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Oil price bubble? [Copy link] 中文

Rank: 8Rank: 8

Post time 2006-5-27 13:30:27 |Display all floors
I am just wondering whether we have an "Oil Price Bubble"....

created by Amerikan Regime banks financing the myriad of hedge funds...

Look at some facts...

World economy GNP in US$ = approximately US$43 trillion.

Basic commodity share of world's GNP = less than 10% or  US$4.3 trillion.

World's oil production and consumption = Approximately US$70/barrel....
or about = 80 m x 365 x 70 = US$2.05 trillion

that means about 50% of commodiites used in our world is from OIL?

Either Amerikan Dollar unit is DEPRECIATED by Inflation, and we can expect other commodities to rise in price to recover a balance.....or else, we might be facing a possible CRUDE OIL PRICE meltdown!



Green Dragon

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Post time 2006-5-27 13:41:22 |Display all floors

The players in the CRUDE OIL MARKET.

Who are they?

These must be the Oil Majors...
BP, Exxon-mobil, Conoco Phillips, Shell, Total.............25% share of world's production
then we have
Aramcco, Kuwait, Iraq.............another 25% of the world's production

on the other side of the ring.....we have other national oil companies...
ie. Russian, Venezeulan, Iranian, Central Asian, Brazil, Mexico, Nigeria, Sudan, Angola, Sinopec, CNOOC, PetroChina, Pertamina, Petronas.........with the other 50% of the production


The oil price benchmarking is set....on (1) Brent crude and the (2) The Texan sweet....correct?

So, the oil prices in the European and American world is set by the COMMODITY TRADING PITS in USA and Britain.....and probably out of whack to real prices being realized.....

so the (3) Iranian Oil bourse?????

how long can the OIL PRICES in UK and USA be out-of-whacked from realities of the global marketplace?????



Green Dragon

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Post time 2006-5-30 00:20:42 |Display all floors

Reply #2 greendragon's post

Its funny how things work . Former president jimmy carter was a peanut farmer before he became president and when he became president the price of peanut butter went through the roof. Mr bush was a oil man and now that hes president the price of oil is through the roof . I
Suspect the oil bubble will burst when bush is out of office.

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Post time 2006-5-30 12:01:05 |Display all floors

Reply #3 frothow's post

ha ha ha that's a good joke!

Tell you more.....i start a new thread.........

Green Dragon

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Post time 2006-5-30 13:32:24 |Display all floors

Reply #2 greendragon's post

Dragon - People can walloped oil prices when money to them is cheap.

Just print more like the Japanese did long long ago.

Froth would like a skirt to keep those overflows!!!
What's on your mind now........ooooooooooooooo la la....Kind Regards

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Post time 2006-7-19 07:27:20 |Display all floors

More confirmation of US bidding up of oil prices!

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Rank: 6Rank: 6

Post time 2006-7-19 08:40:43 |Display all floors
American parents will not loosen their grip.

In America the Generals are having trouble getting parents to loosen their grip on their children and to support a military draft.  So the price of oil will need to keep rising.  I expect they'll see it the Generals' way once a gallon of gasoline tops $5.

Just give it time.
龙年顺顺利利

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