CPEMEC

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CPEMEC; Consortium of Petroleum Exporting Middle Eastern Countries
Topic Started: Sep 24 2012, 09:13 PM (987 Views)
NRE	Oct 9 2012, 09:25 PM Post #26
Map Tsar and Southern Gentleman Posts: 9,266 Group: Admin Member #120 Joined: April 21, 2005	OOC: My apologies for my delay in this, but as it looks like it got off to a relatively good start I see no reason to bring up anything at this time. However: Quote: Article IV Any other nation wishing to join OPEC may do so with a simple majority vote from the CPEMEC members. The current article shall be modified accordingly (nations names must be included). I'm assuming that should say CPEMEC and not OPEC, might want to change that ASA. IC: "The Azerbaijani government finds nothing wrong with the treaty and I am prepared to sign on behalf of my government" Azim Kengerli stated. "Also, I have been authorized to disclose our oil production which is currently at 1.4 million barrels a day"



Allied States of Arv (ASA)	Oct 10 2012, 11:46 AM Post #27
Consortiums Ministrater Posts: 143 Group: Members Member #733 Joined: August 15, 2012	Emir-The Consortium is happy to have all of you. Now sence your all still here what should we set the Price per barrel?



Allied States of Arv (ASA)	Oct 12 2012, 05:37 PM Post #28
Consortiums Ministrater Posts: 143 Group: Members Member #733 Joined: August 15, 2012	OOC: In the real world current price per barrel is around $105 for crude oil. WTI being $91.64 and Bent Crude being $114.67. WTI is cheaper in the US as it is produced naturally in that state within the US(note this is unprocessed oil prices, so processed would be slightly higher. ) Eme ir- With the current Catholic war being fought would $90 a barrel be to much or should it be lower? I'm hoping some of you might have a better understanding of the situation, as some of you were in this organizations predecessor OPEMEC. OOC ,PS: WTI vs Brent- which is the better benchmark? Or, perhaps what is WTI and what is Brent? Primarily, there are two types of crude oil traded in the international markets (three really, but two majors): WTI (West Texas Intermediate) and Brent. WTI used as a benchmark in determining oil prices, is crude oil of high quality. The spot price is fixed at Cushing, Oklahoma. WTI is lighter than Brent crude, has lower sulfur content- comparatively-and produces more oil during the refining process. With lesser sulfur, easier is the refining, and lesser the environmental effects on the planet (WTI has .24 % sulfur, while the sulfur content of heavy crude oil, like the one from Venezuela's Orinoco Belt, is as high as 4.5 %. A reason why many people love this benchmark.) To be noted, though: WTI is more important in- and is-limited to the US, probably because WTI is produced and refined within the US. Edited by Allied States of Arv (ASA), Oct 12 2012, 05:44 PM.



Comrade Queen	Oct 14 2012, 06:27 PM Post #29
Comrade Bitchqueen Posts: 4,159 Group: Forum Mods Member #83 Joined: October 4, 2004	OOC: I'd suggest something higher, wars usually see an increase in oil price as the militaries fighting them require a lion's share of it and thus creates scarcity.



Allied States of Arv (ASA)	Oct 15 2012, 12:12 PM Post #30
Consortiums Ministrater Posts: 143 Group: Members Member #733 Joined: August 15, 2012	OOC:Would something around $150-$200 better?



Comrade Queen	Oct 15 2012, 03:36 PM Post #31
Comrade Bitchqueen Posts: 4,159 Group: Forum Mods Member #83 Joined: October 4, 2004	OOC: I'd say $150.



Allied States of Arv (ASA)	Oct 16 2012, 10:24 PM Post #32
Consortiums Ministrater Posts: 143 Group: Members Member #733 Joined: August 15, 2012	Does anyone object to setting the price of CPEMEC oil to $150 a barrell? Since the consortium produces 13,900,000 barrels a day that is $2,085,000,000 a day Edited by Allied States of Arv (ASA), Oct 16 2012, 10:42 PM.



Allied States of Arv (ASA)	Oct 16 2012, 10:44 PM Post #33
Consortiums Ministrater Posts: 143 Group: Members Member #733 Joined: August 15, 2012	OOC: This is for a resolution. Should the money made by the Consortium be split evenly among its members or divided in shares equal to your percentage/total contribution in oil to CPEMEC? PS:If their are still countries wanting to join feel free to post here or PM me about it. Edited by Allied States of Arv (ASA), Oct 17 2012, 09:56 PM.



NRE	Oct 21 2012, 09:53 PM Post #34
Map Tsar and Southern Gentleman Posts: 9,266 Group: Admin Member #120 Joined: April 21, 2005	Allied States of Arv (ASA) Oct 16 2012, 10:44 PM OOC: This is for a resolution. Should the money made by the Consortium be split evenly among its members or divided in shares equal to your percentage/total contribution in oil to CPEMEC? PS:If their are still countries wanting to join feel free to post here or PM me about it. OOC: I imagine the money should be divided in shares, otherwise I'd imagine those producing more would end up losing money.



