Parent Blog Response

Thomas this a very informative blog. I was unaware of how much OPEC controls the oil dependent countries. What laws govern OPEC? Who are the major influences in the organization. Does the U.N. have any control over them? These facts would be intersting to know if you come across any articles in your research.It would be interesting to see some supporting trivia or pictures along side of the article. This information could be retrieved from another site or same site.
I appreciated the facts that used you introduced in recent articles as well as the vintage news cast from our reputable Tom Brocaw. This collided the past with the present and made me consider how great OPEC's influence had back 37 years ago and how it has only increased with our dependency on oil. It sickens me to think we have not made much progress with becoming independent in this country.I can see how they can be compared with the mexican drug cartel with their influence on thier people and politics.
Regarding blog #5 it seems we were persuaded to invade Iran under the pretense we were helping the people out of the control of Saddam. It seems George Bush maybe had another agenda under to move in have some control or alliance with this oil producing country. Other countries must see us americans as sneaky and greedy for this action.
Your blogs on this subject has been very intriguing and has left me with many questions.I would include pictures or graphs if they are related to the article and I would I would include the source next to the the title of the blog. I look forward to reading more of them.

Response to Blog post #10

This is a video of OPEC meeting and agreeing to cut oil exportation to the United States. This was reported by John Chancellor on the evening of October 17, 1973.

Blog Post #10

As of recent OPEC has deemed the worlds oil supply "worrying." A chief oil executive at OPEC, Mr. El-Badri stated, "We need a price where we can invest in new capacity, new supply and also cater for the wealth of our people. Anything below $70 will not permit us to invest." With OPEC supplying 40% of the worlds oil supply a fault in production will very easily throw much of the world into economic crisis.

Response to Blog post 9

The information used to produce blog post 9 is very redundant to blog post 8's information. This is mainly because both were written within the same week. However, the same story was used. But from different sources so the viewpoints have been altered. I would guess that since these reports differed very little that they're not biased. Either that or their both agreeing on biased terms.

Blog Post 9

Once again the same chief oil executive from OPEC has released another statement, Mr El-Badri said: "We need a price where we can invest in new capacity, new supply and also cater for the wealth of our people. Anything below $70 will not permit us to invest." While OPEC has the ability to fluctuate prices to their liking, they also know that if prices are risen to high then buyers will look for alternate resources. Oil production will remain at the current production level. Meaning that prices will stay the same. However, when the current oil wells in the major oil producing countries diminish, then many problems will occur. There has been deep, deep wells of oil discovered underneath the surface of the ocean. These wells usually are a couple thousand feet underwater though. Making extraction very difficult. Which makes oil prices for the consumers jump.

Response to Blog Post 8

The information that I used to write the 8th blog post was very strong. There was several supporting quotes. As well as strong structural information. It really helped that a chief executive at OPEC was able to make a statement. I was able to build off of this quote and create a stronger blog post.

Blog Post 8

If things stay as they are with the price at this level, I think ministers will be reluctant to do anything," OPEC's Abdullah al-Badri told a group of reporters at a briefing at Chatham House. Unlike many people have predicted OPEC will not alter production in March. Although OPEC operates as a corporation, meaning that it has a corporate agenda that is not revealed to the public. Corporations such as OPEC like to share a small piece of their goal with the public. While hiding the rest of the agenda from the public.
Badri, a chief executive at OPEC released a statement to the media, "I believe that our countries within OPEC will agree that $75-85 a barrel is acceptable and will meet the needs of their quota." While this range may be acceptable at the moment, there is sure to be problems, like there always is. We will have to sit and observe until we completely understand OPEC's corporate agenda.

Response to Blog Post 7

Blog post 7 was easy to develop as most of my posts are. I know the information well and there is a constant flow of new media and reports being written everyday on my topic. But it is very hard to find a clean resource. Basically, a non-biased one.

Blog Post 7

"From $70-$85/90, I think this range is really acceptable at this time," he said. "I don't think any price below $70 will permit any investment." Said a chief executive from OPEC. With greener technologies being worked on daily OPEC has a new threat to maintain. It shouldn't be hard considering how much control OPEC has over many countries and government officials. With a new bill passed by congress, stating that candidates for presidency or other government posts can be funded by corporations then we will likely see a problem with biased corporate agenda.