liquideagle

When Crude Drops, AMR Will Fly

China raising gas prices will be BULLISH for sweet crude and BEARISH for the heavier stuff. Currently Chinese refiners have had little choice but to buy the cheaper harder-to-refine stuff as the they could not turn around and sell the more expensive sweet crude at any profit - because of the subsidies.

These Three Deep Sea Drillers Look Like a Bargain

I think your thesis is a little backwards. Oil prices probably need to come down some for these mining companies to really flourish.

Otherwise too much demand destruction will occur resulting in weaker economies, lower demand, higher adoption of non-oil alternatives.

Plus, expect the Asian countries to consume less oil (near term, over the next couple of years) than they do now as those subsidies are phased out. Too much money is getting into the system which is causing runaway inflation over there.

Under The Radar News - Friday

"Firms including Apollo, TPG, Blackstone (BX), Bain Capital and KKR are raising tens of billions of dollars; hefty new contributions from sovereign wealth funds are more than compensating for a lack of domestic investors."

If this is the case why hasn't Blackstone closed the Alliance Data Systems deal? Where are the acquistion announcements? And where are they getting the money?

A Bet Against the Banks

Found the reference to the 7.8 Trillion in the NYTimes, story dated today:

www.nytimes.com/2008/0...