G. L. Turner's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/179796/comments http://seekingalpha.com/article/175198-is-local-actually-greener-than-global?source=feed#comment-778007 778007 Wed, 25 Nov 2009 22:13:35 -0500 http://seekingalpha.com/article/175002-high-gold-prices-it-s-the-oil-stupid?source=feed#comment-776152 776152
The reason that NG is not being used in the US is because Gov. Sachs has not figured out a way to control the 'global price' of NG - perhaps, its because this is a domestic resource that can't be manipulated through ICE.

Second: Since each beef steer consumes the equivalent of 155 gallons of gasoline in its short lifetime, and the American Public eats a huge amount of meat, to it severe detriment and that of the planet, on average and across the board - at least once every day...about 7 times the average amount around the globe - we if would just cut back our beef consumption by half...we would most probably cut our imports of foreign oil by close to half. This would substantially improve our health, save alot of money domestically (personal budgets/health carecosts) and reduce our foreign outflows by a significant amount as well as make a decent impact on carbon emissions...and most importantly, all this cost us nothing...

Go figure!]]> Tue, 24 Nov 2009 21:09:43 -0500
The reason that NG is not being used in the US is because Gov. Sachs has not figured out a way to control the 'global price' of NG - perhaps, its because this is a domestic resource that can't be manipulated through ICE.

Second: Since each beef steer consumes the equivalent of 155 gallons of gasoline in its short lifetime, and the American Public eats a huge amount of meat, to it severe detriment and that of the planet, on average and across the board - at least once every day...about 7 times the average amount around the globe - we if would just cut back our beef consumption by half...we would most probably cut our imports of foreign oil by close to half. This would substantially improve our health, save alot of money domestically (personal budgets/health carecosts) and reduce our foreign outflows by a significant amount as well as make a decent impact on carbon emissions...and most importantly, all this cost us nothing...

Go figure!]]> http://seekingalpha.com/article/174082-goldman-s-human-face?source=feed#comment-768424 768424
Let's see..."sins". Like it tkes only $9BN now to control the global price of oil via the Goldman Sachs Commodity Index funds and such. Now, $9BN is what about a third of this years bonus pool?...Wonder just how much of all those profits are made from oil and gasoline trades - trades that generated a large part of thier $10BN 3Q trading profits...which have, no doubt forced 95% of Americans to be paying $1 more per gallon of gasoline this year...

Oh, silly me, I forgot that $20 overprice per barrel that ol' Rex T said was "overpricing" was the dollar's fault....Wonder how often Rex and Lloyd "lunch and golf"????]]> Fri, 20 Nov 2009 00:35:28 -0500
Let's see..."sins". Like it tkes only $9BN now to control the global price of oil via the Goldman Sachs Commodity Index funds and such. Now, $9BN is what about a third of this years bonus pool?...Wonder just how much of all those profits are made from oil and gasoline trades - trades that generated a large part of thier $10BN 3Q trading profits...which have, no doubt forced 95% of Americans to be paying $1 more per gallon of gasoline this year...

Oh, silly me, I forgot that $20 overprice per barrel that ol' Rex T said was "overpricing" was the dollar's fault....Wonder how often Rex and Lloyd "lunch and golf"????]]> http://seekingalpha.com/article/174204-goldman-sachs-latest-initiative-business-plan-or-charitable-donation?source=feed#comment-768416 768416 and the CFTC, The Fed and the Treasury have yet to do anything about stopping this, and many other of their sins.

Very appalling, is how often they break the securiteis laws...and then after a couple of years, have made billions on the illegal action, negotiate a fine in the $40m to $70 M range, doing this numerous times - but, alas, this is a "calculated' 'cost of doing business expense' that they so arrogantly factor in - and yet they continue to get away with it...

When we put in term limits and bar the pols from taking corporate money, then maybe, we'll have a chance. Just remember, when a few corporations and heavy weights rule, America is on the skids...

PS- I have pretty much decided that Obama and Buffet are now part of the vampire squid sucking team....]]> Fri, 20 Nov 2009 00:22:11 -0500 and the CFTC, The Fed and the Treasury have yet to do anything about stopping this, and many other of their sins.

Very appalling, is how often they break the securiteis laws...and then after a couple of years, have made billions on the illegal action, negotiate a fine in the $40m to $70 M range, doing this numerous times - but, alas, this is a "calculated' 'cost of doing business expense' that they so arrogantly factor in - and yet they continue to get away with it...

When we put in term limits and bar the pols from taking corporate money, then maybe, we'll have a chance. Just remember, when a few corporations and heavy weights rule, America is on the skids...

PS- I have pretty much decided that Obama and Buffet are now part of the vampire squid sucking team....]]> http://seekingalpha.com/article/172797-the-global-oil-scam-50-times-bigger-than-madoff?source=feed#comment-756428 756428
Your follow up comment was very well stated, and describes the problem very well....hopefully some of these who are clinging to 'peak oil production' and speculators even each other out mantras will begin to see the light, as they pull their head out of the tar sands....]]> Wed, 11 Nov 2009 22:24:06 -0500
Your follow up comment was very well stated, and describes the problem very well....hopefully some of these who are clinging to 'peak oil production' and speculators even each other out mantras will begin to see the light, as they pull their head out of the tar sands....]]> http://seekingalpha.com/article/172797-the-global-oil-scam-50-times-bigger-than-madoff?source=feed#comment-756389 756389
Simply put, when Bush Allowed - actually "PUSHED" the 2005 Oil Mergers through so rapidly, WHICH WERE TRULY VIOLATION OF ANTI-TRUST LAWS - I remarked that we would be soon screwed at the pump...and yes, we soon were! I also begin to tune-in to CNBC, I could sense, via the GS "analysts" reports' that the MAYA was gushing full stream. It has all been a big greed conspiracy between the groups mentioned in the article and the Bush Admin in order to pull it all off.

ryanclarke and M Anthony, I have read many of your comments...The supply problems are a good ways off, the whole picture, and especially in your minds, is a function of falling prey to all the rumors and hype, and "prices come true" as have been demanded and engineered by GS et al over the last couple of years...SO PLEASE WAKE UP T TEH REALITY THAT WE ARE A GOOD $16 OVERPRICED TODAY, WITH ONLY $4 OF THAT BEING THE DOLLAR...

