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Holy shit! Oil prices rise 21% today... from $105 to $127.....

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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 02:02 PM
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Holy shit! Oil prices rise 21% today... from $105 to $127.....

Not so coincidentally, the US dollar took a plunge against the Euro.

Bailout not looking so good now for Wall Street?
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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 02:04 PM
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1. I was just going to post this....
Almost $ 37.00 in the last week...

Welcome to a gloomy winter.

IT's what the Financial people refer to as a flight to quality.

Investors, at least short term ones, don't believe the package is worth the paper it has yet to be written on so they are cashing out and buying Oil futures...
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 02:05 PM
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2. This was the plan all along...
I'm about ready to ram this fucking computer up the asses of all the fuckers who called me a fucking conspiracy fucking theorist!

The US Dollar is leaving the world market. Wave bye-bye.
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WeDidIt Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 02:05 PM
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3. DJIA now down 250
and looks to slide some more.
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global1 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 02:06 PM
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4. Blackmail......
$5.00/gal gas coming - oil up to put pressure on the Senate to pass this bill without any punitive actions or considerations on exec salary.

They figure the American people will put pressure on the Senate to pass this bill quick to give *Co what they want again without any strings. This is being engineered and manipulated - I believe that's why the market is down today as well.
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Ganja Ninja Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 02:14 PM
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5. It's a reflection of how worthless the dollar is becoming.
There's serious talk about finally making the switch to another currency for world trade.
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nradisic Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 02:22 PM
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6. It is called short covering....
I doubt it stays up.
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PerfectSage Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 02:25 PM
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7. That's just the Oct contract. The Nov contract is only up $6.19
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