Comments on: Additional OPEC Cuts in the Works? http://www.thecornerofficeblog.com/2006/11/05/additional-opec-cuts-in-the-works/ An entrepreneurs thoughts on business, personal finance and investing. Thu, 09 Jun 2011 19:02:59 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Schasto http://www.thecornerofficeblog.com/2006/11/05/additional-opec-cuts-in-the-works/comment-page-1/#comment-1406 Schasto Sun, 12 Nov 2006 16:11:38 +0000 http://www.thecornerofficeblog.com/2006/11/05/additional-opec-cuts-in-the-works/#comment-1406 I agree, too, David. Need to keep the black gold high to drive down consumption. Isn't this the fundamental theory of supply and demand? I also agree with Grant driving down demand is what motivates OPEC to cut production. I think they want to keep the prices high out of greed. Either way we win because it forces us to continue developments of alternative energy, and I can see us being forced into pushing these developments through to the market as long as gas prices contiune to keep us away from the pump. I agree, too, David. Need to keep the black gold high to drive down consumption. Isn’t this the fundamental theory of supply and demand?

I also agree with Grant driving down demand is what motivates OPEC to cut production. I think they want to keep the prices high out of greed.

Either way we win because it forces us to continue developments of alternative energy, and I can see us being forced into pushing these developments through to the market as long as gas prices contiune to keep us away from the pump.

]]> By: David http://www.thecornerofficeblog.com/2006/11/05/additional-opec-cuts-in-the-works/comment-page-1/#comment-1277 David Mon, 06 Nov 2006 16:30:31 +0000 http://www.thecornerofficeblog.com/2006/11/05/additional-opec-cuts-in-the-works/#comment-1277 Grant- Glad you agree on the need to keep oil prices up. As I wrote last week: http://www.evolutionshift.com/blog/2006/11/02/opec/ I now support all the efforts of OPEC to limit production or raise prices. Americans now perceive dependence or foreign oil as the number one issue in the area of National Defense. This is a good thing as it adds to the economic incentives to find alternative sources of energy and to find and utilize conservation technologies. Good post. David Grant-

Glad you agree on the need to keep oil prices up. As I wrote last week:

http://www.evolutionshift.com/blog/2006/11/02/opec/

I now support all the efforts of OPEC to limit production or raise prices. Americans now perceive dependence or foreign oil as the number one issue in the area of National Defense. This is a good thing as it adds to the economic incentives to find alternative sources of energy and to find and utilize conservation technologies.

Good post.

David

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