Apparently Big Oil Countries Don't Like Realistic Prices

[Ptwiggens]

http://business.timesonline.co.uk/to...cle4663676.ece

They want to cut production so the price of oil stays high. Retarded, the bubble has popped and it's finally starting to get back to the correct price for supply and demand, and they are trying to stop it.

[1997gtx]

Eh. It's free market, right?
--Adam

[JBM]

So they are allowed to do it.

[fitch303]

lets drill in alaska and convert oil shale to oil and sell it 20% lower than opec, and laugh all the way to the bank. BTW lookup oil shale, very interesting stuff.

[Ptwiggens]

Eh. It's free market, right?
--Adam

Come on, man. Don't make me say it. I don't want to get banned again for offending you.

You obviously have no idea how oil production or distribution works.

[jason1st]

"Iran" isn't an oil company.

[Dylan]

if they could charge $10/gal, they would.

[Dylan]

"Iran" isn't an oil company.

i'd rep you if i could. that just made its way into my sig.

[Ptwiggens]

"Iran" isn't an oil company.

Yes...? Who was saying they were?

[jason1st]

Did anyone even read the article?

Iran and Venezuela (no friends to the U.S.) want to cut production.

If you are going to make a thread, at least make it accurate.

[fitch303]

It's nationalized though, is it not?

[jason1st]

You pulled a switcharoo!

[jason1st]

It's nationalized though, is it not?

Yes,

but what difference does that make?

[Ptwiggens]

You pulled a switcharoo!

Actually, I didn't, you misread. Look at the Re's in all of the replies. Never changed the title.

[fitch303]

"Iran" isn't an oil company.

I just saw this, and because irans oil companies are nationalized one could argue essentially that iran IS an oil company.

[Ptwiggens]

I just saw this, and because irans oil companies are nationalized one could argue essentially that iran IS an oil company.

He does make a good point. Regardless, it doesn't really matter since I never used the word company in my post (or title).

[Dylan]

I just saw this, and because irans oil companies are nationalized one could argue essentially that iran IS an oil company.

#include <stdio.h>

int money, money_in_store;

int main()
{
do
{
printf("Enter amount of money (0 to exit): ");
scanf("%d", &money);
if (money_in_store == 0) // Should be 'if (money == 0)'
{
printf("%d money on exit\n", money_in_store);
exit(0);
}
money_in_store += money;
}
while(1);

return 0;
}

[fitch303]

#include <stdio.h>

int money, money_in_store;

int main()
{
do
{
printf("Enter amount of money (0 to exit): ");
scanf("%d", &money);
if (money_in_store == 0) // Should be 'if (money == 0)'
{
printf("%d money on exit\n", money_in_store);
exit(0);
}
money_in_store += money;
}
while(1);

return 0;
}

If you are trying to confuse me it's working....I give up.

[jason1st]

Actually, I didn't, you misread. Look at the Re's in all of the replies. Never changed the title.

K

My bad. I thought it said "Companies" not Countries.

[jason1st]

I just saw this, and because irans oil companies are nationalized one could argue essentially that iran IS an oil company.

They're not traded on the NYSE.

[fitch303]

They're not traded on the NYSE.

Write a letter to irans leadership and ask them if you can buy their first issued stock certificate. Private companies are not listed on ANY stock exchange.

[Dylan]

If you are trying to confuse me it's working....I give up.

enjoy

[1997gtx]

Come on, man. Don't make me say it. I don't want to get banned again for offending you.

You obviously have no idea how oil production or distribution works.

LoL. I was obviously kidding. No worries.

And you're correct -- I have no idea how the production and distribution works.
--Adam

[Dylan]

i'd rep you if i could. that just made its way into my sig.

awww, someone didn't like my post...

[fitch303]

enjoy

Pfff, no logic error on this end. You're the one failing to see the bigger picture if indeed you disagree with me.

[Dylan]

Pfff, no logic error on this end. You're the one failing to see the bigger picture if indeed you disagree with me.

nationalised or government controlled business doesn't mean that the country is the business. it happens in all sorts of countries.

http://en.wikipedia.org/wiki/Crown_c...ions_of_Canada

based on your logic, canada post is the only regional mail delivery entity in canada, and it's owned by the government, therefore canada is a mail delivery entity?

[jason1st]

Write a letter to irans leadership and ask them if you can buy their first issued stock certificate. Private companies are not listed on ANY stock exchange.

Then they aren't "companies".

[fitch303]

Then they aren't "companies".

company

noun
1. an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage"
2. small military unit; usually two or three platoons
3. the state of being with someone; "he missed their company"; "he enjoyed the society of his friends"
4. organization of performers and associated personnel (especially theatrical); "the traveling company all stayed at the same hotel"
5. a social or business visitor; "the room was a mess because he hadn't expected company" [syn: caller]
6. a social gathering of guests or companions; "the house was filled with company when I arrived"
7. a band of people associated temporarily in some activity; "they organized a party to search for food"; "the company of cooks walked into the kitchen" [syn: party]
8. crew of a ship including the officers; the whole force or personnel of a ship [syn: ship's company]
9. a unit of firefighters including their equipment; "a hook-and-ladder company"

Do you have a 12 year old son who hijacked the keyboard? am I really talking to an adult over there? If i'm understanding this correctly you are saying that if a business entity is not listed on a stock exchange it can't be considered a company?

