MEK
Big Ring
Posts:282
Registered Users
 |
| 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. |
|
|
|
|
OCguy
Big Ring
Posts:155
Registered Users
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. |
|
|
|
|
TWL
Granny Gear
Posts:46
Registered Users
|
| 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-MAN
Big Ring
Posts:222
Registered Users
Louisville, KY
|
| 05/06/2008 5:17 PM |
|
| I'd buy that for a Euro. Glad you're back TWL. |
|
|
|
|
OCguy
Big Ring
Posts:155
Registered Users
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) |
|
|
|
|
PR
Big Ring
Posts:358
Registered Users
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. |
|
|
|
|
OCguy
Big Ring
Posts:155
Registered Users
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! |
|
|
|
|
MEK
Big Ring
Posts:282
Registered Users
|
| 09/17/2008 7:03 AM |
|
"The cost of the benchmark light sweet crude oil settled at $91.15 a barrel on the New York Mercantile Exchange yesterday, down $4.56, or 4.8 percent. It is at the lowest level since Feb. 7. Prices now stand about 38 percent below their July 11 peak."
So why am I still paying $4.15 Gal |
|
|
|
|
the weak link
Big Ring
Posts:143
Registered Users
|
| 09/17/2008 7:46 AM |
|
Drill here. Drill now.
I only pay $3.65 for my gas. Whenever they see MEK coming they charge him extra. It's an ugly tax. If you wore a bag over your head you wouldn't have to pay it. |
|
|
|
|
Wallace
Little Ring
Posts:85
Registered Users
|
| 09/18/2008 6:52 PM |
|
It is bull crap,
But is anyone willing to go back to horses?
Maybe the countries that controll OPEC,
(mainly dictators, and enemys of our country)
are trying to cripple the American economy.
A diffrent kind of 9-11 |
|
|
|
|
OCguy
Big Ring
Posts:155
Registered Users
Oldham
|
| 09/20/2008 4:02 AM |
|
Oil is the main material ingredient in gasoline (75%+ of the "cost" of gasoline). Refining it is generally the variable cost based on capacity and demand. In the USA, refining capacity continues to directly influence the price of gasoline and its volatility much more than the price of oil. Note the recent large swings in oil price with relatively small changes in gasoline price.
I am sure everyone hates my take on the economics of energy, but humans are humans and most things/commodities come down to supply and demand and aren't dictated by some voodoo king somewhere. |
|
|
|
|
the weak link
Big Ring
Posts:143
Registered Users
|
| 09/20/2008 2:34 PM |
|
| The autosnark-deletion feature of this site has censored my further comments about the Ugly Tax, MEK, and the Fairness Doctrine. Just as well. It wasn't going anywhere fast. |
|
|
|
|