FatalWishes
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Oil is fallilng
Light, sweet crude fell $1.70 to $132.91 per barrel in premarket electronic trading on the New York Mercantile Exchange.
I sure hope this is the popping bubble. We could stand some up days in the market.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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MattN
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Anyone know anything about this?
Needless to say, I'm pretty pissed off about it.
| Quote: | Do you wonder why the price of oil has skyrocketed of late? Purportedly the governments of the Islamic Republic of Iran and the Bolivarian Republic of Venezuela are engaged in a major covert effort to keep the world's oil tanker fleets from carrying petroleum to the thirsty global markets that need it. This is according to reliable sources who monitor the tanker industry, and sources within the American law enforcement community. The Iranian government has leased and engaged the bulk of the available supertankers, and smaller vessels and is storing oil in ten of them in the Persian Gulf, and keeping others idle whilst under lease or charter. The government of Venezuela is allegedly assisting Iran in this manipulative practice, which has resulted in the tripling of the daily charge for tanker use since April, because of a fifty per cent drop in vessel availability during the next thirty days, this is according to authoritative industry sources. Is this the functional equivalent of a declaration of economic war against the United States? What will the response be, and when will it occur?
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DanG
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don't know if its true, but why would it be a surprise?
they're hitting us where it hurts.
the U.S. government ALLOWED this nation to be put in this place !
be pissed off about that.
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MattN
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I am pissed on several different levels.
And this was allegedly reported this morning on CNBC (the idle tankers in the Gulf)
Now, I've found indications that IRAQ's oil is a lower grade that we generally don't use. It has a higher sulfur content than the light crude our refineries prefer. I say it doesn't matter because SOMEONE uses that stuff, and if they can't get it, than they are now using the same stuff WE do. Which in effect reduces the supply of what we need.
I figure fuels like diesel and fuel oil could at least be made out of it.... |
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chrisisasavage
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I think it's obvious there's some serious manipulation of the oil markets going on. |
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chrisisasavage
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Ahmadinejad says oil prices "fake".
Source: ttp://news.yahoo.com/s/nm/20...ArUGT9aqKanqVECjBsi4DuKs0NUE |
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MountainManMike
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i completely agree they have been manipulated...this isnt anything new, its just never been done to this extent. |
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chrisisasavage
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| Quoting MattN - posted on 6/17/2008 at 13:47 |
I am pissed on several different levels.
And this was allegedly reported this morning on CNBC (the idle tankers in the Gulf)
Now, I've found indications that IRAQ's oil is a lower grade that we generally don't use. It has a higher sulfur content than the light crude our refineries prefer. I say it doesn't matter because SOMEONE uses that stuff, and if they can't get it, than they are now using the same stuff WE do. Which in effect reduces the supply of what we need.
I figure fuels like diesel and fuel oil could at least be made out of it....
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Don't worry, Bush's buddies are circling the kill as we speak.
http://www.iht.com/articles/2008/06/19/africa/19iraq.php |
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MattN
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Shit. Seriously?
How do you short oil futures? |
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posted on 6/17/2008 at 07:43
