How do you barter oil with your own benchmark?
“I’ll give you a barrel of oil for fifty dollars worth of S’Mores.”
“What? Oil is only worth thirty dollars a barrel. I’d lose twenty bucks a pop.”
“That’s okay. You can make up for it on volume.”
“Okay.”
Will the oil glut be the knockout blow for American drilling?
Petro Ping.
How did two American navy boats “drift” into Iranian waters? TWO BOATS HAD MOTOR FAILURES? GPS FAILURES? With the US navy watching ALL THE TIME WITH RADIOS TO CALL THEM? Will someone please tell us? What actually happened? Just ask the commander and let us know what he was “sorry” for. .
Anyone recall the book: Crash of 79. One quote from the book is: I had a sinking feeling when someone in a tent in the desert could threaten to take down the western monetary system. Paul Erdman was the writer who was an excellent writer of financial fiction, er, close to reality.
Iran will be flooding the market next week with oil at whatever price they can get for it. Anything to prop up their worldwide jihad plans. Thanks Obama. Thanks UN.