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Thread: Oil rises above $90 amid US crude supply drop

  1. #1171
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    Re: Oil rises above $90 amid US crude supply drop

    the guy in front of me this morning at quick stop: 120 on 2

    barack the slasher hussein's america

    why did he tell the chron he wanted to bankrupt coal?

    very strange

  2. #1172
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Barbarian View Post
    I'm starting to look at this in a different light, I think it would be a good thing for gas to be up to over over 5 dollars a gallon by election time of 2012.

    With the inflation that will cause at the retail market, plus the added costs to each and every family will feel each time they fill up. Families having trouble putting food on the table, seeing their kids going without.

    Just think of the consequences in the elections of 2012.... economy still floundering, unemployment numbers still up, deficit spending still at record levels, our national debt above 15 trillion and rising, and to top it off and gas prices at record highs. … it would be 2008 all over again, it wouldn't matter who ran against Obama, the people would be voting for change.
    Obama can always borrow from GWB, "stay the course"....
    YouTube - Stay The Course
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  3. #1173
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    How do you think our war for oil in Iraq was paid for? Aren't Libertarians opposed to that sort of thing? I know it is in their platform. You opposed to the Libertarian platform?
    Well as usual you argument lacks any creditable evidence, as does most of your arguments,

    according to you the war was all about oil … yet in 1999 we imported 263 thousand barrels of oil, in 2002 we imported 167 thousand barrels of oil , and in 2010 we imported 149 thousand barrels of oil. From Iraq.

    I guess according to you we fight these “oil” wars so we can get less of that country's oil ??

    U.S. Imports from Iraq of Crude Oil and Petroleum Products (Thousand Barrels)

  4. #1174
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by UtahBill View Post
    Obama can always borrow from GWB, "stay the course"....
    YouTube - Stay The Course
    If you can compare 2004 economy, gas prices unemployment figures ... our debt ... deficit ... or anything else .. to what it is now .. . lotsa luck

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Barbarian View Post
    If you can compare 2004 economy, gas prices unemployment figures ... our debt ... deficit ... or anything else .. to what it is now .. . lotsa luck
    we have had 7 or 8 recessions since I started working for a living....the economy has never been static for long...
    Oracle of Utah
    Truth rings hollow in empty heads.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Barbarian View Post
    I'm starting to look at this in a different light, I think it would be a good thing for gas to be up to over over 5 dollars a gallon by election time of 2012.

    With the inflation that will cause at the retail market, plus the added costs to each and every family will feel each time they fill up. Families having trouble putting food on the table, seeing their kids going without.

    Just think of the consequences in the elections of 2012.... economy still floundering, unemployment numbers still up, deficit spending still at record levels, our national debt above 15 trillion and rising, and to top it off and gas prices at record highs. … it would be 2008 all over again, it wouldn't matter who ran against Obama, the people would be voting for change.
    That means no one will want the problems Obama has made. To get a true conservative to run will be hard.

    Obama shows he hates big oil and the coal industry and he does not care how it affects middle america.

  7. #1177
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Amazed View Post
    It figures....assumptions are faith dave....plain and simple.

    You assume what you think is correct...it isn't.

    We canplay the dueling source game all day...doesn't change a thing.

    Gore is an idiot....Global Cooling didn't happen....

    Acid Rain didn't end life as we know it...

    ...and the Population Bomb didn't explode.

    Sorry.
    Ignorance is not a virtue and lights up like a neon sign, fortunately. One just waits until the manifestation becomes obvious. What could that mean? Bluster, bullsh*t, nonsense, and specializstion. Conservative merit badges.

  8. #1178
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    Re: Oil rises above $90 amid US crude supply drop

    "will gasoline prices ever go down? "

    Yes, after the war on Iran. Want to know why?

    1. The high oil price is not out of "supply and demand", it's out of the "speculation". The big bankers manipulate oil price high to save Dollar. (Iran abandoned dollar in oil trading)

    2. The high oil price will also justify Iran war. After the war, the oil will return to normal. Then the media will tell people, "You see. We are right to war on Iran. So you all can enjoy a low price gas now."

