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Who, How and Why: $140 Oil and $5 Gas
OilPrice.com ^ | 13/01/2011 | Llewellyn King

Posted on 01/13/2011 11:48:03 AM PST by bananaman22

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1 posted on 01/13/2011 11:48:07 AM PST by bananaman22
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To: bananaman22

It’s already $3.39 here.


2 posted on 01/13/2011 11:50:55 AM PST by ez ("Abashed the devil stood and felt how awful goodness is." - Milton, Paradise Lost)
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To: bananaman22
...meanwhile, demand continues downward trend (refinery near me just idled).

While in Philly the other day it seemed like every 100% car was a Prius, is it like that around you?

3 posted on 01/13/2011 11:51:43 AM PST by de.rm (Bang, bang, . . bang. Shhh=Bush, the elder, E. Howard Hunt, LBJ, Mrs, Edgar Hoover)
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To: bananaman22

Will 5$ a gallon wake Americans up? Hell now. At least 1/3 of Americans are brain dead and will stumble all over themselves in a stupor and bitch but will have no idea they caused it.


4 posted on 01/13/2011 11:52:58 AM PST by Logical me
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To: bananaman22

If gas climbs to $4 a gallon again, the economy will collapse again.


5 posted on 01/13/2011 11:53:07 AM PST by DangerZone
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To: ez

3.49 here


6 posted on 01/13/2011 11:53:59 AM PST by Chattering Class of 58
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To: bananaman22
Environmentalists have long advocated European-style taxation to drive motorists out of their cars and onto buses and trains.

There are no buses or trains within 200 miles of my rural location. Guess they'll have to send me to a relocation camp.

7 posted on 01/13/2011 11:54:35 AM PST by Inyo-Mono (Had God not driven man from the Garden of Eden the Sierra Club surely would have.)
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To: bananaman22

The sun does not rise, it appears to rise.

The price of oil is not rising, it appears to be rising.

The truth is that Barry, Tim and Ben are devaluing the dollar.
When will people get that they are stealing from all of us in every transaction?


8 posted on 01/13/2011 11:56:15 AM PST by updatedscreenname
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To: bananaman22
I foresee $10 per gallon gas by November of 2012.

And it will be Bush's fault.

9 posted on 01/13/2011 11:56:21 AM PST by E. Pluribus Unum ("If they bring a knife to the fight, we bring a gun." -- Barry Soetoro, June 11, 2008)
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To: de.rm
Sorry, every 100th car seemed to be a Prius(they have a car-share club there that uses them).

I wonder how they will handle pricing in the battery replacement, those high use units will prolly have battery issues earlier than usual).

Btw- what do you do with used up Nickel Metal Hydride's?

10 posted on 01/13/2011 11:57:00 AM PST by de.rm (Bang, bang, . . bang. Shhh=Bush, the elder, E. Howard Hunt, LBJ, Mrs, Edgar Hoover)
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To: bananaman22

With demand for oil increasing in China and India as well as the US, the price of oil will continue to increase as will drilling in the United States.

However, I’m not sure about the $149 oil, but $110 or 120 dollar oil is very likely unless there is some great negative impact on the world’s demand for oil.

Increased oil prices will simply mean that the world’s economy is improving.


11 posted on 01/13/2011 11:58:14 AM PST by trumandogz
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To: bananaman22
High gas prices are Sarah's ace in the hole. She is very knowledgeable on energy matters and how to make America energy independent and will make Barry cry out for his Mommy.
12 posted on 01/13/2011 12:02:30 PM PST by JPG (YES SHE CAN!)
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To: bananaman22

The left WANT gas at 5 bucks a gallon. 5 buck a gallon will cause food prices to skyrocket.

This gives the left cover they need to demonize big energy as greedy and food companies as stingy.

The media will play the ‘we need government’ card to demand that American’s right to food is an entitlement much like the left have done with health care and housing.

Control food and you control the population.

Remember, EVERYTHING the left does is in increments with the ultimate goal of not just controlling the country but mostly depopulation.


13 posted on 01/13/2011 12:05:15 PM PST by Le Chien Rouge
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To: trumandogz
Increased oil prices will simply mean that the world’s economy is improving.

If price were driven only by demand, that would be true. Price increases due to cuts in supply are more problematic, particularly in a down economy.

14 posted on 01/13/2011 12:05:36 PM PST by gundog (Help us, Nairobi-Wan Kenobi...you're our only hope.)
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To: ez

$3.59 for shell premium in CA since xmas.


15 posted on 01/13/2011 12:08:04 PM PST by Always Independent
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To: Inyo-Mono

You bet, that’s the plan. Here in the West there’s been a war on rural America for 15 years or so.


16 posted on 01/13/2011 12:18:06 PM PST by bigfootbob
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To: bananaman22
the price of oil in the United States will begin to climb to $4 a gallon<

that's $220 a barrel

17 posted on 01/13/2011 12:21:26 PM PST by drypowder
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To: gundog

Cuts in the supply are typically of a very short duration, while increase in demand is long term.

And with the predicted increase in demand and increase in the price of oil, we have seen the number or drilling rigs greatly increase over the last year.


18 posted on 01/13/2011 12:23:34 PM PST by trumandogz
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To: bananaman22
When Obambi was on the campaign trail he stated that he wanted to see $5 per gallon gas.

He and his henchmen are doing what is necessary to make sure that happens. He meant what he said and yet the idiots voted for him anyway.

19 posted on 01/13/2011 12:24:14 PM PST by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
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To: de.rm

When you print money, and your currency is tied the price of a commodity guess what, the cost goes up... That being said, its still overpriced due to speculation and churning of contracts etc.. but that’s another story.


20 posted on 01/13/2011 12:27:41 PM PST by HamiltonJay
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