If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(MSN)   The oil kings are getting hit hard, and now they may need to change their pricing habit   ( msn.com) divider line
    More: Interesting, United Arab Emirates, Middle Eastern producers, Middle East, Middle East producers, Saudi Arabia, Asia, Petroleum, Iran  
•       •       •

3045 clicks; posted to Business » on 21 Jan 2018 at 11:48 AM (25 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



27 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2018-01-21 10:12:45 AM  
My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel" Rashid bin Saeed Al Maktoum
 
2018-01-21 12:32:55 PM  
If they didn't squander all of those #1 draft picks they'd be doing much better than they are.
 
2018-01-21 01:48:12 PM  

alechemist: My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel" Rashid bin Saeed Al Maktoum


It used to be "his son will fly a jet" (but after that the camels will be back).  Reality is already set in.  I'm guessing Dubai won't be as profitable without the money in the gulf, but at least it is a shot at post-oil income.
 
2018-01-21 01:48:58 PM  
...."pricing habit" is that their parlance for "bending the consumer over"?......

or do you mean these guys?

img.fark.netView Full Size
 
2018-01-21 01:51:30 PM  
Now, easier access to cargoes in a world flooded with oil and the end of a ban on U.S. crude exports is giving buyers more of a say and forcing sellers to focus on customer needs. Competingsupply from the Americas to Europe and Africa to countries such as China and India are eating into Middle Eastern producers' market share, putting them on the defensive.

It's almost as if markets work, but we all know that can't be true.
 
2018-01-21 02:05:16 PM  

alechemist: My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel" Rashid bin Saeed Al Maktoum


I see you and raise you:

"The Stone Age came to an end, not because we had a lack of stones, and the oil age will come to an end, not because we have a lack of oil." - Sheikh Ahmed Zaki Yamani
 
kab
2018-01-21 02:34:02 PM  
TL:DR - My guess is, expect gas prices to go up.  Because fark you, pay me.
 
2018-01-21 02:44:16 PM  

jjorsett: Now, easier access to cargoes in a world flooded with oil and the end of a ban on U.S. crude exports is giving buyers more of a say and forcing sellers to focus on customer needs. Competingsupply from the Americas to Europe and Africa to countries such as China and India are eating into Middle Eastern producers' market share, putting them on the defensive.

It's almost as if markets work, but we all know that can't be true.


They work when they aren't being interfered with.  You really are adorable.
 
2018-01-21 02:50:45 PM  

New Age Redneck: ...."pricing habit" is that their parlance for "bending the consumer over"?......

or do you mean these guys?

[img.fark.net image 600x400]


Good hockey. Cheap tickets.
 
2018-01-21 02:50:52 PM  
i.imgur.comView Full Size
 
2018-01-21 03:06:29 PM  

itcamefromschenectady: "The Stone Age came to an end, not because we had a lack of stones, and the oil age will come to an end, not because we have a lack of oil." - Sheikh Ahmed Zaki Yamani


Sheikh Ahmed Zaki Yamani is pretty terrible at analogies.
 
2018-01-21 03:29:31 PM  
Summer here in Maine: $2.25/gal Regular. 
Now (January): $2.57/gal Regular.

I'm certain, nee 100% positive, that if we could see $5 gas under Bush, we're going to see that under Trimp.

/Just bought a '76 Fleetwood this past summer
//500CI engine (8.2 liters)
///Luckily runs on regular
 
2018-01-21 03:57:55 PM  
grumpy_cat_good.jpg
 
2018-01-21 04:15:47 PM  

alechemist: My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel" Rashid bin Saeed Al Maktoum


Yeah, but the camels will be way cooler than they were in grandpa's day...

img.fark.netView Full Size
 
2018-01-21 04:20:07 PM  

Znuh: Summer here in Maine: $2.25/gal Regular. 
Now (January): $2.57/gal Regular.

I'm certain, nee 100% positive, that if we could see $5 gas under Bush, we're going to see that under Trimp.

/Just bought a '76 Fleetwood this past summer
//500CI engine (8.2 liters)
///Luckily runs on regular


img.fark.netView Full Size
You'll be glad you did, here's mine;
 
2018-01-21 05:16:52 PM  
...or not:

4.bp.blogspot.comView Full Size
 
2018-01-21 05:50:05 PM  
two towns over:  [img.fark.net image 425x239]You'll be glad you did, here's mine;

Beautiful car! I gotta say, this being my first Cadillac, I'm floored. I was super-skeptical, but the car blew away any negatives I thought I was going to have. It truly is like driving in cheat mode. No hill's too steep, you don't get tired on long road trips, and I even averaged 18mpg (better than my old Bronco). 

