I agree with that to some extent, math. However, I can't imagine that demand has been reduced enough to warrant such a drastic precipitation in prices. The political climate has no doubt been favorable to market manipulation since there has been a refusal to simply investigate such claims.
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Yeah there's more to oil prices than supply & demand.... No shit Sherlock.
OPEC has been slashing production for years. Yet prices kept going up and up. And the market manipulation finally caught up with them. I mean their vowing to keep slashing productions to artificially raise it to $90 a barrel should be enough proof of their true intentions.Comment -
You really don't think controlling the supply of the second largest oil reserve in the world gives you the power to possibly manipulate the market? Come on. You have to have more sense than that.Originally posted by mathdotcomComment -
So in your opinion, Ganchrow is worthless to the forum?Doesn't anyone here post bets? What's the purpose of bragging about always winning in sports betting but never post a bet? People that don't post bets are useless to the forum.Comment -
It's not just short term demand, though. It's the decreased expected demand in the future.I agree with that to some extent, math. However, I can't imagine that demand has been reduced enough to warrant such a drastic precipitation in prices. The political climate has no doubt been favorable to market manipulation since there has been a refusal to simply investigate such claims.Comment -
Whether the Iraqi wells are operated by Americans or Iraqis, the effect on the world price is going to be the same. I could see an argument for invading Iraq to own the wells because they're valuable, but not if you care about keeping the price of oil down.
To all of the people claiming it's due to speculators: how do you as a speculator "manipulate" the market? These guys are just trying to make their best guess about what the price of oil is going to be. Just like we try to make our best guess about the outcomes of football games. How would any of us individually manipulate the betting market?
Kobe, whatre you talking about? Of course slashing production is going to increase prices. That's exactly demand and supply right there.Comment -
How do oil men make money dummy? Higher oil prices = higher profits. Did u miss the news that oil companies are raking in record profits, even overtaking Wal-Mart?Originally posted by mathdotcom
Look at who benefited from the invasion. Cheney's oil company Haliburton gets a $7 Billion no-bid contract from Bush as it's on the brink of bankruptcy. Bush's pals at Saudis rake in record profit. His buddies at Exxon and others rake in record profits.
Higher profits mean higher taxes which Bush uses to fund his war. So each American driver is paying thousands more per year in taxes without Bush actually raising taxes like his daddy did. Then give u idiots $300 in stimulus checks to make u idiots think he's Santa.
You neo-nitwits kill me with ur stupidity.Comment -
The decrease in demand we've already experienced, and the expected future declines in demand as donjuan mentions, are huge factors. If noone wants to buy oil, it doesn't matter how much OPEC restricts output.
People prefer conspiracy theories because they can be made consistent with their political views ("capitalists just manipulate the market to screw the working man") and can never be refuted. You can make up the most ridiculous stories and can never be proven wrong.Comment -
Originally posted by daggerkobeThis graph would suggest otherwise:Originally posted by daggerkobe
If you're going to make a statement - especially multiple times - make sure it's true. Not doing do has a habit of making you look a twat.Originally posted by pags11Originally posted by BuddyBearOriginally posted by curiousComment -
I am certainly no conspiracy theorist. However, if you believe that people are not trying to manipulate markets on the Street every day, then you are completely oblivious to the greed and agendas of corporations. There was most certainly a window of opportunity for manipulation and it won't be the last time. There is absolutely no reason that the calls for investigation were not met. Unless, of course, there is the fear of exposition..Comment -
I think that is daggerkobe's goal.If you're going to make a statement - especially multiple times - make sure it's true. Not doing do has a habit of making you look a twat.Comment -
Trying to manipulate is different from succeeding.
Anyways, guys, got to go. Gonna go try and manipulate the weather.Comment -
The graph show production has been dropping since 2005.... that's 3 years.
Thanks for proving me right.
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It hasn't been strictly decreasing for 3 years - are you unable to read a graph properly? Nor has production been "slashed" - unless you equate "decreased" with "slashed" in which case you better hurry up, the short bus is waiting to take you home.Originally posted by daggerkobeThe graph show production has been dropping since 2005.... that's 3 years.
Thanks for proving me right.Originally posted by pags11Originally posted by BuddyBearOriginally posted by curiousComment -
Are you saying that market manipulation is never successful? You have a lot to learn if you truly believe that.Originally posted by mathdotcomComment -
Better use some eyedrops. Graph clearly shows major drop in production since 2001.Comment -
Originally posted by durito
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You're joking, you can't read a graph, can you?Originally posted by daggerkobe
Data from Energy Information Administration:
2001 average OPEC oil production: 32,206 TBPD
2002 average OPEC oil production: 30,265 TBPD
2003 average OPEC oil production: 31,877 TBPD
2004 average OPEC oil production: 34,449 TBPD
2005 average OPEC oil production: 36,092 TBPD
2006 average OPEC oil production: 35,832 TBPD
2007 average OPEC oil production: 35,421 TBPD
2008 average OPEC oil production: 36,996 TBPD (8 month average)
Obviously anti-slashed from 2001, then?
