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Oil Hit $57 A Barrel This Week Because...

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stopbush Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 12:15 PM
Original message
Poll question: Oil Hit $57 A Barrel This Week Because...
Vote below:
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peekaloo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 12:17 PM
Response to Original message
1. Other
to help push through the drilling in ANWR.

:silly:
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shawcomm Donating Member (877 posts) Send PM | Profile | Ignore Thu Mar-17-05 12:19 PM
Response to Original message
2. The market was on a downtrend recently, but now that debate on ANWR
has opened up, curiously enough, prices start shooting back up. Prices shoot up on the possibility of new supply opening up. Yeah, that makes sense.
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iconoclastNYC Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 12:20 PM
Response to Original message
3. Other: Greed. n/t
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plasticsundance Donating Member (786 posts) Send PM | Profile | Ignore Thu Mar-17-05 12:20 PM
Response to Original message
4. Other
The price of oil has been on a steady increase since last July.

"Analyzing the price of crude oil from 2001 through 2003, I noted that while crude oil's price rose 26.1% in dollar terms, its euro price was unchanged throughout this 3-year period. Thus, the jump in the crude oil price was a dollar phenomenon, and simply reflected the decline in the dollar against the euro."


http://goldmoney.com/en/commentary/2005-03-06.html
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yella_dawg Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 12:25 PM
Response to Original message
5. Other
It's because we are just soooo fucked where energy is concerned.
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McCamy Taylor Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 12:33 PM
Response to Original message
6. Tom Delay said in the wake of 9-11 that Arctic Drilling must begin
Said America could not "wait another minute". Arctic drilling is one of the key reasons why * was willing to waste so much money and so many lives on an endless war in Iraq. Keep all the Iraqi oil from flowing long enough and oil prices would keep rising and rising and eventually Ameticans would sell their mothers for cheaper gas.

Blood for oil. Should be the name of the definitive book about the * Regime.

:nuke:
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KayLaw Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 12:33 PM
Response to Original message
7. Because Bush is so wonderful!
They just said on our local news gas prices are high because our economy is booming, therefore there's a greater demand.
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Modem Butterfly Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 12:34 PM
Response to Original message
8. It's the weak dollar
If our dollar were still strong, oil wouldn't have reached $50 a barrel
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da_chimperor Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 12:37 PM
Response to Original message
9. Weak dollar + high demand + limited supply + speculation = high oil prices
So that's an other.
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onehandle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 12:39 PM
Response to Original message
10. General payback for the oil industry.
ANWR was a bonus.
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RaleighNCDUer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 12:40 PM
Response to Original message
11. I voted 'Other' because I think it was because
congress was about to vote on ANWR.
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