WHY!! Do we let OPEC decide the price of oil. WTF!!
Shouldn't market demand decide the cost, not a bunch of men sitting around a table in pajamas?
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OPEC.PNG [ 281.67 KiB | Viewed 239 times ]
dino_bobba_renno
CKA Elite
Posts: 4247
Posted: Fri Oct 24, 2008 3:02 pm
tritium tritium:
WHY!! Do we let OPEC decide the price of oil. WTF!!
Shouldn't market demand decide the cost, not a bunch of men sitting around a table in pajamas?
0:
OPEC.PNG
*on the pajamas comment*
Thing being is that I'm not really sure if "we let" them decide.
QBC
Site Admin
Posts: 9914
Posted: Fri Oct 24, 2008 3:24 pm
I love this...it costs the average OPEC nation $14 to produce a barrel of oil...$64 isn't enough profit for them?....But it isn't OPEC who sets oil prices anymore, the profiteers at the commodity markets that do.
ziggy
Posted: Fri Oct 24, 2008 3:38 pm
Glad this a govt. job I'm going to tomm.
Pseudonym
CKA Elite
Posts: 3329
Posted: Fri Oct 24, 2008 3:50 pm
Drill baby, Drill!
dog77_1999
Forum Elite
Posts: 1240
Posted: Fri Oct 24, 2008 3:57 pm
OPEC is only a cartel in name. They never ever follow their quotas. Cutting production will jepordize the social programs in those countries. Saudi is basically the only one who can do any meaniful cuts, and they aren't keen to do much.
CKA Super Elite 
CKA Elite 
*on the pajamas comment*
