ST Alpha - "OK, so he says "I'm not selling oil to Italy anymore". He then sells to South Africa or Mali or Ghana or whereever" (Reading a Post)

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In response to "And he hasn't always played well with OPEC. " by the liioulu with lots less

OK, so he says "I'm not selling oil to Italy anymore". He then sells to South Africa or Mali or Ghana or whereever

Posted by Reagen Mar 17 '11, 17:25

and South Africa and Mali and Ghana buy less from Indonesia and Saudi Arabia, and they can sell more to India and China and the US.

Or he could produce none and have the price go up - except he needs the money, and the current price is already based on him producing none.

Responses:

And he's done some of those things in the past. - the liioulu with lots less Mar 17, 17:32 4
- describe those consequences to me and contrast them with how they would be different than the current situation of no Libyan oil? - Reagen Mar 17, 17:36 3
  - Okay, we aren't talking about the same thing. I mean when it's all over and done. - the liioulu with lots less Mar 17, 17:41 2
    - Yes, we are. - Reagen Mar 17, 17:53 1
      - I didn't say anything about S&D.... I said Supply and Price. - the liioulu with lots less Mar 17, 17:58

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OK, so he says "I'm not selling oil to Italy anymore". He then sells to South Africa or Mali or Ghana or whereever

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