Oil at $170 | Clipmarks


	Oil at $170

baydawg

7-4-2009 2:46 PM

70 views

tags:

oil

baydawg says:

I hope not

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7e2ef131-7d52-4970-8c7b-f610dd60ee79/C96FC8ED-960A-465D-B605-EDC29C817461/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.moneyandmarkets.com/opec-brace-for-170-oil-this-summer-25302" href="http://www.moneyandmarkets.com/opec-brace-for-170-oil-this-summer-25302" style="font-size: 11px;">www.moneyandmarkets.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.moneyandmarkets.com/opec-brace-for-170-oil-this-summer-25302">OPEC: Brace For $170 Oil This Summer!</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.moneyandmarkets.com/opec-brace-for-170-oil-this-summer-25302">Just a few days ago, OPEC President Chakib Khelil told a French television station the awful truth that U.S. consumers don’t want to hear. “I foresee prices probably between $150 and $170 this summer,” Khelil said.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.moneyandmarkets.com/opec-brace-for-170-oil-this-summer-25302"><P><FONT face="Verdana, Arial, Helvetica, sans-serif">last year, our “good friends” in the Middle East — Saudi Arabia, United Arab Emirates, Iran, Kuwait, Iraq and Qatar — curbed their output by 544,000 barrels a day. At the same time, their domestic demand increased by 318,000 barrels a day, so their net exports dropped by 862,000 barrels. </FONT></p> <P><FONT face="Verdana, Arial, Helvetica, sans-serif">It’s a simple supply/demand squeeze. So are prices going higher? Heck, yeah! How high can they go? </FONT></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.moneyandmarkets.com/opec-brace-for-170-oil-this-summer-25302"><FONT face="Verdana, Arial, Helvetica, sans-serif"><STRONG><EM>The Saudis couldn’t solve this <BR /></EM></STRONG></FONT><FONT face="Verdana, Arial, Helvetica, sans-serif"><STRONG><EM>crisis if they wanted to … <BR />and they do NOT want to!</EM></STRONG></FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.moneyandmarkets.com/opec-brace-for-170-oil-this-summer-25302"><STRONG>The higher oil prices climb, </STRONG><BR /><STRONG><EM>the more America imports!</EM></STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.moneyandmarkets.com/opec-brace-for-170-oil-this-summer-25302"><STRONG>Massive new oil demand from emerging <BR />markets</STRONG> <STRONG>is now eclipsing U.S. demand!</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.moneyandmarkets.com/opec-brace-for-170-oil-this-summer-25302"><STRONG><EM>Production is cratering in not one, but</EM></STRONG><BR /><STRONG><EM>TWO</EM> major oil-exporting countries!</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.moneyandmarkets.com/opec-brace-for-170-oil-this-summer-25302">hurricane season</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C96FC8ED-960A-465D-B605-EDC29C817461/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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