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<blockquote data-quote="The Other Side" data-source="post: 1028641" data-attributes="member: 17969"><p>Oil production in the in the middle east is very simple. First, to prevent western countries from overproducing, they simply increase the barrels per day output and drive the price down. $70.00 a barrel is where OPEC would like to see OIL stay at. Thats a good profit range for them, it gives americans lower gas prices and it prevents countries from seeking alternatives.</p><p></p><p>The last thing OPEC wants is for the USA to continue to develope alternative sources of energy. </p><p></p><p>They also dont want us drilling more than we have too cause that will flood the world market and drive prices down to the 15 dollar a barrel range, and they aint havin it.</p><p></p><p>Peace</p><p></p><p>TOS</p></blockquote><p></p>
[QUOTE="The Other Side, post: 1028641, member: 17969"] Oil production in the in the middle east is very simple. First, to prevent western countries from overproducing, they simply increase the barrels per day output and drive the price down. $70.00 a barrel is where OPEC would like to see OIL stay at. Thats a good profit range for them, it gives americans lower gas prices and it prevents countries from seeking alternatives. The last thing OPEC wants is for the USA to continue to develope alternative sources of energy. They also dont want us drilling more than we have too cause that will flood the world market and drive prices down to the 15 dollar a barrel range, and they aint havin it. Peace TOS [/QUOTE]
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