http://clipmarks.com/tags/energym+oil/http://rss.clipmarks.com/tags/energym+oil/15Clip, tag and save information that's important to you. Bookmarks save entire pages...Clipmarks save the specific content that matters to you!en-ushttp://clipmarks.com/clipmark/48B6B1B7-781A-4C09-992A-45B03D95E999/<b>clipped by:</b> <a href="http://clipmarks.com/clipper/JICWyllie/">JICWyllie</a><br><b>clipper's remarks:</b> Original thinking. <br><div border="2" style="margin-top: 10px; border:#000000 1px solid;" width="90%"><div style="background-color:"><div align="center" width="100%" style="padding:4px;margin-bottom:4px;background-color:#666666;overflow:hidden;"><span style="color:#FFFFFF;font-weight:bold;">Clip Source: <a style="color:#FFFFFF;" href="http://seekingalpha.com/article/76725-the-end-of-opec" title="http://seekingalpha.com/article/76725-the-end-of-opec">seekingalpha.com</a></span></div><div style="padding: 10px;"><div style="text-align:left;"> In a Peak Oil world, OPEC, by definition, will not be able to contain the rise in the price of oil; they simply will not have the reserves to do so. Since we are either at or very near Peak Oil, OPEC is now or soon will be quite powerless.</div></div><hr size="2" color="#666666" /><div style="padding: 10px;"><div style="text-align:left;">Why will OPEC end? Well, clearly once they are known to have no power they will have no reason to exist. </div></div><hr size="2" color="#666666" /><div style="padding: 10px;"><div style="text-align:left;">they are increasingly being blamed for the rise in oil prices that is starting to become a serious problem for the global economy </div></div><hr size="2" color="#666666" /><div style="padding: 10px;"><div style="text-align:left;">They no longer benefit economically from OPEC because it is not OPEC that is keeping their oil price high. No economic benefit AND becoming the object of global blame? It is not in their self-interest. I predict that OPEC will soon disband. I define “soon” as within the next three years.</div></div></div></div><br><div style="margin-bottom: 40px;">Tags: <a href="http://clipmarks.com/tags/energym+oil/" rel="tag">energym oil</a>, <a href="http://clipmarks.com/tags/i-peak+oil/" rel="tag">i-peak oil</a>, <a href="http://clipmarks.com/tags/i-prices/" rel="tag">i-prices</a>, <a href="http://clipmarks.com/tags/i-policy/" rel="tag">i-policy</a>, <a href="http://clipmarks.com/tags/i-failure/" rel="tag">i-failure</a>, <a href="http://clipmarks.com/tags/i-forecast/" rel="tag">i-forecast</a></div>http://seekingalpha.com/article/76725-the-end-of-opecSun, 11 May 2008 19:00:41 GMT