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OIL IS CRASHING ($68.90 Bl)
BI ^ | 11-27-2014 | Myles Udland

Posted on 11/27/2014 10:13:07 AM PST by blam

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To: blam

I see it as a kind of economic stimulus.


81 posted on 11/27/2014 12:31:02 PM PST by virgil (The evil that men do lives after them)
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To: Attention Surplus Disorder
Very bullish for the stock market

Except for my Halliburton stock :(

82 posted on 11/27/2014 12:34:19 PM PST by what's up
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To: LRoggy

High energy costs put way more conservatives’ jobs at risk.


83 posted on 11/27/2014 12:35:15 PM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: FreeReign
Bakken isn't going anywhere. It would remain to be used at some point in the future.

Unless it is sold to the Chinese.

84 posted on 11/27/2014 12:36:36 PM PST by stboz
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To: what's up

And my Conoco & Schlumberger.


85 posted on 11/27/2014 12:37:35 PM PST by Attention Surplus Disorder (At no time was the Obama administration aware of what the Obama administration was doing)
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To: blam
I heard Rush say $60/pb by the end of the month. he will be close.
86 posted on 11/27/2014 12:44:09 PM PST by mad_as_he$$
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To: familyop

Already-fracked wells can continue to be pumped however.


87 posted on 11/27/2014 12:46:20 PM PST by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: Attention Surplus Disorder
A few months ago I sold out of my Conoco which had done well and jumped to Haliburton.

Bad move. After this Haliburton tanked worse than Conoco.

88 posted on 11/27/2014 12:46:20 PM PST by what's up
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To: stboz

Who would do that?


89 posted on 11/27/2014 12:47:05 PM PST by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: stboz
Unless it is sold to the Chinese.

Ding ding ding! We have a winner. All the Chinese or Saudi's or whoever has to do is tie up the leases and that oil stays in the ground forever.

90 posted on 11/27/2014 12:48:45 PM PST by Clay Moore ("911 is for when the backhoe won't start." JRandomFreeper)
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To: shotgun

I think that it is lower, now.nthat was the original figure. I’ m not sure where I saw it.


91 posted on 11/27/2014 12:49:50 PM PST by Eva
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To: shotgun

I just checked, that was the figure that SHIFT WA was reporting.


92 posted on 11/27/2014 12:57:19 PM PST by Eva
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To: shotgun

I just checked, that was the figure that SHIFT WA was reporting.


93 posted on 11/27/2014 12:57:22 PM PST by Eva
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To: HiTech RedNeck
"Already-fracked wells can continue to be pumped however."

Well said. Very true.


94 posted on 11/27/2014 1:00:19 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: Bob434

Not to make you feel bad or anything, but 93 octane premium just went under $3 for me in a North Atlanta ‘burb.


95 posted on 11/27/2014 1:01:17 PM PST by FreedomPoster (Islam delenda est)
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To: Clay Moore

Oh, China would get busy fracking and pumping if oil prices rise high enough. They aren’t that stupid.


96 posted on 11/27/2014 1:02:49 PM PST by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: shotgun
Here you go this is on my Facebook page from SHIFT, right now. If your family is anything like ours, leaving politics off the table during Thanksgiving Dinner is simply an unrealistic expectation. The political issue that Jay Inslee most wants people in Washington State to be talking about is his impending fuel mandate. So, to help guide you through your dinner table discussion, here are the top talking points to remember about Inslee’s tax-raising plans for dealing with global warming:
It was a consultant Jay Inslee hired who first determined that his fuel mandate plans could essentially result in up to a $1.17 a gallon gas tax. Our green governor’s attempts to debunk his own consultant’s $1.17 gas tax projectionshave fallen short. Energy experts have determined the projection is accurate, perhaps even understated!

The Seattle Times pointed outthat the state’s own budget writers predicted that reaching Inslee’s defined carbon-reduction goal “would add an additional $1.47 to the cost of a gallon of gasoline in 2035, and cause a substantial price increase in natural gas.”

A key assumption Jay Inslee makes concerning his fuel mandate agenda is wrong—very wrong. Inslee bases much of his “clean fuel” claims on what he predicted would be the availability of a new, supposedly more efficient biofuel called “cellulosic ethanol” – and that prediction has been shown to be as inaccurate as a Colin Kaepernick pass.

Jay Inslee has a history of ignoring science to advance his political agenda. In August, Inslee pointed to dying oysters as proof of ocean acidification—which has become his go-to argument for cutting carbon emissions. Well, as it turns out, a top scientist from Inslee’s own the Department of Ecology recently admitted that no evidence exists to back Inslee’s claims.

Jay Inslee created a Climate Emissions Reduction Taskforce (CERT) back in April in order to make “recommendations on how best to unleash the immense power of the market in reducing carbon pollution.” After nearly seven months, members of CERT released their final report. Simply put, they punted and left the next move for raising energy costs on all Washingtonians up to Inslee.

It’s no secret that what our green governor really wants is a fuel mandate, to allow state bureaucrats to tell you what kind of fuel to buy for your car. In the past, Inslee has made it clear that he would pursue an executive orderto jam his extreme environmental agenda through, since the voters have given him a legislature that has other priorities (like, you know, education, jobs, transportation, etc.).

Indeed, our green governor placed his fuel mandate on every Washingtonian’s ballotduring the 2014 midterm elections by publically attacking candidates across the state with the help of his California billionaire friend Tom Steyer. And, Washington voters said “NO.” Jay Inslee cannot even use facts to justify his own determination to see his fuel mandate imposed. When asked why he is still pursuing his fuel mandate Inslee said, “I believe I have to do this because it’s what I believe.” Despite an absence of facts in his efforts to convince people to support his extreme agenda, Jay Inslee even resorted to once comparing his fight against global warming to the world’s fight against the Nazis in WWII. Enough said.

97 posted on 11/27/2014 1:26:01 PM PST by Eva
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To: blam

I like paying less at the pump as much as anybody. However, there is a ton of debt out there that has financed the tight oil (fracking) boom. Much of this was already junk rated, and just between two recent merger deals, banks have been caught with north of $1 billion in loans that they have not been able to syndicate. I’m not sure anyone has really quantified just how big this debt bubble has grown in the last five years, but it looks like there is going to be some defaults. Enough to have wider, systemic, consequences ? Not sure.


98 posted on 11/27/2014 1:27:40 PM PST by gypsylea
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To: LRoggy
Which is why I want to do it with an import duty. This only affects our imports and shelters the domestic producers in the build out stage. Dedicate the money to infrastructure in the industry, such as helping to build out natural gas stations on the highways and other locations.

Your preference for and belief in the success and efficacy of central planning is... cute.

I'm sure there would be winners under your proposed gas tax increase, but I notice you devote no attention to the innumerable losers that must go without meeting their more important needs to pay your increased gas taxes.

I know you mean well, you're just misguided by belief in your own superiority to manage everyone else's lives. It's a common conceit.

99 posted on 11/27/2014 1:39:17 PM PST by Gunslingr3
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To: Attention Surplus Disorder
Oooooh, I can’t wait til Maxine Waters gets to the bottom of this with Senate hearings.

Maxine is a Representative. And a mouthy stupid one at that.

100 posted on 11/27/2014 1:40:52 PM PST by Lizavetta
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