dude, russia alone won’t be enough… if russia managed to pump twice the amount of oil as it did right now, so the oil price will probably drop by 5-10%…but if OPEC wants to sustain the previous b4 the price drop, they will cut production…. Russia can’t do a thing about…cuz russia doesn’t provide over 50% of the world oil………………………. OPEC does….

“OPEC does not have complete control over the price of oil.
During desert storm The Russians offered to increase production for America to counter any reduction by OPEC to increase the cost of oil. Equally countries like Indonesia and Venesuala are not members of OPEC, or is the UK with its north sea reserves or the US with the oil in Alaska.
OPEC is reasonably powerful… but certainly not all powerful… in the 60s or 70s OPEC tried to increase the cost of oil by greatly reducing pumping rates… the fuel crises being reduced in effect on the US by Iraq violating OPEC limits to sell oil to the US.
Countries like the Iraqis at the moment and Russia as well that need a steady income will not reduce pump rates when OPEC drops production… when OPEC drops production the price goes up and Russia and Iraq and any other producer makes more money per barrel than they normally make… it is not in their interests to reduce production at such times… of course to greatly increase their production rates would be to reduce the price of oil and would be counter productive for them too… they will try to achieve a balance.”

first of all indonesia and venezuela are OPEC member…
russia/uk/us alone certainly will not be enough to reduce the oil price if OPEC decided to raise the price….
if they can pump alot of oil per day to sustain themselves, they won’t be importing oil from OPEC member countries….
as for the rest of the world (non-OPEC), most of them are oil importer not exporter.

monster:

as i said b4, the marines that came in from the east of baghdad expected a bloody fight and their mission is to neutralize the special repulican guard and saddam’s diehard. but when they got there, those guys already ran away…this sudden victory left baghdad into a lawless city… at the time they can only protect the mostly likely target to be looted. certainly no one even thought hospitals and culturals place would be top of the list for looter.

i also blame the US war planners for failing to predict all possible senarios when they enter baghdad. they certainly failed to predict
baghdad would fall this easy….

monster: i kno the money from the oil will be used to rebuild iraq but it’s still not enough….

yes it is a bad mistake for the pentagon for failing to protect all the civilian and cultural sites… but it’s not fully their fault…

1. they expect a bloody battle in baghdad, no one expect it to fall so easy like it did… i kno they managed to protect the oil infrastructions, but those are in unpopulated area and seized in beginning of the war…

2. after all it’s the iraqi people who looted the places, who would actually think they gonna loote the hopitals and musium? i mean it’s ok to loote the presidential palaces and govt buildings but hospital? i duno wut those people in baghdad are thinking….

wut i’m saying is that even with the money make yearly from oil is only half the amount needed for reconstruction.

secondly even if in 5 years the US manage to pump alot more oil than OPEC permitted, OPEC will cut production in other countries…
OPEC basically set the oil price in this world… if it’s too low they will cut production and too high they increase production…that’s y they increase production to ease the high oil prices.

one more point, it’s proven that the world has 1 trillion barrels of oil reserve. 225 billion barrel is in saudi arabia and 112 billion barrels in iraq…

on average, each day the world consume 77 millon barrels of oil.
so in 1 year, we consume 28.105 billion barrels. if we keep consume the same amount every year, this only last us 36 more years.

1000 / 28.105 = 35.58 years

so oil is not an energy source for the future, that y every developed country is rushing to find alternative energy source (ex. hydrogen fuel cell)

btw, i didn’t jux make up those number above, if u do some research u’ll kno it’s true….

hmmm!
so every1 here agree with me that oil is not the reason for war?