Allied States of Arv (ASA)	Oct 22 2012, 07:26 PM Post #35
Consortiums Ministrater Posts: 143 Group: Members Member #733 Joined: August 15, 2012	OOC: So does everyone agree that money made by the members of the consortium should be directly related to your contributions to the consortium?



Semitistan	Oct 24 2012, 06:22 AM Post #36
Sergeant Posts: 190 Group: Members Member #687 Joined: July 16, 2011	OOC: I agree with NRE, the money made should be divided in shares as it is only fair.



Allied States of Arv (ASA)	Oct 24 2012, 06:55 PM Post #37
Consortiums Ministrater Posts: 143 Group: Members Member #733 Joined: August 15, 2012	Well that is three votes which is majority ill ad it as a resolution



Comrade Queen	Oct 28 2012, 06:42 PM Post #38
Comrade Bitchqueen Posts: 4,159 Group: Forum Mods Member #83 Joined: October 4, 2004	OOC: Yeah, let me give my delayed support of shares.



Allied States of Arv (ASA)	Oct 30 2012, 11:59 AM Post #39
Consortiums Ministrater Posts: 143 Group: Members Member #733 Joined: August 15, 2012	I did the math for the shares and put it on the 2nd post.



Aghaba	Nov 11 2012, 07:05 PM Post #40
Sergeant Posts: 131 Group: Members Member #630 Joined: August 27, 2010	OOC: Last I checked, nowhere in central Asia produces anywhere near 3.5 million bbl/day.



NRE	Nov 12 2012, 12:51 AM Post #41
Map Tsar and Southern Gentleman Posts: 9,266 Group: Admin Member #120 Joined: April 21, 2005	OOC: It does seem Kazakhstan's production is more around 1.6 million bbl/day ASA. While I don't see a problem with a slight adjustment to that number (given that your country may be highly more industrialized than say, the RL Kazakhstan), it may be stretching it a bit too far with 3.5. Scythirus can pull off its numbers given that it controls almost all of what would be RL Iran on our maps, as can I given that I control all of Azerbaijan. Aghaba and Semistan are ok with their numbers given that both control areas of Iraq where it appears large oil fields are present. Perhaps you should adjust it to somewhere more along the lines of 2 million barrels given both your size and location.



Allied States of Arv (ASA)	Nov 23 2012, 03:24 PM Post #42
Consortiums Ministrater Posts: 143 Group: Members Member #733 Joined: August 15, 2012	Ill adjust I probably read an article about what it could produce so im going to lower it i'm thinking of the ASA as a only slightly more industrialized Kazackstan. And feel free to call me on the stats it keeps things more realistic. Edited by Allied States of Arv (ASA), Nov 23 2012, 03:25 PM.



Allied States of Arv (ASA)	Nov 23 2012, 03:29 PM Post #43
Consortiums Ministrater Posts: 143 Group: Members Member #733 Joined: August 15, 2012	I lowerd it to 1.5 . At NRE: I might increast to 2 million next year once ive finished the RP for my expansion towards the lakes.



Aghaba	Nov 26 2012, 08:57 PM Post #44
Sergeant Posts: 131 Group: Members Member #630 Joined: August 27, 2010	OOC: Thanks ASA. Apologies if I came off as rude or abrasive in pointing that out.



NRE	Nov 26 2012, 10:57 PM Post #45
Map Tsar and Southern Gentleman Posts: 9,266 Group: Admin Member #120 Joined: April 21, 2005	Allied States of Arv (ASA) Nov 23 2012, 03:29 PM At NRE: I might increast to 2 million next year once ive finished the RP for my expansion towards the lakes. That seems perfectly reasonable ^^



Allied States of Arv (ASA)	Nov 27 2012, 12:09 AM Post #46
Consortiums Ministrater Posts: 143 Group: Members Member #733 Joined: August 15, 2012	At Ahgaba you weren't at all don't worry about it. :lol:



Allied States of Arv (ASA)	Jan 6 2013, 07:28 PM Post #47
Consortiums Ministrater Posts: 143 Group: Members Member #733 Joined: August 15, 2012	I was wondering what you all thought about singleing our currency and agreeing to only trade oil for that currency? Essentially if they want 2,000,000$ worth they'd have to exchange their currency for the CPEMEC dollar then buy the oil. It would also increase the worth of this new currency. Since 2,000,000$ of theirs wouldn't be equal to the CPEMEC dollar as it would have the value of all the oil from each of our countries backing it's worth. So they'd have to trade a higher amount of their currency for ours creating a surplus in our favor just in currency transitions back and forth. Edited by Allied States of Arv (ASA), Jan 7 2013, 12:42 PM.



NRE	Jan 6 2013, 09:17 PM Post #48
Map Tsar and Southern Gentleman Posts: 9,266 Group: Admin Member #120 Joined: April 21, 2005	Azerbaijan is willing to discuss the idea of a unified currency.


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