# Saudi Arabia flips the bird at OPEC?!?!
**URL:** https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721
**Category:** NYSpeed Off Topic
**Created:** [September 11, 2008, 7:42am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721 "2008-09-11T07:42:58Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [September 11, 2008, 7:42am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/1 "2008-09-11T07:42:58Z")
[http://www.247wallst.com/2008/09/the-death-of-op.html#more](http://www.247wallst.com/2008/09/the-death-of-op.html#more)
Why isn’t this getting more press coverage?
> **[Saudis Vow to Ignore OPEC Decision to Cut Production](https://www.nytimes.com/2008/09/11/business/worldbusiness/11oil.html?_r=1&oref=slogin)**
>
> Saudi officials assured world markets that they would continue to pump as much oil as needed.
[http://www.marketwatch.com/news/story/oil-drops-amid-report-saudis/story.aspx?guid={3796648B-E03C-43B0-B112-F4EAB00A2FDF}](http://www.marketwatch.com/news/story/oil-drops-amid-report-saudis/story.aspx?guid=%7B3796648B-E03C-43B0-B112-F4EAB00A2FDF%7D)
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### Author:  [@EvilJay](https://forums.speedlife.net/u/EvilJay)
#### Post date: [September 11, 2008, 7:45am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/2 "2008-09-11T07:45:15Z")
:bigclap:
Nice catch. This is going to be interesting…I hope.
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### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [September 11, 2008, 7:47am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/3 "2008-09-11T07:47:20Z")
holy awesome. How did we not hear that. They have enough capacity to pick up the slack if OPEC cuts production, so there’s no way they’ll actually do it now, and let the Saudis take the extra profits.
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### Author:  [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [September 11, 2008, 7:51am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/4 "2008-09-11T07:51:03Z")
From the first article I linked. 🙂
> Saudi Arabia walked out on OPEC yesterday. It said it would not honor the cartel’s production cut. It was tired of rants from Hugo Chavez of Venezuela and the well-dressed oil minister from Iran.
> As the world’s largest crude exporter, the kingdom in the desert took its ball and went home.
Screw you guys, I’m going home. /Cartman
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### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [September 11, 2008, 7:52am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/5 "2008-09-11T07:52:41Z")
101.04 and falling 🙂
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### Author:  [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [September 11, 2008, 7:55am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/6 "2008-09-11T07:55:01Z")
> [@Joe](#):
>
> 101.04 and falling 🙂
Keep that in the oil prices thread or this will get merged. I created this separate because it’s a pretty big news story that CNN I guess just doesn’t want to cover.
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### Author:  [@boxxa](https://forums.speedlife.net/u/boxxa)
#### Post date: [September 11, 2008, 7:56am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/7 "2008-09-11T07:56:02Z")
Wow. You mean that we didn’t go to war with them and they are actually supporting the world?
Amazing. I am waiting for Bush’s response to this about how he had something to do with it.
Glad I am holding off on my oil futures purchases. Lol
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### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [September 11, 2008, 7:56am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/8 "2008-09-11T07:56:35Z")
the major news networks have bigger things to worry about. Like 82 stories involving the phrase “lipstick on a pig” and its possible connotations. :picard:
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### Author:  [@Geehee](https://forums.speedlife.net/u/Geehee)
#### Post date: [September 11, 2008, 7:57am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/9 "2008-09-11T07:57:44Z")
holy hell. amazing.
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### Author:  [@Bacon](https://forums.speedlife.net/u/Bacon)
#### Post date: [September 11, 2008, 8:00am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/10 "2008-09-11T08:00:53Z")
Wow, this is pretty huge.
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### Author:  [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [September 11, 2008, 8:03am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/11 "2008-09-11T08:03:43Z")
> [@Joe](#):
>
> the major news networks have bigger things to worry about. Like 82 stories involving the phrase “lipstick on a pig” and its possible connotations.
^ And the fact that the chick who won that beauty contest Palin took 2nd is supporting Obama. Really? That’s news?
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### Author:  [@Penfold](https://forums.speedlife.net/u/Penfold)
#### Post date: [September 11, 2008, 8:36am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/12 "2008-09-11T08:36:43Z")
:tup:
If gas falls below $3 again I am buying a wrangler.
I was the last one to think oil would fall back below $100/barrel.
I was wrong.
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### Author:  [@j\_espo1](https://forums.speedlife.net/u/j_espo1)
#### Post date: [September 11, 2008, 8:52am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/13 "2008-09-11T08:52:34Z")
> [@Penfold](#):
>
> :tup:
>
> If gas falls below $3 again I am buying a wrangler.
i dont see that happening for a long time.
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### Author:  [@EvilJay](https://forums.speedlife.net/u/EvilJay)
#### Post date: [September 11, 2008, 9:06am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/14 "2008-09-11T09:06:58Z")
INB4SOMEOILPRODUCINGCOUNTRYTAKESOVERSAUDI
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### Author:  [@boxxa](https://forums.speedlife.net/u/boxxa)
#### Post date: [September 11, 2008, 9:15am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/15 "2008-09-11T09:15:14Z")
> [@j\_espo1](#):
>
> i dont see that happening for a long time.
:tup:
Demand dropped becuase the world is becoming more energy conscious among other things. As soon as gas gets to $3, the thinking of OMG back to big cars and SUVs will come back. People will start going back on road trips and travel more and demand will shoot up and bring it back up to over $100 a barrel. I think where it is now is the happy medium of what we can see for some time until some ground breaking technology comes out and drops the demand for gas and oil.
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### Author:  [@Firehawk853](https://forums.speedlife.net/u/Firehawk853)
#### Post date: [September 11, 2008, 9:48am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/16 "2008-09-11T09:48:46Z")
> [@JayS](#):
>
> ^ And the fact that the chick who won that beauty contest Palin took 2nd is supporting Obama. Really? That’s news?
:barf: :barf:
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### Author:  [@Harvey](https://forums.speedlife.net/u/Harvey)
#### Post date: [September 11, 2008, 10:17am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/17 "2008-09-11T10:17:01Z")
Great find Jay, thanks!
> [@boxxa](#):
>
> :tup:
>
> Demand dropped becuase the world is becoming more energy conscious among other things. As soon as gas gets to $3, the thinking of OMG back to big cars and SUVs will come back. People will start going back on road trips and travel more and demand will shoot up and bring it back up to over $100 a barrel. I think where it is now is the happy medium of what we can see for some time until some ground breaking technology comes out and drops the demand for gas and oil.
$2 - $2.50 is a good compromise.
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### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [September 11, 2008, 10:25am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/18 "2008-09-11T10:25:04Z")
You know what this means don’t you?! :awdrifter:
:uhh:
:lol: They figured out that they passed peak oil and are hoping nobody calls their bluff. “No no, come back to OPEC. We won’t cut production. You’re still the boss.”
:tinfoilhat:
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### Author:  [@BooSting](https://forums.speedlife.net/u/BooSting)
#### Post date: [September 11, 2008, 10:28am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/19 "2008-09-11T10:28:09Z")
> [@EvilJay](#):
>
> INB4SOMEOILPRODUCINGCOUNTRYTAKESOVERSAUDI
we may not have alot of military available but I’m pretty sure that every last member of the US armed forces would be on the kingdom grounds withing 48 hours.
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### Author:  [@JCuz](https://forums.speedlife.net/u/JCuz)
#### Post date: [September 11, 2008, 10:52am UTC](https://forums.speedlife.net/t/saudi-arabia-flips-the-bird-at-opec/54721/20 "2008-09-11T10:52:04Z")
good article A+
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