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Despite the recent price surge in crude oil this week, basically going from $81.50 to $87 a barrel within this week--thanks to a Fed's QE2-induced weak dollar-- oil inventories actually added another 2 million barrels build to the current stockpiles.
Swimming In Crude Oil? Record High Inventory Will Continue To Build
Seeded on Sun Nov 7, 2010 7:18 AM EST
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- Public Discussion (9)
Doesn't this just mean their pumping it out of the ground faster? It's not like there's a bottomless well.
We're going to run out sooner or later. And for the last decade of oil dependence before we run out, oil is going to get very expensive.
- 3 votes
#2 - Sun Nov 7, 2010 8:04 AM ESTIt means we wound down two illegal wars that consumed millions of barrels of oil each day.
- 3 votes
There is no logical reason for oil to go up in price, except for the excesive profits.
Oil goes up, everthing goes up. When will people wake up to see the damage, and AGENDA of big oil, and its supporters? NOAA/EDF/Pew Charities/Oceana, and the multitudes of oil money recipients.
- 3 votes
When the Hedge Funds take delivery...which they don't want to do....the price will go up.
- 3 votes
I gotta say, here we are "AGAIN" same boat different "captain"!! Time for an emergence of a "Lee" and "Grant" only this this time the target are the SLAVE MAKERS IN DC!!!! It's go to happen....
- 2 votes
Most people won't show up for a "Civil War part 2" if there's something good on TV.
If Washington had to count on a civilian militia today, he'd be hanged for treason.
- 2 votes
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