Comments on: How will a production cut by opec affect oil stocks? http://www.e-peakoil.com/oil-production/how-will-a-production-cut-by-opec-affect-oil-stocks Fri, 19 Nov 2010 04:17:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: socrates http://www.e-peakoil.com/oil-production/how-will-a-production-cut-by-opec-affect-oil-stocks/comment-page-1#comment-1585 socrates Fri, 30 Oct 2009 22:48:59 +0000 http://www.e-peakoil.com/oil-production/how-will-a-production-cut-by-opec-affect-oil-stocks#comment-1585 If OPEC announces production cuts it will cause oil price to increase somewhat. However, if everything else remains the same it probably will not last long. If oil production cuts are successful prices will go up if oil inventories decrease But OPEC nations cheat! That is why production cuts usually aren't very successful. Saudi Arabia's production costs are less than $10 a barrel. They are still making plenty of money and they want a certain amount of dollars flowing in every month. Concerning Russia,their production cost are high. Russia needed a price of almost $90 a barrel to make anything.That is why they are upset about today's prices. <br><b>References : </b><br> If OPEC announces production cuts it will cause oil price to increase somewhat. However, if everything else remains the same it probably will not last long. If oil production cuts are successful prices will go up if oil inventories decrease But OPEC nations cheat! That is why production cuts usually aren’t very successful. Saudi Arabia’s production costs are less than $10 a barrel. They are still making plenty of money and they want a certain amount of dollars flowing in every month. Concerning Russia,their production cost are high.
Russia needed a price of almost $90 a barrel to make anything.That is why they are upset about today’s prices.

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]]> By: jeff410 http://www.e-peakoil.com/oil-production/how-will-a-production-cut-by-opec-affect-oil-stocks/comment-page-1#comment-1584 jeff410 Fri, 30 Oct 2009 22:27:59 +0000 http://www.e-peakoil.com/oil-production/how-will-a-production-cut-by-opec-affect-oil-stocks#comment-1584 With the falling demand for oil its probably only going to stem the price fall somewhat, but not stop it.<br><b>References : </b><br> With the falling demand for oil its probably only going to stem the price fall somewhat, but not stop it.
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