OPEC oil under 50 US dollars

[BornAgain123]

http://translate.google.com/translate?hl=en&sl=de&u=http://www.n-tv.de/&sa=X&oi=translate&resnum=1&ct=result&prev=/search%3Fq%3Dhttp://www.n-tv.de/%26hl%3Den%26rls%3Dcom.microsoft:*:IE-SearchBox%26rlz%3D1I7RNWN

This page is weird b/c why they translate for you, when you try to copy and paste it, the pasted part won't get translated.

Anyhow-to sum it up, analysts justify the price slip due to the recent actions of the US against the financial crisis. Oil experts describe the low price as "dangerous" and warns of shortages.

[LadyJ]

looks like they are blaming the bailout. Or am I misunderstanding it?

[logosone]

Oil experts describe the low price as "dangerous" and warns of shortages.

Dangerous because they won't let this ride. Look for a manufactured incident to ramp it back up.

[Tall Timbers]

I can predict this: It'll take a long while to crawl out of this global financial mess that extraordinarily high energy prices were the greatest cause of. The world can't afford oil at $100 a barrel so if the price goes back up too far the global mess we're in will just keep on which will keep downward pressure on energy prices. If the oil producers try to keep the price too high, the pain will continue and eventually some lone ranger will come upon the world scene with a seemingly workable solution.

[logosone]

Iran will probably say or do something stupid here shortly to get everybody all excited.

[Biblenuggetlady]

Someone fill me in...low oil prices are bad; high oil prices are bad. One article I read yesterday claims the low prices are partly do to less consumption-this was bad because now there's too much oil on the market. :scratch I guess, we better reverse our Global Warming cry, because there's too much oil. Burn baby burn, instead of Drill baby drill?

Can someone give me a speed study on how oil prices are set, how this effects the dollar, what is the explanation for the wide swing in price? (I know about L. Williams conspiracy theory, but his theory tanked when "their guy" McCain didn't get into office.)

[Rebekah]

Oil experts describe the low price as "dangerous" and warns of shortages.

Anyone else think that saying this "dangerous" and "shortages" makes it become a self fulfilling prophecy? Prices have been low in the past and we haven't had any shortages. I wish they (the powers that be) would stop playing with our heads.

[Mulligan]

(I know about L. Williams conspiracy theory, but his theory tanked when "their guy" McCain didn't get into office.)

The "other guy" isn't in office yet either. ....just saying.

As Mr. Williams has pointed out many times. This is NOT a conspiracy, it's an agenda and he is not a prophet, he just passes on what he is told. The two things he nailed are fairly unnerving.

[ALS6347]

Lindsey Williams' theory still seems to be the best way to explain what is happening. All the MSM is saying is that demand is dropping but I can't imagine that demand has dropped by more than 50% in a few months. The supply of oil must be increasing.

As for McCain being "their man" he was obviously wrong or was given misinformation. However, before the election he said that they (the elite) are not God and they don't always get exactly what they want. I have to disagree with Mr. Williams because I think that "they" got exactly what they wanted.

However, aside from the thing about McCain if the price of oil continues to fall and the value of the dollar starts to plummet then there must be some truth in what he said.


Someone fill me in...low oil prices are bad; high oil prices are bad. One article I read yesterday claims the low prices are partly do to less consumption-this was bad because now there's too much oil on the market. :scratch I guess, we better reverse our Global Warming cry, because there's too much oil. Burn baby burn, instead of Drill baby drill?

Can someone give me a speed study on how oil prices are set, how this effects the dollar, what is the explanation for the wide swing in price? (I know about L. Williams conspiracy theory, but his theory tanked when "their guy" McCain didn't get into office.)

[HisAlways]

I can predict this: It'll take a long while to crawl out of this global financial mess that extraordinarily high energy prices were the greatest cause of. The world can't afford oil at $100 a barrel so if the price goes back up too far the global mess we're in will just keep on which will keep downward pressure on energy prices. If the oil producers try to keep the price too high, the pain will continue and eventually some lone ranger will come upon the world scene with a seemingly workable solution.
:thumb I agree. The astronomical $140/barrel oil, along with interest rates being hiked up way to fast, along with people buying homes they could not afford all contributed.