And Mike Masters et al. did the number crunching to help verify the problem...and yes, the $147 spike and drain off up to that point was the main culprit of the great global Recession, and another will be right around the corner if this greed cartel is not busted up soon!

Please, people DO FAX your Pols, we need the pressure!!]]> Wed, 11 Nov 2009 21:08:02 -0500
Simply put, when Bush Allowed - actually "PUSHED" the 2005 Oil Mergers through so rapidly, WHICH WERE TRULY VIOLATION OF ANTI-TRUST LAWS - I remarked that we would be soon screwed at the pump...and yes, we soon were! I also begin to tune-in to CNBC, I could sense, via the GS "analysts" reports' that the MAYA was gushing full stream. It has all been a big greed conspiracy between the groups mentioned in the article and the Bush Admin in order to pull it all off.

ryanclarke and M Anthony, I have read many of your comments...The supply problems are a good ways off, the whole picture, and especially in your minds, is a function of falling prey to all the rumors and hype, and "prices come true" as have been demanded and engineered by GS et al over the last couple of years...SO PLEASE WAKE UP T TEH REALITY THAT WE ARE A GOOD $16 OVERPRICED TODAY, WITH ONLY $4 OF THAT BEING THE DOLLAR...

And Mike Masters et al. did the number crunching to help verify the problem...and yes, the $147 spike and drain off up to that point was the main culprit of the great global Recession, and another will be right around the corner if this greed cartel is not busted up soon!

Please, people DO FAX your Pols, we need the pressure!!]]> http://seekingalpha.com/article/170442-thoughts-on-energy-trading-position-limits?source=feed#comment-743666 743666
Bottom line: University of Houston ...Hmmm (Sounds like Big Oil's Hihgh School.) and I wonder how much Wall Street Endowment also flows into the U of H. To the point, it was obvious just listening to hiim that he was working overtime then, to try and prove what he was to prove...that there was not such thing as TOO MUCH FINANCIAL SPEC money in the energy markets last year...yeah, when oil normaly would trade 10x normally, was was at the time trading 28 x in 30 days...Nah, it was all S/D, jsut like now!

How do you spell 'SHILL"?]]> Tue, 03 Nov 2009 22:53:50 -0500
Bottom line: University of Houston ...Hmmm (Sounds like Big Oil's Hihgh School.) and I wonder how much Wall Street Endowment also flows into the U of H. To the point, it was obvious just listening to hiim that he was working overtime then, to try and prove what he was to prove...that there was not such thing as TOO MUCH FINANCIAL SPEC money in the energy markets last year...yeah, when oil normaly would trade 10x normally, was was at the time trading 28 x in 30 days...Nah, it was all S/D, jsut like now!

How do you spell 'SHILL"?]]> http://seekingalpha.com/article/170628-money-managers-find-favor-in-oil?source=feed#comment-743661 743661
With that much money in there, it's a very big time bomb waiting to go off, either direction...jsut a question to see who wins, the hedggies are the MASTERS of GREED!]]> Tue, 03 Nov 2009 22:47:32 -0500
With that much money in there, it's a very big time bomb waiting to go off, either direction...jsut a question to see who wins, the hedggies are the MASTERS of GREED!]]> http://seekingalpha.com/article/169397-consumer-confidence-dips-due-to-jobs-and-the-price-of-oil?source=feed#comment-735059 735059
You have got to be a shill for one or several of these WS pariah!

Please get your facts straight instead of trying to lead us down some 'intended' path of maya.]]> Thu, 29 Oct 2009 02:47:13 -0400
You have got to be a shill for one or several of these WS pariah!

Please get your facts straight instead of trying to lead us down some 'intended' path of maya.]]> http://seekingalpha.com/article/168708-world-recovery-is-in-the-hands-of-opec?source=feed#comment-731787 731787
I have been faxing the Obama Admin and CFTC and key Senators weekly for almost two years now, especially my friend Mike M showed us the reality in the futures markets...

We are in a hell of a bind...here at home with our domestic speculators (GS, JPM, MS) ready and willing undermine our economy and future for thier own gain, and then whole new market giant (Asia) available to OPEC. (See Ron Hera's Article here today...)

We had better wake up and get our act together with reform/regs here and with a cogent, government led commodity trading policy that deals with securing oil (and other resources) for us, pronto...or we will see another speculator come after our economy - that of the Dragon, just as soon as they get the rest of the world to shift off the petrodollar as the reserve...

The future will be interest, with nowhere to hide....]]> Tue, 27 Oct 2009 00:03:55 -0400
I have been faxing the Obama Admin and CFTC and key Senators weekly for almost two years now, especially my friend Mike M showed us the reality in the futures markets...

We are in a hell of a bind...here at home with our domestic speculators (GS, JPM, MS) ready and willing undermine our economy and future for thier own gain, and then whole new market giant (Asia) available to OPEC. (See Ron Hera's Article here today...)

