Brian Pursley

SEC Bans Shorting Financials

I guess Paulson and Bush are jealous of the authoritarian powers in Pakistan and chose to immitate the Taliban by banning short-selling.

Here is a chart of the pakistan stock market before and after imposition of short selling ban: admin.minyanville.com/...

By the way, today was the biggest emerging markets rally in 20 years. Guess which country didn't participate? The only one that banned short-selling, namely Pakistan.

Are Short Sellers to Blame for the Financial Crisis?

Funny how when we get a stock market bubble, noone blames the longs for a "crisis" or bans long buying.

SEC Bans Shorting Financials

This is absolute fascism. The Communist oligarch Paulson only stepped in once the shorts started to pile on Goldman and he was losing his net worth. Everyone knows it.

But I guess it's all my fault that Bear, Lehman, and AIG failed. Its all my fault, I am so sorry I short stocks. Pff. These Communists masquerading as Republicans should be tried for treason and executed.

Peak Oil - Are We There Yet?

In response to Allen Fuller,

I say oil is renewable because it is. See Eugene Island and the other wells that are refilling.

As far as discoveries having peaked 40 years ago I presume you are a cult disciple of Deffeyes, Campbell, and Simmons. They are wrong. The third biggest oil field in world history, Sugarloaf/Carioca, was only discovered in December of 2007.

Why did the US peak more than 35 years ago? Because that's when the radical environmentalists started their political engineering. The US peaked by design not by geology. We've only been drilling offshore in 2 states.

How come this peaking pattern is seen in field after field and nation after nation around the world? What peaking pattern? Brazil and Russia certainly haven't peaked. I suspect it's because drilling isn't illegal there. Just a guess.

No such thing as so-called "fossil" fuel. In the history of the universe fossils have never miraculously or magically evolved into complex hydrocarbons: oilismastery.blogspot..../

Peak Oil - Are We There Yet?

This article is wrong in so many ways I don't even know where to begin. Oil is renewable. Hydrocarbons do not take millions of years to form and whoever taught you that should go take a highschool level chemstry class. I can make hydrocarbons in the lab using only iron oxide, marble, and water (no fossils required), and it doesn't take millions of years. Why is the amount of oil a given? Do you really think you are omniscient? Yes we can increase reserves and we do so every year.

"Peak Oil theory is garbage as far as we’re concerned." -- Robert W. Esser, geologist, 2006

Russian Oil Is Worth the Risk

I learned about Putin from Litvinenko and I don't invest with managements I don't trust. That said, the modern Russian-Ukrainian theory of deep abiotic petroleum origin has enabled Russia to become the number one petroleum producer in the world. If I was Russian and my interests were in line with the former KGB's 5th Directorate, the FSB, and the Uzbek heroin mafia, I might have no moral problems investing in Gazprom and Gazprom Neft.

Oil? What's Oil?

Deflation.

Brazil and Petrobras Are Awash in New Oil

Marc, no such thing as fossil fuel. In the history of the universe, fossils have never been made into fuel. Ever: www.gasresources.net/D...

It's impossible because it would violate the Second Law of Thermodynamics: www.gasresources.net/T...

Natural petroleum can only be formed at pressures above 30 kilobar which corresponds to a depth of 100 kilometers deep in the earth's mantle: www.pnas.org/content/9...

No biological molecule can survive in the mantle.

Petrobras Looks More Compelling Than Ever

Scott, we are well aware that they are two different countries however Lula Da Silva wants to be the next Chavez. Thus they are analogous.

Petrobras Looks More Compelling Than Ever

The nationalization and Chavez talk is what has created this buying opportunity. I believe the Bolshevik rhetoric is meaningless and the risk is political hype.

Why I'm Closing Atwood Oceanics

So you just piggyback whatever trades the latest hedge fund blow ups are liquidating at the moment? Nice strategy. What will you do when they are gone?

Petrobras: Great for Brazil, Not So Great for Shareholders

I can assure you Transocean is well exposed to Brazil:

money.aol.com/news/art...

www.forbes.com/afxnews...

www.bloggingstocks.com.../

Unconventional Energy Still Attractive - UBS

Define unconventional.

Energy Independence: It's About Demand, Not Supply

Excellent point about energy independence referring specifically to oil, however increasing domestic supply is the only possible solution. Decreasing demand is not realistic or a solution since hydrocarbon demand will never go away despite the beloved alternatives. Oil is used for everything, not just transportation fuel.

Oil: The Inconvenient Truth

Fitz: Since you have no problem with CO2, I hope we all enjoy the emissions. It's plant food. Greenhouses are good for the environment.