Posted on 06/26/2005 2:38:47 PM PDT by M. Espinola
$60.00
$70.00
$100.00
ANWR will do little to stop this trend.
oil might go beyond $60 even, $70 but it wont hit $100 unless SAudi Arabia falls.
High oil prices have built into them their own demise.
Anyone remember "85 by 85"
At the recent Bilderberger meeting, Heinz Kissinger said that they would take the price of a barrel of light, sweet crude oil to $120.
Brace yourselves.
Unfortunately that is correct. We are after all in a global energy market.
Hopefully it will come down, or at least won't spike any higher, before the 2006 elections.
It would be nice if we could get some oil out of Iraq, what are they doing with the stuff.
""At the recent Bilderberger meeting, Heinz Kissinger said that they would take the price of a barrel of light, sweet crude oil to $120.""
oh conspiracy BS
There are other forces busy at work with various economic agenda's. There is also a potential of $200 and even Bilderberger types with have little or no influence if the Middle-East, all of a sudden blows up centered right in the oil rich 'Persian' Gulf.
We need to mindful one group of fanatics have already attempted to total disrupt the western economy via attacking the 'World Trade Center' plus other failed financial 'targets' on a clear, sunny day in September of 2001, which they turned into a dark day of mass murder.
unless the administration opens the SPR to pop the speculative bubble, wall street will continue to talk it up. the financial markets are using oil as the new "tech stocks".
"This war is a powder keg,'' said Chavez, after meeting with Brazil's President Luiz Inacio Lula da Silva. "It could take the price of a barrel to US$100. I hope it doesn't.''
September 16, 2004
http://www.kenai-peninsula.org/archives/000225.html
iraq is selling plenty of oil - at $60 a barrel. they should be selling some of it to the US at $40 as a form of war reparations.
I believe there will be some serious profit taking throughout the energy sector, however the era of long term cheap energy seems to have drawn its last breath.
so what?
which war?
a statement from 9 months ago?
Al-Sistani is keeping an eye on his oil.
We acquired two 50 mpg vehicles last month that have cut our consumption in more than half "for the duration". When oil goes back down, we can go back to the SUVs.
people dont realise that the american consumer makes changes to their habits, although not overnight.
In 1973 the US consumer 20m barrels of oil per year. By 1982 it was 14m (there was a recession however that year).
SUV sales are down 25%
Bureau of Labor Statistics indicated Americans are consuming 1% less gasoline than last year at this time.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.