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  • Saudi Oil Pricing Paradigm Shift: WTI Index Out, ASCI Index In [View article]
    Does anyone bother to look at current consumption of oil by the United States?

    25% of total crude consumption daily at 86.14/mlb/d is about 21mlb/d.

    Our (U.S.) current consumption of oil is between 13-14 mbl/d. That equates to approx.14-16% of world oil consumption.

    Even in 2008 average consumption of oil was about 14-15 mbl/d.
    Nov 11 11:09 am |Rating: +4 -1 |Link to Comment
  • Heard the One About the Baker Institute and Oil Speculators? [View article]
    Your analysis is very interesting, and explains why you believe that the other analysis is flawed. You have done an adequate job of explaining why speculation is not responsible for the roller coaster ride in oil prices.

    Please inform your readers as to what you believe the reason for the oil price rollercoaster.

    With oil inventories at 25 year highs and the world economy in recession, resulting in lower energy use; what would be the reason for the high (historically) price of crude oil?

    It is pretty obvious that supply and demand is not affecting the price of oil.
    Aug 30 09:03 am |Rating: +11 -7 |Link to Comment
  • Peak Oil for Dummies [View article]
    HELP........The SKY is Falling, The SKY is Falling!!!!!
    Aug 09 10:32 am |Rating: +10 -27 |Link to Comment
  • Is the Global Economy Recovering? Transport Stocks Say No  [View article]
    I agree with you, the best leading economic indicator is transportation, There will be no recovery until we see the Transportation industry recover.

    All of the "good news" and "green shoots" are wishful thinking. This is not rocket science.

    The economy will rebound when transportation companies start working and making quarterly profits on a sustained basis. We are in a bear market rally, and this will last as long as investors and speculators have this "pie-in- the-sky " attitude.

    Buyer Beware......
    Aug 03 11:28 am |Rating: +2 0 |Link to Comment
  • Not All Inflation Is Created Equal [View article]
    What if the woodsman decides to only collect 12 bundles of wood, when he could collect much more because there is more wood in the forest and the forest floor has more dead wood than they need.

    If the other two pirates have no access to the forest and only the woodsman does, doesn't he control the price of the wood?

    This seems to be the current state of supply and demand in the energy market. There is more supply than is needed, but the price of energy is still rising. (ie oil prices)
    Jul 29 09:56 am |Rating: +1 0 |Link to Comment
  • U.S. Truck Tonnage Isn't Driving the Economy Out of This Recession  [View article]
    Transportation tonnage will only increase if there are more products being shipped. Transportation does not drive the economy, it is only an indicator as to the growth...or lack of growth in the economy.

    The transportation index is a precursor to an increase in economic activity, (ex) ocean freight will rise before domestic transportation will rise. It is a leading economic indicator of the direction of the general economy.

    Until the transportation index rise is confirmed, there will be little growth in the overall economy.
    Jul 29 09:34 am |Rating: +2 0 |Link to Comment
  • More Bullishness for Oil Heading into 2010 [View article]
    Current production is 1-2 million barrels per day more than demand. It will take longer than you think to work off the extra crude. All of the "green shoots are turning out to be weeds.

    The current rise in crude is the result of speculation that the world economy will turn around next year.

    I think you are overly optimistic in your prediction.
    Jul 18 11:48 am |Rating: +2 -1 |Link to Comment
  • Commodities, Cap and Trade and Natural Gas [View article]
    In order to support the "cap & trade" one first must be on board that there is really man made global warming.

    Just because politicians say the debate is over about human caused global warming, does not mean that there is man made global warming

    Many reputable scientists in the debate have been silenced, and if they dispute the existence of global warming they are labeled "heretics" and would lose there government funding and with it their careers.

    We have made great progress in cleaning up the environment since the 1970's, and will continue to make progress as technology and the economy allows.

    If we continue down this road of Chicken Little and "The Sky is Falling" mentality, the world economy as we know it will be a distant memory..
    Jul 09 10:59 am |Rating: +6 -2 |Link to Comment
  • Petrobras Anticipates Rapid Growth from Offshore Brazil Discoveries  [View article]
    While I also believe that Brazil is the next "Saudi" find, Petrobras is a Brazilian Government entity. If profits are too high (according to the government) the excess profits will be drained off.

    Where will that leave the shareholders of this equity??

    Be sure to own it on the way up during the momentum push, but don't be around when the Government wants their share.
    Jun 03 13:53 pm |Rating: +1 0 |Link to Comment
  • Why Are Oil and Gasoline Prices on the Rise? [View article]
    With the rise in forward contracts and the drop in U.S. inventory, the tankers in the U.S. Gulf may soon unload their cargoes at higher prices.

    It would not be a stretch to see inventory building again in the coming weeks.
    Jun 02 10:32 am |Rating: +1 -1 |Link to Comment
  • Lester Brown on the Coming Food Crisis (Again) [View article]
    The American Farmer has fed and will continue to feed the world.

    Our agricultural technology and science is the best in the world.

    When Brown & Bailey say "The Sky is Falling" so many times, why listen at all?
    May 20 10:06 am |Rating: +2 -1 |Link to Comment
  • A Must See Movie: 'Zeitgeist Addendum' Explains the Fiat Money System [View article]
    The "Venus Project" is still another attempt for a utopia. While it is admirable in it's idea, it is also an "ISM"....................

    It sounds very similar to Communism.

    If your Venus Project society were to succeed, it also must control the population. While man will continue to strive to achieve utopia, Communism & Socialism have proven to be abject failures. Capitalism, however flawed, is still the most successful system yet devised by man to raise the standard of living for the people in the capitalist society.

    It is also very curious that the solutions presented in the 2 hour "movie" also requires "MONEY"

    The greatest threat against our system is the suspension of critical thinking by our society and the education system, that allows people to believe there can be a utopia. Maybe someday,......but not in the near future.

    Good Luck with that.
    May 11 11:17 am |Rating: +2 0 |Link to Comment
  • Oil Production in the Americas [View article]
    Irrational Exuberance
    Apr 19 13:09 pm |Rating: +1 -3 |Link to Comment
  • Crude Prices Should Hang Around $50 While Gasoline Prices Likely to Rise [View article]
    Irrational Exuberance
    Apr 19 12:57 pm |Rating: 0 -1 |Link to Comment
  • Preparing for the Dollar's Next Down Cycle [View article]
    Nobody knows for sure if this recent rally is a recovery rally or a bear market rally. I prefer to get confirmation before dipping back into the market, commodities or equities.

    As far as common stocks go.... I would be satisfied to lose a couple of percentage points of upside to confirm the next "Bull Market". The market can lose it's steam quickly during times like these. Confirmation is the key, all else is speculation.

    This so called bull seems to only be a bear market rally. There may be a number of these bear market rallies before we see the fundamentals improve.

    As far as I can tell, the author is also dependent on investors to make their living, so you also have a bias favorable to a premature market recovery.

    fundamentals, fundamentals, fundamentals
    Apr 10 11:14 am |Rating: +2 -1 |Link to Comment
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