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originally posted by: stumason
originally posted by: peck420
a reply to: roth1
If the target is Russia, why is OPEC's official target point above Russia's break point?
Russia's break even point is $105 dollars a barrel, so not sure what you're on about there.
But, in a nutshell, this is just oversupply in a market owing to a glut of production from non-OPEC countries, specifically the US, coupled with low demand from a slowing Chinese economy. OPEC is right, the market will stabilise but I think the period of high oil prices benefiting countries like Russia and Iran is over.
Decent article on the Oil price situation from The Guardian.
originally posted by: VforVendettea
a reply to: CrikeyMagnet
IMO- the fuel manufacturers want to keep people from alternate fuel cars.
originally posted by: Terminal1
Why isn't kerosene or diesel falling at same rates?
Why are shipping costs remaining virtually the same driving down the costs of goods that require shipping and/or freight?
A lot of what is going on doesn't make sense.