Kofi Bofah

Wall Street Is Short Barack Obama

You are referencing a poem I wrote comparing Money to a Woman.

For the Love of Money:

onyxinvestments.blogsp...

www.associatedcontent....

Cool...
On Mar 06 01:19 PM raytayzmd wrote:

> ..."...recent Business Week poll of anonymous voters indicates that
> 42% of respondents blame Obama for mismanagement of the economy."...uhhh,
> the guy's been in office hardly a month and they're doing polls on
> how his management?...let's see, if I put you in a rowboat and dropped
> you in the middle of a tsunami, how well do you think you would do?..."The
> Wall Street voting bloc is alarmed by the prospect of higher taxes..."...that's
> where you should have stopped...if all those expenditures you mentioned
> served to enrich Wall Streeters at the expense of Main Street, no
> doubt their roar of approval would be deafening...and WTF is this
> from your website:
>
> "...Do you pine for me - the way I pine for you? Please. Please,
> say Yes...
> No.
> You are a ho.
> I hear the stories - but I don't believe them. Nope. Not my Green
> Eyes. Not, Miss Precious. How could my sweet, delicate flower do
> this to me? How could she treat me..."
>
> ...ooooookaaay -- I hope you'll pardon me if I don't seek your investment
> advice.

U.S. Oil Supply: Drilling Down to the Facts

Fitzman:

A big reason for the decline in production were the profit sharing agreements that allowed the national oil companies to acquire larger portions of the production at higher prices. And yes, Nigerian rebels took a large percentage of Nigerian oil off-line by blowing up pipelines.

Remember, a large field has been discovered off the coast of Brazil.

Also, Thunder Horse in the Gulf of Mexico is well on the way to be exploited - increasing U.S. production.


On Dec 17 08:55 AM The FItzman wrote:

> your article insinuates that america is not in an oil crisis. yet,
> here are the scary facts presented in a different perspective::

>
>
> 1) in spite of $145/barrel oil, year over year production at the
> three biggest US oil producers was down (XOM, CVX, COP)
>
> 2) the oil market is a global market. the US imports 65-70% of its
> oil, and the direct benefactors are russia, saudi, iran, iraq, venezuela.

>
>
> 3) the world is entering an era where worldwide oil supply will not
> keep pace with worldwide oil demand. any country therefore that is
> strategically dependent on importing 70% of its oil is therefore
> not only exposed, but is has an unsustainable economic strategy.

>
>
> 4) the extreme debt run up in the last 8 years will pressure the
> US dollar further as exhibited by yesterday's nearly 2% drop in the
> US dollar index. since oil is priced in US dollars (at least for
> now), a continued weak dollar merely exascerbates the problem.

>
>
> 5) the current low prices for oil and gasoline are a direct result
> of failed bush and republican economic policy: deregulation of the
> financial markets, idiotic energy policy, and deeply flawed tax and
> spend policy (i.e. tax breaks for the ultra-wealthy and huge fiscal
> deficits at the expense of the middle class). current low oil prices
> are NOT the result of huge new supply, but rather due to a drastic
> reduction in oil demand caused in part by the $145/barrel price of
> oil earlier in the year.
>
> to paint a rosy picture from these facts is not only unwise and unpatriotic,
> it's downright dangerous. from an economic perspective US reliance
> on foreign sources for 70% of its oil (and growing) is simply unsustainable
> and will lead the US into the economic abyss (are we already there??)
> if not corrected.

U.S. Oil Supply: Drilling Down to the Facts

Sorry for the confusion.

There is a difference between crude oil and finished petroleum products (gasoline/ jet fuel / asphalt).

Crude oil + finish petroleum product imports = 13.5 Mmbd in 2007.

Crude oil = 10 MMbd in 2007.

Here is the chart from the Department of Energy:
tonto.eia.doe.gov/dnav...

The math is correct. Those top 15 nations are responsible for over 93% of strictly crude oil supply.

I am sorry for the confusion.

And yes, the U.S. does import roughly 60% of crude oil + finished petroleum products used. But out of that 60% - a very large fraction is supplied from regimes friendly to the U.S.

On Dec 17 01:11 PM Kofi Bofah wrote:

> Let me go in and check my math - and post up the table that I got
> the info from. I put a hyperlink somewhere in the article.
>
> I got the stats straight from the Department of Energy.

U.S. Oil Supply: Drilling Down to the Facts

Let me go in and check my math - and post up the table that I got the info from. I put a hyperlink somewhere in the article.

I got the stats straight from the Department of Energy.


