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Author Topic: Fracking Seen Robbing OPEC of Gasoline Pricing Powe Back to Topics
skb69sa
Champion Author
San Antonio

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Message Posted: Dec 10, 2012 2:38:02 PM

The success of American drillers in coaxing fossil fuels from shale rock has the potential to boost production so much that it may deny OPEC the power to set global oil and gasoline prices, an intelligence advisory panel concluded.

Rising domestic production from hydraulic fracturing is expanding U.S. supplies, which would shift the balance of power in global energy markets, according to the report by the National Intelligence Council released today. The council, an adviser to the director of national intelligence, publishes a report every four years to aid policymakers’ long-term planning.

As the U.S. adds supply, the Organization of Petroleum Exporting Countries’ influence over prices would wane, according to the report that echoes previous studies that project benefits from a drill pr
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REPLIES (newest first) Post a Reply
DanMtz
Champion Author Oakland

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Message Posted: Dec 11, 2012 10:51:50 PM

Oh well.
WalkingWV
Champion Author West Virginia

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Message Posted: Dec 11, 2012 10:45:06 AM

Yay, to robbing OPEC!
danny999
Champion Author Florida

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Message Posted: Dec 11, 2012 6:31:04 AM

Anything that takes sales from OPEC is a good thing.
tankumo
All-Star Author Vancouver

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Message Posted: Dec 11, 2012 1:24:08 AM

Fact is, the Saudis will have less to export, their booming population needs more oil than ever before.

iFueler
Champion Author Durham

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Message Posted: Dec 11, 2012 12:50:22 AM

as oil source percentages shift, so will market makers (pricing) shift

[Edited by: iFueler at 12/11/2012 12:51:53 AM EST]
andy1024
Champion Author Allentown

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Message Posted: Dec 10, 2012 11:22:55 PM

Bad for OPEC but good for US.
doghaulr
Rookie Author Denver

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Message Posted: Dec 10, 2012 9:13:37 PM

And what is the problem? Down w/ OPEC!!
jjjleblanc
Champion Author Rochester

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Message Posted: Dec 10, 2012 8:46:04 PM

Looking forward to robbing all power from OPEC.
bwatchingu
Champion Author Arkansas

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Message Posted: Dec 10, 2012 7:15:41 PM

good
turboz2012
Champion Author Charleston

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Message Posted: Dec 10, 2012 6:57:05 PM

this is good news
playtimeCLE
Champion Author Cleveland

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Message Posted: Dec 10, 2012 6:26:43 PM

the best thing that could come from this would be to break up OPEC. I know, I'm dreaming, right?
kag2010
Champion Author Winnipeg

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Message Posted: Dec 10, 2012 5:47:14 PM

Speculators is all..
ScottTee
Champion Author Detroit

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Message Posted: Dec 10, 2012 5:44:26 PM

interesting, hope it really turns out to be true.
mike56MI
Champion Author Michigan

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Message Posted: Dec 10, 2012 5:21:28 PM

Great.
MrLefty0706
Champion Author Chicago

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Message Posted: Dec 10, 2012 4:29:25 PM

Good news! Now take the speculators out of the process!
jimgraham
Champion Author Akron

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Message Posted: Dec 10, 2012 4:09:11 PM

It would be nice to see a oversupply of oil killing off the speculators!
nerde
Champion Author Florida

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Message Posted: Dec 10, 2012 4:00:42 PM

What a bullsht article. As if OPEC set's prices. Are we in the 1970s? Unregulated hedge funds set oil prices not OPEC. This article is simply more corporate pro-fracking propaganda using fracking as the good-guy nemesis to the villian OPEC
Rappcommuter
All-Star Author Virginia

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Message Posted: Dec 10, 2012 3:13:15 PM

I think the ever increasing demand for oil, especially in China and India, will keep them as vital players in the oil market.
md11capt
Champion Author Denver

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Message Posted: Dec 10, 2012 3:06:55 PM

Wow! Maybe fracking is good for something after all.
uglytom
Champion Author Florida

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Message Posted: Dec 10, 2012 3:03:38 PM

Another panel prediction!!
JamesCalvin
Champion Author Lancaster

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Message Posted: Dec 10, 2012 3:03:08 PM

OOOPS!Careful now!

We don't want this to get out of hand!

[Edited by: JamesCalvin at 12/10/2012 3:04:09 PM EST]
humblepie
Champion Author Toledo

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Message Posted: Dec 10, 2012 2:52:57 PM

obama wont like that
gizbo123
Champion Author Los Angeles

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Message Posted: Dec 10, 2012 2:40:13 PM

Frack the Opecers like we said in the 70's. We shouldn't be importing anyway.
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