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    Default I might have been wrong about oil

    This is a total curve ball that just thrown out, and at me!

    For a long time I was saying that oil was going to hit 200 usd a barrel, and I said this with full confidence. Now, inside sources are now saying that there is a cabal of people, it looks like it is inside BP, that aim to take oil down to 50 usd a barrel!!!


    I'll post later on the predicted geopolitical and economic consequences on this.
    "Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that knows not victory nor defeat."
    --Theodore Roosevelt

    "Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."
    -- Mark Twain

    "Man who stand on hill with mouth open will wait long time for roast duck to drop in."
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    what "inside sources" would that be?

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    Quote Originally Posted by Darkstar View Post
    what "inside sources" would that be?
    There was a plan back in 2006 to have a barrel of oil to go to 200 USDs by the summer of 2009 by the Bilderburg group. But since the Iraq invasion there have been some disagreements about how to influence the tide of geopolitical and economic power. There are some powerful people who want a war with Iran, and want either the US or Israel to start it, but now it appears that some of them are arranging a strategy to take Iran down without using US military force (maybe because those people think it would be too risky, not to mention the majority of Americans would not support the necessary draft). It is possible, but I don't know how likely, that the strategy now is to take Iran and Venezuela down by flooding the market with 50 USD a barrel of oil to take down their economies. With the breakdown of the economies of the "axis of evil," the breakdown of the US economy through an inflationary depression, and with cheap oil flooding the market, China and Russia would be the new superpowers.

    Note: The are several reasons why oil is going up in price. The main reason, and something that no one is talking about, is that the US dollar has lost 40% of its value in the last seven years. So 50 USD's a barrel in 2008 dollars is about the same as 30 USD's in 2001 dollars.
    Last edited by Jimbean; 07-30-2008 at 04:08 AM. Reason: sentence revision
    "Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that knows not victory nor defeat."
    --Theodore Roosevelt

    "Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."
    -- Mark Twain

    "Man who stand on hill with mouth open will wait long time for roast duck to drop in."
    -- Confucius

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    Boycott Citgo.

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    Quote Originally Posted by Jimbean View Post
    This is a total curve ball that just thrown out, and at me!

    For a long time I was saying that oil was going to hit 200 usd a barrel, and I said this with full confidence. Now, inside sources are now saying that there is a cabal of people, it looks like it is inside BP, that aim to take oil down to 50 usd a barrel!!!


    I'll post later on the predicted geopolitical and economic consequences on this.
    Don't ask what the consequences are... ask why they're doing it.

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    and Bush sold santa illegal fireworks that started the korea problem. All for world domination

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    my non existent sources

    Like everybodys sources in this thread

    Let's sing Coombaya and smoke on a pipe

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    Quote Originally Posted by Darkstar View Post
    my non existent sources

    Like everybodys sources in this thread

    Let's sing Coombaya and smoke on a pipe
    Alright, I should give you my source. It does not look like much, but they are one of my trustworthy sources. And I cannot guarantee this with 100% certainty, more like 85%, but it is enough to post it nevertheless.

    These are all in order, start with the first one.













    "Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that knows not victory nor defeat."
    --Theodore Roosevelt

    "Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."
    -- Mark Twain

    "Man who stand on hill with mouth open will wait long time for roast duck to drop in."
    -- Confucius

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    Quote Originally Posted by jxrtes View Post
    During the Iran-Iraq war, Saddam Hussein sold oil at ~$5 a barrel to the States to fund the war effort.
    That is one of many of the hearsay reasons why the US went to war with them the first time.
    "Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that knows not victory nor defeat."
    --Theodore Roosevelt

    "Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."
    -- Mark Twain

    "Man who stand on hill with mouth open will wait long time for roast duck to drop in."
    -- Confucius

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    Quote Originally Posted by Jimbean View Post
    This is a total curve ball that just thrown out, and at me!

    For a long time I was saying that oil was going to hit 200 usd a barrel, and I said this with full confidence. Now, inside sources are now saying that there is a cabal of people, it looks like it is inside BP, that aim to take oil down to 50 usd a barrel!!!


    I'll post later on the predicted geopolitical and economic consequences on this.
    A cabal inside BP - my former employer (yeah I've worked for, and with, a few oil companies)? What makes you think that BP has the clout to shape the world oil price, especially if OPEC doesn't play along (and if OPEC does, what BP wants or not is irrelevant).
    , LIE, ENTj logical subtype, 8w9 sx/sp
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    gah you're like the shittiest ENTj ever!

