Price of oil DROPS!!
Posted July 8th, 2008 by daughter4liberty
output
But probably not for long!!
Fears that a fresh conflict in the Middle East could cut oil supplies eased over the weekend.
Iranian state media reported Friday that EU foreign policy chief Javier Solana and Iran's top nuclear negotiator have agreed to the latest in a series of talks during the second half of July over Iran's nuclear program and the enrichment of uranium.
"The Iranian situation turned confrontational last week which raised valid concerns in the oil market (over a possible attack). Now that seems less likely and this is a positive development," said John Vautrain, an analyst with Purvin & Gertz in Singapore.
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I made a post earlier
Fortune Favors the Bold
suggesting that the oil is deliberately being bid higher by financial powers so as to maintain the dollar bubble. I
A little off subject
but not really as it is all tied in together. The world market does not look so good right now. Hong Kong down -747.65. Japan -330. Will be interesting to see what happens tomorrow with stocks, oil, dollar and gold.
what percentages are those?
Fortune Favors the Bold
of the total markets?
Fear not!!! The doom is
Fear not!!! The doom is upon us and the gloom follows. The G8 summit will produce exactly what they want... "We will save the dollar" then when they have exited thier positions... your screwed... Wondering why the rise in the market last monday? The quarterly reports were due and the PPT had to ensure that good numbers were being mailed in order to prevent a mass exit from the retirement funds. My suggestion? your a fool to not have at least 20% in metals.. metals in your house, not paper. I have come to the conclusion that if you cannot afford to live on your stocks being at the level of 1985, you need to get out and get out now. IMHO, that will be the time to buy. But what do I know? hehehehee... more than you think is all I will say.
Tim
The level of 1985? GM is,
The level of 1985? GM is, or was, recently at their lowest since the early 1950s!!! Anyhow, let's think positive and once the market tanks we can sell our metals and buy up everything on the cheap, before "the powers that be" do it first.
P.S. .... oil to 185 pb by
P.S. .... oil to 185 pb by 10 Sept 08
Tim
I say $200 oil by November.
I say $200 oil by November. Gold up to $1300, silver up to $25.
$200 by mid-December....$150
$200 by mid-December....$150 by August 1.
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Support the Constitution of the United States
I'm still waiting for that
I'm still waiting for that $70 oil of Jzneff's ---- and waiting ---- and waiting -----
That is the current
That is the current price....in some other dimension....
Tim
Oh, he forgot to say: that
Oh, he forgot to say: that was the price in 1982 dollars!
Yen Carry Trade
There was a massive unwinding of the Yen Carry Trade. Just about everything was down - a lot. Industrials, financials, commodities, energy, service sector - you name it. The only exception was the tech sector, which was virtually unchanged.
Are people not driving
Are people not driving anywhere anymore? Is this causing deflation? Just China is buying a billion barrels a day alone. It seems demand is still high.
I would think it's still a little early for that, but
considering that the economy seems to be slowing down, I'd think that the demand would eventually decline. In fact, with the aging of the U.S. population, I think that the naturally driven demand especially by baby boomers has been in decline, but the Fed has been goosing up the demand by inflation, in my opinion. In other words, the Fed has been fighting declining demand, in my opinion. I think that the Fed has been willing to do so because the debt based money system needs continous expansion. But, I am not sure for how long the Fed will be willing because this is a losing battle anyway, as far as I can see. In the end, the demand for general goods and services is likely to collapse, in my opinion. When and if this happens, I would think it's not wise to be in oil and other commodities. I do not have confidence in silver and gold either if and when this happens.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters."
Benjamin Franklin
in my opinion, GREELY
in my opinion in my opinion in my opinion in my opinion in my opinion in my opinionin my opinion in my opinion in my opinionin my opinion in my opinion in my opinionin my opinion in my opinion in my opinionin my opinion in my opinion in my opinionin my opinion in my opinion in my opinionin my opinion in my opinion in my opinionin my opinion in my opinion in my opinionin my opinion in my opinion in my opinionin my opinion in my opinion in my opinionin my opinion in my opinion in my opinionin my opinion in my opinion in my opinionin my opinion in my opinion in my opinion.
That's a new record for one post GREED.
You don't have confidence in gold and silver but the Chinese, Russians, and Indians do -- they are betting against you G. Interesting, don't ya think?
Lisa, that is so mean! In
Lisa, that is so mean! In my opinion.
LOL!!! That's just crazy
LOL!!! That's just crazy that China is allowed to buy a billion barrels of oil a day, and only about 70 million barrels a day come out of the ground worldwide!!! They really shouldn't be allowed to do this!
How much did it drop? 3
How much did it drop? 3 percent or so? Oil is up 50% in just the past 6 months alone. The price of oil dropping has a long way to go in order for it to be meaningful.
IMO, oil will not drop all that much. We'll probably be looking at $5+ gas by the end of the summer...
The dollar rallies!
We can drop this revolution stuff.
It's all good now.
Is that the same as "fixed"?
___________
Lisa C.
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