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Old 06-06-08, 01:07 PM   #1
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" the Jewish state "will attack" Iran "

Just what we need right now The Real Deal Holy War....


"Israel said an attack on Iranian nuclear sites is unavoidable, and according to Flynn, geopolitical tensions in the region also pushed the price of oil higher."


All over energy huh? May as well get Armageddon over with so these religious people will be satisfied and can free themselves from the rest of us so we can finally make forward progress.







"NEW YORK (CNNMoney.com) -- Oil prices surged for the second straight day, cresting a previous trading high, on a dollar decline that stemmed from a weak jobs report, geopolitical tensions and a forecast of $150-a-barrel oil.

At 1:20 p.m. ET, the July light crude contract was up $8.81 to $136.60 a barrel on the New York Mercantile Exchange, surpassing the $135.09-a-barrel trading record set May 22.

"The bulls are running rampant and the bears have panicked," said oil industry analyst Stephen Schork, editor of the Schork Report. "It's pure hysteria, absolute panic," he added.

Trading of heating oil futures was briefly suspend earlier Friday morning after the contract reached a "circuit breaker limit."

The euro rallied to $1.5659 from $1.5593 late Thursday, after the Labor Department reported that the unemployment rate rose to 5.5% in May from 5% in April, the biggest monthly jump in more than two decades. The economy lost 49,000 jobs in May, marking the fifth straight month of job losses.

The dollar rose to ¥105.96 from ¥105.64 late Thursday.

When the greenback softens, the price of crude oil increases, prompting investors to look to commodities as a hedge against inflation.

In addition, crude oil is traded globally in U.S. dollars. The less valuable the dollar, the more expensive crude oil becomes.

Also contributing to the surge: Morgan Stanley (MS, Fortune 500) analyst Ole Slorer released a report saying that he expected a "short-term spike in oil prices," as high as $150 a barrel by July 4.

Comments from Israeli Transportation Minister, Shaul Mofaz, also pushed oil prices Friday.

Mofaz told an Israeli newspaper that the Jewish state "will attack" Iran if it doesn't halt its efforts to develop nuclear weaponry.

ECB puts pressure on the dollar
The dollar began its slide Thursday after European Central Bank president Jean-Claude Trichet said the bank might raise interest rates, which would strengthening the value of the euro. If the euro gains, oil becomes cheaper, European investors buy more oil, raising the price of oil in U.S. dollars, according to Phil Flynn, senior market analyst at Alaron Trading.

The "European Central Bank pulled the rug out from under us," said Flynn.

Trichet's comments came the day after Federal Reserve Chairman Ben Bernanke said he wanted to try to support the dollar to bring energy prices into check. "The two central banks are out of step with each other," he said.

Global demand, especially for gas and distillates in emerging markets, supported the record build in crude prices.

However, the governments of a number of countries, such as India and Malaysia, have started lifting their government fuel subsidies, prompting gas prices to rise in those nations.

Israel said an attack on Iranian nuclear sites is unavoidable, and according to Flynn, geopolitical tensions in the region also pushed the price of oil higher.

Retail gas prices
Gas prices have risen to record levels in the past year on the back of record oil prices. The price of crude has more than doubled in the past year.

AAA reported Friday that the national average price for a gallon of regular unleaded gasoline fell to $3.986, down 0.3 cent from the previous day's record high of $3.989. Prices at the pump had hit records for 28 of the past 29 days before Friday.

Consumers should expect gas prices to stay at high levels, adding as much as a nickel or a dime in the next couple of weeks, if oil prices continue to march higher, said Flynn.

The AAA survey shows gas prices are up more than 10% from a month ago and more than 27% higher from year-ago levels.

A government supply report released Wednesday said that gasoline demand slackened over the week including Memorial Day, showing that consumers have cut back on their driving in the face of record high gas prices.

The average price for gas has passed the $4 a gallon mark in 12 states, as well as in Washington, D.C. Those states where gas has already passed the $4 include Alaska, California, Connecticut, Hawaii, Illinois, Michigan, Nevada, New York, Oregon, Rhode Island, Washington, and West Virginia.

The most expensive state for buying gas is California, where a gallon of regular unleaded costs an average of $4.398 according to AAA. The second most expensive state is Alaska, where a gallon of gas costs $4.299.

The least expensive state for purchasing gas is South Carolina, where a gallon costs $3.787 a gallon on average. The second least expensive state for gas is Missouri, where a gallon runs $3.788 a gallon.

First Published: June 6, 2008: 7:07 AM EDT"


Oil prices on a 2-day surge that tests the record - Jun. 6, 2008
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Old 06-06-08, 01:09 PM   #2
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Are you saying "the Jewish state 'will attack' Iran", or "the Jewish state" will attack "Iran"?
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Old 06-06-08, 01:48 PM   #3
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So the Israeli Transportation Minister is making their war plans? Watch out, world...


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Old 06-06-08, 01:51 PM   #4
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So the Israeli Transportation Minister is making their war plans? Watch out, world...
I know all hell is about to break
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Old 06-06-08, 01:54 PM   #5
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The Jewish state. Is that New York, or Florida?



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Old 06-06-08, 01:55 PM   #6
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Jewish state. Is that New York, or Florida?

