If Opec had its way they would suck every dime out of every country possible and destroy the worlds economy. Eventually destroying themselvs. Opec is like a dumb fat kid in a candy store. Keep it up Opec the world working hard on relieving itself from your extortion. Stupid is as stupid does!!
Oil & Gas under every ocean? Where's the facts to back that up! Try twilight in the Desert or the Long Emergency - those are based on real facts. Demand is decreasing (in some areas) but not nearly enought to justify huge surges and declines in the oil price. The IEA report, notorious for underestimating the real scene, reported 9% decline annually in world oil reserves! My opinion, Crude is low because the powers that be are trying to stimulate a world heading towards depression.
Yesterday they decreased production in an attempt to raise the price, however it went down and it's dropping again today. Don't you get it, the pricing has become a known scam to the whole world. Every scam in the world is going down.
SovietWarrior, there is oil and gas in every country in the world. There is oil and gas under every ocean and sea in the world. You try to make it sound like Russia was the only place plants grew millions of years ago. And as for how much o & g Russia has, who gives a shit? Really
I don't think OPEC gets it. If you come out and say your cutting production, to people that means higher gas prices at the pump. PEOPLE are sick and tired of this crap and all it does is make people drive less bringing the demand down. For some reason they just can't see the light. The crap is trading under $70 a barrel, but the pump price is still $2.50 a gallon. The math is: $140 barrel at $4.00 gallon pump to $70 barrel at $2.50 gallon pump. Should be $2.00 gallon pump. Hmmmmmmm
The problem with oil is: it costs per barrel about $20 to bring it to the surface, $20 for refining and $10 for transport. About $50 total. These costs have remained constant for years. But, when the price for sale fluctuates from $70 to $140 depending on demand, people get tired of it and that has started the EV craze which I feel is fixing to explode leaving oil in low demand. OPEC shouldn't have underestimated peoples smarts and now they will pay as EV's take over. The oil party is over.
It doesn't matter what they do. I work in the oilfield industry. There is oil everywhere in the world, it's just deeper in some places than others. The middle east just happens to be in a shallow area so it's cheaper to bring it up. The reason for high prices is because we know that oil has a short future left and every country in the world is beginning to drive EV's. It's just a matter of time and demand is going to plummet as oil will mainly be needed for lubricants. Oil is a primitive fuel.
Newsflash, the US has more natural gas than anybody on Earth. We don't import natural gas, only oil which is now under $70 a barrel and making OPEC countries, and Russia, very poor.
2. The US has natural gas, we don't have enough crude oil to meet our demands, so we import a lot. Natural gas is not the same as crude oil. YOU need to educate yourself.
LOL anything is inaccurate to you no matter how factual they are so long as they are against your favor. If the U.S. doesnt feel threatened by such move then they wouldn't be in panic to oppose the creation of a GAS-OPEC like what they're doing right now. Its funny how you call others uneducated when you're one yourself! LOL
Newsflash, Russia has kept the entire USSR geological research record under wraps, nobody in the West has a clue how much oil and gas Russia REALLY has. And it's sure as hell 100x bigger than anything US can drag up.
IRAN was the first built the (opec) for oil in the world, whit its own mony and is still the same place for oil. and now openning for gas in iran ! good job !long live iran .
dude u dont even have enough money to rescue ur disintegrating banks let alone build nuclear plants and electric vehicles! isnt GM,chrysler and ford about to go bankrupt!ROLMFAO!!! every politician says that to buy votes, its called politics mate!
WATCH THEY WANT TO KEEP USA OUT OF IT,WATCH US NOW GO AFTER LIBA OIL,BECAUSE OF THIS.
thevenusstarlite 3 months ago
Too bad a nice bunker buster didn't disrupt that meeting!!!
sapher2020 9 months ago
SUCK SATAN'S COCK opec
AcaiBerryMONAVIE 3 years ago
opec vs this new alliance??
k now im certain ww3 is coming.....
RussianComrade 3 years ago
lets cut the demand of oil..no more fulltank of gas to your car.10 liters is enough,lets use bicycle
mcbong10 3 years ago
OPEC = TERRORISTS
IntellectualConcepts 3 years ago
If Opec had its way they would suck every dime out of every country possible and destroy the worlds economy. Eventually destroying themselvs. Opec is like a dumb fat kid in a candy store. Keep it up Opec the world working hard on relieving itself from your extortion. Stupid is as stupid does!!
gunnguy12 3 years ago
Oil & Gas under every ocean? Where's the facts to back that up! Try twilight in the Desert or the Long Emergency - those are based on real facts. Demand is decreasing (in some areas) but not nearly enought to justify huge surges and declines in the oil price. The IEA report, notorious for underestimating the real scene, reported 9% decline annually in world oil reserves! My opinion, Crude is low because the powers that be are trying to stimulate a world heading towards depression.
lcbaudar 3 years ago
Fuck Opec. There to blame for this oil crisis. If Opec had American leadership. None of this would have happened
dadecountyhustler305 3 years ago
@dadecountyhustler305
opec can do what they want with THEIR oil
it's none of americas business
BlueLeopard200 1 year ago
Yesterday they decreased production in an attempt to raise the price, however it went down and it's dropping again today. Don't you get it, the pricing has become a known scam to the whole world. Every scam in the world is going down.
