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Saudi Arabia Will Let Oil Reach $120, As Truth Behind Saudi Motives Is Exposed

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Tue, 03/01/2011 - 10:12 | 1006748 slow_roast
slow_roast's picture

Black Gold bitchez!

Tue, 03/01/2011 - 10:21 | 1006769 unwashedmass
unwashedmass's picture


unless the "unnamed source" with the extensive contacts is GS and they are just lining up some rape victims.

Tue, 03/01/2011 - 12:15 | 1007180 tsx500
tsx500's picture

NOOOOO .......... they would NEVER do that  !    

Tue, 03/01/2011 - 10:40 | 1006813 brian0918
brian0918's picture

I love how it takes an "internal report by a major investment firm" to confirm that people operate according to the profit motive.

Tue, 03/01/2011 - 10:53 | 1006846 tmosley
tmosley's picture

Individuals do.

Governments, not so much.

Tue, 03/01/2011 - 10:59 | 1006867 brian0918
brian0918's picture

Politicians are certainly out for profits - but they do it through coercive means.

Tue, 03/01/2011 - 11:30 | 1006999 DaveyJones
DaveyJones's picture

and criminal

Tue, 03/01/2011 - 14:26 | 1007909 Citxmech
Citxmech's picture

Of course Governments seem pretty willing to bend their respective populations over for certain individual's profits.

Tue, 03/01/2011 - 10:12 | 1006751 gwar5
gwar5's picture

Been stocking up. That's why I have 55 gal barrels out back.

Tue, 03/01/2011 - 10:13 | 1006752 Slartebartfast
Slartebartfast's picture

Another rumor from hidden sources courtesy of the CIA.  OIL MUST GO OVER $200.  US DOLLAR MUST FAIL.  Signed, the Baron of the EE.

Tue, 03/01/2011 - 10:14 | 1006754 SheepDog-One
SheepDog-One's picture

Yea, but ya cant eat barrels of oil.

Tue, 03/01/2011 - 10:22 | 1006772 rocker
rocker's picture

Leaks out of a safe too.  Shit.

Tue, 03/01/2011 - 10:46 | 1006828 Joe Sixpack
Joe Sixpack's picture

Just bury it in the backyard. That's what they did millions of years ago.

Tue, 03/01/2011 - 11:18 | 1006941 Gert_B_Frobe
Gert_B_Frobe's picture

One step ahead. Bought a bunch of bags of Kingsford charcoal on sale at Home Repo and buried them in the backyard.

Yep. 1 billion years from now my decendents are gunna be sittin' pretty with diamonds.

Tue, 03/01/2011 - 10:16 | 1006759 Josh Randall
Josh Randall's picture

Awesome - now we can justify all those crappy new go karts...errr..cars from Government Motors made in China

Tue, 03/01/2011 - 11:00 | 1006866 New_Meat
Tue, 03/01/2011 - 15:25 | 1008154 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Consumer Reports: GM's Volt 'doesn't really make a lot of sense'

Yep, no shit. I could have told you that a $40,000 car that can only go 400 miles per plug-in/fill up with extra parts to break is not going to work. Remember, they have to please the religious environmentalist crowd. Reality is pointless.

Tue, 03/01/2011 - 10:16 | 1006760 Popo
Popo's picture

$120 oil is going to put a serious dent in earnings...  (And of course, consumer spending)

Tue, 03/01/2011 - 10:17 | 1006763 Oh regional Indian
Oh regional Indian's picture

Oil to $200.

USDX to 50...

The possibilities, on the up and down side, are limit-less.

Buy, hold, pray, exercise, focus, relax...




Tue, 03/01/2011 - 10:24 | 1006777 cossack55
cossack55's picture

You forgot:

Dow 36,000

S & P  2900

NASDAQ  21,000

Tue, 03/01/2011 - 10:50 | 1006833 Oh regional Indian
Oh regional Indian's picture

Cossack, having been in the heart of the .con bubble, in the Vally of silicone, back in the day, that Nasdaq 21,000 hurts the worst. I remember praying for it then... :-)


Tue, 03/01/2011 - 10:18 | 1006767 johnnymustardseed
johnnymustardseed's picture

This will end badly, they will soon end the peg in dollars

Tue, 03/01/2011 - 11:24 | 1006973 BigJim
BigJim's picture

Not with all that US military hardware pointing at them.

