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

To: TigerLikesRooster; ex-Texan
Read this brief article from Down Under. Beach Petroleum's Chairman Bob Kennedy stated the follow in Mid-March and we are only $15 devaluing US dollars from his projected $130 clams a barrel.

Oil tipped to reach $US130 a barrel

10 posted on 04/16/2008 5:34:29 AM PDT by M. Espinola (Freedom is not 'free'.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: M. Espinola
That's the plan. Question is how many off shore hedge fund managers are going to get cold feet just before that? When they dump the oil futures, it will bust faster than the housing market.

Now.

Just what is going to drive the American 'service sector' economy?

It will not be manufacturing because people have over burdened themselves with credit and the money isn't there to borrow neither.

As the sub-prime over building / over-priced housing market banking sucked a big wad from the economy with a lot of it going south of the border for all the illegal Hispanic labor and fat bonuses to execs that have bankrupted their companies.

It's just a well orchestrated Ponzi scheme to force shamnesty down our throats by the whores on The Hill.

14 posted on 04/16/2008 5:54:09 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
[ Post Reply | Private Reply | To 10 | 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