Iran, Venezuela Vow to 'Neutralize' Oil Price Problem

Iran worries me. They are completely nuts and very evil. I am not worried about Venezuela. Maduro is a fool and his country is collapsing around him. It is only a matter of time before he buys a bullet.

You guys can't do squat about oil prices. Just bit players Venezuela is a basket case

Sounds like the blind and stupid leading the blind and stupid

If American presidents (starting with Mr. Nixon), used their "powers of persuasion" on OPEC decades ago, we would've had "supply/demand" prices ever since.

We sent a loan of 3 billion to them when Obama shut down drilling in the Gulf. That caused our drilling rigs to move to Venezuela. We lost jobs, money, oil and supported a vengeful dictatorship doing all of this. Nice job people.

I think gas and oil prices are great for the consumer. Really don't have any pity for the people who are not making their usual millions off of the consumer.

What is the "reasonable" price of oil? Certainly debatable, but also certainly not based on what Iran and Venezuela need to support their corrupt governments.

what is a "reasonable" price for oil? Depends on who you ask, but it's certainly not based on what the budgets of Iran and Venezuela require to support their corrupt governments.

So when oil was well over $100 per barrel for 2 years what did Venezuela do with that money? Obviously they squandered it. The biblical answer is to store the excess in times of plenty and use that storage in times of famine or need. If Joseph did it in Egypt then Maduro could have done it in modern day Venezuela. Ha..."leaders".

Iran and Venezuela can pound sand. Anything that hurts them helps the rest of the world.

Let us hope both of those parasitic corrupt kleptocracies suffer violent revolutions. Obama by blocking oil imports from our ally Canada, through to Keystone XL Pipeline, is doing his best to prop up both of those tyrannical regimes.

America buys most of Venezuela's crude, since it's so thick our refineries are some of the only that can consistently refine it. In hindsight, was it smart for Chavez (and Maduro for that matter) to alienate the US gov't so badly? Chavez really could have embraced Obama. Now all these countries, Russia too, that are so heavily reliant on us to keep the demand as strong as the supply, are experiencing inflation, budget shortfalls, lack of goods, etc. But the leaders have bucked the US time after time, well now they'll pay the price for not innovating new exports for their countries. So...where's Sean Penn and Kevin Spacey now? And Fidel? Some think he's dead. While so many thought America was finished, they're realizing we're just getting started! And if you think this is bad, wait till a Republican is in the White House after the next election.

What would happen to Iran and Venezuela (and Russia) if the U.S. increased its production when OPEC finally cuts theirs?

LOL, one controlled extraction economy is trying to help another controlled extraction economy...we all know how well extraction economies work out but they wish to compound the stupidity by linking each other tighter?

Perhaps, Iran can sell their head scarfs to the Venezuelans so that the Venezuelans can use them as toilet paper. Not sure how Venezuelans will pay for it since they do not even have sufficient hard currency to purchase toilet paper or laundry soap on the open market.

sand kneegrows can all just die

Yet gas prices in America should remain low because we should keep all the oil we produce. Any American company that sell oil outside America and causes the price to go up should be shot as Un-American.

Maduro should simply pass a law making oil more expensive, then put his military in control of oil and *Poof!* problem solved! That method is working well in his own country where every grocery store is brimming with choices....

</sarc>

All kidding aside, Maduro needs to die a painful death so his people can recover from the socialist dictatorship that is killing them.

There should be "stability" ...at $20 a barrel. Saudi Arabia and the US are concerned Iran, Venezuela and Russia's economic woes. Too bad, so sad.

So....Iran and Venezuela. Show us all. Cut your oil production.
Refuse to sell it at $49 a barrel. Stop the pumps.
Go ahead...
Lolololololol.

You can neutralize whatever you want....the fact is.....we don't need your freaking oil anymore. Booyaa!!

The sooner we get away from relying on other countries that hate us the better. They can drink their oil for all I care.

Two staggering drunks trying to help each other across the street

Anything that undermines the governments of Iran and Venezuela can't be all bad, so we should be thankful to Saudia Arabia for their actions.

bankrupted countries unite... toxic assets in the making HAHAHHAHAHA
garbage of Americas + garbage of Middle East = a bigger Garbage

I recommend you don't educate yourselves, work hard, and diversify your economy, but double your daily prayers and have more fatwas.

They don't even have toilet paper and they are going to do what????

Pretty darn funny hearing these countries belly-aching about using oil as a "political weapon."

Thats a shame.

Should these people not also blame the climate change cabal and their UN enablers?

Maybe Sean Penn, Danny Glover or Hussein Obama would like to comment on how well these communist economies are performing. Since all three have praised these countries, I'm sure they are very proud.

Where's Rep. Joe Kennedy now, marketing Venezuela's largess to keep America's "poor" from freezing to death this winter?

idiot

Maybe they can collaborate on a new petroleum based soft drink...
The could call it Blather Cola - poor taste & only half the prophets :)~
That'll give them something to do with all that excess oil.

Thank you jimmy carter. you gave iran to the ayatollahs because the Shah put some protestors in jail. The ayatollahs are a thousand times worse and are doing everything possible to harm the US, and western civilization while assisting our enemies, Venezuela, communist china etc.

Shouldn't have put all their socialist eggs in one basket.

Yes, Iran. You will find a reloable partner in Venezuala. LOL

We don't need your oil, Iran. We now have more than enough of our own. Thanks for playing though... little mullahs.

????????????

"This can only be a political act... Our enemies use petrol as a political lever and have certainly a role to play in the lowering of prices," he said in reference to Saudi Arabia and the United States.