    3. The plotter used to make money on war crisis. So they accumulate the oil future options to push up the price. Once the war happens, they can make huge profits. (They had done so in 911 attack when they made money in stock option market.)


    4. In 2008, when there was a plan to war on Iran - the plot was signaled by a B-52 loaded with nuclear missiles flied over US continent, oil had been pushed up to $147/barrel. Now it is a similar situation.

    Here is an article I written then.

    556. Petro-dollar, the cause of Iran war (7/4/08)


    People think the nuclear ambition of Iran is the reason for Iran war. That is only right on Israel's part. For US part, it is petro-dollar.


    US dollar is appointed currency in oil trading. Because the oil trade is a huge business, a large amount of dollar is locked up in that trade. That money is called petro-dollar. Why it is so important to US? Because it acts as a long term none interest loan The prosperous US economy partly was based on the petro-dollar - a long term loan without interest. Let me depict it in this way:


    US bought a house from Japan (whom represents the oil customers of Iran) for one million dollars. US also bought another house from France (whom represents other oil customers of OPEC) for one million dollars. Japan and France use these two million dollars as fund to buy oil. The money was used in oil trading circle and never back to US. US enjoys the two houses almost free. He doesn't have to pay monthly mortgage payment. Not a penny for interest, nor for principle. All the cost was the printing of a green back paper. However, that green back paper - petro dollar, is still a debit note. How long is it? So far it's more than forty years - since dollar became the appointed oil trade currency.


    But suddenly, Iran refuses to accept dollar. Japan has to ask US to exchange that one million dollar into Euro or yen. What US can do is: 1. to get the dollar back by export more merchandise. But he is not able to. He has a trade deficit already. 2. To get the dollar back with gold or foreign currency reserve. But he hasn't that much reserve. 3. To lock up that extra one million dollar in US Bond by raising the interest rate to attract the buyer. But he unwilling to do it. There is a sub-prime crisis in real estate market. Any interest increase will further devalue the house. Feds holds a large amount of real estates in my case, they don't allow such thing to happen. So to solve the problem, they go to the fourth option. 4. By pushing up the oil price.


    France (other oil consumption countries) keeps one million dollar as oil trading fund. How much does he need if the oil price doubled? Two million. Thus the one million dollar Japan abandoned is absorbed by France. That's why the oil price jumped like crazy in recent days - a tricky way to keep US dollar from collapsing.


    US has to pay for high oil price too. Ordinary people bear the cost. But the high oil price will hurt the economy. The condition won't last long. So war on Iran is unavoidable.


    Of course, US is a "democratic" country. It can't start a war because others refusing to use its currency. Then beware of another 911 style false flag attack.

  9. #1179
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by UtahBill View Post
    On Nova a few days ago, a guy says he has biofuel made from grass that can run a jet engine, but so far it is $10,000 per tablespoon......
    Tell him to go back to the drawing board or find a way to make production much more efficient.

    I mean, we have other fuels available for vehicles right now, with the infrastructure already existing.
    One is electric cars and two is NG cars, you can get the NG pump installed at your house.

    Amazing.
    Last edited by Harry Guerrilla; 04-26-11 at 02:36 AM.
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by m4rgery View Post
    Why do you think it was a war for oil?

    Because Iraq was not a threat to anyone past our Persian Gulf war in 1991 when we completely destroyed their ability to be a threat to anyone, followed by a decade of sanctions, and the fact that it was all laid out in Bush's Energy Challenges for the 21st Century.

    Have we received any oil as a net benefit?
    You don't consider still being able to afford to fill up your gas tank, a benefit? Iraq has the largest pure oil reserves on the planet, it will be the last spot on the planet to run out of oil. Guess who's military now has the military power in Iraq to call the shots. Without, our war, Western oil would still be locked out of Iraq as they have been for the last 30 years, when Iraq Nationalized their oil.
    Last edited by Catawba; 04-26-11 at 04:02 AM.
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