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Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone

 
Frankenstein
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11/16/2011 09:20 AM
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Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
WTI over $100 for first time since July... The market forecast now is global meltdown with chance of QE3: 85/95%.

[link to www.zerohedge.com]

Last Edited by Frankenstein on 11/16/2011 09:20 AM
Frankenstein (OP)

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11/16/2011 09:22 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
We'll keep our eye on this... now $101. Just when i was getting used to $50 for a tank of reg unleaded in the Buick.

Last Edited by Frankenstein on 11/16/2011 09:24 AM
Anonymous Coward
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11/16/2011 09:25 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
Does this mean were going to war?(with iran)
Anonymous Coward
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11/16/2011 09:26 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
We'll keep our eye on this... now $101
 Quoting: Frankenstein


Makes no difference in the UK.

Oil has been down for months and over here petrol prices havent dropped at all. The energy companies are making bigger than ever profits, all in the middle of a recesion.

I wonder who bank rolled the conservatives at the last election ?
Frankenstein (OP)

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11/16/2011 09:26 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
now approaching 102...
Face Palmer
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11/16/2011 09:26 AM

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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
Does this mean were going to war?(with iran)
 Quoting: Anonymous Coward 3842950


Probably means you will be going instead of driving.
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.
Frankenstein (OP)

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11/16/2011 09:27 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
Does this mean were going to war?(with iran)
 Quoting: Anonymous Coward 3842950


Yeah, i think it does... but i thought we were anyway but now perhaps this is an indication sooner than i expected
Anonymous Coward
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11/16/2011 09:29 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
We'll keep our eye on this... now $101. Just when i was getting used to $50 for a tank of reg unleaded in the Buick.
 Quoting: Frankenstein


Lucky you.

In the UK its around $105 to fill the average car up with fuel.

whatever
Anonymous Coward
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11/16/2011 09:31 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
Just print $1 trillion in GDP and things will be all better!!
Frankenstein (OP)

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11/16/2011 09:41 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
We'll keep our eye on this... now $101. Just when i was getting used to $50 for a tank of reg unleaded in the Buick.
 Quoting: Frankenstein


Lucky you.

In the UK its around $105 to fill the average car up with fuel.

whatever
 Quoting: Anonymous Coward 5484538


well, tell the queen to take over some mid east country and install a puppet regime... rape the resources...
Frankenstein (OP)

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11/16/2011 10:10 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
Wow... a pin. Thanks. Haven't had one of those in a long time.

Oil +$1.89... $102.05

Last Edited by Frankenstein on 11/16/2011 10:17 AM
Frankenstein (OP)

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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
France's ambassador to Syria has been ordered back to France. Indications of hostilities to begin? perhaps... here's the release from ZeroHedge

"The ministry declined immediate comment. France, Syria's former colonial ruler, has been increasingly critical of Assad's regime in recent weeks, urging him to step down, pressing for tough international sanctions, and meeting with opposition figures." If this is indeed an indication that a Syrian "liberation" is imminent look for other ambassadors to be quietly pulled. Also, look for Iran to mobilize as any invasion or air campaign against Syria will be perceive as an assault on Iran itself. Or look for "offensive" action by Syria to invoke "retaliation." That would be precisely the false flag that the anti-Iran lobby needs to send WTI into the stratosphere".
Anonymous Coward
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11/16/2011 10:28 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
Does this mean were going to war?(with iran)
 Quoting: Anonymous Coward 3842950


DING DING DING!

We have a winner.
cremefraiche

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11/16/2011 10:33 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
AAAAAAND ITS GONE!


Anonymous Coward
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11/16/2011 10:38 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
Remember last time this happened, Iraq was bombed.
Frankenstein (OP)

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11/16/2011 10:40 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
AAAAAAND ITS GONE!



 Quoting: cremefraiche


that's funny stuff... good one
Frankenstein (OP)

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11/16/2011 10:42 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
Remember last time this happened, Iraq was bombed.
 Quoting: Anonymous Coward 1199095


Seems to fit... From AP
If this is indeed an indication that a Syrian "liberation" is imminent look for other ambassadors to be quietly pulled. Also, look for Iran to mobilize as any invasion or air campaign against Syria will be perceive as an assault on Iran itself. Or look for "offensive" action by Syria to invoke "retaliation." That would be precisely the false flag that the anti-Iran lobby needs to send WTI into the stratosphere.

[link to hosted.ap.org]

Last Edited by Frankenstein on 11/16/2011 10:42 AM
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11/16/2011 10:45 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
You guys know Zerohedge sucks giant fucking dick, right?

I doubt it will climb any higher
Frankenstein (OP)

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11/16/2011 10:51 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
You guys know Zerohedge sucks giant fucking dick, right?

I doubt it will climb any higher
 Quoting: Anonymous Coward 3290575


Really? ZH? Duh... never heard THAT before. What's your point?

Last Edited by Frankenstein on 11/16/2011 10:51 AM
Corvus
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11/16/2011 10:57 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
I am not suprised.There is a global decline in oil supllies because oil reserves are declining and now it costs too much energy to extract profitable oil.

If a war breaks up it will make things worse.It is obvious that oil prices will skyrocket as it costs too much oil to support a war.

