chistletoe

42 Comments

    • Hurricane Damage Impacts Oil Price [view article]
      yes, demand is down.
      Its the latest repeat-ad-nauseum-and-... just in case someone was making too much noise eating potato chips and did not hear it, from our beloved media.

      When, oh when, will you also report that production is down? Not just because of two hurricanes, but permanently? Forever? And its still getting worse?

      Before the hurricanes, the USA production had declined another 2% for the year, or over 40% from its all time high.

      Meanwhile Pemex reports that their production has now slipped another notch, now under 50% from its high five years ago.
      Norway reports that its production has also slipped, to 60% of its all-time high several years ago.
      Nigeria you should know about already.

      And while everyone listens assiduously to every word coming out of the Saudi and other OPEC oil ministers' mouths, you seem to gently overlook what they are doing: actually reducing output and exports.

      Oil is never, never going to get cheaper.
      even in constant US dollars.
      And as usual, you are so busy cleaning up the last mess that
      you are not anticipating the next one, inevitable though it is ...       Sep 28 02:57 PM
    • Oil Price Speculation Truth Begins to Leak into Mainstream Media [view article]
      what a toilet full of pompous pontification.
      You might want to shut up for awhile and do some serious reading.
      Perhaps if you move to Nashville, where they are even now experiencing the beginnings of serious, prolonged gasoline shortages, you will
      have the time on your hands to do some real research.       Sep 23 09:08 AM
    • Buried IAEA Report Could Give Oil a Big Boost [view article]
      "The IAEA and the US see Iran’s refusal to cooperate as a clear sign that the regime refuses to cooperate ..."

      um, gee, that's pretty astute ...       Sep 17 02:29 PM
    • On the Need for Better Auto Sales Metrics [view article]
      why bother at all?
      Only someone totally absent from reality would buy any car company stock right now anyway. Besides, GM and Ford are beyond bankrupt and the only way they can stay in business is as GSE's ....       Sep 05 09:02 AM
    • Naked Short Selling Ban [view article]
      very nicely put. Aug 28 06:51 AM
    • I.O.U.S.A.: Documentary Worth a Peek [view article]
      You cannot debate "government spending is too high" versus "government spending is okay or too low" without discussing where the money is going. The priorities have been altered, gradually, hugely.
      In the fifties and sixties some 2/3 of non-entitlement spending went for building and repairing the infrastructure and caring for americans who could not care for themselves. Today, however, 2/3 of non-entitlement spending goes down the drain fighting losing wars, propping up petty dictators, rescuing investment houses which made very stupid bets, and harassing and spying on american citizens in the name of "security". Meanwhile the infrastructure is crumbling. We have become obsessed with money for its own sake, completely losing track of the fact that money is only paper and has no value at all, and we are either ignoring or systematically destroying all the things that do have real value, such as doing quality work for other people, doing service for other people, manufacturing beautiful and useful products, and so forth ...

      A few movies and diatribes notwithstanding, the personal and governmental debt situation in the USA has already passed the crisis stage and is now guaranteed to bring down the government, its only a matter of time, and not even a lot of that ... some real pain is coming down the tracks, and a few people are going to be spanked ...       Aug 26 08:17 AM
    • Ugly Thoughts for a Pre-PPI Monday [view article]
      Increasingly, people are getting more and more vocal about refusing to pay higher prices for gasoline. The only alternative is a concept
      we learned from nominally communist societies:
      price controls coupled with perennial shortages.
      That's next.       Aug 18 02:32 PM
    • Natural Gas: Clean Fuel with a Dirty Little Secret [view article]
      Nice, careful research, Nathan.

      I must presume that Brian is going behind a lot of cows and installing collection equipment. I sure hope he strikes it rich ....       Aug 14 05:11 AM
    • Crude Oil: How Far Will It Fall? [view article]
      all these people who rely on those graphs and lines and jiggles and stuff,
      kinda remind me of the gypsies who used to tell your fortune
      by looking at tea leaves or the lines on your hand.

      Party is over. Oil is selling at the lowest point you will ever see again, and the DOW is at the highest point you will ever see again.
      Its fundamental, my dear Watson ....       Aug 07 06:33 AM
    • Default Risk of U.S. Automaker Debt: Too Big to Fail? [view article]
      The question no one wants to ask is,
      is the Us government itself "too big to fail"?
      Who out there believes that the US government has the honest intent to pay off its debt, now $10 trillion and growing, as well as to honor the coming deficits in social security and medicare, as well as to honor its loan guarantees for Fannie and Freddy (which are probably $100 billion underwater already by GAAP rules and still getting deeper as the housing collapse worsens).
      Who still wants to loan the government more money,
      and throw good value to chase what's been lost already?

      How much longer can this go on?       Aug 03 02:29 PM
    • Reviving the 'American Dream': More Subsidies Needed? [view article]
      nice satire .... Aug 01 07:56 AM
    • Everyone Wants the Commodity Bubble To Be Pricked [view article]
      The ultimate culprit for the rise in commodity prices,
      seldom ever mentioned,
      is the population "bubble".
      More and more people on earth chasing fewer and fewer resources.

      If all the people who believe that prices will go down
      would simply kill themselves right now,
      then prices would go down.
      But that's the only way ...       Aug 01 07:48 AM
    • The Oil Price Slide - Think Long-Term [view article]
      All that happened was,
      one or two hedge funds with huge short positions on oil,
      got margin calls and had to dump their shares.

      We are back to business as usual now,
      falling financials,
      falling market,
      rising oil.
      Keep an eye on US treasury notes.
      Traditionally they have been touted as a safe haven
      but some people are now saying they should be relabeled
      as junk bonds ....       Jul 29 05:37 AM
    • Banks: Is This the Biggest Bear Squeeze in History? [view article]
      one or two problems with your rosie scenario:
      Fannie, Freddy, and Uncle Sam are still bankrupt,
      and americans still want more oil than the earth can provide.

      It was a lovely correction
      but we're back on the main page today.       Jul 21 05:21 AM
    • Short Oil as a Long Investment [view article]
      have yo ever heard it said that
      sometimes its a better idea to keep your mouth shut
      and let people think yo are a fool
      than to open it
      and let them know for sure?       Jul 21 05:16 AM
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