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Old 28-04-13, 01:46 PM   #1
Bibio
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Default American Oil

should the yanks be told by Opec to open their oil fields and start pumping oil like everyone else?

i don't think it's fair that they get to keep reserves while everyone else is depleting theirs.
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Old 28-04-13, 01:48 PM   #2
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Default Re: American Oil

America aren't a member if OPEC.
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Old 28-04-13, 09:51 PM   #3
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Default Re: American Oil

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America aren't a member if OPEC.
Well theres your problem!
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Old 28-04-13, 10:00 PM   #4
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Default Re: American Oil

I've seen first hand, oil fields in Texas that apparently have loads of oil but hardly ever get used, perhaps they are stock piling.
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Old 28-04-13, 11:01 PM   #5
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Default Re: American Oil

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Originally Posted by specialone View Post
I've seen first hand, oil fields in Texas that apparently have loads of oil but hardly ever get used, perhaps they are stock piling.
a well known phrase involving a nail, head and hammer somewhat comes to mind here! lol
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Old 29-04-13, 07:24 AM   #6
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Like it or not, they're being very shrewd.
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Old 29-04-13, 07:34 AM   #7
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Default Re: American Oil

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Originally Posted by Bibio View Post
should the yanks be told by Opec to open their oil fields and start pumping oil like everyone else?
None of OPEC's business to tell them what to do. Only thing they could do is convince them to do it by price rises... but why would they drive away their business?
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Old 29-04-13, 09:23 AM   #8
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Default Re: American Oil

Why sell it now or in the past when it's been cheap...sell it when it's super expensive, when everyone else runs out!
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Old 29-04-13, 02:33 PM   #9
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Default Re: American Oil

Only the same as what we're ( not ) doing with coal?
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Old 29-04-13, 02:51 PM   #10
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Default Re: American Oil

I'm confused. Is America holding on to its oil now? Last I heard their oil and gas production was expanding so massively that they expect to be self-sufficient in a decade. That's bad news if you're an OPEC member.
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