OPEC SEE DUMB AND DUMBER THE MOVIE

MARKET SHARE – ITS ABOUT MARKET SHARE:

 

Opec has lost twenty years of market share. Their % of market is shrinking. They are so broke from 120 a barrel plunging 65% they can’t fund their nations from Russia to Saudi Arabia.

To get oil up they cut back on their sales to their customers. Economically this is the movie DUMB & DUMBER. So now they tell the market as oil is crashing – we will extend our DUMB plan and we will cut back even MORE.

This has two outcomes:

  1. The price goes up a second or two then the oil output from NON OPEC producers rises and takes lowers the price again. For sure.
  2. The customers of OPEC get mad and get even. As buyers loyal to OPEC for years they leave OPEC and take supplies from the new supplier – forever moving market share away from OPEC.

OPEC lost in decades of a long long time ago like a fairy tale in economics – end up where they thinking wrongly – we can make more selling less at higher prices. If this works its great. If it fails which is IS and HAS – they sell less and less at ever LOWER PRICES as OPEC has lost influence and control as we have pointed out in this blog. The world is now in:

* FULL BLOWN TRADE WARS

* IT is NOW every nation for itself

*The nations support currency manipulations – export price – and market share

 

OPEC is loosing market share and paying to do so.

We’ll see how this all works out. I would not bet LONG in oil folks. Those reading my blog have made and will make in our opinion FORTUNES on this opinion.

BERNY DOHRMANN – KEEPING THE TRUTH ON HIGH

— May 17, 2017

One thought on “OPEC SEE DUMB AND DUMBER THE MOVIE

  1. I really like your writing style, superb information, regards for posting :D. “Much unhappiness has come into the world because of bewilderment and things left unsaid.” by Feodor Mikhailovich Dostoyevsky.

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