Am I crazy or does this make any sense
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Topic: Am I crazy or does this make any sense
Posted By: nightrider
Subject: Am I crazy or does this make any sense
Date Posted: 20/November/2008 at 11:40am
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I hate talking about oil prices or stocks only because my knowledge is very limited or perhaps non existant at times..............BUT HERE GOES
Why did oil drop so sharply..........that is the question.
My reasoning and answer to that question is answered with a question of my own.
WHY HAS THE UNITED STATES ALWAYS BOUGHT FOREIGN OIL FOR THE PAST 50 YEARS INSTEAD OF RELYING ON ITS OWN SUPPLY TO SUSTAIN THEIR COUNTRY AND CITIZENS.
I think right now the Unites States is counting on its own surplus of oil supply to bring down foreign prices in a form of economic warfair to fight the Middle Eastern countries and bring them to their knees financially . I think the man who holds the most oil when all is said and done...........WINS.
What do the rest of you think.........................Is my thinking just dumb .
Nightrider
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Replies:
Posted By: Hammy
Date Posted: 20/November/2008 at 12:11pm
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That is exactly right Nightrider! ------------- Could somebody just clean my carpets! |
Posted By: Superglide Ken
Date Posted: 20/November/2008 at 12:29pm
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Why did oil drop so sharply..........that is the question.
Jack; Oil has dropped so sharply because the bubble burst back on July 11th. It was in a speculative bubble at that time. The big US investment banks and hedge funds were primarily responsible for that. They made hundreds of Billions doing that. What finally pricked the bubble was demand destruction from the overpriced oil. This will be looked back on in hindsight as the real starting point of the Great Depression #2, which we both know will be far worse than the Great Depression #1 was. WHY HAS THE UNITED STATES ALWAYS BOUGHT FOREIGN OIL FOR THE PAST 50 YEARS INSTEAD OF RELYING ON ITS OWN SUPPLY TO SUSTAIN THEIR COUNTRY AND CITIZENS. The USA(primarily threw Chevron)was responsible for discovering most of the Middle East oil back in the 1940's. It was cheaper to buy than American oil at that time, so it was used first.Up until that time American oil was the highest produced oil supply in the world(up to 10 million barrels per day in 1970). In 1970 oil production in the USA peaked and has been going down ever since(now about 5 million barrels per day). This is high cost oil compared to middle eastern oil, and is being shut in now that oil is down to $50/barrel and falling.However since world-wide production of oil has peaked at 85 million barrels /day, this will not last long. Due to the severity of the Depression we are now entering, demand for oil has fallen by a couple of million barrels per day and has briefly caused a slight surplus of up to a million barrels per day world wide. This will be eliminated after next week by 2 things: 1) Opec will cut another 1 million barrels per day in their meeting next month. 2) The winter heating season will increase oil usage by 2 million barrels per day during the Dec to Feb heating season. 1 million barrels per day will occur in the USA and the other 1 million barrels per day will occur in the rest of the world. Bottom line is that the approx 1 million/day surplus is about to turn into a 2 million barrel per day deficit. This will cause oil prices to rocket back upward as fast as they have come down, even in a Depression. Oil below $50/barrel will be very short lived. Buy it will you can. Enjoy gas prices in the USA below $2.00 per gallon while you can as well. By next July, they will be right back to $4 per gallon or more IMO. ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: nightrider
Date Posted: 20/November/2008 at 11:07pm
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Kenny........................I read and re-read what you wrote 3 times and all you wrote is what the media and government fairy tales lead the public to believe for many years now.......................mostly all rubbish.................hard to believe you buy into this kind of nonsence.................the media is not allowed to publish what the government does not want to be let known . All FAIRY-TALES .
Kenny............let me ask you this.........................although there are employees transported to Area 51 every morning, there are payroll slips to acknowledge this fact, it's even on the Google map for all to see.............................YET THE GOVERNMENT SAYS IT DOES NOT EXIST............... Do you think it exists Kenny or did you buy that Fairy- Tale also.
