Thread: Oil Tumbles as Signs of Slowing Economy Spur Commodity Selling
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Old 17-07-2008, 10:45 PM   #71 (permalink)
Milkman
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Quote:
Originally Posted by britmaveric View Post
^dropped $10 in two days, this just shows you how much BS is going on in the market. This is all a facade - time kick these OPEC lads in the balls, they are def playing us.
How is OPEC playing us?

By not producing more? As I've said before, worldwide demand is increasing, and will increase more next year. How much oil does OPEC have? We're still not allowed to know as the reserves are kept secret. Cheney, and other oil people predicted in the 1990s that oil output would peak and decline, starting in about 2004-5.
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