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Oil prices rising a week after SPR release and US troop deaths in Iraq at (3 year high)
    #14697181 -

Question is will it continue to rise and why is is still rising??

NEW YORK (CNNMoney) -- Oil prices have surged in the last few days and are now less than a dollar from where they were when President Obama made the controversial decision to tap the nation's strategic reserve last Thursday.

On Thursday, West Texas Intermediate crude edged lower to $94.27 a barrel. But that's still nearly $5 higher than last week, when prices fell over 4% following the oil release announcement.

Oil's stubborn refusal to trend lower since the United States and other industrialized nations announced they would flood the oil market with 60 million barrels of fuel over the next 30 days is raising questions over what's driving the market -- fundamentals or pure speculation?

Falling dollar: The more conventional theory is that oil's rise is related to the fundamentals -- or, at least, the falling dollar.

The dollar has fallen relative to the euro in the last two days as Greece looks less likely to default on its debt.
http://money.cnn.com/2011/06/30/markets/oil_prices/index.htm?hpt=hp_t2


And in Iraq I really think the progress is starting to show. We are still doing
great over there and its pretty much all good in the hood :lol:

U.S. general: Security situation in Iraq 'remains complex

The service members died in a rocket attack near the Iranian border in southern Iraq. A U.S. official told CNN that the attack has every indication of being conducted by an Iranian-backed Shiite militia.

U.S. military blames Shiite militia in Iraq for killing of 5 soldiers

An increase in attacks in recent months against American troops has been blamed on Shiite militias.

Cleric thanks followers for pledging to attack U.S. in Iraq

Iraq is weighing whether to request that some of the 47,000 troops in Iraq stay beyond the January 1, 2012, deadline :facepalm:.
http://www.cnn.com/2011/WORLD/meast/06/30/iraq.service.members.killed/index.html?hpt=hp_t2

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Re: Oil prices rising a week after SPR release and US troop deaths in Iraq at (3 year high) [Re: DeadHearts]
    #14697217 -

I think what you're saying is we should all vote for :ronpaul: ?

Seriously though I don't see anything noteworthy here...oil prices rise and fall, and so do attacks on occupying soldiers.
I'm not hating, just asking what point are you trying to make?  Honest question.

edit: Oil prices rise or fall due to demand, speculation, and speculation and demand. Although our (US) role as international policeman (oil thief) does not benefit the public so much as it benefits oil companies.

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Re: Oil prices rising a week after SPR release and US troop deaths in Iraq at (3 year high) [Re: unam sanctum]
    #14697233 -

unam sanctum said:
I think what you're saying is we should all vote for :ronpaul: ?

Seriously though I don't see anything noteworthy here...oil prices rise and fall, and so do attacks on occupying soldiers.
I'm not hating, just asking what point are you trying to make?  Honest question.

edit: Oil prices rise or fall due to demand, speculation, and speculation and demand. Although our (US) role as international policeman (oil thief) does not benefit the public so much as it benefits oil companies.



Sure oil prices rise and fall but they are not supposed to rise so quick
after Obama "made the controversial decision to tap the nation's strategic reserve last Thursday."

And I posted the Iraq bullshit because of this......

"Iraq is weighing whether to request that some of the 47,000 troops in Iraq stay beyond the January 1, 2012, deadline"


Smoke an mirrors boys and girls.

We will say one thing and do another.

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Re: Oil prices rising a week after SPR release and US troop deaths in Iraq at (3 year high) [Re: DeadHearts]
    #14697253 -

Things dont always happen as the president 'supposes' them to happen.

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Re: Oil prices rising a week after SPR release and US troop deaths in Iraq at (3 year high) [Re: DieCommie]
    #14697259 -

DieCommie said:
Things dont always happen as the president 'supposes' them to happen.



Mehh. Why dont you chime in on the other thread eh??

Support your claims son.

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