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At least oil is down

Discussion in 'Political Discussion' started by khayos, Aug 10, 2011.

  1. khayos

    khayos Rookie

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    Only $80/barrell... might see some relief at the pump!

    Gold... holy smokes, I guess Glenn Beck was right on that one.
  2. Ilikehappyppl

    Ilikehappyppl Rookie

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    Gold is the next bubble, its going way too high.
  3. mcgraw_wv

    mcgraw_wv Rookie

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    Odd that my gas is still 3.80 a gallon...
  4. Boston Boxer

    Boston Boxer U.S. Air Force Retired PatsFans.com Supporter

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    #75 Jersey

    everyone gets excited when gas goes from $3.80 down to $3.65...when in fact gas should be about $1.35 per gallon or so. It's a big friggin rip off
    Last edited: Aug 10, 2011
  5. Titus Pullo

    Titus Pullo Banned

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    A stopped clock is correct twice a day. It didn't take a genius to see that gold was on the rise some 10 years ago, and Beck only recently picked up the gold brigade after parroting the rantings of others far more informed than him.

    Beck correctly recognizes that collapse is coming. It's just that he's completely clueless regarding the root causes -- most of which are entirely based on greed and RW initiatives in the face of dwindling natural resources. Goofy Glenn Beck insists the "myth" of global oil depletion is all a big conspiracy. The irony is priceless.
    Last edited: Aug 10, 2011
  6. Leave No Doubt

    Leave No Doubt PatsFans.com Supporter PatsFans.com Supporter

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    It hit 1800 today at one point, I just heard it dropped a bit just before close.
  7. Titus Pullo

    Titus Pullo Banned

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    As for oil being down, be very careful what you wish for. Oil is "down" for all the wrong reasons, and it's a very short-term trend, just like in 2008. The longer term trend is up, up, up, regardless of dramatic spikes and dips.

    When it dips, it dips because of crushed demand (recession). That's not a sign of abundance, it's a sign of great societal suffering.

    Google a term called "the bumpy plateau." We are currently on it.
  8. Wolfpack

    Wolfpack Banned

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    +1. You can always tell a commodity bubble is about to pop when people start investing in it for purely short term speculative reasons.

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