Originally posted by pags11Originally posted by BuddyBearOriginally posted by curiousComment -
kobe pwned againComment -
daggerkobe is further proof that No Child Left Behind simply isn't working.Originally posted by pags11Originally posted by BuddyBearOriginally posted by curiousComment -
Again, u are proving me right.
Me: OPEC has been slashing production for years.... while prices has continued to climb.
Tell me how ur graph and stats disprove this?
Are u saying OPEC hasn't slashed production? Your own evidence proves otherwise. Seriously, get some more eyedrops.Comment -
seriously I resemble Caldwell right now cause I'm shocked at Tacos stupidity.
You posted a graph that shows a clear slash in production since 2005. Then he posts statistics that also show slash in production. I guess he posted the latter cause the numbers look smaller but it's daily production, right? Add it up for the year and you'll see how much was really slashed.Comment -
Maybe the fact that production has risen overall between 2001 and 2008 and the average production is higher in 2008 than any year between 2001-2007. here's a clue - which year has the highest oil production? Ask a grown-up for help if need be.Originally posted by daggerkobe
2001 average OPEC oil production: 32,206 TBPD
2002 average OPEC oil production: 30,265 TBPD
2003 average OPEC oil production: 31,877 TBPD
2004 average OPEC oil production: 34,449 TBPD
2005 average OPEC oil production: 36,092 TBPD
2006 average OPEC oil production: 35,832 TBPD
2007 average OPEC oil production: 35,421 TBPD
2008 average OPEC oil production: 36,996 TBPD (8 month average)
Yes, I say that OPEC has NOT been slashing production for years. Please show ms something in those figures what suggest otherwise.Originally posted by daggerkobeOriginally posted by pags11Originally posted by BuddyBearOriginally posted by curiousComment -
1) Define "slash"Originally posted by daggerkobe
2) Show me something in the EIA figures which show "slashing production for years". BTW, a 1% fall in production doesn't constitute a slash.
Remember, you can ask a grown up for help.Originally posted by pags11Originally posted by BuddyBearOriginally posted by curiousComment -
2005-2007 does not show a slash in production?
If u say so, I have normal sized eyes and can't see that well in the dark.
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2005 average OPEC oil production: 36,092 TBPD
2006 average OPEC oil production: 35,832 TBPD
2007 average OPEC oil production: 35,421 TBPD
2008 average OPEC oil production: 36,996 TBPD (8 month average)
looks like a decrease of ~ 200 and then 400. Wow, they really turned the taps off. Especially between 2007 and 2008, they slashed production by -1500!Comment -
2005-2006 - production decreased by 0.72%Originally posted by daggerkobe2005-2007 does not show a slash in production?
If u say so, I have normal sized eyes and can't see that well in the dark.
2006-2007 - production decreased by 1.14%
You're the only person who thinks that an average decrease in production of 1% p.a. equates to a slash.
Incidentally, from 2005-2008 YTD, production has increased 3.15%. From that, only a retard would deduce that OPEC has been slashing production for years.Originally posted by pags11Originally posted by BuddyBearOriginally posted by curiousComment -
Here are some production numbers:
2008 Jul 30.310 million
Aug 30.410
Sep 30.180
Oct 29.110
OPEC slashed 1.5M a day for Nov.
So I have no idea where Mr Owl is getting his numbers from. Must be including nonOpec countries also. Can't check on my iPhone until I get home.
I like how he says "only"..... OPEC slashed close to 4,000,000,000 US gallons from 2005 to 2006. Enough to power US cars for 2 weeks.
I will get back to the rest of ur stats Mr Owl.
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What's your point?Originally posted by daggerkobe
Your original point was that OPEC had slashed production for years. We're not talking about what has been happening in the last few months. Seems like when you're beaten on one level, you just change the original debating point.
Column F:Originally posted by daggerkobe
Now you're making yourself look at absolute tool.Originally posted by daggerkobe
The fall between 2005 and 2006 was 0.72%. It doesn't matter how many gallons that represents - you just seem to want to to sound like a really big figure. Why not quote it in fluid ounces - then the number would be REALLY big?
Anyway, the data is there. I'm not wasting anymore time arguing with a high school dropout. I might return if you can find another retard who agrees with what you're saying - at the moment, this is just painful.Originally posted by pags11Originally posted by BuddyBearOriginally posted by curiousComment -
I refrain from talking logical solutions to issues with Fagger because he is like a whore. Even though she knows she is wrong, the cunt keeps spewing trying to win.Comment -
You can argue all u want Mr Owl but you can't change history. Production from 2005-7 were slashed no matter how small u make it out to be.
Drop in production matters these past months as they will and should be used to calculate daily output for 2008. You're not going to like Nov and Dec as they've been slashed to 10 year lows.
But again I can't view your numbers until I get home. I am sure you screwed it up.
Goodnight Mr Owl.... give a hoot don't pollute.Comment -
Deucebag went from saying 25 million would be laid off from Big 3 to 3 million in 48 hours. I guess listening to the news and not the tooth fairy finally smartened him up.
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The reason to invade Iraq is not to keep oil pricer down, but to control oil market which Europe is dependent on. And have influence in the region.bird bird da bird's da wordComment