ProbableHypothesis 3 years ago
SovietWarrior, there is oil and gas in every country in the world. There is oil and gas under every ocean and sea in the world. You try to make it sound like Russia was the only place plants grew millions of years ago. And as for how much o & g Russia has, who gives a shit? Really
ProbableHypothesis 3 years ago
I don't think OPEC gets it. If you come out and say your cutting production, to people that means higher gas prices at the pump. PEOPLE are sick and tired of this crap and all it does is make people drive less bringing the demand down. For some reason they just can't see the light. The crap is trading under $70 a barrel, but the pump price is still $2.50 a gallon. The math is: $140 barrel at $4.00 gallon pump to $70 barrel at $2.50 gallon pump. Should be $2.00 gallon pump. Hmmmmmmm
ProbableHypothesis 3 years ago
The problem with oil is: it costs per barrel about $20 to bring it to the surface, $20 for refining and $10 for transport. About $50 total. These costs have remained constant for years. But, when the price for sale fluctuates from $70 to $140 depending on demand, people get tired of it and that has started the EV craze which I feel is fixing to explode leaving oil in low demand. OPEC shouldn't have underestimated peoples smarts and now they will pay as EV's take over. The oil party is over.
ProbableHypothesis 3 years ago
The oil is a kind of a treasure. Selling oil for prices below 200 dollars pro barrel is a crime against own people and next generations.
The oil party is over.
HerrMoppel 3 years ago
It doesn't matter what they do. I work in the oilfield industry. There is oil everywhere in the world, it's just deeper in some places than others. The middle east just happens to be in a shallow area so it's cheaper to bring it up. The reason for high prices is because we know that oil has a short future left and every country in the world is beginning to drive EV's. It's just a matter of time and demand is going to plummet as oil will mainly be needed for lubricants. Oil is a primitive fuel.
ProbableHypothesis 3 years ago
Newsflash, the US has more natural gas than anybody on Earth. We don't import natural gas, only oil which is now under $70 a barrel and making OPEC countries, and Russia, very poor.
ImperialEmpire 3 years ago
my good.. please educate yourself! just read wikipedia! USA cant even compete..
BaltiSkandidos 3 years ago
You're clearly uneducated.
1. Wikipedia isn't that accurate
2. The US has natural gas, we don't have enough crude oil to meet our demands, so we import a lot. Natural gas is not the same as crude oil. YOU need to educate yourself.
ImperialEmpire 3 years ago
LOL anything is inaccurate to you no matter how factual they are so long as they are against your favor. If the U.S. doesnt feel threatened by such move then they wouldn't be in panic to oppose the creation of a GAS-OPEC like what they're doing right now. Its funny how you call others uneducated when you're one yourself! LOL
MastermindPrime 3 years ago
I know the diffence. My mother is from Europe and she uses Gaz only in house..
And USA has very little natural Gaz compars to the big countries at the other side of teh atlancic
BaltiSkandidos 3 years ago
Newsflash, Russia has kept the entire USSR geological research record under wraps, nobody in the West has a clue how much oil and gas Russia REALLY has. And it's sure as hell 100x bigger than anything US can drag up.
SovietWarrior 3 years ago
if the americans dont like this gas opec, then i like it! anything the USA dont like, then its gotta be good!putin is a legend!
stealthpakfa 3 years ago 5
IRAN was the first built the (opec) for oil in the world, whit its own mony and is still the same place for oil. and now openning for gas in iran ! good job !long live iran .
artin74 3 years ago 2
Emergency, Emergency. Emergency oil meeting.
America will soon not need ANY of their oil.
We are going nuclear and electric vehicles.
So stick your oil where the sun don't shine.
ROFLMAO
RegularFool 3 years ago
dude u dont even have enough money to rescue ur disintegrating banks let alone build nuclear plants and electric vehicles! isnt GM,chrysler and ford about to go bankrupt!ROLMFAO!!! every politician says that to buy votes, its called politics mate!
stealthpakfa 3 years ago 2
this is a great step ...new era to the world with out USA`control!
mima11vlad 3 years ago 4
The US will not like this. WHO CARES !!!!
antiparticlesteve 3 years ago 4
The USA should not it cares about it, that's not their business
1293i 3 years ago 6
and who the fuck care about usa???
usa can suck it!!
mima11vlad 3 years ago 2