cyclops

Markets Trade Sideways After Jobs Jump

Jobs JUMP???!!! Birth/death model added 230k non-existent jobs to the total. Who believes that we added those jobs to construction and retail - Raise your hands!

World Oil Supplies Declining Faster Than Expected - IEA

Mangolfer,
Why don't you start us off! Let's see....you invest your money so you can lose $10 for each $75 you put in. Drill, baby, drill!

False Data Clobbers the Markets

Ozzy, have you seen the recent Zapata George report?

On August 28th a report in a Corpus Christi, Texas newspaper included a picture with this caption: “Tank trucks wait in long line Wednesday to load fuel at Magellan terminal in Fargo North Dakota.” For those who don’t know, Magellan Midstream Partners LP operates a network of pipelines and distribution terminals including one in Fargo.

The report went on to say that industry officials are mystified by fuel shortages at terminals in the upper Midwest in recent days. However, they are likely to have enough supplies for Labor Day weekend.

Folks, we reported a week ago that there were shortages of diesel in, of all places, northwestern Saudi Arabia. Last spring we reported that there was no gasoline in Australia and the big companies advertised in a Sunday paper to apologize. We also reported on the shortage of gasoline at the biggest refinery on Edmonton Row in Alberta Canada – all evidence that this is NOT a new occurrence!

Are you beginning to get the picture? It’s developing right before our eyes. There is only one reason for shortages of gas to be happening in so many places, and that’s because THERE ISN’T ENOUGH crude supply.

If you haven't heard me before, please pay attention because peak oil is behind us. Let me say that again…PEAK OIL IS BEHIND US! We now consume more oil every day then we produce, and that is not likely to change! The crude oil inventories that are worldwide and located in 10,000 different places have been absorbed through the second quarter. From here to the end of the year, the rubber meets the road “big time”. I must say this once again. “Now is the time to be long in oil, natural gas, coal, gold, silver and agricultural products.”
This is Zapata George

False Data Clobbers the Markets

Bottom line....yeah, for now!

Ozzy....I understand your frustration ;) Also know that there are none so blind as those who will not see...

Speculation and the Price of Oil: An Unfriendly Note

Couldn't you have said all that in, like...3 sentences? :)

The Oil Bubble Will Meet the Same Fate as Tech, Housing

So many fools, too few lightening strikes:

When a government or central bank creates additional money through fiat means, it creates inflation. The real definition of inflation is an increase in the supply of money beyond any increase in specie. By its very definition, it attributes the real cause of inflation to its root source which is expansion of the supply of money and credit through artificial means. Its real cause is an act of fraudulent intervention into the financial and economic system distorting values, investments, and in the process, the distribution pattern of wealth and income within the economy.

It's the printing presses!

An understanding of the real cause of inflation is crucial to an understanding of fixing it once it reappears. Most economists and analysts misdiagnose inflation. The standard definition of inflation today adopted by economists, analysts on Wall Street and the mainstream press is that inflation is an increase in prices. The modern definition of inflation as simply rising prices looks more at the symptoms of inflation and not the cause.

Oil Price: $100 Before $150 - But $200 Before $50

Better sell those lousy canroys, pronto!

Options Trader: Thursday Outlook

Good call, from just yesterday no less, Don’t expect oil to come off the floor today and, as long as they stay under $137.50 for the week, we’re happy…
I guess you ain't happy then?