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New 'super-spike' might mean $200 a barrel oil(so says Goldman Sachs)
Market Watch ^
| 03/07/08
| Steve Gelsi
Posted on 03/07/2008 7:24:17 PM PST by TigerLikesRooster
click here to read article
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To: mkjessup
“So we should steal what we cant buy? Isnt that why Japan bombed Pearl Harbor?
1.) Absolutely.”
Right, the whole world lives for the good of the USA. And if we can't we should start killing people who don't give us what we are not willing to pay for. That is immoral, and I would say that makes you immoral.
If we do that, the whole world will line up against us.
21
posted on
03/07/2008 7:54:34 PM PST
by
FightThePower!
(Fight the powers that be!)
To: FightThePower!
Isnt that why Japan bombed Pearl Harbor?I thought that was the Germans?
22
posted on
03/07/2008 7:55:18 PM PST
by
ARE SOLE
(Agents Ramos and Campean are in prison at this very moment.. (A "Concerned Citizen".)
To: ARE SOLE
“Isnt that why Japan bombed Pearl Harbor?
I thought that was the Germans?”
Germans? Forget it he’s rolling.
23
posted on
03/07/2008 7:57:27 PM PST
by
FightThePower!
(Fight the powers that be!)
To: TigerLikesRooster
Goldman is giving the rest of us 15 minutes notice.
24
posted on
03/07/2008 8:00:57 PM PST
by
Eric in the Ozarks
(ENERGY CRISIS made in Washington D. C.)
To: FightThePower!
If we do that, the whole world will line up against us.I think the point is, if oil skyrocketed enough, a significant portion of the world would line up alongside us.
But I'd bet against $200 oil anytime soon, whatever GS says.
25
posted on
03/07/2008 8:01:06 PM PST
by
squidly
To: FightThePower!
We should get a few nuclear reactors up and running *soon*. Save the oil for cars and plastic.
And stop burning our *food* for energy!!
26
posted on
03/07/2008 8:04:40 PM PST
by
Marie
(Why is it that some people believe everything that happens is the will of G-d - except Israel?)
To: TigerLikesRooster
It might also be a matter of a shrinking dollar. They seem to be saying that it might “spike” to $200. That suggests a hyperbolic upmove and a quick drop, the way gold behaved in 1980.
27
posted on
03/07/2008 8:05:43 PM PST
by
Cicero
(Marcus Tullius)
To: squidly
“But I'd bet against $200 oil anytime soon, whatever GS says.”
Well, Bernacki is increasing the amount of money in circulation by 25% a year so I'd say we will be there in a minimum of 4 years.
28
posted on
03/07/2008 8:12:03 PM PST
by
FightThePower!
(Fight the powers that be!)
To: TigerLikesRooster
More like they have positioned themselves to benefit from a market jump caused by causing more uncertainty in the oil market.
To: FightThePower!
So we should steal what we cant buy? It was ours to begin with. Who do you think explored, drilled and produced oil out of the Middle East? It certainly wasn't those Muslim simpletons.
If not for our efforts 80 years ago, those camel-jocks would still be wandering the sands.
We should take it back.
30
posted on
03/07/2008 8:36:53 PM PST
by
buccaneer81
(Bob Taft has soiled the family name for the next century.)
To: FightThePower!
Right, the whole world lives for the good of the USA. And if we can't we should start killing people who don't give us what we are not willing to pay for. That is immoral, and I would say that makes you immoral.Thanks for weighing in , Senator Obama.
31
posted on
03/07/2008 8:39:18 PM PST
by
buccaneer81
(Bob Taft has soiled the family name for the next century.)
To: mkjessup
OPEC will stand for Occupied Petroleum Exporting Colonies. Now THAT has a nice ring to it. A REALLY nice ring.
32
posted on
03/07/2008 8:47:28 PM PST
by
TLI
( ITINERIS IMPENDEO VALHALLA)
To: TigerLikesRooster
We are a paper tiger to take this, we have leverage in many ways, just exercise them.
33
posted on
03/07/2008 8:57:12 PM PST
by
boomop1
To: Balding_Eagle
"$200 oil right before the election might be the best thing in the long run."
But Bush won't be able to help his "oil buddies make obscene profits" after 2009. What will liberals blame high prices on?
34
posted on
03/07/2008 9:06:40 PM PST
by
boop
(Democracy is the theory that the people get the government they deserve, good and hard.)
To: FightThePower!
Indeed - Greater East-Asian Co-Prosperity Sphere
But it did not work
Maybe this time ???
35
posted on
03/07/2008 9:28:59 PM PST
by
Seajay
(Ordem e Progresso)
To: TigerLikesRooster
If the price goes high enough, not only will we be drilling in ANWAR, but also off the coast of Florida and California.
36
posted on
03/07/2008 10:17:25 PM PST
by
FFranco
To: FightThePower!
Right, the whole world lives for the good of the USA. And if we can't we should start killing people who don't give us what we are not willing to pay for. That is immoral, and I would say that makes you immoral. If we do that, the whole world will line up against us. If the government would do what they actually CAN do, like imposing sanctions that really have an impact on them as much as the out of control oil price has on us, we would be laughing at them now.
37
posted on
03/07/2008 10:24:23 PM PST
by
X-FID
To: FFranco
It could be, partly, because indications are that a terrorist attack is imminent.
To: TigerLikesRooster
Hmm.. I am sure that Goldman Sachs has already positioned itself to benefit from super-hike. It would help if Abby Joseph Cohen does cheerleading for high oil price. She is good at talking things up.:-) I have read / heard that the high oil prices are all due to speculation.
It's actually the cost of "oil futures" that is going up, as the prices we are seeing is what the stock market is actually paying for oil that isn't even out of the ground yet.
I notice some posters conjecturing that the problem may be solved by military action.
Only a political neophyte would make a move like that.
More likely, the FTC will ban all trading in oil futures, and end all speculation on the market.
Goldman Sachs and others could find themselves eating big losses if the FTC gets involved.
39
posted on
03/07/2008 10:42:59 PM PST
by
Drammach
(Freedom - It's not just a job, It's an Adventure)
To: Drammach
So it seems who will be whacked all depends on who has the bigger lobbying power, OPEC or Wall St.:-)
40
posted on
03/07/2008 10:51:11 PM PST
by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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