Humility of Realism II: Seven Thoughts about Our Whole System [View article]
Yes, but no more bailous money for anyone. Sink or swim for the FinANcials. Let the chips fall where the may. I'd be buying load of Au...
On Jan 30 06:01 PM Dirk McCoy wrote:
> There is a simple solution to this crisis. Print more money. Buy > Treasuries, mortgage-backed securities, and oil. No votes needed, > other than 12 governors of the Fed. Interest rates drop. The dollar > devalues. And harsh reality sets in. Aggregate demand increases- > get to work. Inflation means retirements need to be postponed- get > to work. Lower real interest rates mean passive, low risk investments > return less- get to work. > > This is the harsh reality- to pay off our debt, we need to work. > Let's get to it.
No Such Thing as a Free Lunch? Tell That to Citigroup [View article]
These guys (C) suck... I think everyone is tired of the bailouts. At least the shareholders got their dividends for as long as they did. They will have absolutely nothing to show for their shares imminently...
Marc Faber, Jim Rogers and Boone Pickens - Bullish on Oil [View article]
And Hydrogen.
On Jan 12 12:05 PM Michael66 wrote:
> I have posted this comment before and I will continue to post it. > > > The oil companies and the speculators want us to believe the recent > decrease in crude oil prices is simply due to a temporary decrease > in demand. They want us to believe things will soon return to normal > and the oil price will again increase. > > The decrease in the price of crude oil is not temporary. The fact > of the matter is that the decline in price is primarily due to a > rapid increase in the supply of many alternatives to crude oil. The > decline is not temporary. > > Crude oil is being DISPLACED by the other energy sources which are > rapidly arriving on the market. The DISPLACEMENT of demand for crude > oil is occurring much more rapidly than the oil companies and the > speculaors imagined. > > WHY CRUDE OIL PRICES WILL DECLINE: > Recently OPEC reduced crude oil production twice over just a few > months. There are five wars going on in Liberia, Mexico, Gaza, Iraq > and Afghandistan. A year ago these events would have spiked the price > of crude oil by at least $50.00 per barrel. Recently, oil price declined > by a record daily amount. > > There are several reasons the price of oil is decreasing in the face > of so much news. These reasons are: > > 1. New oil has been found in Canada, Montana, North & South Dakota > and in the ocean near Brazil. Each of these oil fields has more oil > than Arabia. Canada is constructing several pipelines to deliver > the oil to the US and to their west coast for shipment to Asia.<br/> > > 2. New natural gas has been found in Pennsylvania and West Virginia. > This is the largest find in North America. Currently the total US > gas production is 30 trillion cubic feet per day. The Pennsylvania/West > Virginia gas field is expected to produce 50 trillion cubic feet > per day or more. America’s gas production will soon triple. > > 3. New methods of injecting CO2 and surfactants into oil wells is > being used to double their output. > > 4. Bio fuel is being produced from many plants and algae and production > is beginning to reach critical mass. The production potential per > acre in some cases is astounding. Many countries are racing to produce > bio fuels. > > 5. Virtually every restaurant in the US and all food processing plants > are now selling their used oil to bio-diesel producers. Every pork, > cattle, turkey and chicken processing plant is selling their fat > to bio-diesel producers. One pork processing plant in Oklahoma has > an on premises bio diesel plant and is producing 30,000 gallons of > bio-diesel per day from pork fat. > > 6. There are 99 nuclear reactors in various stages of construction > around the world at this time. Several hundred more are expected > to be built in the future. Much of the energy they produce will displace > oil. > > 7. Every company in any form of transportaion business is replacing > older equipment such as trucks, airplanes, train engines, ships, > etc. with new more fuel efficient equipment. Airlines and railway > companies are experiencing 20% to 25% better fuel econony with the > new equipment. > > Airlines are flying airplanes with bio-fuel. They are finding the > bio-fuel is cleaner and performs better than jet fuel. The US Air > Force has been told to switch all its jets to bio fuels as soon as > practical. > > 8. Cities and counties throughout the US are selling the rights to > capture methane gas from landfills. This is a huge source of gas > available at very little cost or risk. The gas is displacing crude > oil. > > 9. Coal is being transformed into a clean burning liquid fuel. The > CO2 produced as a byproduct is sold to oil companies for injection > into oil wells. > > 10. Solar, wind and ocean energy is displacing oil as an energy source. > Three new wind turbines are being erected every day in the US.<br/> > > 11. Methyl hydrates will one day soon be an enormous sourch of energy. > There is more methyl hydrates deposits than ALL other fossil fuels > in the world combined. The test wells to extract methyl hydrates > are producing much more gas than anticipated. The researchers are > quite excited about their progress so far. > > Each of the above by itself will not make a large difference in the > price of crude oil but the sum of all of them together is world changing. > The important thing is that OPEC and the speculators no longer have > the ability to control oil prices as they have in the past.
