Oil price rises

Peco · Posted: Sat Jul 28, 2007 10:56 pm Post subject: Oil price rises

Definitely fortunes being made in the oil markets.

http://news.bbc.co.uk/1/hi/business/6920159.stm

Notice how every time there's a war the price of oil rockets? Don't anyone tell me that oil companies don't make a killing out of it. Those who profit most from war are the most likely to cause it and support it.

Uncle Osama · Posted: Sat Jul 28, 2007 11:37 pm Post subject:

I blame the companies who funded Bush to power Exclamation

profits are all they see Exclamation

deaths of civilians is somehow collateral damage Exclamation

uncle osama has spoken

Peco · Posted: Sat Jul 28, 2007 11:37 pm Post subject:

You can fuck off too you boring bastard.

Uncle Osama · Posted: Sat Jul 28, 2007 11:41 pm Post subject:

Bombasticspastic · Joined: 28 Jul 2007 Posts: 628

Last year, Hugo Chávez offered to peg the price of oil; his proposition would have locked oil at $50 per barrel. Venezuela is the fifth largest oil producer in the world; and, could satisfy the planet’s oil needs for more than a century. Time enough for us to wean ourselves off oil dependency.

What would be in it for the USA though?

Peco · Posted: Sun Jul 29, 2007 7:52 am Post subject:

Nothing would be in it for the USA, the single biggest influence on the USA government is the Oil industry. The main figures in the administration all have huge holdings in American oil companies, and the republican party receives huge donations from the industry. It would be bad for the American oil industry to have oil prices pegged or capped, and bad for the personal financial interests of the main members of the current administration.

riffraff · Joined: 20 Jan 2007 Posts: 2281 Location: the bush

Peco, there is a way to play them at their own game, same goes for banks. If you can raise a bit of equity, doesn't have to be much, buy shares in oil or mining companies.

Roll over the dividends (ie automatically reinvest in shares) and the higher price you pay for fuel (or interest) is offset by the profits in shares.

Hard to pick a time, the markets are due for a fairly big correction soon (I think..) so keep an eye on them.

imlooking · Guest

it seems to me that the iraq war is more about oil than anything else,
gain control use up all the arabs oil while keeping your own,then once there oil is used up put up the price of your own and blackmail every one you dont like into submission

Bombasticspastic · Joined: 28 Jul 2007 Posts: 628

Uncle Osama · Posted: Sun Jul 29, 2007 1:06 pm Post subject:

Cavez is my hero Exclamation

he has balls of iron Exclamation

he hates US economy control over the world Exclamation

uncle osama has spoken