G. L. Turner

Does Crude's Price Reflect Reality?

To Mr. Clark - the answer is simple - Govmad Sachs wants it to rise in price, keeps thier traders business hustling sheeple into their CIF. It's 'Good for Business'...as in their business. They have learned to play the crude and RBOB futures like a violin, moving up and down the pricing range based on their 'news leaks' and "analysis reports"...

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.

Noticed the Oil Backup?

Tobi, You are right on point!

Were Oil Traders Too Bullish?

Hmmm...Hardwood, you are usual on point! you wrote: "The best article I ever saw was written by two guys from Stanford who did an analysis that World Wide oil could be controlled with just $11Bln. Hum, so a market that has the power to destroy our GDP and economy can be controlled with just $11BLn. Now, I know we are all altruistic investors but what if some people got together and decided that they would sell the dollar short bid oil up and short the dow on the basis of the negative feedback loop would raise input costs to producers creating a margin squeeze then they would have to raise prices to consumers- thus killing the consumer. Now, how much money could be made off such a trade? Maybe we should ask Soros."

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??

Time to Short Oil?

as 'untrusting' says: "But as has been pointed out by numerous authors .... when you have Goldman Sachs and 2% of the traders (High Frequency Traders, quants, algos) trading between 50-70% of the entire daily volume on the market, you get that disconnect."

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!

Remember $20 Oil? Looks Like It's Coming Back

Verleger is "HOT AIR"!!!

Last year, his personal 'testimony' via a report for ole' Oil/banker Senator himself, Pete Dominci, to be read to counter Mike Master's accurate contention that financial, long investor 'speculators' were causing severe price mis-allocations in the futures market, said that - "$147 Oil was strictly supply and demand related..."

course if this had been the case, oil would NOT have turned on a dime so quickly crashed so fast last July like it did!

The only thing that could have done that was when the supreme greed meister, GOVERNMENT SACHS, had gottne everyone in the game and knew it was time to 'get out first' and decided to pull the plug by being the first "to short' in mid-June!!

OIL will run between $55 to $68 for the balance of 2009...providing that Gov Sachs doesn't buy up the new CFTC' this fall...

How Institutions Manipulate the Price of Oil

PBJ - Either you are profiting by trumpeting the mantra of the perpetuators of the manipulation, the greed meisters, or, you are just choosing to be blind to the truth. If the points you contend were valid, and therefore would be counter to the author's statements, then, the 'bubble' would not have been a 'bubble' and we would all be choking on oil at $150 plus and gas at over $6.

So, how do you square with the reality?

How Institutions Manipulate the Price of Oil

Itchy166 - There was no "peak oil" last year...surplus was building by early spring...they jsut didn't want you to know...ole Bush was putting as much into the SRP, as he could purchase...and get away with it.

How Institutions Manipulate the Price of Oil

All that MT said about GS and Oil and the CIFS (above) I was preachihg and faxing teh pols last spring. A few listened. Dorgan and Cantwell. MM and Prof G were also hard trying to convince as well as Tysom over at Public Citizens. But, now, a year later, after we have all been made believers by teh pain of reality, more and more are coming to teh cathedral of truth. Even ole Phil V, the 'expert', who declared Master's was insane, as much, adn contended that it had to be supply/demand, said just this week that it was Financial Speculation. Noticeable absent from the chorus, Dan Yergin, who obviously must have been under the control of his 'clients". He refused discussing his remarks with me last Sept. as he watcched the bubble bursting.

As to JeffDB above, there was more oil last spring than there was demand. Prices, having started up in late 2007, had already cut into demand. There was a great hoarding by the oil players to fill up their storage facilities all through the spring as the prices where rising, cutting into demand. It just took about 5 months before the surplus started to show up. Of course, the ginned up Gov. Sachs and JPM Squawk Talk on CNBC was keeping the myth going...

Where Will Oil Go From Here?

$74 -$78 thru this year...and after the global recession is lifted, upward to $84 to $88....all this by way of the Saudis....

Is Someone Playing With Oil?

