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Oil. Not Fannie, Peak oil, Interest or Loans are to blame for the crisis

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wvbygod Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:09 PM
Original message
Oil. Not Fannie, Peak oil, Interest or Loans are to blame for the crisis
Oil keeps the world flowing. Jack the price up like they did and you have what we got.

The answer is to get off oil and have enough until then. Everything else is politics.
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Skink Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:10 PM
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1. 150 dollar a barell oil equals liquidity crisis.
That's what I thought.
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:11 PM
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2. You can't sell Peak Oil here. That's conspiracy theorist, lunatic
Edited on Mon Oct-06-08 03:13 PM by Texas Explorer
nutcase fodder. People simply refuse to acknowledge that oil is the engine of civilization; that oil is a finite resource; that it's production is in decline. Most people actually think oil will last forever and should always be cheap. Bless their hearts.

*This doesn't apply to fellow Peakists.
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TexasObserver Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:12 PM
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3. No, it isn't. Oil was $40 a barrel higher months ago.
It's not the oil, it's the DEBT.

As a nation, we owe more than we have income to pay, and that air filled economy is falling as the air escapes.
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Democrats_win Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:14 PM
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4. It's the crookedness "stupid." (sorry). If it weren't for crookedness we'd be ok.
Yes, oil made things rough just as it did in the 70s. But this time the crookedness of wall street took us down. Remember, speculators had a role in the oil price hike. The current fall in prices strongly proves this.
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Strelnikov_ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:32 PM
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5. And the recent price decrease simply puts us back on the trendline
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:52 PM
Response to Reply #5
6. spot $83 & dropping as we speak.
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