Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:54 AM

GasBuddy News Article

32
votes
5 Companies That Have OPEC "Concerned"

Motley Fool -- There are rumors floating around that OPEC might cut back on its oil production. This would be the first time in five years the organization has made a move to cut output; the last time corresponded with dropping demand as the global economy headed into recession. This time the move would be in response to growing oil production from North America, which has OPEC "concerned". With that as a backdrop, here's a look at five of the companies keeping OPEC up at night.

Continental shift
With U.S. oil supply up by more than 40% over the past five years, OPEC does have reason to be concerned. This supply boom has it projecting that demand for its crude will slide by 300,000 barrels of oil per day, or about 2.6% less. While that might not sound like a lot, at current oil prices, that is a potent


Read the Full Article

Submitted Jul 19, 2013 By: mastermariner
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: 5 Companies That Have OPEC "Concerned" Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,034
Points:2,385,890
Joined:Nov 2008
Message Posted: Jul 23, 2013 5:41:55 AM

Motley Fool is doing fear mongering again?
tclbbs
Champion Author Columbus

Posts:2,152
Points:1,804,160
Joined:Jan 2002
Message Posted: Jul 20, 2013 1:37:18 PM

KEEP AMERICAN OIL IN AMERICA!
KrsnaDragon
Champion Author Montreal

Posts:5,971
Points:1,302,915
Joined:Nov 2011
Message Posted: Jul 20, 2013 6:57:36 AM

Time turns around.
oldmack
Champion Author Riverside

Posts:2,666
Points:245,450
Joined:Jan 2013
Message Posted: Jul 20, 2013 3:21:48 AM

Wow!
Double_Golden
Champion Author San Francisco

Posts:4,086
Points:1,153,530
Joined:Aug 2011
Message Posted: Jul 20, 2013 12:45:32 AM

ok...
DocWyeth
Champion Author Allentown

Posts:19,085
Points:2,507,505
Joined:Aug 2005
Message Posted: Jul 20, 2013 12:29:25 AM

ok
jetlagAK
Champion Author Anchorage

Posts:2,524
Points:723,430
Joined:Jan 2010
Message Posted: Jul 20, 2013 12:24:39 AM

Thank you Bush. OPEC can go barack themselves.
N5EXY
Champion Author Austin

Posts:8,755
Points:2,283,655
Joined:Jul 2004
Message Posted: Jul 20, 2013 12:23:33 AM

Sounds great!
dongo50
Champion Author West Virginia

Posts:16,258
Points:2,571,795
Joined:Jul 2006
Message Posted: Jul 20, 2013 12:23:29 AM

won't loose any sleep over that!!!!
bolobill
Champion Author Michigan

Posts:19,213
Points:3,945,225
Joined:Mar 2004
Message Posted: Jul 20, 2013 12:22:11 AM

ok
rap12MA
Champion Author Boston

Posts:3,113
Points:798,725
Joined:Mar 2012
Message Posted: Jul 20, 2013 12:18:17 AM

It's about time.Let them be concerned.
jkpsr
Champion Author New Jersey

Posts:5,974
Points:1,628,915
Joined:Jun 2005
Message Posted: Jul 20, 2013 12:06:46 AM

We are a threat!
rippinusoff
Champion Author Lexington

Posts:10,625
Points:2,261,780
Joined:May 2007
Message Posted: Jul 20, 2013 12:03:48 AM

Ok
smileynish
Champion Author Florida

Posts:1,306
Points:284,135
Joined:Jan 2008
Message Posted: Jul 20, 2013 12:03:17 AM

OPEC will still control prices by adjusting for less production. Assuming of course that US can deliver on its oil production.
SpankyMI
Champion Author Kalamazoo

Posts:5,397
Points:1,480,640
Joined:Jan 2011
Message Posted: Jul 20, 2013 12:02:54 AM

OPEC can always sell to China and India.
vibdata
Champion Author Massachusetts

Posts:5,136
Points:1,078,590
Joined:Nov 2005
Message Posted: Jul 20, 2013 12:02:05 AM

