Is OPEC Actually Dying?

Darth_Flava · 12-02-2008, 10:02 PM

Are we watching the death of OPEC? - MSNMoney

Very interesting article. I don't read too many different news sources so I'm not sure how truthful MSN is.

To be honest with you, I rather enjoy not having to pay $2.99 per gallon of gas. I can finally use $20 and see my gas gauge go all the way up to full. I was wondering how everyone else feels about the current energy crisis?

***CaptHayfever*** · 12-02-2008, 10:39 PM

I thought prices went up in an energy crisis.

And remember, "I'm-a Luigi, number one!"

Robotazy · 12-03-2008, 08:42 AM

BIZARRO. I LOVE YOU. BIZARRO. I LOVE YOU.

Darth_Flava · 12-03-2008, 01:09 PM

Apparently not, even though that is what the countries are trying to get to happen. This situation reminds me of those cartoons where a group find some really spooky mansion and they all dare each other to go in but no one will. That is sorta what is happening right now.

***CaptHayfever*** · 12-03-2008, 10:05 PM

Well, isn't that what happened in the 70s energy crisis, prices went up?

And remember, "I'm-a Luigi, number one!"

Lurch1982 · 12-03-2008, 10:21 PM

Depends who you ask. Net importers of petroleum: crisis. Net exporters of petroleum: pop the campaign corks.

Though the major difference in the 1970s and the last few years was that OAPEC actually embargoed the oilflow in response to the US resupplying Israel in the Yom Kippur war. The last two years has been mostly market-forces at work, with speculation investment driving the price through the roof.

OPEC hasn't really been as effective since then, especially with several developing countries jumping into the mix. Russia (Not OPEC member) has been screwing up their plans for at least a decade by basically flipping the switch and letting oil flow freely.

Saying OPEC is potentially dying because of member dissent is pretty silly at this point. Its like saying the WTO is dead because of the Developing G-20 revolt during the Doha Rounds.

***Cosmonautical*** · 12-04-2008, 10:33 PM

Heaven forbid OPEC members have to actually compete to the benefit of consumers. Who could imagine such a thing.

Darth_Flava · 12-04-2008, 11:25 PM

Quote:

Originally Posted by DELICIOUS POISON

Heaven forbid OPEC members have to actually compete to the benefit of consumers. Who could imagine such a thing.

Lol I know.

As far as OPEC dying, I hold them actually being destroyed with a grain of salt. I do think however that this whole issue is some of that karma coming to bite them back on the ass.

12-02-2008, 10:02 PM	#1
Darth_Flava Junior Member Join Date: Jun 2005 Location: North Carolina Gender: Posts: 137 Thanks: 2 Thanked 7 Times in 7 Posts	Is OPEC Actually Dying? Are we watching the death of OPEC? - MSNMoney Very interesting article. I don't read too many different news sources so I'm not sure how truthful MSN is. To be honest with you, I rather enjoy not having to pay $2.99 per gallon of gas. I can finally use $20 and see my gas gauge go all the way up to full. I was wondering how everyone else feels about the current energy crisis?

12-02-2008, 10:39 PM	#2
*CaptHayfever* Smash SuperMod Join Date: Jul 2002 Location: (n) - the place where I am Gender: Posts: 27,661 Thanks: 1,991 Thanked 2,486 Times in 1,513 Posts	I thought prices went up in an energy crisis. And remember, "I'm-a Luigi, number one!"

12-03-2008, 08:42 AM	#3
Robotazy PRESS ANY KEY TO PANIC! Join Date: Sep 2000 Location: A Tiny Shed Gender: Posts: 16,483 Thanks: 529 Thanked 1,254 Times in 897 Posts Blog Entries: 46	BIZARRO. I LOVE YOU. BIZARRO. I LOVE YOU.

12-03-2008, 01:09 PM	#4
Darth_Flava Junior Member Join Date: Jun 2005 Location: North Carolina Gender: Posts: 137 Thanks: 2 Thanked 7 Times in 7 Posts	Apparently not, even though that is what the countries are trying to get to happen. This situation reminds me of those cartoons where a group find some really spooky mansion and they all dare each other to go in but no one will. That is sorta what is happening right now.

12-03-2008, 10:05 PM	#5
*CaptHayfever* Smash SuperMod Join Date: Jul 2002 Location: (n) - the place where I am Gender: Posts: 27,661 Thanks: 1,991 Thanked 2,486 Times in 1,513 Posts	Well, isn't that what happened in the 70s energy crisis, prices went up? And remember, "I'm-a Luigi, number one!"

12-03-2008, 10:21 PM	#6
Lurch1982 Senior Member Join Date: May 2000 Location: DenCo Gender: Posts: 9,850 Thanks: 127 Thanked 365 Times in 192 Posts	Depends who you ask. Net importers of petroleum: crisis. Net exporters of petroleum: pop the campaign corks. Though the major difference in the 1970s and the last few years was that OAPEC actually embargoed the oilflow in response to the US resupplying Israel in the Yom Kippur war. The last two years has been mostly market-forces at work, with speculation investment driving the price through the roof. OPEC hasn't really been as effective since then, especially with several developing countries jumping into the mix. Russia (Not OPEC member) has been screwing up their plans for at least a decade by basically flipping the switch and letting oil flow freely. Saying OPEC is potentially dying because of member dissent is pretty silly at this point. Its like saying the WTO is dead because of the Developing G-20 revolt during the Doha Rounds.

12-04-2008, 10:33 PM	#7
*Cosmonautical* Join Date: Aug 2002 Location: I rub my tilde all over your asterisk Gender: Posts: 28,100 Thanks: 2,151 Thanked 5,338 Times in 2,433 Posts	Heaven forbid OPEC members have to actually compete to the benefit of consumers. Who could imagine such a thing.