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Well it looks like oil is on a rocket ship going to the moon. I am pretty sure that it is going to go to between $150-200 by the end of 2011.
Expect $5-$6 per gallon in the US.
Expect $5-$6 per gallon in the US.
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Re: Oil Going to $200
no surprise there...Russkies are having a field day with all this crapThe Idiots ARE Winning.
"Whenever you find yourself on the side of the majority, it's time to pause and reflect."
Mark Twain
SOBRIETY MIX -
Re: Oil Going to $200
I hate putting gas in my car now.. I hate it like I hate going to the dentist.
$1.15/liter hereComment
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The Idiots ARE Winning.
"Whenever you find yourself on the side of the majority, it's time to pause and reflect."
Mark Twain
SOBRIETY MIXComment
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Re: Oil Going to $200
I don't think Libya has anything to do with the US stock market. That being said I think that the oil from the middle east will be cut off eventually if this keeps up. Then you will see it effect the stock markets.
I think the stock market is going down because jobs are actually being created. The stock market doesn't like this.Comment
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Re: Oil Going to $200
The stock market doesnt like turmoil in the middle east. Neither does the price of gas and oil.Comment
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Re: Oil Going to $200
oil speculators LOVE trouble in the middle east. Now they can raise prices to anything. There is no reason for oil to be this high. It should be at $30/barrelComment
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Re: Oil Going to $200
Libya is not exactly a huge player in the market. It doesn't directly affect the USA.
Everyone watch the stock market crash right before our very eyes. As oil goes up the economy will sink
USA
Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country Nov-10 Oct-10 YTD 2010 Nov-09 YTD 2009
CANADA 1,975 1,840 1,963 2,018 1,928
MEXICO 1,229 1,178 1,132 951 1,095
SAUDI ARABIA 1,119 1,114 1,081 847 991
VENEZUELA 884 887 920 793 968
NIGERIA 806 812 982 948 753
COLOMBIA 489 400 349 216 258
ALGERIA 379 259 331 219 276
IRAQ 340 143 421 461 461
ANGOLA 263 311 387 408 465
ECUADOR 188 203 196 150 190
BRAZIL 188 168 252 261 306
KUWAIT 170 215 202 287 182
RUSSIA 85 182 261 168 236
UNITED KINGDOM 80 0 120 90 106
INDONESIA 55 49 34 7 15
Where is Libya?Comment
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Re: Oil Going to $200
^This is 100% true, but it isn't based at all on the percentage of oil a country exports to the US as a direct cause of oil to go up if that country is having problems. Note the last go round Israel had a while back and prices went up. It is exactly what Jenks said, unstable middle east = market speculators get worried = prices go up.Comment
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Re: Oil Going to $200
Doesn't matter that we're not a direct importer of Lesbian oil. Fear/Instability + Oil = High Prices.Comment
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Re: Oil Going to $200
I wouldn't be surprised if it wasn't' the large oil companies causing all this turmoil in the middle east to drive up the price of oil.Comment
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Re: Oil Going to $200
me either
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Re: Oil Going to $200
are you serious or sarcastic?Comment
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Re: Oil Going to $200
I think I should be the one asking YOU that question
Oil companies behind what is happening?
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