Oil Hits $82 a barrel
- Thread starter Pants
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It's a lie. The only reason why oil is going up is because the value of the dollar is going down, and down fast. Oil historically goes down in the fall after the heavy demand of summer vacationers.
They lie, are you surprised?
sofia
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There are different reasons at different times for oil price fluctuations.
Major events, speculations, increase/decrease in production or demand etc.
But in this particular case, it is purely the result of pure inflation (Bernanke's printing press)
ALL commodities are trending "upward" (gold, silver, copper, foreign currencies etc) because the dollar is losing value.
Obama's debts are funded in large part by the FED creating money to buy Government Bonds so that Obama can spend...spend...spend
A
Arklatex
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Dollar got hammered today, my copper stock TGB was up 5%
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Arklatex
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Silver faired nicely too
Johnnybags
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All dollar related
Look at the commodity market as an airline going broke. They had the sale already a few months ago, now they will realign capacity, the weak go broke and the strong work for a profit, not to pay next months loan. So now, all commodities will be priced profitably. Canada Tar sands oil cannot be sold at 50.00 at a profit, its 75.00 to 80.00. There is ample supply but not to be sold at a discount to cost. Same with all commodities, the last of which to rebound will be lumber. Mills have closed, inventory sold off and layoffs all over. Once the supply and demand picture is even the price will go back up to operate at a profit. As the dollar has nowhere to go but down, commodities will rise and if demand is weak, they will just layoff people rather than sell at a loss. What it means is high prices,sluggish demand and huge unemployment.
Look at the commodity market as an airline going broke. They had the sale already a few months ago, now they will realign capacity, the weak go broke and the strong work for a profit, not to pay next months loan. So now, all commodities will be priced profitably. Canada Tar sands oil cannot be sold at 50.00 at a profit, its 75.00 to 80.00. There is ample supply but not to be sold at a discount to cost. Same with all commodities, the last of which to rebound will be lumber. Mills have closed, inventory sold off and layoffs all over. Once the supply and demand picture is even the price will go back up to operate at a profit. As the dollar has nowhere to go but down, commodities will rise and if demand is weak, they will just layoff people rather than sell at a loss. What it means is high prices,sluggish demand and huge unemployment.
Well.. Obama followers seem to say "The dow is above 10,000." They are like robots and you can't tell them any different.
Natural Gas is at $5.07
Sugar, Wheat, Corn, Soybeans, and Rice are also at 14 month highs.
It looks like everyone who has money invested anywhere wins.. But by Christmas if you have to withdraw some of your investments to put food on the table, or need gas to drive to work... Who REALLY wins? Especially since you made a so called "profit" on those investments you not only get screwed because you have to withdraw to buy necessities.. But then Capitol Gains come into play.
Natural Gas is at $5.07
Sugar, Wheat, Corn, Soybeans, and Rice are also at 14 month highs.
It looks like everyone who has money invested anywhere wins.. But by Christmas if you have to withdraw some of your investments to put food on the table, or need gas to drive to work... Who REALLY wins? Especially since you made a so called "profit" on those investments you not only get screwed because you have to withdraw to buy necessities.. But then Capitol Gains come into play.
Last edited:
lester1/2jr
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nat gas hasn't gone up the way oil or gold has. non coincidence: china doesn't import natural gas.
invest accordingly
invest accordingly
true
But how do you plan for this if you have no job about to lose your home?
I guess stock up on Sugar, Flour, Salt, Rice, corn.... Buy good quality seeds.. Go to Goodwill and buy some books on canning.. There probably is a short window of opportunity to stock up before the prices start affecting the consumer level. Even if it doesn't happen as bad as we think.. Or its a false alarm.. The goods will eventually be consumed...
But how do you plan for this if you have no job about to lose your home?
I guess stock up on Sugar, Flour, Salt, Rice, corn.... Buy good quality seeds.. Go to Goodwill and buy some books on canning.. There probably is a short window of opportunity to stock up before the prices start affecting the consumer level. Even if it doesn't happen as bad as we think.. Or its a false alarm.. The goods will eventually be consumed...
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Arklatex
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Wow check out TGB this week:
HOLLYWOOD
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So where's the price increases? We have refiners closing down some of the refineries and others reducing capacity because of lousy crack spreads to jack prices. Oil is up on the tanking Greenback... another government induced economic disaster with indicators to kill the economy.
It's also getting to the point where it's like the people against the fascist state in a WWE match. We the weaker/poorer corner against a team of professional corrupt titans taking turns beating our savings accounts and faces into the mat.
It's also getting to the point where it's like the people against the fascist state in a WWE match. We the weaker/poorer corner against a team of professional corrupt titans taking turns beating our savings accounts and faces into the mat.
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