Oil quietly reaching $100/bbl

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posted on Feb, 23 2011 @ 11:54 AM
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anyone else notice oil has gone up $10 a barrel in the last week? It was around 88-89 around the 15th and now reaching 98. this may be the beginning of the surge to $120-150 bbl

www.bloomberg.com...

oil-price.net...




posted on Feb, 23 2011 @ 11:56 AM
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reply to post by djtek
 


wait 2-3 days until it gets to 160-200 $ ...
that will REALLY BE THE "SPARK " !



posted on Feb, 23 2011 @ 12:03 PM
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Lindsey Williams did an interesting interview with Alex Jones a day or two ago regarding the price of oil and the unrest in the Middle East. The oil tycoons want to push the price up to $200 a barrel before collapsing the US dollar and opening up the wells in America:










edit on 23-2-2011 by snoochieboochies because: (no reason given)



posted on Feb, 23 2011 @ 12:05 PM
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Well,Brent is already at 111.70$ currently,a 4,89% rise just today...



posted on Feb, 23 2011 @ 12:13 PM
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yup, it'll just get higher and higher because of the mid east turmoil-

all the while we will continue to buy it while we let china drill 90 miles off our coast

wanna jump start some economic growth? come out and say man made globalwarming is fake just like the emails confirmed, let that issue forever be dropped, and let our companys start drilling our oil, for us. so that we , the consumer, can spend the extra $2-$5 a gallon somewhere else.



posted on Feb, 23 2011 @ 12:20 PM
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That chump Lindsay Williams, LOL.

Preying on people's ignorance....

The price may very well go up to $200 shortly, but this is VERY EASILY predictable at this point.



If we actually open up our reserves, then you know civilization as we know it is about to implode.

We've got a few months worth of reserves capped, tops.



posted on Feb, 23 2011 @ 12:30 PM
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Originally posted by unityemissions
That chump Lindsay Williams, LOL.

Preying on people's ignorance....

The price may very well go up to $200 shortly, but this is VERY EASILY predictable at this point.


Well yes, anyone can make that prediction now after the trouble in the middle east in the past couple of weeks. The difference is he was talking about it 6 months to a year ago.



posted on Feb, 23 2011 @ 12:35 PM
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reply to post by snoochieboochies
 


LOL!!

I was talking about it long before he started.

SIX MONTHS?!

Give me a break.

If you understand the fundamentals then this stuff is cake to predict.



posted on Feb, 23 2011 @ 12:35 PM
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reply to post by unityemissions
 



read

read

we have alot of oil in and around our continent but we aren't allowed to get to it

and if we really do have a HUGE untapped oil supply under the rocky mtns, then we need to get to it

and if we had this oil to use, the money we spend on what we get from the mid east we could put towards R&D for an alternative fuel

edit on 23-2-2011 by Kingbreaker because: (no reason given)
edit on 23-2-2011 by Kingbreaker because: (no reason given)



posted on Feb, 23 2011 @ 12:37 PM
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reply to post by Kingbreaker
 


Quit being ignorant.

We consume nearly 22 MILLION barrels per DAY.

Multiply that by 365 and tell me we have enough oil.....




Your first link is from an anonymous guy. That site is likely bull#. Have you a reputable site that mentions anything even remotely close to +1trillion barrels?! That's what I thought. Rense is a complete joke. Not a reputable source.
edit on 23-2-2011 by unityemissions because: (no reason given)



posted on Feb, 23 2011 @ 12:42 PM
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Originally posted by unityemissions
reply to post by snoochieboochies
 


LOL!!

I was talking about it long before he started.

SIX MONTHS?!

Give me a break.

If you understand the fundamentals then this stuff is cake to predict.


Yeah, whatever. Of course the price of oil is going to go up. You don't even need to know the fundimentals to get that. Please enlighten us on this thread then as you seem to know a lot about it



posted on Feb, 23 2011 @ 12:42 PM
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reply to post by unityemissions
 



we do, but because of all the legislation out there trying to cap carbon, we cant do anything about it.. if we were drilling 90 miles off the coast instead of china, we would have enough oil, and we would see lower prices at the pump.. just from that alone. not saying pump gas would be back to under a dollar.. but it would be going in that direction instead of up
edit on 23-2-2011 by Kingbreaker because: (no reason given)



posted on Feb, 23 2011 @ 12:46 PM
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Originally posted by Kingbreaker
reply to post by unityemissions
 



read

read

we have alot of oil in and around our continent but we aren't allowed to get to it

and if we really do have a HUGE untapped oil supply under the rocky mtns, then we need to get to it

and if we had this oil to use, the money we spend on what we get from the mid east we could put towards R&D for an alternative fuel

edit on 23-2-2011 by Kingbreaker because: (no reason given)
edit on 23-2-2011 by Kingbreaker because: (no reason given)


Yep,lets drill hundres and thousands of Miles deep everywhere in America to get Oil...its not like there are any Fault-Lines,Volcanos and Super-Volcanos there...right?



posted on Feb, 23 2011 @ 12:47 PM
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reply to post by snoochieboochies
 


Sick of repeating the same over and over and over again.

Do your own homework, the equations aren't nearly as simplistic as most make it out to be.

We have plenty of oil still available.

We don't have much cheap sweet crude left.

It's much harder to get to the remaining oil = more tech, more resources to extract, more time, bla bla bla

What we have found in the last few decades is NOTHING compares to what was found in the prior few decades...


Not hard to see once you put the pieces together.

There's also an economic/oil cycle that's happening.

