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Saudi Arabia On March 11 Send The Price Of Oil Into Unprecedented Territory?
The Economic Collapse ^ | 03/09/2011 | Michael Snyder

Posted on 03/09/2011 12:07:39 PM PST by SeekAndFind

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1 posted on 03/09/2011 12:07:41 PM PST by SeekAndFind
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To: SeekAndFind

Yes it will......probably closer to the $200 mark.....many people are betting on this to happening


2 posted on 03/09/2011 12:09:49 PM PST by Bigtigermike
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To: SeekAndFind

I’ll promise not to “rage” if the king sends me enough money.


3 posted on 03/09/2011 12:13:02 PM PST by junta (S.C.U.M. = State Controlled Unreliable Media)
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To: SeekAndFind

Take em out - take out the Saudi royals aka House of Saud.

Let oil get to $200 a barrell. The USA has 4 times the saudis reserves in oil. Maybe the american pubic will turn off Obama Tv and wake up. I am not holding my breath.


4 posted on 03/09/2011 12:15:26 PM PST by Frantzie (HD TV - Total Brain-washing now in High Def. 3-D Coming soon)
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To: SeekAndFind

Thanks for the reminder to top off my gastank tonight on the way home. I’m betting that gas prices will jump at least another 10 cents a gallon overnight.


5 posted on 03/09/2011 12:19:02 PM PST by OB1kNOb (Islam is like termites. They get access through your weakest point and then cause great destruction.)
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To: OB1kNOb
If “Day of Rage” fizzles, crude will drop past $95. If there is a lot of trouble, count on $125 in a week.
6 posted on 03/09/2011 12:21:31 PM PST by Eric in the Ozarks (Go Hawks !)
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To: Bigtigermike

RE: Yes it will......probably closer to the $200 mark.....many people are betting on this to happening


WEll, if this is so, better buy the Crude Oil ETF now. No sense in becoming a victim when you can make money out of this. I’m logging on to Scottrade now...


7 posted on 03/09/2011 12:24:19 PM PST by SeekAndFind
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To: SeekAndFind

For example, in Saudi Arabia the practice of any religion other than Islam is strictly forbidden. By law, citizens of Saudi Arabia are not permitted to change religion. Even foreign visitors are forbidden to openly practice any other religion. It is a whole different world. You cannot go to the store and buy a Bible in Saudi Arabia. In fact, if you try to pass out Bibles in Saudi Arabia you will be thrown into prison.

Beheadings and other brutal public executions still happen in Saudi Arabia to this day.

So if you plan of being a revolutionary in Saudi Arabia you had better put your big boy pants on, because the Saudis play hardball.


And big girl panties too - especially big girl panties.


8 posted on 03/09/2011 12:24:51 PM PST by 2 Kool 2 Be 4-Gotten (Welcome to the USA - where every day is Backwards Day!)
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To: Eric in the Ozarks

I say ****** bring it on. Our kids are over there getting killed mainly to keep the Shia and Sunni from killing each other.

We have the energy here and offshore. Sadly the house of saud controls the w**te hut. Bring it on.

The best way to deal with Islam is let the Sunni and Shia fight each other to the death and get out of the way. They will keep shipping oil. F em.


9 posted on 03/09/2011 12:25:57 PM PST by Frantzie (HD TV - Total Brain-washing now in High Def. 3-D Coming soon)
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To: Frantzie
It's a world market. A blip in Saudi begets a ping in Cushing.
10 posted on 03/09/2011 12:28:31 PM PST by Eric in the Ozarks (Go Hawks !)
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To: Frantzie
Actually, if we play our cards right, we can start a price war on that oil. Whomever lowers the price enough sells more oil and in turn, gets to buy arms with which to kill their opponent. Win/win for us.
11 posted on 03/09/2011 12:32:09 PM PST by liberalh8ter
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To: Eric in the Ozarks
If “Day of Rage” fizzles,

I'm hoping it turns out to be just a "Day of Frumpiness". ;-)

12 posted on 03/09/2011 12:33:24 PM PST by OB1kNOb (Islam is like termites. They get access through your weakest point and then cause great destruction.)
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To: SeekAndFind

Attack on Iraq pipeline halt oil exports...

A government spokesman says a bomb has hit Iraq’s largest oil pipeline, halting exports to Turkey in an insurgent strike that could lead to millions of dollars in losses.

Oil Ministry spokesman Asim Jihad said gunmen planted the bomb on the Beiji pipeline Wednesday evening near the town of Shurqat, 155 miles (250 kilometers) northwest of Baghdad.

Jihad said the blast stopped the oil from being pumped, and the pipeline would be shut down for at least three days for repairs.

