Apparently, Saudi Arabi wants President Obama to win in November....
http://www.zerohedge.com/news/spot-odd-commodity-out
http://www.zerohedge.com/news/spot-odd-commodity-out
Equities up, commodities up, oil down???
- Thread starter ssd
- Start date
The Saudi's know the game is rigged,
they want to bet on the team that's up by 17 at the 2 minute Warning
<iframe width="420" height="315" src="http://www.youtube.com/embed/l5DCFjk_O4w" frameborder="0" allowfullscreen></iframe>
they want to bet on the team that's up by 17 at the 2 minute Warning
<iframe width="420" height="315" src="http://www.youtube.com/embed/l5DCFjk_O4w" frameborder="0" allowfullscreen></iframe>
Really? For the last two months gas prices have been going up and again today they went up unless you live on another planet. Don't you look at those numbers they post on those big signs out front of gas stations? 3.99 today and what a great thing to say when they hit 4.20 is that gas is at an all time high. I predicted this would happen two years ago but if u want to believe they have been heading down so be it.
Sponge:
Last Friday, oil breached the $100 mark, going north to $100.22
Today, it is trading at $91.30.
10% drop in 3 days.
Why?
It will take some time for the drop in the crude price to be reflected at the pump.
Last Friday, oil breached the $100 mark, going north to $100.22
Today, it is trading at $91.30.
10% drop in 3 days.
Why?
It will take some time for the drop in the crude price to be reflected at the pump.
Oil prices are always on the move, sometimes slowly, and sometimes dramatically. The Saudis have far less influence than do the traders, who trade more oil in a day than the Saudis produce in a month, maybe more than in a year.
The Saudis don't give a rat's ass who wins the election. Whoever it is, the USA will buy oil. And the Saudis are interested in only one thing. How much money can we get.
You think they will give one president or another a price break?
Fuggedaboudit.
They've got us by the short hairs and they know it.
I have a friend who went to work for ARAMCO way back when. Saudi was producing oil for $2, and selling it for $50.
The Saudis have only one piece of advise for us and the rest of the world: Bend over.