I believe that GS and MS had "swaps" that they were holding from 6 mos/ April positions on a previous 'passive long investor' CIF client of theirs and 3 month 'swaps' for July. These were struck long at teh time based on their suggestions of, remember, Oil Going to $149 by early fall and $200 by the end of the year.

These guys were scrambling to get the price up from other gullible traders to help with the lay off, and to minimize perhaps some interesting losses...What was GS so fearful of about potential losses that they needed to convert to a bank holding company to get Fed Protection. Heck, they reproted profits fo rhte last quarter jut the other week??

THere is something very fishy, or more, been going on with these guys and commodity and oil trading and price promotion all year...and they have managed to escape the examining light of the CFTC and NYMEX...thus far.

Buried IAEA Report Could Give Oil a Big Boost

And that is just what we need to put the last nail the economy's coffin! We authorize Israel to strike Iran's Nuclear Infra and they sink a tanker in hte S of H. Oil skyrockets... Gee, this palys right into the hands of a "hot-headed" warrior that wants to assume the WH. I remember my comments after the saddleback forum..this ancient warrior will have us in 5 wars within his first year....
Help!!!!
Y

OPEC Sets $100 Floor for Oil

The Saudi Oil Minister, in a separte comment, said that they would "keep all customers well supllied, quota or no quota"....that comment was not publicized along with the main statement...Hmmm...

Maxwell's Oil Analysis

Yes, Oil will return to some new levels in years 3 - 5 out before the megaprojects and conservation and alternatives begin to kick in. But, your price speculation reasoning of $200 to $300, is most probably high as it is assuming that the $147 price that was reached briefly was a highwater mark based on some initial validity as to price fundamentals...It wasn't. The s/d fundas would have keep the pricing in the high $80's max even with the Iran/Putin stir up and China's 2004 demand spike. Nope, it was way high due to Goldman Sachs need to have their P L Investors make profits and keep investing - it was a runaway train...so, yes we'll see high prices, but not as high as the starting point will be based on reality, especially if the Commodity Spec Act is passed!

Will Global Events Keep Oil Above $100?

This article, finally, was right on spot!

One thing though, we have yet to get the titans of WS, who are intent on cornering the markets and manipulating trades between 5 trading facilites - juxtapositioning thier trades in manners that, if they were under a single regulatory body's full scrutiny, would be ruled illegal.

Certainly, this and the 'herd instinct' generating analyst reports they quickly proffer at each turn in the priceline, have got to fall in the realms of pricing manipulation, especially when you lean on the main financial media outlet to trumpet your higly speculative statements. Absolutely, this will insure the 'self-fulfilling prophecy syndrome' that you are trying so desparately to create cos' those Nov. futures contracts at $147 you own have got to get covered along with those swaps with similar dates approach - or, you will lose your shirts and pants too!
Yep, we are half there to below $100 oil.
We shall see.
Y

Where Does Oil Go from Here?

Ozzy, that was a clever one and so right on!

China and India, as well as most o fthe world have begun driving less...China will adding more new car/truck units so their demand for oil will stay in an upward trend, just not as robust...and thier growth estimares by our energy agnecies is based on more vehicles like we drive as opposed to the more energy efficient that they are purchasing.

The oil bulls are stilling lurking, having come back out from hidding, since the CFTC is in thier pocket and the Rep. Congress thinks that Com. Spec. is a myth. - See David Cho's article in Aug. 21 Wash. Post. - Specs control 70% of the market - mostly in the hands of 4 to 5 big groups...Only when Congress gets back and the heat is turned back up on them will we see the retreat to where Oil should slip jsut below $100 - this against an actual production cost of $75/barrel and against the fact that we still pull, or can pull, 1 million more barrels per day out of the ground than we are using - this is good for two more years....but, alas, the analysts and specs tell us that there is a potential for Atlantic based hurricanes to corss Fla. 3 times on its way to LA/TX gulf waters...give me a break, please. Thus, acording to Trader Ric Carbone and Sharon Apperson of CNBC we should talk each other into believing this is a good "possibiltiy' and we should raise oil some more. When will the insanity end and the spotlight move on so that real energy traders can once again trade and jump when Putin or Goldman Sachs tells them to...
Y