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Obama the oil baron
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<blockquote data-quote="wkmac" data-source="post: 710698" data-attributes="member: 2189"><p>[media=youtube]LHD4U2q_p4c[/media]</p><p></p><p>[media=youtube]6v3w4eyXVWE[/media]</p><p></p><p>The big unknown in all of this hinges back to early 2001' and the secret Cheney Energy Meeting and what was discussed and considered. Was there some agreement in market collusion to control and boost oil prices, restrict the amount of inventory oil on the market in order to maintain prices, etc. <span style="color: red">No one knows.</span> It's pure speculation but the idea of peak oil and dwindling supply was not a new and recent idea but a longtime coming so why the cheap oil all through the 90's and then after 2000' the price has spiked and never seen to even come back down close to where it was. With new untapped reserves in the Caspian , <a href="https://web.archive.org/web/20141104063909/http://www.worldoil.com/Haiti_could_have_larger_oil_reserves_than_Venezuela.html?" target="_blank"><span style="color: red">Haiti</span></a> could have more oil than Venezuela and then comes word <span style="color: red">Venezuela</span> could be sitting on largest reserves in the world, <span style="color: red">Argentina</span> is finding more reserves not to mention the oil already known in the <span style="color: red">Falklands</span>. We often hear that China is an emerging consumer of hydrocarbons and this is true but of equal truth is the hydrocarbon and oil finds/production in the <span style="color: red">South China Sea</span> so with this continuing supply sources of oil why does the price just continue to go up?</p><p></p><p>If the number of sources for oil go up, it would seem at least in the short run a potential oversupply could happen or it would seem some market pressures to force prices down or as I said to flatline. Or could there be another reason? If a certain currency was the global currency in which all oil transactions must take place and that currency on international markets was being flooded in causing a potential oversupply of that currency to the inventory of goods, would those goods go up in price accordingly to economically balance with the new level of the money supply? I wonder what the policy of the country whose currency is the global reserve oil currency has been in relation to flooding foreign markets and foreign banks with said money in the current economic crisis.</p><p></p><p>Interesting in that we could be having our throats cut from 2 different directions and never even know it!</p></blockquote><p></p>
[QUOTE="wkmac, post: 710698, member: 2189"] [media=youtube]LHD4U2q_p4c[/media] [media=youtube]6v3w4eyXVWE[/media] The big unknown in all of this hinges back to early 2001' and the secret Cheney Energy Meeting and what was discussed and considered. Was there some agreement in market collusion to control and boost oil prices, restrict the amount of inventory oil on the market in order to maintain prices, etc. [COLOR=red]No one knows.[/COLOR] It's pure speculation but the idea of peak oil and dwindling supply was not a new and recent idea but a longtime coming so why the cheap oil all through the 90's and then after 2000' the price has spiked and never seen to even come back down close to where it was. With new untapped reserves in the Caspian , [URL='https://web.archive.org/web/20141104063909/http://www.worldoil.com/Haiti_could_have_larger_oil_reserves_than_Venezuela.html?'][COLOR=red]Haiti[/COLOR][/URL] could have more oil than Venezuela and then comes word [COLOR=red]Venezuela[/COLOR] could be sitting on largest reserves in the world, [COLOR=red]Argentina[/COLOR] is finding more reserves not to mention the oil already known in the [COLOR=red]Falklands[/COLOR]. We often hear that China is an emerging consumer of hydrocarbons and this is true but of equal truth is the hydrocarbon and oil finds/production in the [COLOR=red]South China Sea[/COLOR] so with this continuing supply sources of oil why does the price just continue to go up? If the number of sources for oil go up, it would seem at least in the short run a potential oversupply could happen or it would seem some market pressures to force prices down or as I said to flatline. Or could there be another reason? If a certain currency was the global currency in which all oil transactions must take place and that currency on international markets was being flooded in causing a potential oversupply of that currency to the inventory of goods, would those goods go up in price accordingly to economically balance with the new level of the money supply? I wonder what the policy of the country whose currency is the global reserve oil currency has been in relation to flooding foreign markets and foreign banks with said money in the current economic crisis. Interesting in that we could be having our throats cut from 2 different directions and never even know it! [/QUOTE]
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