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Sweet, sweet Oil

  • #121
  • Jun 8, 2008 11:43am Jun 8, 2008 11:43am
Quoting mike w
That said it all.

And for Salah K., Some dude made a car like that in the 80's but was then found murdered. Coincidence? I doubt it. They won't let that kind of car come out- it cuts down on profit way too much for the big players.
I doubt it, too. But it was another time. the 80s. The world was less complicated (or more drug driven), players were the children-eating comunists and the freedom-freaks Americans, with their bigass nuclear weapons rather than crazy suicidal junkies.

Anyway, there is a big pot for the company that comes out with a, say $20K-$40K electric (or other source) powered cars. Consumers, greenpeace, Gore are gonna love them. Stocks will go through the roof....

OPEC will then drive oil prices to $10 a barrel, for $19,99 you will buy rights for 7 virgins in heaven and so the story goes.

  • #122
  • Jun 8, 2008 11:58am Jun 8, 2008 11:58am
Quoting mike w
That said it all.

And for Salah K., Some dude made a car like that in the 80's but was then found murdered. Coincidence? I doubt it. They won't let that kind of car come out- it cuts down on profit way too much for the big players.
Maybe back then, but today is a different story. As Cesar already said (basically), there is going to be a lot of money in it for the first company to come out with a non-gasoline fueled car. Consumer sentiment wants such a car, especially if oil continues to climb in price. Will such a car's introduction and popularization drive down oil prices so that they are competitive? Tough to say at this point. I would think that invention of such a car would mean the US would be on it's way to being oil dependency free. That would certainly bolster the dollar and take the wind out of the sails of oil.
  • #123
  • Jun 8, 2008 1:27pm Jun 8, 2008 1:27pm
I agree guys...We are at a turning point...Something is going to change, and it will be big. It is simply inevitable. It is the end of an era and the beginning of a new one. Big oil is dying I've said that multiple times here. When prices are raised to the ridiculous level, buyers look elsewhere-inventors look elsewhere- it causes a great turning away. Then when the tide really changes, oil will plummet, and be left in the end saying c'mon guys come back! The high prices coupled with all the global warming propaganda, real or not, is also a sign of dying oil. I don't think this global warming thing is going away anytime soon. Even before oil prices were at these high levels, people were becoming more 'earth friendly,' and looking for ways to cut down on their oil usage. This is all really really bad for oil. The money will move away from oil soon.
With gas at $4+ a gal across the US, there are already people who can barely afford to drive to work. And that is really bad for the dollar. If prices move up to $6-7 a gallon, this will stall the US big time. That will be the time someone steps up and says hey look at my Chevy suburban I rigged up to run on hydrogen in my backyard! It runs on water! People will rise up and say thank God! I'll take one of your backyard kits, how much?! The public outcry will be so loud for this new energy source, fortunes will be made and lost overnight.This is soooo close to happening. Running cars on hydro is old technology. It could be easily done, the money is what has prevented this in the past.
I predict the death of oil within the next 5-10 years at the most. China will follow us in the hydrogen direction then also.
It will be fascinating to watch what shape the middle east then takes. We are living in a time of big history folks. With the world as big as it is now in terms of the amount of people and the demand for energy, we will witness the biggest paradigm shift of all time.

Scotty B
  • #124
  • Jun 8, 2008 4:09pm Jun 8, 2008 4:09pm
Today started a general national carriers strike in Spain for all the week at least... Because of the oil prices... supermarkets can be emptied in 3 days without the carriers...
  • #125
  • Jun 8, 2008 4:24pm Jun 8, 2008 4:24pm
Quoting mike w
That said it all.

And for Salah K., Some dude made a car like that in the 80's but was then found murdered. Coincidence? I doubt it. They won't let that kind of car come out- it cuts down on profit way too much for the big players.
seriously a car on hydrogen in the 80's
murdered of course not a concidence

but seriously guys its all about politics
iran-israel threats on friday drove to the highest one day range ever Conincidence????
its not only about dollar weakness its more politically driven.

the oil industry is probably the biggest cartell in the world.(A certain king was killed a while back because of oil embargo, Coincidence)

supply and demand issues only work oil if there is absolutely no new political distress.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #126
  • Jun 8, 2008 4:53pm Jun 8, 2008 4:53pm
Hydrogen is a pipe dream nothing else, it is not the solution, there simply is not a solution at present.

reasons :-

1. Hydrogen is too small a particle makes it very hard to contain or pipe around.
2. It's very explosive car crash ='s big potential damage to the surrounding area.
3. It takes alot of energy to extract from water, best process is 30% efficent so 3x's the electricity required than what you get back, hmmmm.