Because oil relies on a speculative supply/demand philosophy:

prices rise, enter recession, demand drops

prices plummet, slight recovery from recession, demand rises

repeat


It's simply repeating a cycle which will only get worse and worse until we ween off the oil.

off to work... ta-ta~



posted on Feb, 23 2011 @ 12:52 PM
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ding ding DING DING we have the first ever ,ok sense i have been on for a prediction come true oil is $100 bbl abcnews.go.com...



posted on Feb, 23 2011 @ 12:56 PM
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reply to post by unityemissions
 


basically the reason we consume 22 million a day is because we are processing both gasoline and diesel from each barrel. yup when we refine the crude to make gasoline the leftover stuff is diesel fuel-

with the amount of personal , and commercial vehicles on the road, as well as trains and construction equipment we can see why we consume so much. there are trucks out there being converted to run on natural gas.. much cheaper than crude atm.. if we did this for all our 18 wheelers, trains, etc. now at 22 million a day after these changes we could start building a surplus of crude because essentially we would be cutting our demand in half.or atleast we wouldnt have to buy 22 million


edit on 23-2-2011 by Kingbreaker because: (no reason given)



posted on Feb, 23 2011 @ 01:29 PM
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Originally posted by unityemissions
reply to post by snoochieboochies
 


Sick of repeating the same over and over and over again.

Do your own homework, the equations aren't nearly as simplistic as most make it out to be.

We have plenty of oil still available.

We don't have much cheap sweet crude left.

It's much harder to get to the remaining oil = more tech, more resources to extract, more time, bla bla bla

What we have found in the last few decades is NOTHING compares to what was found in the prior few decades...


Not hard to see once you put the pieces together.

There's also an economic/oil cycle that's happening.

Because oil relies on a speculative supply/demand philosophy:

prices rise, enter recession, demand drops

prices plummet, slight recovery from recession, demand rises

repeat


It's simply repeating a cycle which will only get worse and worse until we ween off the oil.

off to work... ta-ta~



I agree with you.

Below is where our opinions differ:

What Lindsey Williams is talking about is that the destabilisation thats going on in the Middle East is being done by design deliberatly to push the price of oil up and that there is plenty of untapped oil reserves in America. The oil wells will spring into operation once the American Dollar has collapsed making any bonds and foregn holdings worthless. The long term goal by his account is that TPTB want to bring in a one world currency before they tap into any of their own oil reserves and this has been a 50 year plan by the elites.

Might be true, may be untrue but i find it an intersting conspiracy theory.



posted on Feb, 25 2011 @ 06:58 AM
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reply to post by Shenon
 


well heaven forbid the oil companies use any sense, i would think that they would avoid fault lines.. and volcano's... hmm yeah, i think those are pretty hard to miss with the technology we have these days, and i don't think anyone wants to touch Yellowstone



posted on Feb, 28 2011 @ 10:06 AM
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reply to post by djtek
 


The U. S. Geological Service issued a report in April 2008 that only
scientists and oil men knew was coming, but man was it big. It was a revised
report (hadn't been updated since 1995) on how much oil was in this area of the
western 2/3 of North Dakota , western South Dakota , and extreme eastern Montana
...... check THIS out:

The Bakken is the largest domestic oil discovery since Alaska 's
Prudhoe Bay , and has the potential to eliminate all American dependence on
foreign oil. The Energy Information Administration (EIA) estimates it at 503
billion barrels. Even if just 10% of the oil is recoverable... at $107 a
barrel, we're looking at a resource base worth more than $5.3 trillion.

"When I first briefed legislators on this, you could practically see
their jaws hit the floor. They had no idea." says Terry Johnson, the Montana
Legislature's financial analyst.

"This sizable find is now the highest-producing onshore oil field
found in the past 56 years," reports The Pittsburgh Post Gazette. It's a
formation known as the Williston Basin , but is more commonly referred to as the
'Bakken.' It stretches from Northern Montana, through North Dakota and into
Canada . For years, U. S. oil exploration has been considered a dead end. Even
the 'Big Oil' companies gave up searching for major oil wells decades ago.
However, a recent technological breakthrough has opened up the Bakken's massive
reserves.... and we now have access to up to 500 billion barrels. And because
this is light, sweet oil, those billions of barrels will cost Americans just
$16 PER BARREL!

That's enough crude to fully fuel the American economy for 2041
years straight. And if THAT didn't throw you on the floor, then this next one
should - because it's from 2006!

U. S. Oil Discovery- Largest Reserve in the World

Stansberry Report Online - 4/20/2006

Hidden 1,000 feet beneath the surface of the Rocky Mountains lies
the largest untapped oil reserve in the world. It is more than 2 TRILLION
barrels. On August 8, 2005 President Bush mandated its extraction. In three
and a half years of high oil prices none has been extracted. With this mother
load of oil why are we still fighting over off-shore drilling?

They reported this stunning news: We have more oil inside our
borders, than all the other proven reserves on earth. Here are the official
estimates:


- 8-times as much oil as Saudi Arabia

- 18-times as much oil as Iraq

- 21-times as much oil as Kuwait

- 22-times as much oil as Iran

- 500-times as much oil as Yemen

- and it's all right here in the Western United States .
By the way...this is all true. Check it out at the link below!!!

GOOGLE it, or follow this link. It will blow your mind.

www.usgs.gov...



posted on Feb, 28 2011 @ 11:39 AM
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And despite oil continuing to go up, we will still continue to rely on other countries for it. If what is going on right now doesn't wake people up to the dangers we have put ourselves in, they probably never will.





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