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Futures Slide As Iran Tensions Ease
05-23-2012, 03:39 AM #1
Tacolover II Member
Posts:427 Threads:59 Joined:Feb 2011

No surprise here coffeetime.gif

http://us.mg201.mail.yahoo.com/dc/launch...&box=Inbox

Iran is the winner here as they had so many people believing there would be a confrontation. Oil prices shot up DUH and they made billions on the black market.

and reality they made fortunes off of all of us.

That's almost as dumb as the Gulf of Mexico flesh eating bacteria from the BP Macondo blowout...
05-23-2012, 09:18 AM #2
Octo Mother Superior
Posts:42,578 Threads:1,469 Joined:Feb 2011
Hey Taco! That link is no good wave.gif
Quote:Oil prices shot up DUH and they made billions on the black market.
and reality they made fortunes off of all of us.

Sounds an awful lot like facebook... coffeetime.gif
05-23-2012, 01:59 PM #3
Tacolover II Member
Posts:427 Threads:59 Joined:Feb 2011
(05-23-2012, 09:18 AM)Octo Wrote:  Hey Taco! That link is no good wave.gif
Quote:Oil prices shot up DUH and they made billions on the black market.
and reality they made fortunes off of all of us.

Sounds an awful lot like facebook... coffeetime.gif




lol.gif Yea but the world doesn't stop without Facebook...They weren't stupid enough to pick as fight but smart enough to globally raise the price of oil and make billions out of it without firing a shot.
05-23-2012, 02:51 PM #4
Octo Mother Superior
Posts:42,578 Threads:1,469 Joined:Feb 2011
Well I suspect the world would keep turning without oil too. chuckle.gif

Meanwhile in Europe... shit-hits-the-fan.gif

cheers.gif

05-23-2012, 03:02 PM #5
Kreeper Griobhtha
Posts:10,578 Threads:633 Joined:Feb 2011
(05-23-2012, 01:59 PM)Tacolover II Wrote:  
(05-23-2012, 09:18 AM)Octo Wrote:  Hey Taco! That link is no good wave.gif
Quote:Oil prices shot up DUH and they made billions on the black market.
and reality they made fortunes off of all of us.

Sounds an awful lot like facebook... coffeetime.gif




lol.gif Yea but the world doesn't stop without Facebook...They weren't stupid enough to pick as fight but smart enough to globally raise the price of oil and make billions out of it without firing a shot.


The world would stop for several hundred million people.

chuckle.gif


Too bad those billions will go into the pockets of their leaders.

13.gif

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
05-23-2012, 03:27 PM #6
Tacolover II Member
Posts:427 Threads:59 Joined:Feb 2011
(05-23-2012, 03:02 PM)Kreeper Wrote:  
(05-23-2012, 01:59 PM)Tacolover II Wrote:  
(05-23-2012, 09:18 AM)Octo Wrote:  Hey Taco! That link is no good wave.gif
Quote:Oil prices shot up DUH and they made billions on the black market.
and reality they made fortunes off of all of us.

Sounds an awful lot like facebook... coffeetime.gif




lol.gif Yea but the world doesn't stop without Facebook...They weren't stupid enough to pick as fight but smart enough to globally raise the price of oil and make billions out of it without firing a shot.


The world would stop for several hundred million people.

chuckle.gif


Too bad those billions will go into the pockets of their leaders.

13.gif



Yuppers


stinky linky? I just hit it and came right to the article, maybe because I'm a registered user.

"Oil prices slid to an eight-month low as concerns about Iran subsided a bit.

Light, sweet crude for June delivery fell 91 cents to $91.66 a barrel in light trading, the lowest level since October 2011.

Traders and analysts said that a proposed deal between Iran and the International Atomic Energy Agency should ease tensions between the West and Iran's nuclear program. Iran had threatened to disrupt supplies if the European Union went ahead with sanctions over Tehran's projects.

Yukiya Amano, head of the IAEA, said he and Iran's chief nuclear negotiator said they had made a "decision" to reach an agreement allowing the U.N. agency to probe suspected attempts by Tehran to construct nuclear weapons.

But no agreement has been signed, with Amano saying it would happen "soon." He attributed the delay to unspecified "differences."

News of the possible agreement has been met with widespread skepticism. The White House said the U.S. would judge Iran by its actions, not its words.

