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  • Big Oil Under Serious Threat [View article]
    The generally accepted consensus amongst scientists is that the earth is 5 billion years old + or - .5 billion years. Is there a consensus amongst climate scientist today that the earth had more CO2 in the atmosphere in the past than it does now? I'll ask my own question with an unequivocal YES!

    It is a generally accepted consensus amongst scientists that the earth has had at least 4 ice ages in the past but no one can say for sure because ice ages tend to destroy evidence of what happened in the past. Consensus has it that there could have been as many as 7 ice ages.

    My point is that you and your scientific community have no clue what is causing a rise in CO2 levels on earth. You have no clue what has caused it is the past and have no clue what is causing in now. Just that it has risen in your trivial life times and your group of brainiacs are curtain at the expense of disrupting all economics of the world and all of human progress to date based a Popperian guess.

    You say you have scientific consensus from most of the scientists of the world. Yet I have heard that at least 31,000 other scientists not in your group have signed a counter consensus that you and your scientists are wrong! So what is the consensus that your group is wrong. Where is your chart on that. A chart is worth a 1000 words. Right?

    May 10 09:48 AM | 27 Likes Like |Link to Comment
  • Wall Street Breakfast: Condensate Leaves U.S. Shores As Industry Demands Export Guidelines [View article]
    To paraphrase a statement from Margret Thatcher... This is what happens in Socialist economies when you run out of other people's money. Sadly Argentina was one of the biggest economies in the early 20th century. South and Central American governments should pay attention. Then again maybe so should those in North America.
    Jul 31 06:59 AM | 22 Likes Like |Link to Comment
  • Bipolar Prana: PBT2 For Alzheimer's Dementia, Implications Of The Upcoming IMAGINE Trial Results [View article]
    This security is definitely not for the faint at heart. Bought a ticket and am long PRAN. Life is short and full of risks but someone has to fund the research for all of us that are close to forgetting why we are doing this.
    Mar 1 08:03 AM | 16 Likes Like |Link to Comment
  • In victory for oil industry, EPA proposes lower renewable fuel quotas [View news story]
    We need to do away with ethanol all together. It was a bad idea when Bush signed it. It is bad for the environment. Bad for cars. It benefits no one but a bunch of crony farmers that should be spending their time and efforts growth food for people and livestock.

    There is an oil production boom in America. We don't need ethanol. While we are at it we should do away with the EPA and the Department of Energy. They cost tax payers too much and are doing more harm than good to the country's economy.
    Nov 15 07:07 PM | 11 Likes Like |Link to Comment
  • The big tech selloff that's occurred over the last few weeks has resulted in valuations for many large-cap names once more falling to historically low levels. Here are some trailing P/Es for prominent large-caps, none of which take into account net cash and investments: Intel (INTC): 10.6. Microsoft (MSFT): 10.3. Apple (AAPL): 13.7. Google (GOOG): 15. Cisco (CSCO): 9. IBM: 13.6. EMC: 14.7. Dell (DELL): 6. H-P (HPQ): 5.1. On the other hand, Facebook (FB) still has a trailing P/E of 64.5.  [View news story]
    Cash is king... and the companies that have it are royalty. They need to spend it wisely. The companies above should not increase their dividends. They should look for opportunities to acquire good assets that will strenghten their positions in the market place before the economy turns around which will happen as soon as America gets leadership in the executive branch and the Senate that knows what the hell they are doing. In the meantime I plan to keep a large cash position until the bottom falls out of the market which it is already showing signs it's doing.

    America is in deep trouble and in need of some REAL "Hope & Change" !
    Jun 1 10:06 PM | 9 Likes Like |Link to Comment
  • Ford (F) will tackle one of its biggest challenges this summer when it offers lump sum payout offers to 98K retired workers in an effort to reduce a staggering $49B pension liability. Though it's uncertain how many ex-employees will take the deals, the move could help improve Ford's credit rating even further into investment-grade territory. Shares -0.6% premarket. [View news story]
    Aristiphones you need a little work on the fundalments of accounting. I hope you didn't learn this in the Greek school of economics? I won't go into the details, but the trouble with the Automobile industry in America is the negative relationship with Unions, excessive government regulations, and the past poor company management that made long term concesses to labor unions for short term profit gains and bonuses. Now those decisions are a ball and chain to competitiveness of Ford, GM, and Chrysler. Mullaney at Ford understands this and is trying desperately to fix this for the survival of the current labor force, the investors and the company.

    Union Pension liability is killing the automobile industry. Cash and the ability to generate it is the only real asset that investors care about. Plants located in states that do not support the right to work are also liabilities more than assets even though even in Greek accounting they may be considered an asset.
    May 31 08:32 AM | 9 Likes Like |Link to Comment
  • Is It Time To Sell Out Of High-Yielding Transocean? [View article]
    As soon as the War on Oil goes away in this country off shore oil exploration will rebound. A stalled economy can run on solar energy and flashlight batteries. However, when the engine of the American economy starts up and begins to run on all cylinders it will need something more. It won't be windmills.

