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ArtfulDodger
94 Comments
Time To Take Profits in Chip Stocks?
Such short-term market timing has most often proved fruitless --- and costly.
The best to those who follow this advice.
Rebeldog
The Truth About Oil Prices
You could be right about the continued spike in the ppb over the short term, but the public is almost fully invested in energy stocks and ETFs. So the bust out is surely not far away, and this will have absolutely nothing to do with where we can drill or can't or what supply and demand is.
The ppb will crash when the momemtum players believe that every sucker in the world that can buy an Oil or Energy ETF or an oil or energy stock or a futures contract is fully invested. At that time, they will know that they and their crony touts at the Big NY Houses have sucked every cent out of every sucker.
In the long run, however, energy prices will certainly climb, if we don't get rid of the leftists now running Congress. And we should learn after their control from 1932 to 1992 that, it's hard as a New Jersey mobster to get them out of office after they get in and begin buying the votes of hoi polloi.
Because the Dumborats in Congress want to control everything we do and also think they're smarter than every other living being and think they know what's best for all of us, they'll do all they can to keep energy prices high, because they hate anything that comes from the earth, except, of course, corn and grains, which should be used for food; but those brilliant beings want us to use them for fuel.
The Controlcrats also hate with a passion that so many Americans have become so affluent over the last eight years that, even after the Y-2-K Con, the Dotbomb explosion (and terrible aftermath), 9-11, and Katrina, our resilient, hard-working people can still afford large homes and SUVs.
Leftists want to be the only ones who can ride in limos, have a home in their district (or state), one in Washington, and a million dollar vacation get away. They want the rest of us traveling by mass transit, sitting around our homes huddled up with the thermostat at 60 degrees in the winter, and fanning ourselves in the summer with the air conditioning set on 85.
For the Controlcrats, the average American being able to afford most anything he wants is too much affluency and far too much freedom. Thus behind-the-scenes, no matter what the Liarcrats say in public, they are cheering high energy prices, and they'll do all they can to keep them high.
But that doesn't mean that the recent 50% spurt of the last few months will last. Prices will crash from where they are, and the media will begin telling us how flush oil supplies are, and that will cause them to go down further.
But I doubt whether we'll ever see them back to the levels we have over the past fifteen years when reasonably priced energy has helped the nation more than double its gross production rates and also has aided so many people to become well off.
I don't like the politicians who're purposely atempting to put the squeeze
on oil supplies so that prices will spurt upward and they can brainwash the people into accepting their eco-maniac agendas. These same cynical type of people have been predicting the earth's demise for the last sixty years. They simply have to change every decade or so in they manner they tell us it's going to die; today they tell us it's going to heat up to a boiling point and explode, killing every living thing. Another hoax!
Me, I like seeing people prosper. I like their being free to choose the homes and cars they like and can afford. I enjoy seeing my friends businesses flourish, and I like seeing people happy, and getting that way the way they please.
But, of course, I'm not a Controlcrat.
Rebeldog
When Will Oil Stop Its Rapid Ascent?
Because the Dumborats in Congress want to control everything we do and also think they're smarter than every other living being and know what's best for all of us, they'll do all they can to keep energy prices high, because they hate anything that comes from the earth, except of course corn and grains, which should be used for food; but those brilliant beings want us to use them for fuel.
The Controlcrats also hate with a passion that so many Americans have become so affluent over the last eight years that, even after the Y-2-K Con, the Dotbomb exlposion, 9-11, and Katrina, our resilient, hard-working people can still afford large homes and SUVs. They want to be the only ones who can ride in limos, have a home in their district (or state), one in Washington, and a million dollar vacation get away.
To the Controlcrats this is too much affluency and far too much freedom. Thus behind-the-scenes, no matter what they say in public, they are cheering high energy prices, and they'll do all they can to keep them high.
But that doesn't mean that the recent 50% spurt of the last few months will last. Prices will crash from where they are, and the media will begin telling us how flush oil supplies are, and that will cause them to go down further.
But I doubt whether we'll ever see them back to the levels we have over the past fifteen years when reasonably priced energy has helped the nation more than double its gross production rates.
