Re: Good News....



James,

Problem is that oil is a commodity. Do you really think the oil companies
are going to, out of the kindness of their hearts, sell it for less than
they can get on the open market? Where is their vested interest in flooding
the global market with cheap oil?

Allan

--
One asks, many answer, all learn -- Plato, on the 'Forum
---
True civility is when every one gives to every other one every right
that they claim for themselves.

"Amused" <jamescopeland@xxxxxxxxxxxxxx> wrote in message
news:fso5iu$lu9$1@xxxxxxxxxxx
http://www.nextenergynews.com/news1/next-energy-news2.13s.html


.



Relevant Pages

  • Re: Very good view on the gas price situation.
    ... "A barrel of West Texas Intermediate crude is $70 per barrel. ... on the open market at $1.66 per gallon. ... according to a spokesperson for the Oil Price ...
    (rec.boats)
  • Any idea how much oild Iraq is pumping?
    ... Are they pumping any oil and selling it on the open market yet? ... Any idea what their level of production is compared to Saddam-led years? ...
    (alt.politics.bush)
  • Re: Good News....
    ... Problem is that oil is a commodity. ... Do you really think the oil companies are going to, out of the kindness of their hearts, sell it for less than they can get on the open market? ... But I DO think that when this source comes on line in force, the downward pressure on OPEC producers will be immense. ...
    (misc.news.internet.discuss)
  • Re: OT: The importance of new offshore drilling
    ... they are immediately suspect- oil is a commodity ... traded on the open market, and the price is what people bid it to, not ...
    (comp.sys.mac.advocacy)
  • Re: OT - Brown Pushes Peak While Arabs Terraform
    ... they will still be selling oil, ... higher and higher prices, for as long as there is demand. ... They're still going to sell all they can ... It's an investment in nothing. ...
    (rec.martial-arts)