Awesome: OPEC loses its teeth

[Core]

This has been in play for several years, OPEC losing its influence. Remember back in the day they essentially held world oil prices hostage. If prices got too low they cut production to ensure we were cranking lots of money/barrel to these crappy nations which give the world absolutely jack squat except for oil. Now OPEC is asking the US to cut back production. Fat chance. OPEC is done. As a bully their place in the world is over. They are still relevant, but they are now merely one seat at the table.

Very few of these big oil producers sunk serious money into development of alternate industries so now as they struggle long term with "low" oil prices their economies will be permanently and negatively impacted.

http://money.cnn.com/2017/05/11/investing/opec-oil-u-s-supply/index.html?iid=ob_homepage_deskrecommended_pool

[TACC]

They can all go pound sand.

I hope in coming years they come to us for subsistence of some kind and we tell them again


Go pound sand

Sent from my SM-G900T3 using Tapatalk

[fasteddie]

6 hours ago, TACC said:

They can all go pound sand.

I hope in coming years they come to us for subsistence of some kind and we tell them again


Go pound sand

Sent from my SM-G900T3 using Tapatalk
 

Go pound sand ? Are we out of rock salt ?