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<blockquote data-quote="The Other Side" data-source="post: 945707" data-attributes="member: 17969"><p>What dont you understand? Saudi Arabia and the OPEC nations have CUT BACK PRODUCTION to around 71% since OBAMA has taken office in order to get prices up on the world market. When BUSH was in office, OPEC and Saudi Arabia said they were producing at 99.9% and couldnt pump anymore into the world markets. Now its operating at a 28% REDUCTION in output and Shumer wants them to raise production, but that will drive the price down per barrel.</p><p></p><p>We cant continue to be held hostage by the producers and refiners of oil in this country. If this keeps up, I believe the goverment should nationalize the oil industry in the USA.</p><p></p><p>Peace.</p><p></p><p>TOS</p></blockquote><p></p>
[QUOTE="The Other Side, post: 945707, member: 17969"] What dont you understand? Saudi Arabia and the OPEC nations have CUT BACK PRODUCTION to around 71% since OBAMA has taken office in order to get prices up on the world market. When BUSH was in office, OPEC and Saudi Arabia said they were producing at 99.9% and couldnt pump anymore into the world markets. Now its operating at a 28% REDUCTION in output and Shumer wants them to raise production, but that will drive the price down per barrel. We cant continue to be held hostage by the producers and refiners of oil in this country. If this keeps up, I believe the goverment should nationalize the oil industry in the USA. Peace. TOS [/QUOTE]
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