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The Price Of Oil - Page 45

Now that is a real shock. I just hope they let the prices idle where they are for a year or two. I am sure they have a target price that they will strive for.


Wow 25 a barrel all based on China truly the Asian market is a tremendous player.

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Call for record Opec output cut

Opec leaders gather in Algeria where they are under pressure to make their biggest single cut in oil production to date.
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The Price Of Oil History & Civil Business Politics

I find it interesting that OPEC is going to cut production by 2 million barrels but that oil is still going down. Last I saw it was at $41 a barrel. I hope it still get down to less than $40 a barrel. I know that Oil inventories, Gas inventories and distillate inventories have gone up in the past few weeks. Heating oil inventories are also up. I know that the refineries have cut production of gas again. Seems that this past summer sent a serious wake up call to consumers. Now these same consumers are sending a very clear message back to the oil companies.

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Intentional or pushed by a bad economy I do question that one. It is not just the USA market but the world market that is part of the push. In times of a poor economy luxuries are first to go and in many countries car are just that.

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Gas prices here dropped to $1.659 recently, now have jumped overnight back up to $1.759. Is it the traditional holiday increase? Maybe.

The Price Of Oil

The production cut back will be the excuse and I would not expect to see it go down any further.

The Price Oil - Page 45

I do not know anymore. Watching the price of crude oil going down and now under $40 a barrel but at the same time gas prices are going up. This makes me think it is the oil companies who are trying to keep their profits higher.

The Price Oil Politics Business Civil & History - Page 45

Now when oil specifically goes up you can specifically blame it on Putin, OPEC and Russia in general.