OPEC to cut oil production....

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  • DateDoc
    Outside looking in.
    • Feb 2005
    • 14243
    #1

    OPEC to cut oil production....

    .....by 500,000/barrels per day. Oil was about to go under $100/barrel too.
    Tags: None
    • bhutocracy
      Not making A Comeback
      • Dec 2001
      • 10218
      #2
      Originally posted by DateDoc
      .....by 500,000/barrels per day. Oil was about to go under $100/barrel too.

      Good. I hope it never gets under $100 again. This is a good price range... not too scary high and not so low as to prevent the development of alternative energy or waste the oil we currently have in Hummers.
      Last edited by bhutocracy; 09-09-2008, 06:47 PM.

        Comment

        • camgirlshide
          Confirmed User
          • Jan 2005
          • 1558
          #3
          I agree
          long term, $100 oil is good
          Now lets work on some alternative engergy production instead of just drilling for more
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            Comment

            • marketsmart
              HOMICIDAL TROLL KILLER
              • Dec 2004
              • 20419
              #4
              this will be great... the usd will decline further...

                Comment

                • kenny
                  Confirmed User
                  • Mar 2002
                  • 7245
                  #5
                  They'll use it as an excuse to bid it up.

                  In reality they're just curbing overproduction
                  Last edited by kenny; 09-09-2008, 07:00 PM.
                  7

                    Comment

                    • Tat2Jr
                      Confirmed User
                      • Feb 2001
                      • 4882
                      #6
                      10 to 1 - that McCain will somehow spin it that it's Obama's fault..... and of course the american people will eat it up.
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                        Comment

                        • marketsmart
                          HOMICIDAL TROLL KILLER
                          • Dec 2004
                          • 20419
                          #7
                          Originally posted by kenny
                          They'll use it as an excuse to bid it up.

                          In reality they're just curbing overproduction
                          when gas hits under $3.00, then we can talk over production...

                          personally, i dont care..

                          i cant wait til europe opens tonight.. dollar going to continue to slide for the rest of the week..

                            Comment

                            • Barefootsies
                              Choice is an Illusion
                              • Feb 2005
                              • 42635
                              #8
                              Originally posted by bhutocracy
                              Good. I hope it never gets under $100 again. This is a good price range... not too scary high and not so low as to prevent the development of alternative energy or waste the oil we currently have in Hummers.
                              Agree 100%
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                                Comment

                                • kenny
                                  Confirmed User
                                  • Mar 2002
                                  • 7245
                                  #9
                                  Originally posted by marketsmart
                                  when gas hits under $3.00, then we can talk over production...

                                  personally, i dont care..

                                  i cant wait til europe opens tonight.. dollar going to continue to slide for the rest of the week..
                                  Oil and Gas have no business being at the range they're in.

                                  Thats why we see demand destruction, etc.

                                  I agree with you.
                                  7

                                    Comment

                                    • Redrob
                                      Confirmed User
                                      • Oct 2004
                                      • 4791
                                      #10
                                      I wish I had a patch of sand in the desert with a couple of wells.....

                                        Comment

                                        • After Shock Media
                                          It's coming look busy
                                          • Mar 2001
                                          • 35299
                                          #11
                                          Originally posted by Redrob
                                          I wish I had a patch of sand in the desert with a couple of wells.....
                                          Why, your evil neighbors would just sit in their patch on there side and vertical drill your ass cause your a nobody to them. If you dared to bitch or take action then you would possibly have to deal with the US military up in your ass. Well that's assuming I can use history as an indicator.

                                          [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

                                            Comment

                                            • klaze
                                              So Fucking Banned
                                              • May 2008
                                              • 2167
                                              #12

                                                Comment

                                                • directfiesta
                                                  Too lazy to set a custom title
                                                  • Oct 2002
                                                  • 30196
                                                  #13
                                                  Originally posted by After Shock Media
                                                  Why, your evil neighbors would just sit in their patch on there side and vertical drill your ass cause your a nobody to them. If you dared to bitch or take action then you would possibly have to deal with the US military up in your ass. Well that's assuming I can use history as an indicator.
                                                  That would be " slant drilling " .


                                                  http://en.wikipedia.org/wiki/Slant_drilling
                                                  I know that Asspimple is stoopid ... As he says, it is a FACT !

                                                  But I can't figure out how he can breathe or type , at the same time ....

                                                    Comment

                                                    • After Shock Media
                                                      It's coming look busy
                                                      • Mar 2001
                                                      • 35299
                                                      #14
                                                      Originally posted by directfiesta
                                                      That would be " slant drilling " .


                                                      http://en.wikipedia.org/wiki/Slant_drilling
                                                      Ok correction on the actual term.

                                                      [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

                                                        Comment

                                                        • baddog
                                                          So Fucking Banned
                                                          • Apr 2001
                                                          • 107089
                                                          #15
                                                          Isn't vertical the way they usually do it?

                                                            Comment

                                                            • bhutocracy
                                                              Not making A Comeback
                                                              • Dec 2001
                                                              • 10218
                                                              #16
                                                              Originally posted by baddog
                                                              Isn't vertical the way they usually do it?
                                                              Depends on what you call a "usual" drill. Most offshore drilling is direction drilling. Larger onshore platforms too. Small Appalachian gas drills not so much.