Fuel Cells are the best bet, but very costly, hard to mass produce damn near impossible on the scale required, like all things they might improve but we shall see.

Oil, isn't just used to power cars though, it's used for plastics and fertalisers without it food sources would be limited or very expensive.

But cutting cars outta the equation would ofcourse extend the life we've got left of oil and reduce the demand so supply can cope.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #127
  • Jun 8, 2008 5:00pm Jun 8, 2008 5:00pm
Quoting SunTrader
Conspiracy theorists never rest on the 24/7/365 internet.
That's just rumour!
The market reveals who we really are...
  • #128
  • Jun 8, 2008 5:14pm Jun 8, 2008 5:14pm
I found this on google, does anyone wanyt to check it out, if it is true then the people of the USA should start to show their muscle.

The lies the manipulation just who pays for these third world loans that get wiped out - you do look at this video it makes sense

http://video.google.com/videoplay?do...67011147&hl=en

wake up we are being lied too.

Smalldog2
  • #129
  • Jun 8, 2008 5:27pm Jun 8, 2008 5:27pm
Quoting emda
Today started a general national carriers strike in Spain for all the week at least... Because of the oil prices... supermarkets can be emptied in 3 days without the carriers...
Short Carrefour??
  • #130
  • Jun 8, 2008 10:21pm Jun 8, 2008 10:21pm
Quoting cesarnc
Anyway, there is a big pot for the company that ....

OPEC will then drive oil prices to $10 a barrel, for $19,99 you will buy rights for 7 virgins in heaven and so the story goes.

Somebody say pot?

And all I got is $9.99. Do I get 3 1/2 virgins then? I'll drink till I get double vision to complete the picture.
  • #131
  • Jun 8, 2008 11:01pm Jun 8, 2008 11:01pm
Quoting smalldog2
I found this on google, does anyone wanyt to check it out, if it is true then the people of the USA should start to show their muscle.

The lies the manipulation just who pays for these third world loans that get wiped out - you do look at this video it makes sense

http://video.google.com/videoplay?do...67011147&hl=en

wake up we are being lied too.

Smalldog2
Very interesting vid man. That led me on a youtube extravaganza! From the NAU to Iran and their sale of oil in non dollar currencies. I looked on the charts and just a few days after their exchange opened, oil started another massive move up. Things are changing big time in this world. I wonder if the US will allow Iran to keep it up?
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  • #132
  • Jun 11, 2008 7:18am Jun 11, 2008 7:18am
Quoting cesarnc
Short Carrefour??
3 days of strike now.. and the shops are starting to be emptied... and police says it can be worse... no food on shops.. no mail... don't send mail to spain...
  • #133
  • Jun 14, 2008 5:33am Jun 14, 2008 5:33am
Stocks advanced for a second consecutive session Friday after government readings on inflation and a decline in oil prices helped contain some worries about the effect of rising prices on strapped consumers. The major market indexes at times rose more than 1 percent, with the Dow Jones industrials gaining more than 100 points.
Short-term Treasury prices rose after being pounded earlier this week on fears that the Federal Reserve would be forced to raise interest rates to combat inflation.
But the readings arriving Friday and gains in the dollar supported a notion that the Fed will be able to walk a middle line as it seeks to balance the well-being of a fragile economy and pressures from rising prices. Recent drops in the dollar had contributed to higher oil prices because a weaker dollar makes each barrel more expensive.
"The news today tells us that it's not getting worse," said Linda Duessel, equity market strategist at Federated Investors. She said that while investors aren't necessarily seeing improvement in areas like inflation, they appear relieved that prices are not running out of control and forcing the Fed to hike rates and risk sending the economy into a downturn.
"I think market watchers are hoping and expecting that we don't need another rate cut," she said.
The government's report that prices are rising came as no surprise to investors or consumer alike. The Labor Department's Consumer Price Index grew 0.6 percent last month, which was just above the 0.5 percent economists had expected. The core inflation reading, which excludes often volatile food and energy prices, edged up a more moderate 0.2 percent, as expected.
While overall inflation showed its biggest one-month gain since November, the fact that the run-up seems largely contained to food and energy appeared to give investors some solace. Price spikes in all areas could make it harder for some consumers to reach into their wallets for anything more than the basics. And a pullback in consumer spending, which accounts for more than two-thirds of U.S. economic activity, could derail investors' hopes of seeing an economic recovery later in the year.
Still, the rise in energy costs is leaving some consumers in a downcast mood. The Reuters/University of Michigan preliminary reading on consumer sentiment for June fell to 56.7 from 59.8 last month.
But the easing of some inflation concerns Friday appeared to bolster the case for the Fed to keep rates unchanged when it meets June 24-25 and to perhaps hold off on increasing rates for several meetings. But comments this week from Fed officials make clear that policymakers are mindful of rising prices and the taxing effect they can have on the economy.
  • #134
  • Jun 14, 2008 5:51am Jun 14, 2008 5:51am
Endless supply of oil?

