GolfHos

General => The Cantina => Topic started by: Aske on June 09, 2008, 10:24:46 AM



Title: ahahhahaha
Post by: Aske on June 09, 2008, 10:24:46 AM
http://money.cnn.com/2008/06/09/news/international/saudi_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.


Title: Re: ahahhahaha
Post by: MFAWG 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?