Peak oil is BS!

Tango3 · Apr 17, 2008

so the saudi's only produce11-12mil b/day the world uses 77mb/day,and every ones mad at opec????

nightshade7206 · Apr 20, 2008

http://www.youtube.com/watch?v=OpQ5wmkxMnY

Quigley_Sharps · Apr 20, 2008

OPEC chief: Oil prices would go higher regardless of supply By MARIA GRAZIA MURRU, Associated Press Writer
Sun Apr 20, 3:17 PM ET

ROME - OPEC Secretary-General Abdullah el al-Badri said Sunday oil prices would likely go higher and that the group was ready to raise production if the price pressure was due to a shortage of supply — something he doubted.

"Oil prices, there is a common understanding that has nothing to do with supply and demand," al-Badri said on the sidelines of an energy conference in Rome.

Oil prices reached a new high Friday at $117 a barrel.

A host of supply and demand concerns in the U.S. and abroad, along with the dollar's weakness, have served to support prices, even as record retail gasoline prices in the U.S. appear to be dampening demand. Crude prices have risen as much as 4 percent last week.

The OPEC chief said the Organization for Petroleum Exporting Countries "will not hesitate" to increase production if the group thought the higher prices were due to shortages. But he said more oil will not solve the high prices.

OPEC's production levels were just one of many factors, he said.

"But how much higher it will go, of course it depends on a number of things: the political situation, whether there is a natural catastrophe, whether there are speculations in the market, whether there are strikes in certain producing countries. So there are many other factors other than OPEC production," al-Badri said.
Click to expand...

Log in or Sign up

Peak oil is BS!

Tango3 Aimless wanderer

nightshade7206 Monkey+++

Quigley_Sharps The Badministrator Administrator Founding Member

Adding used motor oil to fuel oil burners

Saudi prince: $100-a-barrel oil 'never' again

Peak Oil So Bad...Gasoline Under $2.00

The good side of Peak Oil

Good news on the domestic oil front

US Now Produces More Oil and Gas Than Russia and Saudi Arabia

Peak Oil video - Guy McPherson

The End Of Suburbia - 52 Min Documentary On Peak Oil

Finally hit $4

Oil drum reporting

Good Chris Martenson Podcast on Peak Oil

Good peak oil visuals

Collapse (2009) movie

Good Advice on that Bonus from Uncle Sam

High Gas Prices? You aint seen nothing yet.

Peak Oil News

Peak Oil- what it is and how it will impact your life

Peak oil is BS!

Tango3 Aimless wanderer

nightshade7206 Monkey+++

Quigley_Sharps The Badministrator Administrator Founding Member

Useful Searches