You're kidding me. OPEC has not cut back its output? They've done that REPEATEDLY to force higher oil and gas prices. Or did you forget all that?
TLL59
Champion Author Oklahoma

Posts:1,217
Points:954,100
Joined:Nov 2010
Message Posted: Jul 19, 2013 11:55:18 PM

ok
fenster66
Champion Author Pittsburgh

Posts:6,584
Points:1,449,570
Joined:May 2011
Message Posted: Jul 19, 2013 11:54:54 PM

its good to know that OPEC is "concerned" about US....
silvolvo
All-Star Author Twin Cities

Posts:567
Points:1,026,030
Joined:Apr 2008
Message Posted: Jul 19, 2013 11:54:10 PM

OPEC still controls the supply.
MidNJ
Champion Author New Jersey

Posts:10,161
Points:1,877,565
Joined:Sep 2009
Message Posted: Jul 19, 2013 11:53:36 PM

ICU-U-C me,

I agree!
RENEGADEGAS
Champion Author Missouri

Posts:18,208
Points:2,318,435
Joined:Jul 2008
Message Posted: Jul 19, 2013 11:51:41 PM

Don't fool yourself. Nobody and no company has OPEC concerned.
mstearno
Champion Author Dayton

Posts:9,680
Points:2,355,030
Joined:Jan 2008
Message Posted: Jul 19, 2013 11:51:17 PM

great
smoketown
Champion Author Cincinnati

Posts:9,243
Points:2,128,135
Joined:Feb 2008
Message Posted: Jul 19, 2013 11:51:07 PM

Who cares.
KhelbenArunson
Champion Author Michigan

Posts:7,499
Points:1,467,510
Joined:Apr 2008
Message Posted: Jul 19, 2013 11:49:52 PM

ok
clermont40miles
Champion Author Cincinnati

Posts:14,659
Points:2,542,235
Joined:Apr 2008
Message Posted: Jul 19, 2013 11:48:41 PM

Keep OPEC cartel off balance - back on its heels.

Domestic production is a wonderful thing.

Let's have more of that!
TBRR
Champion Author Jacksonville

Posts:4,804
Points:785,480
Joined:Dec 2007
Message Posted: Jul 19, 2013 11:48:23 PM

poor babies!! cry me a river and see if i give a hoot.
Buddy2264
Champion Author Tampa

Posts:14,964
Points:3,135,995
Joined:Oct 2005
Message Posted: Jul 19, 2013 11:47:16 PM

I am guessing we are producing more in the US and importing less, but keeping the profit margin the same and prices high based on world prices.
badharley
Champion Author Tampa

Posts:2,830
Points:1,119,415
Joined:Jul 2010
Message Posted: Jul 19, 2013 11:43:58 PM

Just anything to raise prices.
LuckyLou1
Champion Author Colorado

Posts:3,694
Points:954,985
Joined:Oct 2012
Message Posted: Jul 19, 2013 11:43:48 PM

Definitely a good trend
frog082349
Rookie Author Wisconsin

Posts:9
Points:12,210
Joined:Dec 2004
Message Posted: Jul 19, 2013 11:42:37 PM

it is really a shame, we could control the gas prices if we just stuck together. if everyone would just burn one gallon a week less, or just buy enough gas for what they actually need we would bring big oil to their knees. remember they can only store so much.
believe it or not gas prices is what caused the recession. gas goes up everything goes up. stop being fools and only buy as much gas as you need, sure they will try to scare us with higher prices at first but like i said they can only store so much and then we got them. so wise up
livedream
Champion Author Michigan

Posts:7,108
Points:1,523,595
Joined:Mar 2011
Message Posted: Jul 19, 2013 11:39:36 PM

I don't care about OPEC "concerns".
I just want our own oil companies to stop charging us $3.99 a gallon for gas.
Robert44
Champion Author Columbus

Posts:4,925
Points:1,821,995
Joined:Mar 2004
Message Posted: Jul 19, 2013 11:37:14 PM

