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Buy buy buy buy oil oil oil oil buy :)

Discussion in 'BlackHat Lounge' started by jangozo, Mar 20, 2011.

  1. jangozo

    jangozo Jr. VIP Jr. VIP Premium Member

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    simple as the title says the price will hire a lot next weeks so just watch out to not be too greedy as as it raises so it will fall ... but wont fall very fast they have no needo f that anyway :) but yeah price may go 150+ next months.
     
  2. Chronos

    Chronos Junior Member

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    What I don't understand is that Libya only controls 2% of what oil comes into the United States, but somehow the speculators push futures of oil up WAY more than 2%.

    That should be illegal.
     
  3. Autumn

    Autumn Elite Member

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    Speculators are to blame for sure but it's not just Libya that's the problem - there is unrest all over the Arab world, including Saudi Arabia.
     
  4. Chronos

    Chronos Junior Member

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    It's because all these countries have either been ruled by a dictatorship or monarchist-esque type government. And these people are realizing, "Hey, other countries did this and it failed because it's people weren't happy, and we're not happy, so we're going to revolt!"

    And these countries also just so happen to have large amounts of oil.
     
  5. jangozo

    jangozo Jr. VIP Jr. VIP Premium Member

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    well when there are wars, terr acts or whatever prices goes up ... you should remember iraq :)

    about the war they all want influence ... if kadafi was such bad dictator he wouldnt survive 42 years but yeah who cares ... we need freedom controlled and listening to our phones and camering us 24/7 ... because thats in usa and europe :p

    anyway ... people should get good education ... so democrasy is great about that at least ..
     
  6. shaks99

    shaks99 Jr. VIP Jr. VIP Premium Member

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    Its mainly cos the dicatators and rulers have been filling their own pockets rather than helping their fellow country citizens and selling fuel to US cheap is how its done
    eg Saudi one of biggest oil merchants , princes and kings float around in million pound cars encrusted in diamonds yet the country is a mess and so many beggars

    And re the price hike of fuel in uk well thats cos its nearly 70% tax which is also ridiculous hope the revolts dominoe effect doesnt happen here lol
     
  7. Chronos

    Chronos Junior Member

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    That is a horrible example, "If kadafi was such a bad dictator he wouldn't survive 42 years." I mean, are you saying that slavery, which lasted for hundreds of years is was good? Your previous statement claim does support that.
     
  8. Monrox

    Monrox Power Member

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    Yeah, people are quick to believe nonsense, specualations are the smallest part of the problem. Even if the barrel reaches $200, that's still 20c/gallon. It's the taxes. Interesting that the 'independent' media is shifting the blame so conveniently.

    And since the oil companies earn the largest profits in the world, imagine the humongous cash the governments are making by keeping 50, 60, or even 70% of the profits. Profits directly taken from their respective citizens btw.

    They have a bigger financial interest to exploit the oil providers than exxon, bp, shell etc. combined.


    Also, I don't like that crazy Libyan dude at all and wish him gone too but his support is what, 30% of the population? There isn't a president in the democratic countries that was elected with more than 30-35% of all those with voting rights. A striking similarity.
     
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    Last edited: Mar 20, 2011
  9. stopnstare

    stopnstare Junior Member

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    Isn't it better to stock up on food, water and such? I keep 2 weeks of food, 250 gallons of water and lots of extras like toothpaste. If it really hist the fan I think I will get more for a can of baked beans than a fist full of dollars.
     
  10. Monrox

    Monrox Power Member

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    Yeah, a bullet :D

    ------
    j/k, you're doing the right thing.