We had better wake up and get our act together with reform/regs here and with a cogent, government led commodity trading policy that deals with securing oil (and other resources) for us, pronto...or we will see another speculator come after our economy - that of the Dragon, just as soon as they get the rest of the world to shift off the petrodollar as the reserve...

The future will be interest, with nowhere to hide....]]> http://seekingalpha.com/article/168705-chinas-dragons-oil-gold-and-the-u-s-dollar?source=feed#comment-731774 731774
Kudos to You, Ron.
A brillant reading of the road map as the East Rises!

As we look at the events, globally, of 2008, and then recall of how proud those Asian faces looked on TV during the Olympics and see, vai this article, how closer the Chinese are to 'shifting' economic power, it is scary.

More interesting, all this was predicted in the 5K year olkd Mayan Calendar, that said the East would assume dominance, taking it away from North America, between 2008 and 2012.

This article is an indication that the prediction is fast becoming true....]]> Mon, 26 Oct 2009 23:44:30 -0400
Kudos to You, Ron.
A brillant reading of the road map as the East Rises!

As we look at the events, globally, of 2008, and then recall of how proud those Asian faces looked on TV during the Olympics and see, vai this article, how closer the Chinese are to 'shifting' economic power, it is scary.

More interesting, all this was predicted in the 5K year olkd Mayan Calendar, that said the East would assume dominance, taking it away from North America, between 2008 and 2012.

This article is an indication that the prediction is fast becoming true....]]> http://seekingalpha.com/article/168104-why-higher-oil-prices-are-not-a-threat-to-the-economy?source=feed#comment-726417 726417 Tight Money - Well, when high gasoline/oil/energy SUCKS boatloads of money out of our economy, THERE IS LESS money - WELL, that sounds like 'tight money' to me...

Let me see, if I put 50 cents more per gallon in my car this week than last Monday, WHICH IS EXACTLY WHAT HAS JUST HAPPENED, DO I GET 20% MORE MILES PER GALLON than I did last Monday for the extra money I just spent...AND DO I HAVE the $20 left over (per car) x 2 avg. per household x 4.3 weeks = @$180 less PER MONTH to spend on things that have some real value and put other people to work ?

NO, I don't.

So, since a penny per gallon sucks out $1.47 BN per year from the economy, money that could be used to create more jobs, but now, due to the forces in control, it actually goes into the hands of Gov Sachs, JPM , MS and the hedge funds you counsel...and then on overseas to foreign oil producers...well, I do not see any intrinsic economic value to me and my buds from this ridiculous speculation that has caused these pricing aberrations, not in sync with s/d fundamentals.

That 'the gasoline inventories last week reflected higher demand' - BS!

The oil companies cut back refining capacity significantly a couple of weeks ago as the price was drifting downward to $1.65 RBOB, as it should have been. BUT, Exxon did not like this and they called up Blankfein and says, Hey Bud, how about you guys jack up the markets again as we need to make more money...course, once this occurs, it has far reaching effects suppressing OUR ECONOMY as it sends dollars to a few already swollen Wall Street Pockets and a number of them 'over the pond'.

Things are greatly exaggerated now than before as per the huge amounts of monies now playing carelessly in the futures markets. The swings, and consequences of such, are much more harsh and severe now.

Oil right now today, should be @$69 - 70 based on the dollar and REAL S/D - RBOB should be $1.65-$1.70.

Remember last year's testimonies by Big Oils' CEOs..."we just need $65 per barrel for oil to make a good profit...which translates into $1.65 RBOB and retail from $2.00 to $2.50 depending on state. When the top taxed states hit $2.50 the week before last, that was it...things had to go back up and fast...and voila', they did...and Gov Sachs hath commanded that we MUST see $85 Oil this quarter...SO BE IT!, RIGHT?

The whole thing is a scam, now..controlled by a few greedy financial firms, adding NO VALUE to the natural Flow of Energy TRADING, but rather causing much pain globally. The basic economy needs cheap energy to recover and grow, especially since there is no manufacturing engine in the USA to really drive our growth. Our move to better fuel efficiencies will have to made by mandate - for the 'free market' will result in more wealth for Gov Sachs and ilk, and no future for the maid, the gardener and about 80% of the rest of AMERICANS. When we spent more for energy this simply translates into "more money SPENT for energy'...not more mileage, more goods or services purchased and obtained ! It actually means LESS!

Kudlow, in April 2008, when Oil had shot on past $100, said "it would not hurt the economy" - I scolded him - but within 75 days everything crashed - but he and the WS boys and Bush said we should blame it on housing and sub-prime...

Did anyone add up the losses on commodities in 3rd Q of all those WS firms we bailed out? NO, they only talked about the losses from credit deriatives and mortgages...(of the losses, there was about 30% due to commodity trading...)

(Guess that covers it and most of the comments, too!)
Good Day.]]> Thu, 22 Oct 2009 22:34:44 -0400 Tight Money - Well, when high gasoline/oil/energy SUCKS boatloads of money out of our economy, THERE IS LESS money - WELL, that sounds like 'tight money' to me...

Let me see, if I put 50 cents more per gallon in my car this week than last Monday, WHICH IS EXACTLY WHAT HAS JUST HAPPENED, DO I GET 20% MORE MILES PER GALLON than I did last Monday for the extra money I just spent...AND DO I HAVE the $20 left over (per car) x 2 avg. per household x 4.3 weeks = @$180 less PER MONTH to spend on things that have some real value and put other people to work ?

NO, I don't.

