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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


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Submitted Jul 19, 2013 By: mastermariner
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Author Topic: 5 Companies That Have OPEC "Concerned" Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Jul 23, 2013 5:41:55 AM

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

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Message Posted: Jul 20, 2013 1:37:18 PM

KEEP AMERICAN OIL IN AMERICA!
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KrsnaDragon
Champion Author Montreal

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Message Posted: Jul 20, 2013 6:57:36 AM

Time turns around.
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oldmack
Champion Author Riverside

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Message Posted: Jul 20, 2013 3:21:48 AM

Wow!
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Double_Golden
Champion Author San Francisco

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Message Posted: Jul 20, 2013 12:45:32 AM

ok...
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DocWyeth
Champion Author Allentown

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Message Posted: Jul 20, 2013 12:29:25 AM

ok
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jetlagAK
Champion Author Anchorage

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Message Posted: Jul 20, 2013 12:24:39 AM

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

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Message Posted: Jul 20, 2013 12:23:33 AM

Sounds great!
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dongo50
Champion Author West Virginia

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Message Posted: Jul 20, 2013 12:23:29 AM

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

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Message Posted: Jul 20, 2013 12:22:11 AM

ok
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rap12MA
Champion Author Boston

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Message Posted: Jul 20, 2013 12:18:17 AM

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

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Message Posted: Jul 20, 2013 12:06:46 AM

We are a threat!
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rippinusoff
Champion Author Lexington

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Message Posted: Jul 20, 2013 12:03:48 AM

Ok
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smileynish
Champion Author Florida

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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.
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SpankyMI
Champion Author Kalamazoo

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Message Posted: Jul 20, 2013 12:02:54 AM

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

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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?
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TLL59
Champion Author Oklahoma

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Message Posted: Jul 19, 2013 11:55:18 PM

ok
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fenster66
Champion Author Pittsburgh

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Message Posted: Jul 19, 2013 11:54:54 PM

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

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Message Posted: Jul 19, 2013 11:54:10 PM

OPEC still controls the supply.
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MidNJ
Champion Author New Jersey

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Message Posted: Jul 19, 2013 11:53:36 PM

ICU-U-C me,

I agree!
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RENEGADEGAS
Champion Author Missouri

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Message Posted: Jul 19, 2013 11:51:41 PM

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

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Message Posted: Jul 19, 2013 11:51:17 PM

great
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smoketown
Champion Author Cincinnati

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Message Posted: Jul 19, 2013 11:51:07 PM

Who cares.
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KhelbenArunson
Champion Author Michigan

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Message Posted: Jul 19, 2013 11:49:52 PM

ok
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clermont40miles
Champion Author Cincinnati

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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!
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TBRR
Champion Author Jacksonville

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Message Posted: Jul 19, 2013 11:48:23 PM

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

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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.
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badharley
Champion Author Tampa

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Message Posted: Jul 19, 2013 11:43:58 PM

Just anything to raise prices.
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LuckyLou1
Champion Author Colorado

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Message Posted: Jul 19, 2013 11:43:48 PM

Definitely a good trend
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frog082349
Rookie Author Wisconsin

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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
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livedream
Champion Author Michigan

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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.
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Robert44
Champion Author Columbus

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Message Posted: Jul 19, 2013 11:37:14 PM

Drill Baby Drill!!!
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ICUUCME
Veteran Author Ohio

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Message Posted: Jul 19, 2013 11:35:46 PM

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

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Message Posted: Jul 19, 2013 11:35:05 PM

good!!!!
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DutchTreatMI
Champion Author Grand Rapids

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Message Posted: Jul 19, 2013 11:34:58 PM

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

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Message Posted: Jul 19, 2013 11:32:22 PM

Great.
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BREW9
Champion Author Tampa

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Message Posted: Jul 19, 2013 11:29:28 PM

good
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BoerneWatch
Champion Author San Antonio

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Message Posted: Jul 19, 2013 11:24:19 PM

Cool graph!

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

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Message Posted: Jul 19, 2013 11:22:28 PM

Nice to see OPEC shaking!
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gta_guy
Champion Author Toronto

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Message Posted: Jul 19, 2013 11:15:38 PM

Interesting article
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wayoung56
Champion Author Alabama

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Message Posted: Jul 19, 2013 11:13:41 PM

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

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Message Posted: Jul 19, 2013 11:13:37 PM

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

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Message Posted: Jul 19, 2013 11:13:32 PM

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

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Message Posted: Jul 19, 2013 11:11:08 PM

And......
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ScottTee
Champion Author Detroit

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Message Posted: Jul 19, 2013 11:10:58 PM

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

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Message Posted: Jul 19, 2013 11:09:04 PM

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

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Message Posted: Jul 19, 2013 11:08:28 PM

Interesting article
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papou
Champion Author Tampa

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Message Posted: Jul 19, 2013 11:04:51 PM

The other shoe has dropped
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flyfast
Champion Author Kansas City

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Message Posted: Jul 19, 2013 11:03:54 PM

good
we need to drill more
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Lukus
Champion Author Halifax

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Message Posted: Jul 19, 2013 11:02:59 PM

OK
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