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MarketTicker Forums Read Message in Energy
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User Info Well, something is definitely up. in forum [Energy]
Asimov
Posts: 103868
Incept: 2007-08-26
Gold
East Tennessee Eastern Time
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Quote:
Saudi Arabia to Send More Crude Oil Supertankers to the US

LONDON (Dow Jones)–Saudi Arabia’s state shipping company, Vela, will transport large volumes of oil to the U.S. again this month, repeating a trend that began in March, but prior to that was very unusual, shipbrokers told Dow Jones Newswires Friday.

Vela has chartered at least 10 supertankers, capable of carrying around 20 million barrels of oil, to ship crude to the U.S. this month, though some brokers say it could be as high as 13. This is a large increase from the normal traffic, which experts say amounts to around one tanker every other month.


http://gcaptain.com/saudi-arabia-send-cr....

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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
Mo
Posts: 12158
Incept: 2007-06-26
Silver
Pa.
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Obama demanding election year payback from his pals?

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Welcome to Pottersville
Asimov
Posts: 103868
Incept: 2007-08-26
Gold
East Tennessee Eastern Time
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There's only one reason to stockpile oil like that.

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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
Mo
Posts: 12158
Incept: 2007-06-26
Silver
Pa.
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You underestimate a politician's desire for reelection, Asimov.

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Welcome to Pottersville
Eighty6thebs
Posts: 4180
Incept: 2007-06-26
Green
It's contained to sub-prime!
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Iran.

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"Sounds to me like you guys a couple of bookies" - Billy Ray Valentine

"No I am not scared, and neither should you be!" - Iraqi Information Minister
Genesis
Posts: 130678
Incept: 2007-06-26
Admin A True American Patriot!
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Get it out of there before it's blown up.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Whewt
Posts: 2284
Incept: 2008-03-17
Gold A True American Patriot!
Lake Bonneville Shoreline!
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Maybe he is planning on some strategic reserve grandstanding.

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Except for the math, it's all going to work out.
Lowbeyond
Posts: 16866
Incept: 2008-02-11
Green A True American Patriot!
CO aka West NJ/East CA
Online
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genesis wrote..
Get it out of there before it's blown up.

winnah winnah chicken dinnah

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Maybe it was a birdy bread-bomber from the future?!
Swingtrader
Posts: 9108
Incept: 2007-08-12
Green
United Oligarchic Goldman Sachs States of America
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Will be really interesting to watch future developments as relate to this.

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Swing said "Well, it is collapsing as we watch.This is what it looks like." Australian federal judge Jayne Jagot, doing what US judges need to do!
Arpwatch
Posts: 3051
Incept: 2009-11-06
Green
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No kidding...

And hey, local pump prices are going down...
Medicdan
Posts: 8008
Incept: 2010-02-11
Green
Scottsdale, AZ
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Iran <---- this

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Arizona & desert gardening
http://azediblegarden.com/
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