heidler1
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Mon Jan-16-06 02:50 PM
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In the 90s oil prices were depressed. Was/is * 's war concocted to raise |
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price of crude? With the added bonus of Katrina's destructive force the oil Companies are in fat city. Now that the oil prices have came down from the extreme highs is the saber rattling in Iran cooked up to reinvigorate the gains? Do Iran and Saudi Arabia approve of the game?
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f-bush
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Mon Jan-16-06 02:57 PM
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demigoddess
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Mon Jan-16-06 03:06 PM
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2. wouldn't doubt it.rule of thumb: in war oil prices always go up |
rman
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Mon Jan-16-06 03:15 PM
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3. "oil prices have came down from the extreme highs" - hardly |
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oil price went from $20 in the 90s to a ~$74 extreme recently, has since dropped to ~$58 and risen again to the current $64.
so oil prices have "come down" from about 3.5 times the 90s price to 3 times the 90s price, and are rising as we speak.
Of course the price increase and war in an oil rich region of the world has nothing whatsoever to do with the fact tat most large oil fields are past production peak.
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DU
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Wed May 08th 2024, 08:36 PM
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