Posted on 04/22/2008 5:41:47 AM PDT by thackney
Speculators strike again.
Alaska...North Dakota....Bueller?
I repeat an old tagline: ANWR would look good in pumps.
Wonderful.......... Our country could use a Ronald Reagan to get us out of this mess right now. Too bad we only have three Senators that are all Stooges. A new party needs to come up and fast. I can’t take the weak a$$ leadership our country has from two sell out parties.
$120 by Friday close......
Along with Anwar, we need to drill here off the Mississippi Gulf coast. Add Florida. Two Republican governors oppose drilling,Barbour and Crist along with a MS Democrat Congressman Taylor.
We have to drill everywhere we know and add more nuclear.
Don’t expect help from GOP morons Grassley, Bond or Lugar. They’re bought and paid for by ADM and the corn lobby.
Plenty in ANWR
$120.00 = Bet on it!
And THAT makes crude go up 3-4 bucks??? A lousy couple of hundred gallons of gas?
Yep, and if President Clinton had not vetoed ANWR, it would be flowing oil today.
Of course the excuse then was it would take 10 years to start production. That was about 12 years ago.
When it starts to go it's going to be a looooong slide down.
There are articles appearing here and there warning that oil is in a price bubble. Yet, there are those insisting that “this time it’s different.” I consider these first article to be leading edge indicators.
A couple of years ago the first warnings came out about the housing bubble. Those articles were ignored. Now, the area where I live, houses that were easily selling for $300,000 sit for months priced under $200,000.
Looks to me like Oil is about to do the same.
Well let's see, we've had the tech bubble, and when that ended people moved their money into real estate, causing a bubble there. Then that ended, and now the oil futures market is climbing out of site, unsupported by fundamentals. . .
It seems to me that people keep moving their money into the next thing every time a bubble bursts, so assuming you are right and the oil futures bubble is near its end, where is that money likely to go? Is it going to be lost, or moved into the next thing to create a new bubble, and if so, where? If you guess right, you could make a fortune.
Think of it as "Super-delegate" gas.
It’s easy for me to look at what has happened historically and say with fair confidence what is going to happen. (btw, I’d forgotten about the tech bubble, thanks for the reminder) However, I just don’t know anything about the commodities market and think I’d have a better chance making money in Las Vegas.
Auto sales in China are booming, with analysts and automakers forecasting growth at 15-20 percent this year. But demand for the biggest vehicles is even stronger, with sales of luxury cars and SUVs expected to surge by 40-45 percent.
Buyers of land yachts have also been unintended beneficiaries of a government policy meant to help the poor. Beijing has tried to shield farmers and the urban poor from high oil prices by freezing pump prices for gasoline and diesel, keeping them among the world's lowest. That takes the sting out of filling up a gas guzzler.
Hmm, so, how is China subsidizing the cost of gasoline?
They can’t buy high and sell low. At some point it will catch up to them.
It isn’t going to be pretty when the Chinese market crashes.
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