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Oil Rises Above US$126 on Venezuela Concerns

   Posted by waffleman  Promoted 56 days 0 hours ago  529 views   

    Politics / US Politics  |   Comments 7 comments  | 

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Oil rose above US$126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member.


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cadpig, on 5/11/2008 9:03:07 AM
Total Posts: 1431, Joined: 1/28/2006
Damn, great time to be in oil,...I thought hugo hated america, but yet he sells to us anyway...Go figure. It's a win , win for the oil companies what ever happens there. Venezuela cuts off america..Their profits go up even further and they pretty much get a drill in alaska free card. It's nothing the treehuggers can do at that point.
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shoot, on 5/11/2008 11:01:36 AM
Total Posts: 243, Joined: 12/29/2007
i think im going to need a bike
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Lancelot123, on 5/11/2008 12:20:28 PM
Total Posts: 91, Joined: 6/13/2006
Well, this news is about right on time to magically raise the gas prices for Memorial Day yet again. How does it seem to happen every year? Its the same with Labor Day. A pattern perhaps? BAH!
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Trooper111k, on 5/11/2008 12:47:01 PM
Total Posts: 463, Joined: 3/28/2007
All those speculations on things that will never happen. Those assholes sure found a quick and easy way to make money.
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Qball1974, on 5/11/2008 1:39:02 PM
Total Posts: 788, Joined: 6/4/2007
fuck fuck fuck
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phatbastard28, on 5/11/2008 4:16:57 PM
Total Posts: 467, Joined: 1/11/2006
Seriously the US is getting raped by gas prices. I get it that Europe pays 6.00 whatever for a litre of petro.But mostly that is just getting butt raped in taxes by the almighty queen. But has the rest of the worlds prices doubled in 3 short years, I think not but I could be wrong. I dont think another countries gas prices have gone up so drastically in such a short period, doesnt really make sense.
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jackanape, on 5/11/2008 5:27:52 PM
Total Posts: 2336, Joined: 3/27/2006
@phatbastard:

Actually, the government's cut of the taxes in Britain and Canada is really low in comparison to what profits the oil companies are pulling in.
I think it's something like 12 cents on the dollar goes to taxes, while the rest goes to the oil companies.

What really worries me is that the Canadian dollar has levelled out to about even with the US dollar. What we don't realize is that the US dollar is depreciating and the Euro is going up. We're going broke here and we don't clue in.

With the way things are going, it's almost hard to think that the dollar isn't being purposely destroyed.
With the NAU, if the dollar keeps dropping and people stay as uninformed and gullible as they are now, many would buy it if it saves them from a recession.

Who cares about national identity and laws if you can't drive to work right?
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