Investor612

Sarah Palin: Wall Street's Candidate

MCCAIN MAY BE A MAVERICK, BUT HE IS NOT A PATRIOT.
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I'm truly amazed someone was twisted enough to post that.

Sarah Palin: Wall Street's Candidate

"Despite his denials, it's a fact that McCain intervened on behalf of Keating to convince banking regulators to stall new investment regulations for banks."

That's a lie and you know it.

Bob Bennett, the Senate Committee lead attorney in the investigation was on TV tonight talking about how he found nothing with either John Glenn or MCCain, recommended that they be dropped from the investigation. The Democrat controlled committee refused because if McCain were dropped everyone left would be Democrats and it would be seen as a Democrat scandal. So Glenn and McCain both were reprimanded for the vague "poor judgement."

Sarah Palin: Wall Street's Candidate

"her lack of any kind of foreign policy experience, other than being commander of the Alaskan National Guard, would keep me up at night if she became President. I certainly would not want her answering the phone at two in the morning."

She may never be president and if she ever is, she'll have had some time in the #2 job to learn. The thought of Barack Obama having to answer the phone at 2 in the morning starting inauguration day is what should keep people up nights,

Will Global Events Keep Oil Above $100?

The president is an "idiot," but Jimmy Kingsdale who supports a socialist who openly proposes confiscating oil company profits to fund a rebate is one smart guy? Sorry, not buying that.

'Pickens Plan' Comes in the Nick of Time

I admire Pickens for trying to help his country. Some comments:

1. We don't need government mandates for high mileage vehicles. let the marketplace work. Government mandates will only make it more expensive and difficult for those who need high horsepower vehicles for specific purposes. The average mileage of vehicles being sold this year is much greater than last year and auto manufacturers are already busting their butts to meet the demand for vehicles that get more mpg.
2. Pickens plan is multifaceted-more nuclear,wind,solar, ng, more domestic drilling. 5% here, 2 % there,3% there ,4 % here and 5% yet somewhere else and pretty soon there's significant savings.
3. How about some painless conservation? Last week I did a little experiment on a 72.1 mile trip and back on the interstate using my 2002 Chevy Astro van. I chose that particular trip because there was little wind that day. Going there I set the cruise at 75, the speed limit. When I left I filled up taking care to top off the tank. When I arrived I again filled up again topping off the tank. I uswd 4.06 gallons for an average mpg of 17.8. My appointment was a half block from the gas station so going back the trip was 72.2 miles. Going back I set the cruise at 65mph and filled up at the same station I used when leaving. Again taking care to top off the tank I used 3.64 gallons which means I got 19.8 mpg. Quite a difference.
Simply lowering the speed limits to 65 on interstates, 60 on all other 4 lanes, and 55 on 2 lanes would lower gas consumption significantly, cut oil imports by at least 10%. That's 70 billion less a year in wealth transfer Pickens is talking about. The question is, are we Americans so spoiled and self-indulgent that we won't accept even a slight sacrifice and/or inconvenience?

The Oil Bubble Will Meet the Same Fate as Tech, Housing

Comparing oil to tech and housing isn't even apples and oranges, it's apples and rocks. The biggest difference is that there are severe supply constraints with oil that didn't exist with housing and tech. There are also global forces at work that increase demand among those who currently use little energy, and more inelasticity of demand with those who currently are large consumers.

Offshore Drilling Isn't the Answer - Supply and Demand Is

Apparantly any uninformed idiot can write a column on SA. "Dave" writes:

" Mr. McCain, for example, wishes to suspend the tax on petrol and open up the artice wildlife refuge for drilling."

Earth to "Dave": John McCain (wrongly IMO) has opposed drilling in ANWR and continues to oppose drilling in ANWR.

Next time take the time to learn the facts before inserting your size 10 shoe in your mouth.

Wonder if "Dave" will have the scruples to publish a correction?

Investing in Oil Prices, Not Companies

No doubt Mr. Levy realizes that the same argument he makes for regulating oil prices could be made to a number of commodities and products, from corn to wheat to steel to copper and so on. The problem with taking over markets by the self-anointed "enlightened" is that history has proven such socialism to be inferior to free markets when it comes to producing more of desired products at lower prices. Yet some continue to embrace the notion that government control really can do it better. Go figure.

Barron's Banks on $100 Oil

A quote from the Barrons' article:

"In the next decade, oil indeed may hit $200 a barrel. But prices could fall to $100 a barrel by the end of this year if Saudi Arabia makes good on its pledge to increase production; global demand eases; the Federal Reserve begins lifting short-term interest rates; the dollar rallies, and investors stop pouring money into the oil market. China raised prices on retail gasoline and diesel fuel by 18% Thursday, in a move that is expected to curb demand."

Hmmm.

IF Saudi Arabia increases production.
IF global demand eases
IF the FED raises rates
IF the dollar rallies
IF investor bullishness on oil cools

That's a lot of "IF's" to making predictions on.

Bye, Bye Oil Bubble?

Comparing energy prices to the tech bubble isn't even "apples vs. oranges." It's "apples vs. rocks." One is a necessity, the other a luxury. One sector has stocks selling at mostly under 20 PE's. The other had a majority of stocks with no earnings whatsoever.

Chistletoe makes a good point. The other day I heard a woman complain that she was astounded that a gallon of gas now cost as much as a Grande Latte at Starbucks. Shouldn't she be perplexed that a cup of coffee costs as much as a gallon of gas?

Energy Demand: China vs. the World

Exactly aquabiker. But when you're dealing with someone who actually thinks there is such a thing as a "world community" capable of concerted action you're wasting your breath

The 'Peak Oil' Myth: New Oil Is Plentiful

A very superficial and frankly silly analysis. Yes, lots of new reserves have been found. Reserves have actually grown. The flaw in making a simplistic conclusion on that increase is the different nature of the reserves. The recent finds are deeper and/or require more complex and costly measures to exploit. This increases the time it takes to produce from the new found reserves and decreases the rate of production once they come online.

T. Boone Pickens Remains a Fervent Oil Bull

T. Boone Pickens has "trouble distinguishing between speculative bubbles and turning points and has trouble calling turning points?"

I recently read T. Boone Pickens BP Capital made a cool billion and a half last year. I'd like to share in Mr. Pickens' "trouble."

Where the Oil Rally Goes: Facts and Speculation

$150? Likely in the near future. $200? Possible. Above $200? Unlikely. The combination of drivers cutting back and other forms of energy becoming competitive will put a lid on how high oil can go.

Emerging Markets' Oil Appetite to Exceed U.S. This Year

$200 oil? At some point other forms of energy become competitive and that will put a lid on how high it will go.