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219 comments on DrumBeat: November 15, 2007

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Rethin on November 16, 2007 - 1:37am Permalink | Subthread | Parent | Comments top

You wouldn't be so obnoxious if you weren't so dishonest.

Ron was 100% correct.

The data due out tomorrow in OPEC's Monthly Oil Report will tell the story. What they show tomorrow will be it. Perhaps a few more barrels in November but not very much.

And he said it would take months to get the story out

The cat is about to be let out of the bag and OPEC is in a sheer panic. They have been lying all these years about those vast, vast oil reserves. The world swallowed it, hook, line and sinker. And when the cat finally escapes that bag, in the next couple of months, all hell will break loose.

And what did OPEC offer the world? Excuses for why they no longer control the price of oil

OPEC must, they simply must, find some way to save face. And that is what this emergency meeting is all about

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PartyGuy on November 16, 2007 - 3:01am Permalink | Subthread | Parent | Comments top

Except that OPECs production was up almost 300k bpd, and this was before the quota increase which started this month. If they were pumping flat out as everyone said, where did this extra 300k bpd come from? Did they blow hot air up their butts all these years and create a ton of NG for later use? Did they store it in giant super containers to mask their decline? Which conspiracy theory shall we pick?

None of course.

The fact is, most people here called it wrong. Robert at least suggested that we be cautious. I have been saying they would do this all year. Remember when I said I would leave if they didn't deliver? Well they have, and I wont have too now. I understand your frustration with being wrong, but at least make an attempt at admitting you called the peak wrong yet again and move on. Sucks having 2 years of rhetoric go out the window in a day though, doesn't it?

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Rethin on November 16, 2007 - 3:49am Permalink | Subthread | Parent | Comments top

Except I said you are dishonest. And you are.

So how goes the emergency Ron. Has the sheer panic that you expected to grip the world sent us spiraling in to a severe depression? Did oil go up 50% today cause OPEC had nothing left to pump?

Ron claimed it would take months for the status of OPEC to be known.
" And when the cat finally escapes that bag, in the next couple of months, all hell will break loose."

And he didn't say OPEC wouldn't increase in OCT, he said the increase in Oct/Nov will be OPECS last gasp.
"The data due out tomorrow in OPEC's Monthly Oil Report will tell the story. What they show tomorrow will be it. Perhaps a few more barrels in November but not very much."

But I guess this is how you get your rocks off.

I counseled you when you first joined this board that your dishonesty effects your credibility. To little avail I'm afraid.

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