Replies to post #9176 on The Rising Influence of Rising Affluence

[jbog]

They can agree on anything but then it'll only take a month before they figure out everyone's cheating. Oil might get a temporary bounce for a couple of weeks and then it'll head south again.

What country can afford to cut its production. None.

Every socialist country is broke and in debt so'll they have to pump as much as they can for as long as they can. Then throw in Russia and the Middle East and not one of those countries can afford a reduction.

On the other hand, long term lower energy prices might finally be the catalyst that will enable this board to fulfill its goals.

[DocLevi]

Russia bought over 150 million metric tons of gold this year (read recently) and until I read yesterday that the big Russian oilman went to visit OPEC I was sure they were going to stick with market share.

I'm starting to tilt... Russia has sent old aircraft real close to our airspace (bombers and fighters seems like a month ago)... okay so that could've been to get a rise in gold prices with hindsight... but with some analyst claiming gold is head for 700/t.oz. it seems nuts to be buying gold... Is Russia preparing for war with NATO or whomever over Crimea? Or Syria? Or are they really willing to join China looney general that wanted to nuke every US city just prior to 9/11 (like the year before).. and with NAFTA a hole in defense, it'll be easy to slowly drop in one (1) elite force as passenger in NAFTA truck per truck per days... they could have a whole army or more here in the states already (China that is). Russia already has many sleeper immigrants... I could go on for a long time.

Then Brazil just hit a new find, they'll want to keep their market share. Nigeria is hurting, they'll keep market share. Ven. Mex... so market share was a shoe-in until Russia is flexing muscle in OPEC. Saudi wants to deal with US except behind the scenes and most likely has nukes already from Russia if not they may be offered. I doubt Arabia cares other than market share since Iraq and Iran cut prices to bypass International sanctions embargos. Like months ago heard they were selling at 35/bbl back when prices were 100+/bbl. Russia has been like the rest of them and mouthed off on limits then sold more (and one main oilman is not Putin - is his daughter still not married?)

I need more Intel... If its oil cut its pure pressure from UK/USA and nothing else (so it may be played on options market to the fickle commodity markets.

I still think that if OPEC was strong like back in the 70's the best move for them in the long run is to cutoff the American market completely forcing the use of shale oil up (actually prices might skyrocket.) But they can't get Mexico to obey for one and probably Brazil for another.

I did hear someone on a radio show in 1260 am Santa Fe ... bits and pieces of him claiming world demand is actually more than supply and even though electric cars etc. it would still get worse every year... I was in Albuquerque and signal strength was forcing ear stain.

What wild steps are coming to support gold prices for Russia or will they do nothing and collapse? Absolutely not. So did their spies come back with gold standard talk in US again or hear China will invade or go to war with West over Ukraine / Syria .. .or even plan on being a world peace police like US and send troops to Iraq (willing to war with US)... lol It must be planned for and intel must be gather on those type of events. 150 metric tons in a falling market? Something is up.