Anguished

The Global Oil Scam: 50 Times Bigger than Madoff

I wonder if this is one of those wrong things Blankfein referred to, caught, say sorry, but continue anyway because they can't stop ICE, its outside US borders.

Banks Are Failing, So They Are Changing the Rules

We can short their shares, buy put options!

What China's Stock Market Implosion Means for Oil

I think we should worry more about american oil consumption and its impact on oil price when the Us stock market crashes in the coming quarters, rather than somewhere else. So far, Us subprime has barely hit 20% and US is in recession, imagine what happens when the Alt-A, ARMS, credit cards and corporate bonds start to default in the coming quarters.

Americans consume 30% of global oil production, china accounts for less than 5%. Oil prices would really feel the pain when US enters the second phase of the credit deleveraging.

Its a bit the wrong question, but correct answer.