Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Wednesday, April 15, 2009

Everything I read makes my blood boil.


OPEC again revised down its estimate for world crude demand on Wednesday, saying a "devasting contraction" in consumption would keep prices under pressure in the months ahead.

It said "vigilant monitoring is essential" ahead of the cartel's next meeting at the end of May at which some members are expected to push for further output cuts to help support prices.

"World oil demand is already out of its high demand seasonality achieving nothing but devastating contraction," OPEC said.

Devastaing contraction?...decreasing prices?...less power and control for Middle Eastern tyrants?...World oil demand is out of its high?...pardon me if I can't extrapolate all of these economic models and differential equations on supply chain economics in oil vs non oil commodities, but it seems like to me that of the countries that make up OPEC, namely, Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela, I couldn't pick out one country that wants to see America thriving. We have positioned ourselves throughout the world by joining organizations that hate us and our way of life (UN, OPEC). Why do we need these people or groups one would ask? Well, I'm asking too. Why?

Tuesday, October 21, 2008

Iran will be so easy to sit down with...




Apparently today, OPEC announced an emergency meeting in Vienna on Friday in efforts to maximize the raping of the worldwide oil consumer, and more specifically, the American consumer. Venezuela's Hugo Chavez(Sean Penn's pal), and an Mahmoud Ahmadinejad (Captain Crazy), led Iran will be among a handful of other batshit crazy countries to decide the fate of a barrel of oil. As the last several weeks have seen the prices drop to 73 some odd dollars a barrel, it seems Americans are faring too well in our current economic crisis that has millions of homes being foreclosed.

As Iran's Oil Minister Gholamhossein Nozari said earlier last week, "The era of cheap oil is finished."
Awesome.

When asked what price Iran would seek for its oil, Nozari retorted, "The more the better."
Double Awesome.

Seriously, can we contemplate sending someone to Mars, yet we, along with China, the leader in worldwide gasoline consumption, not develop something that would make petroleum worthless in 10 years? This is embarrassing.