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Author Topic: Does OPEC still have the U.S. over a barrel? Back to Topics
greshams

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Cincinnati

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Message Posted: Oct 13, 2013 3:11:08 AM

n October 1973, the Arab members of OPEC pointed at the United States — and fired.
The Arab nations in the Organization of the Petroleum Exporting Countries imposed an embargo on direct oil shipments to the United States in retaliation for U.S. support for Israel, which was battling invasions by Egypt and Syria. They also announced production cuts of 5 to 10 percent.

“I’m sitting at my desk at the Pentagon,” recalls James Schlesinger, then secretary of defense, “and a cable comes in, and it reads: ‘In accordance with the orders of His Majesty, we are obliged to cut off all oil supplies to your 6th Fleet and to your forces in western Europe. Signed [Saudi oil
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TruthMatters
Champion Author New Jersey

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Message Posted: Oct 14, 2013 8:48:42 AM

Maybe not a whole barrel, but to brag about U.S. oil independence now is a bit premature!
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dandvicb
Champion Author Bridgeport

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Message Posted: Oct 14, 2013 6:23:21 AM

All about SPECULATION & GREED!!!
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 14, 2013 5:45:30 AM

carl5: not sure that is really true.
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SammyAdams
Champion Author Tallahassee

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Message Posted: Oct 13, 2013 11:42:20 PM

Building the Keystone XL pipeline will do much to frustrate OPEC ill wishes for US.
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captcarl5
Champion Author Pennsylvania

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Message Posted: Oct 13, 2013 7:48:10 PM

not so fast we getting smarter
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ktbaeohana
Champion Author Las Vegas

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Message Posted: Oct 13, 2013 6:05:02 PM

will see.
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RitaVespa
Champion Author Oregon

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Message Posted: Oct 13, 2013 1:40:41 PM

They think so
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ss70
Champion Author Detroit

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Message Posted: Oct 13, 2013 12:20:45 PM

not like earlier
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pt1KY
Champion Author Lexington

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Message Posted: Oct 13, 2013 11:22:28 AM

I think the US oil market has us over a bigger barrell then OPEC
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sljbc475
Champion Author Tucson

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Message Posted: Oct 13, 2013 10:58:32 AM

OPEC does what they want to make money for themselves.
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merlinCO
Champion Author Colorado

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Message Posted: Oct 13, 2013 10:12:00 AM

They control the price of oil through speculators.
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Skunk63
Champion Author Phoenix

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Message Posted: Oct 13, 2013 10:05:35 AM

If you believe OPEC is going anywhere you are wrong. While the cartel is not as powerful as it once was it is still very healthy.
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ObieDog
Champion Author Maryland

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Message Posted: Oct 13, 2013 9:51:24 AM

Keep conserving.
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wrunner
Champion Author Virginia

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Message Posted: Oct 13, 2013 9:35:07 AM

The sun is setting on OPEC.

OPEC will soon be selling desert sand.

OPEC controls the barrel, only if the U.S. let's it.
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VMIJim
Champion Author Alabama

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Message Posted: Oct 13, 2013 8:52:27 AM

As long as Oblamer is in office, not only do the OPEC vultures have us over a barrel but the rest of the world is laughing at us because of his Chicken Little approach to the govt shutdown & debt ceiling. Is there any adult leadership here?
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DoctorV
Champion Author Detroit

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Message Posted: Oct 13, 2013 8:51:58 AM

" Who's the retard here? "

You are jeskibuff.
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ostrichNV
Champion Author Nevada

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Message Posted: Oct 13, 2013 8:49:01 AM

In the near term, yes.

But not forever -- and independence from the Arabs that HATE us will be a glorious day!
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derKraut
Champion Author Ontario

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Message Posted: Oct 13, 2013 8:43:04 AM

Amazing as approving the Keystone pipeline from Canada would ensure the USA is not dependant on OPEC.
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Peachy1
Champion Author St. Louis

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Message Posted: Oct 13, 2013 8:31:32 AM

Any way you look at it, it's all about $$$.
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bar1035
Champion Author Charlotte

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Message Posted: Oct 13, 2013 8:30:37 AM

Don't think for a moment that you wouldn't feel it if they cut supplies off again.
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Radar1992
Champion Author Virginia

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Message Posted: Oct 13, 2013 8:30:02 AM

OPEC is terrified of our reserves and this is a scare tactic...
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scu227
Champion Author New Haven

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Message Posted: Oct 13, 2013 8:16:34 AM

NO !!!

