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The Forum > Article Comments > For how long can OPEC talk up oil prices? > Comments

For how long can OPEC talk up oil prices? : Comments

By Julieanne Geiger, published 13/10/2016

When the size of the production cutóbetween 240,000 and 740,000 barrels per dayówas announced, one could feel the weight of the disappointment within the industry overall.

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For some time now, petol prices have been at the lower end of the scale most of the time. Stop whining and expecting to get something for nothing.
Posted by ttbn, Thursday, 13 October 2016 9:38:56 AM
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Putin's puppets are at it again and dancing to the evil master's tune? We need leaders who are not going to take it anymore! But get a divorce from OPEC! We need to get off this economy destroying treadmill and roll-out thorium sourced power; and with it the affordable synthetic hydrocarbons created out of seawater! Already proven technology!

And given the processing is accomplished using clean cheap safe thorium energy, marketed at the pump as ready to use fuel for less than it costs Putin to pump it from the ground?

And share the technology with those countries now the captive market of miscreants, who channel some or all their petrodollars into armed adventure, imposed from without, control or terrorist activities/financing!?

Look 8 grams of thorium costing as little as $100.00 to recover, can power your car for the next 100 years without refueling! Or for a little more, your truck or tractor etc! Why, just prior to successful ICBM technology, we even had plans on the drawing board for thorium powered propeller driven planes?

And there are flying hybrid cars, with a current range of around five hundred nautical miles at a cruising speed of two hundred miles per hour.

That might be converted to thorium power? Making a trip anywhere in an entirely autonomous VTL passenger vehicles a very real possibility? Thereby putting the tyranny of distance into the past!

Time for (greed is good) OPEC to feel the economy killing financial pain instead of creating or causing it!

Only government and political decision makers alone is all that prevents the roll-out of this abundant, safe clean carbon free energy!

We're endlessly told, the world owes no one a living and that there are no free lunches! Unless of course you're a market manipulating oil baron or OPEC!

Time to stop jumping as the puppet masters jerk the strings! Cut, cut, caddackit?
Alan B.
Posted by Alan B., Thursday, 13 October 2016 11:38:43 AM
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In a market with falling demand it is the storage inventories that
sets the market price in the shorter term.
The longer term is illustrated by Shell's problems.

http://crudeoilpeak.info/royal-dutch-shells-upstream-earnings-peaked-2008-now-in-the-red

Not that Shell has this problem all on its own.
Posted by Bazz, Monday, 17 October 2016 4:46:52 PM
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