The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label $100 oil. Show all posts
Showing posts with label $100 oil. Show all posts

Friday, September 14, 2012

Crude oil scoffs at Fed as it zooms past $100 per barrel

The major issue with central banks is that they are extremely myopic to the real economy.  They live in an ivory tower of data, and charts, stocks, and Wall Street, and have little comprehension regarding the lives of the 99%.

So when Bernanke finally chose the path of least resistance, and fired up the printing presses on Sept. 13, it did not take long for crude oil to zoom part $100 per barrel, and push gas prices in many areas over $4 per gallon.

Crude futures soaring by nearly 2% overnight to over $100 is what all those evil, evil speculators at work looks like. That, or the Federal Reserve's "all in" bubble reflation policy perhaps. No, it has to be the speculators: the margin hiker-in-chief said so. And for those who are surprised by Crude's move into triple digit territory, which in turn will send gas prices to the highest they have ever been for this time of year just in time for the election, wait until the reality of $150 oil is priced in, which as we explained yesterday, is the matched price for a $4 trillion Fed balance sheet. - Zerohedge

$100 is not new, but it appears to be only the beginning.  With the Federal Reserves new monetary policy of bond buying and monetization being open ended, expect the price of crude oil, which is valued in U.S. dollars, to continue to rise.

Those in the ivory tower known as the Federal Reserve have little concept of what inflation really means to those in 99% who must experience ever increasing prices in food, energy, rent, and items that don't fit into their paradigm of 'assets'.

Tuesday, February 21, 2012

California welcomes America to $5 gas prices

A customer of today posted a gasoline price in the state of California that to date, appears to be the first location in the continential United States to have prices over $5 a gallon.

$5.04 - Regular Grade

Bo-Gas    6 Wharf Rd & Brighton Avenue in Bolinas, California

Billy3369 - 4 hours ago - California Gas Prices, Gas

With oil prices up another $1.43 today, and having crossed $105.00 per barrel over the weekend, chances are very good prices will rise nationwide towards the $5 mark as events escalate both in the Middle East, and in the central banks increasing money printing.

Wednesday, November 16, 2011

Oil waves at $100 as it passes on towards $102 a barrel

Although last night may have been 'all quiet on the Western front', oil has moved under the cover of night to shoot past $100 a barrel to hold steady at $101.59 on Wednesday morning.  Added to this, the dollar has gained .20 to regain the 78 level on the dollar index.

Gold and other commodities have fallen today on dollar strength, but one has to be very surprised at oil's move, especially when a report yesterday stated that the US had ample supply for November.

Crude-oil supplies unexpectedly climbed by 1.3 million barrels for the week ended Nov. 11, the American Petroleum Institute reported late Tuesday. - Marketwatch

One has to guess that oil may be in play if it is moving with the dollar, and against gold and other commodities.  The same can be said for Brent Crude, which has shot up several dollars in recent days as well.