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| 11:05 PM | ||
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| 11:05 PM | ||
Oil Skyrockets to 25-Month High of Nearly $90/bbl | |
| Anonymous Coward User ID: 1134640  United States12/22/2010 04:02 PM Report Abusive Post Report Copyright Violation | |
Sweet.Skitzo  User ID: 1010708 United States12/22/2010 04:09 PM Report Abusive Post Report Copyright Violation | |
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| from every angle User ID: 1118955  Australia12/22/2010 04:19 PM Report Abusive Post Report Copyright Violation | edit : oil closes at 90.60 and thats not even Brent which is used by world now at 93.37 Quoting: Anonymous Coward 1134640Oil Skyrockets to 25-Month High of Nearly $90/bbl Oil Skyrockets to 25-Month High of Nearly $90/bbl Crude Oil Rises to 25-Month High in New York as Dollar Tumbles By Margot Habiby and Mark Shenk Dec. 3 (Bloomberg) -- Crude oil rose to the highest level in 25 months as the dollar tumbled, boosting the appeal of commodities as an alternative investment. Oil jumped 1.4 percent as the Dollar Index dropped to the lowest level since Nov. 23 after U.S. employers added fewer jobs than forecast in November. The unemployment rate unexpectedly increased. Futures for delivery from 2013 through 2018 fell below the current month’s price. “The rally is due to a much lower dollar,” said Hamza Khan, an analyst with Schork Group Inc., a consulting company in Villanova, Pennsylvania. “This is not based on fundamentals.” Oil for January delivery rose $1.19 to settle at $89.19 a barrel on the New York Mercantile Exchange, the highest closing price since Oct. 7, 2008. Futures increased 6.5 percent this week and 12 percent this year. more : [link to noir.bloomberg.com] well george green in recollection of what he said,when the oil is 100 a barrel,that`s the marker for tsthtf, i`m refering to george, as most of what i watched in his camelot interviews has been correct, >>i am a arrow in the air -------->>> |
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| CrazyJarhead User ID: 1171589 United States12/22/2010 04:22 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1202610 United States12/22/2010 04:55 PM Report Abusive Post Report Copyright Violation | |
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| Anonymous Coward User ID: 1147045 United States12/22/2010 05:02 PM Report Abusive Post Report Copyright Violation | The dollar is showing amazing strength. It started when The Bernake announced 600 billion more ponzi. Oddly enough, the key measurement against the dollar suffered a big hit then. When the euro had all those debt problems. What do you folks think will happen when the dollar starts to go down? This is not good at all.... |
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| CrazyJarhead User ID: 1171589 United States12/22/2010 05:03 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 1134640 United States12/22/2010 05:06 PM Report Abusive Post Report Copyright Violation | Another important aspect. Quoting: Anonymous Coward 1147045The dollar is showing amazing strength. It started when The Bernake announced 600 billion more ponzi. Oddly enough, the key measurement against the dollar suffered a big hit then. When the euro had all those debt problems. What do you folks think will happen when the dollar starts to go down? This is not good at all.... thats what Im thinking with each injection of funny money....dollar will go down long term if Euro stabilizes even more dollar weakness so oil goes up then you have increased demand in spring/summer and lower dollar...jacking up oil and China stockpiling oil will reignite even worse credit crisis than 08 |
| Mercurius User ID: 1087913 United States12/22/2010 05:08 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1147045 United States12/22/2010 05:13 PM Report Abusive Post Report Copyright Violation | Another important aspect. Quoting: Anonymous Coward 1134640The dollar is showing amazing strength. It started when The Bernake announced 600 billion more ponzi. Oddly enough, the key measurement against the dollar suffered a big hit then. When the euro had all those debt problems. What do you folks think will happen when the dollar starts to go down? This is not good at all.... thats what Im thinking with each injection of funny money....dollar will go down long term if Euro stabilizes even more dollar weakness so oil goes up then you have increased demand in spring/summer and lower dollar...jacking up oil and China stockpiling oil will reignite even worse credit crisis than 08 Nail on the head. We will experience $4-$5 gas and the pain all over again. Surcharges on all deliveries, people dumping SUVs, news casts about old people freezing to death..... Then it will get even worse. |