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Old 06-06-08, 02:43 PM   #7
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At least someone (Israel) still has the balls to deal with the nutjobs. Besides, if someone told me they would "wipe (me) Israel off the map", I might be inclined to strike first.


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Old 06-06-08, 02:44 PM   #8
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At least someone (Israel) still has the balls to deal with the nutjobs. Besides, if someone told me they would "wipe (me) Israel off the map", I might be inclined to strike first.
But would you have your chief bus driver announce it to the world?


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Old 06-06-08, 03:16 PM   #9
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But would you have your chief bus driver announce it to the world?
Maybe he's the one hauling around the urainium...


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Old 06-06-08, 03:48 PM   #10
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Are you saying "the Jewish state 'will attack' Iran", or "the Jewish state" will attack "Iran"?
The" Jewish state will "att"ack I"r"an.


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Old 06-06-08, 03:49 PM   #11
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Gotta love those "my imaginary playmate is better than/can beat up your imaginary playmate" wars.


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Old 06-06-08, 05:46 PM   #12
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Quote:
Originally Posted by LukeO View Post
Just what we need right now The Real Deal Holy War....


"Israel said an attack on Iranian nuclear sites is unavoidable, and according to Flynn, geopolitical tensions in the region also pushed the price of oil higher."


All over energy huh? May as well get Armageddon over with so these religious people will be satisfied and can free themselves from the rest of us so we can finally make forward progress.







"NEW YORK (CNNMoney.com) -- Oil prices surged for the second straight day, cresting a previous trading high, on a dollar decline that stemmed from a weak jobs report, geopolitical tensions and a forecast of $150-a-barrel oil.

At 1:20 p.m. ET, the July light crude contract was up $8.81 to $136.60 a barrel on the New York Mercantile Exchange, surpassing the $135.09-a-barrel trading record set May 22.

"The bulls are running rampant and the bears have panicked," said oil industry analyst Stephen Schork, editor of the Schork Report. "It's pure hysteria, absolute panic," he added.

Trading of heating oil futures was briefly suspend earlier Friday morning after the contract reached a "circuit breaker limit."

]
There are no wars about oil ,its all about democracy.
There are no wars about oil ,its all about democracy.
There are no wars about oil ,its all about democracy.
There are no wars about oil ,its all about democracy.
There are no wars about oil ,its all about democracy.
There are no wars about oil ,its all about democracy.
There are no wars about oil ,its all about democracy.



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Old 06-06-08, 06:17 PM   #13
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Apparently Luke does not recognize an underdog politician's cry for attention:

"A former defence minister and armed forces chief of staff, Mofaz hopes to replace embattled Ehud Olmert as prime minister and at the helm of the Kadima party. "


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Old 06-06-08, 06:21 PM   #14
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Did he mention if they would televise the war.


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Old 06-06-08, 06:25 PM   #15
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Did he mention if they would televise the war.
Mud tv
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Old 06-06-08, 06:51 PM   #16
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Did he mention if they would televise the war.
...but not the revolution.


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Old 06-06-08, 09:14 PM   #17
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...but not the revolution.
The revolution will not be televised? Not even on pay-per-view?


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NO NO NO!
Jman is wrong. I bet a beer that he's wrong.


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Old 06-06-08, 09:23 PM   #18
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The revolution will not be televised? Not even on pay-per-view?
They were gonna, but they thought the Kimbo fight would draw in more viewers.
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Old 06-06-08, 09:28 PM   #19
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But would you have your chief bus driver announce it to the world?
I always thought Kramden sounded Jewish.


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Old 06-06-08, 09:58 PM   #20
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Old 06-06-08, 10:15 PM   #21
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The Jewish state. Is that New York, or Florida?

Why Yes


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Old 06-07-08, 08:02 AM   #22
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Apparently Luke does not recognize an underdog politician's cry for attention:

"A former defence minister and armed forces chief of staff, Mofaz hopes to replace embattled Ehud Olmert as prime minister and at the helm of the Kadima party. "


I hear you.

I failed to research the underdog as it was rather challenging reading and typing with one hand while holding Willow (one of our almost 11 month old quads) simultaneously. However I did find it entertaing on the news yesterday hearing all of the hype about oil with a mix from Israel wanting to kick Iran's ass again, as usual; while the main focus remained energy challenges.
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Old 07-01-08, 12:07 AM   #23
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I too believe that "the Jewish state(whateverTF that means...just call the 'state' 'Israel.' They earned it...) will attack Iran" in the near future.

Let's translate it for the masses:

Israel will attack Iran before Bush leaves office.

Large Israeli military exercise last month and a juicy news story about covert US ops and such today kinda firms it up.


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Old 07-01-08, 02:37 AM   #24
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I too believe that "the Jewish state(whateverTF that means...just call the 'state' 'Israel.' They earned it...) will attack Iran" in the near future.

Let's translate it for the masses:

Israel will attack Iran before Bush leaves office.

Large Israeli military exercise last month and a juicy news story about covert US ops and such today kinda firms it up.
Oh Yeah,they got some guy called Curveball who knows everything going on in Iran

$200 a barrel ,here we come


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Old 07-01-08, 06:25 AM   #25
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