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Sector Update: Energy Shares Climb as Crude Futures Surge to Top $98 a Barrel

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ProdigalJunkMail Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 01:07 PM
Original message
Sector Update: Energy Shares Climb as Crude Futures Surge to Top $98 a Barrel
Guess the release (or rumored-release) from the oil reserve didn't cause the crash people were expecting...

http://community.nasdaq.com/News/2011-07/sector-update-energy-shares-climb-as-crude-futures-surge-to-top-98-a-barrel.aspx?storyid=84348

sP
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CleanGreenFuture Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 01:09 PM
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1. So much for that little SPR release (I agree, "or rumored release").
The cheap oil is all gone.
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 01:10 PM
Response to Original message
2. It was a blip. We have basically one months supply in the SPR and it needs to be refilled.
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ProdigalJunkMail Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 01:15 PM
Response to Reply #2
3. the downward day on the markets right when it was announced
was nothing more than a coincidence and those articles talking about the 'genius' of the move were laughable. IF the release even happened it was ONE DAMN DAY worth of oil (maybe 1.5). One day of OUR use...not even the whole world's use.

blip is the right word...

sP
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Hutzpa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 01:18 PM
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4. Not for long
what this does is to expose the last loophole that is being used by the hedge funds marauders.

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msongs Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 01:25 PM
Response to Original message
5. speculators riving up the prices...nt
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Newest Reality Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 01:37 PM
Response to Original message
6. Having to support the
Investor Class is a burden we didn't expect. I mean, corporations are on thing, but we have so many recipients up their in the abstract clouds of manipulative, abstract financial ascendancy. Talk about covert welfare and scams. Our wealth and our power focused in their hands and they have large portion of us convinced that the facade that holds it together and keeps us in our place is enough to justify our support of their ambitions.

I wonder if they think of us when they spend our money? Oh well, hundreds of millions isn't much these days. No sacrifice is too good for them.

Now, everybody back to work so that we can make sure this system function just well enough to keep our riders on top of us and filled to the brim with lucre. We exist merely to assure the have everything they want and more.

I didn't say need? They don't know what NEED is. It is our place to be the needy.

Serfs work for their Lords. Go fill your tank, (if you can) and don't complain. The system WORKS this way, now. Nothing you can do will change it. Well, nothing that the system allows you to do right now, that is
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SugarShack Donating Member (979 posts) Send PM | Profile | Ignore Thu Jul-07-11 02:05 PM
Response to Original message
7. So much for giving China an Iraq well,did they discount our debt for this?we broke and must fix it
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