Nightrider
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Posted By: FriendlyHammer
Date Posted: 21/November/2008 at 1:14am
 As usual, Kenny's worst enemy is himself. |
Superglide Ken wrote:Posted By: duckcountry
Date Posted: 21/November/2008 at 3:02am
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Option calls drop dead dates drive the price down every 3 months. Speculators having to sell their options as the deadline approaches makes sure they don't have to buy the oil they have been gambling on. That is part of why the oil prices drop. Oil surpluses play a part. That is playing a part in it. Straining conditions in the middle east with threats of war combined with the US insistence on making sure Israel gets away with needless attacks on its Arab brothers makes prices go up - primarily to teach the US a lesson. This is a problem with the Zionists in the US government. Russia's economy is being ripped apart by lower sales volumes in oil since Russia is a large producer. Some people are working without pay once again there. ------------- Are you in a high paying business or are you just a self employed low paid grunt who thinks this business provides dignity? |
Posted By: rolf.2267
Date Posted: 21/November/2008 at 4:31am
So my answer to this question why the united states bought foreign oil is: because it was cheaper - as simple as that! That is the weard thing about shipping - it is cheaper to transport something around the world than to keep it in stock  ------------- The conditions of conquest are always easy. We have but to toil awhile, endure awhile, believe always, and never turn back. Marcus Annaeus Seneca |
Posted By: John L
Date Posted: 21/November/2008 at 5:04am
| duck its Israel thats pressing USA not the other way around.. We need to STOP feeding Israel.. But since stupid Obama picked his Chief of Staff Rahn Emanual all $hit will break loose.. Israel is our problem.. STOP supporting and giving them a-holes money.. Zionist Israel Lobby is very powerful and our Bamboozels listen to there wishes.. |
Posted By: rolf.2267
Date Posted: 21/November/2008 at 5:25am
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Woohhwooow That is a pretty harsh coment as far as i'm concerned! Dou you really think like that you do you want to provocate ...  ------------- The conditions of conquest are always easy. We have but to toil awhile, endure awhile, believe always, and never turn back. Marcus Annaeus Seneca |
Posted By: John L
Date Posted: 21/November/2008 at 10:34am
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Its true fool.. Some know some dont.. You dont.. I'll bet your a young pup? Dont know squat about squat..
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Posted By: nightrider
Date Posted: 21/November/2008 at 11:26am
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Duck...............Canada is one of the worlds largest producer and the Number 1 supplier of oil to the United States...................How come our economy is not being torn apart
Nightrider
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Posted By: Superglide Ken
Date Posted: 21/November/2008 at 1:37pm
Because low oil prices benefit most of Canada Jack.Especially Ontario and Quebec because that is where most of the manufacturing takes place. Oil is an input cost, so the lower the better. Alberta on the other hand is about to suffer greatly from prices below $50/barrel. 9 oil sands projects cut back or cancelled with more to come. Low oil prices bring low natural gas prices, this provinces main income generator.It will not last long but this winter will be tough for many before prices rebound back over $100 for oil in the Spring.  ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: duckcountry
Date Posted: 21/November/2008 at 1:46pm
Russia sells theirs to China and their economy is suffering because the US economy sucks right now. Fear of loss of jobs keep people from buying even the cheap stuff here in the US. Add to that 500,000 being added to the rolls of those receiving unemployment benefits each week and you have those who have a primary concern of food-clothing-shelter. SamsClub, BJ's and Costco do better because more people are buying bulk food items -- and not because more is being bought by the same number of people every month. Look at the influence a single industry can have on the economy. Take airlines as an example. Fuel prices are way down for them but they continue with higher prices. Fears of what may happen next with the economy have some re-thinking travel plans. Then the airlines cut back on the number of flights because leisure travelers won't pay the higher price. Businesses decide that they too will curb their travels to save money. All the businesses that rely on the leisure and business travelers are impacted - industries like rental car agencies, hotels, taxi services, convention centers, the kiosk shops at the airports. In answer to the question though, Russia is indirectly impacted by what happens in the US as apparently many countries are. The US was the single largest marketplace for many of them. Did you know there is a 4 month supply of imported cars based on the old sales numbers of cars sitting at the Long Beach dock in California. That includes Mercedes, Toyota, Honda and other manufacturer's cars. Car sales in the US are running 10-25% of what they were thanks to this crappy economy. Russia has little to do with the US directly, you're correct in saying that. But the price that oil sells at is set by the futures which everyone watches. And those basically flush out their inflated values at 90 day intervals leaving only the true buyers of oil left which by the way only represents 25% of the investors in oil futures, the rest are the gamblers. ------------- Are you in a high paying business or are you just a self employed low paid grunt who thinks this business provides dignity? |
Posted By: Hammy
Date Posted: 21/November/2008 at 3:33pm
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Nobody predicted this! Kenny wants to play games with people. ------------- Could somebody just clean my carpets! |
Posted By: Superglide Ken
Date Posted: 21/November/2008 at 4:18pm
 ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: John L
Date Posted: 21/November/2008 at 9:31pm
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Kenny has mailto:B@lls - B@lls ..