So, since a penny per gallon sucks out $1.47 BN per year from the economy, money that could be used to create more jobs, but now, due to the forces in control, it actually goes into the hands of Gov Sachs, JPM , MS and the hedge funds you counsel...and then on overseas to foreign oil producers...well, I do not see any intrinsic economic value to me and my buds from this ridiculous speculation that has caused these pricing aberrations, not in sync with s/d fundamentals.

That 'the gasoline inventories last week reflected higher demand' - BS!

The oil companies cut back refining capacity significantly a couple of weeks ago as the price was drifting downward to $1.65 RBOB, as it should have been. BUT, Exxon did not like this and they called up Blankfein and says, Hey Bud, how about you guys jack up the markets again as we need to make more money...course, once this occurs, it has far reaching effects suppressing OUR ECONOMY as it sends dollars to a few already swollen Wall Street Pockets and a number of them 'over the pond'.

Things are greatly exaggerated now than before as per the huge amounts of monies now playing carelessly in the futures markets. The swings, and consequences of such, are much more harsh and severe now.

Oil right now today, should be @$69 - 70 based on the dollar and REAL S/D - RBOB should be $1.65-$1.70.

Remember last year's testimonies by Big Oils' CEOs..."we just need $65 per barrel for oil to make a good profit...which translates into $1.65 RBOB and retail from $2.00 to $2.50 depending on state. When the top taxed states hit $2.50 the week before last, that was it...things had to go back up and fast...and voila', they did...and Gov Sachs hath commanded that we MUST see $85 Oil this quarter...SO BE IT!, RIGHT?

The whole thing is a scam, now..controlled by a few greedy financial firms, adding NO VALUE to the natural Flow of Energy TRADING, but rather causing much pain globally. The basic economy needs cheap energy to recover and grow, especially since there is no manufacturing engine in the USA to really drive our growth. Our move to better fuel efficiencies will have to made by mandate - for the 'free market' will result in more wealth for Gov Sachs and ilk, and no future for the maid, the gardener and about 80% of the rest of AMERICANS. When we spent more for energy this simply translates into "more money SPENT for energy'...not more mileage, more goods or services purchased and obtained ! It actually means LESS!

Kudlow, in April 2008, when Oil had shot on past $100, said "it would not hurt the economy" - I scolded him - but within 75 days everything crashed - but he and the WS boys and Bush said we should blame it on housing and sub-prime...

Did anyone add up the losses on commodities in 3rd Q of all those WS firms we bailed out? NO, they only talked about the losses from credit deriatives and mortgages...(of the losses, there was about 30% due to commodity trading...)

(Guess that covers it and most of the comments, too!)
Good Day.]]> http://seekingalpha.com/article/167478-gasoline-and-diesel-fuel-prices-scaring-investors-in-time-for-halloween?source=feed#comment-723420 723420
What Bob is citing above is "the way it is suppose to work" - you know, natural industry (inventory tax) and seasonal cycles.

The problem ow is this...GS, JPM and MS and seen how they can corral as little as $9BN and situated it in the energy futures market and then sit back and move the price up or down...have you noticed how the Oil and Gas has moved smoothly in cycles of $10 - $63 to $74, and RBOB between $165 and $2.07, in 2 to 4 week swing directions since March..all the time the fundamentals not changing, but with 'excuses' derived form any and all upticks in economic news or mild swings in the currency? See, this alows for them to 'push' up the prices based on these tidbits for two weeks, and then short back the prices after others have flowed in, leaning back on the s/d funda argument for a couple of weeks...only to do it all over again the next month...Just like paying a sweet violin.

How do you like the concert America, just when you are struggling to get back on your feet and the price of gasoline is the fastest and best way to either help or hurt 95% of all Americans, Government and Small to Mid-size business...
Time for this sad song/concert and now new business style to go away!

Where is our CFTC regs we were promised by Obama?....Getting short on patience with that dude too, now.]]> Wed, 21 Oct 2009 10:17:49 -0400
What Bob is citing above is "the way it is suppose to work" - you know, natural industry (inventory tax) and seasonal cycles.

The problem ow is this...GS, JPM and MS and seen how they can corral as little as $9BN and situated it in the energy futures market and then sit back and move the price up or down...have you noticed how the Oil and Gas has moved smoothly in cycles of $10 - $63 to $74, and RBOB between $165 and $2.07, in 2 to 4 week swing directions since March..all the time the fundamentals not changing, but with 'excuses' derived form any and all upticks in economic news or mild swings in the currency? See, this alows for them to 'push' up the prices based on these tidbits for two weeks, and then short back the prices after others have flowed in, leaning back on the s/d funda argument for a couple of weeks...only to do it all over again the next month...Just like paying a sweet violin.

How do you like the concert America, just when you are struggling to get back on your feet and the price of gasoline is the fastest and best way to either help or hurt 95% of all Americans, Government and Small to Mid-size business...
Time for this sad song/concert and now new business style to go away!

Where is our CFTC regs we were promised by Obama?....Getting short on patience with that dude too, now.]]> http://seekingalpha.com/article/167565-the-secret-paulson-goldman-meeting?source=feed#comment-723346 723346
Surely you're not that naive or jaded by the profits"!
Do you work for Gov. Sachs?

These guys are 'legal' crooks in my opinion. As Matt T pointed out...they constantly break the law - get fined and pay such every couple of years...but, this is just a slap on the wrist and is calculated in the equation as a "cost of doing business".

You dont go year in and year out making the bread these guys do, and there isn't this growing and constant 'talk' about GS without there being some major truth to the accussations. They "own" the senate now and the Treasury and apparently the SEC and CFTC too.