| Anonymous Coward User ID: 254879 United States12/22/2010 05:17 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 1134640 United States12/22/2010 05:20 PM Report Abusive Post Report Copyright Violation | Barring a serious double dip it is going to go through Quoting: Mercurius 1087913the roof. We are near if not past peak oil, and demand is growing rapidly. peak cheap oil > its about flow rates not oil in ground that said world oil production has never surpassed its peak in 2005 we are on a bumply plateua now before the ride down Chinese demand is increasing 10 % a year while production declines are 5% a year plus exporting countries are consuming more of their own product |
| Anonymous Coward (OP) User ID: 1134640 United States12/22/2010 05:22 PM Report Abusive Post Report Copyright Violation | Another important aspect. Quoting: Anonymous Coward 1147045The dollar is showing amazing strength. It started when The Bernake announced 600 billion more ponzi. Oddly enough, the key measurement against the dollar suffered a big hit then. When the euro had all those debt problems. What do you folks think will happen when the dollar starts to go down? This is not good at all.... thats what Im thinking with each injection of funny money....dollar will go down long term if Euro stabilizes even more dollar weakness so oil goes up then you have increased demand in spring/summer and lower dollar...jacking up oil and China stockpiling oil will reignite even worse credit crisis than 08 Nail on the head. We will experience $4-$5 gas and the pain all over again. Surcharges on all deliveries, people dumping SUVs, news casts about old people freezing to death..... Then it will get even worse. what is mind numbing is watching Americans STILL buying big trucks and SUV's....so fucking stupid glad I still have Honda Civic |
| Free America User ID: 1169901 United States12/22/2010 05:23 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1030794 United States12/22/2010 05:26 PM Report Abusive Post Report Copyright Violation | |
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| Burt Gummer User ID: 989406 United States12/22/2010 05:28 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 1134640 United States12/22/2010 05:34 PM Report Abusive Post Report Copyright Violation | also China, Indonesia (now an importer), Vietnam, Thailand are now hiking labor wages 15-20 % across the board which means more disposable income to buy food and gas China sold over 18 million vehicles last year and will increase plus wage hikes means Walmart crap goes up in price so double whammy there |
| Anonymous Coward User ID: 1201329  United Kingdom12/22/2010 05:36 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1191516 United States12/22/2010 05:38 PM Report Abusive Post Report Copyright Violation | well george green in recollection of what he said,when the oil is 100 a barrel,that`s the marker for tsthtf, i`m refering to george, as most of what i watched in his camelot interviews has been correct, Quoting: from every angleOil has already gone to $140.00 a barrel after George Green's camelot interviews. |
| Anonymous Coward User ID: 1187840 United States12/22/2010 05:45 PM Report Abusive Post Report Copyright Violation | US oil supplies decreased far more than expected. [link to www.smh.com.au] |
| Ricfly52 User ID: 203277 United States12/22/2010 05:54 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1146138 United States12/22/2010 05:54 PM Report Abusive Post Report Copyright Violation | also China, Indonesia (now an importer), Vietnam, Thailand are now hiking labor wages 15-20 % across the board which means more disposable income to buy food and gas Quoting: Anonymous Coward 1134640China sold over 18 million vehicles last year and will increase plus wage hikes means Walmart crap goes up in price so double whammy there what, did the workers decide to allow Labor Unions in to negotiate wages for them??? why wouldn't they have a labor movement, America did... |
| Anonymous Coward User ID: 1203941 12/22/2010 06:03 PM Report Abusive Post Report Copyright Violation | Another important aspect. Quoting: Anonymous Coward 1147045The dollar is showing amazing strength. It started when The Bernake announced 600 billion more ponzi. Oddly enough, the key measurement against the dollar suffered a big hit then. When the euro had all those debt problems. What do you folks think will happen when the dollar starts to go down? This is not good at all.... thats what Im thinking with each injection of funny money....dollar will go down long term if Euro stabilizes even more dollar weakness so oil goes up then you have increased demand in spring/summer and lower dollar...jacking up oil and China stockpiling oil will reignite even worse credit crisis than 08 Nail on the head. We will experience $4-$5 gas and the pain all over again. Surcharges on all deliveries, people dumping SUVs, news casts about old people freezing to death..... Then it will get even worse. tru dat. Lets have a look at this now. WAKE THE FUCK UP. THE SPECULATORS ARE FUCKING US OVER. OUR GOVERNMENTS WORK FOR THE SPECULATORS. THE SPECULATORS WORK FOR THEMSELVES. We are fucked. I can not be bothered explaining this anymore.... |
| Anonymous Coward User ID: 1147083 United States12/22/2010 06:07 PM Report Abusive Post Report Copyright Violation | |