http://www.engdahl.oilgeopolitics.ne...___russia.html
  • #135
  • Jun 15, 2008 1:25am Jun 15, 2008 1:25am
Quoting Turveyd
Hydrogen is a pipe dream nothing else, it is not the solution, there simply is not a solution at present.

reasons :-

1. Hydrogen is too small a particle makes it very hard to contain or pipe around.
2. It's very explosive car crash ='s big potential damage to the surrounding area.
3. It takes alot of energy to extract from water, best process is 30% efficent so 3x's the electricity required than what you get back, hmmmm.


Fuel Cells are the best bet, but very costly, hard to mass produce damn near impossible on the scale required, like all things they might improve but we shall see.

Oil, isn't just used to power cars though, it's used for plastics and fertalisers without it food sources would be limited or very expensive.

But cutting cars outta the equation would ofcourse extend the life we've got left of oil and reduce the demand so supply can cope.
What about biofuels? It's everywhere around the landfills. All we need is a way to extract that. What is its latest news?
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  • #136
  • Jun 15, 2008 3:56am Jun 15, 2008 3:56am
Can you guys tell me how you trade this with the forex....for example if oil goes up today does tha mean yuo expect to drop...or what are the correlation around this?
Also if anyone know how do you do it wiht gold
  • #137
  • Jun 15, 2008 10:27am Jun 15, 2008 10:27am
Hi sherm, im new but from what i read

if USD is high gold and oil are down

vice versa !

Anyone correct me if im wrong.

Peace
  • #138
  • Jun 15, 2008 11:05am Jun 15, 2008 11:05am
Quoting forexpert
What about biofuels? It's everywhere around the landfills. All we need is a way to extract that. What is its latest news?
I just read an article about how Toyota is designing "carbon neutral" vehicles that will run on,among other things, wood chips.
(This is of great importance, considering that a run on biofuels has led to food riots in poor countries because corn and other crops
that would have been used to feed people is now too expensive for the masses.)

Toyota promises plug-in hybrid vehicle by 2010

More:

http://www.google.com/search?hl=en&n...neutral+toyota+
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #139
  • Jun 15, 2008 11:44am Jun 15, 2008 11:44am
we only have to wait 1 more year to melt all the ice of the north pole... then we will have some international wars to control the area and get all the oil that has been protected under the ice.
  • #140
  • Jun 15, 2008 11:50am Jun 15, 2008 11:50am
Quoting Scotty B
Very interesting vid man. That led me on a youtube extravaganza! From the NAU to Iran and their sale of oil in non dollar currencies. I looked on the charts and just a few days after their exchange opened, oil started another massive move up. Things are changing big time in this world. I wonder if the US will allow Iran to keep it up?
There are some articles that America ought to read on this subject.
This short missive is from Bloomberg, July 2007:

Iran Asks Japan to Pay Yen for Oil, Start Immediately

►
Iran wants yen-based transactions ``for any/all of your forthcoming Iranian crude oil liftings,'' according to a letter sent to Japanese refiners that was signed by Ali A. Arshi, general manager of crude oil marketing and exports in Tehran at the National Iranian Oil Co. The request is for all shipments ``effective immediately,'' according to the letter, dated July 10 and obtained by Bloomberg News.

The yen rose on speculation for an increase in demand for the currency, the result of Japan's annual 1.24 trillion yen ($10.1 billion) of oil imports from Iran. Central bankers in Venezuela, Indonesia and the United Arab Emirates have said they will invest less of their reserves in dollar assets because of the weakening currency.

