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07-21-2008, 04:47 PM | #1 |
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Opening up drilling will have no impact
on the price of oil for 10 years. At least that is what I keep hearing from the dems.
Is the fact oil prices started falling right after Bush lifted the drilling ban just a coincedence? |
07-21-2008, 04:51 PM | #2 |
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In a market where speculation seems to drive the price of oil (or at least has a significant effect)? Probably not a coincidence.
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07-21-2008, 05:01 PM | #3 | |
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Wow, you hold yourself out to be a paragon of financial wisdom, yet this is cause and effect for you? |
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07-21-2008, 05:06 PM | #4 | |
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What drops before then are you talking about. I thought I heard the drops over the last week were the largest for quite some time. I don't think I said it was cause and effect, I was asking for alternative reasons. Of course you provided none. Just your usual style. Try to belittle me and then put words in my mouth. |
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07-21-2008, 05:08 PM | #5 | |
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I guess you didn't hear about this. |
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07-21-2008, 05:12 PM | #6 | |
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Many people have been saying demand is going down for weeks and yet nothing happened. Maybe the right people finally heard it. So I guess it is a perception of supply and demand either way. You know OPEC saying useage is going down next year is a projection on the future as it pertains to supply and demand. |
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07-21-2008, 05:14 PM | #7 |
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07-21-2008, 05:21 PM | #8 | ||
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Quote:
Quote:
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07-21-2008, 05:27 PM | #9 | |
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Great. Bush moved it the first $5-6 and then OPEC helped it another $8-9. |
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07-21-2008, 05:30 PM | #10 | |
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Quote:
This very link says that world oil demand will go up, now down. Only OPEC oil is predicting a slight slow down in demand. OPEC oil accounts for what....about 55-60% of our imported oil as of a year or so ago? Why is OPEC oil predicting a slight surplus? Because the US is looking elsewhere to gets is oil, tired of getting gouged by OPEC. So your link really doesnt support what you are trying to say. Also, you seem to not understand what OPEC is. par for the course.
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