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Saudis opt out of opec,, good or bad? #8605228 Yesterday at 05:40 PM Yesterday at 05:40 PM
Joined: Jun 2007 Illinois foxkidd44 OP trapper
foxkidd44 OP trapper Joined: Jun 2007 Illinois	Just saw were the Saudi Arabia is leaving opec.. Is that good or bad news?? Stand by your principles, Stand by your guns, and victory complete and permanent is sure at last. Abraham Lincoln

Re: Saudis opt out of opec,, good or bad? [Re: foxkidd44] #8605230 Yesterday at 05:44 PM Yesterday at 05:44 PM
Joined: Mar 2007 McGrath, AK W white17 "General (Mr.Sunshine) Washington"
white17 "General (Mr.Sunshine) Washington" W Joined: Mar 2007 McGrath, AK	UAE Not saudi Mean As Nails

Re: Saudis opt out of opec,, good or bad? [Re: foxkidd44] #8605236 Yesterday at 06:03 PM Yesterday at 06:03 PM
Joined: May 2011 Kansas K Kansas Cat trapper
Kansas Cat trapper K Joined: May 2011 Kansas	i gave my thoughts on this in the other thread. It is certainly an interesting time to live.

Re: Saudis opt out of opec,, good or bad? [Re: foxkidd44] #8605255 Yesterday at 06:53 PM Yesterday at 06:53 PM
Joined: Dec 2006 Coldspring Texas Savell trapper
Savell trapper Joined: Dec 2006 Coldspring Texas	…. Saudi runs opec … doubt they opted out Insert profound nonsense here

Re: Saudis opt out of opec,, good or bad? [Re: Savell] #8605257 Yesterday at 06:58 PM Yesterday at 06:58 PM
Joined: May 2011 Oakland, MS yotetrapper30 trapper
yotetrapper30 trapper Joined: May 2011 Oakland, MS	Originally Posted by Savell …. Saudi runs opec … doubt they opted out lol Gotta find a way, a better way, I'd better wait Just because you're paranoid doesn't mean they're not after you

Re: Saudis opt out of opec,, good or bad? [Re: foxkidd44] #8605263 Yesterday at 07:09 PM Yesterday at 07:09 PM
Joined: Jan 2018 MN D Donnersurvivor trapper
Donnersurvivor trapper D Joined: Jan 2018 MN	UAE left, its a great thing for oil prices. UAE can avoid shipping their old through the strait of Hormuz via pipeline. May 1st they will not have a cap on the amount of oil they can sell allowing them to capitalize on these prices and giving the world a modicum of relief I don't know half of you half as well as I should like, & I like less than half of you half as well as you deserve

Re: Saudis opt out of opec,, good or bad? [Re: foxkidd44] #8605266 Yesterday at 07:11 PM Yesterday at 07:11 PM
Joined: Dec 2011 MT S snowy trapper
snowy trapper S Joined: Dec 2011 MT	UAE leaving has been something they wanted for a long time. They want to produce more oil so it will increase supply and that means lower prices. It also gives the big oil US oil producers to partner with these larger countries. To answer your question UAE leaving OPEC will benefit the USA in many ways. The long haul it is good for us. The current issue for them UAE is the strait is closed so they can't start shipping more oil out till strait opens. Iran is the issue and wants to be boss of that international water highway. Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime

Re: Saudis opt out of opec,, good or bad? [Re: foxkidd44] #8605278 Yesterday at 07:26 PM Yesterday at 07:26 PM
Joined: May 2009 Champaign County, Ohio. K KeithC trapper
KeithC trapper K Joined: May 2009 Champaign County, Ohio.	The UAE leaving OPEC could be good for us. Oil could be produced at a much higher rate, but it's production is limited by OPEC to keep prices high. The UAE will no longer be forced to limit production, which will drive prices down if it starts producing more. Keith

Re: Saudis opt out of opec,, good or bad? [Re: white17] #8605425 Yesterday at 10:54 PM Yesterday at 10:54 PM
Joined: Jun 2007 Illinois foxkidd44 OP trapper
foxkidd44 OP trapper Joined: Jun 2007 Illinois	Originally Posted by white17 UAE Not saudi Ty for the clarification Stand by your principles, Stand by your guns, and victory complete and permanent is sure at last. Abraham Lincoln

Re: Saudis opt out of opec,, good or bad? [Re: KeithC] #8605427 Yesterday at 10:55 PM Yesterday at 10:55 PM
Joined: Jun 2007 Illinois foxkidd44 OP trapper
foxkidd44 OP trapper Joined: Jun 2007 Illinois	Originally Posted by KeithC The UAE leaving OPEC could be good for us. Oil could be produced at a much higher rate, but it's production is limited by OPEC to keep prices high. The UAE will no longer be forced to limit production, which will drive prices down if it starts producing more. Keith Ty for the explanation. Good deal Stand by your principles, Stand by your guns, and victory complete and permanent is sure at last. Abraham Lincoln

Re: Saudis opt out of opec,, good or bad? [Re: foxkidd44] #8605431 Yesterday at 11:04 PM Yesterday at 11:04 PM
Joined: Dec 2007 40 years Alaska, now back to O... A alaska viking trapper
alaska viking trapper A Joined: Dec 2007 40 years Alaska, now back to O...	Well, it's not just that the UAE wants to pump more oil. They also want a bit different relationship with Isreal than the rest of the Arab states. Just doing what I want now.

Re: Saudis opt out of opec,, good or bad? [Re: foxkidd44] #8605447 Yesterday at 11:41 PM Yesterday at 11:41 PM
Joined: Jan 2008 Alaska and Washington State W waggler trapper
waggler trapper W Joined: Jan 2008 Alaska and Washington State	It might be because the UAE wants to detach from the petro-dollar. That would really upset the west, but it seems to be the way things are headed. If this is the reason, it would NOT be good for the USA. "My life is better than your vacation"

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