``What else can Japan do but to accept the request, once the oil producer sent its wish?'' said Hirofumi Kawachi, an analyst at Mizuho Investors Securities Co. in Tokyo. ``The tensions between the U.S. and Iran are escalating, and it's Iran's measure to hedge risk.''

A spokesman for Iran's oil ministry in Tehran said he could neither confirm nor deny that the letter had been sent. Most Japanese oil refiners have until now used U.S. dollars to pay Iran for oil, said the spokesman, who declined to be identified by name because of government policy. ◄

And this is the long version. It is found on a website called currentconcerns.ch -- sort of a Swiss version of the Economist.

A New American Century?

Iraq and the hidden euro-dollar wars

►
The crucial shift took place when Nixon took the dollar off a fixed gold reserve to float against other currencies. This removed the restraints on printing new dollars. The limit was only how many dollars the rest of the world would take. By their firm agreement with Saudi Arabia, as the largest OPEC oil producer, the ‘swing producer’ Washington guaranteed that the world’s largest commodity, oil, the essential for every nation’s economy, the basis of all transport and much of the industrial economy, that oil could only be purchased in world markets in dollars. The deal had been fixed in June 1974 by Secretary of State Henry Kissinger, establishing the U.S.-Saudi Arabian Joint Commission on Economic Cooperation. The U.S. Treasury and the New York Federal Reserve would ‘allow’ the Saudi central bank, SAMA, to buy U.S. Treasury bonds with Saudi petrodollars. In 1975 OPEC officially agreed to sell its oil only for dollars. A secret U.S. military agreement to arm Saudi Arabia was the quid pro quo.

Until November 2000, no OPEC country dared violate the dollar price rule. So long as the dollar was the strongest currency, there was little reason to as well. But November was when French and other Euroland members finally convinced Saddam Hussein to defy the United States by selling Iraq’s oil-for-food not in dollars, ‘the enemy currency’ as Iraq named it, but only in euros. The euros were on deposit in a special UN account of the leading French bank, BNP Paribas. Radio Liberty of the U.S. State Department ran a short wire on the news and the story was quickly hushed.[2]

This little-noted Iraq move to defy the dollar in favor of the euro, in itself, was insignificant. Yet, if it were to spread, especially at a point the dollar was already weakening, it could create a panic selloff of dollars by foreign central banks and OPEC oil producers. ◄◄◄ In the months before the latest Iraq war, hints in this direction were heard from Russia, Iran, Indonesia and even Venezuela. An Iranian OPEC official, Javad Yarjani, delivered a detailed analysis of how OPEC at some future point might sell its oil to the EU for euros not dollars. He spoke in April, 2002 in Oviedo Spain at the invitation of the EU. ►►All indications are that the Iraq war was seized on as the easiest way to deliver a deadly pre-emptive warning to OPEC and others, not to flirt with abandoning the Petro-dollar system in favor of one based on the euro. ◄◄◄

Informed banking circles in the City of London and elsewhere in Europe privately confirm the significance of that little-noted Iraq move from petro-dollar to petro-euro. ‘The Iraq move was a declaration of war against the dollar’, one senior London banker told me recently. ‘As soon as it was clear that Britain and the U.S. had taken Iraq, a great sigh of relief was heard in London City banks. They said privately, “now we don’t have to worry about that damn euro threat”’.

Why would something so small be such a strategic threat to London and New York, or to the United States that an American President would apparently risk fifty years of alliance relations globally, and more to make a military attack whose justification could not even be proved to the world?
The answer is the unique role of the petro-dollar to underpin American economic hegemony...◄ (ct'd) at this link:

http://www.currentconcerns.ch/archiv...4/20030409.php

This is why American commentators on Fox News can say that "Saddam attacked America" with a straight face --
because even though I believe there were no links between Saddam and 9/11, Saddam actually did attack America:
he tried to initiate its next Great Depression.

The news made CNN.com on 10/30/2000, barely a week before the
stolen election of 2000. Is that when they had to implement a plan
to hijack democracy in America? Is that why they call Karl Rove "the
Architect" -- did he plan the Florida fiasco that denied the vote to
57,000 people?


And Iran is next.

Why All of Our Efforts Won't Stop an Attack on Iran
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
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