View Full Version : Oil at $63
Anders Lindman
24-10-2008, 06:18 PM
lol. Someone is playing with the oil market. Who would have guessed that oil would cost $63 a barrel some months ago when it was at $147 a barrel or somewhere around that? I know who. Those who have the power to control the oil price.
Probably the same with the price of gold, stockmarket shares and so on. The big traders don't play dice. They control the 'casino'. Pulling the rest of us around the nose. Well, not me. I don't play their game any more. :p
Someone else knew....who got offered a price freeze on there home fuel bills before the recent price crash?
danster82
24-10-2008, 06:39 PM
Lindsay Williams guessed it exactly
http://uk.youtube.com/watch?v=Dqbx7CVWReU
rhydra
24-10-2008, 06:43 PM
Who is playing with the oil market?
The same people who caused the recession and burst the credit bubble leading to economic collapse.
The plan seems to be coming together.
fortysixandtwo
24-10-2008, 06:50 PM
Can someone explain to me why the oil is going down?
I would have expected that if the dollar was getting weaker as a currency, then oil would go up as a result.
knightofthegrail
24-10-2008, 06:56 PM
Not for long; opec is cutting production.
http://newsvote.bbc.co.uk/2/hi/business/7680671.stm
By all means bring it to a million £'s a barrel if it helps us realise the foolishness of placing so much emphasis on money :)
gordysmit
24-10-2008, 06:57 PM
Dont really matter what it is oil high price/ gas high price/war in Iran /Georgia /earth quakes in china stock market/big brother/ what next U.F.O,S ? lol But it all down to on thing fear and dont buy into it :o
danster82
24-10-2008, 07:01 PM
Can someone explain to me why the oil is going down?
I would have expected that if the dollar was getting weaker as a currency, then oil would go up as a result.
The reason is the dollar is not getting weaker its getting stronger, therefore is the dollar getting stronger because oil is falling or oil falling because the dollar is getting stronger..
obviously a strong dollar equals lower oild prices as it takes less to buy the same amount of oil, But as we know the strong dollar is nothing but a temporary illusion.
simplify
24-10-2008, 07:15 PM
Dont really matter what it is oil high price/ gas high price/war in Iran /Georgia /earth quakes in china stock market/big brother/ what next U.F.O,S ? lol But it all down to on thing fear and dont buy into it :o
Fear is one thing, but when people go to buy groceries, and their food bill keeps going up, the petrol/gasoline is expensive, clothes is expensive. They've lost their job or had cutbacks, wages do not go up accordingly, they can't sell their home, or afford the high rents. People are feeling trapped with no way out. That is the new reality and its going to get worse. So yes of course with all of these things and more happening people are going to be even more afraid. We may be living in an illusion, but we are are the mercy of those who have created the bubble for us, and we are playing our part (for now)
stelios
24-10-2008, 07:18 PM
I wonder where all those 'peak'oil spammers have disappeared to?
Usually on every internet forum they are posting their dire erroneous warnings but i dont recall seeing any for quite a while.
Hopefully this new thread provoke them and might bring them crawling out from the underneath the woodwork.
rhydra
24-10-2008, 07:29 PM
The thing is, people can't afford things any more, goods are being transported less, people are commuting less, people are driving less, ships are moving less and planes are flying less. OPEC will try to cut production, what will happen?
The higher prices of transport put prices up, inflation goes up which means less money and less demand for oil, so production is cut again.
This is more than wanting more money for oil, it seems to me to be more akin to economic manipulation.
Anders Lindman
24-10-2008, 08:30 PM
I wonder where all those 'peak'oil spammers have disappeared to?
Usually on every internet forum they are posting their dire erroneous warnings but i dont recall seeing any for quite a while.
Hopefully this new thread provoke them and might bring them crawling out from the underneath the woodwork.
I still believe the global oil production is tight. And that the current oil price is artificially low. However it's good if the oil price can be kept low even if it is artificially held down, unless that can lead to some nasty financial side effects in other areas of the economy. :confused::eek:
Anders Lindman
24-10-2008, 08:42 PM
There are two levels in the economy. First there is the 'movie screen' presented to the public, and it's also this level that financial experts all the way up to Nobel Prize winners deal with.
