For Emerging and Third World Nations

[SAYIT]

This is your wake up call. The precipitous drop in the price of oil will, if maintained, infuse your economies with money once sent to OPEC countries. That drop has been engineered - in large part - by America and American wildcatters who have found and developed enough new oil sources to degrade OPEC's control. Will you use it to improve infrastructure? Buy down your debt? Invest in industry and/or agriculture? Improve gov't services? Blow it on 22" rims (props to Chris Rock)? Whatever you decide please do not ignore the lesson: the production and price-setting cartel OPEC has for decades hamstrung your ability to provide even a minimal quality of life to your people by draining your economies.

 

[Luddly Neddite]

Actually, this is due, almost exclusively, to Obama's enormous increase in oil production in the US.

An aside - I always think it strange that, in other countries, we refer to them as "emerging markets" and talk about how to help them or exploit them. In the US, we call them slums and write them off.

 

[Sunni Man]

Obama didn't do squat to help oil production on U.S. soil.......in fact he fought against allowing drilling on public land.

It took entrepreneur drillers on private land to start the current oil boom. .....

 

[Mr. H.]

This is your wake up call. The precipitous drop in the price of oil will, if maintained, infuse your economies with money once sent to OPEC countries. That drop has been engineered - in large part - by America and American wildcatters who have found and developed enough new oil sources to degrade OPEC's control. Will you use it to improve infrastructure? Buy down your debt? Invest in industry and/or agriculture? Improve gov't services? Blow it on 22" rims (props to Chris Rock)? Whatever you decide please do not ignore the lesson: the production and price-setting cartel OPEC has for decades hamstrung your ability to provide even a minimal quality of life to your people by draining your economies.

It's a fact that OPEC had much more sway in world oil markets in 1999. Fifteen years ago.

So you tell me why oil was $10/barrel in 1999.

 

[Mr. H.]

Actually, this is due, almost exclusively, to Obama's enormous increase in oil production in the US.

Come on. You're more intelligent than that.

 

[Toddsterpatriot]

Actually, this is due, almost exclusively, to Obama's enormous increase in oil production in the US.

An aside - I always think it strange that, in other countries, we refer to them as "emerging markets" and talk about how to help them or exploit them. In the US, we call them slums and write them off.

Actually, this is due, almost exclusively, to Obama's enormous increase in oil production in the US.

LOL! That's funny.

 

[SAYIT]

Actually, this is due, almost exclusively, to Obama's enormous increase in oil production in the US.

An aside - I always think it strange that, in other countries, we refer to them as "emerging markets" and talk about how to help them or exploit them. In the US, we call them slums and write them off.

Yanno what? You're an of major proportions and I mean that with all due respect. No one in DC found, drilled or pumped a single drop of the AMERICAN oil that has OPEC on its knees, has improved economic conditions and outlook in over 100 non-oil producing countries and, as an added benefit has Putin staring at a classic guns (Ukraine) or butter (civic welfare of Russians) scenario. Tis the season to put away your ideological stupidity and enjoy the good will toward men (and women).

 

[SAYIT]

This is your wake up call. The precipitous drop in the price of oil will, if maintained, infuse your economies with money once sent to OPEC countries. That drop has been engineered - in large part - by America and American wildcatters who have found and developed enough new oil sources to degrade OPEC's control. Will you use it to improve infrastructure? Buy down your debt? Invest in industry and/or agriculture? Improve gov't services? Blow it on 22" rims (props to Chris Rock)? Whatever you decide please do not ignore the lesson: the production and price-setting cartel OPEC has for decades hamstrung your ability to provide even a minimal quality of life to your people by draining your economies.

It's a fact that OPEC had much more sway in world oil markets in 1999. Fifteen years ago.
So you tell me why oil was $10/barrel in 1999.

Supply significantly outstripped demand. Internal economic conditions occasionally force OPEC countries to pump above quotas set by the cartel.

 

[Mr. H.]

This is your wake up call. The precipitous drop in the price of oil will, if maintained, infuse your economies with money once sent to OPEC countries. That drop has been engineered - in large part - by America and American wildcatters who have found and developed enough new oil sources to degrade OPEC's control. Will you use it to improve infrastructure? Buy down your debt? Invest in industry and/or agriculture? Improve gov't services? Blow it on 22" rims (props to Chris Rock)? Whatever you decide please do not ignore the lesson: the production and price-setting cartel OPEC has for decades hamstrung your ability to provide even a minimal quality of life to your people by draining your economies.

It's a fact that OPEC had much more sway in world oil markets in 1999. Fifteen years ago.
So you tell me why oil was $10/barrel in 1999.

Supply significantly outstripped demand. Internal economic conditions occasionally force OPEC countries to pump above quotas set by the cartel.

On the one hand you decry OPEC's control, yet on the other hand you reveal OPEC's vulnerabilities.
Which is it, bitch?

 

[SAYIT]

This is your wake up call. The precipitous drop in the price of oil will, if maintained, infuse your economies with money once sent to OPEC countries. That drop has been engineered - in large part - by America and American wildcatters who have found and developed enough new oil sources to degrade OPEC's control. Will you use it to improve infrastructure? Buy down your debt? Invest in industry and/or agriculture? Improve gov't services? Blow it on 22" rims (props to Chris Rock)? Whatever you decide please do not ignore the lesson: the production and price-setting cartel OPEC has for decades hamstrung your ability to provide even a minimal quality of life to your people by draining your economies.

It's a fact that OPEC had much more sway in world oil markets in 1999. Fifteen years ago.
So you tell me why oil was $10/barrel in 1999.

Supply significantly outstripped demand. Internal economic conditions occasionally force OPEC countries to pump above quotas set by the cartel.

On the one hand you decry OPEC's control, yet on the other hand you reveal OPEC's vulnerabilities.
Which is it, bitch?

Woo ... you really are every bit as dim as your posts make you seem, .