OPEC deceasing supply

Discussion in 'Current Events' started by Avatar4321, Apr 17, 2011.

  1. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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  2. 007
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    007 Charter Member Supporting Member

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    I guess that big collapse that we've been warned about that's coming is going to come a lot sooner than we expected.

    The world ain't seen SHIT until they see this country erupt in anarchy.

    Better arm yourself.
     
    Last edited: Apr 17, 2011
  3. ogibillm
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    ogibillm Gold Member

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    the article would seem to contradict your title
    i also like this part
     
  4. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Decreases in supply will increase the price. It's just the nature of economics.
     
  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    Gas $1.20/gal. cheaper in Mexico...
    :eusa_shhh:
    Americans Driving to Mexico to Buy Gas Should Wake Up U.S. Politicians
    Sun Apr 17,`11 | With the price of oil soaring to more than $100 a barrel, many Americans are making a shocking decision on how to fill up their vehicles. Americans who live near Mexico are sometimes driving across the border for gas where prices are on average $1.20 per gallon cheaper. There are conservative and liberal solutions to our dangerous dependence on foreign oil.

     
  6. editec
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    editec Mr. Forgot-it-All

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    Nothing Obama is doing or not doing is causing this latest run-ip in prices, folks.

    The market has a mind of its own.
     
  7. zzzz
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    zzzz Just a regular American

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    The current run up of prices is not the result of supply pressures but speculator pressure. I do not see any major movement because of this production correction. Some of the current increase in prices is the result of the refiners going to a summer blend, a blend that requires different additives to keep the fuel from evaporating in the hotter weather. We deal with that every year at this time.

    Now if a major supply disruption occurs that is a different story altogether. This is just a minor correction. I paid $2.85 back in February, now $3.85 just 2 months and a $1 increase. That equates for me to a $10-15 increase in my gas budget per week.
     
  8. editec
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    editec Mr. Forgot-it-All

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    Yeah...the current run up prices is directly costing me about $1200 a year or so more for heating oil and gasoline and gas for cooking.

    And the additionall costs we're all paying come at us in rising prices for pretty much everything else we buy, too.

    The effect of such quick price increases in energy happens fast and when it does?

    The economy starts to go down, again.

    Let's hope this latest speculators' inflation won't last
     

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