Nigeria/Opec Cut Oil Production

[martybegan]

The cardinal rule of the oil business is that the oil business hates a warzone. Dubya forgot that when he invaded Iraq.

It hates being called an industry that must be phased out even more.

Particularly when the alternatives aren't up to snuff yet, or in the case of Nuclear, thought of as just as bad.

 

[pknopp]

Speculation is created by uncertainty, and we had that before Ukraine and will have it after.

Why should oil companies invest in upgrades if the goal of the current government is to eliminate them as an industry?

Speculation is caused by speculators.

 

[martybegan]

Speculation is caused by speculators.

And by actual purchasers hedging bets.

 

[pknopp]

And by actual purchasers hedging bets.

They are small in numbers. As I noted earlier, things were pretty stable for decades until the speculators got involved.

 

[martybegan]

They are small in numbers. As I noted earlier, things were pretty stable for decades until the speculators got involved.

Always the evil capitalists to blame....

 

[pknopp]

Always the evil capitalists to blame....

Tis what it is.

 

[Polishprince]

Nigeria’s Oil Production Dips by 56.5m Barrels in Six Months

Nigeria’s crude oil production dipped by a cumulative 56.559 million barrels in the first six months of 2021 compared with the quantity pumped during the same period last year, documents from…

www.arise.tv

THIS is why gas prices are going up

Sure.

But they wouldn't have cut production if America hadn't quit exploring in ANWR and other areas, or hadn't shut down the pipeline. Nigeria would be concerned about maintaining market share if America hadn't decided to get rid of Trumpian energy self-sufficiency.

 

[martybegan]

Tis what it is.

Tis what you picked up from your Marxist economic professor last semester.

 

[pknopp]

Tis what you picked up from your Marxist economic professor last semester.

I've posted valid links explaining how things went from stable to irrational.

 

[martybegan]

I've posted valid links explaining how things went from stable to irrational.

You posted data, and you then made a conclusion, you didn't prove anything.

 

[pknopp]

You posted data, and you then made a conclusion, you didn't prove anything.

Right, it never happened. LOL

 

[Bootney Lee Farnsworth]

Nigeria’s Oil Production Dips by 56.5m Barrels in Six Months

Nigeria’s crude oil production dipped by a cumulative 56.559 million barrels in the first six months of 2021 compared with the quantity pumped during the same period last year, documents from…

www.arise.tv

THIS is why gas prices are going up

Whatever bullshit reason you think gas prices are astronomical, one thing is for certain!!!!

Bitches

 

[Fort Fun Indiana]

I want you people driven so far out of office you'll never be heard from again.

I'll pay 10 bucks a gallon easy.Hell make it 20

Better find a way to "find" 7 million votes, then.

 

[Uncensored2008]

There are no shortages.

So it's just greedy oil companies, right? Joe Biden isn't to blame..

 

[pknopp]

So it's just greedy oil companies, right? Joe Biden isn't to blame..

I explained my position and I did not say a word about the oil companies other than to note that since there are no shortages they have no reason to pump more.

But explaining anything to you is a bit of a waste of time.

 

[Uncensored2008]

Better find a way to "find" 7 million votes, then.

You honestly have no clue just how deeply hated you Nazis are, do you?

 

[Fort Fun Indiana]

You honestly have no clue just how deeply hated you Nazis are, do you?

View attachment 610810

Irrelevant whining. You sound like you are slightly retarded.

 

[Uncensored2008]

Irrelevant whining. You sound like you are slightly retarded.

What a clever reply. I'll bet it took BOTH of your brain cells.

 

[Fort Fun Indiana]

What a clever reply. I'll bet it took BOTH of your brain cells.

Haha, someone is begging for my attention.

Rough day in Boys' Town?

 

[Uncensored2008]

Haha, someone is begging for my attention.

Rough day in Boys' Town?