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November 14, 2024, 09:33:29 AM
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ahahhahaha

 
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Aske
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ahahhahaha
« on: June 09, 2008, 10:24:46 AM »

http://money.cnn.com/2008..._oil.ap/index.htm?cnn=yes

this just about confirms that saudi arabia cant increase production because they've peaked out.

prices are too high, consumers are demanding more output!   we'd love to sell some more oil at this price but we can't get it out of the ground! and if we could, it would kill off our fields withing 5-10 years.  don't let them find out!   



feces has contacted the oscillatory cooling blades.
« Last Edit: June 09, 2008, 10:28:09 AM by Aske » Logged Return to Top

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Re: ahahhahaha
« Reply #1 on: June 09, 2008, 07:14:16 PM »

Doesn't it also suggest that a good chunk of the price of a barrel of oil doesn't have anything to do with supply and demand, but speculation in the oil markets?
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The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
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