jcmeredith1

Star Scientific: The Sore Loser In Their Reynolds Tobacco Patent Suit

Greetings!
Do you have any plans to write another article about the STSI v RAI case?
Thank you

CNBC's Gasparino Problem

Get over your own bias Mr. Salmon.

Charlie G. was one of the few who had the nerve to state the obvious: For most investors, Obama is NOT viewed as a potential boon for the economy. That week it became clear that, barring a miracle comback, Obama will win.

Surrounded by a phalanx of media sycophants (like you), the most naive, unvetted, unexamined, unqualified, inexperienced, anti-capitalist pol ever to emerge from the Daley Chicago political cesspool is going to get elected president.

And what a financial background he has!

What financial expertise he brings to the table!

Obama helped ACORN in the early 1990's pressure the banks to write stupid mortgages. He then helped pressure Fannie and Freddie into guaranteeing those liar loans. Then he accepted tons of money from Fannie and Freddie when he arrived in the US Senate in 2005.

He and his pals Chris Dodd and Barney Frank helped block reform of Fannie and Freddie when there was still time to act.

Your cartoonish picture seems to suggest that you are young enough to have missed out on the "fun" of Jimmy Carter reign of feckless economic stewardship, Jan 1977-Jan 1981.

Worry not, thanks to naive folks like you we'll get Jimmy Carter II.

Fannie and Freddie Did Not Cause This Crisis

Hmmm ! ... and that match had nothing to do with that fire. Nothing.

Remember Those $200 Oil Predictions?

So for now, enough "demand destruction" has occured, plus our "friends" in OPEC are at full production (temporarily).
Does the author believe that China will stop growing?
Will India stop growing?
Will the US demand for oil level off and never again exceed its current demand?
Will US automobiles morph into a CNG-burning fleet within three years?
At best, one of those four questions might result in a "Yes" answer.

Therefore, over the next three years, it is hard to see current global oil and gas production keeping up with global demand unless the US significantly increases its domestic production. If the anti-production folks in the US Congress successfully stall efforts to increase domestic production of oil and gas for the next three years, it should surprise no one if the price of oil returns to $146 per barrel and then moves higher. Add in the threat that a conflict with Iran will choke off the Straits of Hormuz over the next three years and sadly, $200 per barrel is certainly attainable again.