Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: GodGunsGuts
In reality, oil is the standard "currency" for the world. Everything revolves around oil. Were you as amazed as I was when gasoline prices fell just before the Congressional elections? I thought I had seen everything. Not even close. And I'm an old geezer.

Watch energy prices very carefully this winter. The black, greasy stuff is now selling for slightly over $ 63/ bbl in Europe. In January, 2004, oil was selling for slightly over $ 30 / bbl. By the end of 2004, it was selling for over $ 39. In 2005, it went up to $ 58. Watch what is about to happen (not including Iran's recent threats to Israel). Venezuela wants OPEC to curtail production again. Chavez is going to stop exporting oil to the U.S. pretty soon. He may close down all those CITGO stations and just walk away.

The entire middle east is a tinder box. The Hezzies are looking for a match.

329 posted on 12/03/2006 11:30:48 PM PST by ex-Texan (Matthew 7: 1 - 6)
[ Post Reply | Private Reply | To 327 | View Replies ]


To: ex-Texan

You're right. According to Sinclair, the current uptrend in oil has $70-plus written all over it (the gold, silver, USD, and Euro charts are looking very interesting too!):

http://www.jsmineset.com/cwsimages/Miscfiles/3862_Charts011206-1.pdf


330 posted on 12/03/2006 11:48:56 PM PST by GodGunsGuts
[ Post Reply | Private Reply | To 329 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson