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Old 10-08-2006, 11:03 AM   #1
minusonebit
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Better Fill Up, OPEC is Cutting Production by 4%

Gas prices will be heading back up.

http://www.cbc.ca/world/story/2006/10/08/oil.html
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Old 10-08-2006, 12:01 PM   #2
bobby666
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thanks 4 info, i will go out and buy a car
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Old 10-08-2006, 12:05 PM   #3
SirMoby
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As we've seen, OPEC has very little control on the real oil prices. They won't go up until after the US election in November. Then within 6 weeks they'll be back to the PNAC norm.
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Old 10-08-2006, 12:06 PM   #4
WarChild
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Way to appreciate only a single factor in gas pump pricing.

Venezuela, Russia don't care what OPEC says.
The US buys more oil from Canada than any other single source.
No hurricane damage yet to production facilities in the USA.
Chevron discovers new rich deposit of oil deep beneath the sea in the Gulf of Mexico.
Oil stocks and commodities falling back down slowly losing their recent gains.

Now you have an appreciation for a few more of the factors.
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Old 10-08-2006, 12:06 PM   #5
TeaseumGirls
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I shit my pants when gas dropped to 2.38 here almost a dollar cheaper than earlier this year!
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Old 10-08-2006, 12:13 PM   #6
s9ann0
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fucking terrorists stealing our gas
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Old 10-08-2006, 12:13 PM   #7
stickyfingerz
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Quote:
Originally Posted by TeaseumGirls View Post
I shit my pants when gas dropped to 2.38 here almost a dollar cheaper than earlier this year!
2.15 here. I predict it hits below 2.00 prior to Christmas.
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Old 10-08-2006, 12:29 PM   #8
Trax
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you guys are fucking idiots lol
go get some economics classes
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Old 10-08-2006, 12:34 PM   #9
Dirty Dane
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With the taxes we have on oil here, 4% is a fart
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Old 10-08-2006, 12:46 PM   #10
MaddCaz
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fuggin BULLSHIT
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Old 10-08-2006, 10:05 PM   #11
minusonebit
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Quote:
Originally Posted by SirMoby View Post
As we've seen, OPEC has very little control on the real oil prices. They won't go up until after the US election in November. Then within 6 weeks they'll be back to the PNAC norm.
Already going up in Asia...

http://www.iht.com/articles/ap/2006/...Oil_Prices.php
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Old 10-08-2006, 10:08 PM   #12
Sly
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Everything I was going to say was already covered. OPEC does not have the power they once had. New oil fields and technologies are popping up all over the world.

Venezuela needs a new trick.
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Old 10-08-2006, 10:11 PM   #13
squishypimp
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i hate how the opec nations have our balls in a vice and love to remind us of that.
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