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Snapper
 
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Last Login: 2 days ago @ 6:22:13 AM
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I just don't get it. I know the speculators are gaming on the futures but damn, I just don't get the price going up this much in one day! KNOCK IT THE HELL OFF ALLREADY!!!!!!!!!!!!!!!!!!!
______________________________________Grady White 20 Overnighter 225 Ocean Pro named: Head Turner
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Trigger
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If things dont start to change soon they will have to start adding a row boat division in some of the major tournaments.
=================================================PFF Softball Coach aka Ryan 14 ft Edgewater B-BLUE 245 Four Winns GILLS GONE WILD
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Grouper
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Ruby Red Lip
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Last Login: 9/23/2008 12:09:50 PM
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Cuz (9/22/2008)
I just don't get it. I know the speculators are gaming on the futures but damn, I just don't get the price going up this much in one day! KNOCK IT THE HELL OFF ALLREADY!!!!!!!!!!!!!!!!!!!
I agree with you. The problem is that the commodity traders are running up the price of oil, while depressing the prices of precious and base metals.
In the early 80's when oil hit a high of $35.00, gold hit a high of $850 an ounce. Today, gold is only about $890 oz, it should be three times that price given today's oil price, but it's not.
www.ncoal.com
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Trigger
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Last Login: 11/30/2008 10:35:45 AM
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What did you guys think would happen when the Dumbocrats effectively killed drilling in the Gulf?
Life is too short to skip fishing.
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Ruby Red Lip
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kingfish501 (9/22/2008)
What did you guys think would happen when the Dumbocrats effectively killed drilling in the Gulf?
It's not the Democrats doing this, it's the commodity traders manipulating the price of oil.
www.ncoal.com
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Sailfish
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| Actually the cause for the Oil per barell cost increasing is due to a gas shortage brought on by the Two Hurricanes we just had. Numerous Oil Rigs offshore and MANY Gulf Coast refineries were damaged, and are no longer able to meet full expectations. We had 7 outages pushed till 09 (30 million worth)this morning because the Govt. will not allow the Refineries to bring actual Operating units off line for re-work and maintenance. So REALLY if you looked at from a different point of view. The Evil Evil Government actually did you a favor today by not allowing 7 more operating units to come off line, which would have easily pushed the cost "per barell" up over $160 Just my .02 cents, feel free to fire away
------------------------------------------------------------------------------- 2101 Century Bay / 150 Yamaha - Team "Reel Gooder" Inshore 2700 Triton / Twin 225 Mercury Optimax - Team "Over the Edge" Offshore Emerald Coast Custom Rods
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Pin Fish
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Last Login: 12/1/2008 5:18:21 PM
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| I would think that people are worrying about the dollar losing value after this 700 bil bailout and are trying to hedge thier investments.
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