OIL and all that it implies... [NotSoBreakingPrice] - MarketTicker Forums


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Zarathustra Posts: 6030 Incept: 2009-04-29 Funkytown	Crude futures nearing $102 a barrel. I'm sure it's nothing.... ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates 2012-01-03 07:14:29 Permalink
Guydaley Posts: 15320 Incept: 2007-07-10 Wyoming only ATM Banned	There is no better form of extraction than through our addiction for fossil fuels. Artificially raise the price and presto, we are transferring larger percentages of our income to our overlords that control the price. ---------- Its called creeping TEOTWAWKI. Just because it doesn't happen all at once doesn't mean it isn't happening. 2012-01-03 07:44:07 Permalink
Zarathustra Posts: 6030 Incept: 2009-04-29 Funkytown	Guy, I know I'm a cynic, but the rise of the price of OIL directly after the Christmas holidays, screams "manipulation" by someone... ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates 2012-01-03 07:48:20 Permalink
Jubber Posts: 14642 Incept: 2007-07-05 UK Online	Surely its speculation on Iranian escalation in part ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-01-03 07:49:58 Permalink
Jamesbond Posts: 589 Incept: 2009-01-31	Jubber wrote.. Surely its speculation on Iranian escalation in part Correct, and increasing demand in Asia, especially India and China, whose mfgr indexes are showing continued growth. Last modified: 2012-01-03 08:02:13 by jamesbond 2012-01-03 07:53:39 Permalink
Zarathustra Posts: 6030 Incept: 2009-04-29 Funkytown	The dollar has been dropping since its open. There's your culprit, IMO. The Iranian problem is along for the ride.... ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates 2012-01-03 07:54:26 Permalink
Zarathustra Posts: 6030 Incept: 2009-04-29 Funkytown	$102.15 ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates 2012-01-03 09:53:09 Permalink
Rufust445 Posts: 661 Incept: 2007-08-11 Emerald City	Guydaley wrote.. There is no better form of extraction than through our addiction for fossil fuels. Artificially raise the price and presto, we are transferring larger percentages of our income to our overlords that control the price. Has been so since the Oil Embargo of 1974, which began in November, 1973. Zarathustra wrote.. The dollar has been dropping since its open. There's your culprit, IMO. The Iranian problem is along for the ride.. The falling value of the dollar is one of the reasons for the Oil Embargo of 1974, along with U.S. support of Israel in the Yom Kippur war of October, 1973. The Iranian problem of 1979-80 is what drove gasoline prices over $1.00 for the first time. Back then there were news articles calling what the US spent for imported oil "The greatest transfer of wealth in the history of the world." What we're seeing now is the result of a problem, lack of U.S. energy policy, that has been festering to a worse and worse level for decades. Jubber wrote.. Surely its speculation on Iranian escalation in part Also the $hit that's been flying off the fan (bombings, shootings) in Iraq since U.S. troops pulled out. ---------- "The stock market isn't bullish, it's bull$hit." -- Alan King Last modified: 2012-01-03 14:12:03 by rufust445 Reason: additional comment 2012-01-03 14:05:01 Permalink