bob the lover

Crude Inventories: Largest Weekly Build Since March 2001

gigem77,

I know that oil is subsidized in China- but my argument stands.

At some point the Chinese government will stop the subsidies. Oil at what cost- if it continues at a torrid pace past 150dollar per barrel- what chance does the Yuan have?

Inflation will decimate emerging markets if oil does not subside.
Americans have stopped driving SUV’s mass transit usage is up- Neither the Chinese government nor its citizens will continue to purchase oil at obscene prices.

Have you seen how small the cars are in Great Britain - mass transit in Europe is first rate. 10 dollar oil has made the Europeans extremely Spartan in their driving habits.

Demand destruction is real- and if oil continues upwards demand will drop from the emerging markets- because they won’t be able to afford it.

I ask- if the United States cannot afford 150dollar oil- how can the Chinese Yuan afford it?

Where Does Oil Go from Here?

Longoil,

I know that oil is subsidized in China- but my argument stands.

At some point the Chinese government will stop the subsidies. Oil at what cost- if it continues at a torrid pace past 150dollar per barrel- what chance does the Yuan have?

Inflation will decimate emerging markets if oil does not subside.
Americans have stopped driving SUV’s mass transit usage is up- Neither the Chinese government nor its citizens will continue to purchase oil at obscene prices.

Have you seen how small the cars are in Great Britain - mass transit in Europe is first rate. 10 dollar oil has made the Europeans extremely Spartan in their driving habits.

Demand destruction is real- and if oil continues upwards demand will drop from the emerging markets- because they won’t be able to afford it.

I ask- if the United States cannot afford 150dollar oil- how can the Chinese Yuan afford it?

Forget $100 a Barrel - Oil Will Plummet to $30

All the oil bulls love to mention how global demand will drive oil into higher and higher nosebleed territory.

My question:

If Americans can’t afford 140dollar oil- how can China and India afford it?
Once gas hits well over 4 bucks a gallon Americans stop driving.

If the average American can’t afford gas- how can the average Chinese driver afford it?
Last I checked it they don’t make as much as Americans do- where do you expect China and India to find all that cash to purchase oil at 150 and above?

Unless they wish to bankrupt their countries- I don’t see how they will continue to blindly and ravenously purchase oil at ever increasing prices.

Crude Inventories: Largest Weekly Build Since March 2001

All the oil bulls love to mention how global demand will drive oil into higher and higher nosebleed territory.

My question:

If Americans can’t afford 140dollar oil- how can China and India afford it?
Once gas hits well over 4 bucks a gallon Americans stop driving.

If the average American can’t afford gas- how can the average Chinese driver afford it?
Last I checked it they don’t make as much as Americans do- where do you expect China and India to find all that cash to purchase oil at 150 and above?

Unless they wish to bankrupt their countries- I don’t see how they will continue to blindly and ravenously purchase oil at ever increasing prices.

Where Does Oil Go from Here?

All the oil bulls love to mention how global demand will drive oil into higher and higher nosebleed territory.

My question:

If Americans can’t afford 140dollar oil- how can China and India afford it?
Once gas hits well over 4 bucks a gallon Americans stop driving.

If the average American can’t afford gas- how can the average Chinese driver afford it?
Last I checked it they don’t make as much as Americans do- where do you expect China and India to find all that cash to purchase oil at 150 and above?

Unless they wish to bankrupt their countries- I don’t see how they will continue to blindly and ravenously purchase oil at ever increasing prices.

WaMu and More: Uninsured Depositors Begging for Trouble

Wez, that might be the most inane thing I have ever heard.

This country doesn’t need anymore bank runs.
The economy doesn’t need more bank failures.

This country doesn’t need to see millions and millions of depositors waiting in massive lines because they are afraid to leave their funds in banks.

The truth is- if depositors don’t flee (run) then the banks won’t go under.
If depositors run on any bank en masse then that bank will fail.