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Posted By: nightrider
Date Posted: 21/November/2008 at 10:55pm
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I enjoy reading everybody comments and knowledge of why things happen, especially when it concerns money.................let us just pretend to take out the money factor, and base the oil on supply and demand............I wonder what would happen then.................let's say we all work for free and all we consume is free..............what happens then.
If anyone wishes to check and see what history has to teach us...................you will learn that the horse & buggy had a multitude of reasons why they went out of existance, none of which was really true................it was just a spectrum of money making and loosing market money making schemes that kept speculation riding on the unknown.
Nobody has a clue as what is really happenning or what is about to happen.....................we all just play mind games with ourselves .
The son of God " JESUS " does not know the year, day, or hour of the end of the world...............only God himself knows.......................how can any human on earth know what the future holds or how we got to where we are.
Nightrider
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Posted By: John L
Date Posted: 22/November/2008 at 1:32am
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AMEN!
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Posted By: Superglide Ken
Date Posted: 22/November/2008 at 11:35am
Wrong Jack. It is all laid out in the Bible, which is 1/3 prophesy. Principally in the chapters of Daniel and Revelation. Understand that, and you are well on your way to knowing what is in store. For the details of how we get there,you only need a better understanding of the geology and politics of oil, which you admit you lack, and you will know what is about to transpire. And no, it does not mean the actual end of the world either. The bible tells us that no more than 95% of the people on it will die in the battles of Armegeddon. So I do not consider that the end of the world.  ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: nightrider
Date Posted: 22/November/2008 at 7:16pm
And no, it does not mean the actual end of the world either. The bible tells us that no more than 95% of the people on it will die in the battles of Armegeddon. So I do not consider that the end of the world.  [/QUOTE]
I hope that 5 % is in Quebec........on my street
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Posted By: doug
Date Posted: 22/November/2008 at 7:24pm
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They will all be in quebec because they will all run and hide when the battle comes about? ------------- Just My opinion |
Posted By: cmaster
Date Posted: 22/November/2008 at 8:05pm
So are we all moving there???? ------------- 
The STD Meter |
Posted By: FriendlyHammer
Date Posted: 22/November/2008 at 10:28pm
| Kenny will be on the side of evil. |
Posted By: Soil Lint Green
Date Posted: 23/November/2008 at 2:02am
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Sometimes I wonder if some Christians in power aren't just trying to screw up the world so bad as to bait God into the second coming. Seems every generation believes it has cornered the market on the end of days. In the seventies we believed that the prophesy proclaiming the time of the second coming being tied to WHEN ISRAEL BECOMES A NATION AGAIN meant we were in the end of days. But if 1948 was the date and a hebrew generation is 40 years of 360 days per year - blew that or we all missed the bus! No one knows when and nobody can make it come any quicker. It could be 10,000 years from now. It could be tonight. Hitler in WWII was declared to be the anti-christ. So much for that claim to fame. ------------- It's ORY GUN, not OR A GONE. Learn to talk. |