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OPEC Ministers Stand Pat on Crude Oil Supply
New York Times ^ | 12/24/2010

Posted on 12/25/2010 9:34:32 AM PST by FreeAtlanta

OPEC ministers said on Friday that they saw no need to supply the world with more crude as oil prices approached a two-year high....frpa

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Foreign Affairs
KEYWORDS: crooks; democrats; drillbabydrill; drillnow; energypolicy; marxist; nationalsecurity; obama; oil; opec; rinos; socialist; thugs
Obama is doing his part in driving up oil prices and helping OPEC and the Terrorist Supporting nations by shutting down our domestic oil production.
1 posted on 12/25/2010 9:34:37 AM PST by FreeAtlanta
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To: FreeAtlanta

It will get very, very fun very, very soon.


2 posted on 12/25/2010 9:36:56 AM PST by Charles Bronson Forever
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To: FreeAtlanta
Isn't it funny how they are letting oil prices go up now that the election is over? They know that the election wipe out for the Democrats would have been even worse, had people been paying 4 or 5 dollars a gallon at the pumps.

Had Republicans controlled the Whitehouse and congress, the opposite would have happened and oil would have already been over 200 a barrel.

These manipulating scum aren't fooling me. They may have the typical head up the back side Americans fooled, but conservatives are on to them.

3 posted on 12/25/2010 9:38:27 AM PST by FreeAtlanta (Hey, Barack "Hubris" Obama, what are you hiding? Release your Birth Certificate!)
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To: FreeAtlanta

I’m so sick of the damnable environmentalists, tree huggers and the libtards who enable them. There is absolutely NO NEED for us to be dependent on the middle east for crude oil. There are far too many alternatives available to us.
It’s time to kick these idiots to the curb and take back our country. It’s time for a resurgence of American technological and economic might. And, the rest of the world be damned!

BTW...Merry Christmas!


4 posted on 12/25/2010 9:41:20 AM PST by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2013: Change we can look forward to.)
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To: PubliusMM

We need to start with arresting Americans who support and enable our enemies and anti-American policies (George Soros #1).


5 posted on 12/25/2010 9:42:58 AM PST by FreeAtlanta (Hey, Barack "Hubris" Obama, what are you hiding? Release your Birth Certificate!)
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To: FreeAtlanta
These manipulating scum aren't fooling me.

Smells like free market capitalism to me.

6 posted on 12/25/2010 9:47:42 AM PST by DungeonMaster (My dad put his arm around me like that once, to this very day he wears orthopedic shirts.)
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To: FreeAtlanta

You can kiss the 2.3% improvement in the economy, (what a joke) good bye. When, not if, gas gets up to $4.00 a gallon small & big business will tank. Cities on the brink will tank in a domino fashion. It will be a snowball effect.

Can anyone say, “Cloward & Piven?”


7 posted on 12/25/2010 9:48:14 AM PST by 23 Everest (A gun in hand is better than a cop on the phone.)
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To: DungeonMaster

Smells like free market capitalism to me.


No, it’s regulated market capitalism! There is a difference.


8 posted on 12/25/2010 9:49:32 AM PST by 23 Everest (A gun in hand is better than a cop on the phone.)
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To: DungeonMaster

Sounds like it’s time for a little chat with the King of Saudi to me. A nice little map of the Middle East with Iran’s missile ranges superimposed over the Kingdom would be a wonderfully instructive visual aide.....


9 posted on 12/25/2010 9:52:04 AM PST by Thermalseeker (If I print money it's counterfeiting. If the Fed prints money it's quantitative easing?)
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To: FreeAtlanta

These prices are meaningless unless compared to other currencies.

Is the cost going up for all currencies? Could this simply be a result of QE2?


10 posted on 12/25/2010 9:57:37 AM PST by icwhatudo ("laws requiring compulsory abortion could be ustained under the constitution"-Obama official)
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To: 23 Everest
No, it’s regulated market capitalism! There is a difference.

