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The Global Oil Scam: 50 Times Bigger than Madoff

Mr. Gould, XOM CEO Tillerson was on CNBC (yeah i know garbage show:) he was asked about oil and pricing, he had a quite simple opinion (and it works against him so honesty can bite) he said basically: --->the world currency squabble has about $20-25 of bloat in the price of oil.

that makes perfect sence given all the guru's known to investing are also long oil and few were long oil in 2000.

$wtic hasnt been acting /charting in a normal fashion of late, i kept running across oil stocks to short,,, which didnt make any sense to me at the time,, so i just bought way out puts and 'forgot about it',,,,but now i do wonder if major players as noted in Mr. Davis' report here concerning ICE volume flow is now being unwound at the time of the year to do so with the most bidders possible. meaning GS or whoever may be OUT of the oil run up and ICE/CME are the benefactor either way because they only facilitate the transactions not hold as inventory the underlying products/commodites.

i am not a fan of GS,,,but Mr. Davis story had be thinking all day,,,,i took a gamble and bought GS near close, posted at 175.75 in real time on the net and i am long ICE,,,,,i will look for more puts in selected oil companies (i wont aim for xom because of the Ceo Tillerson honesty aspect)

my point to posting to you Mr Gould instead of Mr. Davis, is because if all of this comes to fruitation, you will be the sheeple with your conspiracy theory remark and Mr Davis will be more respected for his 'eyes wide open' thinking.


On Nov 11 07:56 PM Denis Gould wrote:

> I thought conspiracyplanet.com was blocked by our IT firewalls

The Global Oil Scam: 50 Times Bigger than Madoff

below is a news item from Nov 7, 2007,,,,,,,what i want to know is why/how/who is selling oil so cheap. would i be 'out of line' to suspect an entirely clear market exists on the outside of the digital market?

yesterday, some traders and i were talking about UNG vs $natgas....i said my guess is $natgas is priced in digital quote and the extremely low ratio with UNG is both 'costs and ACTUAL delivery,,,,...reflecting that quite possibly,,,natgas has 'lost demand for delivery' ,,,,,which can be explained with some electrial companies using natgas for energy (think a/c at a time everyone was laying off or cutting back on top of growth of solar.)

anyway,,, there is a disconnect and i am just throwing out some ideas.


UPDATE 1-Canadian heavy oil sells at $50 discount-Frontier
Wed Nov 7, 2007 3:30pm EST


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By Robert Campbell

NEW YORK, Nov 7 (Reuters) - Independent oil refiner Frontier Oil (FTO.N: Quote, Profile, Research) said Wednesday it has purchased Canadian heavy crude oil for January delivery at a massive $50 discount to WTI prices.

Frontier chief executive James Gibbs told analysts the company had done deals for 8,000 barrels per day of Canadian heavy crude at $50 under WTI. Gibbs said Frontier had been paying around WTI minus $45 for December Canadian heavy oil.

"We have bought crude for December delivery at $45.25 and $45.75 under WTI. I just found out (today) our first batches of Canadian crude were bought at $50 under," Gibbs said on a conference call following the company's quarterly results.

"We are going to run every single barrel of heavy Canadian crude we can get our hands on."

Gibbs said the large discounts were due to a surplus of oil in Alberta and limited pipeline space to move it to market.

"I'm reluctant to call it a glut -- but definitely an over-supply situation on the heavy side that has been emerging for a few months now or related to insufficient pipeline take-away capacity for heavy crude in Canada," said Martin King, energy commodities analyst at FirstEnergy Capital in Calgary.

Approximately 32 percent of the crude Frontier processed in its two refineries in the third quarter was heavy crude, Frontier said. The company expects to increase this proportion to 44 percent in the fourth quarter.

Frontier operates a 110,000 barrels per day (bpd) refinery in El Dorado, Kansas and a 52,000 bpd plant in Cheyenne, Wyoming. (Additional reporting by Scott Haggett in Calgary; Editing by Marguerita Choy)

Mother of All Short Squeezes?

excellent writing! been saying its only a matter of time before the berlin boys find the bigboy stocks far more liquid and profitable on naked shorting. and with the reg sho factor, it shows the fed/sec only cares when it impacts their stock options lmao. we are gonna get to witness a market without shorts waiting for bull exhaustion to wipe out down the road. next the berlin boys will just move to other sectors,,,,,our fed/sec can not control 'the global markets',,, oil has proven that.