Until these pariah are shut down, our country will continue to look like the Russin Landscape with strong arm 'bosses' in the back rooms, pols and these guys, making a killing at he top and driving the rst of the country into poverty...step back and look closer...it is there..
Go Andrew!]]> Wed, 21 Oct 2009 09:44:54 -0400
Surely you're not that naive or jaded by the profits"!
Do you work for Gov. Sachs?

These guys are 'legal' crooks in my opinion. As Matt T pointed out...they constantly break the law - get fined and pay such every couple of years...but, this is just a slap on the wrist and is calculated in the equation as a "cost of doing business".

You dont go year in and year out making the bread these guys do, and there isn't this growing and constant 'talk' about GS without there being some major truth to the accussations. They "own" the senate now and the Treasury and apparently the SEC and CFTC too.

Until these pariah are shut down, our country will continue to look like the Russin Landscape with strong arm 'bosses' in the back rooms, pols and these guys, making a killing at he top and driving the rst of the country into poverty...step back and look closer...it is there..
Go Andrew!]]> http://seekingalpha.com/article/165918-jim-rogers-on-the-next-10-years?source=feed#comment-713488 713488
Guess what? The Mayan Calendar predicted this "shift to the East" of "global energy"..(power, wealth and influence) a couple thousand years back...to occur, get this - at this very point in time. Winter, 2012 is the tipping point of the ppwer shift from West to the East...

Pondr that.]]> Mon, 12 Oct 2009 23:27:48 -0400
Guess what? The Mayan Calendar predicted this "shift to the East" of "global energy"..(power, wealth and influence) a couple thousand years back...to occur, get this - at this very point in time. Winter, 2012 is the tipping point of the ppwer shift from West to the East...

Pondr that.]]> http://seekingalpha.com/article/165459-crude-oil-and-gasoline-prices-like-dj-vu-all-over-again?source=feed#comment-713468 713468
If you listened to CNBC this AM (Oct 12th) you would have seen how they are "back in the game of being GS and JPM's shills" (including Kilduff) again to promote higher OIL, Gasoline, Diesel and Heating Oil prices....I had to call them and complain...YES, the energy markets are now controlled by a few WS firms...it only takes $9B to control the global price of oil in the markets...That is not much money ofr these firms and a few of their hedge fund clients to poney up and move the market...

Also, I thought the GS' Murti rolled out the "promotional" $150 to $200 prediction in early May of 2008, setting up the push towards the $147 high, a high that stop at that point as a result of the sense that teh rally was over since the golden boys had already slipped moved mid-June with the "big short", a month ahead of their 'sheeple clients' realizing that "something had happened" to the dream...but, we had a shadow culprit - "sub-prime" to point to divert attention. Hmmm.]]> Mon, 12 Oct 2009 22:52:13 -0400
If you listened to CNBC this AM (Oct 12th) you would have seen how they are "back in the game of being GS and JPM's shills" (including Kilduff) again to promote higher OIL, Gasoline, Diesel and Heating Oil prices....I had to call them and complain...YES, the energy markets are now controlled by a few WS firms...it only takes $9B to control the global price of oil in the markets...That is not much money ofr these firms and a few of their hedge fund clients to poney up and move the market...

Also, I thought the GS' Murti rolled out the "promotional" $150 to $200 prediction in early May of 2008, setting up the push towards the $147 high, a high that stop at that point as a result of the sense that teh rally was over since the golden boys had already slipped moved mid-June with the "big short", a month ahead of their 'sheeple clients' realizing that "something had happened" to the dream...but, we had a shadow culprit - "sub-prime" to point to divert attention. Hmmm.]]> http://seekingalpha.com/article/163559-fisking-scientific-american-on-peak-oil?source=feed#comment-694876 694876
It is absurd to say the the world hit peak oil last year when oil hit $147/barrel. Supply was increasing ahead of demand that had already begun to fall...

Rather, that is exactly what those "financial engineers" on WS and down in Houston wanted you to believe, and you do.

The reason oil dropped so quickly from mid-July to Dec. is that the perpetrators of this myth had decided that it was just too risky to continue to promote their nonsense, given the political heat that was building and the hearings that were underway.

It would be a shame if "their games" really were exposed, for then we might just get some real regulation, then "the game" would not be able to be played again this year, and the next, and the next....

So, they shorted, made huge profits on the down side....and were back at it this year, even as Gensler putzed around threatening regulation changes while he dragged his feet and delayed real action.

We won't see those high prices in the near term due to constraints in supply. Rather, we will see them again soon only because of no changes in margin requirements and little to NO transparency in the futures markets..
That's a lot of specualtive profit to see slip away...so ]]> Mon, 28 Sep 2009 23:54:22 -0400
It is absurd to say the the world hit peak oil last year when oil hit $147/barrel. Supply was increasing ahead of demand that had already begun to fall...

Rather, that is exactly what those "financial engineers" on WS and down in Houston wanted you to believe, and you do.

The reason oil dropped so quickly from mid-July to Dec. is that the perpetrators of this myth had decided that it was just too risky to continue to promote their nonsense, given the political heat that was building and the hearings that were underway.

It would be a shame if "their games" really were exposed, for then we might just get some real regulation, then "the game" would not be able to be played again this year, and the next, and the next....

So, they shorted, made huge profits on the down side....and were back at it this year, even as Gensler putzed around threatening regulation changes while he dragged his feet and delayed real action.

