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Post by lazarusty on Nov 14, 2008 20:43:18 GMT -4
Except me.
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Post by Dead Hoosiers on Nov 14, 2008 21:09:37 GMT -4
Ha ha. I know! But you cut those false prophets a whole lotta slack. Have you changed your mind in that regard? If so, let's start a new thread and do Biblical prophecy.
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Post by lazarusty on Nov 14, 2008 22:40:55 GMT -4
But they sooooo tickle my ears!
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Post by Ginnie on Nov 14, 2008 22:56:03 GMT -4
Alas, no. He's tabby. And, I assure you, he is far too dumb to be a spy for anyone. ...dumb is right...my cats are too dumb to know what daylight savings time is...now they wake me up at five a.m. instead of six, This morning both of them were on top of my chest, one licking my chin, the other rubbing his teeth against my face. Then he bit my nose! Left a mark too... I almost felt like not giving them breakfast.
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Post by laurel on Nov 14, 2008 23:15:11 GMT -4
Ouch! A housemate's pet rat bit my nose once. I was not happy.
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Post by Ginnie on Nov 15, 2008 0:07:45 GMT -4
Ouch! A housemate's pet rat bit my nose once. I was not happy. I have two pet rats. They don't bite very hard really. Can't draw blood like my nice cats. And to keep this post on track, I predict I will get bitten again.
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Post by gillianren on Nov 15, 2008 1:32:37 GMT -4
As to Biblical prophecy, no man shall know the day or the hour . . . .
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Post by Dead Hoosiers on Nov 15, 2008 4:08:02 GMT -4
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Post by echnaton on Nov 15, 2008 5:30:26 GMT -4
Actually I have to disagree. This might be a valid senario in some cases, but not in what we have just seen. All through the boom years of the 1990's and into the mid 2000's, oil prices were low, down in the US$20-30 a barrel range. True that the price was coming up slowly due to increased demand, especially in India and China, but because demand was not yet outstripping possible supply this trend was generally slow, even with the Iraq War threatening supply and a number of gulf hurricanies shutting down American production and causing jitters in the market. The price didn't really start to spike until the investment markets started to collapse, starting with the sub-prime mortguages and bad risk credit companies. Once those areas of investment started to decline banks and hedge funds that want quick high returns started looking elsewhere and entered the commodities market, mainly oil. With predictions in June of oil hitting US$200 a barrel by the end of the year, it was still apparently a safe investment to buy oil at $130 a barrel then wait the six months to sell at US$70 a barrel profit (nearly a 50% gain in just 6-months). What the high oil prices, the credit crunch, the stock market crash, and the r-word have done is changed that playing field. Demand certainly dropped for oil, meaning that there was no longer an insentive to buy huge amounts, and even the speculators couldn't hold the prices up, they themselves were over stocked and no one was willing to buy at the higher prices. So the market crashed, exactly the same as the share market, and as the investors attempted to divest themelves of fast becoming worthless oil, they have created a bigger glut in the market which pushes prices down even further. Of course with shares plumeting most of the investeors hurting from their oil prices dropping through the floor will be able to make some of it back by buying shares while they are low and waiting for them to recover, but even so there is a lot of hurting out there. Not that I can say I am that sad for some of them, but others will find that the company that was managing their retirement savings has taken some pretty big hits, and that's unfortunate for those people. I agree that speculation has drummed up the price of oil. That is why I asked DH about it in my last paragraph. I thought looking up some facts might be more interesting than this Illuminati BS. But speculation in the futures market can only drive the price significantly higher when supply is already tight. Because of the lack of public information on excess supply and the amount of speculation, I doubt that anyone has a clear picture as the the relative contribution of either.
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Post by Dead Hoosiers on Nov 20, 2008 20:07:38 GMT -4
Oil dropped to $49.63 today. Illuminati Dude got one right. Echnaton, I don't do market specs--just CTs. A man claiming to know an illumined one said he was told oil would drop to $50/barrel. That's all. Oh, I think it was to put the hurts on OPEC. Anyhow, I just posted it for fun. Based on market history, maybe I'll buy. Oil should go up to about $71/barrel by this time next year if it's not being manipulated by you-know-who.
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Post by gillianren on Nov 21, 2008 1:06:50 GMT -4
Wait--you never established what "by the time this is all over" means. You implied earlier that it was the election, which it obviously wasn't. If you're willing to accept such vaguely-phrased information, no wonder you believe it. Did you know there'll be an earthquake on the Ring of Fire before this is all over?
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Post by Dead Hoosiers on Nov 21, 2008 3:50:52 GMT -4
... If oil drops to $50/barrel before the year is out I'll be more impressed with him than if he calls the presidential election correctly. ... I can't remember how to link back to a previous post, so I'll just quote myself. BTW, it's November.
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Post by gillianren on Nov 21, 2008 3:58:17 GMT -4
No kidding?
Look, I would have been more astonished if he'd gotten the election right, given that every indicator (unto height and Halloween masks) indicated that Obama was going to win. The price of oil dropping when it already was? Woo hoo!
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Post by dragonblaster on Nov 21, 2008 11:36:12 GMT -4
I predict that the price of oil will be different in 2010 to what it is now. I'll go even further and say the price of oil will be different tomorrow!
Now if that's not putting your money where your psychic mouth is, nothing is!
Oh, all right. Nothing is.
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Post by captain swoop on Nov 21, 2008 12:50:36 GMT -4
with the price that oil peaked at It's no surprise that the price has fallen. Even at $49 it's way above it's average. With the recession I am expecting to see it fall even further. That's not psychic.
Put the Hurts on Opec?
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