Drill Baby Drill!!!
ICUUCME
All-Star Author Ohio

Posts:587
Points:2,453,730
Joined:Sep 2005
Message Posted: Jul 19, 2013 11:35:46 PM

Won't mean a thing. One way or another the price will remain high.
hcivic
Champion Author Virginia

Posts:7,061
Points:3,034,515
Joined:Aug 2005
Message Posted: Jul 19, 2013 11:35:05 PM

good!!!!
DutchTreatMI
Champion Author Grand Rapids

Posts:6,147
Points:1,492,830
Joined:Mar 2011
Message Posted: Jul 19, 2013 11:34:58 PM

So OPEC is starting to shake in their boots.
DustyHorse
Champion Author Virginia

Posts:9,229
Points:2,128,590
Joined:Oct 2008
Message Posted: Jul 19, 2013 11:32:22 PM

Great.
BREW9
Champion Author Tampa

Posts:4,102
Points:3,686,660
Joined:Jun 2004
Message Posted: Jul 19, 2013 11:29:28 PM

good
BoerneWatch
Champion Author San Antonio

Posts:18,946
Points:3,229,965
Joined:Oct 2005
Message Posted: Jul 19, 2013 11:24:19 PM

Cool graph!

OPEC is having their genitalia served to them.
FlyNFool
Champion Author South Carolina

Posts:11,382
Points:2,454,770
Joined:Aug 2008
Message Posted: Jul 19, 2013 11:22:28 PM

Nice to see OPEC shaking!
gta_guy
Champion Author Toronto

Posts:3,205
Points:888,965
Joined:Nov 2012
Message Posted: Jul 19, 2013 11:15:38 PM

Interesting article
wayoung56
Champion Author Alabama

Posts:5,896
Points:1,575,210
Joined:Oct 2006
Message Posted: Jul 19, 2013 11:13:41 PM

Duh!!! Doh!!!
DrLyon
Champion Author Michigan

Posts:9,017
Points:1,916,860
Joined:May 2006
Message Posted: Jul 19, 2013 11:13:37 PM

Be smart about North American oil....
Get the price down USA...
beachmanglen
Champion Author Tampa

Posts:1,872
Points:1,069,575
Joined:Aug 2011
Message Posted: Jul 19, 2013 11:13:32 PM

OPEC will just be a memory in five years.
rawdog1313
Champion Author Lexington

Posts:4,878
Points:2,057,370
Joined:May 2008
Message Posted: Jul 19, 2013 11:11:08 PM

And......
ScottTee
Champion Author Detroit

Posts:7,583
Points:1,828,225
Joined:Mar 2010
Message Posted: Jul 19, 2013 11:10:58 PM

Don't worry the speculators will take over the job of screwing the consumers
Marson
Champion Author Scranton

Posts:12,079
Points:2,837,185
Joined:Oct 2006
Message Posted: Jul 19, 2013 11:09:04 PM

It is about time we turn the tables on the Mideast oil suppliers!
mlb318
Champion Author Cape Coral

Posts:1,290
Points:560,980
Joined:Apr 2013
Message Posted: Jul 19, 2013 11:08:28 PM

Interesting article
papou
Champion Author Tampa

Posts:13,971
Points:2,653,325
Joined:Jul 2005
Message Posted: Jul 19, 2013 11:04:51 PM

The other shoe has dropped
flyfast
Champion Author Kansas City

Posts:12,414
Points:2,593,550
Joined:Jan 2008
Message Posted: Jul 19, 2013 11:03:54 PM

good
we need to drill more
Lukus
Champion Author Halifax

Posts:11,359
Points:2,426,090
Joined:Nov 2007
Message Posted: Jul 19, 2013 11:02:59 PM

OK
bevmill
Champion Author Georgia

Posts:5,591
Points:1,360,765
Joined:Apr 2006
Message Posted: Jul 19, 2013 11:02:50 PM

ok
Post a reply Back to Topics