Since my prediction that oil will come down to $82 I have observed it climb dramatically and drop back down. It seems that they are trying to keep oil over the $100 mark. This will not be sustainable as the world economy slows down.
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This is a must read. It will affirm that which you knew instinctively. No Bailout. I’ll take the recession.
http://www.commoncause.org/site/pp.asp?c=dkLNK1MQIwG&b=4542875
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Yesterday, we saw oil prices jump $30.00 today they again backed off and are closer to $107.00 it will come down that is still my opinion.
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I got up this morning and the first thing I did was turn on CSPAN. The various Cspan chanels were covering the Congressional debate on the pending bill sponsored by Demorcratic Representative Carolyn Maloney of Astoria. This bill is for the regulation of Credit Card companies. It is designed to protect consumers against unfair and [...]
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Oil prices jumped and why not it is the only thing that they can still squeeze the people on. This will make the demand fall off further, which will pressure prices down. I would like to see the government for once actually do something to help the people. Yeah! keep on wishing, our addresses aren’t [...]
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It seems, I may be getting to my prediction of lower fuel cost much sooner then I thought.
I was at $102 when I predicted the drop to $82. It seems we are already at $92. That was quick.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ae412uUfw_.w&refer=home
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What happened today is the best thing that could happen for our future. In our lifetimes there are not many momentous events that redefine our lives. Today is one of them. The party is finally over on Wall Street. The fear of something terribly wrong with our financial markets became real. The filing of [...]
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I expect the price of oil to drop further. I feel we will see oil prices reaching $82-86 range in the near future. Currently oil is trading at $102 per barrel. Just my humble prediction. Even though OPEC cut its production, prices have again retreated. The other effective tool for bumping up prices seems to [...]
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Is it just me or did I get this wrong? The Fed’s takeover of these GSE’s signals a disaster to me. Yet, the stock market responds positively. Yes, I do understand that this might seem like good news but in reality it is affirmation of the worse kind of news. Fannie and Freddie are [...]
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According to Seattle Times article titled the same
http://seattletimes.nwsource.com/
html/businesstechnology/2008159716_gaspriceqa050.html
Oil companies during the meteoric rise of a barrel of oil to $147,00, did not increase the prices at the pumps in direct relation to the percentage of the increase in prices. In fact their were losses to the oil companies. Are they suggesting that the oil companies [...]
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