I hate that they can just do this...petrol prices set to rise.
http://www.bbc.co.uk/news/business-38155185
Honestly, as an average guy I really begrudge paying extra for petrol. When will these oil shackles be released!
I hate that they can just do this...petrol prices set to rise.
http://www.bbc.co.uk/news/business-38155185
Honestly, as an average guy I really begrudge paying extra for petrol. When will these oil shackles be released!
U.S. oil producers control the price of oil these days or so they say. Where is Reese? He works in the bizz. We are the #1 producer of oil, surpassing Saudi Arabia.
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"This will be a fight against overwhelming odds from which survival cannot be expected. We will do what damage we can."
-- Capt. Copeland
We are already doing this, OPEC controlling prices is only due to the stock speculation. The OPEC nations no longer control enough of the world's production to set prices therefore this is all artificial. Also oil demand has been stagnating and is not expected to pick up anytime soon.
This environment has also been good in a way oil producers are preparing for a world of $20 - $30 oil by increasing efficiency.
Don't care my Tesla is on the way and everyone else should hop on the bandwagon.
The Arabs have had us by the balls since the 70s oil crisis
Why do you think we care so much about what happens in that sand blasted shit hole?
That's good news for Putin.
It's ok, we're covered
Apache discovers 3 billion barrels of oil in West Texas
Most people would rather die than think, and most people do. -Bertrand Russell
Before the camps, I regarded the existence of nationality as something that shouldn’t be noticed - nationality did not really exist, only humanity. But in the camps one learns: if you belong to a successful nation you are protected and you survive. If you are part of universal humanity - too bad for you -Aleksandr Solzhenitsyn
The cuts only increased Brent 10% and WTI 9%, the price can only go so high before more tight oil is brought back, which would tend to cap prices.
Geat news! Oil's got to go.
Do not be worried most of the OPEC and Russia desperate need the oil revenue, hence they will not stick to the agreement (X did not honored agreement so why should I) and If the oil price go up to 50$ barrel a longer time the US shale oil will start to flood the market.....
The only thing that will drive the price up a longer time is a war at the wrong (or right) place or huge economic boom
Last edited by mmoc957ac7b970; 2016-12-01 at 09:11 AM.