We won't see those high prices in the near term due to constraints in supply. Rather, we will see them again soon only because of no changes in margin requirements and little to NO transparency in the futures markets..
That's a lot of specualtive profit to see slip away...so ]]> http://seekingalpha.com/article/163637-why-i-m-skeptical-about-asset-allocation?source=feed#comment-694862 694862 Here I am back here again.

"Agree with Mike Masters, as he was right and Gov. Sachs and kin were wrong..."
They weren't wrong...they were creating the pricing scenario/bubble that the shills were claiming were s/d fundamentals.
Who do you think was the first to short in June 2008, ahead of the other funds that crashed in the downdraft starting the next month.]]> Mon, 28 Sep 2009 23:21:30 -0400 Here I am back here again.

"Agree with Mike Masters, as he was right and Gov. Sachs and kin were wrong..."
They weren't wrong...they were creating the pricing scenario/bubble that the shills were claiming were s/d fundamentals.
Who do you think was the first to short in June 2008, ahead of the other funds that crashed in the downdraft starting the next month.]]> http://seekingalpha.com/article/156756-does-crude-s-price-reflect-reality?source=feed#comment-635853 635853
To Mr. Big - In studying the movement of OIL and RBOB daily for the last two years...the value of the dollar relative to Oil Prices is very overrated. This, too, was a "handy urban myth" that was used to divert the 'real gaming' going on last year and again this year...

Last June (2008) the value of the dollar was, according to the IMF testimony in Congress, accountable for about $10 premium, max, on the price of crude - that takes it from $80 to $9- at the most...not teh $147 it was heading too...

Today, Oil should be $58 - $61 and RBOB, which is not really an international commodity, $1.55-60 max. Yet, you'd think that the dollar effected this price by $.50.]]> Tue, 18 Aug 2009 22:25:06 -0400
To Mr. Big - In studying the movement of OIL and RBOB daily for the last two years...the value of the dollar relative to Oil Prices is very overrated. This, too, was a "handy urban myth" that was used to divert the 'real gaming' going on last year and again this year...

Last June (2008) the value of the dollar was, according to the IMF testimony in Congress, accountable for about $10 premium, max, on the price of crude - that takes it from $80 to $9- at the most...not teh $147 it was heading too...

Today, Oil should be $58 - $61 and RBOB, which is not really an international commodity, $1.55-60 max. Yet, you'd think that the dollar effected this price by $.50.]]> http://seekingalpha.com/article/152102-commodity-investors-hedging-habits-not-new?source=feed#comment-607409 607409
Some good points and insight - but it just helps to substantiate the fact, as I have contended for over 18 months, these guys were able to put themselves in such a place that they could make money coming and going. The idea that hedgers should stay long in the commodity markets is fundamental to GS' strategy for make their whole scheme work - in their favor (their bank account), and is a huge obstacle to the proper functioning of the markets for the participants who really need them to work. Further, the net result of long index money in commodities is to drive inflation up, artifically, at the expense of the American People/Economy - and, which at a certain point up the ladder, becomes a 'bubble' and leads to a crash...hurting many.

There is absolutely nothing of value for long players to just be swapped in and out with a 'rollover' by some financial powerhouse, when the net result will inevitable be that many will lose a lot and just a few will profit.

One finally word of caution: it's called the "ONE LAST SUCKER THEORY"...those that come late to the party late and plop down long positions will certainly get burned!!

How many hedge funds and pension funds, that were 'wooed' into the index funds in long positions by certain 'analysts' predicitons of $200 Oil, are NOW NO LONGER HERE?? ]]> Wed, 29 Jul 2009 21:44:36 -0400
Some good points and insight - but it just helps to substantiate the fact, as I have contended for over 18 months, these guys were able to put themselves in such a place that they could make money coming and going. The idea that hedgers should stay long in the commodity markets is fundamental to GS' strategy for make their whole scheme work - in their favor (their bank account), and is a huge obstacle to the proper functioning of the markets for the participants who really need them to work. Further, the net result of long index money in commodities is to drive inflation up, artifically, at the expense of the American People/Economy - and, which at a certain point up the ladder, becomes a 'bubble' and leads to a crash...hurting many.

There is absolutely nothing of value for long players to just be swapped in and out with a 'rollover' by some financial powerhouse, when the net result will inevitable be that many will lose a lot and just a few will profit.

One finally word of caution: it's called the "ONE LAST SUCKER THEORY"...those that come late to the party late and plop down long positions will certainly get burned!!

How many hedge funds and pension funds, that were 'wooed' into the index funds in long positions by certain 'analysts' predicitons of $200 Oil, are NOW NO LONGER HERE?? ]]> http://seekingalpha.com/article/152082-when-goldman-might-have-failed?source=feed#comment-607389 607389
Let's add to your comments the fact that GS successfully engineered the $147 Oil Frenzy, stuffed their Index Fund Participants into it, at their peril since they were one of the first to short oil in June, ahead of the rest of the sheeple. Their own in-house accounts did just fine, mind you...

Add to this, the fact that apparently almost, if not, each year GS routinely steps over the boundaries and incurrs fines and penalities from the government, but actually just plans to run aground as they look at this as a "routine cost of doing business", a cost to the multibillion dollars they rake in when stepping out of bounds..

Yes, GS (and Big Banks), Big US Oil, Big Ins and Big Pharma have got to go...

Look, these are the 4 Biggest Lobbying Groups in the US - and here are where our ills lie....]]> Wed, 29 Jul 2009 21:24:01 -0400
Let's add to your comments the fact that GS successfully engineered the $147 Oil Frenzy, stuffed their Index Fund Participants into it, at their peril since they were one of the first to short oil in June, ahead of the rest of the sheeple. Their own in-house accounts did just fine, mind you...

