TARP

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3 Comments

    • ON: Mon Oct 6th 10:59 AM
      Commented on:
      TARP Is Just the Beginning - Barron's
      More like Trouble Asset Revisited Problems - note: "trouble" not "troubled" This thing is not over by a long shot!!
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    • ON: Thu May 15th 01:28 AM
      Commented on:
      Where Does Oil Go from Here?
      It makes no difference who's long or short. The reason why crude is so high is because the producer/supplier national are not pumping enough for the demand...It's not that the demand is out pacing the supply. It's more that the suppliers do not want to meet the demand so prices will rise. Remember back in the 80's when Bush Sr. went into Iraq because they were burning the oil wells by the thousands in Kuwait. Think about it, there was no alternative fuels like today. There was black skies of oil soot traveling to China, Europe and the Middle East for months and every ship with crude from the Middle East has to have a military escort. But the price of oil was between $27 - $30 a barrel because the Saudi's increased their output to over 80% with ease. Today we have Nigeria no producing due to war. We have Chile with strikes and Chiaves laying off 20,000 oil workers just to stop the output no doubt (He and Bush really are partners. The devil is in the details). And the US is buying millions of gallons of oil off the market to add to the largest reserves in the world. Oil demand is down -95,000 barrels in 2008 but the prices keeps rising.

      I tell you when the oil producers decide they made enough money they will pump more oil and the price will drop like hot lead into butter. The North Sea stopped the 70's fake oil shortage. OPEC stopped IRAQI one from high oil prices. Clinton stopped OPEC from rising prices just before he got out of office and just by threating to release oil reserves. Russia, The North Sea, USA, Chile, Nigeria and the Middle East are holding back while oil prices keep rising. The alternative fuel that will stop it all Hydrogen the most abundant substance in the universe is at our doorstep. The oil whores know it and are charging all they can while they can.
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    • ON: Wed May 7th 03:04 AM
      Commented on:
      How Much Worse Can It Get For Oil?
      Let us look at this oil thing with real eyes. Most oil producing nations are not increasing their output capacities. Iraq, Iran, England, USA, Venezuela and Nigeria to name a few. At the same time USA is buying oil off the open market. All the oil experts are saying demand is increasing - especially in China and India.

      Does anyone remember back in Iraq war I when The Saudi increased their output capacity to 80% and keep oil prices down around $27 barrel? I do. And I wonder why it seemed so easy back then and now it's so difficult to increase capacity.

      Another point is today we have so many alternatives to oil as a fuel back then we had none yet the Saudi were able to single handedly keep oil prices down to $27 a barrel while the oil fields in Kuwait were burning by the thousands. So much so that the sky was turning black and traveling across the Middle East and Europe and Africa. Yet the price of oil was $27 a barrel!!

      Think!!! people this is all a ploy...

      Any oil jerk can create a war in an oil producing nation and keep the oil from flowing. Any oil jerk can create a worker strike in a producing nation by taking oil worker rights away. Any oil jerk can start a war in another oil nation like Nigeria and keep further oil off the market.

      And only an oil jerk would buy oil off the market to add oil to the world's largest reserve supplies.

      But all that really doesn't bother me as much as the many oil jerks who follow the program by creating logical reasons to explain why oil prices should be at $200 a barrel.

      Give me a break they want gas prices between $5 to $7 a gallon and natural gas prices to go higher because alternative means is upon us and their share will be much smaller very very soon.
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