Philip Davis

Options Trader: Monday Outlook

As indicated in the link, I'm going by usually reliable Briefing.com list but Kskee is right, nothing confirming on SIRI web site and last earnings weren't until 2/26 so May 27 does make sense.

Oil Inventories On the Rise: Where's the Shortage?

Whiner, you are correct (or possibly correct because there are no accurate records) - as I said above, those "supplies" include oil and gas (and, in XOM's case chemicals), I just converted the whole lot into barrels as it's less complicated to wrap our heads around.

Tom, you can be aware of a trap, you can understand the trap, you can know how you got into a trap but that doesn't mean you can get out...

Cross, after this busy weekend I can just sit back and see if the markets bear me out. We've already made our plays so good luck to all on their positions!

Amaranth: Tip of the Iceberg

Ram,

There are crawlers that grab blogs quickly after they are published and the main site (philstocks.blogspot.co.../) posts, usually, before 9:30 am.

Amaranth: Tip of the Iceberg

Click on the word "this" in the article - the pipes aren't designed to carry it - extremely hazardous...

Oil Price Manipulation: Taking from the Poor to Give to the Rich

en.wikipedia.org/wiki/...

Oil Price Manipulation: Taking from the Poor to Give to the Rich

OK, I see we are getting caught up on math which was just an example...

Here's an even easier way to look at it.

When gas was $1.55 per gallon, XOM made a 13% profit - so every gallon you purchased included a .20 profit for XOM - this is an audited fact!

Now gas is $2.50 a gallon (forgetting the past 6 months) and XOM is making an 18% profit. That means you are now giving XOM (or whoever) .45 for each gallon you purchase.

Just like with any utility (most of which are sensibly regulated), your demand is inflexible so they can charge any rate of profit they wish. You can say the money went here or this expense or that expense or tax or terror or speculators or any BS you wish to use but the absolute mathematical fact is that Exxon is making 38% more profits while you are paying 66% more for energy.

They could have maintained their margins or even let them drift up a few points but instead, they found you mugged and beaten on the street and they stopped to bend over and go through you wallet to get your last couple of bucks. Yeah God bless 'em, they're just patriotic Americans trying to scrape by as best they can...