[Vision2020] Ah, yes . . .

[Ron Force]

OPEC, like most cartels, has disintegrated and is unable to come up with a strategy. All the producers except the Saudis want the others to reduce production to increase prices while they continue to pump. The Saudis, who have the lowest production costs are simultaneously trying to put the frackers & oil sands people out of business while also damaging Iran, their regional rival. The price will eventually rise again as the high cost producers go broke and go off-line. If the European and Chinese economies pick up that could lead to an increase in demand--probably not in the near future, given the European mis-management of their economies, and the German insistence on "reform" by others.Iran sees no OPEC shift toward a cut, says oil industry could withstand $25 crude

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| Iran sees no OPEC shift toward a cut, says oil industry ...DUBAI (Reuters) - Iran sees no sign of a shift within OPEC toward action to support oil prices, its oil minister said, adding its oil industry could ride out a furt... |
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   Ron Force
Moscow Idaho USA 

     On Tuesday, January 20, 2015 6:12 PM, Darrell Keim <keim153 at gmail.com> wrote:
   

 I think it will last-though not THIS low.  OPEC made a mistake, and the basic rule of economics kicked them for it.  They allowed their price to get high enough to spur research into cheaper methods.
OPEC will keep the price of a bbl just below what it takes for the frackers and tar sand folk to be profitable.
On Tue, Jan 20, 2015 at 6:00 PM, deb <debismith at moscow.com> wrote:

Sadly, it won't last. And Obama and the Liberal elite will be blamed when gas prices rise....Biz as usualDebi R-S
 ----- Original Message -----  From: Tom Hansen  To: Moscow Vision 2020  Sent: Tuesday, January 20, 2015 2:33 PM Subject: Ah, yes . . .  
  http://www.tomandrodna.com/Photos/Gas_012015.jpg

 Seeya 'round town, Moscow, because . . . 
 "Moscow Cares" (the most fun you can have with your pants on) http://www.MoscowCares.com     Tom Hansen Moscow, Idaho 
 "There's room at the top they are telling you still. But first you must learn how to smile as you kill, If you want to be like the folks on the hill." 
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