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EScroogeJr (< 20)



So there is no bubble, huh?

June 23, 2008 – Comments (15)

Panel Cites Surge in Speculative Oil Trades By Stephen Power and Ian Talley Word Count: 782

WASHINGTON -- Speculative traders' interest in crude oil has grown to the point that they now account for roughly 70% of all trading in West Texas Intermediate crude on the New York Mercantile Exchange, compared with 37% in 2000, according to an investigation by a congressional subcommittee that forms part of an escalating political assault on Wall Street's role in the run-up in oil prices.  [more]



Dear oil minister

June 22, 2008 – Comments (6)

Please don't do this nonsense. Do the right thing instead. Cut production from 9.7 mln barrels to 9 billion barrels. It's better to sell 9 million barrels for $200 each than to sell 10 billion barrels for $100 each. Help our economy arrive to the Recessionville, it's almost there, but it won't reach the destination without your help. The babyboomers' assets are lying there crying to be purchased for 30 cents on the dollar.   [more]



What a day

June 20, 2008 – Comments (2)

Just one word: wow!








Saudis decide to play Chamberlain

June 14, 2008 – Comments (14)

The Saudis act like a timid gangster who pulls out a knife only to have second thoughts and put it back. This never works on the streets of Chicago, and it won't work in the US-Saudi ralationship either.   [more]



Wow! What an election campaign!

June 14, 2008 – Comments (3)

Sure it won't happen during his lifetime. It doesn't sound too reassuring for his cause,  given the fact that the 84-year-old Mugabe has already lived way past his actuarial life expectancy.   [more]

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