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Saudi Arabia to leave OPEC!

 
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JoeReal
Site Admin
Site Admin


Joined: 16 Nov 2005
Posts: 4726
Location: Davis, California

Posted: Thu 11 Sep, 2008 6:14 pm

this is a rumor for now... The report of OPEC's death could be an exaggeration...


The death of OPEC
Posted Sep 11 2008, 07:01 AM by Douglas McIntyre

Saudi Arabia walked out on OPEC yesterday, saying it would not honor the cartel's production cut. It was tired of rants from Hugo Chavez of Venezuela and the well-dressed oil minister from Iran.

As the world's largest crude exporter, the kingdom in the desert took its ball and went home.

As the Saudis left the building, the message was shockingly clear. “Saudi Arabia will meet the market’s demand,” a senior OPEC delegate told the New York Times. “We will see what the market requires and we will not leave a customer without oil."

Read more:
http://blogs.moneycentral.msn.com/topstocks/archive/2008/09/11/the-death-of-opec.aspx
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Millet
Citruholic
Citruholic


Joined: 13 Nov 2005
Posts: 6656
Location: Colorado

Posted: Fri 12 Sep, 2008 12:38 am

Joe, your the bearer of good news. Hugo Chavez is a nut case, I wonder how long he will be around? When you build the greenhouse you wrote about, I would really like to see it. - Millet
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dauben
Citruholic
Citruholic


Joined: 25 Nov 2006
Posts: 963
Location: Ramona, CA, Zone 9A

Posted: Fri 12 Sep, 2008 1:19 am

Millet wrote:
Joe, your the bearer of good news. Hugo Chavez is a nut case, I wonder how long he will be around?


I firmly believe that assassination can be made to look like an accident . . . Smile

Phillip
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JoeReal
Site Admin
Site Admin


Joined: 16 Nov 2005
Posts: 4726
Location: Davis, California

Posted: Fri 12 Sep, 2008 12:44 pm

Millet wrote:
Joe, your the bearer of good news. Hugo Chavez is a nut case, I wonder how long he will be around? When you build the greenhouse you wrote about, I would really like to see it. - Millet


Thanks Millet! And if the US keeps more wells drilled and productive, along with our declining appetite for oil, we wouldn't have to deal with Hugo, Iran, and Russia anymore, they can drink their oil.

Once my crude sketches are done (can't afford a real CAD guy), I'll post the concept. It is not applicable for colder regions though, only in zones 8 to 9.
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dauben
Citruholic
Citruholic


Joined: 25 Nov 2006
Posts: 963
Location: Ramona, CA, Zone 9A

Posted: Sat 13 Sep, 2008 3:12 am

JoeReal wrote:

Once my crude sketches are done (can't afford a real CAD guy), I'll post the concept. It is not applicable for colder regions though, only in zones 8 to 9.


I'm a fake CAD guy. Would I do? If it's not too difficult, I'd be happy to help.

Phillip
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