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Oil could give kiss of death to recovery
Financial Times ^ | 4/8/10 | Gregory Meyer and Michael Mackenzie

Posted on 04/08/2010 5:44:28 PM PDT by NormsRevenge

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one more shoe ,, posed and ready to drop on the necks of all those who blocked efforts to drill here in the US,, and on our economy.

If this is what leadership was and still is, may as well pack the bags now and move to Canada or Mexico or who knows and beat the rush.

1 posted on 04/08/2010 5:44:28 PM PDT by NormsRevenge
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I’d like to personally thank another Norm for voting
No to drilling Anwr when he was the 60th vote for cloture to move a coherent energy bill to a final Senate vote. He did a real bang-up job digging into the Oil-for-Food scandal too..

I hope you’re enjoying your retirement and the headed even higher energy costs.


2 posted on 04/08/2010 5:47:33 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: NormsRevenge

It’s all part of the plan to bring the United States of America to it’s knees.

Fight now, while you still can.


3 posted on 04/08/2010 5:48:05 PM PDT by fanfan (Why did they bury Barry's past?)
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To: NormsRevenge

Yes. And there is something even more fundamental. In order for a recovery of any kind to occur, the GDP must rise. The GDP cannot rise unless MORE ENERGY is BURNED, CONSUMED. MORE ELECTRONS MUST FLOW, and BTU’s, oil, refined products and natural gas and fertilizers produced. None of the current adminstrations plans and programs anticipate any of the needs or requirements for a recovery. Instead, the EPA is moving ahead with a 17% reduction of energy consumption by the US by 2020, this guaranteeing NO RECOVERY for at least 10 years.

Higher energy costs are just overkill.


4 posted on 04/08/2010 5:49:12 PM PDT by givemELL (Does Taiwan Meet the Criteria to Qualify as an "Overseas Territory of the United States"? by Richar)
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To: NormsRevenge

If inventories are up, this smells like a speculator’s bubble.


5 posted on 04/08/2010 5:49:32 PM PDT by Apercu ("A man's character is his fate" - Heraclitus)
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To: fanfan

Gee, well, I hope voters would consider this as they cast ballots to elect more Rinos to the Senate and Congre$$.. but they won’t.

about all they’re good for is doorstops..


6 posted on 04/08/2010 5:50:32 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: NormsRevenge
Recovery????

ROTFLMAO with melancholy.

7 posted on 04/08/2010 5:50:34 PM PDT by EGPWS (Trust in God, question everyone else)
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To: NormsRevenge

Oil is not the enemy. The Obama administration will continue to keep our economy on the ropes.


8 posted on 04/08/2010 5:51:17 PM PDT by mlocher (USA is a sovereign nation)
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To: NormsRevenge

What recovery?


9 posted on 04/08/2010 5:51:55 PM PDT by sport
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To: NormsRevenge
A lot of the current economic mess was caused by an oil price shock. And we are still moving in the opposite direction from what will help the economy.
10 posted on 04/08/2010 5:52:06 PM PDT by DannyTN
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To: NormsRevenge

It’s all fake. There is no demand. There is no recovery. He who holds the fake paper aka Wall St, the US gov’t, and the Fed Reserve are about to be SMACKED DOWN by the FREE MARKET. Bring back the guillotines!


11 posted on 04/08/2010 5:52:14 PM PDT by VRWC For Truth (Throw the bums out who vote yes on the bail out)
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To: fanfan

The public is more interested in NCAA ball games. Every cable and sat TV bill divides the money up to each network. Sports programming is the most profitable and it keeps CNN, CBS, NBC, MSNBC, ABC/Disney and Fox/Saudia in control. The sheep traded their liberty for TV.


12 posted on 04/08/2010 5:52:46 PM PDT by Frantzie (McCain=Obama's friend. McCain called AMERICANS against amnesty - "racists")
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To: NormsRevenge

Leftists love high oil prices. It’s gets the masses out of their cars and into third world transportation alternatives.


13 posted on 04/08/2010 5:55:09 PM PDT by Jack Hydrazine
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To: NormsRevenge

Strange title to the story, since the story itself says most experts don’t believe $100 oil will give the “kiss of death” to the recovery!


14 posted on 04/08/2010 5:55:22 PM PDT by Poundstone
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To: Frantzie

and now you can watch TV on your pocket phone/camer/MP3/incendiary device. :-)

Isn’t technology marvelous?

It frees up people so they can really keep track of what matters most to them. crap.


15 posted on 04/08/2010 5:55:50 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: Poundstone

Hey, quit reading the articles. :-)


16 posted on 04/08/2010 5:56:34 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: NormsRevenge

I thought that the Dems told us that conservation would give us immediate relief from high gas prices?


17 posted on 04/08/2010 6:01:55 PM PDT by Brilliant
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To: NormsRevenge

Recovery!?!?!?!? What recovery?!?!?!?


18 posted on 04/08/2010 6:02:26 PM PDT by Opinionated Blowhard
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To: NormsRevenge

Recovery?

Did I not get that memo?

What recovery?


19 posted on 04/08/2010 6:08:20 PM PDT by vladimir998 (Part of the Vast Catholic Conspiracy (hat tip to Kells))
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To: NormsRevenge
The latest surge seems to have been prompted by rising confidence in a global economic recovery,

Really? Is that why gold is also going up?

Gut your national currency and it takes more of it to buy real commodities. When you see real commodities going up, you should understand that your dollar is losing value.

Still, its not the end of the world. If we will do what is right there in front of us to do, which is to move toward energy independence. We have so much oil under the coastal shelf that it comes gurgling up through the ocean floor. We have as much oil shale in the intermountain west as the Saudis have oil. We send a half trillion dollars a year out of the country buying energy; spend it here, putting Americans to work, putting American companies to work, putting profits into the pockets of American investors and putting taxes and royalties into American treasuries and you will turn this economy around on a dime.

To sit with double digit inflation, and bankrupt city and state governments, homebuilders standing on street corners, carmakers hanging onto the government teat for dear life, when you have all that oil just sitting there for the taking is criminal stupidity.

Everything this government has planned is guaranteed not to reduce our use of OPEC oil by even a gallon. Everything they do will be guaranteed to protect OPEC while our most productive people are standing in the unemployment lines. The solution is simple, though. You just have to go over the top of the "deniers", the ones who won't let you drill, won't let you mine, won't let you refine, and won't let you dig. They'll be happy to punish you with a tax and sell you an offset, but buy your product from OPEC, thank you.

20 posted on 04/08/2010 6:10:54 PM PDT by marron
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