Xt500 Posted December 12, 2014 Share Posted December 12, 2014 It must be a scary world for you. Keep taking the tablets and try to get out more. Maybe a luncheon club, something like that? yes lower yourself to insults.From someone with your post count its a little ripe dont you think? Link to comment Share on other sites More sharing options...
JFKvsNixon Posted December 12, 2014 Share Posted December 12, 2014 Cameron is just a puppet. So who do you believe is pulling the strings to lower the worldwide price of oil to ensure that Cameron is re-elected? Link to comment Share on other sites More sharing options...
Xt500 Posted December 12, 2014 Share Posted December 12, 2014 manipulating markets is nothing new.it was done by the bush family and very well. Link to comment Share on other sites More sharing options...
Halibut Posted December 12, 2014 Share Posted December 12, 2014 manipulating markets is nothing new.it was done by the bush family and very well. Maybe you could actually answer the question? Link to comment Share on other sites More sharing options...
Xt500 Posted December 12, 2014 Share Posted December 12, 2014 Maybe you could actually answer the question? Maybe you should take your own advice and get out more lol.With that post count you must have someone fetching your food Link to comment Share on other sites More sharing options...
biotechpete Posted December 12, 2014 Share Posted December 12, 2014 To a certain extent the oil price is being manipulated. OPEC are deliberately driving the price down to make US shale less economic. But the futures markets have also contributed to the fall because they see slow growth in demand and a move by Europe to really drive down fuel use in vehicles in the next 10 years through more efficient hybrid engines. Link to comment Share on other sites More sharing options...
JFKvsNixon Posted December 12, 2014 Share Posted December 12, 2014 (edited) manipulating markets is nothing new.it was done by the bush family and very well. It wouldn't just be the markets though, OPEC operate what is for all intents and purposes a cartel. So they'd have to be nobbled as well if your crazy conspiracy theory is correct, that it's all a plan to offer a sweetener to the public. The mad detail with your crazy plan, is that most people don't actually believe that the government controls oil prices. So it would be all this effort for a stealth sweetener, that'll have no bearing at all during the election:hihi: I'm sorry, I've heard some rubbish in my time, but your little theory is right up there. ---------- Post added 12-12-2014 at 23:08 ---------- To a certain extent the oil price is being manipulated. OPEC are deliberately driving the price down to make US shale less economic. But the futures markets have also contributed to the fall because they see slow growth in demand and a move by Europe to really drive down fuel use in vehicles in the next 10 years through more efficient hybrid engines. I agree, that it does looks like OPEC has driven down the price, I thought maybe to punish Russia, but your shale theory is credible. But, lets be clear, if OPEC is manipulating the price, they are doing so because they believe it to be in their own interests to do so. Edited December 12, 2014 by JFKvsNixon Link to comment Share on other sites More sharing options...
biotechpete Posted December 13, 2014 Share Posted December 13, 2014 I agree, that it does looks like OPEC has driven down the price, I thought maybe to punish Russia, but your shale theory is credible. But, lets be clear, if OPEC is manipulating the price, they are doing so because they believe it to be in their own interests to do so. I thought OPEC included Russia. I think OPEC are not universally agreed on this strategy but they agreed in November not to cut production and shale was reported as the reason. http://www.theguardian.com/business/2014/dec/07/oil-price-down-opec-american-shale A divided Opec is now hoping that falling prices will be devastating for higher-cost US frackers, forcing them to shut down output and gradually bring balance to the wider oil markets. But according to Paul Stevens, oil expert at Chatham House, a similar strategy in the late 1980s did not encourage North Sea and other producers to halt production and the price continued to slide downwards. Link to comment Share on other sites More sharing options...
JFKvsNixon Posted December 13, 2014 Share Posted December 13, 2014 I thought OPEC included Russia. I think OPEC are not universally agreed on this strategy but they agreed in November not to cut production and shale was reported as the reason. http://www.theguardian.com/business/2014/dec/07/oil-price-down-opec-american-shale A quick google tell me that OPEC is made up of twelve members: Algeria, Angola, Ecuador, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. As I said, using a drop in price to attack the Shale industry does seem like reasonable explanation, but one thing is for sure, the lowering price of oil has ruined Russia's economy. Link to comment Share on other sites More sharing options...
Harleyman Posted December 14, 2014 Share Posted December 14, 2014 It doesn't seem that the price of an airline ticket is going down though. When the airlines increased fares they gave one of the primary reasons as being the price of a bbl of oil going through the roof Link to comment Share on other sites More sharing options...
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