GrapeApe

Too Late to the Oil Party? Consider the Alternative

I was with you all the way until you took a direct stab at Dick Cheney. Was it really necessary to attack a politician in an article like this?

Financial Fears Sweeping the Globe

Wow. 20,000??!! Even with a raging bull market it should take years to get to that number from 12K.

All I can really say to that is I disagree.

Lesson From China: A Swift Decline in Commodities Could Happen

Lex Luz: Although your clarification may be completely warranted, there is no need for an attack on the commenter's writing skills.

Oil Hits New Record - Is $125 Next, or $100?

I believe that oil with make it to $120/barrel then begin a slow (probably very slow) drop over the next few years. The reasons will be due to the following:

1. The US economic troubles are beginning to affect other nations' economies as well, cause global demand for oil to go down.
2. Oil is becoming the "get rich quick" item and small-shop oil derrick owners, etc. are starting to bring back online oil gathering equipment not used in years. The amount of oil any one can contribute is minimal, but the sum total could notably drive up supplies, thus lowering prices.
3. New oil reserves are being found now that there is such an economic benefit to spending the capital to look for them, and we could soon have much more oil reserves available to drill for that we have had in history.

I think the prices will eventually (again, very slowly) settle at around $85 then begin another multi-year bull run.

JPMorgan Buying Bear Stock on the Open Market at $10+

If JPM owns more than 50% of BSC, then they can virtually guarantee that they can own it all at roughly $10/share.

They apparently want BSC real bad.

Traders Using Financial Turmoil to Manipulate Stocks

I have figured for a while that unknown (unchecked?) insider trading has been taking place, but now I am beginning to believe that it is RAMPANT.