#Login Register
Login
  • Activation code:


  • 17 Vote(s) - 3.29 Average
Home 
New Reply


Saudi Arabia's `Day of Rage' Lures Record Bets on $200 Oil
JayRodney Show this Post
03-07-2011, 11:36 PM #1
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,202 Threads:1,487 Joined:Feb 2011
Options traders are betting more than ever that crude oil is heading to $200 a barrel as some websites call for a “Day of Rage” in Saudi Arabia and anti- government protests spread in the Middle East and North Africa.

Bloomberg

All this instability in the region creates a real bonanza in terms of profits for the oil companies and oil producing nations.

Gas in Europe is already 8 usd a gallon, this is going to drive people right off the road.

If that is indeed that is the outcome of these grossly inflated numbers, then globalization will have been a failed experiment it's no longer practical.

There could be a return to manufacturing and jobs.
wonder.gif

Find
Reply Quote

Octo Show this Post
03-08-2011, 12:24 AM #2
Octo Mother Superior
Posts:41,346 Threads:1,581 Joined:Feb 2011
yes they're talking about the new energy crisis here as well...things are going according to plan agent_smith.gif
Find
Reply Quote

Anonymous Kritter Show this Post
03-08-2011, 12:25 AM #3
Anonymous Kritter Incognito Anonymous
 
damned.gif $200 a barrel? Holy shit.
Reply Quote




Home 
New Reply




 



DISCLAIMER / Terms of Service (TOS):
Kritterbox.com - Socialize anonymously, commentary, discussion, oddities, technology, music and more!  This website is provided "as is" without warranty of any kind, either expressed or implied. kritterbox.com shall not be liable for any damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use or performance of this site or other documents which are referenced by or linked to this site.
This website exists solely for the purposes of exchange of information, communication and general entertainment. Opinions from posters are in no way endorsed by kritterbox.com. All posts on this website are the opinion of the authors and are not to be taken as statements of fact on behalf of kritterbox.com. This site may contain coarse language or other material that kritterbox.com is in no way responsible for. Material deemed to be offensive or pornographic at the discretion of kritterbox.com shall be removed. kritterbox.com reserves the right to modify, or remove posts and user accounts on this website at our discretion. kritterbox.com disclaims all liability for damages incurred directly or indirectly as a result of any material on this website. Fictitious posts and any similarity to any person living or dead is coincidental.
All users shall limit the insertion of any and all copyrighted material to portions of the article that are relevant to the point being made, with no more than 50%, and preferably less of the original source material. A link shall be visible in text format, embedded directly to the original source material without exception.
No third party links, i.e. blogs or forums will be accepted under any circumstances, and will be edited by staff in order to reflect the original source of copyrighted material, or be removed at the sole discretion of kritterbox.com.
Fair Use Notice:
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. Users may make such material available in an effort to advance awareness and understanding of issues relating to economics, individual rights, international affairs, liberty, science, and technology. This constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C.Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for educational and/or research purposes.
This Disclaimer is subject to change at any time at our discretion.
Copyright © 2011 - 2017 kritterbox.com