Thread: Was a deal cut for lower Oil Prices

Originally Posted by Foolardi

The price of oil is not driven by Supply & Demand as much as flat out demand.
During the aftermath of Katrina gas was expensive because of demand.The demand
was high.The World is awash in Oil.When the price of Oil is at it's highest it's because demand
is spiking Upward and knowing this OPEC decides to cut back on their production.
When a real Supply crisis happens you'll know it.Gas Stations will ration gas first
{ limit of 10 gallons per vehicle } and then signs reading ... OUT OF GAS.
Like what happened in the 70's under Carter.One reason the price of gas is down is because
of the Economy and people driving less.They can't afford to drive as much as they did
3-4 years ago.

Katrina was an aberration.. because the hurricane shut down drilling, refining, tanker off loading and distribution of refined product.

Hasn't got a bloody thing to do with this strategy to cripple the economy of Iran.

The price per barrel was the HIGHEST in history under Bush when it went to $148 per barrel.

Originally Posted by Margot

Donald Trump is a liar and a fool..

More so the former than the latter. I seriously doubt US foreign policy towards Saudi Arabia would change significantly whether its Obama or Romney so it doesn't really matter to the Saudis either way.

Originally Posted by Ronald0

More so the former than the latter. I seriously doubt US foreign policy towards Saudi Arabia would change significantly whether its Obama or Romney so it doesn't really matter to the Saudis either way.

Saudi Arabia has been a staunch US ally since 1940.. no matter who was in office.

IMO.. they find it amusing that we change leadership every few years after a barrage of campaign lies..

Which was a lively topic of discussion with young Saudi jouralists the last time I was in Arabia.

Originally Posted by Foolardi

The price of oil is not driven by Supply & Demand as much as flat out demand.

Are you serious dude? The price of gas is most certainly governed by the law of supply and demand, as is everything in the economy.

Originally Posted by Margot

Saudi Arabia has been a staunch US ally since 1940.. no matter who was in office.

IMO.. they find it amusing that we change leadership every few years after a barrage of campaign lies..

Which was a lively topic of discussion with young Saudi jouralists the last time I was in Arabia.

Yeah I know. Saudis do mock the US system of democracy. I do remember reading a few gems from them on it.