Dean M

The Global Oil Scam: 50 Times Bigger than Madoff

I wish oil would go to $1000/bbl so we could get rid of it once and for all in this country and let Ahmedinejad and Chavez drink it.

Cramer's Mad Money - Get 'Em While They're Cold (6/19/09)

When I read garbage like this it makes me want to put all my money in a cd.

Best Investments for Rising Oil

The GS $85/bbl oil price call of last week was the signal that this rally is done. Oil will be back in the low to mid $50 range in a month. Go ahead and buy that SUV!

My Thoughts on Oil

70% of our GDP is consumer spending, I wouldn't call that efficient.


On Jun 02 10:31 AM Righteous Dude wrote:

> Your first sentence is highly misleading. The US does use around
> 25% of the world's oil, but we also create 30% of the world's GDP.
> We are more efficient than most countries
>
> The second sentence makes no sense at all. Just as example: Japan
> is 100% dependent on oil imports, whereas the US is "only" 65% dependent.
>
>
> Why is oil going up? We have seen what enviro-terrorists have done
> to the energy policy in Europe. In an absurd attempt to fight higher
> temperatures that may or may not be caused by oil companies, Europe
> emphasized natural gas without bothering to figure out where they
> would get said gas... Now all of Europe must pay whatever price Vladimir
> Putin wants to avoid freezing to death.
>
> Obama is now indebted to similar extremists here in the US for his
> election. While alternative energy sources are probably a good idea
> in the long run -- they cannot make a dent in the next 4 years (or
> even 8). It took Brazil over two decades to switch to ethanol, and
> that was under a military dictatorship and with a lot less infrastructure
> to convert.
>
> What stupid energy idea will the crazies force down America's throat
> through their puppet Obama? Its anyone's guess, but one sure thing
> is that it will cost American consumers dearly

Commodities for Income Investors

Alot of smart people have taken both sides of the argument. Bottom line, they're all guessing and if anyone gets it right they were just lucky. Also it seems like your remark about how you assume free and open markets is like making excuses in advance, of course everyone knows we don't.

"Caveat: I’m not a prophet. The following conclusions are just based on the evidence I present below that this is not the time for new long positions. I’m still innocently (naively?) assuming we have a free, open and transparent market operating."