those investors who dumped $60 billion into oil futures. Now they have pulled out close to $40 billion and OPEC seems primed to put a halt to that.

Yup the trillions of dollars they (oil comapnies and middle eastern oil countries) are making, just doesn't cut it.

Ridiculously extravagant things like gold plated cars just won't do in 2008 anymore, they want diamond covered cars.

Guess they forgot it was westerners who gave them cars, internet, software, computers, and so forth that allowed them to become superrich in the first place. They thank us (and the world) by price gouging us.
Fers.

E90SLAM · 09-10-2008, 06:09 PM

To be honest, if you're that unhappy with OPEC....then tell the government to stop importing crude and just use from the resources in North America....

I believe they could careless about that....China, India, etc...are thier other "customers" that are happy to pay them for the market price...

Tondtar · 09-10-2008, 06:42 PM

Before singling out OPEC for all of our energy problems, look into the types of people who are running the show here in US. This is probably a glimpse of the kind of partying going on in the board rooms of major oil companies these days :

http://news.yahoo.com/story//ap/2008...ior_oil_trysts

E90SLAM · 09-10-2008, 07:14 PM

Quote:

Originally Posted by Tondtar

Before singling out OPEC for all of our energy problems, look into the types of people who are running the show here in US. This is probably a glimpse of the kind of partying going on in the board rooms of major oil companies these days :

http://news.yahoo.com/story//ap/2008...ior_oil_trysts

That's why I love my clients...

just4kickz · 09-10-2008, 07:20 PM

supply & demand don't really drive oil prices

E90SLAM · 09-10-2008, 07:23 PM

Quote:

Originally Posted by just4kickz

supply & demand don't really drive oil prices

the trading in NY drives it crazy?

aut0sh0cker · 09-10-2008, 10:28 PM

Quote:

Originally Posted by just4kickz

supply & demand don't really drive oil prices

Its an inelastic commodity. Gasoline has become one of the bare necessities in our time, and that wont change for a long time. Gas suppliers have realized that no matter the cost, there will always be a high demand for gasoline and it is good for their investors if they take advantage of that.

Scott

Expired · 09-10-2008, 10:32 PM

Quote:

Originally Posted by Laszlo

Hey, everything is for sale - it's all about casino capitalism and we asked for it. Get a voice and write your Congressman.

Get a mob together and protest. Get someone to listen. Sitting here bitching about won't do a thing. That's the problem today, we've been conditioned to watch TV and buy Starbucks - and keep quiet.

People should send out a chain letter, cc'ing Washington - the letter should read that all American's will PULL ALL THEIR MONEY OUT OF THE BANKS and collapse the system unless they "listen to us"... NOW!

And I'm sure that would get their greedy attention!

Even if only 50% of American's pulled every dime they had out of the banking system it would be over. What a simple thing to do!!! Doesn't require much effort at all... no guns... no tanks... just taking back what's ours to get someone off their ass.

All in all it's just worthless paper, so I doubt it would be a smart move..

-Nathan

09-10-2008, 01:45 PM	#1
Driver72 Brigadier General 327 Rep 4,484 Posts Drives: 335i - to new owners now. Join Date: Dec 2006 Location: California iTrader: (0)	Fukin OPEC... just another example of the greedy crooks they are. Zero reason to cut oil manufacturing other than to keep prices inflated. I always chuckle at the people who say "supply and demand" drive the price of oil and gas. To an extent they are right but it's the supply that OPEC chooses and then how much they want to demand for a barrel of oil or gallon of gas.
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09-10-2008, 01:47 PM	#2
!Xoible Banned 837 Rep 46,029 Posts Drives: .... Join Date: Nov 2006 Location: . iTrader: (4) Garage List 2008 M3 [4.00] 2007 335i [9.00] 2008 528i [8.00] 2006 Infiniti - G35 ... [8.00]	im pretty sure i read that saudi will continue with current production rates and wont decrease
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09-10-2008, 04:06 PM	#3
m3power13 Lieutenant 111 Rep 531 Posts Drives: E92 M3 Stripper Join Date: Nov 2006 Location: Raleigh, NC iTrader: (0)	Complete BS! Oil ministers are bitching about erroding profits!!!! We can thank those investors who dumped $60 billion into oil futures. Now they have pulled out close to $40 billion and OPEC seems primed to put a halt to that. __________________ E92 M3 - Alpine White - Carbon Roof - 6 SPD - Speed Cloth - No NAV/EDC - Meisterschaft - Signature Forged
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09-10-2008, 06:09 PM	#6
E90SLAM Supreme Allied Commander 1963 Rep 61,781 Posts Drives: A BBS WHORE Join Date: Jul 2007 Location: . iTrader: (6) Garage List 2022 BMW X3 sDrive30i [0.00]	To be honest, if you're that unhappy with OPEC....then tell the government to stop importing crude and just use from the resources in North America.... I believe they could careless about that....China, India, etc...are thier other "customers" that are happy to pay them for the market price...
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09-10-2008, 06:42 PM	#7
Tondtar 12 yr old Juvie 1078 Rep 881 Posts Drives: His Mom Crazy Join Date: Apr 2008 Location: El Lay iTrader: (2) Garage List 2008 (RIP in 2011) ... [0.00]	Before singling out OPEC for all of our energy problems, look into the types of people who are running the show here in US. This is probably a glimpse of the kind of partying going on in the board rooms of major oil companies these days : http://news.yahoo.com/story//ap/2008...ior_oil_trysts
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09-10-2008, 07:20 PM	#9
just4kickz boku no namae ha... 336 Rep 11,025 Posts Drives: 2006 BS 330i Join Date: Feb 2006 Location: S. Bay Area, CA + Newark, NJ + ChiCity + True Blue iTrader: (11) Garage List 2006 E90 330i [0.00]	supply & demand don't really drive oil prices __________________ looking for a PreLCI Black Sapphire e90 front bumper without license plate holes "Akimbo shotguns. Broken wrists anyone? And don't give me that 'it's just a game' bull**. Where the are my akimbo interventions then?! One scope on each eye mother**er!!"
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