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#1 |
VIP Member
Join Date: May 2002
Location: Shelby, NC
Posts: 1,823
Likes: 2,166
Liked 2,354 Times in 554 Posts
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"LONDON, Oct 10 (Reuters) - Top oil exporter Saudi Arabia told OPEC it raised its oil production in September by 100,000 barrels per day, adding to signs it has yet to respond to a drop in prices well below $100 a barrel by trimming output."
The bottom line is that OPEC does not like the USA producing it's own oil. |
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#2 |
Senior Member
Join Date: Mar 2002
Location: NS CANADA
Posts: 888
Likes: 1,607
Liked 387 Times in 151 Posts
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Drill baby drill!
"if the US does all this drilling it won't make a discernable difference in the price" I forget which democrat said this but they all believed it. Funny how the truth always comes out eventually. |
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#3 |
Veteran Member
Join Date: Mar 2005
Location: Sand Springs, OK
Posts: 8,132
Likes: 896
Liked 390 Times in 170 Posts
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Never heard anybody say that. Lots of people around here (Oklahoma) that did that drilling are not happy right now.
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Ed Wright 4156 SS/JA |
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#4 |
Senior Member
Join Date: Jul 2009
Posts: 928
Likes: 1
Liked 120 Times in 42 Posts
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I can tell you first hand what drilling will do because my family had drilling rigs for over 40 years.In 1980 oil peaked at $35.00 a barrel and after six years of the drilling oil boom the price of oil in 1986 was under $10.00 per barrel.American oil drillers went broke and look what OPEC did to our *** years later in 2008 with a barrel of oil at $147.00 per barrel.Will history repeat it self once again?
Last edited by davidhuff; 01-06-2015 at 02:56 PM. |
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#5 | |
Member
Join Date: Jan 2010
Posts: 262
Likes: 2
Liked 0 Times in 0 Posts
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As to Al Anabi's pulling out of North american racing operations, here is a link to a good article /interview showing how AlAnabi operates. http://www.dragracingonline.com/inne...nowling-1.html
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Peter Ash 6100 STK Last edited by Peter Ash; 01-07-2015 at 12:55 PM. Reason: , |
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#6 |
Member
Join Date: Dec 2008
Posts: 254
Likes: 25
Liked 207 Times in 23 Posts
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Wow what a mess!!!!!!!
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#7 |
Member
Join Date: Jun 2002
Location: Red Oak, TX
Posts: 441
Likes: 0
Liked 0 Times in 0 Posts
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There were post on other sites several weeks ago, that the sheik had gotten in some trouble, and was not going to be around... Don't remember all the details. Some people were expecting the plug to be pulled. Did not have anything to do with oil or gas prices.
Wonder how much truth there is to that rumor? Ken Stock 412 |
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#8 | |
Guest
Posts: n/a
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Scott |
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#9 |
Senior Member
Join Date: Sep 2006
Location: Fulton County, PA
Posts: 614
Likes: 16
Liked 920 Times in 259 Posts
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You lie down with dogs, you get up with fleas. No sympathy for anyone who sold their soul to this guy and got hosed. Even I knew it would not end well when they got involved over here and I've never even stayed at a Holiday Inn Express.
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#10 |
Live Reporter
Join Date: May 2006
Location: Dripping Springs, Tx
Posts: 2,709
Likes: 186
Liked 520 Times in 132 Posts
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I've read many posts that the Sheik had a white powder problem over here and daddy wasn't happy.
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Ed Carpenter 2005 Chevy Cobalt A/SM Race Engine Development |
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