Quote:
Originally Posted by fast4522
Thebart
Thank you for posting a very easy to beat post, the middle east oil first OK.
Everything has to be looked at retaliative to supply. Exactly why the uptick in price we can speculate to later, because I think the why's are not exposed yet.
Market share is very important to the middle east because of how many years of reserves they have in the ground. They tipped their hand last year and as it turns out that they have over 100 years of oil pumping at their highest volume. At a higher price they have less moneys pouring in than oil going out. The very real danger of the higher price is the profit threshold we have with fracking product and stateside output. The ugly truth is we now have enough oil and gas reserves to be energy interdependent. Look at current oil and gas prices as as a more temporary trend. Your situation in Connecticut is dire, and things do not look like there is any way for improvement in Connecticut's economy, not all the States have the quicksand economy Connecticut has. Now others here on this BBS are all over the country and can speak of individual State economy's. Now I will reference Rudolph William Louis Giuliani and say that the man is genuine and just because he is aligned with the President and was part of his inner circle during the campaign for the White House should have you cautioned because he is one of the fine legal minds protecting him as the main insulator against you never Trump folks. Hint' this is not going to end well for your comrades. And Connecticut is going to get even worse when the Casino in Everett Mass opens.
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The amount of oil in ANWR alone is staggering. And we haven't even sunk a bit in the ground there yet. And oil off the rest of our coast is immense also.
