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Oil Prices Climb to New Record High ($46+)
Forbes ^ | August 13, 2004 | Staff

Posted on 08/13/2004 11:50:27 AM PDT by Jomini

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To: Conservative Infidel

The textile industries do the same. I may be wrong about this but I believe we export most of our domestic lumber harvest and import and tremendous amount of foreign lumber.


41 posted on 08/13/2004 2:40:03 PM PDT by zarf
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To: Tanniker Smith

I was just about to say that it is time to short...


42 posted on 08/13/2004 3:00:51 PM PDT by TopQuark
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To: Jomini

The pocket book voters are going to vote socialist with this type of economic news coming out. They will look at the jobs report and go, duh, we got to elect the communist Kerry to FIX everything as he has promised he would do. //sarcasm off//


43 posted on 08/13/2004 3:02:28 PM PDT by RetiredArmy (The time is coming for all true Patriots to rise up and take back this Republic!)
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To: HorsePlayer

>Got M&M's on sale through the end of the month. Had to raise my price on Marlboro's to cover my losses on the M&M's. If the Marlboro sales hold strong,<

That's great for the big boys.Help out the little guys.They represent plus business.Hershey and Mars just swap back and forth.


44 posted on 08/13/2004 3:03:59 PM PDT by Blessed
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To: TopQuark
I was just about to say that it is time to short...

Soros just did.

46 posted on 08/13/2004 3:10:25 PM PDT by steve86
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To: zarf

You are absolutely correct.


47 posted on 08/13/2004 4:02:12 PM PDT by Conservative Infidel
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To: Jomini
Hello Fusion

Also, Russian oil giant Yukos is locked in a battle against bankruptcy in that country's courts over a disputed $3.5 billion back-tax bill.

This is true except for the fact that Putin has guranteed continued selling of oil which has actually increased.

Problem is, Saudies can not hold to their promises because they can not pump more. Iraq sold some oil which is no longer the reality...but the main problem is China...China is doing mass industrialization all out of proportion to market demands...again the facists who run it have very limited understanding of markets and market demand...so they over produce and in so doing drive up prices of all commodities...which drive up prices of other market goods...but at the same time it drive down returns...they also do not seem to get that in bankrupting the West, they in turn assure own destruction. This is for the reason that few Chinese able to buy the crap they make....as such they must rely on others who can.

A smart (none x-communist come facist) Chinese leaders would assure that their population able to buy own goods and thus make own driving force and demand, not just rely on other nations, which go bankrupt in debt.

48 posted on 08/15/2004 3:28:51 PM PDT by RussianConservative (Xristos: the Light of the World)
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