What about this off the wall idea...Saudi Arabia has calculated that world oil peak is right now, and by refusing to cut production they are protecting themselves from the international backlash? When depletion exceeds new production they will be able to pass the buck saying truthfully that they are still pumping oil as fast as they can.
Meanwhile the tight shale industry in North America collapses and then gets blamed for not supplying the oil the world needs at the start of the down slope. Internationally it is all America's fault, not OPEC.
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Say it ain't so Saudi Arabia!!!!!
Re: Say it ain't so Saudi Arabia!!!!!
by Subjectivist » Mon 22 Dec 2014, 12:32:32
II Chronicles 7:14 if my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then I will hear from heaven, and I will forgive their sin and will heal their land.
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Re: Say it ain't so Saudi Arabia!!!!!
by Subjectivist » Mon 22 Dec 2014, 14:12:05
$this->bbcode_second_pass_quote('pstarr', 'I') don't see much calculation, other than the correct observation that OPEC is dead. The membership is in disarray, I suspect management correctly deduces that oil revenues keep them in office. And out of the guillotine.
Very cynical. Why do you believe OPEC is dead, this is their hour of triumph!
II Chronicles 7:14 if my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then I will hear from heaven, and I will forgive their sin and will heal their land.
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Re: Say it ain't so Saudi Arabia!!!!!
by ROCKMAN » Mon 22 Dec 2014, 16:20:38
"Why do you believe OPEC is dead". Or maybe one could ask if it were ever "alive". Step back and look at the big picture; over the last 40 years has OPEC be more proactive (from a practical sense) or reactive? Did OPEC drive the price of oil up in the late 70's so they could drive the price down just a few years later? Did OPEC drive the prices up in the oil to push the US into the '08 recession and crush oil prices? Did OPEC allow prices to rise so high in the last several years to provide incentive for non-OPEC producers to increase their production? Did OPEC force the price of oil down to kill the incentive they had just provided to non-OPEC producers?
Or maybe all that has come to pass falls into the category of "sh*t happens" and all OPEC, Russia, China, ExxonMobil, Chesapeake, etc. have been doing is just reacting to circumstances beyond their control?
Or maybe all that has come to pass falls into the category of "sh*t happens" and all OPEC, Russia, China, ExxonMobil, Chesapeake, etc. have been doing is just reacting to circumstances beyond their control?
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Re: Say it ain't so Saudi Arabia!!!!!
by Subjectivist » Mon 22 Dec 2014, 16:42:49
$this->bbcode_second_pass_quote('ROCKMAN', '&')quot;Why do you believe OPEC is dead". Or maybe one could ask if it were ever "alive". Step back and look at the big picture; over the last 40 years has OPEC be more proactive (from a practical sense) or reactive? Did OPEC drive the price of oil up in the late 70's so they could drive the price down just a few years later? Did OPEC drive the prices up in the oil to push the US into the '08 recession and crush oil prices? Did OPEC allow prices to rise so high in the last several years to provide incentive for non-OPEC producers to increase their production? Did OPEC force the price of oil down to kill the incentive they had just provided to non-OPEC producers?
Or maybe all that has come to pass falls into the category of "sh*t happens" and all OPEC, Russia, China, ExxonMobil, Chesapeake, etc. have been doing is just reacting to circumstances beyond their control?
Or maybe all that has come to pass falls into the category of "sh*t happens" and all OPEC, Russia, China, ExxonMobil, Chesapeake, etc. have been doing is just reacting to circumstances beyond their control?
Gee Rockman, how is a guy supposed to get a conspiracy theory going when you dump common sense all over it like that?
II Chronicles 7:14 if my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then I will hear from heaven, and I will forgive their sin and will heal their land.
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Re: Say it ain't so Saudi Arabia!!!!!
by ROCKMAN » Mon 22 Dec 2014, 17:21:43
Sub - You know how the say you're not really being paranoid if “they” are really conspiring against you? It’s also true that sometimes when it looks like “they” are conspiring against you that in reality they don’t really give a sh*t about what’s happening to you: “they” are just reacting to the situation in a manner that best serves “their” interests.
It like someone throwing a rock at you: you duck and it hits me. You didn’t conspire to see me hurt. You could have taken the rock in the head and saved me. But you didn’t, you bastard! LOL. You were only thinking of yourself.
Just as I’m sure the KSA/OPEC is just thinking of themselves these days.
It like someone throwing a rock at you: you duck and it hits me. You didn’t conspire to see me hurt. You could have taken the rock in the head and saved me. But you didn’t, you bastard! LOL. You were only thinking of yourself.
Just as I’m sure the KSA/OPEC is just thinking of themselves these days.
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Re: Say it ain't so Saudi Arabia!!!!!
by Newfie » Mon 22 Dec 2014, 20:04:05
I like that Rock. I'm not big on blaming "them" myself.
Makes us a rare breed.
Makes us a rare breed.
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Re: Say it ain't so Saudi Arabia!!!!!
by rockdoc123 » Mon 22 Dec 2014, 20:40:53
$this->bbcode_second_pass_quote('', 'W')hy? Because Saudi Arabia promised 12 mbpd back in 2006, 2007, and 2008 and never delivered
BS. What they promised was they would raise spare capacity to 12 MMbpd not production. By all accounts they completed all of the megaprojects with the exception of Manifa which was postponed and hence brought spare capacity to just short of 12 MMbpd.
Since then whenever they have been called on to increase production they have (eg: 300 Kbpd to offset Libya losses).
This current overproduction is about market share....regardless of what Al Naimi is saying in the press.
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Re: Say it ain't so Saudi Arabia!!!!!
by Subjectivist » Mon 22 Dec 2014, 23:45:13
$this->bbcode_second_pass_quote('pstarr', 'R')ockdoc, capacity (at least to my limited non-professional mind) translates to intentions, good or otherwise.
That is just silly. Every LEO has a fire arm and the capacity to use it, yet very few of them ever fire one at another human being. By your logic civilians should fear every police official because of their capacity to do violence.
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