Tony Daltorio

The Global Oil Scam: 50 Times Bigger than Madoff

I can't believe a piece-of-crap article like this about some ostrich's (with his head in the sand) fantasies is an editor's pick?

And I do mean fantasies - not facts...for instance, spare OPEC capacity is located in one country - Saudi Arabia only, and their spare capacity is at most 2 million barrels and that's if you believe their numbers.

Hey Philip, if you interested in manipulations that occur every day involving Goldman and the boyz and involving tens of trillions of dollars over the years, look no further than the US stock market! The commodities markets are no more than a 'hobby' for them.

Don't Believe Long-Term Oil Forecasts

Two things - one item is, who cares about the US statistics you quote, statistics from the emerging world are far more important.

Second - you're right about the manipulation, but it's on the downside by Wall Street. Wall Street makes much of their money from people like you buying stocks, and they do not want people seeing commodities are a solid long-term investment and moving their money there.


On Nov 09 08:32 AM John Eickholt wrote:

> Oil has been manipulated for years with the Hype of weather, China
> and India. Just like today the weather Hurricane Ida that has been
> downgraded.
> Some facts from last weeks Gov. inventory report.
>
> Distillate fuel demand has averaged 3.6 million barrels per day over
> the
> last
> four weeks, down by 14.8 percent from the same period last year.
> Jet fuel
> demand is 3.1 percent lower over the last four weeks compared to
> the same
> four-week period last year.
>
> www.eia.doe.gov/pub/oi...
>
>
> Distillate fuel move our goods and services. This is down 14.8% from
> last year. Even with this news they want to trade up prices for Greed.
>
> A story from Fadel Gheits about oil prices.
>
> Fadel Gheits is the one guy that CNBC won't bring on.
>
> seekingalpha.com/artic......
>
> FG: Two things. Oil prices have not been driven by supply and demand
>
> fundamentals for years. This was exacerbated by the incredible influx
> of
> money from financial players into the commodity markets over the
> last five
> years and especially oil, which basically created the oil bubble
> that we had
> last year. Supply and demand fundamentals are beginning to play a
> secondary
> role now in oil prices. Financial players have much more clout and
> basically
> manipulate-influence, if not manipulate-oil prices; that is very
> clear.
> That's why we have the investigation by the CFTC and all the hearings.
> I am
> not holding my breath to see any changes because the politically
> motivated
> individuals and the incredible lobbying by financial institutions
> make it
> very, very difficult to regulate or enforce regulations in the books
> to stem
> that incredible increase in financial institution influence on the
> commodity
> prices.
>
> I hope these oil traders will have to drink the oil for their New
> Years EVE drink.

Don't Believe Long-Term Oil Forecasts

The only reason that oil was $32 a barrel was the blatant manipulation of the NYMEX contract by Wall Street.

That is why Saudi Arabia is dumping using the NYMEX contract and opting for contracts that are less manipulated by the Wall Street banksters.


On Nov 09 03:05 AM bigbear4511 wrote:

> Oil was $32 dollars a barrel in February due to the market crash.
> It is highly possible we will experience another crash in the not
> so distant future. the next crash could easily be worse than this
> one. No one thought we would see 50$ a barrel ever again and we went
> way below that. The next big crash could be in CHina. Who will pull
> this economy out of hole when that happens.

Don't Believe Long-Term Oil Forecasts

What nonsense - typical for an American investor who never looks beyond their own borders.

Much of the emerging world has not and is not going through the financial suicide the US is with credit. And that is where most of the future demand for oil will come from.


On Nov 08 02:11 PM Jasper M wrote:

> "No reasonable person expects the world to return to those prices
> any time soon."
>
> The oldest rhetoric trick in the book - call those who disagree with
> you unreasonable, without any substantial argument to support it.
>
>
> Credit inflations tend to reverse Very quickly, which destroys money
> supply, faster than central banks can replace it. That drives down
> prices - FAST - as there is simply less purchasing power around.
>
> And we have been through the grandest credit inflation in very nearly
> 300 years. Maybe ever.

Extraordinary Popular Delusions and the Madness of Crowds

But you are ignoring that when those bubbles collapsed, the monetary system was based on gold. Not based on a fiat currency like the dollar. Never in history, has a fiat currency gone up in value (deflation) over a long period of time. This time will be no exception.


On Oct 14 02:49 PM Jasper M wrote:

> While Mackay's book is indeed a timely title to conjure with, I would
> remind the author that the collapse of every one of the manias he
> lists was DEflationary - mass removal of credit, and therefor money
> supply, from the system, by market forces, usually in Spite of the
> wishes of those claiming to manage such things.

Golden Rule: Easy Oil Production Means Cheap Oil, Difficult Production Means Expensive Oil

Great article! But when are Americans going to wake up and realize that the age of cheap oil is over forever??

Crude Oil Demand and the Quick Recovery Hoax

You are making the same mistake that many investors - you are fluffing off the growth in energy demand from the emerging world. It is that growth which is key to the future price oil, not energy demand in the US.

Why You Should Stick With the Dollar and the U.S.

If anyone wants to see why the US is going down a sinkhole, never to rise again to a position of strength just read this commenter. And most Americans think like him.


On May 24 09:16 PM IronMeteor wrote:

> With all due respect
>
> In the words of Peter Shiff, "We are not the engine, We are the caboose,
> and we are being cut loose."
>
> Peter Schiif is an idiot. That is the dumbest comment ever. Have
> you ever been to Europe, Japan, China, South-East Asia. I have been
> to all them. We are the engine, the cabose and the whole damn train
> to those export driven regions. I dare them to cut us loose. I will
> laugh as our manufacturing ramps back up and they die on the vine.
>
>
> Come on, lets stop this fantasyland crap. China owns 2T in US assets
> because they sold us 2T dollars worth of junk the last 10 yrs. Who
> is going to buy 2T in the next ten. Their own citizens. Give me a
> break. Go visit China. They are poor and save every nickel. How about
> BMW, they going to sell all those expensive cars to China. Right.
>
>
> Come on, the reason the world economy has tanked is the US consumer
> has tanked. They accounted for 60% of the growth from 2000-2008.
> Who is going to take that slack up. Its sure easy to run surpluses
> when you have a credit debt bubble in the US and debt addicted consumers
> buying it all. But now what, those US consumers are down and out
> (it's true) but so are all those export driven areas. I want to see
> Japan and Germany be so smug when we aren't buying their stuff. Those
> surpluses will be deficits (they now are, amazing). Who would you
> rather be, a recovering drug addict or the drug dealer who has no
> more customers.
>
> We suck, we were drug addicts. But they suck even worse, they were
> the dealers.
>
> Please, stop the insanity. Its hurting my ears.
>
> Go ahead and listen to Peter Schiff, I guess losing 1/2 your money
> last year wasn't enough. You want to lose it all.
>
>
>
>