OPEC and You.

Posted by Thraxxus on Sep 10th, 2008 and filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry from your site

Do you recall how the price of oil/per barrel was 152 bucks back in July? Well it turns out that through conservation efforts, leading to a lack of demand, people just being tired of the price of gas, and the increase in the value of the dollar that a new problem has arisen: The Members of OPEC aren’t making as much money now as they did back in July.

Let me stop for a second and explain to you that I am ABSOLUTELY NOT MAKING THIS SHIT UP. In fact I am incapable of doing so. This is so absurd that it beyond any alcohol induced hallucinations that I might be able to dream up.

The cost of a barrel of oil, today, is at 104 bucks. $104 Dollars – American. That is a HUGE DIP. So what is OPEC doing about it? This is so laughable I almost crashed my Honda Civic Si on the way to my office when Steve Inskeep on NPR said it. I am paraphrasing here – OPEC is going to be cutting oil production to increase the cost.

BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Now consider all the BS we had to endure from all of the “experts” going back and forth about Supply and Demand and how the cost of Oil, and consequently the price per gallon of gas, was super high for reasons that nobody could explain. Recall how you couldn’t actually go anywhere this summer with your family on vacation so that you could save money to buy gas just to go to work. Regail yourself with memories of how the Oil crisis WORLD WIDE was slated as the begining of the end! ARMAGEDON!

Now consider how bad those poor OPEC fellows must be doing with the cost of oil returning to prices close, not actually there yet, to where they were a couple years ago. Instead of rejoicing, throwing a party, and haveing a press conference about how great things are going – what do they do? The slow down production to ARTIFICIALLY INCREASE THE SUPPLY DEMAND RATIO – in effect hoping to boost the cost of oil again.

I swear if anyone asks me to feel bad for OPEC again, or implies that there is some form of REAL oil crisis TODAY I will punch them in the mouth. Do we need to find new ways to move ourselves about in vehicles – absolutely – if for any reason to stop being raked over the coals by a bunch of greedy fat cats.

Leave a Reply