IMF: peak is here

Discussion in 'Energy' started by JiggsCasey, Apr 8, 2011.

  1. JiggsCasey
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    JiggsCasey VIP Member

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    In case you missed it.

    IMF warns oil growing scarce, most costly.


    The first pillar of global empire has finally come out and admitted what they've known about for years. What WE have known since May of 2001, when a US administration hid domestic energy policy from the American people -- all the way to the Supreme Court.

    Will the others follow suit, or keep up the charade? World Bank? USAID?

    Anyone taking odds on the DOW up or down today?
     
  2. KissMy
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    *yawn*
     
  3. JiggsCasey
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    lol
     
  4. Douger
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  5. editec
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    editec Mr. Forgot-it-All

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    This is but ONE of the multiple problems this economy is facing. Oil isn't growing scarce, but the demand for oil is growing worldwide so oil is getting more expensive.

    Add to that the fact that the USD is crashing like a stone, and the prioce of all imports will continue to rise.
     
  6. KissMy
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    Not only will import price rise but all necessary & transportable commodities are rising due to the falling dollar. If it is needed & can be shipped to other countries the price is going up. Cotton is up over 300%, Corn is up the same, Oil is up the same, Steel, Copper, Aluminum, Gold, Silver, Coal, Wheat, Soybeans, Lumber, Paper, Fertilizer, etc is all way up & climbing. Commodities flow to the highest bidder in global trading & our US Dollar is getting weaker & weaker.
     
  7. Mr. H.
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    Oil prices will soon crater, just as they did recently from $140 to $30.
    The hydrocarbon energy is out there. It's just a matter of commiting to its development and use.
     
  8. KissMy
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    I don't know about that. Last time prices climbed because oil commodity investors were hoarding oil in tankers (floating storage) offshore & hidden out of inventory. It came flooding ashore when Bush opened the OCS to drilling. Currently the Baltic Dirty Tanker Index (BIDY) is much lower than back then & falling. That indicates to me that price will not crater again.

    [​IMG]
     
    Last edited: Apr 8, 2011
  9. Mr. H.
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    I see. Interesting.
    Time will tell, I suppose.
     
  10. JiggsCasey
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    JiggsCasey VIP Member

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    It's right in the headline, and throughout the story.

    So the IMF is lying? Or just misinformed? If the former, for what purpose? If the latter, based on what data?
     
    Last edited: Apr 8, 2011

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