Friday's Unemployment Numbers Only Tell Half the Story [View article]
People usually cite the Depression-era unemployment rate (20 + %) as the best and only proof that we are not headed for just such a period. I guess we are well on our way after all ?
> I've read some astonishing things on this site lately, but the idea > that a recession that started in December, 2007, is somehow "Obama's > fault" really takes the cake. In December, 2007, Obama was not only > not the president, and not only not the Democratic nominee, he was > in third place in the race for the Democratic nomination. So how > exactly is he responsible for the current recession? Statements like > this one do not exactly redound to the benefit of your credibility.
Humility of Realism II: Seven Thoughts about Our Whole System [View article]
On Jan 30 06:01 PM Dirk McCoy wrote:
> There is a simple solution to this crisis. Print more money. Buy
> Treasuries, mortgage-backed securities, and oil. No votes needed,
> other than 12 governors of the Fed. Interest rates drop. The dollar
> devalues. And harsh reality sets in. Aggregate demand increases-
> get to work. Inflation means retirements need to be postponed- get
> to work. Lower real interest rates mean passive, low risk investments
> return less- get to work.
>
> This is the harsh reality- to pay off our debt, we need to work.
> Let's get to it.
'Bad Bank' Does Not Trump a 'Bad Market' [View article]
On Jan 28 06:19 PM ChkRazer wrote:
> so basically
> ... everything that ever happens is nothing by a bear market rally
At Least 43,000 New Obamaconomy Workers Freed Up [View article]
On Jan 26 06:02 PM Yamu wrote:
> On Jan 26 05:48 PM John Polomny wrote:
> Where in the history
No Such Thing as a Free Lunch? Tell That to Citigroup [View article]
The End of Citigroup [View article]
On Jan 13 04:31 PM broker23 wrote:
> What will happen with CItigroup s shares, if the state nationalized
> it?
Marc Faber, Jim Rogers and Boone Pickens - Bullish on Oil [View article]
On Jan 12 12:05 PM Michael66 wrote:
> I have posted this comment before and I will continue to post it.
>
>
> The oil companies and the speculators want us to believe the recent
> decrease in crude oil prices is simply due to a temporary decrease
> in demand. They want us to believe things will soon return to normal
> and the oil price will again increase.
>
> The decrease in the price of crude oil is not temporary. The fact
> of the matter is that the decline in price is primarily due to a
> rapid increase in the supply of many alternatives to crude oil. The
> decline is not temporary.
>
> Crude oil is being DISPLACED by the other energy sources which are
> rapidly arriving on the market. The DISPLACEMENT of demand for crude
> oil is occurring much more rapidly than the oil companies and the
> speculaors imagined.
>
> WHY CRUDE OIL PRICES WILL DECLINE:
> Recently OPEC reduced crude oil production twice over just a few
> months. There are five wars going on in Liberia, Mexico, Gaza, Iraq
> and Afghandistan. A year ago these events would have spiked the price
> of crude oil by at least $50.00 per barrel. Recently, oil price declined
> by a record daily amount.
