could see oil at $25 a barrel, bank predicts

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this is the same bank that predicted $200/barrell by christmas back in june.
 
there's an opec meeting next week to cut production.

they want 100/bl prices
it wont do any good though. there are only a couple countries that want to cut production to boost prices. when there is market parity, you can't win. so what if they cut production, it wont help the sales. and opec is about to crash. they have too many differences in how to handle production.
 
if opec crashes, we will be walking for a while....

OPEC is simply the organization. If OPEC were to disband, we would be no worse for the wear, in fact we would be in a much better situation. This of course is the very reason why OPEC formed.
 
OPEC is a cartel formed for only price fixing. The US is not involved with OPEC and the treaties possessed by the sovereign nations that formed it protect it form antitrust laws.

If OPEC were to break up, each oil producing country would have to compete with one another, and we'd see better prices.
 
OPEC is a cartel formed for only price fixing. The US is not involved with OPEC and the treaties possessed by the sovereign nations that formed it protect it form antitrust laws.

If OPEC were to break up, each oil producing country would have to compete with one another, and we'd see better prices.

+1
 
OPEC is a cartel formed for only price fixing. The US is not involved with OPEC and the treaties possessed by the sovereign nations that formed it protect it form antitrust laws.

If OPEC were to break up, each oil producing country would have to compete with one another, and we'd see better prices.

Absolutely! That's some sound eco right there;)
 
$1.57 where I fill up. I predict a good price bump right around Christmas then prices will go down again. You know, just on coincidence.
 
Nothing coincidental about price fluctuation!
 
1.47 today. As much as I like the low prices, this will just reinforce the illusion that George Bush is in control of the gas prices. Obama can now be the hero because now that he has been elected gas is getting cheap. Never mind prices have been steadily falling for 3 months.
 
Well, people are fuckin retarded and have no idea how things really work. It'll never change...
 
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