XPost: mtl.general, edm.general, can.politics   
   XPost: ab.politics, ont.politics   
   From: none@present.com   
      
   "Alan Baker"  wrote in message news:m3bgmv$kta$1@news.datemas.de...   
      
   > On 2014-11-04 21:27:37 +0000, (ಠ_ಠ) said:   
   >   
   > > Seems Saudi Arabia is opening up its oil taps to compete with countries   
   > > which have been stock-piling oil supplies.  Among those countries would   
   > > be Canada and the United States.   
      
   Wrong.  They're driving prices lower because the don't want competition from   
   shale and the oil sands ... the Saudi's can produce oil for about $30 a   
   barrel ... oil from the North Dakota shale boom costs around $75 a barrel   
   ... low prices will reduce development, allowing them greater profits later.   
      
   > > Lower, competing prices for oil at the source should mean lower prices   
   > > for consumers.   
      
   Which will do what to oil consumption and CO2 emissions?   
      
   > It could also mean the reduction of oil from the tarsands . . .  which   
   > would mean less CO2 emissions and less contribution to global warming.   
      
   Absolutely dead wrong.  Again.  Lower prices will increase consumption,   
   which will mean more CO2 emissions, and increased global warming.   
      
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