Originally posted by Seekerof
You guys must be brothers or twins separated at birth?
I think that anytime that you want to take on some mods in a debate, I am quite sure that there are a number that would easily "dissect" you two clowns. Bet.

But of course we are. He's real name is Billy Bob and mine is Joe Bob.


So, when you step on cat's tail it really meows.


Oh, and Seekerof

I AM YOUR FATHER!

the post tagging adds an interesting air of authority also.
left over from the moderator days of seeker-of

Adam J

One has to assume the rapid rise of the oil price has everything to do with the threat of the Euro.... The only way for the Us administration to fight the Euro at this stage is to manipulate the oil price ( wich is determined mainly by the NYMEX and IPE) and raise it as much as they can by speculative forces and inventing threats to oil supply security left right and center. There is as always enough oil on the market on any given day to go around and many 'specialist' 'forget' to mention how the US has put 70 million barrels into their strategic reserve over the very months when prices were going up.... One might speculate that it was just another means of creating artificial demand to ruin the market.

The reason behind creating artificially high oil prices would obviously be to stimulate demand for the dollar as reserve currency. As nearly everyone still needs it to buy their oil on dollar markets they will need those dollars. Since dollars are in demand the most efficient way to get them for the average third world country is by trading away natural resources for them and thus stimulating dollars needs in the west to finance their own raw material imports from those same countries...

Well that's what the material i have read indicates at least.

Stellar

of course if your company now owns some of this oil in Iraq, the higher the price the better.
i wrote somewhere else i heard that its going to go over $100. thats the bilderberg plan or something

[edit on 12-8-2005 by AdamJ]

Originally posted by yanchek

Oh, and Seekerof

I AM YOUR FATHER!

/me hears Seekerof in a Darth Vader voice go
"Noooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo"

Perhaps I am wrong, and I probably am, but the mods are here to keep things on topic, not to bully and shut people's opinions down, right? Just an observation.

My opinion is that this is a fascinating topic. Finally, a reasonable cause for the effect of this war. Oil is the backing of our dollar now, not gold, and this subject provides a terrific guage for the global climate right now.

RIght on.

Originally posted by TruthWithin
Perhaps I am wrong, and I probably am, but the mods are here to keep things on topic, not to bully and shut people's opinions down, right? Just an observation.

My opinion is that this is a fascinating topic. Finally, a reasonable cause for the effect of this war. Oil is the backing of our dollar now, not gold, and this subject provides a terrific guage for the global climate right now.

RIght on.

Well wars may be fought by people against people but if they were left alone people would simply get along or sort out their differences with little bloodshed. Wars are started and kept going by the 'control groups ( otherwise called governments)' of various nations and continents, using humans or whatever else works best, for expanded control of their group over other control groups. The invasion of Iraq was likely to undermine the Euro on the one hand and to cause the sort of instability in the region that might serve as an excuse to artificially raise oil prices and thus float the Usd on the new demand on the other. Then there is the huge American corporate subsidy that is popularly called the 'Iraq reconstruction program' and also the massive subsidy of the American military industrial complex the occupation results in. All these things leads to control over money and as Mayer Rothschild observed that was all he needed to enable him to do what he wanted.

Stellar

[edit on 13-8-2005 by StellarX]

what im thinking is, high oil prices will affect the cost of fuel and therefore alot of the logistics of the economy. ie business transport costs go up.

the dollar as a currency appears to be supported only by the us economy, the strength of the economy is what backs it up, not gold for example.

so a downturn in the economy because of more businesses struggling, might take the value of the dollar with it.

Originally posted by AdamJ
what im thinking is, high oil prices will affect the cost of fuel and therefore alot of the logistics of the economy. ie business transport costs go up.

The dollar as a currency appears to be supported only by the us economy, the strength of the economy is what backs it up, not gold for example.

so a downturn in the economy because of more businesses struggling, might take the value of the dollar with it.

If modern economies and economics were still based on the fundamentals of old that would be true but fuel and energy cost is paid by the consumer in the end ( and is as such just another form of tax being raised) and thus does comparably little harm the US 'economy' if compared to the damage that results from lower dollar demand world wide.

The worlds economy (if one will risk calling it that) is very much based on promises and a strong currency is in my opinion based on the military might or influence that can ensure that promises are made good. Im not alltogether sure that it has much anything to do with economics in the old sense of the word. It would suit me just fine if someone can show me that it is so please feel free to help me out!

Stellar

Another two countries pushing for the euro to be adopted for oil transactions are Iran and Venezuela. Guess which countries are pulling heat from the US right now......

The dollar remains strong because of the voracious Chinese/Asian appetite for US Bonds. The Asians HAVE to keep the dollar pumped up in value to keep the prices of their produce LOW by comparison.

The day these folks can't buy all the US debt (Treasury notes/Bonds) we can offer we will be in the soup for SURE.

A WEAK US Dollar combined with $60.00+ a barrel oil plus high consumer interest rates = Instant double digit Inflation... This = DEPRESSION, a bad one... Let's hope we can float our way out before it happens. So far, the "I" word has stayed OUT of our economy in unprecedented ways.

30 years ago we had oil prices not nearly as high (in 2005 dollars mind you) as they are today. This combined with a TERRIBLE Bond market which caused interest rates to soar, led us into the second worst depression in history. The Fed Chairman of the Carter Administration chose to do NOTHING so interest rates just kept rising until we had 18% rates on A-plus credit borrowers for a 30 year mortgage(!).

It amazes me how we have WORSE oil issues, terrorist knocking on the door, war in TWO countries, and the Chinese have managed to keep us OUT of inflation almost single-handedly.

They laughed at Nixon when he went to China... Who is laughing now?

The Chinese/Asia Pac have a huge collective economy and tons of cash. Totalitarian power that can pretty much do as it wants with the nation's treasure. They are doing the smart thing, keeping the U.S.Dollar strong so we keep buying their produce until they don't need us to anymore.

For the oil countries to change the currency standard on oil is NOT a US economy ending issue, it'll hurt like hell but it won't be half as bad as China/Asia cutting off the "Bond Buying Binge"...

Springer...

[edit on 8-15-2005 by Springer]

[edit on 8-15-2005 by Springer]

I could add the hundred or so links i have, concerning Asian influence on the Dollar, but your summary goes a long way. I would add that the majority of these so called Asian 'tiger' states grow trough 'export-led-growth' ( doublespeak for imperial exploitation) wich means that their economies depend on exports and thus a strong Dollar. It is the system of competitive Asian manufacturing states fighting ( wich means lower and lower slave labour type 'wages') each other for the shrinking western markets that keeps driving down the price of common consumer goods in the west. This system was very much imposed in the old imperial sense of the word and the beneficiaries are easy to spot.

Stellar

I have this image forming in my mind, of the Bush oilmen and the Saudi kings conspiraring together to artificially force up the price of oil, Debeers style, and get rich.

well here we go, Oil is well on the way. question is where will it stop. anyone wanna make a bet?

ill say its gonna go over $100

and first hit is gonna be the airline business. say goodbye to cheap air travel and all that entails

[edit on 1-9-2005 by AdamJ]