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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi:

 
 
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Old 11-15-2008, 07:59 AM   #1
MAC
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Makes ya wonder how much of the high prices last summer were due to speculators and not supply and demand.
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Old 11-15-2008, 08:01 AM   #2
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I saw a report last week that said the oil companies need gas to stay around $3.00 so they can keep doing exploratory work.
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Old 11-15-2008, 08:32 AM   #3
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Originally Posted by MAC View Post
I saw a report last week that said the oil companies need gas to stay around $3.00 so they can keep doing exploratory work.
thats Crap...

they ALREADY know where it is !!!!!
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Old 11-15-2008, 08:03 AM   #4
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Wasn't OPEC created to regulate the supply of oil coming from the middle east and keep market prices from getting too low?

-spence
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Old 11-15-2008, 08:06 AM   #5
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Wasn't OPEC created to regulate the supply of oil coming from the middle east and keep market prices from getting too low?

-spence

How do you define too low?
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Old 11-15-2008, 08:33 AM   #6
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How do you define too low?
Low enough to keep profits up and the price from fluxuating too much.

It is their oil after all.

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