Congress has more power than the president. Congress has done nothing to prevent any of this. The problems with energy and social security have been known for decades. They have done nothing and continue to do nothing.
They all need to be removed and we start over. Never vote for an incumbent no matter what party they are in.
We need fresh minds and people willing to work more than two days a week.
Although oil is clearly behaving like a bubble the article does not discuss one difference between oil and housing and other bubbles.
Oil may have a limited supply, housing does not. Demand for housing can all but disappear but oil is a necessary commodity to run the country. This supply demand scenario may drive oil higher than anyone expects and rather than the bubble popping it may just level out.
Are the housing bubble and dot com bubble good comparisons to oil?
Is this posting just another contrarian indicator?
1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble? [View article]
smith34m We have needed an energy policy for many years. I have absolutley zero confidence that this government can produce a workable document of this kind. Look at their record.
Our Congress has the perfect system for doing nothing and getting away with it. They just blame one another for not getting anything done and the American people buy it.
Both sides love this system and they will never change it.
They work very few hours, get big paycheck, huge pensions, lots of perks and live the life of a Rockstar.
Nothing will change as long as we have this two party system in place. Every incumbent needs to be removed.
1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble? [View article]
The media has always had a bias towards negative news. They love putting these stories out there. Doomsday stories sell. I know I get caught in their embrace.
If Tony Hayward is right,. we just need to watch for the top and make money at the exits.
Is it possible that Saudi arabia, Iran, Russia, Venezuela and others could manipulate the oil commodities market to such an extent that they can control the price of oil and tank the US economy??
There are intelligent people out there suggesting such a thing. The Hunt Brothers tried to corner silver but they had to buy the silver. The Saudis and other already have the oil.
I don't know enought about commodities markets to know. How about one of you experts telling me.
Tuesday Outlook: Commodities, Emerging Markets [View article]
Congress has more power than the president. Congress has done nothing to prevent any of this. The problems with energy and social security have been known for decades. They have done nothing and continue to do nothing.
They all need to be removed and we start over. Never vote for an incumbent no matter what party they are in.
We need fresh minds and people willing to work more than two days a week.
Oil: If It Looks Like a Bubble... [View article]
Oil may have a limited supply, housing does not. Demand for housing can all but disappear but oil is a necessary commodity to run the country. This supply demand scenario may drive oil higher than anyone expects and rather than the bubble popping it may just level out.
Are the housing bubble and dot com bubble good comparisons to oil?
Is this posting just another contrarian indicator?
Any one have any thoughts?
The 'Peak Oil' Myth: New Oil Is Plentiful [View article]
Several even suggest the author go do some more research but offer little else.
My golden rule- " What can be asserted without evidence can be dismissed without evidence."
Present your facts or get out of the way and don't dirty up the boards.
Speculation and the Price of Oil [View article]
1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble? [View article]
We have needed an energy policy for many years. I have absolutley zero confidence that this government can produce a workable document of this kind. Look at their record.
Our Congress has the perfect system for doing nothing and getting away with it. They just blame one another for not getting anything done and the American people buy it.
Both sides love this system and they will never change it.
They work very few hours, get big paycheck, huge pensions, lots of perks and live the life of a Rockstar.
Nothing will change as long as we have this two party system in place. Every incumbent needs to be removed.
1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble? [View article]
If Tony Hayward is right,. we just need to watch for the top and make money at the exits.
The Reverse Wealth Effect [View article]
With all the political rhetoric we forget how depended we are on one another.
Why the Oil Spike? [View article]
We park a couple of nuclear submarines and frigates off their coast and tell them they get 10 for every 1 they fire.
The Reverse Wealth Effect [View article]
There are intelligent people out there suggesting such a thing. The Hunt Brothers tried to corner silver but they had to buy the silver. The Saudis and other already have the oil.
I don't know enought about commodities markets to know. How about one of you experts telling me.