Wednesday, October 11, 2006

Quick Serious Article on OPEC

Will they cut? Fox doesnt think so. Rueturs and Bloomberg do though. Whose more informed? Your guess is as good as mine. Seems to me that the wonderful principles of capatalism should be on our side. You see Iran and Venezula are pissed because they cant produce enough oil. So they figure that if they cut the quotas of the bigger countries ( some of which are overproducing there quotas) it helps them, and reducing their quotas wont hurt them becuase their not producing as much as their suposed to be. However methinks the big countries, which are over producing, will go with the sneeky option of reducing actual production, this hits Iran and Venezula hard, but leaves the big guys who's quotas are still being exceeded, sitting pretty dam good. Will it happen? Dont know. Me hopes that the bajjillioneers in charge of the oil will be greedy enough to resist the urge to cut production with prices double what they were before. Dont have a car right now. But will next year. My personal opionion, lets do some regime change in Iran, Venuzuala, and privatize the market. Either that or nuke them all.

2 comments:

Brandon said...

Good, I'm glad to see you adopting a logical middle line with this issue.

Brent said...

thank you i try to be more serious when i'm writing serious things, kinda puts me in a uber serious mood, think i should run for president?