There are countless regulations on the use of gasoline, but is that what you are talking about? It seems that oil producers throw their oil into the world market and the world market pays what it will.

11 posted on 12/25/2010 10:01:10 AM PST by DungeonMaster (My dad put his arm around me like that once, to this very day he wears orthopedic shirts.)
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To: FreeAtlanta
Islam controls our energy supplies as intended by the liberal mainstream media and democrats.

This is one big reason Palin would be a good president as she is for developing our own oil , and other domestic energy supplies like oil shale, coal which the U.S. has centuries of.

12 posted on 12/25/2010 10:05:25 AM PST by Democrat_media (Why is no government creating a product we can hold in our hands like a cell phone..?)
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To: DungeonMaster

No, it smells like foreign countries manipulating our political system. It is an act of war.


13 posted on 12/25/2010 10:05:58 AM PST by FreeAtlanta (Hey, Barack "Hubris" Obama, what are you hiding? Release your Birth Certificate!)
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To: icwhatudo

Two silver dimes from the 50’s bought a gallon of gas. Two silver dimes today buys a gallon of gas with $1.00 left over. Sounds like Fed. problem, make dollars worthless and it is hard to buy real stuff.


14 posted on 12/25/2010 10:09:20 AM PST by Gadsden1st
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To: Thermalseeker
Maybe it is time to charge the king 10 billion a month for our protection services since without us he would be 6 feet under.

I fully remember when Bush was The President when gas got to 3 dollars a gallon the liberal masses started screaming about a Bush and oil company conspiracy. Could that twerp now occupying The White House be in on that same conspiracy?

15 posted on 12/25/2010 10:10:19 AM PST by Plumberman27
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To: Plumberman27
Could that twerp now occupying The White House be in on that same conspiracy?

The sissy in the Whitehouse now either doesn't care, or it's part of his plan to destroy America. I tend to lean towards the latter. That silly 2 year tax rate extension the lame Congress passed isn't going to do squat for the economy because businesses that plan usually plan for longer than 2 years. Uncertainty in the tax rates 3 years out isn't going to cause anyone to hire anybody in any significant numbers. Throw $4/gallon gas into the mix and that screeching sound you hear will be the economy grinding to a halt with stagflation. I'm sure the Kenyan is happy as a clam about it....too bad Ramadan is over. Obamalamadingdong could have made quite a party out of it.....

16 posted on 12/25/2010 10:17:04 AM PST by Thermalseeker (If I print money it's counterfeiting. If the Fed prints money it's quantitative easing?)
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To: FreeAtlanta
The rise in prices has very little to do with supply at this point.

The rise is a result of commodity inflation driven by a falling dollar and all the funny money being printed into circulation within the investment banks.

World-wide demand has decreased over the last 2 years while production is AT LEAST adequate.

17 posted on 12/25/2010 10:20:17 AM PST by Mariner (USS Tarawa, VQ3, USS Benjamin Stoddert, NAVCAMS WestPac, 7th Fleet, Navcommsta Puget Sound)
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To: FreeAtlanta

Can’t or won’t? I suspect the former.


18 posted on 12/25/2010 10:20:23 AM PST by garbanzo (Government is not the solution to our problems. Government is the problem.)
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To: icwhatudo
"Is the cost going up for all currencies? Could this simply be a result of QE2?"

It should NOT be, but is. This due to a "kink" in the worldwide monetary system. In any sane world the dollar would be tanking against most other currencies. However, due to instability throughout the world it is still filling it's "anchor currency" role and it appears all the currencies in the world rise and fall WITH the dollar.

However, the dollar has been falling when measured against nearly every commodity.

So, commodities are getting more expensive for everyone.

Those who are able to perceive this anomaly know that worldwide inflation is about to get out of the cage.

