$4 gas, free market, tax burden question

[sdduuuude]

Interesting move by OPEC:

OPEC ARTICLE

“But OPEC ministers argued the oil market was pushed higher by a weak dollar, speculation and political strife, and not by a lack of crude.”

[Arraya]

We should expect to see OPEC blame anything but production capacity for the high prices. Even if they could raise production, which is doubtful, they probably would not.

Their best move is to conserve there oil. However, it should be interesting to see how it politically plays out when prices get out of control and the public gets really pissed. OPEC will most likely bluff until the end or until it’s so apparently obvious that they can’t raise production any significant amount.

Also, I would not expect any significant troop draw down in Iraq. We can’t leave that oil with just anybody. Supplies are so tight now any minor disruption can cause huge price spikes.

Interestingly, Shell’s CEO just published a letter that stated peak was going to be in 2015. While Exxon still maintains that it is 40 years away. Though as the data comes in it looks have been in 2006.

[Arraya]

We should expect to see OPEC blame anything but production capacity for the high prices. Even if they could raise production, which is doubtful, they probably would not.

Their best move is to conserve there oil. However, it should be interesting to see how it politically plays out when prices get out of control and the public gets really pissed. OPEC will most likely bluff until the end or until it’s so apparently obvious that they can’t raise production any significant amount.

Also, I would not expect any significant troop draw down in Iraq. We can’t leave that oil with just anybody. Supplies are so tight now any minor disruption can cause huge price spikes.

Interestingly, Shell’s CEO just published a letter that stated peak was going to be in 2015. While Exxon still maintains that it is 40 years away. Though as the data comes in it looks have been in 2006.

[Arraya]

We should expect to see OPEC blame anything but production capacity for the high prices. Even if they could raise production, which is doubtful, they probably would not.

Their best move is to conserve there oil. However, it should be interesting to see how it politically plays out when prices get out of control and the public gets really pissed. OPEC will most likely bluff until the end or until it’s so apparently obvious that they can’t raise production any significant amount.

Also, I would not expect any significant troop draw down in Iraq. We can’t leave that oil with just anybody. Supplies are so tight now any minor disruption can cause huge price spikes.

Interestingly, Shell’s CEO just published a letter that stated peak was going to be in 2015. While Exxon still maintains that it is 40 years away. Though as the data comes in it looks have been in 2006.

[Arraya]

We should expect to see OPEC blame anything but production capacity for the high prices. Even if they could raise production, which is doubtful, they probably would not.

Their best move is to conserve there oil. However, it should be interesting to see how it politically plays out when prices get out of control and the public gets really pissed. OPEC will most likely bluff until the end or until it’s so apparently obvious that they can’t raise production any significant amount.

Also, I would not expect any significant troop draw down in Iraq. We can’t leave that oil with just anybody. Supplies are so tight now any minor disruption can cause huge price spikes.

Interestingly, Shell’s CEO just published a letter that stated peak was going to be in 2015. While Exxon still maintains that it is 40 years away. Though as the data comes in it looks have been in 2006.

[Arraya]

We should expect to see OPEC blame anything but production capacity for the high prices. Even if they could raise production, which is doubtful, they probably would not.

Their best move is to conserve there oil. However, it should be interesting to see how it politically plays out when prices get out of control and the public gets really pissed. OPEC will most likely bluff until the end or until it’s so apparently obvious that they can’t raise production any significant amount.

Also, I would not expect any significant troop draw down in Iraq. We can’t leave that oil with just anybody. Supplies are so tight now any minor disruption can cause huge price spikes.

Interestingly, Shell’s CEO just published a letter that stated peak was going to be in 2015. While Exxon still maintains that it is 40 years away. Though as the data comes in it looks have been in 2006.

[patientlywaiting]

I always thought that the War on Iraq was partly a proxy war on Saudi Arabia (where the most of the 911 attackers came from).

By controlling the oil in Iraq, we would have mollifed the power of OPEC and controlled the price of oil.

Now, OPEC is paying us back with high oil prices and there’s nothing we can do. OPEC has other big customers in China and India.

It’s like Walmart pressuring their suppliers for lower and lower prices. Either lower your prices or you’ll be off our vendor list. You can bet that the suppliers would love to stick it to Walmart when they get a chance in the future.

From the point of view of OPEC, why would they want to increase production to reap the same revenues?

Of course, the oil companies are loving this.

[patientlywaiting]

I always thought that the War on Iraq was partly a proxy war on Saudi Arabia (where the most of the 911 attackers came from).

By controlling the oil in Iraq, we would have mollifed the power of OPEC and controlled the price of oil.

Now, OPEC is paying us back with high oil prices and there’s nothing we can do. OPEC has other big customers in China and India.

It’s like Walmart pressuring their suppliers for lower and lower prices. Either lower your prices or you’ll be off our vendor list. You can bet that the suppliers would love to stick it to Walmart when they get a chance in the future.