Yeah, like OPEC hasn't done this before. Pot, meet kettle.

"Venezuela has the world's largest proven oil reserves but its economy -- 96 percent of the government's foreign currency comes from crude -- has been gutted by inflation and basic goods shortages."
This is typical for socialist/communist dictatorships because there is no need to produce profits or control losses when the government owns the means of production - they simply increase taxes to make up for any losses. This typically leads to higher prices and product shortages. If Venezuela and Iran's oil monopolies can't compete with free market capitalism, maybe they should consider replacing their socialist government dictatorships with ones that increase production of goods and increases individual prosperity and liberty.

Low prices are to continue due to the rise of USA petroleum. Iran, Russia and Venezuela can eat oil for breakfast lynch and dinner for all I care. I expect the Suadis to be the recipients of war if the don't raise prices. What better way to increase the cist of oil than to attack Arabia.

"Neutralize"? lol They did not complain when supply and demand raised the price of oil.

Boo,Hoo,Hoo... I'm certainly crying all these crocodile tears for OPEC. It's about time they get some of their own medicine back, handed to them on a silver platter. This is what happens when you try to screw over the public. It comes back to you in spades...

Venezuela and Iran are paying the price for constantly calling on Saudi Arabia to decrease their production and market share in order to keep prices high while both these countries over produce and will and never have to accept a loss. It was only a matter of time until the Saudis got tired of taking loss after loss while other members of OPEC come out on the plus side of the ledger every year. Venezuela and Iran are also suffering because they've wasted their oil revenues on military build ups and maintaining political power instead of investing in diversifying their economies, so doom on them.

There is nothing they can do to bring the price of oil back up to one hundred dollars a barrel. The world is awash in oil and the demand for that oil has fallen as most of the world's economies are stagnant or showing very little growth. Nothing will stop the fracking used in the United States to produce hundreds of millions of barrels of oil every year. We have only begun to tap our enormous reserves of shale oil and natural gas. Those reserves will insure the future prosperity of the United States. With our own oil, the shale oil from Canada and the oil we import from Mexico our country will soon see no reason to import any oil from the Middle East.

"Venezuela has the world's largest proven oil reserves but its economy -- 96 percent of the government's foreign currency comes from crude -- has been gutted by inflation and basic goods shortages."

No, Venezuela's economy has been gutted by Socialist policies. Socialism always ends in poverty and misery. The inflation and shortages are symptoms, not causes.

If Iran would stop wasting money on nuclear weapons then they wouldn't be broke. Furthermore, Saudi Arabia wouldn't be fisting them. Venezuela is in such bad shape. They can't do a thing to crawl out of the mess of their own making.

There should be no problems in socialist paradise Venezuala. The American Democrats promised us that the socialists of Venezuala had the answers.

"Who said we don't have a pot to piss in?"
We just traded pots. Oil at$20 by June.

Christmas all over again.

Iran, Venezuela and Russia didn't have any problem using their highly inflated oil prices against the United States in an effort to weaken and hurt us so I see no reason to feel sorry in any way turning that around and seeing them hurting now that the USA and Saudi Arabia have managed to bring the oil prices back down to a level that is reasonable.

Russia will have their back. I can only hope that this is it. The Mighty Microchip gets fried and we roll the clock back a century. Locked, loaded, level and surrounded by likewise.

"....stabilizing a reasonable price for oil in 2015," Rouhani said.
The price has been unreasonable since around 1974.
The present price has been 40 years in the making.

It's so sad to see countries cry who have been ripping us off for years. We all would like to produce a product for $2.00 and sell it for $100.00, but competition usually gets in the way. Obama has tried his best to hold the price up there stabbing the little guy in the back. Thank heaven for the American businessman who followed Hannity's Drill Baby Drill!

Let's see if the US (and other free nations) are selling oil at $40/barrel and some new Cartel is selling it at $50 - exactly how is that going to get them customers?

sure this is all a ploy to put all the american companies drilling now out of business by driving the price down. once that happens they will be free to charge whatever they want again for another few years. gas may drop for a year or two, but then it will probably go up to 5+/gal again. they'll get greedy enough eventually that soon the next best alternative becomes the best thing and opec's can go back to the 3rd-world sand-box crap-hole of a countries they were because they don't know how to make anything else of value. i.e. if they charge 1 million per barrel, it would become cheaper to run your vehicle off some expensive liquor or propane, or whatever.

Dictatorships aren't doing well with some free market (semi) competition. Well, the reason why the low crude prices hurt your government controlled economy, is because you dictators refuse to let your citizens enjoy capitalism, so oil is your only export. So lets put the blame on low crude oil prices where it belongs,----citizen owned (semi) capitalism.

Start selling oil in a currency other than the dollar. That will being down the price in a hurry.

I think instead of propping up despots around the world The government of the USA should open up drilling and subsidize the shale oil so we can export at the lower price and bankrupt our competition. Then we would have no Muslim and socialist threat.

I buy almost everything except food and clothing from online auctions most people aren’t aware of the almost I unbelievable deals that they can get from online auction sites the site that has the best deals is
>>> W w w, saveslam,,C 0M

I checked with the BBB and was told that it is all legit. How they can sell gift cards, laptops, cameras, and all kinds of goodies that we all want for 50-90% off, I don’t know I do know that I bought my son an ipad there for less than $100 and my husband a $250 Low gift cards for $48. Why would I even think about shopping anyþlace else ?

It is stealing candy from a baby.