Should the Arabs increase the oil output? - 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 #1 of 19 (permalink) Old 05-30-2008, 03:50 PM Thread Starter
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Should the Arabs increase the oil output?

Many protests are going on throughout Europe and things aren't getting any better for us at the pump. Do you think the Arabs should jump in and help us? Do you think it's their obligation to do so?
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post #2 of 19 (permalink) Old 05-30-2008, 03:51 PM
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It's their oil, let them charge whatever the market will bear. Just don't penalize domestic companies for passing along the increases.

What would the results be? A tremendous incentive for innovation and exploration with the financial resources to do it.

Fine with me.

B

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 thatís what I intend to reverse.

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post #3 of 19 (permalink) Old 05-30-2008, 03:53 PM Thread Starter
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Originally Posted by Botnst View Post
It's their oil, let them charge whatever the market will bear.

B
Read the question, it's not about charging, it's about production! Besides they have no control about what the market will bear as a price for oil. You know that and have said it yourself. On the other hand no one is immune from manipulation and you know that as well.
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post #4 of 19 (permalink) Old 05-30-2008, 04:01 PM
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i hear petrol is 46c/al in Ryad so i don't see them needing any more.



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post #5 of 19 (permalink) Old 05-30-2008, 04:03 PM
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Read the question, it's not about charging, it's about production! Besides they have no control about what the market will bear as a price for oil. You know that and have said it yourself. On the other hand no one is immune from manipulation and you know that as well.
Production affects price. If they produce more (if they CAN produce more ... but that's another question) then the price will drop. But you already knew that, right?

B

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 thatís what I intend to reverse.

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post #6 of 19 (permalink) Old 05-30-2008, 04:05 PM Thread Starter
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Production affects price. If they produce more (if they CAN produce more ... but that's another question) then the price will drop. But you already knew that, right?

B
The question is Should they? My question I guess assumed that I knew that, don't you agree? What's your next bait?
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post #7 of 19 (permalink) Old 05-30-2008, 04:06 PM Thread Starter
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i hear petrol is 46c/al in Ryad so i don't see them needing any more.
EXACTLY and they ain't hurtin now are they? The question again, should they help the rest of the world?
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post #8 of 19 (permalink) Old 05-30-2008, 04:19 PM
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Production affects price. If they produce more (if they CAN produce more ... but that's another question) then the price will drop. But you already knew that, right?

B

check your numbers Bot. there is more oil being produced right now then 10years ago and i sure recall 72c fill ups back then..



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post #9 of 19 (permalink) Old 05-30-2008, 10:08 PM
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My numbers tell me that the consumer population has grown faster than production. What do your numbers tell you?

B

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post #10 of 19 (permalink) Old 05-30-2008, 10:38 PM
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The numbers I have seen show that we consume about 1 million more barrels of oil per day more than is being produced worldwide. Simple laws of supply and demand dictate current prices, IMO... And when compared to gas prices abroad, we are in pretty good shape.
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