He said the pipeline generally pumps about 400,000 barrels of oil each day.

http://www.cnbc.com/id/41991561


13 posted on 03/09/2011 12:34:56 PM PST by kcvl
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To: SeekAndFind

Another psuedo Facebook and Google powered revolution? Has anyone kept appraised of what wonders that has worked in Egypt? Chaos presently reigns there and the Military is going to have to practice some of that despicable “violence” that has been so abhorred by American pundits before any kind of order will be restored there.

I wonder how long it will be before someone realizes that an internet revolution is worth about as much as the air it is transmitted across. In Libya, a revolution was begun by worldwide web support. However, the actual(as opposed to virtual) warriors against the Dictator are now screaming for someone(which is always America) to destroy Quadafi’s airforce and to enforce a no-fly zone, since none of the “Revolutionaries” has even the rudimentary knowledge of how to fire the (two?) anti-aircraft guns they have managed to get hold of.

How many so-called “fights for freedom from oppression” does anyone think the United States can participate in or finance?

I’m waiting to see how long it takes for reality to set in.
I’m waiting to see how long it takes those poor people who actually have to face down enemy forces to realize that armchair, Facebook and Google warriors don’t share the danger and risk of death along with them and have no skin in the game other than the ability to watch them kill themselves. The Facebook crowd is kind of like Romans watching carnage in the arena; its entertainment.

Hows about holding up on the “revolutions” until a clear alternative has been thought out. There aren’t enough concessions, deals, perks or individual rights that will ever satisfy any mob of anarchists with no clear objective, and certainly no bloodless way to restore order once it’s trampled by a mob.


14 posted on 03/09/2011 12:37:32 PM PST by Aleya2Fairlie
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To: SeekAndFind

Attack on Iraq pipeline halt oil exports...

A government spokesman says a bomb has hit Iraq’s largest oil pipeline, halting exports to Turkey in an insurgent strike that could lead to millions of dollars in losses.

Oil Ministry spokesman Asim Jihad said gunmen planted the bomb on the Beiji pipeline Wednesday evening near the town of Shurqat, 155 miles (250 kilometers) northwest of Baghdad.

Jihad said the blast stopped the oil from being pumped, and the pipeline would be shut down for at least three days for repairs.

He said the pipeline generally pumps about 400,000 barrels of oil each day.

http://www.cnbc.com/id/41991561


15 posted on 03/09/2011 12:41:02 PM PST by kcvl
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To: SeekAndFind

Attack on Iraq pipeline halt oil exports...

A government spokesman says a bomb has hit Iraq’s largest oil pipeline, halting exports to Turkey in an insurgent strike that could lead to millions of dollars in losses.

Oil Ministry spokesman Asim Jihad said gunmen planted the bomb on the Beiji pipeline Wednesday evening near the town of Shurqat, 155 miles (250 kilometers) northwest of Baghdad.

Jihad said the blast stopped the oil from being pumped, and the pipeline would be shut down for at least three days for repairs.

He said the pipeline generally pumps about 400,000 barrels of oil each day.

http://www.cnbc.com/id/41991561


16 posted on 03/09/2011 12:41:02 PM PST by kcvl
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To: 2 Kool 2 Be 4-Gotten

“...in Saudi Arabia the practice of any religion other than Islam is strictly forbidden. By law, citizens of Saudi Arabia are not permitted to change religion. Even foreign visitors are forbidden to openly practice any other religion. It is a whole different world. You cannot go to the store and buy a Bible in Saudi Arabia. In fact, if you try to pass out Bibles in Saudi Arabia you will be thrown into prison.”

And these are the pieces of sh!t our troops died to defend in Desert Storm.


17 posted on 03/09/2011 12:44:49 PM PST by Levante
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To: OB1kNOb
Thanks for the reminder to top off my gastank tonight on the way home. I’m betting that gas prices will jump at least another 10 cents a gallon overnight.

Here in SW Missouri gasoline jumped to $3.30 last week. Then an erosion set in and some prices fell back to about $3.26.

Today retail prices have firmed up with stations at $3.30 and a few at $3.40.

Disclaimer:

I only report what I see on the price signs. It is your money, you takes your chances.

18 posted on 03/09/2011 1:03:19 PM PST by TYVets (Pure-Gas.org ..... ethanol free gasoline by state and city)
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To: TYVets

Yeah, here in central Arkansas gas prices jumped Monday night from $3.35 to $3.45. I see a few $3.44 and one at $3.49. The last few weeks it’s been climbing in increments of 10 - 13 cents a pop, but when it drops, it drops in just 1-3 cent increments.


19 posted on 03/09/2011 1:10:18 PM PST by OB1kNOb (Islam is like termites. They get access through your weakest point and then cause great destruction.)
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To: Levante

Ah but the Saudis are our friends! /sarc


20 posted on 03/09/2011 1:10:40 PM PST by 2 Kool 2 Be 4-Gotten (Welcome to the USA - where every day is Backwards Day!)
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