Now where did I hear that before?

[Javaman]

(this is today)
OPEC Won't Alter Output Quota as Venezuela Says $100 Barrel Is Fair Price
http://www.bloomberg.com/news/2010-12-02/-fair-price-for-crude-is-100-opec-to-hold-output-steady-ramirez-says.html

The Organization of Petroleum Exporting Countries is unlikely to change its output quotas when it meets in nine days time and $100 represents a “fair” price for a barrel of oil, Venezuela’s energy minister said

--Oh yeah, that's right...

(this was in Nov. 09)

OPEC president says too early for output decision
http://www.nation.co.ke/News/africa/-/1066/686854/-/135203nz/-/index.html

>snip<

The OPEC president said $80 per barrel was a good price for oil.

"It is not high, it is a good price," he said.

---but if you were paying attention...

(Oct. 2010)

OPEC members call for oil to rise to $100 a barrel
http://www.independent.ie/business/stocks-markets/opec-members-call-for-oil-to-rise-to-100-a-barrel-2381399.html

The 13pc decline in the Dollar Index since June has led some OPEC members to call for oil to rise to $100 a barrel.

---But but but...(going what they said today)

'Opec boost likely if oil hits $100'

>snip<

US crude traded around $85 a barrel today, a little above the $70 to $80 range that Opec's largest producer Saudi Arabia has said was fair for both consumers and producers.

"Above $100... we would take a decision in this regard," Reuters quoted Sheikh Ahmad al-Abdullah al-Sabah telling reporters at Kuwait's parliament, when asked how high the producer group would allow prices to rise before acting.

Oil is within sight of an 18 month high of just over $87 a barrel reached earlier this month. Yet there has been little sign from Opec that it might increase output to cool prices.

---So what does all this mean? Well, the usual, we are being played.

At first $80 a barrel was just great but hell, $100 bucks is a lot better! And on top of that, first they say, "oh, if the price gets to $100 bucks, we will raise output", but now that the market is looking $100 bucks a barrel square in the eyes, they now say, "meh, maybe we don't need to raise the output".

We are getting played like a harp.

Are they even able to raise output at this point? They come out with the "all is well" bullshit message and try to soft soak us into thinking that the new reality of $100 bucks a barrel is just fine and that there is plenty of oil!

I see a repeat of the "drill, baby, drill!" crowd of stupids chanting yet again.

Production is not meeting demand, period. We are at plateau.

And remember, peak oil IS NOT about running out of oil, it's about not meeting demand. Don't let anyone tell you any different.