Then there is the behind-the-scene big manipulators who control the 'casino' and who do not play around with the financial risk models the rest of the economy pyramid uses.
Benjamin Fulford, who's Ninja stories sound a bit outrageous :D nevertheless has a solid professional background in financial matters, especially knowledge about how the big players operate. Fulford said that the financial models on purpose are complicated diversions, and that the big manipulators use far simpler techniques to control the markets.
devanshoom
24-10-2008, 08:54 PM
i dont know anything about oil...all i know is about 6 months ago oil prices went crazy and then immediately after that all other prices (food, basic everyday shit) went up around 30% "cos oil was so expensive"... Now oil is back down but all the other price hikes, that were supposedly due to high oil prices, have stayed put....
bit bemused to say the least
Anders Lindman
24-10-2008, 09:02 PM
i dont know anything about oil...all i know is about 6 months ago oil prices went crazy and then immediately after that all other prices (food, basic everyday shit) went up around 30% "cos oil was so expensive"... Now oil is back down but all the other price hikes, that were supposedly due to high oil prices, have stayed put....
bit bemused to say the least
There surely seems to be a massive manipulation of the financial markets going on right now, more heavy manipulation than ever perhaps.
One theory I have is that big powers like the U.S., EU and China who are dependent on oil but must import most of their oil are cooperating to push the price of oil down at the moment.
Anders Lindman
24-10-2008, 09:25 PM
One theory I have is that big powers like the U.S., EU and China who are dependent on oil but must import most of their oil are cooperating to push the price of oil down at the moment.
I did a search on the Web and found:
"Paulson lauds China cooperation amid market turmoil
WASHINGTON (Reuters) – U.S. Treasury Secretary Henry Paulson on Tuesday praised China's cooperation in taming global financial turmoil and urged the next U.S. president to continue an active economic dialogue with Beijing.
In his first major speech on China in two months, Paulson said he has held useful and constructive discussions with Chinese Vice Premier Wang Qishan on the turmOIL rocking global markets.
"It is clear that China accepts its responsibility as a major world economy that will work with the United States and other partners to ensure global economic stability," Paulson said in prepared remarks to the National Committee on U.S.-China Relations in New York." [my emphasis :D]
http://news.yahoo.com/s/nm/20081021/ts_nm/us_financial_paulson_banks_7
gordysmit
24-10-2008, 09:51 PM
Sorry for being funny but Is it not better for the planet for not having money to buy things as the thing wee buy are just crap anyway?
Anders Lindman
24-10-2008, 10:08 PM
Sorry for being funny but Is it not better for the planet for not having money to buy things as the thing wee buy are just crap anyway?
I believe the economy will remain fairly stable in future. The economy in developed countries is so complex and that makes it robust. I guess. :confused: Developing countries need to get better economies, but also there my guess is that things will improve. It's more my own personal financial future I'm worried about. :eek:
The reason is the dollar is not getting weaker its getting stronger, therefore is the dollar getting stronger because oil is falling or oil falling because the dollar is getting stronger..
obviously a strong dollar equals lower oild prices as it takes less to buy the same amount of oil, But as we know the strong dollar is nothing but a temporary illusion.
I think its a little more complex and there will be a deeper reason why the oil price is coming down so suddenly and especially rapidly - we've literally seen it drop by around $60 over the last couple weeks!
Maybe they're trying to bring the price of gold down so they can buy more in bulk? Just a guess
Armchair philosopher could help us here! Joel about?
bones
24-10-2008, 10:45 PM
and i was gonna store fuel not long back. good job i didnt.
anyuser
24-10-2008, 10:52 PM
i dont know anything about oil...all i know is about 6 months ago oil prices went crazy and then immediately after that all other prices (food, basic everyday shit) went up around 30% "cos oil was so expensive"... Now oil is back down but all the other price hikes, that were supposedly due to high oil prices, have stayed put....
bit bemused to say the least
Yes, greed is the reason my friend.