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Peakoil.com :: View topic - Another Record ($143.67)
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Another Record ($143.67)
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smallpoxgirl
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PostPosted: Mon Jun 30, 2008 7:41 am    Post subject: Re: Another Record ($143.67) Add User to Ignore List Reply with quote

frankthetank wrote:
Can you imagine the price of oil at 40mb a day! By then the country would be in a depression.


By the time we get to 40mb a day, price will long since have become irrelevant. No way will oil still be sold in an open market by then. It will be all about national agreements and military protection pacts. The price will be nominal and will be set forth by treaty. I'm starting to see that as the end game in Iraq. IMHO, the goal never was to win in Iraq. The goal was to justify US military presence there as a staging base. Bush's "mission accomplished" speech may have been more right than anyone realized.
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MrBean
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PostPosted: Mon Jun 30, 2008 8:07 am    Post subject: Re: Another Record ($143.67) Add User to Ignore List Reply with quote

smallpoxgirl wrote:
frankthetank wrote:
Can you imagine the price of oil at 40mb a day! By then the country would be in a depression.


By the time we get to 40mb a day, price will long since have become irrelevant. No way will oil still be sold in an open market by then. It will be all about national agreements and military protection pacts. The price will be nominal and will be set forth by treaty. I'm starting to see that as the end game in Iraq. IMHO, the goal never was to win in Iraq. The goal was to justify US military presence there as a staging base. Bush's "mission accomplished" speech may have been more right than anyone realized.


Any guesses at which point global trade ends, leaving only little bilateral trade left? Next year? In five years? Ten?
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smallpoxgirl
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PostPosted: Mon Jun 30, 2008 8:22 am    Post subject: Re: Another Record ($143.67) Add User to Ignore List Reply with quote

MrBean wrote:
Any guesses at which point global trade ends, leaving only little bilateral trade left? Next year? In five years? Ten?


I think that will probably happen once the population at large starts to accept peak oil as a certainty. I think that will happen once the plateau ends and it becomes clear that production levels have dropped and aren't coming back up. I'd guess maybe 75mb/d would be a target. I'd imagine that we'll start to see significant interference with NYMEX within the next year, and within 5 years, open trading of oil will be extinct.
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DomusAlbion
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PostPosted: Mon Jun 30, 2008 8:23 am    Post subject: Re: Another Record ($143.67) Add User to Ignore List Reply with quote

smallpoxgirl wrote:
I'm starting to see that as the end game in Iraq. IMHO, the goal never was to win in Iraq. The goal was to justify US military presence there as a staging base. Bush's "mission accomplished" speech may have been more right than anyone realized.


This was near to my thinking back in 2003 to present SPG. The reasons given for the Iraq War and the rhetoric surrounding it lacked a ring of truth. Research on the subject lead me to the Peak Oil theory and finally to this website. I can thank the Bush Administration for that. However, it also opened a frightening view of the future.

We can't know the strategic plans in play but we can guess and I would say that an attack on Iran is very likely before Bush leaves office. Then any new administration will be locked into a policy they cannot easily extract themselves from. See Bush I's incursion into Somalia at the end of his term. He left Clinton a mess, which Clinton proceeded to make even worse.
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frankthetank
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PostPosted: Mon Jun 30, 2008 8:50 am    Post subject: Re: Another Record ($143.67) Add User to Ignore List Reply with quote

So how will gasoline prices be set? I'm guessing rationing will look very likely in the next 5 years?
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smallpoxgirl
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PostPosted: Mon Jun 30, 2008 8:53 am    Post subject: Re: Another Record ($143.67) Add User to Ignore List Reply with quote

DomusAlbion wrote:
This was near to my thinking back in 2003 to present SPG. The reasons given for the Iraq War and the rhetoric surrounding it lacked a ring of truth.


Yeah. It was always obvious there was an oil motive involved. What's new for me is the idea that the ensuing chaos was an accepted part of the plan. The question is, if they're going to stir up the hornets nest that is Iran, do they first need things to be more settled in Iraq. Maybe the answer is no. Maybe as long as they can protect the oil fields, it doesn't really matter for US foreign policy how much blood is flowing in the streets of Baghdad.


Quote:
See Bush I's incursion into Somalia at the end of his term. He left Clinton a mess, which Clinton proceeded to make even worse.

I'm still not convinced they actually will attack Iran right now. I'm pretty sure it would mean oil prices of $200+. That would have Wall Street soiling itself. Once production starts to decline, all bets are off.
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roccman
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PostPosted: Mon Jun 30, 2008 8:55 am    Post subject: Re: Another Record ($143.67) Add User to Ignore List Reply with quote

DA and SPG

Your recent posts have been fully discussed in the 911 thread related to "why Iraq?" and "their" plan and the end game.

Keep in mind Kissinger said in the 70s that 80% of the global population needed to be culled and that oil was far too important a resource to allow the Arabs to control.

I would encourage the both of you to re and re-read salient entries in that thread (as AP would say).

This all really should come as no suprise, but I can understand how most go kicking and screaming to break from the great illusion.
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dohboi
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PostPosted: Mon Jun 30, 2008 9:58 am    Post subject: Re: Another Record ($143.67) Add User to Ignore List Reply with quote

DA wrote: "We can't know the strategic plans in play but we can guess and I would say that an attack on Iran is very likely before Bush leaves office."

