DANGER this week if Arab League Could Cut off Oil Supply
phlog...@hotmail.com
Emergency meeting of the Arab league this week, and they
could decide to cut off Oil supply to the west, .like they did in
the '70's, if that would be the case we could forget about the
DOW and other indicators, they would be meaningless.
BOJsDEC7th
peninsula has rebel activity to an extent that has not been seen since the
1930's. Read the press and listen to the short wave from the region. While
all eyes are on the relatively useless Israeli/Palestine area, the economic
goliath of the Arabian peninsula is in increasing turmoil.
The only reason they went along with the embargo against their ally the US was
due to fear of the mullahs and fanatics in their domestic circus. It can
happen again.
Lee & Sue
The Arab League is not the oil cartels. That's OPEC. Arab nations
like Algeria, Libya, Morocco, etc. do not have any oil that would
disrupt supply. Iran does, but they are Persians, not Arabs.
Venezuela is another OPEC member that is not Arabic. That leaves the
Arabian peninsula. And, yes, those countries could independently
choose to cut off supply. But they certainly don't need the Arab
League to do so.
The Arab League is a social/political organization. Their views are
generally quite moderate with the notable exception of Libya. Egypt
does not trust Libya any more than we do.
The Arab League is not what the market needs to fear. If it is, then
this is truly one fragile market.
Paul Morgan
--
...............paul
(to email, remove the nationality)
<phlog...@hotmail.com> wrote in message
news:39f36f04...@news.li-fish.net...
Eric Anderson
they price in $'s), they meet again nov 12 and they will probably increase
production 500,000 bpd, assuming price remains above 28$ barrel for 20
straight business days (that seems likely)
this weeks oil & gas inventory report should finally show a portion of that
spr release, we'll see what happens. wouldnt it be ironic if the spr release
actually brought prices down below 28$ for just one day thereby causing opec
to take production increases off the table?
Wack Dude wrote:
> With the kind of money they are pulling in per barrel and a growing
> interest in vehicles with greater fuel effieciency there is no way they
> would stop selling oil now.
> At these prices they are making a killing.
>
> And if they cut off oil now, they just give economic incentive towards
> alternative fuel engines.
>
> If you are a crack dealer selling crack you don't cut off your supply in
> hopes of getting someones attention. They'll just switch to something
> like heroin.
>
> In article <1cUI5.16344$rD3.9...@newsread2.prod.itd.earthlink.net>,
Bruno R
>
> Keep a watchful eye on the marked this week There is an
> Emergency meeting of the Arab league this week, and they
> could decide to cut off Oil supply to the west, .like they did in
> the '70's, if that would be the case we could forget about the
> DOW and other indicators, they would be meaningless.
Maybe that would be the best that could happen in order to wake up most
of us ;-) (I watched an episode of 'the building of the Suez Canal' on
TV last night). Isn't it clear to everyone that the real problem in
that area (and most of the world!) was, and is ever more so,
overpopulation in relation to available resources? No body want to talk
about this. We continue to bribe the so-called leaders with foreign aid
and hope the problem will not rear it's ugly head. Some times I wonder,
but it's probably useless to mention this?!
rafaelro...@gmail.com
Happens like clockwork: Iran’s media, parliament and proxies ratchet up their efforts to discredit the IAEA just before the quarterly Board of Governors meeting– this time set for early June. As far as we can tell, the heat’s usually turned up 10 days or so before the meeting– apparently to pre-empt publication of Amano’s report, disseminated to member states (and usually leaked) beforehand.
Read more about persian league http://goo.gl/AyvDR