We are own worst enemy, we export our supplies and import more expensive supplies from overseas.
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NJJG
Champion Author Manitoba

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Message Posted: Oct 13, 2013 7:51:09 AM

GOOD FOR YOU..
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DC_Rider
Rookie Author Florida

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Message Posted: Oct 13, 2013 7:50:55 AM

Oil and drugs are the reasons we are at war in the middle east.
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Evilmaddog
Champion Author British Columbia

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Message Posted: Oct 13, 2013 7:47:17 AM

$$$$$$$$$$$$$
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sydb7
Champion Author Atlanta

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Message Posted: Oct 13, 2013 7:43:35 AM

No. The U. S. is the new OPEC!
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gs7101
Champion Author San Antonio

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Message Posted: Oct 13, 2013 7:43:08 AM

Of course they do!
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Bxman
All-Star Author Richmond

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Message Posted: Oct 13, 2013 7:40:37 AM

Has oil profits been hurt?
Should our President apologize?
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bklynse
Champion Author Los Angeles

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Message Posted: Oct 13, 2013 7:39:19 AM

Undeniably yes
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99dakota
Champion Author Providence

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Message Posted: Oct 13, 2013 7:38:42 AM

No. We have ourselves over a barrel...
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FBI2991
Champion Author Michigan

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Message Posted: Oct 13, 2013 7:38:30 AM

Jeskibuff said it all!!!
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carpenter4u
Champion Author Virginia

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Message Posted: Oct 13, 2013 7:37:48 AM

Must be energy independent
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bobcatfan
Champion Author Kentucky

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Message Posted: Oct 13, 2013 7:35:27 AM

Until we become less tied to oil in general we will be at the mercy of foreign governments. Using less and finding alternatives is the only thing that can work in the long term.
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Gassed01
Champion Author Toronto

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Message Posted: Oct 13, 2013 7:32:15 AM

Definitely yes. But OPEC has also become accustomed to raking in the $billions from us so I don't think they'll do anything drastic. There isn't enough demand from the rest of the world to replace what we're buying. Regardless, get Keystone built and we can import even less from OPEC. I don't understand why Obama is sitting on this.
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sparkie951
Champion Author Roanoke

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Message Posted: Oct 13, 2013 7:31:51 AM

Not as much... We don't need them any longer
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StraKat
Champion Author Ohio

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Message Posted: Oct 13, 2013 7:31:42 AM

And big oil has consumers over a barrel.
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rjd1608
Champion Author Toledo

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Message Posted: Oct 13, 2013 7:30:54 AM

I think they do because of long term contracts that have been signed.
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fuzziWA
Champion Author Washington

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Message Posted: Oct 13, 2013 7:30:11 AM

the barrel is getting smaller
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bassakwards007
Champion Author Orange County

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Message Posted: Oct 13, 2013 7:29:22 AM

Hard to tell
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bobzilla11
Champion Author Indiana

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Message Posted: Oct 13, 2013 7:29:22 AM

started with nixon
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vwilsonskis
Champion Author New Jersey

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Message Posted: Oct 13, 2013 7:29:06 AM

Consider our world's consumption, even at reduced rate, they still have us over a barrel forty years later.
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Banjoe
Champion Author Winnipeg

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Message Posted: Oct 13, 2013 7:27:58 AM

So do a quick flip to natural gas vehicles and stop using OPEC oil.

Or is there too much money being made with the present setup?
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NotmeuQc
Champion Author Montreal

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Message Posted: Oct 13, 2013 7:25:03 AM

They probably do, but they shouldn't with all the crude Canada and the US have.
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Bobmilan
Champion Author Louisville

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Message Posted: Oct 13, 2013 7:24:07 AM

Only if we let them.

Build the XL.
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ramgas
Champion Author Texas

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Message Posted: Oct 13, 2013 7:23:49 AM

We should end the exportation of energy resources from this continent and become energy independent.
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jeff95519
Champion Author California

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Message Posted: Oct 13, 2013 7:22:45 AM

drill baby drill
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biggiesize
Champion Author Gary

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Message Posted: Oct 13, 2013 7:20:57 AM

They should not but we allow them to!
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jeskibuff
Champion Author Tampa

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Message Posted: Oct 13, 2013 7:19:53 AM

studebaker1940 said: "As long as we have a Muslim president."

To which GoBlazers responded: "Retard."

Who's the retard here?

Obozo's "apology tour" to Muslim nations, his push for NASA to make Muslims feel better about themselves, his aid to terrorists, his Indonesian/African Muslim heritage, his slip of the tongue and his now obvious general disdain for Americans and trashing of the economy all knit together to form a pretty good picture of our liar-in-chief to be the Muslim he denies he is.

No president has ever done so much damage in such a short time to our nation. You have to have been a retard to vote for him, even one time.
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pper
Champion Author Grand Rapids

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Message Posted: Oct 13, 2013 7:19:31 AM

They shouldn't except for Obama's policies.
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raccoon2011
Champion Author Massachusetts

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Message Posted: Oct 13, 2013 7:19:07 AM

politics
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