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

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

    Quote Originally Posted by Lord Tammerlain View Post
    Yes it would
    Oil is an internationally tradable commodity. The price of which is set based on international demand and supply.


    An increase in supply will decrease the price from what it would be if the extra supply had not been avaliable. It does not mean the price would actually go down, just that it may not go up as much as it would have. Given the amount of oil demand coming from China and India, and how much it is increasing, oil prices are unlikely to decrease very much unless masssive supplies come on to the market (Anwar would not be considered massive)
    If we produce it just for us and do not import or export we would not be influenced by the world market

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

    Quote Originally Posted by ptif219 View Post
    If we produce it just for us and do not import or export we would not be influenced by the world market
    And the US does not have the capability to produce enough enough to meet its needs, requiring either drastic cut backs in usage (say goodbye to F350's pick ups as personal transportation) or by some magical fairy an economical means to develop the oil shale in the west. Either way oil prices would rise drastically
    Conservatives believe that the government is incompetent, and seek to elect people who will ensure it is

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

    Quote Originally Posted by Lord Tammerlain View Post
    And the US does not have the capability to produce enough enough to meet its needs, requiring either drastic cut backs in usage (say goodbye to F350's pick ups as personal transportation) or by some magical fairy an economical means to develop the oil shale in the west. Either way oil prices would rise drastically

    They do if they drill where they have oil

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

    Quote Originally Posted by ptif219 View Post
    They do if they drill where they have oil
    Anwar, and the gulf do not have enough oil to make the US oil independant.

    Shale oil, and "Oil Shale" (two different types of oil) combined have the potential, one is currently producing a significant amount of oil, the other is not and wont as it is currently unprofitiable. With out the kerogen sourced oil from oil shale the US will not be independant in producing oil without massive cuts in usage
    Conservatives believe that the government is incompetent, and seek to elect people who will ensure it is

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

    Quote Originally Posted by Lord Tammerlain View Post
    Anwar, and the gulf do not have enough oil to make the US oil independant.

    Shale oil, and "Oil Shale" (two different types of oil) combined have the potential, one is currently producing a significant amount of oil, the other is not and wont as it is currently unprofitiable. With out the kerogen sourced oil from oil shale the US will not be independant in producing oil without massive cuts in usage
    We have been making cuts but we are not using the resources we have

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

    666. Explanation to high price of oil and gold (4/28/2011)


    Every American feels the hurt of the rising price of gasoline. It accelerates its inflation step from later last year. Here are two news.

    Oil rises above $90 a barrel in Asia as US crude supply drop suggests demand improving
    Alex Kennedy, Associated Press, On Wednesday December 22 (2010)

    SINGAPORE (AP) -- Oil prices rose above $90 a barrel Wednesday in Asia after a report showed U.S. crude supplies dropped more than expected for a second week, which suggests demand is improving.

    Oil rises above $90 amid US crude supply drop - Yahoo! Finance
    Saudis Slash Oil Output, Say Market Oversupplied

    Published: Monday, 18 Apr 2011 | 5:40 By: Reuters

    Consumers have urged the exporters' group to pump more crude to put a cap on oil, which surged to more than $127 a barrel this month, its highest level in 2 1/2 years amid unrest in North Africa and the Middle East.

    News Headlines
    In four months, the oil price increases more than 25%. It follows the steps of persecution the Feds applies on me.

    1. From the news we know 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. See “556. Petro-dollar, the cause of Iran war (7/4/08)”)

    2. The high oil price will also justify Iran war. After the war, the oil will return to normal. (Around $30/barrel) Then the media will tell people, "You see. We are right to go war on Iran. So you all can enjoy a low price gas now." So the anti-war mood will be minimized.

    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 2007 and 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 in a similar situation.

    5. The model will be: False flag terror attack happens in US and European countries.(likely nuclear bombing or dirty bomb attack). It will justify war on Iran because Iran is accused of developing nuclear weapons. During the war crisis, under the propaganda of the media, the price of oil and gold will go up like crazy. That is the time the mastermind to unload their stock (the oil future option and gold) to public.

    Iran war plot has been in plan since Bush’s second term. It was delayed again and again because the Feds also project it as a distraction on a framed drug case so I can have the above conclusions through my observation.

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

    In a 7,000-word essay for Rolling Stone magazine that was posted online Wednesday, Gore says Obama has failed to stand up for "bold action." Gore contends that Obama has made little progress on the problem since Republican President George W. Bush. Bush infuriated environmentalists by resisting mandatory controls on the pollution blamed for climate change, despite overwhelming scientific evidence that the burning of fossil fuels is responsible.

    Gore does credit Obama's political appointees with making hundreds of changes that have helped move the country "forward slightly" on the climate issue, but says the president "has simply not made the case for action."

    "Obama has never presented to the American people the magnitude of the climate crisis," Gore says. "He has not defended the science against the ongoing withering and dishonest attacks. Nor has he provided a presidential venue for the scientific community ... to bring the reality of the science before the public."

    The comments mark a turnaround for the nation's most prominent global warming advocate, whose work on the climate problem has earned him a Nobel Prize and was adapted into an Oscar-winning documentary.
    Gore: Obama Lacks 'Bold Action' on Global Warming - ABC News

    which one is nuts?

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

    Quote Originally Posted by The Prof View Post
    Both are not nuts. They are puppets. They work for the real rulers of this country. Five years ago, they know the problem was caused by speculators. They dare not to touch those speculators. They know the financial crisis was cuased by those big banks and financial firms. They dare not to touch it either. Now the "too big to fail"become even bigger after bail out.

    Koch Hoards Oil, Profits on Speculation
    Sunday, April 17, 2011

    Rampant oil speculation is fueling higher gas prices at the pump, according to ThinkProgress. Big banks and companies like Koch Industries employ a "contango" strategy by buying up oil and storing it to lock in the oil for sale later at a set price. In December 2008, Koch leased four supertankers "to hold oil in the U.S. Gulf Coast to take advantage of rising prices in the months ahead," Fortune magazine's Jon Birger reported. This could have raised gas prices by "anywhere from 20 to 40 cents a gallon."

    Koch Hoards Oil, Profits on Speculation | Drudge Retort

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

    Quote Originally Posted by The Prof View Post
    As a side point....You'll note that this complaint was regulated to the back pages of Rolling Stone. Two years ago it would have been the cover and main story.


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

    Quote Originally Posted by katsung47 View Post
    They are puppets
    al gore, barack the slasher hussein...

    LOL!

    and the koch brothers

    YouTube - Twilight Zone intro
    Last edited by The Prof; 06-28-11 at 06:37 PM.

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