Butterfly effect and how it will effect you

Conspirator
User avatar
Posts: 2946
Joined: Mon Mar 15, 2010 7:23 pm
Location: The beach

PostMon Apr 18, 2011 7:56 pm » by Torofamily


Butterfly effect

Saudis Slash Oil Output; Say Market Oversupplied
Source: CNBC

Saudi Arabia's oil minister said on Sunday the kingdom had slashed output by 800,000 barrels per day in March due to oversupply, sending the strongest signal yet that OPEC will not act to quell soaring prices.

Consumers have urged the exporters' group to pump more crude to put a cap on oil, which surged to more than $127 a barrel this month, its highest level in 2 1/2 years amid unrest in North Africa and the Middle East.

Oil Ministers from Kuwait and the United Arab Emirates echoed Saudi Arabia's Ali al-Naimi's concerns about oversupply and said rocketing crude prices were out of the hands of OPEC, which next meets in June.

Read Full Article http://www.cnbc.com/id/42637280
ImageWE ARE THE GLOBAL POLITICAL AWAKENING ! Image

Conspirator
User avatar
Posts: 4007
Joined: Wed Feb 16, 2011 9:03 pm

PostMon Apr 18, 2011 8:04 pm » by Rydher


I was just going to post this in a thread of mine about the S&P downgrading the US credit outlook. Are they connected somehow? Only time will tell.

Good post.

Conspirator
User avatar
Posts: 2946
Joined: Mon Mar 15, 2010 7:23 pm
Location: The beach

PostMon Apr 18, 2011 8:07 pm » by Torofamily


rydher wrote:I was just going to post this in a thread of mine about the S&P downgrading the US credit outlook. Are they connected somehow? Only time will tell.

Good post.





I like you :flop: your one of the good guys :cheers:
ImageWE ARE THE GLOBAL POLITICAL AWAKENING ! Image

Conspirator
User avatar
Posts: 4007
Joined: Wed Feb 16, 2011 9:03 pm

PostMon Apr 18, 2011 8:14 pm » by Rydher


More and more pressure on the already overwhelmed economy. It can be propped up with funny money for only so long. With oil and gas going up, it increases the cost of almost every good we consume. It's already effecting the alcohol business. If a customers order is below $750, they are adding on an extra $5 fuel surcharge to your invoice. This goes into effect May 1.

I can also tell you with 100% certainty that the cost is passed onto the consumer.



  • Related topics
    Replies
    Views
    Last post
Visit Disclose.tv on Facebook