Article

2005-09-16 Arabia

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Posted by Fred 2005-09-16 00:00|| || Front Page|| [7 views since 2007-05-07] Top

#1 "The current rise in oil prices does not stem from a shortage in crude oil supplies - of course not, a market equilizes supply and demand through price. By definition there is never a shortage in an open market. However, more supply would mean lower prices. - but is due to, as everyone knows, increased demand for products and a shortage in refining capacity..." Bullshit!

The Saudis are talking down oil prices when they could bring them down through more supply, which means either they don't want to bring down the price or they don't have the supply.

Posted by phil_b 2005-09-16 00:48|| 2005-09-16 00:48|| Front Page Top

#2 Put simply: We need more refiners.

Posted by Captain America 2005-09-16 02:27|| 2005-09-16 02:27|| Front Page Top

#3 I thought the Saudis were pumping at there maximum capability and, having frightened off so many of their foreign experts through terror attacks, were extending the maintenance cycle in the hope that someone would come along and fix whatever broke. Do I mis-remember?

Posted by trailing wife 2005-09-16 08:19|| 2005-09-16 08:19|| Front Page Top

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