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Post by PhantomWolf on Nov 21, 2008 19:34:37 GMT -4
Yeah OPEC is really hurting at US$49 considering that before the bubble started it was at US$25 a barrel......
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Post by dragonblaster on Nov 22, 2008 4:18:45 GMT -4
Errr... yes, I know.
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Post by echnaton on Nov 24, 2008 11:52:24 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. This is the main problem, you would rather listen to some guy on the radio than learn about the real world. The price of oil is based on economics. When certain economic attributes are observed, one can make an educated guess about the direction of price movements. Unfortunately, many of the attributes are not clearly observable such as actual excess production and the level of financial trading in energy futures. These are estimated and projections can be no better than the estimates. Still, when the world is going into a recession, history tells us tha energy prices will decline. This is a no brainier and does not require the invention of a secret organization in control of the world to understand.
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Post by Dead Hoosiers on Nov 25, 2008 1:43:38 GMT -4
Ooooooooooh, sour grapes, huh? So ID got one right. Big deal. echnaton, at the time this guy went on the air, oil was over $100/barrel. Oil hasn't been $50/barrel in 2 years.
Everyone else, this wasn't a psychic prediction. It was a guy on a radio program who claimed he knew an illuminati "insider" who told him oil would drop to $50. Now it's below $50. So ID was wrong after all??? Stop yer whining and enjoy the gas prices.
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Post by gillianren on Nov 25, 2008 1:49:20 GMT -4
I don't think you get it. He was making an easy prediction that is supposed to bolster support for all the other random crap he's spewing and get the naive, like you, to believe the other stuff he says. You have had basic economics tell you why it's hardly astonishing for certain things to happen. It doesn't require inside information. But he convinces the naive, like you, that he's got basics and knows stuff that they don't. It's usually the start of a con that the naive, like you, will fall for.
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Post by PhantomWolf on Nov 25, 2008 3:39:31 GMT -4
Ooooooooooh, sour grapes, huh? So ID got one right. Big deal. echnaton, at the time this guy went on the air, oil was over $100/barrel. Oil hasn't been $50/barrel in 2 years. Everyone else, this wasn't a psychic prediction. It was a guy on a radio program who claimed he knew an illuminati "insider" who told him oil would drop to $50. Now it's below $50. So ID was wrong after all??? Stop yer whining and enjoy the gas prices. True it was still over $100, but not by much. From the dating of your post, it would seem the interview (you hinted that it was 2 weeks prior to your posting on the 18th) was done around the beginning of October. If this was the case then Oil prices had been dropping for 3 months! They had peak at over $140 in June and werre down to just over $100 at the start of October. As to "Backrupting" the Middle East, Traditionally Oil has sat between US$20-30 (adjusted to 2008 $) for the past 60 years (other then a short spike in the last 70's early 80's where it went up to $US97 adjusted) why would selling at $50 (twice the price of the past 60 years) hurt them?
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Post by echnaton on Nov 25, 2008 11:18:34 GMT -4
Ooooooooooh, sour grapes, huh?
Not at all, just parsimony. When a person makes a prediction that follows from known economic ideas and history, the existence of an overriding controlling entity is completely unnecessary. I've been reading economic analysis since last spring that predicted the decline in oil prices this year. One of the prime reasons was the inability of financial buyers to realize profits by bidding buying futures contracts when oil prices appeared to have reached near to a peak.
Second point, if someone makes enough predictions on things that are possible, then getting one right cannot be distinguished from chance. So the ID did not aim right in my book, but rather fired bird shot from a shot gun and made a chance hit with one pellet. Do you see the difference. If you happen to hit a bird that is already wounded and falling, you really haven't brought it down.
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Post by Dead Hoosiers on Nov 25, 2008 19:54:01 GMT -4
gillian, as usual, you're clueless as to what's going on around you.
PW and echnaton, try to lighten up and have a little fun. This was never a dead earnest prediction that I believed in. From early on I stated I didn't know whether the guy was for real. Regardless of oil history and everything else you posted, ID was right. So what if it's not a big deal? Sheesh! Enough already.
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Post by echnaton on Nov 26, 2008 9:46:02 GMT -4
I'll take that as a retraction.
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Post by Data Cable on Nov 26, 2008 15:26:11 GMT -4
Regardless of oil history and everything else you posted, ID was right. Even a broken clock is right twice a day.
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Post by Tanalia on Nov 26, 2008 20:28:15 GMT -4
Regardless of oil history and everything else you posted, ID was right. Even a broken clock is right twice a day. But is absolutely useless if you can't tell with any precision when it's right.
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Post by VALIS on Nov 26, 2008 20:51:25 GMT -4
I'll have to go with Dead Hoosiers on that one. The guy got the prediction right whether he had illuminati insider information or not (and I'd go with not). Well, the timing is blurry at best but still he did better than most predictions on this thread.
I personally made a prediction that the pope would break a leg. If it happened I'd count it as a hit, insider information about his bone structure or not.
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Post by PhantomWolf on Nov 27, 2008 5:17:15 GMT -4
I'll have to go with Dead Hoosiers on that one. The guy got the prediction right whether he had illuminati insider information or not (and I'd go with not). Well, the timing is blurry at best but still he did better than most predictions on this thread. I personally made a prediction that the pope would break a leg. If it happened I'd count it as a hit, insider information about his bone structure or not. Well the question I'd have is "Is it a valid prediction if all the indicators are pointing in that direction?" If I look at a weather map and see a low heading towards me, can I call it a correct prediction if I say "It's going to rain in the next few days."? The fact is that Oil prices had slumped fairly dramatically in the three months up to the prediction, so yes, he was right, but was it really a valid prediction or was it just a good reading of the markets?
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Jason
Pluto
May all your hits be crits
Posts: 5,579
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Post by Jason on Nov 27, 2008 13:00:59 GMT -4
I think my prediction that Hillary Clinton would not be president was much more impressive, considering the time at which it was made. So do I therefore have insider Illuminati information?
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Post by bazbear on Nov 27, 2008 21:06:50 GMT -4
I think my prediction that Hillary Clinton would not be president was much more impressive, considering the time at which it was made. So do I therefore have insider Illuminati information? Is a that semi-admission Jason!? You NWO (or whatever super secret organization(s) we all know about from the... hmmm... enlightened ) insider you! ETA: the word "a" lol
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