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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
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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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