Should the Arabs increase the oil output? - Page 2 - Mercedes-Benz Forum

View Poll Results: Should they increase oil production?
Yes 1 16.67%
No 0 0%
What have we done for them lately? 4 66.67%
What have they done for us lately? 0 0%
Let's just invade the whole lot and claim OUR oil 1 16.67%
Voters: 6. You may not vote on this poll

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post #11 of 19 (permalink) Old 05-30-2008, 11:42 PM
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Originally Posted by Botnst View Post
My numbers tell me that the consumer population has grown faster than production. What do your numbers tell you?

B
wait a minute.. now you're shifting your theory.. that's what my numbets tell me.



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post #12 of 19 (permalink) Old 05-31-2008, 12:48 AM
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I think the Saudis have already increased production by 300,000 barrels per day, but it isn't enough.
I believe the days of cheap gas are gone for good.
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post #13 of 19 (permalink) Old 05-31-2008, 07:29 AM Thread Starter
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Again, the question tackles if the Saudi (and other Arabs) SHOULD increase output to meet "said" demand to help us at the pump and reduce turmoil throughout the world.
This is not about supply and demand, we all I hope understand how that works but the essence of the main question is responsibility. Simply put, do they have an obligation to save our asses?
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post #14 of 19 (permalink) Old 05-31-2008, 07:30 AM
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I think the Saudis have already increased production by 300,000 barrels per day, but it isn't enough.
I believe the days of cheap gas are gone for good.
Yep.

Conflicts in all animal populations arise from limiting resources.

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and that’s what I intend to reverse.

~ Senator Barack H. Obama
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post #15 of 19 (permalink) Old 05-31-2008, 10:03 AM
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Again, the question tackles if the Saudi (and other Arabs) SHOULD increase output to meet "said" demand to help us at the pump and reduce turmoil throughout the world.
This is not about supply and demand, we all I hope understand how that works but the essence of the main question is responsibility. Simply put, do they have an obligation to save our asses?
I would say no. But they do have an obligation to make as much money as possible, IMO. And that equation is based entirely on the laws of supply and demand.

Further, though they are not "obligated" to "save our asses," they can enhance their image around the world by doing so. Sometimes image is more important than profits. It is a complex formula, and looking at it simplistically only adds to confusion and hard feelings internationally.

Don't believe everything you think
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post #16 of 19 (permalink) Old 05-31-2008, 10:18 AM
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I would say no. But they do have an obligation to make as much money as possible, IMO. And that equation is based entirely on the laws of supply and demand.

Further, though they are not "obligated" to "save our asses," they can enhance their image around the world by doing so. Sometimes image is more important than profits. It is a complex formula, and looking at it simplistically only adds to confusion and hard feelings internationally.
Does that only apply to OPEC members?

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #17 of 19 (permalink) Old 05-31-2008, 10:18 AM
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I would say no. But they do have an obligation to make as much money as possible, IMO. And that equation is based entirely on the laws of supply and demand.

Further, though they are not "obligated" to "save our asses," they can enhance their image around the world by doing so. Sometimes image is more important than profits. It is a complex formula, and looking at it simplistically only adds to confusion and hard feelings internationally.


Agreed.




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post #18 of 19 (permalink) Old 05-31-2008, 10:47 AM
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Does that only apply to OPEC members?
Not necessarily. Image is important to most nations. The point of this thread is Arab nations, but OPEC includes non-arab nations and their charter is interesting...

"According to its statute, the principal goal is the determination of the best means for safeguarding their interests, individually and collectively; devising ways and means of ensuring the stabilization of prices in international oil markets with a view to eliminating harmful and unnecessary fluctuations; giving due regard at all times to the interests of the producing nations and to the necessity of securing a steady income to the producing countries; an efficient, economic and regular supply of petroleum to consuming nations, and a fair return on their capital to those investing in the petroleum industry..."

OPEC - Wikipedia, the free encyclopedia

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post #19 of 19 (permalink) Old 05-31-2008, 03:50 PM
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Shocked! How the oil crisis has hit the world

A global perspective...

Shocked! How the oil crisis has hit the world - Green Living, Environment - The Independent

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