Saudis Signal Support for OPEC Cut - Page 5

**Donger** · 10-19-2006, 10:19 AM

http://hosted.ap.org/dynamic/stories...10-19-09-53-09

DOHA, Qatar (AP) -- Saudi Arabia's oil minister said Thursday that his country supports OPEC's proposed 1 million barrels-a-day production cut.

"We will try to make the market balanced," Ali Naimi said, ending two weeks of silence from the world's largest oil producing nation and giving a quick jolt to oil prices.

Naimi's statement came as the cartel's oil ministers gathered in the capital of Qatar for emergency talks on cutting output after a price decline of more than 25 percent since mid-July.

Light sweet crude for November delivery rose 70 cents to $58.35 a barrel in electronic trading on the New York Mercantile Exchange.

**Donger** · 10-19-2006, 02:32 PM

Quote:

Originally Posted by bunnytrdr

This thread is just fine, I don't want to have to look for that one, I am too lazy.

Shouldn't be that hard. I posted on it a few weeks ago, I think. I wanted to see if my prediction was accurate.

http://www.chiefsplanet.com/BB/showt...light=bitching

There she is.

Calcountry · 10-19-2006, 02:33 PM

Quote:

Originally Posted by Donger

Shouldn't be that hard. I posted on it a few weeks ago, I think. I wanted to see if my prediction was accurate.

What prediction was that? You MIL needs a tan?

**Donger** · 10-19-2006, 02:35 PM

Quote:

Originally Posted by bunnytrdr

What prediction was that? You MIL needs a tan?

Post 136.

**buddha** · 10-19-2006, 02:37 PM

Corn would be a nice stop gap, but hydrogen is the way it will end up going. There are several inventors out there who have found ways to convert water into fuel and get outrageous mileage in the process. For people to be scared of hydrogen technology is silly. Hydrogen is as common an element as they come and it can be used safely.

Mr. Laz · 10-19-2006, 02:48 PM

Quote:

Originally Posted by buddha

Corn would be a nice stop gap, but hydrogen is the way it will end up going. There are several inventors out there who have found ways to convert water into fuel and get outrageous mileage in the process. For people to be scared of hydrogen technology is silly. Hydrogen is as common an element as they come and it can be used safely.

hydrogen is already here ... it's the infrastructure is what's missing.

and since the best way to set up an infrastructure is to have the gas/oil industry provide both ....... it's not gonna happen for awhile.

gas station:

pump 1 - gas
pump 2 - hydrogen

oil refinery
hydrogen production "refinery"

the conversion is a natural one ...... you just need to get them off their "oil high" long enough to do something about it.

Calcountry · 10-19-2006, 02:50 PM

Quote:

Originally Posted by Donger

Post 136.

This just proves Bill O'Reily's point. There IS somebody behind the curtain that rigs the prices for the election. How did you know this Donger?

**Donger** · 10-19-2006, 02:51 PM

Quote:

Originally Posted by bunnytrdr

This just proves Bill O'Reily's point. There IS somebody behind the curtain that rigs the prices for the election. How did you know this Donger?

Lucky guess, I suppose.

Calcountry · 10-19-2006, 02:56 PM

Quote:

Originally Posted by Laz

hydrogen is already here ... it's the infrastructure is what's missing.

and since the best way to set up an infrastructure is to have the gas/oil industry provide both ....... it's not gonna happen for awhile.

gas station:

pump 1 - gas
pump 2 - hydrogen

oil refinery
hydrogen production "refinery"

the conversion is a natural one ...... you just need to get them off their "oil high" long enough to do something about it.

It will never happen if oil doesn't run out. We have OPEC threatening to cut back on production now. Doesn't sound like it is running out?

Russia has huge reserves and are eagerly exploiting them. They just made a huge deep water find, there is more oil in Alaska, off the shores' of California, in Wyoming etc. Everywhere you look there is oil oil OIL.

No shortage of oil in the ground, just getting it to market cheaply is the trick.

Part of my theory on why Gas has tripled is due to the vast increase in the overall money supply that was created by Zero Percent interest rates that the Fed forced on us after the 9/11 attacks. They had no choice but to pump huge liquidity into the economy in order to avoid a depression. What has been troubling, is how the government has attempted to hide all the inflation that has occurred since they did this. Oil is a real commodity, and if there are too many dollars available, naturally its price is going to float upward as a result.

Real Estate is a tangible, fixed good. Have you seen the median price of homes lately? No inflation, BAH HUMBUG.

10-19-2006, 10:19 AM
Donger "Think BOOM!" Join Date: Nov 2003 Location: 33.675° N 106.475° W Casino cash: $10209900 VARSITY	Saudis Signal Support for OPEC Cut http://hosted.ap.org/dynamic/stories...10-19-09-53-09 DOHA, Qatar (AP) -- Saudi Arabia's oil minister said Thursday that his country supports OPEC's proposed 1 million barrels-a-day production cut. "We will try to make the market balanced," Ali Naimi said, ending two weeks of silence from the world's largest oil producing nation and giving a quick jolt to oil prices. Naimi's statement came as the cartel's oil ministers gathered in the capital of Qatar for emergency talks on cutting output after a price decline of more than 25 percent since mid-July. Light sweet crude for November delivery rose 70 cents to $58.35 a barrel in electronic trading on the New York Mercantile Exchange.
Posts: 181,084

10-19-2006, 02:37 PM	#64
buddha You may think you know... Join Date: Mar 2005 Location: California Casino cash: $10006184	Corn would be a nice stop gap, but hydrogen is the way it will end up going. There are several inventors out there who have found ways to convert water into fuel and get outrageous mileage in the process. For people to be scared of hydrogen technology is silly. Hydrogen is as common an element as they come and it can be used safely.
Posts: 2,183