11–20 of 31 posts
They are a rogue nation that should not be part of the OPEC nor the UN.
They are funding ISIS with billions.
This is a futile attempt to bankrupt Saudis after their amazing breakout from Islamist Ideologies.
I can not imagine what will happen in the gulf region if global demand for oil starts going down.
I can not imagine what will happen in the gulf region if global demand for oil starts going down.
Does this say more about Qatar or Opec?
My completely uninformed guess would be that smaller producers are better off outside the cartel. They can then set them selves up to be counter cyclical. Pumping when others aren't and visa versa. Without moving the supply needle very much, and so getting better prices. I guess they don't have much influence in Opec, and Opec aren't worried because they aren't a big producer.
So could someone flesh this out a bit more? Does this say more about Qatar or Opec? My completely uninformed guess would be that smaller producers are better off outside the cartel. They can then set them selves up to be counter cyclical. Pumping when others aren't and visa versa. Without moving the supply needle very much, and so getting better prices. I guess they don't have much influence in Opec, and Opec aren't…
Also, while Qatar is a huge natural gas producer, their oil production is by Gulf standards small and this is unlikely to sway the global price much. It is, however, yet another step in OPEC's slow slide to irrelevance, since Russia and now, thanks to fracking, the US produce huge quantities of oil outside the cartel.
So could someone flesh this out a bit more? Does this say more about Qatar or Opec? My completely uninformed guess would be that smaller producers are better off outside the cartel. They can then set them selves up to be counter cyclical. Pumping when others aren't and visa versa. Without moving the supply needle very much, and so getting better prices. I guess they don't have much influence in Opec, and Opec aren't…
It's mostly about Qatar, which recently had a very public falling out with Saudi Arabia and is currently being blockaded by most of its neighbours, who also compose the bulk of OPEC: https://en.wikipedia.org/wiki/2017%E2%80%9318_Qatar_diplomat... Also, while Qatar is a huge natural gas producer, their oil production is by Gulf standards small and this is unlikely to sway the global price much. It is, however, yet ano…
Isn't Russia quite closely aligned with Opec though.
I can not imagine what will happen in the gulf region if global demand for oil starts going down.
i imagine war,chaos and a re-ordering of nation boundaries is going to be the inevitable result of the decline of oil.
I can not imagine what will happen in the gulf region if global demand for oil starts going down.