    Last time I looked we were told the world was running out of energy. Now private industry has figured out better ways to extract oil from new and existing sources without government interference. These new technologies will go viral and spread worldwide and Transocean will be there and so will I. Long RIG at these prices and waiting for the failed policies of socialism and the people that think it will succeed to go away.
    Feb 20 08:27 AM | 8 Likes Like |Link to Comment
  • WSJ: Barrick Gold investor wants director Anthony Munk out [View news story]
    Gee... Politics at ABX at a similar level at Washington DC. Who knew... Operations of both are completely dysfunctional. Perhaps both need the same remedy. Clear the swamp and start over. It may not be an altogether bad thing. Nepotism at any public organization is usually not a good thing. Perhaps it is time to give the shareholders what they want. How badly could the performance of ABX be with a new board and a fresh competent management team to drive a leaner / meaner company forward in a difficult commodity market?
    Jan 14 08:16 PM | 8 Likes Like |Link to Comment
  • Google (GOOG) discloses chairman Eric Schmidt plans to sell 3.2M Class A shares, or 42% of his stake in the company, over the course of 2013 through a Rule 10b5-1 trading plan. The sale will encompass nearly 1% of Google's outstanding shares, and 3.2% of their voting power. (8-K[View news story]
    Google is finally breaking out of the funk it has been in over the last several years. It is very disappointing to hear that Schmidt is cashing in such a large block of stock at this time. This is the same bull shit that caused me to dump all my Microsoft shares years ago. Microsoft had not traded over $31 share because whenever the market bids up the stock price Gates and Balmer and other senior management take turns cashing out options and grants. Why should these guys care about capital growth and investor interests when you can cash in 3 million shares at $785/share? Mike Dell cashed out $17 billion from DELL over the years and when DELL stock is in the tank he steps in and screws the retail investors by bidding with Microsoft to take his old company private for another round capitalization at investor's expensive. These guys are all greedy pigs!

    If Google's stock price is hurt by this move I will cash out my long position and move my investment to better opportunities. What is the use of investing in a growth company if the stock price stays is a perpetual trading range never increasing because the principles keep the price in a lower trading range by increasing the circulation in the outstanding shares?
    Feb 8 08:45 PM | 8 Likes Like |Link to Comment
  • Big Oil Under Serious Threat [View article]
    @bill kennedy

    I totally agree only I would leave out the "cordially" adverb. Soros enjoys screwing with the political and economic environments of countries because he "Likes it" and it has proved to be extremely profitable for his hedge fund especially when he gives his money to leftist politicians to gain power and influence. It is they the leftists that are most susceptible his manipulation when they gain power over the country's treasury and the economy. He uses them as useful idiots in the name of compassion manipulating them to gain insider information to make huge long and short investments to make $billions with no regard to the economic health of the country or its people. He really is a Capitalism of the worst kind in Socialist's clothing and is untouchable anyone or any country. He is one of those citizens of the world that is more like a disease then a cure for a country's economy before he moves on to the next one.
    May 17 03:41 AM | 7 Likes Like |Link to Comment
  • Big Oil Under Serious Threat [View article]
    There is a GOD and HE is great. Which religion do you want to believe? It is your choice. Neither one of us will now the truth in our lifetime. Mine will not hurt anyone on earth. You have no idea what will happen to my great grand children and cannot do nothing to effect their outcome accept try not to destroy the earth with the bomb. Leave the earths climate alone you have no idea how it works, why it is here, why we are here and what you are doing.
    May 10 11:59 AM | 7 Likes Like |Link to Comment
  • Krugman's Latest Debt Denial: Why His Two Magic Numbers Don't Cut It [View article]
    Thank you for the good laugh!

    You sir seem to be living on another world. The USA is $17 Trillion in debt and growing and we have paid down just $7 billion in 8 years under a Democratic majority rule. America has 91 million unemployed in 6 years under Obama and it is still the Bush great recession. 144% increase in welfare payments and food stamps and you are pleased that your investment portfolio has recovered with inflated US dollars. You should be a writer for Saturday Night Live!

    I am not a Bush fan but there is a big difference in how America looked before 2006 when the Democrats were voted into power to fix the evils of George W. Bush and his policies. Back then we only had two wars. Now we have the entire world on fire while Obama sits and watches from his huge carbon foot print on Air force one on his way to the next crony fund raiser.

    You failed to mention that Krugman served as an economic staffer in the Reagan administration. He apparently learned nothing then and continues on his journey along with you to a nonexistent world you live in where facts don't matter.
    Jul 24 09:06 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Saudi Stock Market, Apple Orders, Chipmaker News [View article]
    Government makes NOTHING and creates NOTHING. All they do is control the money supply and injecting it into the money supply of an economy. This increase in the money supply has a multiplier effect in the amount of money in circulation not GDP growth. When the government takes money from producers and gives it in the form of grants to non-producers it contributes nothing to GDP. This is only SPENDING through the transfer of wealth. It is not real INVESTMENT in GDP growth (ie. capital spending). You guys on the left have been brain washed by the liberal so-called news media, the leftist college professors and Democrats and many Republicans in government that have no clue how economics work. Most have an agenda of self-interest or a desire to maintain power or both.

    Government spending (ie. welfare payments)and capital spending (ie. investing in new industries) are two very different things.
    Jul 22 09:51 AM | 6 Likes Like |Link to Comment
  • Big Oil Under Serious Threat [View article]

    Yes, But you and your ilk have no clue WHY and no clue how weather works dispute what you say and how many Internet links you provide. You cannot tell me with any degree of accuracy what the weather will be 2 weeks from now let alone 20 years from now. You can't even predict when and where a hurricane will happen or when it will make land fall 4 hours before it arrives. You have no clue when the next volcano will erupt and the amount of CO2 it adds to the atmosphere and have the arrogance to believe you know WHY climate changes on earth and how to effect it. The same earth that has been here for 5 billion years before mankind and will be here 5 billion years after we are gone. Your arrogance is amazing.
    May 11 12:28 AM | 6 Likes Like |Link to Comment
  • Will Silver Change Direction? [View article]
    Gee! Who knew... When the government depreciates its currency, commodity prices go up as a "secondary" consequence of stupid monetary policies. But have no fear investors, this rally in silver will slow down in the near future because this is the only stupid policy that has come out of Washington since 2006.
    Feb 17 07:26 AM | 6 Likes Like |Link to Comment