Arabs Aiming At $70 A Barrel (Iraq, middle east, economy, money)

[KevK]

Apparently the Arabs are feeling the heat and have called a meeting between producers and consumers and the Saudis have said they are aiming at $70 a barrel. Hopefully prices will start back down now.

[harborlady]

kevK i think you needed to start another thread, dude. can you edit still?

[GregW]

Robbery and rape are not the same crime. PS it still costs the Saudi’s less than $5 per barrel to pump the stuff. Nice margin.

[Lindsey_Mcfarren]

I get raped everytime I go to put gas in my truck. I drive an Expedition, yes she is a gas guzzler but I love her all the same. She has been through the ups and downs of the last several years like no lover could.

However, the times that I had the money all at once to fill her up are but a distant memory.

I think this price for gas is some sort of karmic justice for America getting embroiled in Iraq.

[GregW]

I would say econo-car-mic.

[NewToCA]

They probably read my posting last week and thought it was time to address it:

//www.city-data.com/forum/4026166-post24.html

[big daryle]

Originally Posted by KevK

Apparently the Arabs are feeling the heat and have called a meeting between producers and consumers and the Saudis have said they are aiming at $70 a barrel. Hopefully prices will start back down now.

i hope they do, but why would why they want to now? they have our economy on the verge of collapse, which i presume is what they want.

[NewToCA]

Here is another prediction, the price will drop to the $70-$75 range per barrel, and gold will drop significantly too.


//www.city-data.com/forum/3880016-post3.html


http://www.eia.doe.gov/oiaf/aeo/pdf/overview.pdf

[Yeledaf]

Originally Posted by big daryle

i hope they do, but why would why they want to now? they have our economy on the verge of collapse, which i presume is what they want.

"On the verge of collapse"? You're paying too much attention to the media, my friend. The United States economy is much more resourceful than it is being given credit for. People have made some stupid decisions, and they are having a learning experience.

Have you ever visited the middle east? You should go there sometime.
America is a paradise by comparison.

[sean98125]

Originally Posted by big daryle

i hope they do, but why would why they want to now?

http://www.thewashingtonnote.com/archives/bush%20abdullah%20twn.jpg (broken link)