Will Pump Price Dip Below A Loonie ?

[chuckChuck]

Yup so you are okay when the oil cartel manipulates the markets and makes record profits off on consumers?

That's interesting thought coming from free traders! LOL

OPEC it is the biggest industry cartel and manipulation on a global scale.

[shtferbrains]

OPEC doesn't control the price of oil anymore.
They admitted as much last may.

You need some new news sources Chuck.

CBC is just a stagnating government run DEI failure.

[Hamloc]

Yup so you are okay when the oil cartel manipulates the markets and makes record profits off on consumers?

That's interesting thought coming from free traders! LOL

OPEC it is the biggest industry cartel and manipulation on a global scale.

”Biggest industry cartel and manipulation on a global scale.”
Latest OPEC production is just under 30 million barrels per day. Daily world consumption of oil is roughly 100 million barrels. So OPEC controls 30% of the market which Chuck2 you find the most offensive. Now you constantly talk of record investment in renewables, wind and solar. And the need to electrify everything. Well China produces 80% of the worlds solar panels and owns and controls 70% of the worlds critical minerals. Looks to me like China has much more control than OPEC.

[AlbertaFarmer5]

Shouldn't a pro solar, anti fossil fuel troll such as ours, be cheering for OPEC to create higher oil prices?

What better way to make uncompetitive wind and solar competitive than to artificially force up the price of the much cheaper alternative?

[Grain Farmer]

1.19, now 1.35.
didn't last long.

[chuckChuck]

You guys are wrong again! LOL

[url]https://www.eia.gov/finance/markets/crudeoil/supply-opec.php[/url]

What drives crude oil prices: Supply OPEC

Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) ([url]https://www.eia.gov/tools/glossary/index.php?id=O#opec[/url]) is an important factor that affects oil prices. OPEC seeks to actively manage oil production among its member countries by setting production targets – limits on how much oil each country can produce. Historically, oil prices tend to increase when OPEC reduces these production targets.

OPEC countries collectively produce about 35% of the world's crude oil, and OPEC's oil exports account for around 50% of all the oil traded internationally, according to Vortexa Analytics. This dominant market share gives OPEC considerable leverage, allowing its actions to significantly influence global oil prices. For instance, any signals of changes in crude oil production from Saudi Arabia, OPEC's largest crude producer and the world's largest crude exporter, often send ripples through the market.

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[Hamloc]

You guys are wrong again! LOL

[url]https://www.eia.gov/finance/markets/crudeoil/supply-opec.php[/url]

What drives crude oil prices: Supply OPEC

Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) ([url]https://www.eia.gov/tools/glossary/index.php?id=O#opec[/url]) is an important factor that affects oil prices. OPEC seeks to actively manage oil production among its member countries by setting production targets – limits on how much oil each country can produce. Historically, oil prices tend to increase when OPEC reduces these production targets.

OPEC countries collectively produce about 35% of the world's crude oil, and OPEC's oil exports account for around 50% of all the oil traded internationally, according to Vortexa Analytics. This dominant market share gives OPEC considerable leverage, allowing its actions to significantly influence global oil prices. For instance, any signals of changes in crude oil production from Saudi Arabia, OPEC's largest crude producer and the world's largest crude exporter, often send ripples through the market.

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Chuck2 you paste article after article on how more money is now being invested in renewables than in fossil fuels doesn’t that make China’s almost monopoly in the supply of solar panels and critical minerals far more problematic?! As well as AB5 pointed out if OPEC increases(at present they are decreasing) the price of oil isn’t that beneficial to renewable proponents?

[chuckChuck]

But Hamloc you still think OPEC has no impact on supply and prices? LOL

[shtferbrains]

Influence or control, Chuck?

[Hamloc]

But Hamloc you still think OPEC has no impact on supply and prices? LOL

If you could read in the above post I said “(at present they are decreasing)”which acknowledges OPEC impacts prices. OPEC+ has been raising production quotas in 2025 which has lowered oil prices. Chuck2, you on the other hand have had no response to the fact that China has far greater control of the cost of renewables due to there almost monopolistic ownership of the building blocks of that space!