Saudis Vow to Ignore OPEC Decision to Cut Production

This sounds like good news

http://www.nytimes.com/2008/09/11/business/worldbusiness/11oil.html?_r=3&adxnnl=1&oref=slogin&ref=business&adxnnlx=1221131040-KOS/e6DE0gSZ3H0lkcDcLw&oref=slogin&oref=slogin

I like the sound of that and after I read that article I thought hmmm I wonder how long they will continue this bold idea of losing money for the sake of the world oil supply? I know I'm being negative but I say not for long!

I don't think they are losing money. They just aren't making as much. My opinion (everyone has one if you know what I mean), If gas stays at the prices they are now then alternative fuel sources will come much faster and better quality. If gas goes back down, I feel it will come about a little slower.

We messed up 20 years ago when we did not develop them on the last gas shortage.

Just my .02.

Then why is the gas at the pump still going up almost daily. I hope I live long enough to see the day we tell those camel riding, turbin wearing Arab pieces of crap to stick their oil where the sun don't shine.

The price of gas per barrel has come down every day this week and gas went back up. I can't figure it out or maybe it is just greed.

[QUOTE=mhall;339132]Then why is the gas at the pump still going up almost daily. I hope I live long enough to see the day we tell those camel riding, turbin wearing Arab pieces of crap to stick their oil where the sun don't shine.[/QUOTE]

LOL! Thats what I'm talking about!!

just wondering,and not taking up for towel heads,but if the oil is dropping per barrell then doesn't that make the wholesalers right here responsible for it?