Cappucino Thoughts 6-6-08: Market Sell-Off - Feeling Gassy
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Well the Iraqi oil fields have yet to come online. When they do the market can be flooded and everyone can breath a sign of relief. In the mean time, high prices will equal great revenue for oil producing countries like Venezuela (where is 3cents per litre) and others.
Britishthetitan 3 years ago
We have secured all of the Iraqi oil fields... yet oil supplies are suddenly 'harder' to come by.. Its all balls. It's the big squeezing of the middle classes.
DonkfestPokerDotCom 3 years ago
What the puck! lol Thanks for the scoop on the recession.
barbariandoom 3 years ago
Have you heard of something called Peak Oil? Apparently, M. King Hubbert made prediction...
He said, "U.S. oil production will peak in the late '60s or early '70s and then decline steadily thereafter." (I got this from the Motley Fool listserv.) If this is true when will the peak hit and how will this affect investors?
roadlesswandering 3 years ago
That only means an eventual drop in prices if it's just speculation driving it up. People will start selling like crazy to make their money. But on the side of the real world, no friggin wodner gas prices are going up! I can't even buy a full tank of gas without hurting my wallet! Ding-dang speculators!
cscentrlTV 3 years ago
Cappuccion thoughts is the best
calvin1392 3 years ago
Keep making the videos guys.
jami3r00 3 years ago
Speculators are driving it up.
contrarianbastard 3 years ago
Looks like I'm first. But seriously, even with the invasion of Iraq and the eventual monopolization of its oil resources by big US businesses, why in the name of heck are oil prices going up with the supply increasing?!
cscentrlTV 3 years ago