satchv2

How to Fix the Fed - A Lesson from AIG

I find it interesting that NY FED decided to bail out AIG to save others.

Having owned AIG policy's for leases etc they have a normal 180 day period for you to clear up the problem before they pay. I think the FED instead of using leverage (of no quick payment) against the banks on behalf of AIG did the easy thing and funded up AIG to fund up the banks.

The FED is not broken but its power needs to be better defined.

Bigwigs Debate 'Too Big to Fail'

The solution should be very simple. If banks use depositors money for risky stupid investments to gain quick income they should have the management team tried for fraud.

Additionally they should be penalized an additional 50 % of the lost funds as fines for stupidity.
We the taxpayers now take the risk and the shareholders and employees get the upside!

Natural Gas: Powering the Dubai Overshoot

Your overall comments are very valid , however Dubai is only a country rich in oil because it is part of UAE. Secondly when you over lend to the real estate sector extremely beyond the agreements among nations you ask for trouble.

The other problem is the ruling class and senior businessmen trusted in the "consultants" who told them do not listen to people who question what we have suggested they are just jealous. The group that should be punished are the consultants who pushed them own toward projects that were both technically and fiscally irresponsible.

However the end story is playing out and Abu Dhabi were provide the "standby guarantee " to save Dubai and the banks from the trouble of non payment.

A curious situation since if you owe a bank money and try to leave DUBAI they put you in jail. I guess only the non Dubai citizens a will be penalized!

Is Dubai's Default a Black Swan Event?

Who is surprised, no one should be.

The banks in Dubai had lent out up to 70% of available lending capacity for real estate loans.

Please do not worry about the U.S. banks , we the taxpayer will cover the problem without a short breath. Of course this means we covered it first with high crude prices and no with direct funding.

However everyone will get their bonus because they brought this business to their institution and on face it made them a lot of money.

Fadel Gheit: Oil Prices to Remain Inflated but Don't Pass on Gas

If gas in the Middle East has no value please explain this to UAE, Qatar , and Iran.

Your simple statement does not do your analytical skills proud1

Whither Iraqi Oil?

If one assumes political and security risks become"normal" during next 12-18 months Iraq oil production will ramp up quickly.

The current financial requirements of three deep offshore platforms for Brazil would fund up all development costs for increasing Iraq production in-excess of 4,000,000 barrels per day in a 36 month period. The cost of production of Iraq crude is 4-6.50 a barrel so they can afford to ramp up production and not worry about quota's because they can leave OPEC and still sell all the crude needed to really develop the country of Iraq for its people.

Geithner's China Strategy: A Viewer's Guide

China will over the near term (3 years) covert much of the dollar holdings to assets in commodities or real live companies.

To ask that IMF etc control anyones future is being 25 years in arrears as to today's world.

Is it not enough that the US Government choses to give food add via World Food Program than rather directly and it costs us an additional 10% dollar fee for them to take our aid.

We need a Government that can manage our future without trying to control the world via International Organizations.

Europe's Natural Gas Problem: On the Road to a Solution?

This pipeline is a great concept however it puts Turkey in a role of controlling gas from all other than Russian sources from that part of the world.

Turkey has blocked Iranian gas exports because of its political and financial intentions.

Why do we think it will be better now?

Yingli Plans for 300MW Projects in China, Suntech Lines Up Developer

It is obvious the Chinese Government puts its money where its mouth is not like the USA and EU.

Here's Why We Need a Tax on Oil Imports

The USA used to have a certificate requirement for importing crude. It only allowed the normally corrupt politicians to make friends/money by giving them to their friends.

Maybe we should tax all imports at 100% then we could self destruct.

When we have a congress capable of making reasonable and just laws maybe then we can discuss taxing oil. Green is good but not the solution for all our energy problems.

Oil: The Price Is Right

Just a comment that although we do not have a shortage of oil we do not have a significant over supply.

Having said that an all comments on weak dollar I can not understand why the market thinks the Euro zone or UK is in good shape.

A rough winter in Europe and we will see gas prices driving higher.

On oil supply we all need to understand a lot of"new reserves" are in fields where production cost are very high.

Oil's River Card: Iranian Aggression

Actually the message did what it was intended to do -put pressure to keep crude prices high.
Iran is a failed state with a significant economic crisis.
Make a noise and distract the common Iranian from considering his plight. This also causes upward pressure on the price of oil.

It is all about money in Iran because money means keeping control.

Forget Biofuels, Future Energy Architecture Will Have Solar at Its Core

Please lets get real. Regardless of solar or other green energy we still need ( unless a new storage device can be developed) new fired plants to provide load availability when solar or wind power is not available.

Biodiesel produced out of non conventional sources can help provide fuel required and will not cause problems in the food chain.

Reality is fossil fired plants or nuclear will be required .

Chesapeake Energy CEO in Questionable Compensation Deal

Guess if he was common crook who stole a bag of chips from a 7 -11 he would get 10 years.

Now he gets millions on a midnight robbery and continue to gets rewarded.
I am sure he contributed enough to all parties both State and National politicians to protect himself.

Carbon Cap-and-Trade Could Increase Coal Usage

I suggest everyone read the FT article at this link www.ft.com/cms/s/2/678...

It is time for us to consider what is needed to improve the economy and quick worrying about the price of "carbon credit".