G. L. Turner

High Gold Prices: It's the Oil, Stupid

Re: Natural Gas -

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!

Crude Oil and Gasoline Prices: Like Déjà Vu All Over Again

It is good to see that the majority of posters here have "finally caught on"...save Saildog and yank...

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.

Is There a Bounce Opportunity in the Energy Sector?

Why do the dimwitted Republicans think Obama and the Dems are going to tax the Oil companies to death..give me a break...What they will do is remove the give away tax the Bushie Boy insisted they have in 2005 'for developing alternative' fuels/sources of energy - that THEY HAVEN"T DONE...The oil companies make reasonable normal profits, based on returns on sales, but they just rake in so much money based on volume but it seems obscene.

Oil Sensitivities

The OIL PRICE PROBLEM is huge - the inflation is jsut getting started - think about this - it will cost you twice as much to live in late 2009 than it did in summer of 2007 - get that 'double' in just 28 short months - food, fuel, electricity/nat gas/ heating oil and insurance and medical bills - add up all the base essentials and these numebrs be will double...all the in the face of a recession/deep one - we have a confluence of energies underway that is the 'perfect storm' for a major upset of our lifestyle...
and the pols are sittin' onthier butts - and the Bush admin change teh rules for reporting inflation - had too...isn't that obvious...
Waht a losuy admin we have in the WH fo rhte last 7 years...