Diegojames

Irrational Pricing in Crude Oil

I sold Valero weeks ago. Another management joke. CEO could have bought CNG producer, lithium battery producer and lithium mining shares and directed his company to the future.

My mining shares -TCK , Stillwater etc are OK. Commodities producer share 's will hold value unless some must sell them to raise cash. China's auto buyers will buy gas from BP and China Petro companies. USA integrated oils will decline slightly as hybrids are mandated on us.

Oh yes, Chinese like some Coca Cola and hamburgers. buy KO and YUM. I own KO.

Is Oil Demand Falling Off a Cliff?

IT WAS COLD IN SOUTHERN CALIFORNIA LAST NITE. I PUT ON FANNEL but wanted to LITE THE FIRE PLACE. I will DRIVE MY USUAL 22 MILES ROUNDTRIP TODAY.
MY WIFE IS UPGRADING THE KITCHEN now that DESIGNERS AND CRAFTSMAN ARE SUFFERING from POOR MARKETconditions.
I AM STILL LONG CVX, OXY,XTO,CHK,BUT WAS THAT ALL SOLD TODAY BY THE CEO??,BTU,CNX AND CNI TO HAUL THINGS FROM COAST TO COAST....ITS going to be A COLD WINTER WITH ALOT OF BAD NEWS.
THE ECONOMY IS NOT SOUND...BUT THIS WINTER WILL BE COLD AND PEOPLE NEED HEAT AND FOOD AND DRUGS.
WATCH FOR CVS . PICK SOME UP SOON .
I WILL SELL AU (GOLD) AND BUY FOOD AND MORE VALE-RIO AND TCK(COAL) THIS TUESDAY because the WIND is blowing COLD UP ON THE MOUNTAIN ABOVE NORTHRIDGE,CALIFORNIA WHERE the FINANCIALquake IS STRIKING AMERICA WHILE I WAIT FOR THE NEXT earthquake to hit SUNNY CALIFORNIA and for the cold fronts to hit the thermostats of AMERICA .
DIEGOjames pouring a MARTINI
Northridge, California
PS what about that GM/Chrysler/Renault Merger???