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Discussion Starter #1
Oil is at 102 bucks today "with all the unrest in egypt, so they say".

Think there will be a new record high this summer? Even with our weak economy I think there is a strong chance that we will see record highs and they will last for a longer duration this time around......

I'm thinking: YES
 

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A Fine Example For Others
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Yep, I see somewhere between $128.00 and $136.00 a barrel. People have to be kidding themselves if they think the oil companies won't recoupe their loses from the most recent oil spills.
 

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i think its going to be a rough summer at the pump, no extra driving this year
 

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Yep, I see somewhere between $128.00 and $136.00 a barrel. People have to be kidding themselves if they think the oil companies won't recoupe their loses from the most recent oil spills.

Bingo
 

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Doesn't matter whom you blame....They all fuct us one way or another...Oil is just commen denominator.
 

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El-conquistador, sir
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Its another good excuse to rape the lower people and cash in on it. Has nothing to do with the uprising, has to do with a good excuse to blame it on doing it. Thats alright we will just sit back and keep taking it.
 

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A Fine Example For Others
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Wake up people......certain commodities in life are a MUST HAVE, such as food, oil, cotton, and communications. Those commodities don't yield a very high return, but they are a reliable consistent return.

Invest wisely ;)
 

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Idiot Savant
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Gas inventories are up....oil inventories are up.

Having said that...the current...and the past several Presidents...are hobbling America's ability to produce oil. The last idiot dropped us from 10% to 7%. This idiot has knocked another point off of that.

Our "energy policy" is serving to weaken the Nation. And it is doing a good job.
 

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.

Take a couple minutes to read all of this and go to the government link at the bottom to verify.



Subject : OIL---you better be sitting down when you read this !



WHY AREN'T WE ALL SCREAMING OUR HEADS OFF LIKE HAPPENED IN THE BUSH ADMINISTRATION WHEN GAS WENT OVER [email protected]?





You "will" pay $5 a gallon + again, and you won't complain loud enough to make a difference, RIGHT!




Here's an astonishing read. Important and verifiable information :


About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest. The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer; how much oil does the U.S. have in the ground?" Forbes did not miss a beat, he said, "more than all the Middle East put together."


Please read below.

The U. S. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since 1995) on how much oil was in this area of the western 2/3 of North Dakota, western South Dakota, and extreme eastern Montana ..... check THIS out:

The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable... at $107 a barrel, we're looking at a resource base worth more than $5...3 trillion.


"When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea.." says Terry Johnson, the Montana Legislature's financial analyst.


"This sizable find is now the highest-producing onshore oil field found in the past 56 years," reportsThe Pittsburgh Post Gazette. It's a formation known as the Williston Basin , but is more commonly referred to as the 'Bakken.' It stretches from Northern Montana , through North Dakota and into Canada . For years, U. S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves..... and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!


That's enough crude to fully fuel the American economy for 2041 years straight. And if THAT didn't throw you on the floor, then this next one should - because it's from 2006!


U.. S. Oil Discovery- Largest Reserve in the World


Stansberry Report Online - 4/20/2006


Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off-shore drilling?


They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth.. Here are the official estimates:

- 8-times as much oil as Saudi Arabia


- 18-times as much oil as Iraq


- 21-times as much oil as Kuwait


- 22-times as much oil as Iran


- 500-times as much oil as Yemen


- and it's all right here in the Western United States .


HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy.....WHY?

James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.




Don't think 'OPEC' will drop its price - even with this find? Think again! It's all about the competitive marketplace, - it has to. Think OPEC just might be funding the environmentalists?






 

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This has to do with the money printed by government to get us out of the recession, and fractional reserve banking. A bank takes your deposit and loans it out x 10. So a banker can loan 1000 dollars on a 100 dollar base. When banks don't loan money out the money supply contracts and you get a recession. To thwart this the gov printed money, and now, with banks lending again you get hyperinflation.
 

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Yellowbullet Overlord
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This has to do with the money printed by government to get us out of the recession, and fractional reserve banking. A bank takes your deposit and loans it out x 10. So a banker can loan 1000 dollars on a 100 dollar base. When banks don't loan money out the money supply contracts and you get a recession. To thwart this the gov printed money, and now, with banks lending again you get hyperinflation.
The Creature From Jekyll Island.

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A Fine Example For Others
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Gas inventories are up....oil inventories are up.

Having said that...the current...and the past several Presidents...are hobbling America's ability to produce oil. The last idiot dropped us from 10% to 7%. This idiot has knocked another point off of that.

Our "energy policy" is serving to weaken the Nation. And it is doing a good job.
I disagree with what's in bold. Our energy policy when kicked into full gear will put America once again in the drivers seat as a world leader. We have held that position as a manufacturing leader, Industrail leader, and Technology leader.

Energy will govern the work force for the next 15 to 20 years. Mark my words.
 

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Aren't You Ready For Change!

Lol! what a joke
 
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