Tuesday, July 15, 2008
Exclusive: OPEC: A Recurring Nightmare
Exclusive: OPEC: A Recurring Nightmare
Family Security Matters, NJ - Jun 23, 2008
OPEC, acronym for The Organization of Petroleum Exporting Countries, was founded in Baghdad on September 14th, 1960, ostensibly to bargain and negotiate the sale of oil to the West by Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela….
They sound just like another commercial fraternal organization, but with the exception of Venezuela and a bizarre on again/off again romance with Ecuador, all member states are Muslim and the bulk of the oil reserves, estimated to be more than three quarters of the entire world’s, are located in the Arab Middle East….
Saudi Arabia and OPEC cohorts don't just hold us over a barrel of oil. They fund and control radicalized Middle East departments in major Universities …
http://www.familysecuritymatters.org/publications/id.437/pub_detail.asp
Labels: Arab lobby, arab oil, arabs, control, economy, energy, foreign policy, Iran, muslims, oil, OPEC, power, radical Islam, Saudi Arabia
Monday, July 14, 2008
(Arab Muslim dominated) OPEC's policies spurring price hike
Dailyrecord.com, NJ - Jul 5, 2008
While it is true that the United States gets most of its oil from non-Arab countries, it is in fact the Arab oil-producing nations that are driving up the price.
He states that the "price of oil is dictated to a large extent by U.S. oil companies." That is not the case.
OPEC, the Organization of Petroleum Exporting Countries, is a cartel of 12 member nations, with all but one, Venezuela, a Middle Eastern country. A cartel is, according to the American Heritage Dictionary, a combination of independent business organizations formed to regulate production, pricing and marketing of goods by the members. OPEC has for the first time since its creation in 1960 been acting like a real cartel. Formerly, cartel members would ignore regulated production goals established and pump more oil. More oil meant more supply.
The larger supply would keep the price down worldwide. Now we are seeing member nations holding firm to established production goals. In other words, while everyone, including President Bush, is asking them to produce more, they are not. The cartel is working.
The concepts of supply and demand are not sexy, but they certainly apply to the price of gasoline.
We learned in Economics 101 that price balances the supply to the demand. Look at it this way: Local farms are now harvesting their strawberries. One way to get these strawberries sold instead of going rotten is to lower the selling price. The local supermarket will sell many more quarts of strawberries at $2.50 as opposed to $3.99. The farmers might get a lower price, but they are not left with rotten fruit. Everyone wins in this scenario: Consumers get a lower price and farmers sell their harvest.
Would the local supermarket have any strawberries in stock in October if the price remained low when the supply from South America was one quarter what it is now? Go to the head of the class if you say your local supermarket would not have any strawberries in stock if the price was $2.50. They would sell out too quickly for the inventory to be replenished.
OPEC produces almost 36 percent of the world's oil. When any organization or company or country controls over a third of production, it effectively controls price. All one has to do is look at how Medicare/Medicaid price fixing has affected upward the cost of medical care to understand this.
Couple OPEC's regulated supply with the growing demand for oil worldwide and you see something discussed in your Economics 101 class: When demand goes up and supply does not change, the price will go up. It doesn't matter if you are talking strawberries or oil. Since 1999 worldwide demand for oil has grown 13 percent, led by the increased demand from China and India, both of which have almost doubled demand in that period.
So while it is true the Arab oil-producing nations are not the United States' majority supplier of oil, a group of them, OPEC, does produce over a third worldwide, thus significantly affecting the price worldwide. Maintaining cartel supply production goals has driven worldwide prices up. We do not live in a vacuum; there are other countries using oil and other producers, OPEC for example, supplying to the worldwide market.
It is true when Assaf says "(a) solution to skyrocketing gas prices is to for each of us to use less fuel"; I wonder if he means China and India as well?
Supply and demand is not a sexy topic, but these concepts affect life every day and have done so for centuries. Investments in U.S. Treasury bills do not set price; the balance between supply and demand does.
Mike Sabella is a resident of Budd Lake.
http://www.dailyrecord.com/apps/pbcs.dll/article?AID=/20080704/OPINION03/807040302/1096/OPINION
Technorati - Freedom 911 Al Qaida Al Qaeda Al Qaida Bin Laden Islamofascism Islam Apes and pigs Terrorism Terrorist oganization Hamas 'palestinians' Al Aqsa Alaqsa Muslims Christians Jews Arabs bombing Infidels Israel US Security Jihad War on Terror Iraq Iran Muslim control OPEC Euro Dollar Arab control Oil lobby Oil Mosque Foreign policy West non Muslims Democracy Venezuela Saudi Arabia Islamic Threat Nukes UAE Islamists
Labels: arab oil, economy, energy, oil, OPEC
Tuesday, June 10, 2008
ARAB OIL POWER CONTROL OF THE WORLD
http://www.terrorfreeoil.org/
Cartoon In UAE Paper: Arab World Sitting On Oil, Hungry For Bread
Cartoonist: 'Amer Al-Zo'abi
Source: Akhbar Al-Arab, UAE, May 28, 2008
http://www.thememriblog.org/blog_personal/en/7671.htm
http://www.heritage.org/Research/EnergyandEnvironment/bg95.cfm
http://www.sudantribune.com/spip.php?article4624
http://www.americanthinker.com/2006/09/the_democratic_party_and_the_j.html
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/04/AR2008060401325.html?nav=rss_politics
http://www.drudge.com/user/northguy3
http://www.msnbc.msn.com/id/3708671/
http://www.meforum.org/article/482
http://www.themiddleeastnow.com/arabdemocracy.html
http://lionheartuk.blogspot.com/2008/01/arab-oil-money-owns-british-justice.html
http://www.cnn.com/2008/WORLD/africa/02/03/chad.explainer/index.html
http://www.time.com/time/magazine/article/0,9171,907040-2,00.html
http://www.palestinefacts.org/pf_1967to1991_oilembargo_result.php
http://www.likud.nl/press428.html
http://www.think-israel.org/neuwirth.oilweapon.html
http://www.wnd.com/news/article.asp?ARTICLE_ID=45686
Who’s to Blame for High Gas Prices? The Arab oil producing countries are now taking $800 Billion Dollars per year from .... vote to allow drilling, nuclear power, and coal fired power plants. ...
http://www.plnewsforum.com/index.php/forums/viewthread/34155/
The vast power of the Saudi [ARAB] Lobby - ...Even during the Saudi-led oil embargo of 1973-74, an exceedingly hostile action ... Leading the Arab charge on Capitol Hill was the debonair Prince Bandar, ...
http://www.likud.nl/press433.html
The Power of Saudi Arabia's Islamic Leaders - Middle East Quarterly Lacking as they do formal control over policy making, the power of the ulema is missed ... October 17: A Kuwaiti-sponsored conference of Arab oil-producing ...
http://www.meforum.org/article/482
Labels: arab oil, control, energy