On Dec 17 11:02 AM Bob Belsito wrote:

> I could not follow the math. Help me out here.The author states that
> we
>
> import 13.5MMbd and then lists 15 nations from whom we import

>
>
> 9.3BBpd and says that represents over 90% of our imports when

>
> in actuality is is closer to 69%??????
>
> What am I missing here. It also appears that his article suggests

>
> that we import about 60% of oil used. Is that correct?

Critical Memo to Obama: Do Something

It is easy to go on the attack against Big Oil.

Ironically, most of the U.S. oil supply comes from regimes that are friendly to the U.S.

42% of petroleum supply is domestic.
18.2% Canada
11.4% Mexico

Out of our top fifteen suppliers, Venezuela at 10% is really the only regime that talks tough against the U.S. And even that is strictly rhetoric (Do you really think that Venezuela will aggressively antagonize its top customer for heavy crude?)

S.A. is funny to me.
1: Some people do not know what they are talking about.
2: Everybody thinks they know what they are talking about.
3: Some people think they know what they talk about - but never offer up one shred of fact - only bluster.
4: If you have played the finance game long enough - you know that when a claim is made and everybody agrees with you, that you are actually in big trouble, my friend.
5: I am certain that somebody will quote this reply and that I will be mocked mercilessly within 10 minutes!

Critical Memo to Obama: Do Something

Sorry, I am not a member of the G.O.P.

Look up every bit of information that you can on the T.A.R.P.

You will observe heated wrangling between Pelosi, Paulson, and W over the final $350 Billion.

Who is missing?

Why is the market taking any directives from Paulson and W, when they will be shown the door shortly?

As for my 'lay on the sword' comment - I was alluding to the Secretary of State appointment. The Secretary of State typically takes the fall (EX: Colin Powell).

I do not envision Bill and Hillary (Billary) taking the fall for Barack in response to any gaffe (Everybody makes mistakes). I don't know how I feel about that.

Ironically, Joe Biden would have been perfect for the post.

Critical Memo to Obama: Do Something

Funny. I am being accused of voting for W.

Never.

Gore / Kerry / Obama = my Presidential Voting record.

(I am only 28).

Critical Memo to Obama: Do Something

I actually voted for Obama, people. I have been Down from Day 1 from his days as a state senator (I am in Chicago).

I did not jump on the bandwagon when he became 'cool.' I support the majority of his policies - but nobody should be put on a pedestal.

The new team has subtly refused to work with outgoing Treasury officials in regards to the basic framework of the TARP.

Also, in today's WSJ on the front page of the Marketplace Section - Toyota is shutting down plans to manufacture the Prius at Tupelo, Ms.

That about sums it up for now...

Does Anyone Care About Alternative Energy Anymore?

Interesting article in today's Wall Street Journal. Front page of marketplace. Page B1 I think.

Toyota is shutting down plans to build the Prius at its Tupelo, MS plant amidst slumping sales.

Have a nice day.

Does Anyone Care About Alternative Energy Anymore?

Well - can somebody tell me where the money is going to come from?

What is going to be cut from the budget package?

How much money do you believe should be printed?

How many more billions of dollars more in tax credits should be applied?

Is this realistic?

And are we on S.A. for investment ideas or to play politics?

If you are on S.A. seeking investment ideas, compare B.P. a super major that has embraced alt. energy with Exxon an oil company that has scoffed at the idea.

Let me know what you find on that one.

Does Anyone Care About Alternative Energy Anymore?

Let's make a deal:

We will revisit this issue at $150 oil, or when the U.S. isn't buried beneath a $483 billion budget deficit and a credit market / financial sector that has been completely shut down.

Sound good?

Cool.

JPMorgan Chase: Poisoned by Bear's 5,000 Counterparties

Ha Ha @ Hoover!


On Dec 14 09:14 AM Herbert Hoover wrote:

> The Ponzi scheme begins to unwind. Coming next: Bernie Madoff to
> head the Federal Reserve Bank

Does Anyone Care About Alternative Energy Anymore?

Tough crowd in here as always. I know that alternative energy is a feel-good popular story. But I think that supporters of this sector will be disappointed. A lot of promises were made on the campaign trail that will be impossible to execute. I do not think that alternative energy is a priority in the U.S. right now. The movement may very well gain steam in years to come - just not at this moment.

Google's Downfall: Search Engine Optimization

We are going to start a movement with this whole Neopet thing.

U.S. Bleeding Jobs; Wall Street Doesn't Seem to Mind

The article has double entendre.

Yes, The Street has ignored the problem and markets eventually collapsed upon themselves.

However At this low point - the information may have already been discounted. Hence, the reason behind the two-day rally. The report detailed information that had already been apparent.