Posted on 05/05/2011 8:40:46 AM PDT by OrangeHoof
Will we hear people complain about speculators and hedge funds now?
Probably not....
Why would anyone complain about them getting out of the market?
The government has no choice but to inflate.(IMO)
Gold and Silver Sell Offs Are Precious Metals Bull Market Investment Opportunities
There is one refinery in Tennessee.
Premcore Refining Group operates a 180,000 BPD facility in Memphsis.
http://eia.doe.gov/pub/oil_gas/petroleum/data_publications/refinery_capacity_data/current/table3.pdf
This is the same refinery that was the only refinery in Tennessee back in 2008.
Tennessee (like most states) does produce some oil; they average about 1,000 barrels per day.
http://eia.doe.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm
Tennesse uses about 209,000 barrels per day of gasoline, 29,000 bpd of jet fuel, 80,000 barrels per day of diesel, fuel oil and other distillate.
Murphy Express is owned by Murphy Oil Corporation.
http://www.murphyusa.com/about_us/
Murphy runs refineries in Meraux, Louisiana and Superior, Wisconsin. They also have a refinery in the UK.
http://www.murphyoilcorp.com/operations/marref/default.aspx
the price is being manipulated up and down, and those responsible for the manipulation up are responsible for the manipulation down
Obama is in the pocket of Arab Oil.
The problem is that summer isn't even here yet. I think shooting Bin Laden was the Obama administration's way of lowering gas prices.
It's not like they were going to upset their cash generating environmental policies when all you have to do is kill a terrorist.
Which begs the question: how long has the administration known about Bin Laden's hideout?
And gas (and food) prices will keep on rising.
Now oil is rising sharply again. The “news” (propaganda) on the economy yesterday was all negative and scary. Nearly seizing the western economy and realizing their mistake, the masters of the universe reversed the propaganda today. We’re in a recovery! ;-)
It had to be a close source though. Other companies like Pilot were going a lot further away for far more expensive fuel and it was hit and miss. That station had a consistent supply though when others had bags on the pumps. They were the very first in the region to lower prices substancially though and remained such till the pipeline was running again down at the farm. I think Murphy might also have a tank down at the farm in Knoxville. I drive by that tank farm at least every other week. Plenty of room to expand it especially now. That farm services about a 100 mile plus radius and several states.
Forever, he's never been out of touch, he was hired by us as a bagman for Afghanistan way back in the previous center when we decided to give Russia the gift of their very own Vietnam war.
ps- they also know he died a year after the Twins were blown(he had Maysfan syndrome{I think that's how it's spelled}, nobody lives very long with that).
1) Bin Laden’s killing
2) Filled up all the tankers so they can’t float the oil offshore
3) The refusal of the European Central Bank to raise interest rates indicates that economic activity is still not growing at a sufficiently high rate.
4) US demand dropped
All four.
I’d categorize it more as holding steady. WTI rose slightly and Brent Crude fell slightly on Friday after dropping about $10/bl each on Thursday.
Not to suggest the “masters” are asleep at the switch. They probably felt it was time for some profit-taking.
And, where is your proof of these statements? Or is it just an opinion?
Event driven and events are controlled.
So, opinion + plenty of decades of experience in observing and reading events.
Can we see that political decisions have driven the price up, and that the same decision/series-of-decisions will have its own apex that will then cause the fall of oil prices?
The manipulation envisions both the up and the down.
Then there will be another decision/series-of-decisions that causes a rise, an apex, and then a fall.
Nothing hard about it at all.
I hit it. 100 oz. coming my way.
i would have gotten 10,000 oz if i was you
Prices have to drop to make their NWO boy Obama look good.
Back in late '08, when silver was below $10, I had the idea of going down to the bank with one of those cloth briefcases to buy a 1,000 oz silver bar. It would have made for a good Youtube gag, but I couldn't find anyone to film it so I dropped the idea. It would have been funny, trying to haul out 68 punds of metal in a briefcase.
And, of course, it would have made for a great Youtube moment had the briefcase bag torn. Would have damaged the silver, though.
Expect more damage and delays, shutdowns in both delivery of product, and receipts of crude, from the refineries in MS and LA affected by the flood crest moving down the Mississippi.
Obama is torn: he MUST have prices go down to avoid a 2012 defeat, but he WANTS them to go up because his philosophy of socialism and social justice HATES capitalism and most especially Texas big oil.
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