This is it folks!Peak Oil is real.When global oil extraction cant supply the increasing demand we will enter into a state that called 'oil crunch'.This will bring end of the industrial civilization.Peak oil will stop this madness called technological society before everything else.

[link to www.oil-price.net]
Anonymous Coward
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11/16/2011 10:59 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
You guys know Zerohedge sucks giant fucking dick, right?

I doubt it will climb any higher
 Quoting: Anonymous Coward 3290575


Really? ZH? Duh... never heard THAT before. What's your point?
 Quoting: Frankenstein


ZH got added to cointelpro target list recently. Get use to it.
Mr. Toppit

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11/16/2011 11:01 AM

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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
Is China still stockpiling oil in case of war...? Oh wait, its only the US that does that.

Sure they will cut $500 billion out of the War Dept. budget.

Senators Delay Fudge and Obfuscate will soon form a committee to investigate.
Pangn

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11/16/2011 11:01 AM

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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
Don't get your panties in a wad

War with Iran is a little more serious than paying a couple extra bucks per barrel

Get real
Pangn

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11/16/2011 11:03 AM

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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
I am not suprised.There is a global decline in oil supllies because oil reserves are declining and now it costs too much energy to extract profitable oil.

If a war breaks up it will make things worse.It is obvious that oil prices will skyrocket as it costs too much oil to support a war.

This is it folks!Peak Oil is real.When global oil extraction cant supply the increasing demand we will enter into a state that called 'oil crunch'.This will bring end of the industrial civilization.Peak oil will stop this madness called technological society before everything else.

[link to www.oil-price.net]
 Quoting: Corvus 5493401


Ohhh, you didn't get the memo where TPTB already has the technology to run cars off resources like wood, water, and solar? They're making their money off this resource while it lasts, so they can hold the monopoly when the new resources start being used.

afro
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11/16/2011 11:04 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
Just print $1 trillion in GDP and things will be all better!!
 Quoting: Anonymous Coward 5069672


That would make your precious money less valuable teehee
Anonymous Coward
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11/16/2011 11:07 AM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
according to local news, they closed a refinery in PA and are trying to sell it. that's not good. local news also said to expect $4.50 a gallon by early next summer.
Seer777
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11/16/2011 11:58 AM

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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
We'll keep our eye on this... now $101. Just when i was getting used to $50 for a tank of reg unleaded in the Buick.
 Quoting: Frankenstein


Lucky you.

In the UK its around $105 to fill the average car up with fuel.

whatever
 Quoting: Anonymous Coward 5484538


holy shit
Difficulties strengthen the Mind as labor does the body...
~Seneca
Anonymous Coward
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11/16/2011 12:02 PM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
Why is everybody afraid of fucking Iran. If memory serves me right Iran couldn't kick Iraq's ass in eight years.

Fuck Iran and that Jewish state israel.
Anonymous Coward
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11/16/2011 12:09 PM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
Remember last time this happened, Iraq was bombed.
 Quoting: Anonymous Coward 1199095


Seems to fit... From AP
If this is indeed an indication that a Syrian "liberation" is imminent look for other ambassadors to be quietly pulled. Also, look for Iran to mobilize as any invasion or air campaign against Syria will be perceive as an assault on Iran itself. Or look for "offensive" action by Syria to invoke "retaliation." That would be precisely the false flag that the anti-Iran lobby needs to send WTI into the stratosphere.

[link to hosted.ap.org]
 Quoting: Frankenstein



look for Iran to mobilize as any invasion or air campaign against Syria will be perceive as an assault on Iran itself


thats so fucking funny.. a country that cant make it's own gas is going to stand up against nato... you made me fucking laugh.. they wont do a damn thing except thand there and get thier ass kicked.
CrazyMama73

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11/16/2011 12:12 PM

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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
We'll keep our eye on this... now $101. Just when i was getting used to $50 for a tank of reg unleaded in the Buick.
 Quoting: Frankenstein


Lucky you.

In the UK its around $105 to fill the average car up with fuel.

whatever
 Quoting: Anonymous Coward 5484538



Yeah. $90- $100 to fill my sexy Dodge Caravan Minivan
CrazyMama73
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11/16/2011 12:16 PM
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Re: Here we go again... Crude Oil over $100... $200 bil in GDP...POOF... gone
Does this mean were going to war?(with iran)
 Quoting: Anonymous Coward 3842950


Yeah, i think it does... but i thought we were anyway but now perhaps this is an indication sooner than i expected
 Quoting: Frankenstein


ROFLMAO......yea we are going to war with Iran...Keep on believing that.....

Canada pipeline firms sprint to end U.S. oil glut

"The companies are racing to unlock a glut of crude in the U.S. Midwest, which has built up over the year due to rising supplies from Canada and North Dakota. They aim to ship it to the Gulf Coast where it will fetch a hefty premium. Doing so will rob mid-continent refiners of cheap crude, but help producers achieve a higher price for their output.

Oil traders reacted swiftly to the news. U.S. crude surged by nearly $2 a barrel while Brent crude remained $1 lower -- narrowing the so-called Brent/WTI spread to below $10 a barrel for the first time since April."

News








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