Sept. 24 OPEC VOTE RESULTS???

Ok did they vote i dont see any mushroom clouds so i guess taht a good thing. But does anyone have any news

All I know is OPEC decided to trim oil production, which lowered U.S. stocks today.

*jumps into bomb shelter*

But did the vote take place????

I asked the same on another OPEC thread.

I don't think there could have been any vote yesterday, but watch this space.

Out of interest, why is the long-standing co-operative body of oil producing economies and its voting immediately listed under the 'War On Terrorism' Forum?

OPEC would be going on whether or not the Bush admin had sent the US into war on a sovereign nation, based on fabricated evidence.

Where would OPEC normally sit- Other World Events, surely?

Quicksilver....
I have found nothing in the current news article archives for today that deals with a 'vote' except for what was mentioned by heelstone.....:

"OPEC Cut Sparks Wall Street Sell-Off"
Link:
abcnews.go.com...

"Oil futures up 5% on OPEC move"
Link:
bigcharts.marketwatch.com...

"OPEC Agrees to a Surprise Oil Output Cut"
Link:
reuters.com...

Sorry....

regards
seekerof

WEll the lack of info is the thing that really scares me no major media outlets have even mentioned that there was even a consideration of a vote on currency. So why is it soo hush hush. Also OPEC is a muslim organization am i correct then who comprises OPEC and would would be teh actual people voting that might be a cause for it being hush hush

I'm searching the news groups and I can't find anything. Very odd. I suggest anyone with access to google groups post a couple of questions about the currency result. Actually DR probably knows right now...

Watch oil prices go up. Watch as Americans get pissed. Watch Bush lose.

No, OPEC isn't Muslim, even if it has a number of representatives from identifiable Muslim countries that are oil rich.

But a fair question, about what was discussed, and what has been made public.

Watch the dollar tank,..gold go big time, and the us depression, if they go Euro!

im also wondering about this too

i hope JT was a fake!!

Current 11 OPEC countries (for interest)

S. America - Venezuala

Africa - Nigeria, Algeria, Libya

Mid East - Saudi Arabia, Iraq, Iran, Qatar, Kuwait, United Arab Emirates

Asia - Indonesia

I honestly have no information on it right now.

After looking at a lot of the stories regarding the dollar slipping in value, and also considering the US' obvious military stance in response to this issue, I wonder if OPEC and a few other organizations (RE, Cabal, or at least one faction of it) might not be manipulating the market conditions in order to put the dollar into a tailspin.

In this case, it would create havoc at home (going from a recovery into a seriously deep dark depression), would weaken US hold on foreign markets, and would make the Euro a very attractive option worldwide. Therefore, there would be overwhelming interest in converting to the Euro, not just in the oil market but in many others...

I tend to agree with Colonel on this one. I think this is the OPEC producers getting a dig in on Bush. With the US being the #1 importer and consumer of petrolium products, OPEC hit us where it hurts most. You can already see the difference in the markets based on yesterdays "vote" by OPEC.

i hope JT was a fake!!

It didn't take time travel, or even a medium to see this happening... Many have been saying this for months...

WHo does the votin the government or the big oil companies??? And is it that easy for a bunch of countries to demolish our economy

You have to remember that the US economy is an oil driven economy. With the news of OPEC cutting production of some 900,000 barrells a day, the stock market dropped. In the last two days, it has dropped some 200 collective points based on that news alone.

So yes, it is that easy. I don't think most people realise how linked the US economy and the oil market is.

[Edited on 26-9-2003 by Dr. Know]

Actually,

This could be it.....the cutting of oil production as a predesessor to currency shift, to weaken us before they smack with the Euro.

It might be a blessing in disguise. The collapse of the economy would throw about fat chaos, perhaps, a total destruction of our current system, and forcing us to take back control of our own fate, instead of linking it with something as unstable as middle eastern oil.

Forcing us to bring out the clean tech that has been hidden for years by oil companies. And maybe, force isolationism, who knows?

Im actually, for once in my life, having hope for the US. The collapse of the economy would be the best thing that could happen to us. It would give us something we havent had in a while: a chance to take back what has been stolen: our own future. Even a less than prosperous but isolated America is better than any of the other alternatives.

Don't scare me Skadi.

Just kidding. Unfortunately, I doubt highly it would go that way. I see it as we would quickly fall into a drepression much like the on way back when (that my grandfather always talks about and says "you don't know how easy you got it kid"). After a year or so of that, and a lot of civil unrest because the govt can't pull us out of it, they declare marshal law, and we end up being placed in concentration camps by FEMA and all hell breaks loose.

Uhhhhhhhhhg. I need a tylenol.

Thats one possibility, psycho. But....

An economic collapse even they couldnt control. There depression, and then there is total system wide failure. The mob mentality is fightful, its almost impossible to control. If it was systemwide.....

How are they going to pay the soldiers and police needed to herd us up and kill us? When the money becomes worthless, the people no longer have homes opr jobs, so more SUV, no more lazy boy, and we recieve a rude awakening......

I dont know oif the govornment could control the hysteria and mass unrest that would result.

You have no idea how close the govornment came to being overthrown in the last depression. We came very close to it, and that was a short depression.

What Im atlking about is a massive collapse and total irreversable failiure of our economy.

It could be exactly what we need...