the end is a bit nigher Posted July 17, 2008 Share Posted July 17, 2008 Well not really. But the way the price is plummeting you might have thought so. Looks more like a few speculators leaving the market. Quote Link to comment Share on other sites More sharing options...
Kinky John Posted July 17, 2008 Share Posted July 17, 2008 Well not really. But the way the price is plummeting you might have thought so. Looks more like a few speculators leaving the market. It's probably speculators going short or government attempts to fix .... mad volatility! Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted July 17, 2008 Share Posted July 17, 2008 Time to get into the barrel making market. Do they do these with a returnable deposit. cant say Ive ever seen one. Quote Link to comment Share on other sites More sharing options...
needle Posted July 17, 2008 Share Posted July 17, 2008 Its the usual pre-US election drop. Happened 18 months ago for the senate or congress elections too.... Quote Link to comment Share on other sites More sharing options...
Yoss Posted July 17, 2008 Share Posted July 17, 2008 (edited) No it has, the US sits on massive oil reserves, that's why they spend billions keeping a large millitary force in the Gulf? Edited July 17, 2008 by Yoss Quote Link to comment Share on other sites More sharing options...
domo Posted July 17, 2008 Share Posted July 17, 2008 http://stockcharts.com/h-sc/ui?s=oil Trendline broken. Quote Link to comment Share on other sites More sharing options...
newbonic Posted July 17, 2008 Share Posted July 17, 2008 Its the usual pre-US election drop.Happened 18 months ago for the senate or congress elections too.... Everything's relative: Still a long long way to fall before it's anywhere remotely near to a year ago. Quote Link to comment Share on other sites More sharing options...
Kurt Barlow Posted July 17, 2008 Share Posted July 17, 2008 Everything's relative: Still a long long way to fall before it's anywhere remotely near to a year ago. Speculative froth coming off the boil IMO I wouldn't go putting down the deposit on a hummer just yet Quote Link to comment Share on other sites More sharing options...
pmgdawau Posted July 17, 2008 Share Posted July 17, 2008 i read somewhere that there was $30-$40 war premium which was due to come off now the Russians have sided with the Iranians which has forced US to go down diplomatic route, see bbc news. that and blatant manipulation of the US strategic reserve to prop up the dow. Quote Link to comment Share on other sites More sharing options...
Mega Posted July 17, 2008 Share Posted July 17, 2008 Iran-USA have done a "DEAL"...........Note Is-real getting the bodies of its troops back.........US is in NO shape to fight another War. Is-real was informed that Iran has 2-3 nukes via Pank-i-stan...........Is-real asked themselves did they want to find out if it was true? Deal done. Mike Quote Link to comment Share on other sites More sharing options...
JonoP Posted July 17, 2008 Share Posted July 17, 2008 Iran-USA have done a "DEAL"...........Note Is-real getting the bodies of its troops back.........US is in NO shape to fight another War. Is-real was informed that Iran has 2-3 nukes via Pank-i-stan...........Is-real asked themselves did they want to find out if it was true?Deal done. Mike Of course, you know all this for a fact I presume? Quote Link to comment Share on other sites More sharing options...
blankster Posted July 17, 2008 Share Posted July 17, 2008 Why would Pakistan give nukes to Iran, which is a potential enemy? Quote Link to comment Share on other sites More sharing options...
1888 Posted July 17, 2008 Share Posted July 17, 2008 Why would Pakistan give nukes to Iran, which is a potential enemy? exactly. Sunni-Shia = lots of friction Quote Link to comment Share on other sites More sharing options...
needle Posted July 17, 2008 Share Posted July 17, 2008 Iran-USA have done a "DEAL"...........Note Is-real getting the bodies of its troops back.........US is in NO shape to fight another War. Is-real was informed that Iran has 2-3 nukes via Pank-i-stan...........Is-real asked themselves did they want to find out if it was true?Deal done. Mike Of course, you know all this for a fact I presume? There are whispers of a US-Iran deal being done based around the idea that the US will open an embassy-lite in Iran this year. The US is not in any shape to fight another war, thats true. Dont know about the Pakistan nukes. Plausible, I suppose, but I doubt Israel would allow them any nukes. Then again, Israel cant do much without US support. The Saudis hold all the cards really - will they accept an illicitly nuclear armed Iran dominating the region? If not could we see a Saudi/Israeli initave to counter Iran? What would the Russian response be considering their huge interests in Iran and the recent pipeline announcement? Where does Europe stand considering most of our oil comes via Russia and now the Iranians will be pumping through Russia too? Who do we trust most with our Energy security the yanks or the russians? It all depends on the European response. Tune in next week..... . Quote Link to comment Share on other sites More sharing options...
zceb90 Posted July 17, 2008 Share Posted July 17, 2008 This recent paper by Andrew McKillop analyses the Iranian situation and potential impact on oil supplies: Get ready for the Last Oil War. Quote Link to comment Share on other sites More sharing options...
Guest Steve Cook Posted July 17, 2008 Share Posted July 17, 2008 This recent paper by Andrew McKillop analyses the Iranian situation and potential impact on oil supplies: Get ready for the Last Oil War. Excellent link Zceb Quote Link to comment Share on other sites More sharing options...
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