Tue, 03/01/2011 - 11:27 | 1006990 MachoMan
MachoMan's picture

They need protection...  What are they going to change to, gold?  How long will we be able to buy oil with that?  Then what?  They'll stay put until they're scared enough to leave...  then we'll have to convince a whole new set of people to let us take our liberties with their hind ends.

Tue, 03/01/2011 - 10:21 | 1006770 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

The Rally Monkey is long crude, video at 11:00.

Tue, 03/01/2011 - 10:21 | 1006774 the not so migh...
the not so mighty maximiza's picture

Time to get a moped with a flashing orange light on top of helmet

Tue, 03/01/2011 - 10:25 | 1006779 MiddleMeThis
MiddleMeThis's picture

If they would stop mixing ethanol in my petroleum, I wouldn't mind as much.  But the 90/10 petroleum/ethanol mix has decreased my MPG efficiency by 3-4 mpg.  Enough already.

Tue, 03/01/2011 - 10:29 | 1006789 cossack55
cossack55's picture

Soon to be 85/15

Tue, 03/01/2011 - 10:43 | 1006815 falak pema
falak pema's picture

If it was 'Monsanto' ethanol the drop would be the double. You would also find green GFM (genetically fabricated through modification)  trolls in your tank!

Tue, 03/01/2011 - 10:28 | 1006783 alter ego
alter ego's picture

Hi my friends.

Watch out for those angry trolls who jump to

post every time there is a news related to Peak


This is truly an inconvenient truth, the type of

one that the powers that be don't want you to

discuss in important forums or main stream



For those universally ignorant that says we are

not running out of oil since there is deep

drilling in Russia that probes the otherwise, I

tell you one thing.

We are not running out of oil, we are just

running out of the oil that we can "afford" to



In order to have this non conventional form of

oil coming and flowing we need a type of

economics that allow you to invest millions and

millions of dollar to get that energy, it means

that triple digit oil prices has to happen in

order to maintain the flowing of the black stuff.

Those tripple digit oil prices are the ones who

produce energy shocks, therefore the

produce economic recessions. 

Tue, 03/01/2011 - 10:46 | 1006829 Pants McPants
Pants McPants's picture

Thanks.  Please let me know when those, uh, trolls show up.

Tue, 03/01/2011 - 10:52 | 1006844 MolotovCockhead
MolotovCockhead's picture

There's a conpiracy to drive the price of oil much higher. TPTB want to make sure that the jobless hungry mobs can't afford to buy the gas needed to make their molotovcocktail when all hell break loose. A hungry man is an angry man!

Tue, 03/01/2011 - 10:29 | 1006785 Quintus
Quintus's picture

$120?  Seems fair.  The Bernank reduces the value of the dollar by 8%, so the Saudis ask for 8% more of them in return for a barrel of oil.  Who could quibble with that?

Tue, 03/01/2011 - 10:31 | 1006793 Shameful
Shameful's picture

How about us poor slobs who are not getting pay raises or bonuses commensurate with Zimbabwe Ben's Wild Debasement Ride?

Tue, 03/01/2011 - 10:34 | 1006800 Quintus
Quintus's picture

Sorry - I was attempting to be sarcastic.  This is just another confirmation that the Fed cares little, if at all, about the working people of the US, and indeed the world.  If the price of saving his Wall St. masters is $120 oil, or $220 oil for that matter, it's a price worth paying in his eyes.

Tue, 03/01/2011 - 10:41 | 1006812 Shameful
Shameful's picture

Well that's just it I can't blame the oil producers for wanting more.  The easy oil is getting pumped and I totally understand wanting to get more debased dollars for it.  Problem is, like always, the serfs are getting caught in the crossfire.  I for one can't wait for the petrodollar to die.  Sure oil prices will sky rocket for the US and kick me in the teeth, but at least it will force the sleeping masses to stir in their slumber and ask "WTF just happened?!?!"