I don't like the politicians who're purposely atempting to put the squeeze
on oil supplies so that prices will spurt upward and they can brainwash the people into accepting their eco-maniac agendas. These same cynical type of people have been predicting the earth's demise for the last sixty years. They simply have to change every decade or so in they manner they tell us it's going to day; today it's going to heat up to a boiling point and explode, killing every living thing. Another hoax!
Me, I like seeing people prosper. I like their being free to choose the homes and cars they like and can afford.
But, of course, I'm not a Controlcrat.
Rebeldog
Oil Manipulations Exposed
Rebeldog
Goldman's $200 Oil Price Superspike Challenged
Oil prices will soon come crashing down, but clearly prices can stay irrational much longer than reasoning people can imagine.
Rebeldog
Oil Looks Toppy - Time to Short?
I don't short, but I've sold all my oil & drilling stocks ahead of the soon coming blowout.
Keep up the good work.
Rebeldog
Oil Manipulations Exposed
Thank you very much for your work and for putting up with people who can't debate or argue against your excellent points, but have to call you names.
Overlook them and keep it up!
Rebeldog
Oil Manipulations Exposed
The greedy NY crowd is always in one sector or the other with their crony touts from the Big NY Houses on the financial shows pumping and pumping that particular sector.
This they carry out until the public is fully invested, which is now very close in the energy sector, then they dump.
Pump and dump, pump and dump. They've been doing it for years.
Jim Cramer has admitted to being a part of it when he ran a hedge fund.
The Congress doesn't understand it, so no one is even close to stopping it.
Thus, after they deplete the public's funds in the energy sector, they'll move to another one and start all over.
Watch for yourself. It's coming soon.
Rebeldog
Oil Companies Paid More Than Bottom 75% of Taxpayers
And the fact is, they hate anyone who makes more money than they do. And not a whole lot of people do. Skinflinton and Bullery have over a hundred million since entering the White House in `92 with a net worth of $130,000.
Albert GaWhore has made over a hundred million investing in "alternative energies" that he knew his cronies in Congress would make legislation to favor.
If it were up to the socialists like Maxine Waters and Lil' O'Sambo and Develry they'd take every penny everyone of us makes and distribute it as they wish.
Why? Not only are they sick envious people, but they're also smarter than everyone else and know better what to do with our money than we do.
Lil' O'Sambo wants us to stop eating so much and stop driving SUVs and stop putting our thermostats up on 72 in the winter and down on 68 in the summer.
"These things Americans are going to have to stop," he says. But he should have added, If I get elected president.
Sick! Very sick!
Rebeldog
PSI: Cautiousness Prevails Despite Recent Run-up
Very good article.
However, I think there is less risk in a careful selection of chip stocks (and topnotch techs) than in the energy and commodity sector—at least over the next few months.
I recently sold my positions in the former sectors and retrenched in, for the most part, the tech sector.
Some of those techs are, and not all are chips, as follows: ADI, CSCO, GIGM, GLW, GRMN, LRCX, MSFT, NOK, NTE, NTES, NVDA, TXN.
As you have surely noticed, almost no one at this time is interested in Class A tech stocks; only a few risky, low-priced long-shot ones.
E.g., I'm the only one commenting on your excellent research and work. It's because the Big Houses and their touts are pointing everyone toward energy and commodities.
That will soon blow up, and the mementum players will have to light somewhere. A good bet would be tech, although I don't care where they go.
Your comment would be appreciated.
Rebeldog
Crude Oil Going Parabolic: The Good News and Bad News
You have to be a child and not have lived through the oodles of pump and dump acts that the NY crowd scams the public with to go for this one.
How can so many people believe that, all of a sudden, China and India are grabbing up all the oil in the world, causing prices per barrel to rise 50% over a few months?
China doesn't even report how much oil it buys, uses, or stores. The best we can guesstimate is that over the last five years China has gone from 4.9 million bpd to a little over 6.8 million bpd. The US uses about 20 million bpd.
