G. L. Turner

Jim Rogers on the Next 10 Years

Pssst....

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.

Is Excessive Speculation in Oil and Commodities Markets Actually Occurring?

OH, another mouthpiece ofr the OIL?GS group was Phil Verleger, a longtime "OIL ANALYST". He said all last year that $147 OIL was pure S/D...he had said we'd see $125 at some point after 2010...

I challenged him, he insulted me and Mike Masters too, who he shiiled some crazy contra-leter for old Pete Domenci, one of OIL and GS' best buds...and Dan Yergin, another expert, who would not answer my e-mails last Septemeber, when I challenged him about his teatimony that it was all pure S/D, as we watched the $147 melt to $100 and lower...

They were part of the Bush/Cheney/Paulson/GS team designed to keep Congress from getting position limits in place, a move that 'would shut down the party'....

And, here we are again!

Just the facts, jack!!

Is Excessive Speculation in Oil and Commodities Markets Actually Occurring?

I watched this guy's fancy-worded testimony last year and re-read it. I gaged then and I AM GAGGIN' tonight. It sounds fancy, but it is just his way of walking you around the truth by having you get lost in the weeds of scientific jargon...most of which don't truly relate to WHAT DID Happen.

Wake Up! THIS PROF works at the UNIVERSITY of HOUSTON...GET THAT? The U of H. You know, a school bought and paid for by -

Guess Who? The American Consumer - NO,

The US BIG 3 OIL COMPANIES - a seriously heavy BUSH/Republican Group. ...YES!!!

Pirrong appeared to be nothing more than an OIL Backed Republican SHILL at that hearing. He refused to be candid with reality! Now, he is at it again. He most probably recieved a call suggesting that this article appear at this time.

Last year, Gov. Sachs, JPM and MS ran the futures disaster. Oil Execs testified that OIL should be $65 - that was all they needed...(That was March- May, by June they had 'discovered that maybe $90 was a good numer, thought they were surprised at it and the $125 to $145 that they were witnessing.)

However, this spring, the Big 3 got their 'in-house' Oil/RBOB trading desks to get in on the casino with GS and kin. Why do you think the relationship of RBOB to OIL Price moved up to 30 to 35 cpg from previous years? They needed MORE PROFITS - nothing else was happening...Oil sort of followed GASOLINE this spring.

Interesting that this 'Prof" shows up when the real energy traders, who once again have come to their senses and have look real s/d facts in the face over the last 4 EIA Weds, and 3 weeks, have decided to drop RBOB 42 cpg in short order.

GS, who was telling us oil would be $85 by year end 3 weeks ago, saw the real traders - who are tired of these Greed Meisters disrupting the 'real trade' of the hedgers, who need these markets to work properly - stepped up and have decided now to take the prices down to reality. Many are now calling for REGS, POS Limits and more transparency.

Wonder if GS bailed earlier a week or two ago, when it realized that people were not buying their bs this time around? Coincidental to the EIA data and the turnaround in the eco/recovery stats in the last 60 days, Matt Taibbi's article (stuff we said last year) appears two weeks ago and finally, the some of the other non-believing, but hurtin' faithful, start to see just what the hell has been going on.

And so now, well, oops - the slippery slope of a bursting bubble once again appears in late JUNE/EarlyJuly 2009, just like last year...

So, to the wordy Mr Pirrong I say: "you tried to dazzle us with your high falutten, scientific bs last year, and here you are trying to do it again...Go, trot yourself back into your OIL IVORY TOWER Office over there at OIL U, replete with select WS supporters and Republican PARTY OILMEN, and tell whoever told you to try and pull this on us again - "THAT WE AIN"T BUYING IT THIS YEAR"!

Hey, didn't we just witness another 'financial spec' run this spring, just like last year...only a much smaller, but equally painful result...??

Real SUPPLY and DEMAND never suugested that OIL should be above $60 this spring, and, as I told the WH in March - $1.50 RBOB for 2009 was all that was justified...!!

