Home Forums Hunting & Shooting Hunter's Campfire The Oil War

Yep, Texas is a model for the rest of the nation with it's roadside cavity searches and sending numerous civilians to prison on false charges to show the might of the state and local governments there.

OPEC (the world's largest oil cartel) deciding not to cut back on production, in spite of the oil supply and demand situation worldwide, likely had more than a little bit to do with bringing down national oil prices also.

But it was our production that forced OPEC not to cut.

The only OPEC country that ever actually cuts production is Saudi Arabia, and right now they are in a war for market shares, so if they cut production, those markets needs would of just been filled by someone else. Prices would continue to decline, AND the Sauidi's would loose market share. With their growing welfare class, and the payoff necessary to keep them from revolting, the Saudi's had no real choice but to continue production levels.

OPEC is now less then 40% of the worlds oil production, which means the effectiveness of the cartel has been greatly degraded.

You're dreaming of a "free" economy. Multiple "monopolies" on a worldwide scale are adjusting the price to what they want for their own political gain. It has nothing to do with a free supply/demand economy.

Multiple large producers are called oligarchy's and their pricing mechanism operates differently then those of monopolies.

Imagine if Poland and Germany and the Ukraine had embraced fracing instead of drinking the Kool aid.
Follow the money is right.
Putin and OPEC have had a vice grip on the west's balls for years.
Getting the west to believe that fracing is evil just supports their cause.
Hollywood has an unending supply of "useful idiots" lined up to serve.

So how much was the US producing in the 90's when gas was a little over 80 cents a gallon....more or less?

more...

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I would like to see us use our own oil
and the Saudis drink their own oil.

Didnt Clinton dump a bunch of oil out of the Strategic Reserves in '99, which caused the drop in gas?

So the US was producing more oil in the 90's than now?

Don't know if he did or did not. I do know that it averaged around $1.20 an gallon, then went down to 80 - 88 cent range rather quickly.

It stayed within the ($1.15 - $1.25 range up until around 2003. I remember because I had a job that required me to commute 44 miles one way. I accepted a position locally (no commute) at a higher wage. I remember thinking to myself, "not only did I get an increase in salary, but not having to commute was like an added bonus." When I left the former job, I filled up with gas on the way home. I had been paying $1.20 range. When I pulled up to the pump, I was shocked to see it at 88 cents a gallon. I remember thinking, "this is a good move."

no

google up yearly US oil production

So the US produces less oil and the price is low (90's). The US produces more oil, and the price rises to record rates. The US continues to produces more oil and the price decreases. Now we are warned that lower priced gas is going to put US producers out of business...causing the US to produce less oil...and the price will go up?

No.

The Obama administration colluding with the Saudis to allow oil to drop below the production costs of the US producers that I am talking about, will cause them to go out of business as they are leveraged. It is intentional.

Their success is a notable achievement considering the amount of whining about US oil dependence by every politician and American since OPEC was formed.

The last paragraph of the chart I posted should be instructional as to the Saudi's intent down the road.

What you are proposing may be the case.

It may also be the case that in 2014 the US sold more oil than we imported (I believe this is accurate).

It is just as likely that US oil producers want higher crude oil prices so that they can sell more crude.

I don't care where the blame for higher gas prices falls, the American consumer will not suffer because of lower gas prices.

Wither or not the American consumer is "made" to suffer for the current cost of gas is a different matter.