                                                                Comment

                                                                • Odin
                                                                  Confirmed User
                                                                  • Jan 2004
                                                                  • 2545
                                                                  #17
                                                                  Originally posted by bhutocracy
                                                                  Depends on what you call a "usual" drill. Most offshore drilling is direction drilling. Larger onshore platforms too. Small Appalachian gas drills not so much.
                                                                  Like baddog actually cared. The guy just has to leave a retarded little comment in every thread he visits, he knows jack about jack, and that won't change.
                                                                  ICQ: 637//961--015

                                                                    Comment

                                                                    • marketsmart
                                                                      HOMICIDAL TROLL KILLER
                                                                      • Dec 2004
                                                                      • 20419
                                                                      #18
                                                                      Originally posted by Chief
                                                                      Like baddog actually cared. The guy just has to leave a retarded little comment in every thread he visits, he knows jack about jack, and that won't change.
                                                                      he's delusional... its not his fault.. if you were 75 years old, you might spout nonsense too..

                                                                      you should see the shit he posts on the AARP forum, it makes no sense either...

                                                                        Comment

                                                                        • doridori
                                                                          So Fucking Banned
                                                                          • Jul 2008
                                                                          • 2222
                                                                          #19
                                                                          Originally posted by marketsmart
                                                                          this will be great... the usd will decline further...
                                                                          quite the opposite. the USD is making a great comeback. large hedge funds have had their buy positions since spring.

                                                                          this leads to the fall in crude oil prices. i believe they are denominated in USD, so as the USD rises, the oil prices must fall. one of the reasons why OPEC kinda ignored USA was because of the fall in USD, which would mean less cash for the sand playboys, and lo behold prices shot up and they are happier than ever, but once usd completely strengthens (will never happen for quite some time), oil price should be much lower than it is now.

                                                                            Comment

                                                                            • marketsmart
                                                                              HOMICIDAL TROLL KILLER
                                                                              • Dec 2004
                                                                              • 20419
                                                                              #20
                                                                              Originally posted by doridori
                                                                              quite the opposite. the USD is making a great comeback. large hedge funds have had their buy positions since spring.

                                                                              this leads to the fall in crude oil prices. i believe they are denominated in USD, so as the USD rises, the oil prices must fall. one of the reasons why OPEC kinda ignored USA was because of the fall in USD, which would mean less cash for the sand playboys, and lo behold prices shot up and they are happier than ever, but once usd completely strengthens (will never happen for quite some time), oil price should be much lower than it is now.
                                                                              i trade currency for a living... you are correct, commodities low/dollar high...

                                                                              cutting supply will make oil rise/dollar fall...

                                                                              and i am not even getting into the other factors that are making dollar fall...

                                                                              i am too tired to expand, but all the answers for this week are here: forexfactory.com/calandar.php

                                                                                Comment

                                                                                • After Shock Media
                                                                                  It's coming look busy
                                                                                  • Mar 2001
                                                                                  • 35299
                                                                                  #21
                                                                                  Originally posted by baddog
                                                                                  Isn't vertical the way they usually do it?
                                                                                  I know I was thinking horizontal but for some reason had a brain fart and typed vertical instead.

                                                                                  [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

                                                                                    Comment

                                                                                    • Manowar
                                                                                      jellyfish  
                                                                                      • Dec 2003
                                                                                      • 71528
                                                                                      #22
                                                                                      Originally posted by Redrob
                                                                                      I wish I had a patch of sand in the desert with a couple of wells.....
                                                                                      you would out-earn any other business pretty quickly

                                                                                        Comment

                                                                                        • kmanrox
                                                                                          aka K-Man
                                                                                          • Oct 2001
                                                                                          • 29295
                                                                                          #23
                                                                                          ooooohhh some folx have been watching lots of Wildcatters i seeee
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                                                                                            Comment

                                                                                            • doridori
                                                                                              So Fucking Banned
                                                                                              • Jul 2008
                                                                                              • 2222
                                                                                              #24
                                                                                              Originally posted by marketsmart
                                                                                              i trade currency for a living... you are correct, commodities low/dollar high...

                                                                                              cutting supply will make oil rise/dollar fall...

                                                                                              and i am not even getting into the other factors that are making dollar fall...

                                                                                              i am too tired to expand, but all the answers for this week are here: forexfactory.com/calandar.php
                                                                                              yea i used to be a forex trader myself. now doing investing more....daytrading was too much pressure for me.

                                                                                              there are so many other factors that we dont know.....i was just speaking sorta from whati've read from some magazines.....

                                                                                                Comment

                                                                                                • doridori
                                                                                                  So Fucking Banned
                                                                                                  • Jul 2008
                                                                                                  • 2222
                                                                                                  #25
                                                                                                  Originally posted by baddog
                                                                                                  Isn't vertical the way they usually do it?
                                                                                                  lame man lame.

                                                                                                    Comment

                                                                                                    • DarkJedi
                                                                                                      No Refunds Issued.
                                                                                                      • Feb 2001
                                                                                                      • 28301
                                                                                                      #26
                                                                                                      Originally posted by marketsmart
                                                                                                      this will be great... the usd will decline further...
                                                                                                      Actually the USD is on the rise lately.

                                                                                                        Comment

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