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Black Gold bitchez!
unless the "unnamed source" with the extensive contacts is GS and they are just lining up some rape victims.
NOOOOO .......... they would NEVER do that !
I love how it takes an "internal report by a major investment firm" to confirm that people operate according to the profit motive.
Governments, not so much.
Politicians are certainly out for profits - but they do it through coercive means.
Of course Governments seem pretty willing to bend their respective populations over for certain individual's profits.
Been stocking up. That's why I have 55 gal barrels out back.
Another rumor from hidden sources courtesy of the CIA. OIL MUST GO OVER $200. US DOLLAR MUST FAIL. Signed, the Baron of the EE.
Yea, but ya cant eat barrels of oil.
Leaks out of a safe too. Shit.
Just bury it in the backyard. That's what they did millions of years ago.
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.
Awesome - now we can justify all those crappy new go karts...errr..cars from Government Motors made in China
Detroit news agrees with you:
Consumer Reports: GM's Volt 'doesn't really make a lot of sense'
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.
$120 oil is going to put a serious dent in earnings... (And of course, consumer spending)
Oil to $200.
USDX to 50...
The possibilities, on the up and down side, are limit-less.
Buy, hold, pray, exercise, focus, relax...
S & P 2900
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... :-)
This will end badly, they will soon end the peg in dollars
Not with all that US military hardware pointing at them.
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.
The Rally Monkey is long crude, video at 11:00.
Time to get a moped with a flashing orange light on top of helmet
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.
Soon to be 85/15
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!
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.
Thanks. Please let me know when those, uh, trolls show up.
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!
$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?
How about us poor slobs who are not getting pay raises or bonuses commensurate with Zimbabwe Ben's Wild Debasement Ride?
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.
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?!?!"
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.
Wages goes up linear
Interest goes up geometric
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.
Higher oil will to wonders to the Chinese inflation :)
I wonder how long before they go ALL BRUCE LEE ON THEIR GOVELMENTS!!
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.
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.
Must read guys
Pentagon says: Financial Terrorism behind Wall Street collapse
They have blamed everyone except the insiders in US.
AL QAIDA DID IT!!!
Looks like Kadafi was right all along...
It was the schwarma vendor with the hot pickle on Rector Street.
Man I miss schwarmas; it would almost be worth going back to the House of Saud just to have a few.........mmmmmmmmmmmmm
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!
Say goodbye to The Prize
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.
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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