Oil at $10 a barrel?

Started by Solar, January 12, 2015, 06:45:56 AM

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MRogersNhood

Quote from: Solar on January 12, 2015, 06:45:56 AM
It appears that OPEC thinks the faster they push the barrel lower, the sooner it will recover.
They are under the illusion they have control over world oil prices and have the ability to wait out an American collapse in production.
I say their play is suicide, or the last desperate move of a dying entity, or in the least, one huge bluff.

http://www.bloomberg.com/news/2015-01-09/why-opec-is-talking-oil-down-not-up-after-48-selloff.html

American oil production is back. We do not depend on them. Arabs can be crushed now. I remember the Carter gas lines. That's one thing Trump has done: We are "energy independent". Good on him, too. No president since Carter fixed that, but Trump did.

walkstall

Quote from: MRogersNhood on December 08, 2019, 11:27:15 PM
American oil production is back. We do not depend on them. Arabs can be crushed now. I remember the Carter gas lines. That's one thing Trump has done: We are "energy independent". Good on him, too. No president since Carter fixed that, but Trump did.

Why are you going back 1 to 5 years and bring up old post? 
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Always remember "Feelings Aren't Facts."

Possum

Quote from: walkstall on December 09, 2019, 05:13:23 AM
Why are you going back 1 to 5 years and bring up old post?
I'm guessing someone has waaaay too much time on their hands.