Why OPEC need to defend price of crude ?

C

congo9

Alfrescian

Loyal

• Oct 10, 2008

• #1

Just don understand these oil producing nation. They are profiting with the oils. Now is around US$80 per barrel !

Last time round during 2003/4, it is hovering around US$35. They had been earning super normal profit and this lead to increase of everything on planet earth !

Why are they so greedy ?

 

A

annexa

Alfrescian

Loyal

• Oct 10, 2008

• #2

Because they build many small palmleaf islets and empty gold palace now contractor ask them pay!

 

N

nitecrawllerr

Alfrescian

Loyal

• Oct 10, 2008

• #3

Thats why we should look for alternative energy instead of just crude oil. Palm oil for instance. Prices have come down substantially lately.

 

C

chinkangkor

Alfrescian

Loyal

• Oct 10, 2008

• #4

We will have to fight with only rifles and bayonets if oil drys up one day. All the aircraft carriers, tanks and fighters jets are useless without oil. Submarines run by nuclear energy will be king.

 

Conan the Barbarian

Alfrescian

Loyal

• Oct 11, 2008

• #5

congo9 said:

Just don understand these oil producing nation. They are profiting with the oils. Now is around US$80 per barrel !

Last time round during 2003/4, it is hovering around US$35. They had been earning super normal profit and this lead to increase of everything on planet earth !

Why are they so greedy ?

Click to expand...

The same reason why PUB needs to increase tariffs. Why sell low when you can sell high.

 

Nomad

Alfrescian

Loyal

• Oct 11, 2008

• #6

this is their times,if they do not defend it,then their revenue and asset will go down just like those trouble banks.

 

J

johnny333

Alfrescian (Inf)

Asset

• Oct 11, 2008

• #7

congo9 said:

Why are they so greedy ?

Click to expand...

Why PAP ministers expect pay hike when they alreay make a few time more than the President of USA?

Expectations change, now want to buy more properties, want to put more in swiss account, etc.