FOOD SHORTAGE COMING AS FARMERS STRUGGLE

Moneynews ^ | January 18, 2010 | Dan Weil

[Southack]

"In 2012 - 2013, Oil will be selling for $200-300/Bbls." - Comrade Brother Abu Bubba

...and yet, oil is falling below $90 today. Tick, tock, Sherlock.

[Southack]

Oil below $89 today.

ticktockticktockticktockticktockticktock

[Southack]

Oil at $86 now.

[Southack]

U.S. On Track To Overtake Saudi Arabia As World’s Top Oil Producer: http://www.freerepublic.com/focus/f-news/2949815/posts

[Southack]

"In 2012 - 2013, Oil will be selling for $200-300/Bbls." - Comrade Brother Abu Bubba

Must be a new month because oil is down again, now below $85. But hey, you've still got December, right Sherlock?!

[Southack]

U.S. Oil Revolution Makes Chumps Out Of Self-Proclaimed “Experts” Again: http://www.freerepublic.com/focus/f-news/2960778/posts

[Southack]

"In 2012 - 2013, Oil will be selling for $200-300/Bbls." - Comrade Brother Abu Bubba

Care to put any money on those big words, Sherlock? Tick Tock...it is already December. You'd be hard-pressed to even find an internet-fool willing to take the 2012 half your bet above.

[piasa]

It never occurs to liberals that maybe prairie grass is more efficient a carbon sink than trees, and converting pasture and prairie to woodland could actually be detrimental?

[Southack]

"Try opening up your eyes and looking at the chart. 55.9% is less than 73.2% even in Alabama.

... Exxon-Mobil is betting that natural gas prices (which are separate and distinct from oil prices) are headed higher (looks like a intelligent business decision). Oil prices are headed even higher in the next 2-3 year time frame as compared to natural gas. ... Brazil (Petrobas) is about the only company that has increased it's reserve base. There is no guarantee that the Brazilians will export that newly discovered oil so that you can stay in your cocoon of ignorance driving around in your Corvette in Alabama. ...

By the way, Investor Jimmy Rogers is from Alabama although he moved." - Comrade Brother Abu Bubba

My goodness. All of that vile against Alabama...and Alabama just kicked your teeth out while seducing your wife and daughter. Tsk. Tsk.

Had Rogers remained in Alabama, he might not have spouted off such nonsense about $300 oil as you have on this thread.

Less than a month left in 2012 for the first half of your "esteemed" prediction.

Remember how you "didn't care" about what oil was doing in 2010, but rather cared about oil in 2012 and 2013.

Well tick effn tock... Less than a month remains in 2012 and you look more ignorant with each passing day, Sherlock.

[Southack]

“The U.S. may be producing too much oil and WTI may drop as low as $50 a barrel within the next two years unless policy makers scrap a law limiting exports, Francisco Blanch, the head of commodities research for Bank of America Merrill Lynch in New York, said in an interview.”

“WTI is our big short for next year,” Blanch said. Should futures fall to between $50 and $65 a barrel, production gains will slow, he said.”

http://www.bloomberg.com/news/2012-12-12/oil-at-60-or-120-doesn-t-prevent-u-s-supplanting-saudi-arabia.html

[Southack]

"59.5 % now, 73.2% one year ago. Less rigs working as compared to last year = future price increases in oil." -Comrade Brother Abu Bubba

"The U.S. expanded its oil production this year by the most since the first commercial well was drilled in 1859, upending a belief that Americans were increasingly hooked on foreign crude.

Domestic output grew by a record 766,000 barrels a day to the highest level in 15 years, government data show, putting the nation on pace to surpass Saudi Arabia as the world’s largest producer by 2020.

Net petroleum imports have fallen by more than 38 percent since the 2005 peak and now account for 41 percent of demand, down from 60 percent seven years ago, moving the U.S. closer to energy independence than it has been in decades." - http://www.bloomberg.com/news/2012-12-19/american-oil-most-since-first-well-in-1859-signals-independence.html

[Southack]

"I am not concerned about how low oil goes in the short term. It’s the next move UP, UNDERSTAND? In 2012 - 2013, Oil will be selling for $200-300/Bbls." - Comrade Brother Abu Bubba

What bozo thinks oil will hit $300 in 2012?! Can you find one person dumb-enough to side with your idiotic claim in public?

One?

[Southack]

"Sherlock,
Why don’t you try looking at the charts that you post with the rig utilization rate of 77% last year vs. 55.9% now??? JUST AS I STATED!!!!

This year is 2010. I am not concerned about how low oil goes in the short term. It’s the next move UP, UNDERSTAND?

In 2012 - 2013, Oil will be selling for $200-300/Bbls." - Comrade Brother Abu Bubba

Sherlock?!

You seem to be running a bit low on time. Tick, tock.

[Southack]

"In 2012 - 2013, Oil will be selling for $200-300/Bbls." - Comrade Brother Abu Bubba

Yeah, ummmm, about that whole "2012" claim...have you considered a new career?

[Sawdring]

All you have to do is say “You win and I was wrong” and this whole thread can fade away into obscurity.

[Southack]

"In 2012 - 2013, Oil will be selling for $200-300/Bbls." - Comrade Brother Abu Bubba

Well, it's already February of 2013 and oil is...double digits (that's two!), not three.

[Southack]

"In 2012 - 2013, Oil will be selling for $200-300/Bbls." - Comrade Brother Abu Bubba

Gee, it's now the final month of the 1st Quarter of 2013, and oil is cheaper today than at this time last month.

What ijiot thought oil would skyrocket to $300 when instead it is in decline?!

Global gasoline sales are stagnant or declining.

Global oil production is up, except for Saudi Arabia which has turned down its taps to a 19 month production low in a desperate attempt to prop up falling oil prices.

Just don't let facts slow you down Bubba...

[Southack]

After missing his 2010 oil prediction, Jim Rogers is now calling for a stock market crash: http://www.freerepublic.com/focus/news/2995850/posts?page=20

*it is quite likely that he will blow that call, as well

[Southack]

http://www.bloomberg.com/news/2013-03-13/u-s-oil-output-rises-to-highest-level-since-july-1992.html

[Southack]

Oh wow! Oil just hit $4,000/barrel!

April Fools!

Welcome to the 2nd Quarter of 2013, where you still haven’t even rebuked your old prediction...obviously clinging to some vain hope that somehow oil will skyrocket to $300 at the last minute.

Won’t happen.