Dean M

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

Notable Picks from Investment Managers - Barron's

If I want to watch a bunch of stock touts talk their books I'll stick with CNBC.

11 Take-Aways from Buffett's Annual Letter

He seems to have produced his exceptional results in this decade by mostly avoiding the dot com bust, other than that feat he seems to have more or less tracked the index in the 2000s. And now he is a little late to the realization that things are really bad. And his line about geeks bearing formulas, that is really getting tired.

Buffett, Grantham and China: What the Savers Are Buying

If I had an advisor buying for me some of the crap that Buffet picked up in the past year, I would have fired him a long time ago..

Buffett's Import Certificates Plan Could Pilot the Economy to a Safe Landing

This reminds me of a recent story where some brilliant scientists eradicated feral cats on some island to protect endanged birds and it ended up causing the rabbit population to explode and eat all the birds food supply, thus wiping them out.

Berkshire Hathaway Credit Risk, Index Puts Are Overblown Worries

Maybe the plummeting stock market isn't such a sign of dysfunction amid normal economic conditions. Maybe it's actually a rational reaction to a dysfunctional economy that has suffered the shocks of multiple bubbles popping at once while the US consumer is finally waking up to the fact that he's nearly bankrupt..

Berkshire Hathaway Credit Risk, Index Puts Are Overblown Worries

I guess I'm dumb cause I don't see how shorting makes a stock go down. I guess short sellers can do some unscrupulous things to shake confidence in a stock but the act of shorting doesn't force people to sell at a lower price than they would otherwise accept.

Berkshire Hathaway Credit Risk, Index Puts Are Overblown Worries

You can't make money if you lose all your bullets before the market turns around

Berkshire Hathaway Credit Risk, Index Puts Are Overblown Worries

you will be grasshopper, you will be


On Nov 20 05:39 PM Terry Huebert wrote:

> I'm nowhere near down 70% yet and I'm just a bum from Moose Jaw Saskatchewan,
> with a BSc and a teaching diploma.