Comments on: NOPEC http://rhinocrisy.org/2005/08/nopec/ Mon, 01 Dec 2008 20:07:12 +0000 http://wordpress.org/?v=2.5 By: Anonymous http://rhinocrisy.org/2005/08/nopec/#comment-44 Anonymous Sun, 07 Aug 2005 19:20:31 +0000 http://rhinocrisy.org/?p=365#comment-44 NOPEC is NOBRAIN. OPEC is not keeping the price of oil high. In fact the global price has been above OPEC's top price target for a couple years now, and there is nothing OPEC can do about it. In their ideal world they'd pump more to keep prices down and reduce exploration in the less economical locations. But they can't, because they are out of easy oil, their oilfields are falling apart for lack of investment, and (in Iraq), guerrillas keep the oil from flowing. Duh. <br/><br/><a></a><a></a>Posted by<a><b> </b></a><a HREF="rhinocrisy.blogspot.com" REL="nofollow" TITLE="">hedgehog</a> NOPEC is NOBRAIN. OPEC is not keeping the price of oil high. In fact the global price has been above OPEC’s top price target for a couple years now, and there is nothing OPEC can do about it. In their ideal world they’d pump more to keep prices down and reduce exploration in the less economical locations. But they can’t, because they are out of easy oil, their oilfields are falling apart for lack of investment, and (in Iraq), guerrillas keep the oil from flowing. Duh. 

Posted by hedgehog

]]> By: Anonymous http://rhinocrisy.org/2005/08/nopec/#comment-43 Anonymous Tue, 02 Aug 2005 19:07:34 +0000 http://rhinocrisy.org/?p=365#comment-43 It might be a clever idea legally, but politically, WTF are they thinking? If they declare all their oil suppliers illegal, who will supply their next fix of oil. 2 months off Venezuelan oil and the US would be jonesing pretty badly.<br/><br/>Hi Saurabh's brother!<br/><br/> <br/><br/><a></a><a></a>Posted by<a><b> </b></a><a HREF="http://rhinocrisy.blogspot.com/2005/08/nopec.html" REL="nofollow" TITLE="dkesh at channel1 dot com">Dan</a> It might be a clever idea legally, but politically, WTF are they thinking? If they declare all their oil suppliers illegal, who will supply their next fix of oil. 2 months off Venezuelan oil and the US would be jonesing pretty badly.

Hi Saurabh’s brother!

 

Posted by Dan

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