>
> There are several reasons the price of oil is decreasing in the face
> of so much news. These reasons are:
>
> 1. New oil has been found in Canada, Montana, North & South Dakota
> and in the ocean near Brazil. Each of these oil fields has more oil
> than Arabia. Canada is constructing several pipelines to deliver
> the oil to the US and to their west coast for shipment to Asia.<br/>
>
> 2. New natural gas has been found in Pennsylvania and West Virginia.
> This is the largest find in North America. Currently the total US
> gas production is 30 trillion cubic feet per day. The Pennsylvania/West
> Virginia gas field is expected to produce 50 trillion cubic feet
> per day or more. America’s gas production will soon triple.
>
> 3. New methods of injecting CO2 and surfactants into oil wells is
> being used to double their output.
>
> 4. Bio fuel is being produced from many plants and algae and production
> is beginning to reach critical mass. The production potential per
> acre in some cases is astounding. Many countries are racing to produce
> bio fuels.
>
> 5. Virtually every restaurant in the US and all food processing plants
> are now selling their used oil to bio-diesel producers. Every pork,
> cattle, turkey and chicken processing plant is selling their fat
> to bio-diesel producers. One pork processing plant in Oklahoma has
> an on premises bio diesel plant and is producing 30,000 gallons of
> bio-diesel per day from pork fat.
>
> 6. There are 99 nuclear reactors in various stages of construction
> around the world at this time. Several hundred more are expected
> to be built in the future. Much of the energy they produce will displace
> oil.
>
> 7. Every company in any form of transportaion business is replacing
> older equipment such as trucks, airplanes, train engines, ships,
> etc. with new more fuel efficient equipment. Airlines and railway
> companies are experiencing 20% to 25% better fuel econony with the
> new equipment.
>
> Airlines are flying airplanes with bio-fuel. They are finding the
> bio-fuel is cleaner and performs better than jet fuel. The US Air
> Force has been told to switch all its jets to bio fuels as soon as
> practical.
>
> 8. Cities and counties throughout the US are selling the rights to
> capture methane gas from landfills. This is a huge source of gas
> available at very little cost or risk. The gas is displacing crude
> oil.
>
> 9. Coal is being transformed into a clean burning liquid fuel. The
> CO2 produced as a byproduct is sold to oil companies for injection
> into oil wells.
>
> 10. Solar, wind and ocean energy is displacing oil as an energy source.
> Three new wind turbines are being erected every day in the US.<br/>
>
> 11. Methyl hydrates will one day soon be an enormous sourch of energy.
> There is more methyl hydrates deposits than ALL other fossil fuels
> in the world combined. The test wells to extract methyl hydrates
> are producing much more gas than anticipated. The researchers are
> quite excited about their progress so far.
>
> Each of the above by itself will not make a large difference in the
> price of crude oil but the sum of all of them together is world changing.
> The important thing is that OPEC and the speculators no longer have
> the ability to control oil prices as they have in the past.
Friday's Unemployment Numbers Only Tell Half the Story [View article]
Will 2009 Bring Ring Three of the Financial Circus? [View article]
Why AIG Gets Billions While GM Gets Scorn [View article]
Why Did Warren and Hank Invest in Goldman? [View article]
Uncle Ben Signals the End Game [View article]
On Dec 01 08:14 PM Wes Van Winkle wrote:
> I've read some astonishing things on this site lately, but the idea
> that a recession that started in December, 2007, is somehow "Obama's
> fault" really takes the cake. In December, 2007, Obama was not only
> not the president, and not only not the Democratic nominee, he was
> in third place in the race for the Democratic nomination. So how
> exactly is he responsible for the current recession? Statements like
> this one do not exactly redound to the benefit of your credibility.