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regnaD kciN

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51. Keep in mind that it will all come to an end once the Saudis have made their point...

Reply to Bosonic (Original post)

Wed Dec 24, 2014, 03:49 AM

Dec 2014

...and prices will soon start the uphill climb once again.

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OPEC won't cut output even at $20 a barrel: Saudi [View all] Bosonic Dec 2014 OP

well they have so much money they can afford to crash it in order to drive the others out of busines belzabubba333 Dec 2014 #1

This is an OPEC decision--that includes many of those others. MADem Dec 2014 #5

And we bombed or sanctioned or generally pissed off most of those countries. dixiegrrrrl Dec 2014 #9

This has little to do with us. We aren't in charge of this evolution. MADem Dec 2014 #13

Not sure what energy game the Saudis could stay in Kelvin Mace Dec 2014 #28

UK oil production has dropped radically since 1999 happyslug Dec 2014 #42

USA imports are often very misleading. One of the reasons USA imports is for MADem Dec 2014 #55

That is why I try to use Net Imports, a more accurate number. happyslug Dec 2014 #56

I hope the Koch brothers are feeling the pain. SamKnause Dec 2014 #2

I doubt our bought-and-paid-for Congress will let them feel much pain . . . another_liberal Dec 2014 #3

The Saudis have invested BILLIONS in alternative energy. MADem Dec 2014 #4

I hope so rosesaylavee Dec 2014 #7

Here--I got lazy, I've got proof ! MADem Dec 2014 #8

Last gasp of the electric companies in Cal. is dixiegrrrrl Dec 2014 #10

We may just be able to survive rosesaylavee Dec 2014 #16

On the surface this might seem bad MyNameGoesHere Dec 2014 #6

That is part of OPEC's strategy, to keep costs low. MADem Dec 2014 #14

That is what they are trying to do. dixiegrrrrl Dec 2014 #15

oh noze!! Locrian Dec 2014 #22

Oh we will Munificence Dec 2014 #35

yeah Locrian Dec 2014 #43

Agree Strelnikov_ Dec 2014 #23

It is not the oil companies that worry me Kelvin Mace Dec 2014 #29

Venezuela needs high oil prices, even higher than Russia. amandabeech Dec 2014 #45

I like my gas under $3.00 termroffor Dec 2014 #11

Russia and Venezuela would be bankrupt though. FLPanhandle Dec 2014 #12

Venezuela is part of OPEC. MADem Dec 2014 #18

us too. elehhhhna Dec 2014 #19

Bring it on! Nt newfie11 Dec 2014 #17

i have small oilco clients in Tx that have already gone toes up. elehhhhna Dec 2014 #20

You are hearing wrong. former9thward Dec 2014 #24

The Bakken shale oil bust is happening right now Brother Buzz Dec 2014 #25

That's not going to last Kelvin Mace Dec 2014 #30

Yes and peak oil was going to happen in 1980. former9thward Dec 2014 #32

Who said Peak Oil was going to happen in 1980? Kelvin Mace Dec 2014 #36

Since you asked... former9thward Dec 2014 #37

Umm, Wikipedia is a good starting point for discusion Kelvin Mace Dec 2014 #44

"using tech that Hubert didn't forsee" Psephos Dec 2014 #49

Not really Kelvin Mace Dec 2014 #54

I've got two friends that were on those fracking crews newfie11 Dec 2014 #33

Yes but nothing ever stays the same in oil. former9thward Dec 2014 #34

I am not hoping for unemployment. Here's a recent article. mahatmakanejeeves Dec 2014 #38

As I have stated in posts upthread former9thward Dec 2014 #40

Agreed. Best wishes. Happy holidays. NT mahatmakanejeeves Dec 2014 #41

Unemployment is always low lancer78 Dec 2014 #48

Remember when the fucking war Hawks wanted war with Putin over Crimea, how the mass media Fred Sanders Dec 2014 #21

Obama sets global oil prices? Comrade Grumpy Dec 2014 #26

I think the gist of his point was Kelvin Mace Dec 2014 #31

The Comrade is not interested in comprehension, simple inanities do not require it. Fred Sanders Dec 2014 #39

A man with a purple lens sees everything in shades of lavender.... Psephos Dec 2014 #50

Nice suggestion. I'd vote for him again, too. freshwest Dec 2014 #47

Just bought a Leaf Kelvin Mace Dec 2014 #27

QE4 will be buying up all the high yield energy junk bonds... roamer65 Dec 2014 #46

Keep in mind that it will all come to an end once the Saudis have made their point... regnaD kciN Dec 2014 #51

The Saudis are trying to destroy somebody, but I'm not sure who. Odin2005 Dec 2014 #52

A little bit of both maybe.... GOLGO 13 Dec 2014 #53

Don't they hate Iran, too? leftyladyfrommo Dec 2014 #57