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Chavez gets macho with US over oil - Breaking News
Reuters via tvnz.co.nz ^
| April 19, 2006
| Reuters
Posted on 04/19/2006 2:25:58 PM PDT by economist-student
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To: economist-student
Remember, Jimmy Carter and a handful of Chavez's cronies elected this pos. He WASN'T elected by the people of Venezuela.
21
posted on
04/19/2006 3:31:53 PM PDT
by
groanup
(Shred for Ian)
To: economist-student
Hugo ... Go Ahead
22
posted on
04/19/2006 3:32:44 PM PDT
by
sono
("If Congressional brains were cargo, there'd be nothing to unload." - Rush Limbaugh)
To: rfreedom4u
He sounds a lot like Norieaga, at this point. And making the same idiotic assumptions, that resulted in his diminishment of stature.
23
posted on
04/19/2006 3:34:07 PM PDT
by
mutley
To: economist-student
Bush should just go on the record and make this guy an object of ridicule and derision. "I think the little dictator is a flaming kook that needs his medication. Do any of you in the press know why he keeps making these absurd nutty statements?"
To: economist-student
I heard a business analyst on the radio explain that if even though $73 is a record in dollars per barrel of oil, that adjusted for inflation the early 80s were still the top at $90+/bbl.
And on Rush today somebody mentioned that in 2004, a bbl of oil was selling for $37, and gas prices were (on average) $1.80. The price per barrle has doubled, but gas prices are not even at $3.00 yet (nationwide average). If all things were equal, we should be paying $3.60/gallon today.
25
posted on
04/19/2006 3:37:35 PM PDT
by
bushbotbasher
(Who the hell is BushBotBasher?)
To: economist-student
Translation: he's reached a deal with OPEC such that if it looks like he's going to lose power, he'll ensure that oil goes to $100/bbl, in exchange for a large contribution to his retirement account in Lichtenstein
26
posted on
04/19/2006 3:42:23 PM PDT
by
SauronOfMordor
(A planned society is most appealing to those with the hubris to think they will be the planners)
To: bushbotbasher
Indeed.
To: bushbotbasher
And that's even taken into account refineries being switched from MTBE to ethanol.
I believe $100 oil is coming this year.
To: economist-student
To: SAJ
Wait for the parabolic top and the inevitable correction. Then, wait for the secondary run at the old highs -- there has been a secondary run in every parabolic bull mkt in history, bar Jan 2000 NG -- and then sell on the 2nd day down after the secondary top fails.
Too bad Jimmy Durant didn't heed your advice. Durant was the creator of General Motors (1908). By 1920 had had lost the company, regained it, then lost it again. He spent the 1920s running another car company with moderate success, and otherwise made fabulous speculating in the markets. Working with over a billion in funds from partners, he saw Oct. '29 coming and had sold out by that Aug or Sept. Then he jumped back in at the first rebound the next year. By 1932, he was spent.
His was one of the greatest plays ever. Too bad, for he could have bought back GM flat at its eight buck low in '32.
30
posted on
04/19/2006 4:08:02 PM PDT
by
nicollo
(All economics are politics)
To: dennisw
Why didn't the CIA liquidate this effer years ago?
The CIA didn't do it, but here's what happened to Somoza on HIS last trip to Paraguay...
Btw, the engine was still running smoothly. M-B sales skyrocketed down there after that came out!
31
posted on
04/19/2006 4:12:32 PM PDT
by
nicollo
(All economics are politics)
To: economist-student
With apologise to pissant, life sucks when your a pisssant
32
posted on
04/19/2006 4:14:12 PM PDT
by
bert
(K.E. N.P. Slay Pinch)
To: economist-student
Well, we could always ratchet up the rhetoric a bit more by 'promising' to nuke Venezuala into radioactive slag should Chavez carry out his rhetoric...
It would be interesting to see how Chavez would respond should the US decide to play his 'rhetoric' game.
33
posted on
04/19/2006 4:59:06 PM PDT
by
gogogodzilla
(Raaargh! Raaargh! Crush, Stomp!)
To: economist-student
Sounds like he has been reading to many sadam books.
34
posted on
04/19/2006 6:11:15 PM PDT
by
G-Man 1
To: economist-student
How did Reagan get oil prices to plunge from $50/bbl to $20/bbl within a year, igniting the terrible economic malaise that characterized the end of his Administration?
35
posted on
04/19/2006 6:25:03 PM PDT
by
dufekin
(US Senate: the only place where the majority [44 D] comprises fewer than the minority [55 R])
To: dufekin
How did Reagan get oil prices to plunge from $50/bbl to $20/bbl within a year, igniting the terrible economic malaise that characterized the end of his Administration? If my memory serves me correctly, the dollar was weak against foreign currencies. As soon as he got elected, the dollar took off. I was in Italy at the time. The Lira went from 800 to 1200 Lira to the $ in a matter of weeks. I think the dollar rose in similar fashion against other currencies.
36
posted on
04/19/2006 6:46:49 PM PDT
by
EVO X
To: sure_fine
Better sell your 7-11 stock, too!!!
37
posted on
04/19/2006 6:56:03 PM PDT
by
SierraWasp
(Without knowing the force of words, it is impossible to know man!!! (or especially Waspman!!!))
To: economist-student
Looks like a "harmonic convergence" to me! (grin)
38
posted on
04/19/2006 7:00:11 PM PDT
by
SierraWasp
(Without knowing the force of words, it is impossible to know man!!! (or especially Waspman!!!))
To: dufekin
Paul Volcker, he can be also be credited with saving the US Dollar from collapse.
He raised interest rates while also diminishing money creation, although it was a hard recession, Volcker really saved the US Economy and the dollar from the malaise of the 70's.If it weren't for him, we wouldn't have had "low price inflation" during the late 80's and throughout the 90's.
To: bushbotbasher
Who the hell is BushBotBasher?
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