"Let's face it, coming into the meeting, Iranians are going to say anything they can go avoid sanctions," said Peter Donovan, vice president and oil trader at Vantage Trading.

If progress is made to peacefully resolve the tensions over Iran's nuclear program, oil prices could drop below $90, Donovan added.

Also adding pressure are forecasts of a slowdown in the euro zone. The Organization for Economic Cooperation and Development forecast a 0.1% contraction this year for the single-currency area and growth of only 0.9% in 2013.

Oil futures prices have fallen 13% this year on worries that the euro-zone debt crisis would put the brakes on European growth--and slow economic expansion around the world. That could cut demand for crude and other commodities.

Still, the market was less than decisive about the news from either Iran or the euro zone.

"This is mixed, light-volume trade that really tells us very little," said Tim Evans, energy analyst at Citi Futures Prespective."

05-23-2012, 03:35 PM #7
Octo Mother Superior
Posts:42,578 Threads:1,469 Joined:Feb 2011
Funny how the oil prices are never reflected at the pumps vic.gif We still pay €1.66 / liter on average for the CHEAPEST gas. Also read that this has lead to a 20% drop in fuel sale over here.
05-23-2012, 03:44 PM #8
Kreeper Griobhtha
Posts:10,578 Threads:633 Joined:Feb 2011
European growth? Slow economic expansion?

wtf2.gif



lmao.gif




I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
05-23-2012, 03:50 PM #9
Kreeper Griobhtha
Posts:10,578 Threads:633 Joined:Feb 2011
(05-23-2012, 03:35 PM)Octo Wrote:  Funny how the oil prices are never reflected at the pumps vic.gif We still pay €1.66 / liter on average for the CHEAPEST gas. Also read that this has lead to a 20% drop in fuel sale over here.



That's not true. They are reflected at the pump every time oil prices go up.



chuckle.gif

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
05-23-2012, 04:11 PM #10
Tacolover II Member
Posts:427 Threads:59 Joined:Feb 2011
What I hate is the price goes way up then down a little until you get used to that price then way up again and down a little repeatedly.

Since when are the consumers here in the US supposed to be happy with $3.50/gallon+

Make it sound like you just won the million dollar Lotto
Pffffffffhhhhhhhhhhhtt

sux
05-23-2012, 04:26 PM #11
Octo Mother Superior
Posts:42,578 Threads:1,469 Joined:Feb 2011
(05-23-2012, 03:50 PM)Kreeper Wrote:  
(05-23-2012, 03:35 PM)Octo Wrote:  Funny how the oil prices are never reflected at the pumps vic.gif We still pay €1.66 / liter on average for the CHEAPEST gas. Also read that this has lead to a 20% drop in fuel sale over here.



That's not true. They are reflected at the pump every time oil prices go up.



chuckle.gif


iagree.gif bored.gif

That's exactly their strategy it seems Taco. ğkkin bastards! gaah.gif
05-23-2012, 04:31 PM #12
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,268 Threads:1,438 Joined:Feb 2011
All this really means is war drums will start beating again. I've said several times that it seems this was all artificial tension created for the specific purpose of driving up oil prices. The green agenda at work.

wonder.gif
05-23-2012, 05:29 PM #13
Tacolover II Member
Posts:427 Threads:59 Joined:Feb 2011
(05-23-2012, 04:31 PM)JayRodney Wrote:  All this really means is war drums will start beating again. I've said several times that it seems this was all artificial tension created for the specific purpose of driving up oil prices. The green agenda at work.


Yessir but orchestrated by whom? My bet would be Iran and Libya with possibly a few more...
05-23-2012, 05:34 PM #14
Octo Mother Superior
Posts:42,578 Threads:1,469 Joined:Feb 2011
I'm betting on the POO. (Formerly known as tptb)


13.gif
05-23-2012, 09:28 PM #15
Kreeper Griobhtha
Posts:10,578 Threads:633 Joined:Feb 2011
Here is how you know it is all a lie. If the fantasy of nationalities and bettering our nation and all that jive were true, the US and Canada would be switching over to natural gas. We have an estimated 200+ years worth in the ground and have already pumped so much that they are almost out of storage space and are having to cap wells. Why aren't we converting over and freeing ourselves from our bondage to the middle east?


Because it's a lie.

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night



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