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Subject: OIL
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MEKUser is Offline
Big Ring
Big Ring
Posts:186


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05/06/2008 8:00 AM  

Its interesting that Both Military.com as well as CIA.Gov had press releases on Feb 25th regarding the same theory. Curiously they have both been removed from each site. John Inglis from the “NSA” also released a shocking scenario that relates to a similar theory. His prediction was not released from my understanding due to the threat of hording and widespread panic. He stated that OPEC is being heavily lobbied by countries such as Venezuela and Iran to base crude prices on the Euro vs the American Dollar. A quote from Iran was that the American Dollar is not the Leading Economic monetary & that the Euro would create a more stable financial base for future development. If this were to happen (Which by all counts it probably will within a year) we could see crude oil prices rise to $175.00 per Barrel.

While America continues its strong arm military practices it increasingly exposes its weak point … OIL.

OCguyUser is Offline
Big Ring
Big Ring
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Oldham
05/06/2008 11:21 AM  
Of course this is going on, but I don't think that OPEC is stupid enough to do it. They understand that the stability of the dollar is what makes globalization possible, and what fuels their profits. And anything coming from Iran is not exactly respected in economic circles. Sort of like thinking that "Big Oil" will "pay" for a "windfall profits TAX". Only economically uneducated folks think that "companies" pay taxes.

Here is an opposite take in the latest edition of Forbes:
http://www.forbes.com/opinions/forbes/2008/0421/034.html

In short they make a good case for the demise of the Euro.
TWLUser is Offline
Granny Gear
Granny Gear
Posts:45


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05/06/2008 2:09 PM  
None of this would be a problem if we rationed stuff to greedy American consumers. I say limit families to one can of ProLink and a case of Keystone a week. We can then take the leftover money and purchase world peace, lower the temperature where its too hot, raise the temperature where its too cold, and bring healing to our land halellua forever and ever Amen.
G-MANUser is Offline
Big Ring
Big Ring
Posts:168


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Louisville, KY
05/06/2008 5:17 PM  
I'd buy that for a Euro. Glad you're back TWL.
OCguyUser is Offline
Big Ring
Big Ring
Posts:128


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Oldham
05/07/2008 9:15 AM  
Aren't the Chinese the greedy ones now? They're like, going through a case of ProLink a week and a can of Keystone a year (government drinking regulations)
PRUser is Offline
Big Ring
Big Ring
Posts:238


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Jackson County
05/07/2008 10:39 AM  
If you're in a high rent district now (think Manhattan, or Miami Beach) and somebody drags out a euro, all the service help will run directly over you to get to them. It's like the dollar has turned into a peso now. Even in our own country.
OCguyUser is Offline
Big Ring
Big Ring
Posts:128


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Oldham
05/07/2008 11:07 AM  
Yes, Thank You GWB for ignoring the importance of the US$. This too, shall pass.

Interesting that oil has essentially doubled in the last year without any real reason (US demand is actually going to be down this year) other than futures speculators.

C'mon TWL, let's hear it for price controls! We may be the only ones here old enough to remember how effective they were!
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