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Old 12-04-2014, 00:16   #30
Promethean
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Quote:
Originally Posted by DW2012 View Post
Hey it's funny how oil prices can go up and down with out any real change to demand and supply.

I wonder if they can manipulate bitcoin and Gold and silver along with the ability for you to be wealthy enough to retire.

The game is rigged and so far they're saying that there are too many of us on earth so go take your ebola shot flu shot and school shots and eat as much crappy food you can.

https://www.youtube.com/watch?v=PRrwmrZ0sAQ
Watched the youtube video - does the guy speak English or sarcastic? Wasn't too sure.

Anyways, there is a real change in supply as the US are importing less and less due to the increase in exploitation of unconventional oil & gas in the US. As a result, the largest consumer of energy in the world is not having to go out into the market to purchase this from OPEC countries. With the LNG facility coming online late next year at Sabine Pass, the US will actually be exporting gas for the first time in decades.

The Saudis and the other GCC countries can live with reduced $ per bbl in the short term, but will need to cut production to raise oil prices in the medium term as their economies are predicated on receiving upwards of $80bbl in order to break even with their national budgets.

It's well known that OPEC are a monopoly, they are described as such in the media, and clearly they can manipulate oil prices.
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