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  • Boone Pickens' BP Capital: Rebuilding in 2009 [View article]
    I follow T Boone and I think he is a fantastic investor. It made me sick when he dumped his transocean because I held mine. Now I see he is back in Transocean. The only difference between Boone and me is that he probably made 100% on gettng out and then back in and I am still underwater at an average price of $98 a share.
    Oh well, live and learn.
    At least now I can feel better about holding my Transocean. I just need to pay closer attention next time he gets out.
    Jun 14 12:35 pm |Rating: +5 -2 |Link to Comment
  • The Real Rationale Behind Current Supply and Demand for Oil and Other Commodities [View article]
    Low gas prices will bring the country out of its funk just as high gas prices put us into the funk. More money in consumers pockets, no matter how it gets there is good for the economy, that is the simple bottom line.
    Dec 26 12:13 pm |Rating: +3 -2 |Link to Comment
  • The Real Rationale Behind Current Supply and Demand for Oil and Other Commodities [View article]
    America is a junk food nation. Give an American food stamps and the first thing they buy is potato chips, popcorn, and pop; the essentials of life.He missed the mark there. I can not figure out what this guy brushes his teeth with if not some form of toothpaste. Mouthwash is not needed but I can't imagine toothpaste as a luxury.
    The best part of the article was his oil and shipping analysis he is right on there. As far as power plants, natural gas is the only economically feasible way to go due to the limited amount of fuel for nuclear and the peak oil theory on oil.
    When the dam breaks on all this liquidity the fed is putting into the economy we will all be flooded with massive inflation. Banks can borrow at zero percent interest and there is a credit crunch...BS. Credit card rates are going to collapse to get the economy going, you can bet on it.
    If you remember all the predictions for 2008 made in 2007 you will see only a very few came close to the actual results. The results for 2009 will be the same, very few will get the bearish prediction right. Since I am an eternal optimist I am going out on a limb by predicting a 14000 Dow sometime in 2009...lol May you all have a prosperous 2009.
    Dec 26 09:13 am |Rating: +7 -3 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    GM's catering to the Unions which eventually lead to $ 190 billion in pension fund liabilities via the health insurance and retirement income paid to retirees is what has GM in the toilet. You are right about the fact that GM can not react fast enough but that is because they don't have the resources to react.
    This should end once and for all that the car companies are in bed with the oil companies. The car companies are going belly up while the oil companies are making record profits.
    The labor unions have never gotten it, there is no such thing as it is us against the company. Us is the company so when the company dies so does us. If the company prospers so does us. Labor unions have never understood short term sacrifice for long term gain. It has always been give it to me now and the hell with tomorrow.
    Labor unions destroyed GM, Ford and Chrysler because management let them so in the end the failure of american car companies can be blamed on both parties plus the american public for putting up with the negotiation process.
    Aug 01 12:34 pm |Rating: 0 0 |Link to Comment
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