19 posted on 12/25/2010 10:27:35 AM PST by Mariner (USS Tarawa, VQ3, USS Benjamin Stoddert, NAVCAMS WestPac, 7th Fleet, Navcommsta Puget Sound)
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To: DungeonMaster

Have we started drilling in the gulf again?

Seems our government has regulated us out of drilling there, Anwar and just about everywhere else in the continental US.

I would argue that alone is manipulating world’s supply causing an artificial shortage.


20 posted on 12/25/2010 10:31:35 AM PST by 23 Everest (A gun in hand is better than a cop on the phone.)
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To: FreeAtlanta
No, it smells like foreign countries manipulating our political system. It is an act of war.

I don't know what is worse, possible foreign interference with our markets or the fact that Pelosi and Barney Frank voters are actual citizens of this country.

21 posted on 12/25/2010 10:39:55 AM PST by DungeonMaster (My dad put his arm around me like that once, to this very day he wears orthopedic shirts.)
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To: FreeAtlanta
Congress can drive the price of oil down with one simple law, if you buy oil you must pay for it and take delivery in 10 days and you cannot resell it until you have control of it. Speculators are out the door and you have a real free market in oil instead of crony capitalism.
22 posted on 12/25/2010 10:41:10 AM PST by org.whodat
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To: 23 Everest
Have we started drilling in the gulf again?

No. In fact, the demon in the WH just ordered drilling banned again for the next five years...

Obama Administration Admits New Drilling Rules Will Kill Jobs ^

23 posted on 12/25/2010 10:41:38 AM PST by raybbr (Someone who invades another country is NOT an immigrant - illegal or otherwise.)
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To: org.whodat

That might make it hard for Soros and his evil billionaires club to try to manipulate elections.


24 posted on 12/25/2010 10:44:27 AM PST by FreeAtlanta (Hey, Barack "Hubris" Obama, what are you hiding? Release your Birth Certificate!)
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To: raybbr

Correct! And OPEC just announced that they are not going to increase production, plus another post I read here was that China has now surpassed the US as the biggest consumer of oil.


25 posted on 12/25/2010 10:51:24 AM PST by 23 Everest (A gun in hand is better than a cop on the phone.)
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To: FreeAtlanta

Bammy colluding with his oil buddies to drive up prices and earn kickbacks on piss-poor “green” technologies.


26 posted on 12/25/2010 11:19:28 AM PST by VeniVidiVici (Barack Obama - Racing to beat Jimmy Carter for 'Worst President Ever')
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To: FreeAtlanta
I want to make it impossible for any type of manipulations. I've had enough of the financial markets screwing the population of this country and buying the government.
27 posted on 12/25/2010 11:26:07 AM PST by org.whodat
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To: FreeAtlanta
This is another set-up to cause more pain. No more drilling for oil for us. Go Electric———This was another no thought Obammaizm.
28 posted on 12/25/2010 11:46:39 AM PST by ANGGAPO (Layte Gulf Beach Club)
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To: FreeAtlanta
Wrong! It smells like our Dear Leader is driving the stake into our countries heart. The oil available to us almost limitless, providing we can go and get it. But the places where it is are out of bounds for Americans now. Notice how much American money is going to south of the border countries to drill for oil. Oil that we are going to buy at OPEC prices. There is an evil plot afoot.
29 posted on 12/25/2010 12:00:15 PM PST by ANGGAPO (Layte Gulf Beach Club)
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To: DungeonMaster

So the oil companies are drilling freely in the Gulf and the North Slope? That is news to me; do tell.


30 posted on 12/25/2010 5:16:06 PM PST by FreedomPoster (Islam delenda est.)
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To: DungeonMaster

“Smells like free market capitalism to me.”
////////////////////////////////////////////////////////////

You seem to have a problem identifying aromas. Are you able to distinguish fresh baked apple pie from steaming cow pie?


31 posted on 12/26/2010 7:19:10 AM PST by RipSawyer
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