How can so many people believe that, all of a sudden, there is a shortage of oil? That refiners can't refine enough oil? That there are break downs in the infrastructure lines?
And for God's sake America is an exporter of oil; we are not dependent upon "foreign oil," unless you call Canada a foreign nation. And I personally don't mind sending the Canadians money for oil, which is where America gets the majority of its imported oil.
Our oil companies do indeed pick up oil in the Middle East, but they take over 90% of that oil to Europe, the UK, Japan, China, et al.
Does no one remember the 1970s?
It's the same old slop warmed over, and the investing public is going for it again—big time!
Known reserves (fairly easily retrievable oil) in 1970 were about 560 billion barrels. By 2000 they were over 1 trillion. Eight years later they are about 1.6 trillion. (see PS below)
The world uses somewhere between 75 million bpd and 86 million bpd. (Nobody is exactly sure, though; these are estimates.)
What's the problem? Where's the shortage?
The telling sign that the first major downturn is about to come is that after Goldman Sachs and T. Boone and nearly everyone else you can imagine came on the tube pumping the ppb at $150 & $200, the price has not moved even 5% since then (from $127).
Pickens has been an oil bull since the 70s, and GS always piles on late to get the public in after the momentum players are fully invested.
If the ppb continues to stall in the low to mid-130s, the momentum players will know the public is finally fully invested. There will then be no more money to go in.
So when they've depleted the public's pockets, they'll start dumping and the public (suckers that WSt. uses them as), which is now buying oil and energy stocks as never before, will get killed—per usual.
That's a view from someone who bought his first stock in 1967 and has been watching the NY crowd run these scams on the public for the last 35 years. They use the same method of operation over and over. And why shouldn't they? The Congress doesn't understand what they're doing, and quite frankly, few other people do.
Jim Cramer has admitted to doing this back when he ran a hedge fund; the people running these operations aren't smarter than the average bear. They're simply more crooked and devious.
They're greedy and heartless, too. They won't stop. Soon after the "we're running out of oil" and "China and India are using up all the world's oil" and "refineries can't refine enough oil" scam is over, they'll move to another sector and within a few months the financial media and the Big NY Houses will begin pumping it. And, guess what? The public will go for it again.
Rebeldog
PS: Iraq has just announced that its latest survey shows that they have another 225 billion barrels in reserve. Thus, add another 225 billion barrels to the World's reserves.
The Case for Not Drilling ANWR
But don't forget: America is an exporter of oil. Our oil companies do indeed pick up oil in the Middle East, but they take over 90% of that oil to Europe, Englan, Japan, China, et al.
As far as oil prices go, most everyone is leaving out one important point that every well-seasoned investor must understand: what I call "the scam factor."
You have to be a child and not have lived through the oodles of pump and dump acts that the NY crowd scams the public with to go for this one.
How can so many people believe that, all of a sudden, China and India are grabbing up all the oil in the world, causing prices per barrel to rise 50% over a few months?
China doesn't even report how much oil it buys, uses, or stores. The best we can guesstimate is that over the last five years China has gone from 4.9 million bpd to a little over 6.8 million bpd. The US uses about 20 million bpd.
How can so many people believe that, all of a sudden, there is a shortage of oil? That refiners can't refine enough oil? That there are break downs in the infrastructure lines?
Does no one remember the 1970s?
It's the same old slop warmed over, and the investing public is going for it again—big time!
Known reserves (fairly easily retrievable oil) in 1970 were about 560 billion barrels. By 2000 they were over 1 trillion. Eight years later they are about 1.6 trillion. (see PS below)
The world uses somewhere between 75 million bpd and 86 million bpd. (Nobody is exactly sure, though; these are estimates.)
What's the problem? Where's the shortage?
The telling sign that the first major downturn is about to come is that after Goldman Sachs and T. Boone and nearly everyone else you can imagine came on the tube pumping the ppb at $150 & $200, the price has not moved even 5% since then (from $127).
Pickens has been an oil bull since the 70s, and GS always piles on late to get the public in after the momentum players are fully invested.
If the ppb continues to stall in the low to mid-130s, the momentum players will know the public is finally fully invested. There will then be no more money to go in.
