$100 A Barrel Oil is on the Way

#732
#732
I40VOL said:
hey oil dropped to $123
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Hey oil is right back up... Up $11 today and a new record of $139 on a report by Morgan Stanley that oil could hit $150 by 4th of July.

Has a real feeling of a suckers rally. Also MS is one of the firms that congress has blamed for oils rise due to market manipulation because they are one of the biggest oil traders. Basically they put this report out so they could unload positions to bagholders aka average investor.

Oil rises jump more than $10 to new record high: Financial News - Yahoo! Finance


Hey this guy says $200 oil would be a good thing

Fund Manager Why 200 Oil Would Be a 'Good' Thing: Tech Ticker, Yahoo! Finance

Yea for people who own oil wells
 
#735
#735
Its such BS cause the world economy is slowing, demand for Oil is weakening, Inventories are at all time highs, and there is plenty of excess supply.

Morgan Stanley is pulling off one of the biggest scam jobs since Enron
 
#739
#739
wonder why Pelosi/Reid aren't bringing in the oil speculators for a Congressional tongue lashing. Seems to me as if they're the ones making all the money off the price of oil.
 
#740
#740
MG1968 said:
wonder why Pelosi/Reid aren't bringing in the oil speculators for a Congressional tongue lashing. Seems to me as if they're the ones making all the money off the price of oil.
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Im still waiting on Pelosi to back her word and lower gas prices.:birgits_giggle: Don't worry guys, Obama is going to "change" everything for us. We can trust the Dems.:)
 
#741
#741
Power Line: Who's to Blame for High Gas Prices?

Congressman Roy Blunt put together these data to highlight the differences between House Republicans and House Democrats on energy policy:

ANWR Exploration House Republicans: 91% Supported House Democrats: 86% Opposed

Coal-to-Liquid
House Republicans: 97% Supported
House Democrats: 78% Opposed

Oil Shale Exploration
House Republicans: 90% Supported
House Democrats: 86% Opposed

Outer Continental Shelf (OCS) Exploration
House Republicans: 81% Supported
House Democrats: 83% Opposed

Refinery Increased Capacity
House Republicans: 97% Supported
House Democrats: 96% Opposed

SUMMARY

91% of House Republicans have historically voted to increase the production of American-made oil and gas.

86% of House Democrats have historically voted against increasing the production of American-made oil and gas.
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#742
#742
OIL you stupid MFers!

We have the sorriest collection of ignorant and or corrupt leaders imaginable. This country needs oil to survive and we are getting bent over and jammed on the price of it. There is no telling how much we have under our own noses and we regulate exploring, retreiving, and refining it to asinine levels. This country will get what it deserves for allowing such nonsense as this environmental movement to push into this needy position. FORT!

If I were John McCain I would run and promote an endless message stating I'll do everything possible to repeal any restriction whatsoever in regards to gaining access and using every drop of oil within this country.
 
#745
#745
FORT I am pissed robbins!

Do you know why oil jumped $11 today?

I heard part of it was because some hardline Israeli politician that would like to vy for Olmert's job said Ahmadinejad would disappear before Israel would. Hardline type talk and thus oil jumped.

We are at the mercy of a bunch of religious maniacs for one oour most precious needs.
 
#746
#746
allvol123 said:
FORT I am pissed robbins!

Do you know why oil jumped $11 today?

I heard part of it was because some hardline Israeli politician that would like to vy for Olmert's job said Ahmadinejad would disappear before Israel would. Hardline type talk and thus oil jumped.

We are at the mercy of a bunch of religious maniacs for one oour most precious needs.
Click to expand...

Man this time I really dont even know man. I think some of it was the stuff you said and some was maybe some short covering and lord only knows what else. This jump like we seen today was like something I have never seen before man, just unreal.
 
#749
#749
They are trying there best to push this to $150. I really don't think they will be happy enough to stop this push. $200 might well be on the way. When is enough, ENOUGH??????????
 
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