by mididoctors » Fri 18 Feb 2011, 11:11:35
$this->bbcode_second_pass_quote('meemoe_uk', '')$this->bbcode_second_pass_quote('', 'm')oreover the above ground issues you highlight will more than likely compound to keep it on this plateau irrespective of the geology because a plateau centric cartel could only be broken by a massive influx of cheap oil..
What a confusing mess of figures you weave mididoctors. I've picked this bit out because it's the oddest.
One reason the anglo-american cartel rock the price up and down to shake off competition. When the price is up, all oil companys inside and outside the cartel stand to make lots of money. When it's down, only the cartel can survive the lack of income.
In a couple of years, once the anglo-american majors have fully settled into the middle east, they will want to flood the market with oil, and bring the cost of a barrel way down.
This will kill off all the non-cartel independant energy companys that have sprouted up all over the world in the sunlight of high oil prices.
One of the ideas at the mo is to create an false bottom in the price, e.g. $80, with plenty speculation for higher prices, then crash the price as suddenly as possible. This way energy companys are more likely to be caught with their pants down strung out on loans and business plans that rely on long term high oil prices.
I estimate about 2014-15 a price crash. The price will be low. Not more than $30 a barrel, and it will stay down. The worlds latest crop of free energy enterprise, created by the recent high oil prices, will be forced to hand over their companys to the cartel banks.
So the anglo-american cartel will have solid control over the vast majority of the world's oil supply.
doesn't matter if its false.. infact I think all prices are in a way false.. my point is that production will be capped by cartel behaviour irrespective of actual production capacity...
the above ground factors at any one instant in time can only act to keep the oil in the ground and the more that are introduced the more oil stays untapped and shut in?
a plea to above ground factors by yourself is an admission that production is at the margins because only then can those who ordinarily have a small influence can now effect price greatly.
moreover.....and this is important the price will not of itself bear a direct correlation to the amount of oil coming out of the ground
we know this to be true... your argument is based on this premise