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    Quote Originally Posted by Expat View Post
    A cabal inside BP - my former employer (yeah I've worked for, and with, a few oil companies)? What makes you think that BP has the clout to shape the world oil price, especially if OPEC doesn't play along (and if OPEC does, what BP wants or not is irrelevant).
    That is one of the reasons why I have trouble with this. There are a few things that don't make sense. Well I suppose that they could be planning to drill in non OPEC countries, which then a different group would have more influence. But that there would mean that there would be more internal conflict within the elites

    Other problems with this is pointed out by some economists. Some of those that have written about this do not think it is economically possible for oil to sell as low as 50 USD's by the time that oil hits the market, because the dollar has lost and continues to lose so much of its value. Also, as far as my sources can tell at the moment, there are still people on the inside (so to speak) that are still looking at 200 USD's a barrel.
    "Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that knows not victory nor defeat."
    --Theodore Roosevelt

    "Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."
    -- Mark Twain

    "Man who stand on hill with mouth open will wait long time for roast duck to drop in."
    -- Confucius

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    Quote Originally Posted by Expat View Post
    A cabal inside BP - my former employer (yeah I've worked for, and with, a few oil companies)? What makes you think that BP has the clout to shape the world oil price, especially if OPEC doesn't play along (and if OPEC does, what BP wants or not is irrelevant).
    Okay, I got it. Try Canada, Russia, and Indonesia!
    "Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that knows not victory nor defeat."
    --Theodore Roosevelt

    "Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."
    -- Mark Twain

    "Man who stand on hill with mouth open will wait long time for roast duck to drop in."
    -- Confucius

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    Does it really take a genius to realize that Alex Jones is crazy?

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    Quote Originally Posted by discojoe View Post
    Does it really take a genius to realize that Alex Jones is crazy?
    Hell yeah, we all are

    but people like Jones, me, and several others in our movement to restore our republic are at least grounded in reality, which is something that should not be said about televised media.
    "Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that knows not victory nor defeat."
    --Theodore Roosevelt

    "Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."
    -- Mark Twain

    "Man who stand on hill with mouth open will wait long time for roast duck to drop in."
    -- Confucius

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    Quote Originally Posted by Jimbean View Post
    Hell yeah, we all are

    but people like Jones, me, and several others in our movement to restore our republic are at least grounded in reality, which is something that should not be said about televised media.
    Our movement? Restore our republic? Restore it to what? It's not a Renaissance painting.
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    Quote Originally Posted by Jimbean View Post
    This is a total curve ball that just thrown out, and at me!

    For a long time I was saying that oil was going to hit 200 usd a barrel, and I said this with full confidence. Now, inside sources are now saying that there is a cabal of people, it looks like it is inside BP, that aim to take oil down to 50 usd a barrel!!!


    I'll post later on the predicted geopolitical and economic consequences on this.
    ....must....not... self.....control.... kitties.....clouds....

    FUCK.

    NO NORMAL HUMAN BEING THINKS LIKE THIS.
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    Quote Originally Posted by Jimbean View Post
    This is a total curve ball that just thrown out, and at me!

    For a long time I was saying that oil was going to hit 200 usd a barrel, and I said this with full confidence. Now, inside sources are now saying that there is a cabal of people, it looks like it is inside BP, that aim to take oil down to 50 usd a barrel!!!


    I'll post later on the predicted geopolitical and economic consequences on this.
    lol @ 50 usd a barrel

    Yay! Now everyone can go out and buy things they don't need, flights they don't need to go on and houses they don't need to live in! Ahhh, the beauty of a market-run state.

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    Quote Originally Posted by Ezra View Post
    lol @ 50 usd a barrel

    Yay! Now everyone can go out and buy things they don't need, flights they don't need to go on and houses they don't need to live in!
    Not necessarily.
    "Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that knows not victory nor defeat."
    --Theodore Roosevelt

    "Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."
    -- Mark Twain

    "Man who stand on hill with mouth open will wait long time for roast duck to drop in."
    -- Confucius

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    Quote Originally Posted by Jimbean View Post
    This is a total curve ball that just thrown out, and at me!

    For a long time I was saying that oil was going to hit 200 usd a barrel, and I said this with full confidence. Now, inside sources are now saying that there is a cabal of people, it looks like it is inside BP, that aim to take oil down to 50 usd a barrel!!!
    Bump!

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    ...the human race will disappear. Other races will appear and disappear in turn. The sky will become icy and void, pierced by the feeble light of half-dead stars. Which will also disappear. Everything will disappear. And what human beings do is just as free of sense as the free motion of elementary particles. Good, evil, morality, feelings? Pure 'Victorian fictions'.

    INTp

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    As I understand it, Congress is considering legislation to extradite oil speculators from the British market, for prosecution in the States....

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