Add to this, the fact that apparently almost, if not, each year GS routinely steps over the boundaries and incurrs fines and penalities from the government, but actually just plans to run aground as they look at this as a "routine cost of doing business", a cost to the multibillion dollars they rake in when stepping out of bounds..

Yes, GS (and Big Banks), Big US Oil, Big Ins and Big Pharma have got to go...

Look, these are the 4 Biggest Lobbying Groups in the US - and here are where our ills lie....]]> http://seekingalpha.com/article/151480-the-abcs-of-oil-manipulation?source=feed#comment-605781 605781
And, you have 'been in the trenches' and know of that which you speak...this is exactly what I was telling the Dem Congress last year, try telling the Reps, but hey, you know who they march to...

Now, can we get this info through to Obama and Gensler??

Can we get the greed meister's out of teh markets and government too and get back to having markets and an economy that works for all of us?]]> Tue, 28 Jul 2009 18:25:37 -0400
And, you have 'been in the trenches' and know of that which you speak...this is exactly what I was telling the Dem Congress last year, try telling the Reps, but hey, you know who they march to...

Now, can we get this info through to Obama and Gensler??

Can we get the greed meister's out of teh markets and government too and get back to having markets and an economy that works for all of us?]]> http://seekingalpha.com/article/151944-oil-price-outlook-steady-as-she-goes?source=feed#comment-605709 605709
However, to that the Financial Speculators will add the 'value of the dollar'....greatly exaggerated of course, and - "and I disbelieve that commodity speculation is a sticky factor, so my oil forecast for 2010 is based solely on fundamentals." - (your statement) will not hold up, cause Government Sachs will se to ti taht we have "COMMODITY SPECULATION" divorced from real supply/demand fundamentals...

So, don't get too happy too soon!]]> Tue, 28 Jul 2009 18:02:21 -0400
However, to that the Financial Speculators will add the 'value of the dollar'....greatly exaggerated of course, and - "and I disbelieve that commodity speculation is a sticky factor, so my oil forecast for 2010 is based solely on fundamentals." - (your statement) will not hold up, cause Government Sachs will se to ti taht we have "COMMODITY SPECULATION" divorced from real supply/demand fundamentals...

So, don't get too happy too soon!]]> http://seekingalpha.com/news/market_currents/post/29113?source=feed#comment-605703 605703
He is runninng for cover already -

Wonder if ol's Lloyd is coming to "BROWBEAT" him too, threaten his pension, or something...

BTW, Donahue's testimony, is, as was similar to Newsome's last year...not exactly carrying a smell of reality to it...

and, the CME and ICE want to regulate their markets themselves - position limits and margins, (this is code for granting exceptions) -
like they "will insure" that we don't see the 'manipulation' (legal or not) that occurred last year and the likes of such we are seeing this spring..

Give me a break - our country/economy is in the toilet because we are allowing the wrong players with the wrong ideals to run things...

The biggest 4 Lobbys run the country - and they are at the center of our biggest economic/social ills...

Wake up sheeple!!

]]> Tue, 28 Jul 2009 17:56:19 -0400
He is runninng for cover already -

Wonder if ol's Lloyd is coming to "BROWBEAT" him too, threaten his pension, or something...

BTW, Donahue's testimony, is, as was similar to Newsome's last year...not exactly carrying a smell of reality to it...

and, the CME and ICE want to regulate their markets themselves - position limits and margins, (this is code for granting exceptions) -
like they "will insure" that we don't see the 'manipulation' (legal or not) that occurred last year and the likes of such we are seeing this spring..

Give me a break - our country/economy is in the toilet because we are allowing the wrong players with the wrong ideals to run things...

The biggest 4 Lobbys run the country - and they are at the center of our biggest economic/social ills...

Wake up sheeple!!

]]> http://seekingalpha.com/article/151612-was-the-aig-bailout-a-goldman-bailout-by-proxy?source=feed#comment-605688 605688
and rightfully so.

GS' ( JPM's ) Oil market manipulation of 2008 and even this spring..needs investigating too...!]]> Tue, 28 Jul 2009 17:48:08 -0400
and rightfully so.

GS' ( JPM's ) Oil market manipulation of 2008 and even this spring..needs investigating too...!]]> http://seekingalpha.com/article/151940-the-proposal-to-limit-commodity-positions-will-hurt-free-markets-and-economic-growth?source=feed#comment-605664 605664
Your closing sentences are meant to be inflammatory and are not indicative of the truth: "The assumption that the government can accurately determine value or steer prices towards a “correct” range is absurd. While it is important to make sure that one player or group of players cannot buy up all of the supply and then hold resources hostage (known as “cornering” a market), the oil and natural gas market is large enough to make this virtually impossible."

This is not waht the regs are needed for - The Gov. Is not trying to determine the value, not is it trying to steer prices- rather it needs to ensure that the markets are working for the benefit of the producers/users...not the Financial Houses that DO NOT CARE if the economy/markets work properly or not, so long as they make huge profits...these guys are so dollar focused that they have 'lost their way'.

Further, the collaborative efforts of GS, JPM and a few others have been very instrumental in 'moving prices', and then shorting the markets they helped to gin-up, quite well, thank you. (Sheeple investors, beware-)

So, in writing what you have, it is not really based on reality...

That is like the those two Republican Fortune Tellers - Bush & Cheney - telling us that the Un-contested mergers of the former US Big Oil Companies in 2004 (8 consolidating down to 3), followed by their ENRGY ACT of 2005 was going to be good for competition and the American Consumer...

