Angela Shelley
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Thu Feb-28-08 07:40 AM
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Bet oil prices will rise today, and continue to rise for a while to come |
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Those of you who are addicted to exchanging day old information on the internet and never pay attention to the details will know why. Everyone else will drop their jaw.
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liberal N proud
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Thu Feb-28-08 07:41 AM
Response to Original message |
1. TomWV says just the opposite |
Angela Shelley
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Thu Feb-28-08 07:42 AM
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2. That happens alot in a democratic forum |
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It goes to show you never can tell. :-)
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liberal N proud
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Thu Feb-28-08 07:45 AM
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3. I am hoping he is right and your wrong |
Angela Shelley
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Thu Feb-28-08 07:50 AM
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4. It´s the old supply and demand thing ... |
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the supply is dwindling and the demand is steadily increasing.
The US Senate does not dictate oil prices.
If half of the people in the US cannot afford to buy a full tank of gas, the OPEC doesn´t have to worry, because there are other people on the planet who can.
:-)
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Angela Shelley
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Thu Feb-28-08 07:50 AM
Response to Reply #3 |
5. It´s the old supply and demand thing ... |
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the supply is dwindling and the demand is steadily increasing.
The US Senate does not dictate oil prices.
If half of the people in the US cannot afford to buy a full tank of gas, the OPEC doesn´t have to worry, because there are other people on the planet who can.
:-)
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ThomWV
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Thu Feb-28-08 07:51 AM
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6. That's because ThomWV pays attention to what is said on the Senate Floor. |
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And knows when something very very important has been said by someone who counts.
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Angela Shelley
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Thu Feb-28-08 07:55 AM
Response to Reply #6 |
7. Thanks ThomWV, for listening to the right things at the right time |
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I`m not convinced that the Senate is responsible for setting the price for a barrel of oil.
But then again, I´m not watching C-Span right now.
:popcorn:
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ThomWV
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Thu Feb-28-08 08:09 AM
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8. Anglea, I posted the reason on the original post |
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They will quit filling the SPR.
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Angela Shelley
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Thu Feb-28-08 08:15 AM
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10. Thanks ThomWV for the informative insight |
El Pinko
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Thu Feb-28-08 08:10 AM
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9. There is a lot of speculation driving oil prices up... |
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...it's not just a supply-demand question, and with economies worldwide slowing rapidly, the chances of a near-term oil glut are on the rise. In the short-term, the high prices will continue. Over the next couple years, I wouldn't be surprised to see oil at $50/bl again as demand drops and the speculation falls apart. beyond that, supplies will eventually get tight again, driving prices up again beyond the present watermarks.
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Sat May 11th 2024, 06:59 AM
Response to Original message |