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George Acs

 
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  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    Sure, Apple and Oil. I may as well throw in some recognition of the Obama administration for its role in moving the economy forward.

    Of course, the comments to this article are infinitely more constructive and respectful than to this one the other day on CNBC/s site: Vladimir Putin’s worst nightmare may be happening right now http://cnb.cx/1yqFjv9

    You can definitely understand why more and more blogs, on-line journals, etc.. are eliminating the comments section. when you see some of the streams of nastiness.

    I'll take the Seeking Alpha crowd any day
    Dec 6, 2014. 06:41 PM | 1 Like Like |Link to Comment
  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    There wasn't much more for me to add.

    In earlier comments I had already said that what the Saudis say and do can be two very different things.

    No one disputed that, yet so much of the argument that their actions are based upon harming the US industry are based on their public comments.

    Their public pronouncements mean very little and can easily be made simply to be able to walk tall amongst a cartel filled with uni-dimensional midgets. The cartel is currently dysfunctional, but would be even more so if Saudi Arabia lost credibility among its member states by taking a soft position against the US. That would be counter to the interests of Saudi Arabia.

    The Saudis understand the economics and the geo-politics of all of this better than anyone and they also know that the real only friends they have are in the US.

    I also continue to believe that the real target for Saudi Arabia are Iran and Russia, possibly Iraq and Libya, as well. Saudi Arabia would also sooner see Israel develop its energy resources more than it wants to see policy dictated by the likes of Venezuela and Iran,
    Dec 6, 2014. 03:34 PM | 1 Like Like |Link to Comment
  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    That is really spectacular. That sort of thing will never get boring.
    Dec 6, 2014. 01:03 PM | 1 Like Like |Link to Comment
  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    Hard to beat the UAL trade on an average return How often did you trade that one in 2014?

    I still own the domain name WikiToProfit but still have never developed it. The idea was to do just as you are suggesting, but on a more regular basis, to garner cumulative wisdom and case studies and develop best practices fro individual investors.

    Who knows, maybe in my next retirement
    Dec 6, 2014. 12:22 PM | 1 Like Like |Link to Comment
  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    You may have noticed I uncharacteristically stayed out of that discussion but I tend to agree with @giorgiolb and @Christinebitg.

    Sometimes a cigar is not a cigar
    Dec 6, 2014. 11:38 AM | 2 Likes Like |Link to Comment
  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    As long as some nations are starving for currency there will only be cheating on production quotas and not cutbacks. The Saudis know that to be the case, so why cut OPEC production and bear the brunt while others within the cartel work to send prices even lower?

    The HF industry is clearly one of strategic interest for the US, so I don't expect that there will be anything other than a short term diminution in permits, as we figure out how to protect our nation's own interests in the face of a world that has prospered while we've been asleep at the switch
    Dec 6, 2014. 08:13 AM | Likes Like |Link to Comment
  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    No doubt that any recovery in energy and metals could make it a happy new year.

    Also no doubt that the baked goods were the holiday killers of the year. We had a bake off for Thanksgiving between my sister and my son's sister-in-law. In the long term we were all probably losers, but in a really good way for the short term.
    Dec 2, 2014. 10:39 AM | 1 Like Like |Link to Comment
  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    Thank you.

    All very well reasoned. Time will tell and we'll see just how large the time frame for this cycle will be.
    Dec 1, 2014. 09:30 AM | 1 Like Like |Link to Comment
  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    If only the words "frantastic" and "frabulous" existed,
    Dec 1, 2014. 09:29 AM | Likes Like |Link to Comment
  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    Thank you.

    Yes, marriages, too. Sometimes.

    It really is hard to resist some of these prices. What concerns me is that when almost everyone said oil was going below $75, you would have dismissed the notion, because they couldn't all be right. The crowd rarely is right.

    But on this one they are right, so far, and many now calling for $50. As much as I would like to go against the crowd, I'm a little gun shy and already overloaded.
    Still, we all know that's when the opportunities arise and the reward can be really considerable when it looks most bleak.
    Dec 1, 2014. 09:28 AM | Likes Like |Link to Comment
  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    Thanks.

    Yes, this is all incredibly complex. There are so many alliances, seen and unseen, that the decisions made or the strategies regarding production can go in so many directions.

    Ultimately, for the moment, and it can change, I believe the US and Saudis are exactly on the same page. Squeezing a US producer is not as systemically critical as squeezing a nation that is so reliant on output and price.
    Dec 1, 2014. 09:24 AM | 2 Likes Like |Link to Comment
  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    I agree.

    Saudi Arabia has played the duplicity card beautifully over the years. It would far sooner have a vibrant US shale industry than have a thriving Iran, Iraq or Russia.

    What is says for public consumption and what it does behind the scenes aren't always aligned.
    Dec 1, 2014. 09:19 AM | 1 Like Like |Link to Comment
  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    It is all part of that virtuous circle, and those basic laws of supply and demand can only be suspended for so long.
    Nov 29, 2014. 05:37 PM | Likes Like |Link to Comment
  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    Naimi said what was simply a more palatable message for OPEC nations to hear. The US is one thing they can mostly all agree upon, but the Saudis know that the US may be where the future may lie, as it once did and it needs to be better aligned with those interests than with those of Iran and Venezuela.

    What a Saudi official says in public is often a very far cry from what is reality or behind the actions. Given an opportunity to put a squeeze on any nation there shouldn't be too much doubts that the Saudis would elect to squeeze Iran and Russia, even while having their words highlight the US
    Nov 29, 2014. 05:36 PM | 4 Likes Like |Link to Comment
  • The Prisoner's Dilemma Facing OPEC And Investors [View article]
    What the Saudis say and what the mean and do have been different things ever since they have been in a position to be a player of any kind.

    There is no doubt that the Saudis would never say that they were taking steps to marginalize Iran or Russia. There wouild be consequences to overtly challenging those in a position to directly or indirectly pose a threat to much more than the flow of petro dollars to the monarchy.

    There is absolutely no downstream risk for the Saudi Arabian oil minister to say something that seems to corroborate what the world or particularly what some in the US believe is the logical reaction to increasing US production.

    The Saudis, however, are much more concerned about their immediate neighbors who have oil and can use proceeds from oil to topple the Saudi regime.
    Nov 29, 2014. 05:31 PM | 2 Likes Like |Link to Comment
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