We told you now for two years OPEC is dead.
Opec is a giant whale inside a huge dry sand lake at 120 degrees this summer in the Gulf Dunes, with no water left, moving only slightly now, in last gasps.
Economically Opec nations borrowed and scheduled building developments for their nations and jobs, based upon 120 dollar a barrel oil. OPEC manipulated this enormous tax upon all peoples of the world as OIL is the cost of everything. No Congress investigated monopoly or price fixing or price gouging no one did anytime because the related industry partners made so much money.
All the while the world is drowning in oil.
Oil is not scarce. That is a PR promotion like Debeers for Diamonds. Oil is plentiful and most of it is under the seas and yet to be discovered in unlimited quality.
Oil is replenishable. The WORLD FARTS oil and gas.
We discover more oil, than we require each and every five years.
Old wells are full as the earth is making new oil.
OIL is plentiful and should be cheap.
GREEDY MONOPOLIES get control of supply and fix prices to harm nations and the development of good lives for billions. It is not right and the economic system that allows such consolidation is a broken system. We can fix our economic global system ( itself insane ) and we must for the unborn generations to follow us.
OPEC is market force dead today.
We told you the JAW BONE effort to manipulate oil prices up to levels OPEC seeks to INFLUENCE AND CONTROL which should be a market price fixing that is A CRIMINAL FELONY in all nations of the world, baring the price fixers from any world trade access, or without tariff’s, is sane – and all such JAW BONE last gasp efforts would fail.
WE TOLD YOU that OPEC is paying billions upon billions in lost sales lower output paying this untold billions in cost yearly to force their own customers to move that market share in the MARKET SHARE WARS Opec is only slowly beginning to understand – is the economics – as OPEC has lost and is losing ever more MARKET SHARE forever.
The experts all conclude now that:
THE FALLING COST OR PRODUCING OIL WILL FORCE YEARS AND YEARS OF SOARING AMERICAN OUT PUT AND PRODUCTION ALONG WITH OTHER NON OPEC PRODUCING NATIONS VASTLY MORE THAN OFF SETTING OPEC CUT BACKS – KEEPING MARKET PRICES DOWN – AND ASSURING OPEC MARGINALIZATION FROM THIS POINT FORWARD IN HISTORY AND FOREVER IN TIME.
OPEC is as we first reported and so accurately irrelevant.
SO OPEC announces their rag tag group of producers with PR they are acting like SANTA CLAUSE to stabilize prices – will NOW as a cartel insane monopoly working against lower cost energy supply for the entire world, seek to artificially raise prices by cutting their own output. Output already off set by just America itself.
So it is insane economics. It does nothing but LOOSE MARKET SHARE FOR OPEC MEMBERS LIKE RUSSIA. Odd thinking.
As they make the announcement JAW BONING PRICE UP – that this new output cut will last far longer…the market GOES DOWN.
Like ALICE IN THE RABBIT HOLE – the price is going down…DOWN….DOWNNNNNN ? Get that OPEC the world is drowning in OIL and the only item you have is market share policy which YOU are now losing your best customers who HATE YOU for the price manipulation to their nations. Good job in customer care and service in the economic spectrum. ( NOT ! ).
So now this summer the market HAS SHIFTED FOREVER.
However President Donald Trump is not amused by the insane efforts to self enrich their own game at the expense of the entire world by artificially raising market price on the COST OF EVERYTHING COMMODITY …..OIL its production packaging movement and manufacturing into over 1100 products for which there is no replacement.
So President DONALD TRUMP announced – hey if you world robber Barron bandits will hold the world hostage to price here – in your insane model…let me add to new items into the mix of world oil prices:
- First I will pass laws to make sure America produces enough oil we stop buying your oil as your largest customer once 67% of our energy from you now 27% and falling rapidly to zero – so THAT happened.
- Second – ah hmmm – I”m going to balance my own budget a bit by selling at this time as oil spikes up from your JAW BONE PRESS efforts – almost 1 TRILLION BARRELS ( not a cut back of 1 billion barrels.a day already made up by American recent production output gains ) but ONE TRILLION BARRELS ALMOST in our USA oil reserves – because we don’t need them with AMERICA producing so much at that level – I’ll sell say HALF to make sure YOU LOSE as an illegal criminal cartel. HOW does that WORK for you guys? Hey how you gonna pay for the weapons your selling us if you don’t pressure your market share?
Trump is letting the market place teach OPEC as nothing else seems to work.
Opec needs to scrap any forward agreement and secure its MARKET SHARE in the MARKET SHARE WARS and bring back customer service and massively move to A PLENTIFUL UNLIMITED COMMODITY and within market pricing make money – pamper its client market share and protect it. Anything less is going to end up costing OPEC its stability.
So lets summarize in DUMB DUMB AND DUMBER ECONOMICS:
…ah our oil demand is falling world wide…the supply is rising world wide …there is a glut and over supply we can not bring down …so lets cut back our sales and stop supplying to our very best customers like say Asia and the USA by quota’s we just set up for no reason at all ….so we can raise our oil cost to our very best customers by a lot of money so they have to pay us more billions yearly so we can remain a cartel price fixing oil world wide for our own monopoly exclusive benefit against the world social values and the market values and to work against the benefits of our own clients ….what is not to love?……. ( sane or insane economic thinking )?
The PR justifies these CRIMES AGAINST ALL HUMANITY with press that is sinful, untrue, and without any purpose but to protect the cartel for price gauging the entire world.
OPEC is DUA – DEAD UPON ARRIVAL IN 2017. DO NOT GO LONG IN OIL those that read hear and act – have been making fortunes. Those who read and just think this is all superficial – and invest as normal well your tribe – NOT SO MUCH. NOT SO MUCH at all.
Being right since the 1980’s is why so many major players share and read this blog – the track record has been very isolated in any match anywhere in the information and foresting world. If you wish to remain ahead of what is REALLY GOING ON OUT THERE – why my my – you have arrived as you subscribe make a favorite and check back to update YOURSELF and your CIRCLE.
Hey with the new glasses I’ve put on you – CAN YOU SEE THE OPEC WHALE IN THE DRY SAND PIT DYING NOW????????
Berny Dohrmann – On the economics of Oil.
PS: Oil nations need to have our team on retainer – but hey – we sent them proposal’s and their failure to act has cost them a billion dollars for the dollar they would have retained us for. We just sit and wait to help a community we actually love and have worked in for 50 years – to wake up to the economics. The problem is they graduated from Ivy League Universities and Franky their theory models are failed and the rapidly evolving new model’s of SUPER CHANGE they have no clue about. NEW ECONOMICS – hey we wrote the book on it – REDEMPTION THE COOPERATION REVOLUTION at Amazon for awake readers.— May 31, 2017