[fitch303]

nationalised or government controlled business doesn't mean that the country is the business. it happens in all sorts of countries.

http://en.wikipedia.org/wiki/Crown_c...ions_of_Canada

based on your logic, canada post is the only regional mail delivery entity in canada, and it's owned by the government, therefore canada is a mail delivery entity?

Well the Canadian gov owns a mail delivery service apparently. If I said the Canadian gov is in the business of but not limited to delivering mail would I be lying?

[jason1st]

company

noun
1. an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage"
2. small military unit; usually two or three platoons
3. the state of being with someone; "he missed their company"; "he enjoyed the society of his friends"
4. organization of performers and associated personnel (especially theatrical); "the traveling company all stayed at the same hotel"
5. a social or business visitor; "the room was a mess because he hadn't expected company" [syn: caller]
6. a social gathering of guests or companions; "the house was filled with company when I arrived"
7. a band of people associated temporarily in some activity; "they organized a party to search for food"; "the company of cooks walked into the kitchen" [syn: party]
8. crew of a ship including the officers; the whole force or personnel of a ship [syn: ship's company]
9. a unit of firefighters including their equipment; "a hook-and-ladder company"

Do you have a 12 year old son who hijacked the keyboard? am I really talking to an adult over there? If i'm understanding this correctly you are saying that if a business entity is not listed on a stock exchange it can't be considered a company?

You gotta be kidding me?

That's you definition of a "Company" and you're calling me an idiot.

How does one "invest" in Iran?

[fitch303]

then dictionary.com is an idiot. Please do tell me what your definition is!

AGAIN

If i'm understanding this correctly you are saying that if a business entity is not listed on a stock exchange it can't be considered a company?

[jason1st]

then dictionary.com is an idiot. Please do tell me what your definition is!

AGAIN

If i'm understanding this correctly you are saying that if a business entity is not listed on a stock exchange it can't be considered a company?

I live in America.

Oil Companies in this country are "Publicly Traded" on a stock exchange.

By your definition of "Company" the U.S. Government could be considered one because it collects tax dollars.

I don't know why you are arguing about this. I think everyone here would agree that Iran and/or it's Government run oil refineries is not a "Company".

Nor is OPEC.

[fitch303]

I live in America. Aren't you special

Oil Companies in this country are "Publicly Traded" on a stock exchange. No, PUBLIC oil companies are PUBLICLY TRADED

By your definition of "Company" the U.S. Government could be considered one because it collects tax dollars. The US gov sells nothing so no, infact it would not be considered a company

I don't know why you are arguing about this. I think everyone here would agree that Iran and/or it's Government run oil refineries is not a "Company".

Nor is OPEC.

I'm sorry that your are stubborn.

National Iranian Oil Company
National Iranian Oil Company rated 3rd among world's top oil companies
London, Dec 30, IRNA - The National Iranian Oil Company (NIOC) have moved up from fourth to third in the latest annual league table of the world's top 50 oil companies published by Petroleum Intelligence Weekly (PIW).

According to the London-based newsletter, NIOC overtook Petroleos de Venezuela in its rankings based on six operational criteria covering 2003 - oil and gas reserves, oil and gas output, refining capacity and product sales.

http://www.nioc.ir/index.html

The National Iranian Oil Company (NIOC), under the direction of the Ministry of Petroleum of Iran, is an oil and natural gas producer and distributor headquartered in Tehran. It was established in 1948.

[Dylan]

I'm sorry that your are stubborn.

National Iranian Oil Company
National Iranian Oil Company rated 3rd among world's top oil companies
London, Dec 30, IRNA - The National Iranian Oil Company (NIOC) have moved up from fourth to third in the latest annual league table of the world's top 50 oil companies published by Petroleum Intelligence Weekly (PIW).

According to the London-based newsletter, NIOC overtook Petroleos de Venezuela in its rankings based on six operational criteria covering 2003 - oil and gas reserves, oil and gas output, refining capacity and product sales.

http://www.nioc.ir/index.html

right, the National Iranian Oil Company is a company.

Iran is not.

give it up.

[Dylan]

http://dictionary.reference.com/browse/iran

please, show me where it says Iran is an oil company.

[Ptwiggens]

Come on, he is simply saying that Iran is by proxy an oil company.

[fitch303]

God your a moron, clearly a product of fine Canadian education. I laid the dots, even fucking outlined it and you still couldn't connect them.

[jason1st]

God your a moron, clearly a product of fine Canadian education. I laid the dots, even fucking outlined it and you still couldn't connect them.

Bro, you need some counseling. How can you be this upset?

[1997gtx]

Wow.

[fitch303]

Bro, you need some counseling. How can you be this upset?

I worked overnight 10pm-6am and ever since yesterday morning I have not been able to sleep....somewhat irritable. On top of that i'm in the middle of buying a b5s4 and it's stressful when audi dealerships wont even tell me what services have been done to the car because im not yet the owner. I don't hold grudges though