Who is driving the oil price down?

by **nietzsche** on Mon Sep 14, 2015 1:44 pm

Because that's fucking up with my country. And the dollar peso exchange is now around 17.

I was just on the process of buying something (I'm not telling) from Amazon and the exchange rate is driving the end price quite high.

by **mrswdk** on Mon Sep 14, 2015 1:51 pm

Who is driving the oil price down?
Who is driving the oil price down?
Who is driving the oil price down?
Who is driving the oil price down?

by **nietzsche** on Mon Sep 14, 2015 2:01 pm

what do you mean?

I don't get it...

by **mrswdk** on Mon Sep 14, 2015 2:04 pm

Who is driving the oil price down?

by **nietzsche** on Mon Sep 14, 2015 2:08 pm

mrs wdk, how do you make your signature that wide?

I keep trying and I can't make it, it doesn't allow me.

by **Lord Arioch** on Mon Sep 14, 2015 2:26 pm

Down is good! or what u driving a bicycle?

by **saxitoxin** on Mon Sep 14, 2015 3:01 pm

'cause we're open for business, again, bebe!

by **nietzsche** on Mon Sep 14, 2015 3:39 pm

can the US start a war with Iran please?

by **waauw** on Mon Sep 14, 2015 5:44 pm

Multiple factors and theories about what might be driving the price down:

Chinese motor is stalling.
Increasing gas-production competing with oil(most notably shale gas)
There's speculations the americans have bribed the arabs(and increased their own production) in keeping the price low to f*ck with Russia.
several major oil-producing countries had/have financial trouble and/or political disagreements, making them sell their oil at lower prices.(Russia, Iran, Venezuela, Libya)

by **notyou2** on Mon Sep 14, 2015 5:47 pm

waauw wrote:Multiple factors and theories about what might be driving the price down:
Chinese motor is stalling.
Increasing gas-production competing with oil(most notably shale gas)
There's speculations the americans have bribed the arabs(and increased their own production) in keeping the price low to f*ck with Russia.
several major oil-producing countries had/have financial trouble and/or political disagreements, making them sell their oil at lower prices.(Russia, Iran, Venezuela, Libya)

THANKS OBAMA

by **subtleknifewield** on Mon Sep 14, 2015 7:33 pm

Obviously price is down because supply is up compared to demand! :V

Which I realize answers nothing of the original question. But most people who drive automobiles are glad the price is going down.

by **mrswdk** on Tue Sep 15, 2015 2:26 am

waauw wrote:[*]There's speculations the americans have bribed the arabs(and increased their own production) in keeping the price low to f*ck with Russia.

The Arabs have slashed the price of their oil in order to fck with their regional rivals, and actually also in part to try and fck with America's shale gas industry.

by **khazalid** on Tue Sep 15, 2015 4:37 am

nietzsche wrote:can the US start a war with Iran please?

/ make america great again

by **waauw** on Tue Sep 15, 2015 4:42 am

mrswdk wrote:
waauw wrote:[*]There's speculations the americans have bribed the arabs(and increased their own production) in keeping the price low to f*ck with Russia.

The Arabs have slashed the price of their oil in order to fck with their regional rivals, and actually also in part to try and fck with America's shale gas industry.

Hence why I said speculation. And yeah I also read that article about rivalling american shale gas, which tbh doesn't make sense to me. American shale gas is a short-term thing anyway. Even at full production, it is expected production would drop back as soon as 2020. The US can't possibly take over the market on the long run.

by **mrswdk** on Tue Sep 15, 2015 1:53 pm

I imagine the key part of that point is screwing with their regional rivals. People like IS are hostile towards the Saudis, and seeing as pretty much all their money is from oil wrecking oil prices is a pretty effective way to try and choke them off.

Still, even just for the short term it's unlikely the Arabs would be too thrilled about the prospect of America withdrawing its support for the Arabs (and possibly deserting the area almost entirely) due to no longer needing their oil.

by **riskllama** on Tue Sep 15, 2015 2:21 pm

the Saudis, duh.

by **mrswdk** on Tue Sep 15, 2015 2:29 pm

I like how all of this happened about 4 months ago, and nietzsche is only just now starting to notice that something is going on.

by **riskllama** on Tue Sep 15, 2015 2:41 pm

the joys of living in a backwater, mrs...

by **tzor** on Tue Sep 15, 2015 2:52 pm

Who is driving the oil price down?

Oh sure, blame the Doctor for Everything!

by **KoolBak** on Tue Sep 15, 2015 5:30 pm

Thanks Obama....

by **demonfork** on Tue Sep 15, 2015 6:37 pm

stfu nietzsche

by **nietzsche** on Tue Sep 15, 2015 6:50 pm

saxitoxin wrote:'cause we're open for business, again, bebe!

that ship has a semi

by **tkr4lf** on Thu Sep 17, 2015 11:35 pm

Probably cuz there's a fine ass Iranian chick on top of it.

by **Phatscotty** on Thu Sep 17, 2015 11:55 pm

mrswdk wrote:Who is driving the oil price down?
Who is driving the oil price down?
Who is driving the oil price down?
Who is driving the oil price down?