G. L. Turner

Consumer Confidence Dips Due to Jobs - And the Price of Oil?

Ferndinand, to claim to be such an expert, you constantly show your bias and ignorance, Just read the article in SA yesterday (or the day before) about the amount of hedge fund/GS/MS/JPM money ("managed money") that had poured into long positions in just the last 3 weeks.

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.

World Recovery Is in the Hands of OPEC

The SECOND Best article in a while...both here today....

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....

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.

Link Between Large Oil Price Changes and GDP: It's Not What You Think

In the initial rise in oil prices, in normal times - meaning that the GS CIF and other manipulation is not the main driver - the price of oil is reflecting the expansion of the economy, as it should. However, as one commentor suggested, and as I think too, a more appropriate look-see would be to examine the next 2/3 Qs that followed, and see what actually happens. Also, maybe 20% is the pinnacle as to where oil can rise in a 'growth tandem' with the economy, oil prices helping to support GDP - "to a point!"

My question then, what is the effect on GDP when oil continues to rise above the inflection point of 20%.

In my business, I see a rather large knee-jerk reaction to a 50 cent rise in gasoline prices, and have rolled up and down since mid-2005, following Bush's OIL COMPANY mergers, that have pushed us to a doulbling to tripling price tier ever since the mergers. Many business start to feel such pinches, gradually...however, 50 cents in gas does not necessarily translate, or stem from a 20% rise in oil....

Crude Will Reach $100 by December 2009

The "Model" was - well, let's jsut say interesting...but not convincing...

1) the US cannot handle $65 plus oil at present...
2) the US has already 'gagged' at RBOB over $1.50 in the last 60 days, as I have been faxing the Obama Admin and Congress, for over two months now, to explain to them this simple point - and the last 30 days stats are in line with what I have predicted all along...
3) Finally, we are seeing the 'rise in awareness' of just insidous the Government Sachs team, along with Big Oil, are in cahoots to control and squeeze any economic lifeblood out of the economy/recovery...
Read Matt Taibbi's article in the latest Roolingstone, if you haven't, a must..and please write or call Congress...

No More GS and Break up Bush's Big Oil Mergers...

and then we might see "real oil/gasoline" prices--

and Oh, BTW,

These two groups have manged to increase teh price of gasoline to oil this spring by about 30 cents/gal over where it has normally been...

Sad, isn't it...

GT