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IEA Oil Dump a Disaster in the Making
Zero Hedge ^ | 6/28/2011 | Zero Hedge

Posted on 06/28/2011 8:11:50 AM PDT by Nobel_1

Posting the last paragraph from the article ...

I don’t know if anyone else has noticed, but this country has been thoroughly gutted over the past few decades. Our industrial base has been dismantled and shipped overseas to the benefit of foreign nations and corporate feudalists. Our grain reserves, once ample, have been depleted to an all time low. Our currency has been systematically debased. And now, our oil reserves, without rational cause, are being sold off only to feed the catastrophe our government is supposedly out to stop. Are the American people being prepped like a glazed ham for the fires of the globalist oven? Is this really all due to coincidence and stupidity as skeptics claim, or is there something else at work here? I find it hard to believe that the IEA and our government are not aware that their proposed strategies conflict with their own source data, or that they are completely oblivious to the destruction they are about to reap upon our economy. The latest IEA decision is just one more piece of evidence of an agenda of deliberate financial destabilization trending towards a disaster that serves the interests of a select few, to the detriment of all the rest.

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


TOPICS: Business/Economy
KEYWORDS: iea; spr
Solid analysis of how the IEA is saying one thing when there OWN PUBLISHED RESEARCH contradicts what they are saying. Just another strong indicator of intentional economic destruction, care of the almighty Zero.
1 posted on 06/28/2011 8:11:57 AM PDT by Nobel_1
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 06/28/2011 8:16:10 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nobel_1

This person has the ticket right on the money!!!! It is a crying shame that the American people are too dumb and stupid to see how effectively Obama is destroying America!!!


3 posted on 06/28/2011 8:16:38 AM PDT by JLAGRAYFOX
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To: Nobel_1

I think he is onto something in that the move was intended to burst the speculation bubble. As hard as the Democrats were whining here about that, Sarkozy in France was crying three times as hard. And he was not getting much traction on calls for more regulation of speculators.

I also agree it is a move likely to fail.


4 posted on 06/28/2011 8:19:01 AM PDT by Buckeye McFrog
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To: All

Summarizing the LIES from Zero ...

Lie #1: Oil Prices Are High Because The War In Libya Has Diminished Supply

Lie #2: The IEA Oil Dump Will Create A Supply Glut And Drive Down Prices

Lie #3: The IEA Oil Dump Was Designed To Hit “Speculators”, Who Are The “Real” Cause Of Energy Inflation


5 posted on 06/28/2011 8:21:40 AM PDT by Nobel_1 (bring on the Patriots!)
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To: Buckeye McFrog

Its a part of a coordinate plan to bleed America of energy.

He has EPA shutting down coal thereby shutting down a huge segment of electricity generation. Why doesn’t he send the EPA to China for the same move?

He has squashed the oil industry.
What can America do with rising energy costs? Now add on his increased taxes....
He is indenturing America to debt and hobbling its development.


6 posted on 06/28/2011 8:27:53 AM PDT by himno hero ("Armageddon is well seeded, America will pay"... Barrack Obama's vision)
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To: Buckeye McFrog

Its a part of a coordinated plan to bleed America of energy.

He has EPA shutting down coal thereby shutting down a huge segment of electricity generation. Why doesn’t he send the EPA to China for the same move?

He has squashed the oil industry.
What can America do with rising energy costs? Now add on his increased taxes....
He is indenturing America to debt and hobbling its development.


7 posted on 06/28/2011 8:28:13 AM PDT by himno hero ("Armageddon is well seeded, America will pay"... Barrack Obama's vision)
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To: Nobel_1

Excellent read. Thanks.


8 posted on 06/28/2011 8:31:32 AM PDT by moovova (That laser-like focus was just a sharp stick in the eye.)
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To: Nobel_1
The IEA will release over 60 million barrels a day for at least 30 days into the markets, half of which will come directly out of the strategic reserves of the U.S.

That would be 1,800,000,000 barrels. I thought the release was 60 million barrels total. Does anyone know what the real amount of the release is?

9 posted on 06/28/2011 9:12:19 AM PDT by jrushing (Anti-American-ProTerrorist-Coward-Fascist-Communist-Socialist-Democratic Party)
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To: jrushing

It’s actually 2 million barrales per day...

IEA press release here...

http://www.iea.org/press/pressdetail.asp?PRESS_REL_ID=418

So 60 million barrales total.


10 posted on 06/28/2011 9:53:59 AM PDT by az_gila
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To: az_gila

Of course...

barrales => barrels

Oops...


11 posted on 06/28/2011 9:55:12 AM PDT by az_gila
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To: Nobel_1

Look, our country is now led by the most successful mole in the history of the world, bent on our destruction. What would you expect?

Its faily obviuos to me there is at least a loose plan for the destruction of the west, and hussein is following it to a tee.


12 posted on 06/28/2011 9:57:01 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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