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Submitted by Cameron Hanover
Wow, didn't know the Fed could guarantee we're going to buy oil. Where's he think we have to go to, a job?
We are sending a colony to drill in the frau Maura highlands
Some describe the current price activity as bouncing along a short-term plateau, which suggests another $2-4 on the upside in the next few weeks.
The price of light crude is up $75.17 Aug 27/2010 from a low of $71.61 a few days ago.
Since I have skin in the game, I will bail my long positions if it climbs another buck or two, as the price bounces along the plateau.
The Fed did a good PPT team assault on the PMs; but they're buying crazy in Asia and Europe. Price in HK $15 higher (phone call from my cousin)
With all the attention being given to the scams with the Fed and gold, you'd think more attention would be paid by this site and others to the scams being perpetrated by Big Oil against every energy consumer in the world; how the oil industry, represented by the 6 most profitable companies in history, is actively suppressing the emergence of new technology that would put them out of business, thus ensuring that their record profits come from the pockets of everyday Joes who are also being screwed by the Fed. Pretty sad world, and sadder still that so many people are in the dark about it.
watch the movie, "Who killed the electric car"
After 3 years of analysis by me it appears to be entirely correct
+ 1 , the part about Ethanol costing 25 barrels of oil to make 1 was a shock as was their prediction of gas reaching $4.50 per gallon would spell the end of Suburbia.
sign : the bottom of the 'U' disappears into the bottom curve of the 'S'
this space for rent. did a friggin ned....
"There WILL be inflation Bitches , this is only the start. NO deflation allowed!!". is what Bernanke really meant to say..
We all know who Berspanke will buy the securities from, and we know who will profit, and who will be front running every transaction, and who will get screwed in the end. Ouch.
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