So when they've depleted the public's pockets, they'll start dumping and the public (suckers that WSt. uses them as), which is now buying oil and energy stocks as never before, will get killed—per usual.
That's a view from someone who bought his first stock in 1967 and has been watching the NY crowd run these scams on the public for the last 35 years. They use the same method of operation over and over. And why shouldn't they? The Congress doesn't understand what they're doing, and quite frankly, few other people do.
Jim Cramer has admitted to doing this back when he ran a hedge fund; the people running these operations aren't smarter than the average bear. They're simply more crooked and devious.
They're greedy and heartless, too. They won't stop. Soon after the "we're running out of oil" and "China and India are using up all the world's oil" and "refineries can't refine enough oil" scam is over, they'll move to another sector and within a few months the financial media and the Big NY Houses will begin pumping it. And, guess what? The public will go for it again.
Rebeldog
PS: Iraq has just announced that its latest survey shows that they have another 225 billion barrels in reserve. Thus, add another 225 billion barrels to the World's reserves.
The Self-Defeating Oil Surge
You have to be a child and not have lived through the oodles of pump and dump acts that the NY crowd scams the public with to go for this one.
How can so many people believe that, all of a sudden, China and India are grabbing up all the oil in the world, causing prices per barrel to rise 50% over a few months?
China doesn't even report how much oil it buys, uses, or stores. The best we can guesstimate is that over the last five years China has gone from 4.9 million bpd to a little over 6.8 million bpd. The US uses about 20 million bpd.
How can so many people believe that, all of a sudden, there is a shortage of oil? That refiners can't refine enough oil? That there are break downs in the infrastructure lines?
Does no one remember the 1970s?
It's the same old slop warmed over, and the investing public is going for it again—big time!
Known reserves (fairly easily retrievable oil) in 1970 were about 560 billion barrels. By 2000 they were over 1 trillion. Eight years later they are about 1.6 trillion. (see PS below)
The world uses somewhere between 75 million bpd and 86 million bpd. (Nobody is exactly sure, though; these are estimates.)
What's the problem? Where's the shortage?
The telling sign that the first major downturn is about to come is that after Goldman Sachs and T. Boone and nearly everyone else you can imagine came on the tube pumping the ppb at $150 & $200, the price has not moved even 5% since then (from $127).
Pickens has been an oil bull since the 70s, and GS always piles on late to get the public in after the momentum players are fully invested.
If the ppb continues to stall in the low to mid-130s, the momentum players will know the public is finally fully invested. There will then be no more money to go in.
So when they've depleted the public's pockets, they'll start dumping and the public (suckers that WSt. uses them as), which is now buying oil and energy stocks as never before, will get killed—per usual.
That's a view from someone who bought his first stock in 1967 and has been watching the NY crowd run these scams on the public for the last 35 years. They use the same method of operation over and over. And why shouldn't they? The Congress doesn't understand what they're doing, and quite frankly, few other people do.
Jim Cramer has admitted to doing this back when he ran a hedge fund; the people running these operations aren't smarter than the average bear. They're simply more crooked and devious.
They're greedy and heartless, too. They won't stop. Soon after the "we're running out of oil" and "China and India are using up all the world's oil" and "refineries can't refine enough oil" scam is over, they'll move to another sector and within a few months the financial media and the Big NY Houses will begin pumping it. And, guess what? The public will go for it again.
Rebeldog
PS: Iraq has just announced that its latest survey shows that they have another 225 billion barrels in reserve. Thus, add another 225 billion barrels to the World's reserves.
Understanding Crude Oil Prices
Great article. But you are leaving out one important point that every well-seasoned investor must understand: what I call "the scam factor."
You have to be a child and not have lived through the oodles of pump and dump acts that the NY crowd scams the public with to go for this one.
How can so many people believe that, all of a sudden, China and India are grabbing up all the oil in the world, causing prices per barrel to rise 50% over a few months?
China doesn't even report how much oil it buys, uses, or stores. The best we can guesstimate is that over the last five years China has gone from 4.9 million bpd to a little over 6.8 million bpd. The US uses about 20 million bpd.