There will be no new administration. Bush will declare marshal law, lock up all muslims, peace activists, gas-price prtesters, posters on this site...

He could do this even before he and the congress dissolved the constitution, and now there is nothing in his way. We're already spitting distance from $150. We could easily be at $200 before election time. The bank melt down will be unstoppable by then, the dollar worthless as anything but toilet paper.

Lots of reasons to istitute marshal law.

The one hope is that Bush will have destroyed the military to such an extent that his orders will be uninforcable, or that the military will finally refuse to obey his orders. But the mayhem that will be unfolding will make many call for the sense of control that marshal law would provide.

Oil will be rationed or simply not available to anyone but the military and perhaps some emergency services.
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vision-master
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PostPosted: Mon Jun 30, 2008 10:03 am    Post subject: Re: Another Record ($143.67) Add User to Ignore List Reply with quote

What about those millions of armed Amerikans? Razz
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Hogan
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PostPosted: Mon Jun 30, 2008 11:04 am    Post subject: Re: Another Record ($143.67) Add User to Ignore List Reply with quote

OMG. What a bunch of overreacting crazy doomers you people are. Didn't any of you see this article today?

Stocks advance as oil pulls off fresh high

Quote:
Stocks rose Monday, the final session of an arduous first half, as the price of oil pulled off its high and relieved some inflation worries.

link

I mean.. c'mon. Oil temporarily plummeted 3 dollars back down below the new all-time high set today and the stock market is rallying like there's no tomorrow. I mean, really. What is everyone around here so worried about?

/sarcasm off

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roccman
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PostPosted: Mon Jun 30, 2008 11:30 am    Post subject: Re: Another Record ($143.67) Add User to Ignore List Reply with quote

dohboi wrote:
DA wrote: "We can't know the strategic plans in play but we can guess and I would say that an attack on Iran is very likely before Bush leaves office."

There will be no new administration. Bush will declare marshal law, lock up all muslims, peace activists, gas-price prtesters, posters on this site...

He could do this even before he and the congress dissolved the constitution, and now there is nothing in his way. We're already spitting distance from $150. We could easily be at $200 before election time. The bank melt down will be unstoppable by then, the dollar worthless as anything but toilet paper.

Lots of reasons to istitute marshal law.

The one hope is that Bush will have destroyed the military to such an extent that his orders will be uninforcable, or that the military will finally refuse to obey his orders. But the mayhem that will be unfolding will make many call for the sense of control that marshal law would provide.

Oil will be rationed or simply not available to anyone but the military and perhaps some emergency services.


Cool

DA and SPG began speculating on Shanny's great thread and here we are...back in my neighborhood.

Since the mods gave the green light tp speculate...

Here goes...

You are dead right dohboi !

Bush is not going anywhere.

Martial law, the amero, and food riots will be main news stories...

and all of it...all of it...all of it was triggered on 911.
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Armageddon
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PostPosted: Mon Jun 30, 2008 12:03 pm    Post subject: Re: Another Record ($143.67) Add User to Ignore List Reply with quote

roccman wrote:
dohboi wrote:
DA wrote: "We can't know the strategic plans in play but we can guess and I would say that an attack on Iran is very likely before Bush leaves office."

There will be no new administration. Bush will declare marshal law, lock up all muslims, peace activists, gas-price prtesters, posters on this site...

He could do this even before he and the congress dissolved the constitution, and now there is nothing in his way. We're already spitting distance from $150. We could easily be at $200 before election time. The bank melt down will be unstoppable by then, the dollar worthless as anything but toilet paper.

Lots of reasons to istitute marshal law.

The one hope is that Bush will have destroyed the military to such an extent that his orders will be uninforcable, or that the military will finally refuse to obey his orders. But the mayhem that will be unfolding will make many call for the sense of control that marshal law would provide.

Oil will be rationed or simply not available to anyone but the military and perhaps some emergency services.


Cool

DA and SPG began speculating on Shanny's great thread and here we are...back in my neighborhood.

Since the mods gave the green light tp speculate...

Here goes...

You are dead right dohboi !

Bush is not going anywhere.

Martial law, the amero, and food riots will be main news stories...

and all of it...all of it...all of it was triggered on 911.




As planned.
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Chuckmak
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PostPosted: Mon Jun 30, 2008 12:29 pm    Post subject: Re: Another Record ($143.67) Add User to Ignore List Reply with quote

smallpoxgirl wrote:
Bush's "mission accomplished" speech may have been more right than anyone realized.


hmmmmmmmmmmmmm....................

*strokes beard*
*i would if i had a beard*
*i don't have a beard*
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Zardoz
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PostPosted: Mon Jun 30, 2008 1:39 pm    Post subject: Re: Another Record ($142.99) Add User to Ignore List Reply with quote

godq3 wrote:
...Where are you following the prices of oil?.

Three more:

Bloomberg

Barchart

321 Energy

This site charts the spot market. Tapis (Malaysia's ultra-high-quality crude) prices seem to foreshadow what's just around the corner for Nymex:

Upstream Online

Tapis is getting scarily close to $150.
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Zardoz
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PostPosted: Mon Jun 30, 2008 1:48 pm    Post subject: Re: Another Record ($143.67) Add User to Ignore List Reply with quote

roccman wrote:
You are dead right dohboi !

Bush is not going anywhere.

Martial law, the amero, and food riots will be main news stories...

When Obama takes office next January, what will you all you President-For-Life Dubya buffs say then?
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