Tue, 03/01/2011 - 14:25 | 1007903 downrodeo
downrodeo's picture

At that point, I believe, we will see the perfect opportunity to truthfully explain exactly what did happen. There is no doubt in my mind that the TPTW will have a plethora of 'explanations' to choose from, and will attempt to insert their own narrative in order to make sure we keep on sleeping on. This will be the most dangerous time for them, and as a direct corollary, the most dangerous time for us as well.

Tue, 03/01/2011 - 10:34 | 1006803 samsara
samsara's picture

Wages goes up linear

Interest goes up geometric

Tue, 03/01/2011 - 10:41 | 1006811 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

You slobs need a .gov job or convert to jewish so the world is your oyster.

Meantime $120 crude means lots of potential investors for US debt. Yea! $120 crude is good for equities afterall.

Tue, 03/01/2011 - 10:31 | 1006787 Sudden Debt
Sudden Debt's picture

Higher oil will to wonders to the Chinese inflation :)


I wonder how long before they go ALL BRUCE LEE ON THEIR GOVELMENTS!!


Tue, 03/01/2011 - 10:48 | 1006832 falak pema
falak pema's picture

The day you go RAMBO on yours. Don't forget you have an advantage over them : you have a maestro playing QE-forever, Benocide, who will not only create mega-inflation but definitely tank USD and economy for nothing...Maestro...is not going to change his tune...by the looks of it.

Tue, 03/01/2011 - 11:10 | 1006906 Larry Darrell
Larry Darrell's picture

Pretty sure our friend Sudden Debt is from Belgium, so he doesn't have the "maestro" Ben.  Also, I'm not even sure his country has a functioning government at the moment.

Tue, 03/01/2011 - 10:30 | 1006788 props2009
props2009's picture

Must read guys

Pentagon says: Financial Terrorism behind Wall Street collapse



They have blamed everyone except the insiders in US.


Tue, 03/01/2011 - 10:32 | 1006798 Sudden Debt
Sudden Debt's picture



Looks like Kadafi was right all along...


Tue, 03/01/2011 - 10:47 | 1006830 sushi
sushi's picture

It was the schwarma vendor with the hot pickle on Rector Street.

Tue, 03/01/2011 - 12:43 | 1007334 melachiro
melachiro's picture

Man I miss schwarmas; it would almost be worth going back to the House of Saud just to have a few.........mmmmmmmmmmmmm

Tue, 03/01/2011 - 16:50 | 1008683 Citxmech
Citxmech's picture

Schwarmas are awsome - but they sure do give at both ends.  Worst gas I ever had was because of one of those things.  Buyer beware!

Tue, 03/01/2011 - 10:29 | 1006790 Rusty Shorts
Tue, 03/01/2011 - 10:31 | 1006791 John McCloy
John McCloy's picture

Forget 120..I'm looking for a new all time high. Ben did not like the last selloff not taking down silver and commodities. 155 oil may be just his ticket to getting a QE3 out the door.
Expect another Selloff below 12,000 to try to supress Silver prices.
$50.00 silver makes for good mainstream headlines and we cannot let the serfs get any bright ideas about preserving their wealth. Remember we are dealing with the greatest price fixing experiment of all time.
Ben needs buyers of treasuries, lower input costs and Silver down. If he must he will take the market down.

Tue, 03/01/2011 - 10:35 | 1006804 Shameful
Shameful's picture

Why not take the market down?  The Pigmen can get a heads up and go short into the maelstrom.  Zimbabwe Ben gets WE3, and the ponzi moves on.  While at the same time get to try to scalp the commodity (and PM) longs.  With QE3 can ramp the market back up, just need a convenient excuse to force a sell off.  With the current geopolitical situation I think that they can just pick one of the weekly crises to trigger the take down.  "We don't know what happened!  Early investigations point to Waddel and Reed selling some futures..." or "Oops butterfingers!  Sold billions not millions, but man B and M are so close..."

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