GT

Oil Futures: It's Not Manipulation, It's Stupidity

Correction: meant 2008 year on profits and taxes...
sorry for the typing inversions. its 2:30 AM...

Oil Futures: It's Not Manipulation, It's Stupidity

My Friends - Finally, this spring, many of you are 'seeing the light'!

for several years, the bush/Cheney/Paulson/Gov Sachs regime dupe the American People, the American Investing Community, the Media and basically, most of the global population and economies.

Their 'experts' told us that it was all supply/demand fundamentals. Yes, they hand one hand in the tub and the other on the faucett.

We didn't have a chance. From the moment Bush/Cheney walked the 2005 US Big OIL company mergers through completely around the Justice Dept. Anti-Trust did not exist in the B/C era, unless you were on their hit list...)

As gasoline has been somewhere between double to triple from just prior to the first merger in late 2004, our purchasing power has been sucked dry to the tune of over a $Trillion, going either into the pockets of Big Oil, Big Wall Street or to a favor few overseas selling us oil.

Regulators were told to 'look the other way'. Half of the Congress was told to stand and fight against truth, all the while helping themselves graciously to oil, GS and WS banks' lobbying money. Get all you can, because the "joy ride" will be over in late June, 2008! Yes, the Bush stimulus would 'pay for the last round of $4 gas' and GS would led a select few out the back door with their pre-emptive short of oil in June 2008 for the July oil contract, having made money every which way from fees to CIFs to owning a refinery and a trading arm. All the time giving 'the Street and its public mouthpiece, Kudlow and the shills at CNBC,
"their WISE and Brilliant Investment advice" - Yep, that there OIWELL am gonna go to $200, so $147 is a sure bet...better get on the BUS...we're leaving in a few...(Beware: Driver has been known to jump off after pointing bus towards cliff while joy riders party!)

Same thing just happened the last 60 days....as to the OIL and Gasoline Futures with teh same ole W/S crowd.

Friends, Stupid are those sheep (funds) who haven't learned that Government Sachs and Pals only give investment advice that serves their pocketbooks....period.

Speaking of Government - Kudlow rails that we don't need Corporate taxes - highest in the world. Almost. Let's see - in 2009, Gov Sachs made $2.3Bn, a real 'of-year'...and paid only $14 million in taxes! Let's see, they were a TARP bank too, receiving $10 BN in near 0% money, right???

The people who are against regulation and fair and reasonable taxes, etc. are those who are 'gaming' the system and know that transparency, enforcement of fair regs and markets, will only upset thier manipulative ways and 'dominance by coup', instead of excellent business instincts and practices!

Is the Commodities Bull Market Over?

The prices in commodoties began to retreat significantly in early June - this was a result of the spotlight beginning to be focused on several key price provokers - namely 4 notable WS Frims, who had, over the last 4 years engineered the CIFs and had talked a lot of Pension Money,etc. into moving into the area. When Congress started pushing the CFTC to take a look, the heat was getting too close...and the Managers of the Pension Funds, etc. who had been enticed into playing the 'passive long commodity investor' game suddenly began to realize the damage their 'asset allocations' were causing to the global economy and the other 98% of their portfolios. So yes,"Investor Sentiment" did change as these fund managers begin to wise up and start to exit theri long positions....add to this the laying off of radical "ginned up" 'analysts reports' and saber-rattling by Bush/Iran/Putin, and things 'shifted' by mid-June. The outflow on monies begin to move back into the stock portfolios and the dollar finally had a chance...so the 'perfect storm' of factors that were driving high prices was reversed and they are working in favor of the other direction...yes, the 'manipulated bubble' was burst.
However, get ready, the bad boyes of WS jsut bought inot the new Dubai Oil Futres Exchange - now they can begin to 'manipulate' beyond the reach of the CFTC shortly....
Round II begins early next year.
G