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Is a second OPEC cut on the cards? : Comments
By Tsvetana Paraskova, published 10/3/2017The supply-cut deal has so far resulted in a surprisingly high OPEC compliance of more than 90 percent.
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Posted by Alan B., Friday, 10 March 2017 9:09:53 AM
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Posted by Ferry190, Sunday, 12 March 2017 10:02:21 PM
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And are more likely to enable/encourage the massive 1.8 trillion barrel North American Edmonton reserve to be brought online than tolerate this attempted market manipulation, by folk who no longer control enough of the production side, to continue to manipulate the price via confected scarcity!
We for our part can continue to export LNG to Asia for SFA and then make up for a quite massive shortfall by importing Asian LNG for a proverbial arm and leg.
And in the knowledge, we could by only if intelligently led, convert the bulk of our transport options to CNG, to more than halve the cost to us at the petrol pump, and just via the inherently simple expediency of keeping our own copious gas here.
And If Asia runs a little short, why then, they can use the gas some really bright spark contemplated sending here.
The sooner we stop importing refined petrol and replace all of it for the next 100 years with our own copious NG, as CNG and the other alternatives, rechargeable electric cars and thorium based baseload power. The sooner we will win back our patently purloined economic sovereignty
The sooner we can get off this mad hatter's merry-go-round, the better! The economy and the environment will thank us for the simple, easy as, pragmatism!
Even if recalcitrant preteders from both sides of the isle are seriously hurt in the hip pocket by that proposed outcome, and the only possible reason it's not already part of the economic reality of Australia and or our transport fuel options?
Fool me once, shame on you. Fool me twice, shame on me!
Alan B.