(It won't last ......)
Posted on 03/17/2008 10:45:00 PM PDT by TigerLikesRooster
I really wish some sound-bite savvy Republican should start blaming our high prices for gasoline on the “Democrats’ failed energy policy”.
Most Americans know that we pay waaaaay too much for oil because OPEC controls the oil spigot. Why have we given OPEC that much power over us?
Because DEMOCRATS (and few “soft” Republicans, like Shays of CT) have stymied the new oil-drilling and the new nuclear-power plants that would restore America’s historic energy indpendence.
It leads one to wonder if the the main reason Democrats are so opposed to “eavesdropping” on foreigh phonecalls might be that Democrats fear that the bribes they have taken from our Arab “friends” to block American energy independence might be exposed.
The Fed Rate isn’t tied to mortgage interest,the bond rate is.Actually,mortgage interest rates rose slightly since last month,so ya did good.
Don’t blame this squarely on the Dems.Republicans were in charge for many years and did nothing as well.It’s fun to blame them,but it isn’t simply just because of Democrats.
Don't you remember? During the Xlinton years! Everything was so rosy and perfect, it was utopia I tell ya!
Think he$$...I’m seeing it to those I know!
2) My bet would be that most hedge fund managers were diversified since that they would need cash quickly upon routine marginal calls. Figuring that, they wouldn't just have bare minimum of cash in an account to cover, they'd have it somewhere in some commodity for the long ride and could sell if needed.
3) These strategies being different between individual fund managers and their positions.
4)Therefore, with China's and India's blistering growth in their respective economies, metals, oil, and food are/were the long bets.
4)Now, were going to see less demand in the US for imports; already we're seeing it in oil as stagflation marches into the picture.
The fund managers know oil will peak soon, they're going to peel off some of the long positions and most likely move towards gold in the short term with an ounce maybe reaching $1500.
6)The US economy will slow even more until our election and the world will follow.7)Salaries, here, for the average worker will struggle in the near term until the economy picks back up in 3rd/4th qtr in 2009 with salaries on the rise.
8)All just my take really based upon Iraq's oil output coming on line (doubling) with no serious problems coming out of the ME.
For once I want to see Bernake tell Wall St. to go screw and “only” cut 0.5%.
Too True.
This is the chance to start.
You would think someone in the drive-by media would blow that horn.
I am disapointed that no one on FOX has figured it out anf started to rail on the pols. It would make some good interview material.
I agree with all your points except Iraq oil doubling. This will take a while. My wild guess is it is three years away at best. Iraq is pumping 2.4 million barrels per day and don’t forget our military must be using a lot of it
Thanks much for expanding on your ideas!
Laying new pipelines next to existing pipelines and adding new pumps will not be that difficult.
Putting in completely new supply lines will take the longer.
Most oil companies have already been working on the plans to bid on various parts of the pie, plans, people, materials, equipment, housing, security.
It's now just getting the Iraq power brokers greased and getting the contracts signed.
One thing about those in that part of the world...it's a haggling game...the Arabs, Indians, Persians, Asians all of them...it's part of their culture.
(It won't last ......)
Goldbug sells physical assets for fiat money?
?
yitbos
I hope so!
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