[dorlomin]

$this->bbcode_second_pass_quote('GoIllini', 'W')e threatened that in the '70s and they embargoed us.

[GoIllini]

$this->bbcode_second_pass_quote('dorlomin', '')$this->bbcode_second_pass_quote('GoIllini', 'W')e threatened that in the '70s and they embargoed us.

[dorlomin]

$this->bbcode_second_pass_quote('GoIllini', 'N')o, what I'm saying is the fact that Saudi Arabia is a swing producer keeps oil prices about $5 higher than they otherwise would be-

[dorlomin]

$this->bbcode_second_pass_quote('GoIllini', '
')And also the nationalizations of US oil company assets and the decline of the USD. It was a dare by OPEC to invade them.

[GoIllini]

$this->bbcode_second_pass_quote('dorlomin', '')$this->bbcode_second_pass_quote('GoIllini', 'N')o, what I'm saying is the fact that Saudi Arabia is a swing producer keeps oil prices about $5 higher than they otherwise would be-

[GoIllini]

$this->bbcode_second_pass_quote('dorlomin', '')$this->bbcode_second_pass_quote('GoIllini', '
')And also the nationalizations of US oil company assets and the decline of the USD. It was a dare by OPEC to invade them.

[dorlomin]

$this->bbcode_second_pass_quote('GoIllini', ' ')Back then, we knew an invasion of Saudi Arabia would have meant war with Russia.

[GoIllini]

$this->bbcode_second_pass_quote('dorlomin', '')$this->bbcode_second_pass_quote('GoIllini', ' ')Back then, we knew an invasion of Saudi Arabia would have meant war with Russia.

[dorlomin]

$this->bbcode_second_pass_quote('GoIllini', '')$this->bbcode_second_pass_quote('dorlomin', '')$this->bbcode_second_pass_quote('GoIllini', ' ')Back then, we knew an invasion of Saudi Arabia would have meant war with Russia.

[GoIllini]

$this->bbcode_second_pass_quote('dorlomin', '')$this->bbcode_second_pass_quote('GoIllini', '')$this->bbcode_second_pass_quote('dorlomin', '')$this->bbcode_second_pass_quote('GoIllini', ' ')Back then, we knew an invasion of Saudi Arabia would have meant war with Russia.

[SeaGypsy]

The OP is nuts. The only way this guy is going to scare anyone is by explaining his version of economics to them. Frightening indeed, but enough to get the saudis to decrease their price for their 10%ish of the total oil supply by half? He would have to pull a really mean face and take the bag off his head. Perhaps remove the rose colored glasses?

[Cog]

I can't believe you let a cornie troll take you down a 3 page thread. The whole concept of Saudi selling oil at $50, because we want them to, is retarded in the extreme.

Shame on you guys for not calling him out earlier.

[GoIllini]

$this->bbcode_second_pass_quote('Cog', 'I') can't believe you let a cornie troll take you down a 3 page thread. The whole concept of Saudi selling oil at $50, because we want them to, is retarded in the extreme.

Shame on you guys for not calling him out earlier.

[SeaGypsy]

Not if you keep track of the conversation on here. The USA's situation could really be a hell of a lot worse. Many regulars here have accepted that the USA/ rest of the world/ is not going down the toilet next week because of peak oil. The situation is fluid and dynamic, reflected in an adult conversation on the subjects involved.

As opposed to the OP which is basicly flat out trollery.

[mjacqson]

$this->bbcode_second_pass_quote('SeaGypsy', 'N')ot if you keep track of the conversation on here. The USA's situation could really be a hell of a lot worse. Many regulars here have accepted that the USA/ rest of the world/ is not going down the toilet next week because of peak oil. The situation is fluid and dynamic, reflected in an adult conversation on the subjects involved.
Heads in the sand here we go again...salute from heaven....

As opposed to the OP which is basicly flat out trollery.

[SeaGypsy]

Hey Mecweird, this isn't facebook and I don't know your 'code'. We write in plain English here, mostly.

[eXpat]

$this->bbcode_second_pass_quote('thisisit', '')$this->bbcode_second_pass_quote('eXpat', '')$this->bbcode_second_pass_quote('thisisit', '
')The fact remains that I don't care about Saudi's neither do you, so let's not extrapolate how they could accept to sell their oil at 50 or 35...I am beeing generous when I offer a 50 dollar target...I'd rather get it free and when I say free I mean free I only presume they would find it a right price at 50 in their infinit kindness...

[Pretorian]

$this->bbcode_second_pass_quote('ian807', 'A')nd short of seizing their entire country as well as all their other customers willing to pay more, how would such a thing be enforced?

[Pretorian]

$this->bbcode_second_pass_quote('GoIllini', 'W')e tried that in the 70s. Back then, they only had to spend a few hours in line. Given that we import much more of our oil today and that you've just priced the Bakken Shale out of production, try more like days instead.

The best solution to high oil prices... is high oil prices. High oil prices get people to buy smaller cars, get oil companies to drill more places (like the Bakken Shale) and bring more to market, and ultimately force the price of gasoline (or a replacement energy) back down.

[Pretorian]

$this->bbcode_second_pass_quote('Cog', 'I') can't believe you let a cornie troll take you down a 3 page thread. The whole concept of Saudi selling oil at $50, because we want them to, is retarded in the extreme.