Philip Davis

Oil: Feed the Machine, America - You Have No Choice!

Cheesecake for sure!

In fact we're waiting for an entry on CAKE but, next time you're in town I'll join you for a slice at the Brooklyn Diner!

- Phil

Oil: Feed the Machine, America - You Have No Choice!

Thanks Saul - and no, I'm not replying to you so don't worry!

I have lots of respect for political leaders but not all politicians are leaders. You put me in a bad spot because I just promised Raciner I would be nice so I'm not going to talk about Bush other than to say that you have to be a "Blue-stater" to understand how dumbfounded we are that he IS our President (AGAIN!). Having gone through the Nixon years, I can respect the office but not the man - had he stepped down first, Spiro Agnew would have been labeled POTUS while under indictment... At some point you have to have the right not to blindly wave the flag at anyone who jumps into the chair! (see no Bush bashing!).

Do Americans hate Iranians becuse of their table manners or is it because of their chosen representative? When there is little cultural integration, people tend to judge a people on what they know about their leaders. Did American citizens change from being admired (or at least tolerated) in the 80s and 90s to reviled as a people in the 2000s becuase we forgot to brush our teeth or becuse we allowed our country to be taken down a path that has garnered the resentment of half the planet?

"All that is necessary, for evil to triumph is for good men to do nothing." And that's a quote, I'm not saying Bush is evil per se, but I'm sure many a toxic regime has risen as intellectuals such as yourself debated the merits of respecting the process as that process inexorably ground them into dust!

For the love of "Moshe, Jesus, Muhammad and Cheesecake" I do have to say something when my own country's policies seem to eschew "turn the other cheek" and "love thy neighbor" in favor of some the most warlike passages of the Koran:

"Slay them wherever you find them...Idolatry is worse than carnage...Fight against them until idolatry is no more and God's religion reigns supreme." (Surah 2:190-)

"Fighting is obligatory for you, much as you dislike it." (Surah 2:216)

"Seek out your enemies relentlessly." (Surah 4:103-)

"...make war on the leaders of unbelief...Make war on them: God will chastise them at your hands and humble them. He will grant you victory over them..." (Surah 9:12-)

"Prophet make war on the unbelievers and the hypocrites and deal rigorously with them. Hell shall be their home." (Surah 9:73)

I shall not stand by and do nothing while acts are being commited in my name that I object to. It is the duty of the citizens of a democracy to stand and fight for what they believe in. The pendulum is swinging back fast, the left side of this country is energized in a way I haven't seen since the 70s and a change is coming - I would suggest you plan your long-term investments accordingly!

www.crooksandliars.com.../

Have a good weekend,

- Phil

Oil: Feed the Machine, America - You Have No Choice!

Say are you the same Greg Pinelli who also attacked Eddy Elfenbein when he pointed out crude was falling on 1/5 with this comment:

Greg Pinelli wrote on Fri Jan 5th @ 9:13 pm
"Is this kind of comment or analysis supposed to be helpful? All of us have things to do..if weather is your best shot then stop clogging this site...First, this is OLD news...then, it hardly gives us a basis for analyzing the future...."

Or maybe it was you who criticized Dan Cary that day when he said the energy markets were turning bearish (as crude was dropping towards $55) and some guy with your name said:

Greg Pinelli wrote on Fri Jan 5th @ 10:33 pm
"When I hear things such as the "fundamentals are bearish" it's hard to imagine the speaker understands what bearish..or fundamentals mean. There has been a very temporary blue sky period for oil supply...a period of perfect weather, subdued geopolitical threat, and few wanting to focus on the very poor oil/gas supply fundamentals..Those real "fundamentals" speak to reserves being used 3 times faster than discoveries are made...and a group of suppliers ready, willing and able to stiff their contractual partners or disrupt chains of supply for an indefinite period."

Or perhaps you're the Greg Pinelli who Criticized David Taylor (3 times!) on Dec 14th when he said crude prices may still fall (then at $64):

Greg Pinelli wrote on Thu Dec 14th @ 3:45 pm
"11 milion barrels a month is...give or take...about 3% of monthly imports ...hardly a "marked" decline given that Nov-March is not exactly the peak driving season. There are other strong drivers of the oil (oil equivalent) price besides US demand. Those days are forever over...as is $40 oil. "Punters" who think that price is a coming attraction had better get ready to look at some very ugly losses.
The last couple of months will be looked at by Spring as having been a quiet, eye of the storm period where the unsuspecting and over optimistic were lulled into putting their investment heads on the block. Oil will be well over $70 by April...and if there are ANY geopolitical surprises look for $85."

You were motivated enough to follow that one up a week later with:

Greg Pinelli wrote on Wed Dec 20th @ 10:01 pm
"Well Andrew...It's Dec 20th and still no defence of your column...a poorly analyzed piece of fluff so your picture..I think..might hit some investment blog..somewhere...Plea... Alpha Readers...don't follow this nonsense...you WILL lose money hand over Andrew...."

Perhaps it was you that said of Kur Wulff's 1/17 analysis of Gazprom where you said:

Greg Pinelli wrote on Wed Jan 17th @ 11:07 pm
"This is precisely the kind of irresponsible and shoddy recommendation that needs to be challenged..Why would you invest in Gazprom when you could invest in any number of honest companies in market respectful countries that one day Russia will be begging to help them develop the assets they have grossly mismanaged or ignored???"

While I admire your attempts to put your fingers (and toes it seems) into as many holes in the dyke as possible, the end of that story is the boy drowned when all the surplus oil flooded the market and he was dragged under by the weight of his own positions.

======================...

Raciner - as to Bush bashing, I really have tried to be nice to him since he blew the last elections and ended a decade of Republican rule while scoring lower approval rating than Nixon... but then he goes and does something like this and I just get so annoyed!

Anyway, I apologize and I will try not to be mean to Bush for the next 23 months, especially as he just pulled a coup and took over the government while we weren't looking:

pressesc.com/011698108...

Oil: Feed the Machine, America - You Have No Choice!

Thanks! That's a good one, I did forget taxes...