I'm absolutely sold. Everyone should drive a big Cadillac at least once.
 
2018-01-21 05:50:44 PM  

yet_another_wumpus: alechemist: My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel" Rashid bin Saeed Al Maktoum

It used to be "his son will fly a jet" (but after that the camels will be back).  Reality is already set in.  I'm guessing Dubai won't be as profitable without the money in the gulf, but at least it is a shot at post-oil income.


Dubai has a pretty diverse economy. It's biggest challenge is climate change. Coping with the incredibly hot summers is going to increase the cost of everything.
 
2018-01-21 06:04:27 PM  

riot_kid: jjorsett: Now, easier access to cargoes in a world flooded with oil and the end of a ban on U.S. crude exports is giving buyers more of a say and forcing sellers to focus on customer needs. Competingsupply from the Americas to Europe and Africa to countries such as China and India are eating into Middle Eastern producers' market share, putting them on the defensive.

It's almost as if markets work, but we all know that can't be true.

They work when they aren't being interfered with.  You really are adorable.


Either your sarcasm meter is broken or I don't know what your point is. For the longest time OPEC countries raked in money through nationalized oil fields. Privately owned corporations wanting to do business in these countries were forced to share profits with the governments. This point seems to get blanked out by those who suggest the OPEC monopoly was somehow a consequence of capitalism, that it was a case of "capitalism eating itself" and blah blah blah. Quite clearly it was a case of governments eating capitalism. The U.S. is poised to become the world's largest oil producer, and unlike so many other countries it accomplished this without nationalization schemes. For now at least the free market is winning.
 
2018-01-21 06:06:45 PM  
img.fark.netView Full Size
 
2018-01-21 06:11:32 PM  
Forgive me if I do not weep overlong.
 
2018-01-21 07:07:42 PM  

Brynden Rivers: riot_kid: jjorsett: Now, easier access to cargoes in a world flooded with oil and the end of a ban on U.S. crude exports is giving buyers more of a say and forcing sellers to focus on customer needs. Competingsupply from the Americas to Europe and Africa to countries such as China and India are eating into Middle Eastern producers' market share, putting them on the defensive.

It's almost as if markets work, but we all know that can't be true.

They work when they aren't being interfered with.  You really are adorable.

Either your sarcasm meter is broken or I don't know what your point is. For the longest time OPEC countries raked in money through nationalized oil fields. Privately owned corporations wanting to do business in these countries were forced to share profits with the governments. This point seems to get blanked out by those who suggest the OPEC monopoly was somehow a consequence of capitalism, that it was a case of "capitalism eating itself" and blah blah blah. Quite clearly it was a case of governments eating capitalism. The U.S. is poised to become the world's largest oil producer, and unlike so many other countries it accomplished this without nationalization schemes. For now at least the free market is winning.


It's a bit more nuanced than that.

U.S. natural gas producers are protected from all kinds of environmental regulations and receive various tax breaks. They get all kinds of special treatment as if they were a nationalized and ultimately pay too little in taxes (Pennsylvania, for example, doesn't have a severance tax - as if anyone is going to stop fracking if they have to pay more in taxes).
 
2018-01-21 08:21:46 PM  

jjorsett: Now, easier access to cargoes in a world flooded with oil and the end of a ban on U.S. crude exports is giving buyers more of a say and forcing sellers to focus on customer needs. Competingsupply from the Americas to Europe and Africa to countries such as China and India are eating into Middle Eastern producers' market share, putting them on the defensive.

It's almost as if markets work, but we all know that can't be true.


lol

Thanks for that post.  When you want an educated discussion on markets please spend the next 5 years getting educated and then come back here with your tail between your legs.
 
2018-01-21 10:52:41 PM  

kab: TL:DR - My guess is, expect gas prices to go up.  Because fark you, pay me.


Nah, there was glut so prices went down and production goes down. Eventually this causes a shortage which causes prices to go back up, production goes back up, were eventually we're back to glut and repeat
 
2018-01-21 11:27:32 PM  
Gas prices up and a shutdown. Retail overall had recovered from pessimism.

Good thing we have the tax cut else this would be the ExLax moment. Could still be.
 
2018-01-22 05:40:11 AM  

Znuh: No hill's too steep


Try driving through Jerome, Arizona, and report back. That's the only place I ever had my car overheat.
 
2018-01-22 02:42:20 PM  

itcamefromschenectady: Znuh: No hill's too steep

Try driving through Jerome, Arizona, and report back. That's the only place I ever had my car overheat.


Wow.  Just checked that out on Google map.  That road looks fun, it's going on the list of road trip candidates.  Thanks!
 
Displayed 27 of 27 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking

On Twitter





Top Commented
Javascript is required to view headlines in widget.
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report