From the point of view of OPEC, why would they want to increase production to reap the same revenues?

Of course, the oil companies are loving this.

[patientlywaiting]

I always thought that the War on Iraq was partly a proxy war on Saudi Arabia (where the most of the 911 attackers came from).

By controlling the oil in Iraq, we would have mollifed the power of OPEC and controlled the price of oil.

Now, OPEC is paying us back with high oil prices and there’s nothing we can do. OPEC has other big customers in China and India.

It’s like Walmart pressuring their suppliers for lower and lower prices. Either lower your prices or you’ll be off our vendor list. You can bet that the suppliers would love to stick it to Walmart when they get a chance in the future.

From the point of view of OPEC, why would they want to increase production to reap the same revenues?

Of course, the oil companies are loving this.

[patientlywaiting]

I always thought that the War on Iraq was partly a proxy war on Saudi Arabia (where the most of the 911 attackers came from).

By controlling the oil in Iraq, we would have mollifed the power of OPEC and controlled the price of oil.

Now, OPEC is paying us back with high oil prices and there’s nothing we can do. OPEC has other big customers in China and India.

It’s like Walmart pressuring their suppliers for lower and lower prices. Either lower your prices or you’ll be off our vendor list. You can bet that the suppliers would love to stick it to Walmart when they get a chance in the future.

From the point of view of OPEC, why would they want to increase production to reap the same revenues?

Of course, the oil companies are loving this.

[patientlywaiting]

I always thought that the War on Iraq was partly a proxy war on Saudi Arabia (where the most of the 911 attackers came from).

By controlling the oil in Iraq, we would have mollifed the power of OPEC and controlled the price of oil.

Now, OPEC is paying us back with high oil prices and there’s nothing we can do. OPEC has other big customers in China and India.

It’s like Walmart pressuring their suppliers for lower and lower prices. Either lower your prices or you’ll be off our vendor list. You can bet that the suppliers would love to stick it to Walmart when they get a chance in the future.

From the point of view of OPEC, why would they want to increase production to reap the same revenues?

Of course, the oil companies are loving this.

[Arraya]

By controlling the oil in Iraq, we would have mollifed the power of OPEC and controlled the price of oil.

Unfortunately it looks like OPEC does not control the price of oil any more. You need to be able to raise production to control it. From a geo-political stand point it made sense to invade Iraq. Iraq has huge under explored reserves, they had no friends and all the remaining big reserves are around the Caspian basin. Ironically they are still below pre-war levels of production. That would be funny huh, If there was not as much oil over there that we thought. What a waste.

We are going to be in that part of the world for a long long time. The War on Terror is controlling the oil and controlling the population from the affects of depleting oil supplies.

Does anybody really think we want democracy in Iraq? They might decide not to give us any oil.

[Arraya]

By controlling the oil in Iraq, we would have mollifed the power of OPEC and controlled the price of oil.

Unfortunately it looks like OPEC does not control the price of oil any more. You need to be able to raise production to control it. From a geo-political stand point it made sense to invade Iraq. Iraq has huge under explored reserves, they had no friends and all the remaining big reserves are around the Caspian basin. Ironically they are still below pre-war levels of production. That would be funny huh, If there was not as much oil over there that we thought. What a waste.

We are going to be in that part of the world for a long long time. The War on Terror is controlling the oil and controlling the population from the affects of depleting oil supplies.

Does anybody really think we want democracy in Iraq? They might decide not to give us any oil.

[Arraya]

By controlling the oil in Iraq, we would have mollifed the power of OPEC and controlled the price of oil.

Unfortunately it looks like OPEC does not control the price of oil any more. You need to be able to raise production to control it. From a geo-political stand point it made sense to invade Iraq. Iraq has huge under explored reserves, they had no friends and all the remaining big reserves are around the Caspian basin. Ironically they are still below pre-war levels of production. That would be funny huh, If there was not as much oil over there that we thought. What a waste.

We are going to be in that part of the world for a long long time. The War on Terror is controlling the oil and controlling the population from the affects of depleting oil supplies.

Does anybody really think we want democracy in Iraq? They might decide not to give us any oil.

[Arraya]

By controlling the oil in Iraq, we would have mollifed the power of OPEC and controlled the price of oil.

Unfortunately it looks like OPEC does not control the price of oil any more. You need to be able to raise production to control it. From a geo-political stand point it made sense to invade Iraq. Iraq has huge under explored reserves, they had no friends and all the remaining big reserves are around the Caspian basin. Ironically they are still below pre-war levels of production. That would be funny huh, If there was not as much oil over there that we thought. What a waste.

We are going to be in that part of the world for a long long time. The War on Terror is controlling the oil and controlling the population from the affects of depleting oil supplies.

Does anybody really think we want democracy in Iraq? They might decide not to give us any oil.

[Author]

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