Yeah right - let's see, with the small exception of 3.5 months earlier this year, since mid-2005, gasoline has been almost double to triple what it was prior to the mergers, and will trend to at least 'double and more' going forward, ever since the mergers and EA. (RBOB is now an Index play too along with Oil..)

So, give us a break, Index Funds, "Analyst Reports" broadcasted across the CNBC landscape, and people who confuse properly functioning futures markets with regulated markets, dark markets, etc. - pollute the real functions that the economy needs from the commodity markets...

Not wanting to see the TRUTH doesn't mean it 'ain't so'!]]> Tue, 28 Jul 2009 17:24:07 -0400
Your closing sentences are meant to be inflammatory and are not indicative of the truth: "The assumption that the government can accurately determine value or steer prices towards a “correct” range is absurd. While it is important to make sure that one player or group of players cannot buy up all of the supply and then hold resources hostage (known as “cornering” a market), the oil and natural gas market is large enough to make this virtually impossible."

This is not waht the regs are needed for - The Gov. Is not trying to determine the value, not is it trying to steer prices- rather it needs to ensure that the markets are working for the benefit of the producers/users...not the Financial Houses that DO NOT CARE if the economy/markets work properly or not, so long as they make huge profits...these guys are so dollar focused that they have 'lost their way'.

Further, the collaborative efforts of GS, JPM and a few others have been very instrumental in 'moving prices', and then shorting the markets they helped to gin-up, quite well, thank you. (Sheeple investors, beware-)

So, in writing what you have, it is not really based on reality...

That is like the those two Republican Fortune Tellers - Bush & Cheney - telling us that the Un-contested mergers of the former US Big Oil Companies in 2004 (8 consolidating down to 3), followed by their ENRGY ACT of 2005 was going to be good for competition and the American Consumer...

Yeah right - let's see, with the small exception of 3.5 months earlier this year, since mid-2005, gasoline has been almost double to triple what it was prior to the mergers, and will trend to at least 'double and more' going forward, ever since the mergers and EA. (RBOB is now an Index play too along with Oil..)

So, give us a break, Index Funds, "Analyst Reports" broadcasted across the CNBC landscape, and people who confuse properly functioning futures markets with regulated markets, dark markets, etc. - pollute the real functions that the economy needs from the commodity markets...

Not wanting to see the TRUTH doesn't mean it 'ain't so'!]]> http://seekingalpha.com/article/151047-gasoline-inventory-to-sales-ratio-is-demand-stabilizing?source=feed#comment-601617 601617
In the meantime, the head of the CFTC stands by watching his former cohorts give it to us all in the backside - again and again and again...and yes, as Karen Consumer stated so vividly, there is much less demand, and mcuh more pain out here on the Main Streets of the world. And the WH is draging its heels of reg reform!
]]> Sat, 25 Jul 2009 00:25:46 -0400
In the meantime, the head of the CFTC stands by watching his former cohorts give it to us all in the backside - again and again and again...and yes, as Karen Consumer stated so vividly, there is much less demand, and mcuh more pain out here on the Main Streets of the world. And the WH is draging its heels of reg reform!
]]> http://seekingalpha.com/article/151204-noticed-the-oil-backup?source=feed#comment-601614 601614 Sat, 25 Jul 2009 00:16:52 -0400 http://seekingalpha.com/article/150743-were-oil-traders-too-bullish?source=feed#comment-600472 600472
So, let's ask further, who got some extra pocket change from Mr. Paulson a few months back - I believe it was some $13BN channeled through AIG's rescue...so we could lay off $11BN in the oil futures trade and use the other two between shorting the dollar and the Dow...and this was money that was 'supposedly already lost'...so it makes real good dice-rolling dough, right?

Hmmm...wonder who has that kind of pocket change??]]> Fri, 24 Jul 2009 00:50:33 -0400
So, let's ask further, who got some extra pocket change from Mr. Paulson a few months back - I believe it was some $13BN channeled through AIG's rescue...so we could lay off $11BN in the oil futures trade and use the other two between shorting the dollar and the Dow...and this was money that was 'supposedly already lost'...so it makes real good dice-rolling dough, right?

Hmmm...wonder who has that kind of pocket change??]]> http://seekingalpha.com/article/150835-time-to-short-oil?source=feed#comment-600467 600467
Yep, ole Gov Sachs has become quite adept at leader alot of sheeple into these rallies, most of them their clients, and then taking a short position for their "in-house" positions...raking it ina fter getting the fees for placing thier clients in the mix...

Oh well, another day at teh office for the Greed Meisters, as the rest of the world burns.

My next question is this - Does Exxon and Conoco call up ole Lloyd and ask if they can up their refining capacity or should they lower it and for how long? The RBOB up and down, in the face of fundamentals that suggest it should be around $1.55, is quite a hoax at best. Some sheeple are going to get creamed better on these rallies....again!]]> Fri, 24 Jul 2009 00:37:44 -0400
Yep, ole Gov Sachs has become quite adept at leader alot of sheeple into these rallies, most of them their clients, and then taking a short position for their "in-house" positions...raking it ina fter getting the fees for placing thier clients in the mix...

Oh well, another day at teh office for the Greed Meisters, as the rest of the world burns.

My next question is this - Does Exxon and Conoco call up ole Lloyd and ask if they can up their refining capacity or should they lower it and for how long? The RBOB up and down, in the face of fundamentals that suggest it should be around $1.55, is quite a hoax at best. Some sheeple are going to get creamed better on these rallies....again!]]>