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Saudi Arabia quits OPEC
Posted: Thu Sep 11, 2008 8:24 am
by grizzaholic
"They took their ball and went home" so to say. I think this could be really good and or really bad. If they want to flood the market with oil the others, oil producing nations, will lower their prices in turn and it could be the greatest thing since sliced bread for everyone, especially the USA. On the other hand if they want to do their own thing and sell oil at their own price while the rest of the world says screw you, countries could dictate who and how much oil went to them based on the countries' affilation with others.
http://blogs.moneycentral.msn.com/topst ... -opec.aspx
Re: Saudi Arabia quits OPEC
Posted: Thu Sep 11, 2008 10:15 am
by BigApp
good for the rest of us. It's always a good thing when cartels begin to disintegrate.
Re: Saudi Arabia quits OPEC
Posted: Thu Sep 11, 2008 10:40 am
by AZGrizFan
BigApp wrote:good for the rest of us. It's always a good thing when cartels begin to disintegrate.
Exactly.
Re: Saudi Arabia quits OPEC
Posted: Thu Sep 11, 2008 2:08 pm
by Ibanez
Hmmmm...the article didn't outright say it quits. I'd be interested in the plans of Saudia Arabia(if in fact they quit the cartel).
Re: Saudi Arabia quits OPEC
Posted: Fri Sep 12, 2008 4:30 am
by Wedgebuster
MarkCCU wrote:Hmmmm...the article didn't outright say it quits. I'd be interested in the plans of Saudia Arabia(if in fact they quit the cartel).
They are busy learning to fly airliners, but not land them.
Re: Saudi Arabia quits OPEC
Posted: Fri Sep 12, 2008 10:16 am
by Ibanez
Funny, if they truly had quit, it would be all over the news. This and the fucking gas panic have me pissed off today!
Re: Saudi Arabia quits OPEC
Posted: Fri Sep 12, 2008 11:50 am
by grizzaholic
MarkCCU wrote:Funny, if they truly had quit, it would be all over the news. This and the f**k[*] gas panic have me pissed off today!
Well there is always clubbing baby seals. If that doesn't make you happy nothing will.