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Oil at $100 a barrel? No sweat
cnnmoney.com ^ | January 7 2008: 6:06 AM EST | Colin Barr

Posted on 01/07/2008 5:48:41 AM PST by kellynla

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To: steel_resolve
Hugo is selling the PRC his Venz crude blends at less than he could get in the US. Think about that grand stategery...
21 posted on 01/07/2008 7:36:43 AM PST by Eric in the Ozarks (ENERGY CRISIS made in Washington D. C.)
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To: steel_resolve
Good News: China pays the same price as us

They pay more, if you believe their currency is held at an artificially low level.

22 posted on 01/07/2008 7:38:53 AM PST by Toddsterpatriot (What came first, the bad math or the FairTaxery?)
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To: Toddsterpatriot

Ha! Good point!


23 posted on 01/07/2008 7:49:15 AM PST by steel_resolve (If you can't stand behind our troops, then please stand in front...)
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To: thackney

This could be to strategically corner the world Uranium markets and limit the amount of Uranium available on the world market. Why not buy it up? Raise the price — Less for terrorists to get their hands on.

Just a thought ...


24 posted on 01/07/2008 8:13:12 AM PST by Tarpon (Ignorance, the most expensive commodity produced by mankind.)
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To: Tarpon
This could be to strategically corner the world Uranium markets and limit the amount of Uranium available on the world market. Why not buy it up? Raise the price — Less for terrorists to get their hands on.

Gee, Gulf Oil tried this in the '70s (some say at the behest of the Canadian government). Legally, it didn't turn out well.
25 posted on 01/07/2008 8:22:36 AM PST by BikerJoe
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To: BikerJoe

Uranium is not a commodity, very different when you have a controlled material. The buyers are limited and surpluses are not available. The IAEA is supposed to monitor each sale. All this would do is stockpile Uranium in the US, not a bad idea if you ask me, and cheap in the long run.

Oil is not like that ...


26 posted on 01/07/2008 8:33:41 AM PST by Tarpon (Ignorance, the most expensive commodity produced by mankind.)
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To: Pining_4_TX

“We are inflating ourselves into insolvency.”

Sounds about right to me.


27 posted on 01/07/2008 9:22:22 AM PST by mr_hammer (...checking the breeze and barking at things that go bump in the night.)
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