What will happen if oil goes over $200 a barrel and dollar tanks to zero?

[CostaMesa]

We currently control the largest current supply in the Middle East (Iraq) and they owe us for our costs of their freedom. I ask you who is eventually in control of the oil economies of the world?

Um, WHAT? Where do you come up with this stuff?

“Iraq claims to have the world’s fourth largest reserves of oil at approximately 115 billion barrels (18.3×109 m3), although it would rank third if Canadian reserves of non-conventional oil were excluded.”

Also seems pretty obvious that most Iraqis aren’t real thrilled about the folks occupying their country these days, unless one chooses not to confront the reality that surrounds all Americans. I challenge anyone to produce a single man-on-the-street Iraqi that feels like they’re FREE right now. It ain’t gonna happen.

Whatever. Next caller, please.

[patb]

Oil price rise and dollar fall are correlated.

Now if Oil goes to $200/BBL and dollar falls another 40%

suburbia implodes

[patb]

Oil price rise and dollar fall are correlated.

Now if Oil goes to $200/BBL and dollar falls another 40%

suburbia implodes

[patb]

Oil price rise and dollar fall are correlated.

Now if Oil goes to $200/BBL and dollar falls another 40%

suburbia implodes

[patb]

Oil price rise and dollar fall are correlated.

Now if Oil goes to $200/BBL and dollar falls another 40%

suburbia implodes

[patb]

Oil price rise and dollar fall are correlated.

Now if Oil goes to $200/BBL and dollar falls another 40%

suburbia implodes

[capeman]

“Um, WHAT? Where do you come up with this stuff?”

Oops… sorry I missed Saudi as the first and Iraq as second largest reserves in the ME. It’s not much of a miss and anyone who thinks we didn’t go over there for the oil needs to have their heads checked. We obviously didn’t go for the WMDs or terrorist cells dude! Doesn’t matter what the Iraqi’s think about American’s. We never cared what they thought in the first place and now they have a large IOU to the US. They’ll have to pay up one way or another.

Oil shale became neutral cost recovery when crude prices passed $60-70 per barrel.

[capeman]

“Um, WHAT? Where do you come up with this stuff?”

Oops… sorry I missed Saudi as the first and Iraq as second largest reserves in the ME. It’s not much of a miss and anyone who thinks we didn’t go over there for the oil needs to have their heads checked. We obviously didn’t go for the WMDs or terrorist cells dude! Doesn’t matter what the Iraqi’s think about American’s. We never cared what they thought in the first place and now they have a large IOU to the US. They’ll have to pay up one way or another.

Oil shale became neutral cost recovery when crude prices passed $60-70 per barrel.

[capeman]

“Um, WHAT? Where do you come up with this stuff?”

Oops… sorry I missed Saudi as the first and Iraq as second largest reserves in the ME. It’s not much of a miss and anyone who thinks we didn’t go over there for the oil needs to have their heads checked. We obviously didn’t go for the WMDs or terrorist cells dude! Doesn’t matter what the Iraqi’s think about American’s. We never cared what they thought in the first place and now they have a large IOU to the US. They’ll have to pay up one way or another.

Oil shale became neutral cost recovery when crude prices passed $60-70 per barrel.

[capeman]

“Um, WHAT? Where do you come up with this stuff?”

Oops… sorry I missed Saudi as the first and Iraq as second largest reserves in the ME. It’s not much of a miss and anyone who thinks we didn’t go over there for the oil needs to have their heads checked. We obviously didn’t go for the WMDs or terrorist cells dude! Doesn’t matter what the Iraqi’s think about American’s. We never cared what they thought in the first place and now they have a large IOU to the US. They’ll have to pay up one way or another.

Oil shale became neutral cost recovery when crude prices passed $60-70 per barrel.

[capeman]

“Um, WHAT? Where do you come up with this stuff?”

Oops… sorry I missed Saudi as the first and Iraq as second largest reserves in the ME. It’s not much of a miss and anyone who thinks we didn’t go over there for the oil needs to have their heads checked. We obviously didn’t go for the WMDs or terrorist cells dude! Doesn’t matter what the Iraqi’s think about American’s. We never cared what they thought in the first place and now they have a large IOU to the US. They’ll have to pay up one way or another.

Oil shale became neutral cost recovery when crude prices passed $60-70 per barrel.

[greekfire]

In my humble opinion, the more decentralized we are, be it in energy, economics, or government rule, the better off we will generally be. Self-sufficiency is a term that is completely foreign to our society these days. Those who consider an off-grid, or semi off-grid lifestyle are labeled as hermits and kooks. Just think what it would be like if people could provide all, or at least a portion of, their own energy via solar panels, or grew some of their own food.

[greekfire]

In my humble opinion, the more decentralized we are, be it in energy, economics, or government rule, the better off we will generally be. Self-sufficiency is a term that is completely foreign to our society these days. Those who consider an off-grid, or semi off-grid lifestyle are labeled as hermits and kooks. Just think what it would be like if people could provide all, or at least a portion of, their own energy via solar panels, or grew some of their own food.

[greekfire]

In my humble opinion, the more decentralized we are, be it in energy, economics, or government rule, the better off we will generally be. Self-sufficiency is a term that is completely foreign to our society these days. Those who consider an off-grid, or semi off-grid lifestyle are labeled as hermits and kooks. Just think what it would be like if people could provide all, or at least a portion of, their own energy via solar panels, or grew some of their own food.

[greekfire]

In my humble opinion, the more decentralized we are, be it in energy, economics, or government rule, the better off we will generally be. Self-sufficiency is a term that is completely foreign to our society these days. Those who consider an off-grid, or semi off-grid lifestyle are labeled as hermits and kooks. Just think what it would be like if people could provide all, or at least a portion of, their own energy via solar panels, or grew some of their own food.

[Author]

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