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Varchild2008 (84.39)

Ready for a Stock Market Crash?

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February 21, 2011 – Comments (6)

Mideast Unrest has just shot Oil Prices up nearly $7.30.   About $7.23 at last check that I did on Yahoo Finance. 

That places oil above $92.00 a barrel when it was around $86...all in 1 day.

When You Have:

A)  President Obama's refusal by Permitorium to allow Offshore Drilling....

B)  Liberal Enviro-nuts refusing to allow us to drill ON SHORE in places like Anwaar Alaska...

C)  Enviro-Nuts screaming in rage right now over Oil drilling on the Marcellus....

Then you have a formula for absolute disaster.

We depend on mid-east oil and now the entire oil spigot is shut down due to unrest in LIBYA and other OPEC countries.

Face it folks.....The Rally to over 12,000 was nice while it lasted but it appears BEN BERNANKE will have to ask TIMOTHY the T to buy more Printing Presses to keep any stock prices a-float right now.

Everything that is produced in our nation is dependent on Natural Gas and therefore everything in the stock market, pretty much regardless....actually not pretty much...it is regardless....

It is all subject for mass SELL orders and PANIC driven selling and of course the "SHORTS" like George Soros will ride the panic all the way to the bank cause those people bet on America's downfall.

6 Comments – Post Your Own

#1) On February 21, 2011 at 9:35 PM, devoish (98.78) wrote:

Yeah.

Its either liberal enviro-nuts who want to protect water and air supplies or free market whackos who stand in the way of good Government decisions to support renewable energy..

Your liberal enviro-nut,

moi.

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#2) On February 21, 2011 at 11:06 PM, checklist34 (99.80) wrote:

liberal enviro-nuts are without a doubt a threat to the world on a fairly remarkable scale. 

and the cause of global warming.  it was them, after all, that railed and screamed against nuclear power (we make more co2 generated electricity than driving) back in the day.

 

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#3) On February 22, 2011 at 1:28 AM, awallejr (82.46) wrote:

Yup here is the excuse for a needed correction, NOT a crash.  Libya is at best 2% world oil production.  Hardly a major threat to overall supply. But the market always needs an excuse.  Get that dry powder ready because here is your chance.

Viva Liberty.

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#4) On February 22, 2011 at 1:52 AM, Valyooo (99.82) wrote:

You may be right, but the last time that oil jumped big this month, the market jumped higher too.  I remember reading "S&P up on higher oil prices" and thinking "wtf?"

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#5) On February 22, 2011 at 1:54 PM, TDRH (99.85) wrote:

They need to let them drill.   Map out what is required, make the oil companies/drillers pay for the enforcment of the rules and put them back to work.   Idle capital will find work elsewhere in the world and will be slow coming back.

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#6) On February 22, 2011 at 3:37 PM, FreeMarkets (99.25) wrote:

I have to take umbrage to the first comment.  If this country didn't artificially support low oil prices through supporting Middle Eastern dictators and Kings's, then an alternative fuel source would have been found many years ago.  It is the exact OPPOSITE, the free markets have not been allowed to operate, that has created a dependency on oil.  I think environmentalists confuse "free markets" with "corporate cronyism".

And yes, #2 comment was a good retort as well.  Using the gov't to force the end of clean nuclear power which could be recharging all our cars by now.

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