Re: Oil Going to $200
The media marketing campaign is in full effect. I just watched the Detroit news for warning Americans that gas prices are going to go up by 40 cents in the coming weeks.
I am convinced now that this is a media hyped event and that actions in Libya have very little to with the actual cost of gas at the pump in North America.
Saudi Arabia is the key. I hear that there is going to be a massive eruption in Saudi Arabia on March 11th.
Localizer - Making the market nervous is pure speculation. These are traders doing this. This has nothing to do with oil coming out of the ground.. Nothing. Goldman Sachs and JP Morgan are at it again. Only monster firms like that could do what is going on here. You can't take one line out of the whole report (that backs me 100%) and try to reverse it to aid you. Nice try but the headline states that SA has no problem pumping out more oil to cover Libya. Basically admitting that this is market manipulation going on.
It said nothing about hedging or danger.
The media marketing campaign is in full effect. I just watched the Detroit news for warning Americans that gas prices are going to go up by 40 cents in the coming weeks.
I am convinced now that this is a media hyped event and that actions in Libya have very little to with the actual cost of gas at the pump in North America.
Saudi Arabia is the key. I hear that there is going to be a massive eruption in Saudi Arabia on March 11th.
Localizer - Making the market nervous is pure speculation. These are traders doing this. This has nothing to do with oil coming out of the ground.. Nothing. Goldman Sachs and JP Morgan are at it again. Only monster firms like that could do what is going on here. You can't take one line out of the whole report (that backs me 100%) and try to reverse it to aid you. Nice try but the headline states that SA has no problem pumping out more oil to cover Libya. Basically admitting that this is market manipulation going on.
It said nothing about hedging or danger.
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