Saudis to pump more oil

Believe it when I see it!!!
Believe it when I see it!!!
Believe it when I see it!!!
Believe it when I see it!!!
Believe it when I see it!!!
Believe it when I see it!!!


No further comment.....

its a real worry for the Saudis. They want to keep prices high but not so high that there is a serious move away from oil, so expect a correction to last just long enough to see the yanks go back to trucks.
It will be a test for the yanks to see if they are prepared to be played for dopes

Hi there,
Sounds promising on one front, but I wonder if that will result in cheaper prices for us. Also wonder now if the Government will go ahead with its suggestions of fuel tax reductions. I would think not.


hmm...................

There is a line of thought which suggest the current high oil price is not caused by the supply/demand ratio but by speculation...?

It came up on the ch ten news just watched the 7 news and nothing about it at all.
It did sound promising though.
Sit back and watch I suppose.

Cheers Bruce.

I was at a function a couple months ago and met a guy who works for some Australian patrolium company who seeks oil on land and ocean.
My question to him was how low on oil are we? He responded with a chuckle and said the world has enough oil for hundreds of years, and that is from what they have already found! He also said Australi is rich in oil and we are self sustaining if required.
So he explained this to me, the reason the high prices is to make more money doing less pumping. so its simple you put less effort into seeking oil and still get high returns! So Greed is the word i would say?
On the other hand he also mentioned to their defence that seeking oil from the oceans is very expensive and they want to be able to finance the drilling opperations and manufactuirng.
Still GREED!!!!!!!!!!
Chris

CBC reports that gas stations will start showing PORN movies on the screens of the pumps so that you can see someone else get screwed at the same time you do.: !!

The price won't ever drop below a dollar a litre... the petrol companys spent way to much money getting all their price signs made bigger to fit the extra digit....

I am looking at the market tomorrow morning...it is going to be interesting that for sure.

Cheers Bruce

who saw 60 minutes last night...

if oil costs keep going up there are going to be more players (production) and prices will soon stabilise

unfortunately it comes at a cost