Okay so I am trying to enjoy my morning coffee and read all the headlines in the Finance world and guess what oil is at it again!  Why don't we just leave it alone!  I am tired of all the scare tactics and influence of the media!  They open their mouths and boom everyone believes that they are God and what they say goes!  The latest is Opec and how tight oil supplies are.  Okay the last justification was all the hurricanes, well people we have not had a major storm in two years but I bet its coming in the future so lets go ahead and keep prices up.   Once it was talk of a war and that happened and we still have oil.  Now the latest is blamed on Iraq- Turkey tensions, give me a break!  We have enough oil to last us, we should start using our own oil and direct the cash flow to perfecting Fuel cells, solar, hydro, or magnetics!  Opec has us by the you know what!  Just look at their palaces or dubia which is more of a natural gas country, they are building a new york city and there own island....  Wake up!  Below is a great read!  From Rueters! 

 

 
Post is included in group: Delaware Ohio Real Estate

6 Comments on whats next for the OPEC!

OCT
16
2007
1 Featured Post
Energy prices are what is driving inflation...We have to stop this maddness somewhere or it will kill us.
9:15am • #1
OCT
18
2007
1 Featured Post
Thought you would see more comments than that on this one..
8:30am • #2
OCT
19
2007
OCT
21
2007
Outside Blog

Driving 5,000 miles a month, believe me, I don't want to pay any more than I have to.!! And when I hear oil companies making record profits, that does upset me, BUT.... I must say, in comparison to other countries, our gas prices are amazingly cheap.  I do not understand how other countries pay SO much more than we do, but I am grateful our prices are not in line with theirs!!

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BTW, I see by being over the 10,000 points mark in SC, your in the top 30, congrats!!

8:23pm • #4
OCT
25
2007
I do agree with you, I have spent many months in Europe and in parts its crazy high there, we also have to remember we pay a lot in taxes as well!
8:49am • #5
NOV
02
2007
579,271 Points 34 Featured Posts Localism Sponsor Outside Blog Hit Router

Nice of John to hit you with his spam...

Back on topic.  We could eliminate the middle east from our oil picture in under ten years without altering our behavior.  Of course, because oil is  an international commodity, it wouldn't stop money from flowing there.  However, if we announced the opening of ANWR and the continental shelf, oil would drop by 25% immediately, and probably by 40% within a couple of years.  The magic number is $60/barrel, since that is the economically recoverable threshold for ANWR.  OPEC would try to get back down under that number to try to keep us from actively drilling it. 

12:22pm • #6

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Scot Thrapp

Conway, SC

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Coastal Palmetto Realty

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