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2006-10-05 International-UN-NGOs
Opec set to back production cut as oil close to $55 a barrel
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Posted by Steve White 2006-10-05 00:00|| || Front Page|| [11138 views since 2007-05-07]  Top

#1 Saw TV news footage of a sign that indic US$2.30 for gas - sigh, as of today, still US$3.18 here in Guam.
Posted by JosephMendiola 2006-10-05 00:42||   2006-10-05 00:42|| Front Page Top

#2 --“Opec is going to defend a price floor for its oil of $50-$55 a barrel,” --

We're heading into the 40s.....
Posted by anonymous2u 2006-10-05 00:59||   2006-10-05 00:59|| Front Page Top

#3 3.27 here in Kauai, Hawaii. How on earth did I get here?
Posted by Red Lief 2006-10-05 05:08||   2006-10-05 05:08|| Front Page Top

#4 Being a Swamp Yankee Shoe Buckle Pilgrim, that is. $2.25 in Mass.
Posted by Red Lief 2006-10-05 05:09||   2006-10-05 05:09|| Front Page Top

#5 $2.06 last night in Woodbridge, VA (25 miles south of DC)
Posted by Bobby 2006-10-05 06:37||   2006-10-05 06:37|| Front Page Top

#6 Interesting. Our market rose more slowly than the rest of the country and now is falling more slowly. It looks like not all domestic markets have the same rate of price change.
Posted by Nimble Spemble 2006-10-05 06:53||   2006-10-05 06:53|| Front Page Top

#7 $1.97 here in Chester, VA yesterday.
Posted by Steve 2006-10-05 08:37||   2006-10-05 08:37|| Front Page Top

#8 “Opec is going to defend a price floor for its oil of $50-$55 a barrel,”

A nice diplomatic way of saying we intend to extort a certain minimum amount of money from the infidels. What's that word for when someone attempts to set an artificially high price for a commodity?
Posted by SteveS 2006-10-05 08:46||   2006-10-05 08:46|| Front Page Top

#9 $2.51 in Your Nation's Capital.
Posted by Seafarious">Seafarious  2006-10-05 09:25||   2006-10-05 09:25|| Front Page Top

#10 And $2.39 in the Bronx.
Posted by Grunter 2006-10-05 09:46||   2006-10-05 09:46|| Front Page Top

#11 $2.19 this morning, 35 miles south of Atlanta.
Posted by Dreamsmith 2006-10-05 09:56||   2006-10-05 09:56|| Front Page Top

#12 $2.10 here in MN. Does anyone know how Irqas' production is now, and is projected to be a year from now?
Posted by Mike N. 2006-10-05 10:17||   2006-10-05 10:17|| Front Page Top

#13 Other than 1973, has OPEC ever been able to set a price? I think supply and demand set the price more than the cartel. After all, they're a bunch of greedy bastards, so they all cheat on their quotas.
Posted by Jackal">Jackal  2006-10-05 11:17|| http://home.earthlink.net/~sleepyjackal/index.html]">[http://home.earthlink.net/~sleepyjackal/index.html]  2006-10-05 11:17|| Front Page Top

#14 Other than 1973, has OPEC ever been able to set a price?

I think not. Even the '73 effort was primarily Saudi. But now they've all gotten as addicted to the dollar flow as we are to the oil. Note that the dollars are accumulating in China, not OPEC. While OPEC will be stung, China will be the one holding the bag.
Posted by Nimble Spemble 2006-10-05 11:21||   2006-10-05 11:21|| Front Page Top

#15 Does anyone know how Irqas' production is now, and is projected to be a year from now?

The last I noticed, they were around pre-invasion production levels. It was just that saboteurs kept dmamging the pipeline to the shipping points... I think. The key is preventing sabotage. We can't go after Saudi Arabia until Iraqi production is there to fill the gap, and the bad guys know it, too.
Posted by trailing wife 2006-10-05 11:29||   2006-10-05 11:29|| Front Page Top

#16 Dang, dreamsmith, you must be in P'tree City or somewheres. It's $1.99 up here in Gwinnett County (30 miles NE of Atlanta).
Posted by BA 2006-10-05 11:35||   2006-10-05 11:35|| Front Page Top

#17 $1.99 here in Lexington KY. So will a 4 per cent drop in oil translate into a 4 per cent drop in gas??
Posted by 49 Pan">49 Pan  2006-10-05 12:09||   2006-10-05 12:09|| Front Page Top

#18 BA:

Thanks for the tip. I'll stop on 400 and gas up the old buggy before we go to Helen for the Oct Fest! Einen shonen tag allerseits mate!
Posted by Besoeker 2006-10-05 12:16||   2006-10-05 12:16|| Front Page Top

#19 $2.49 at Costco in the Denver area sigh
Posted by Jan 2006-10-05 12:51||   2006-10-05 12:51|| Front Page Top

#20 Besoeker:

Enjoy Helen during Octoberfest, mate! And, the $1.99 price quoted was a local QT. All the other QTs were still at $2.02 this morning. The Costco at Mall of GA was $2.00 last night.

Funny thing is, my wife and I and the future Rantburgians (kids) were up in Dalton last Friday night (HS Football, ya know), and it was ALREADY $1.98 there!
Posted by BA 2006-10-05 13:10||   2006-10-05 13:10|| Front Page Top

#21 Re #3:Red "3.27 here in Kauai, Hawaii. How on earth did I get here?" You just turned West at Los Angeles. (rimshot) somebody had to do it.....
Posted by USN, ret. 2006-10-05 14:58||   2006-10-05 14:58|| Front Page Top

#22 Damn case of Premature enterage: also meant to add that this morning here in Skagit County, just north of Seattle, gas is $2.51 (Arco)- $2.79(Shell) within a mile of each other
Posted by USN, ret. 2006-10-05 15:00||   2006-10-05 15:00|| Front Page Top

#23 BA:

Thanks! Was at the Victoria Haus in Blue Ridge a few weeks ago. Lovely crab cake dinner there, very civilized. Had to ride that old train again. You know the deal. Safe motoring over the Holiday!
Posted by Besoeker 2006-10-05 15:03||   2006-10-05 15:03|| Front Page Top

#24 Yes, Happy Columbus Day to everyone and to all, a good night!
Posted by BA 2006-10-05 15:10||   2006-10-05 15:10|| Front Page Top

#25 $1.93 yesterday on Midlothian Tnpk in Chesterfield County, VA, just outside Richmond. :-D
Posted by Barbara Skolaut">Barbara Skolaut  2006-10-05 15:30|| http://ariellestjohndesigns.com/page/15bk1/Home_Page.html]">[http://ariellestjohndesigns.com/page/15bk1/Home_Page.html]  2006-10-05 15:30|| Front Page Top

#26 You mean "Indigenous People's Day"!

Gutter mouth.
Posted by Berzerkly Bozo">Berzerkly Bozo  2006-10-05 17:56||   2006-10-05 17:56|| Front Page Top

#27 Made a short trip to Montgomery (Alabama)last weekend, $1.99 there and has since fallen here In Mobile from $2.21 to $2.13 as of yesterday morning.
No further fall today (Yet)
Posted by Redneck Jim 2006-10-05 20:17||   2006-10-05 20:17|| Front Page Top

02:29  PASSIONATE AMERICA
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