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PeakOil is You

PeakOil is You

Oil back at $100, no more SPR release, Euro money printing

Discussions about the economic and financial ramifications of PEAK OIL

Re: Oil back at $100, no more SPR release, Euro money printi

Unread postby Sys1 » Sat 23 Jul 2011, 08:11:36

$this->bbcode_second_pass_quote('', 'S')o now we have 1% x 10% x 10% x 5% = 0.0005% chance to succeed.


Volontary, yes. But put in the balance the laws of nature and we have 99,9995% to end with permaculture, population control and power down. :razz:
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Re: Oil back at $100, no more SPR release, Euro money printi

Unread postby EnergyUnlimited » Sat 23 Jul 2011, 08:31:52

$this->bbcode_second_pass_quote('Sys1', '')$this->bbcode_second_pass_quote('', 'S')o now we have 1% x 10% x 10% x 5% = 0.0005% chance to succeed.


Volontary, yes. But put in the balance the laws of nature and we have 99,9995% to end with permaculture, population control and power down. :razz:

:-D :-D :-D
Of course, that is grossly the case albeit most of land will end up totally devastated and no longer suitable for permaculture, population control will come courtesy of war and contagious disease and there will be powerdown by default right back to XVII century, all that in optimistic scenario.
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Re: Oil back at $100, no more SPR release, Euro money printi

Unread postby babystrangeloop » Tue 09 Aug 2011, 07:28:39

Just keep on repeating "SPR RELEASE IS OVER" as it goes on and on.

It's important to keep on making up slogans about things since they are easier to remember than any facts.

First they will tell you bailouts are over and then they just call bailouts "quantitative easing" so you don't notice.

Next they will tell you there's no more SPR release going on.

$this->bbcode_second_pass_quote('', '[')b]Prices at the Pump Brake as Economic Uncertainty Swirls
cmcbreakingnews.com / August 6, 2011

... In its weekly report, the U.S. Energy Information Administration (EIA) data (at first glance) showed crude stocks dropped 3.6 million barrels, however 4.5 million barrels of that came from the government’s release of Strategic Petroleum Reserve (SPR) oil and commercial inventories actually added 1 million barrels to 355 million barrels. The Department of Energy (DOE) has released an additional 5 million barrels of emergency crude from the SPR, bringing the total release so far to 6.77 million barrels (lower than the scheduled 8.74 million barrels scheduled for last two weeks in July). The DOE is expected to release the remaining 21.9 million of the total 30.64 million barrels from the SPR in August. Gasoline stocks rose 1.7 million barrels to 215.2 million barrels. ...
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Re: Oil back at $100, no more SPR release, Euro money printi

Unread postby americandream » Tue 09 Aug 2011, 07:47:14

There will be no voluntary powerdown. The only way this show is going to end is with a lot of crying. Unless we invent free energy and infinite reserves of resources.
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Re: Oil back at $100, no more SPR release, Euro money printi

Unread postby babystrangeloop » Tue 09 Aug 2011, 21:16:51

$this->bbcode_second_pass_quote('pstarr', 'T')here is pretty much universal consensus on this thread (and others) that the SPR release was a political/financial gambit meant to buttress QEII

I think it was done to appease China. China complained terribly about the inflationary havock that QE2 wreaked. There's a good chance the US popped the commodity bubble as best they could with a co-ordinated downgrading and SPR release.
$this->bbcode_second_pass_quote('', '[')b]China inflation in mild, controllable range: NDRC official
Editor: yan / Xinhua / August 9, 2011

BEIJING, Aug. 9 (Xinhua) -- China's consumer prices are currently within a mild and controllable range after measures to fight inflation have demonstrated some initial effect, a senior government official said Tuesday.

... He expects food prices will remain high in the second half of this year, but the overall price level will fall due to the quick fading of carry-over effects since August.

However, he warned of a big possibility that the United State will introduce a third round of quantitative easing policy to repay debt and boost economic growth, which may push up prices of international commodities and increase pressure of imported inflation. ...

China knows who has their finger on the QE3 button.
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