How can so many people believe that, all of a sudden, there is a shortage of oil? That refiners can't refine enough oil? That there are break downs in the infrastructure lines?
Does no one remember the 1970s?
It's the same old slop warmed over, and the investing public is going for it again—big time!
Known reserves (fairly easily retrievable oil) in 1970 were about 560 billion barrels. By 2000 they were over 1 trillion. Eight years later they are about 1.6 trillion. (see PS below)
The world uses somewhere between 75 million bpd and 86 million bpd. (Nobody is exactly sure, though; these are estimates.)
What's the problem? Where's the shortage?
The telling sign that the first major downturn is about to come is that after Goldman Sachs and T. Boone and nearly everyone else you can imagine came on the tube pumping the ppb at $150 & $200, the price has not moved even 5% since then (from $127).
Pickens has been an oil bull since the 70s, and GS always piles on late to get the public in after the momentum players are fully invested.
If the ppb continues to stall in the low to mid-130s, the momentum players will know the public is finally fully invested. There will then be no more money to go in.
So when they've depleted the public's pockets, they'll start dumping and the public (suckers that WSt. uses them as), which is now buying oil and energy stocks as never before, will get killed—per usual.
That's a view from someone who bought his first stock in 1967 and has been watching the NY crowd run these scams on the public for the last 35 years. They use the same method of operation over and over. And why shouldn't they? The Congress doesn't understand what they're doing, and quite frankly, few other people do.
Jim Cramer has admitted to doing this back when he ran a hedge fund; the people running these operations aren't smarter than the average bear. They're simply more crooked and devious.
They're greedy and heartless, too. They won't stop. Soon after the "we're running out of oil" and "China and India are using up all the world's oil" and "refineries can't refine enough oil" scam is over, they'll move to another sector and within a few months the financial media and the Big NY Houses will begin pumping it. And, guess what? The public will go for it again.
Rebeldog
PS: Iraq has just announced that its latest survey shows that they have another 225 billion barrels in reserve. Thus, add another 225 billion barrels to the World's reserves.
Crude Oil Prices: Bears Will Soon Win Out
How can so many people believe that, all of a sudden, China and India are grabbing up all the oil in the world, causing prices per barrel to rise 50% over a few months?
China doesn't even report how much oil it buys, uses, or stores. The best we can guesstimate is that over the last five years China has gone from 4.9 million bpd to a little over 6.8 million bpd. The US uses about 20 million bpd.
How can so many people believe that, all of a sudden, there is a shortage of oil? That refiners can't refine enough oil?
Does no one remember the 1970s?
Known reserves (fairly easily retrievable oil) in 1970 were about 560 billion barrels. By 2000 they were over 1 trillion. Eight years later they are about 1.6 trillion. (see PS below)
The world uses somewhere between 75 million bpd and 86 million bpd.
What's the problem? Where's the shortage?
The telling sign that the first major downturn is about to come is that after Goldman Sachs and T. Boone and nearly everyone else you can imagine came on the tube pumping the ppb at $150 & $200, the price has not moved even 5% since then (from $127).
Pickens has been an oil bull since the 70s, and GS always piles on late to get the public in after the momentum players are fully invested.
If the ppb continues to stall, the momentum players will know the public is finally fully invested. There will then be no more money to go in.
So when they've depleted the public's pockets, they'll start dumping and the public (suckers that WSt. uses them as), which is now buying oil and energy stocks as never before, will get killed—per usual.
That's a view from someone who bought his first stock in 1967 and has been watching the NY crowd run these scams on the public for the last 35 years.
They're greedy and heartless, too. They won't stop. Soon after the "we're running out of oil" and "China and India are using up all the world's oil" and "refineries can't refine enough oil" scam is over, they'll move to another sector and within a few months the financial media and the Big NY Houses will begin pumping it. And, guess what? The public will go for it again.
Rebeldog
PS: Iraq has just announced that its latest survey shows that they have another 225 billion barrels in reserve. Thus, add another 225 billion barrels to the World's reserves.