No bank is immune to a run- and to purposefully call for (or cause) a bank run is at a very minimum instigating chaos- and it is also perhaps illegal.
Enter your comment here

WaMu and More: Uninsured Depositors Begging for Trouble

If you work for a corporation that has its payroll or large corporate account (above the FDIC limit) at WaMu and you want to get paid, you better get this message to corporate headquarters right away: WaMu Slumps as Gimme Credit Cites Liquidity Concern.
--^^^^___

He isn’t just telling retail depositors to withdraw WM funds-
He is ordering all workers to tell their bosses that they should Immediately change from WM into another bank for payroll!

He is flat out trying to scare corporations and workers that use WAMU for payroll purposes into leaving WAMU for fear that they won't get paid!

He is stating as fact: that if you use WM for payroll you won’t get paid!

This goes beyond the pale- it is entirely unacceptable.
Seeking Alpha needs to pull this piece of trash.

WaMu and More: Uninsured Depositors Begging for Trouble

if he is short WM or any of the other banks he NEEDS to disclose that fact.

I have reported this blog to WM, to the SEC, and to the FDIC.
i suggest everyone else do the same.

WaMu and More: Uninsured Depositors Begging for Trouble

Are you short any of these Banks?
i want you to read this from the FDIC:

FDIC learns it ignores bloggers at its peril
San Francisco Business Times - by Mark Calvey
Wednesday, July 23, 2008 - 1:13 PM PDT

The federal agency insuring bank deposits learned that it can't afford to ignore the blogs following its seizure this month of IndyMac Bank, the largest bank failure since the 1980s.

"The blogs were a bit out of control," Sheila Bair, chairman of the Federal Deposit Insurance Corp., told the San Francisco Business Times after a speech in San Francisco this week.

That's putting it mildly. Following the FDIC's takeover of IndyMac on July 11, widely followed blogs were speculating on bank runs on some of California's largest banks based on nothing more than people waiting for their branch to open or large deposits moving between financial institutions.

The FDIC plans to pay closer attention to the blogosphere in the future.

"We're very mindful of the media coverage and blogs in controlling misinformation. All I can say is were going to continue to stay on top of it," Bair said. "The misinformation that came out over the weekend fed a lot of depositors' fears."

The FDIC also plans to begin airing public service announcements as part of a public education campaign on the nation's deposit insurance program.

Although Bair declined to disclose financial institutions on the agency's troubled-bank list, she said most institutions on the list will survive. Some, though, may decide to team up with healthier institutions. Historically, only 13 percent on the troubled banks list actually fail, she said, adding that disclosing who is on the troubled list would likely boost the failure rate from 13 percent to 100 percent as customers pulled deposits.

Many are watching how some of the nation's largest banks will cope with their mortgage-lending woes, including Washington Mutual (NYSE: WM), Wachovia (NYSE: WB) and Cleveland-based National City (NYSE: NCC).

"These are challenging times for a number of institutions large and small," Bair said. "We've worked with them as their primary regulator. They've raised a lot capital, they're getting their loan loss reserves up. They're doing everything they can and should do."

"The capital is there to absorb the losses," she added. "Some will have some bad quarters, but still overall they're quite solvent, healthy institutions, and they'll get through this."


sanfrancisco.bizjourna...

Blogonomics: Market Manipulation?

The man LIED in order to illegally manipulate the stock price.
There is no excuse for this.

Pump and Dump
Short and distort
Trash and cash
Whatever you call it- it is illegal!

Either way and always it is blatantly illegally to yell fire in a crowed theater- and it is illegal to (fabricate facts and) flat out lie about a company- in the hopes that it will help your stock position be it long OR short.

Felix- shame on you!
There is NO excuse for you to try to exonerate someone that was trying to manipulate a stock through illegal means.

I have just lost a ton of respect for you- I question your ethics- and i wonder if you should even be writing about equities since you cannot see that this is clear cut case of illegal market manipulation.