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  • A Steep Drop In Oil More Likely Forecasts The Bottom, Not Beginning, Of Any Global Recession [View article]
    Excellent article.

    The price of oil at this point is good for my wallet and fun to watch. When I start reading about hundreds of global storage facilities bursting at the rivets I'll start worrying about a global collapse. All I see right now is my own little part of the world (Twin Cities Minnesota) booming and rich Saudis jawboning 7 and 8 times a week about how just fine they are too.

    I would prefer that the technology that replaces oil happen sooner rather than later. These prices will not motivate the innovation that I want. And I don't believe that we've suddenly lowered our global demand for good right here and now. It's all just fun to watch. It's going to be fun to watch when it jumps back the other way too whether that's tomorrow or 2020.
    Jan 28, 2015. 06:48 PM | 4 Likes Like |Link to Comment
  • Too Quick To Exaggerate SWIFT Data [View article]
    Excellent write up.
    Jan 28, 2015. 01:43 PM | Likes Like |Link to Comment
  • Putin's War On Ukraine [View article]
    Hmmmm I hope you're right. My opinion though is that Putin does not care about "winning" in Ukraine at all. He just wants Ukrainians to die for getting rid of his puppet gov't. When Ukraine sees the light and brings back the puppet then the rebels will all "volunteer" to serve Mother Russia somewhere else.

    I'm just negative on Mondays though
    Jan 26, 2015. 03:39 PM | 1 Like Like |Link to Comment
  • Oil Supply Accelerating - Saudi Arabia Delivering On Its Promise? [View article]
    It's the middle of winter and I still don't believe it.....It sure is fun to watch though.

    I want my satellite pictures of "hundreds and hundreds" of tankers full of oil parked in the phillipine waters. The Saudis can say they have no motive except holding market share but they sure keep saying it over and over and over.

    I personally will save 70 bucks a month in fuel cost just in my car. I haven't figured the house savings yet. Excellent!
    Jan 26, 2015. 02:32 PM | 1 Like Like |Link to Comment
  • Oil: The Biggest Hairiest Guess Out There? [View article]
    It's not bloody yet. When the earnings estimates get out there and 50 percent of the articles are really hysterical then there's blood. We're not there yet
    Jan 26, 2015. 10:50 AM | 4 Likes Like |Link to Comment
  • Iran could withstand $25 crude [View news story]
    25 dollar oil because of shale oil????? If that were even possible it would have been noticed before now.

    I'm no expert but this sure is fun to watch.
    Jan 20, 2015. 05:15 PM | Likes Like |Link to Comment
  • Short sellers moving in on oil companies [View news story]

    I agree. The easy money has been made. shorting now is picking up pennies in front of a bulldozer. Shorts can't win if prices stay flat. If Americans rush out and buy new SUVs or Saudi stops jawboning oil price can easily stay flat here. It sure is fun to watch this though.
    Jan 13, 2015. 06:06 PM | Likes Like |Link to Comment
  • Brent crude falls below $50 as Goldman cuts outlook [View news story]
    I agree that GS has entered accumulation stage.

    Now, I think the last shoe to drop are several articles with the satellite pictures of the "hundreds" of tanker ships full of oil out in the ocean near the Phillipines.
    Jan 12, 2015. 01:50 PM | 1 Like Like |Link to Comment
  • Reuters: Oil glut sparks top traders to book supertankers for storage at sea [View news story]
    I was waiting for this story. Hopefully we'll get satellite pictures to help count how many of them out there in that one place where they all park!

    Jan 8, 2015. 02:14 PM | Likes Like |Link to Comment
  • Warren Resources Has More Upside [View article]
    He means it's up from the 52 week low the other day. That's problem when it falls below 5 bucks.....every move is a percentage whopper!
    Dec 24, 2014. 01:55 PM | 2 Likes Like |Link to Comment
  • Texas: Recession In 2015? [View article]
    Don't mess with Texas!

    Like you stated only 3.8 percent of Texas gdp from oil. If oil prices stay low for several month other Texans and Texas businesses will enjoy the lower energy costs and offset some of the hit. At this point in time Texas economy is diverse.

    I'm skeptical of these oil prices anyway. Texas will be fine whichever way the barrel bounces.
    Dec 24, 2014. 10:18 AM | 2 Likes Like |Link to Comment
  • Now Is Not The Time To Buy Russian Market [View article]
    MBT was looking good at 6.90, but I share your opinion. Mr. Putin gave a speech yesterday but it did not contain an action plan. There will probably be more opportunities in Q1.
    Dec 19, 2014. 10:42 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: European Shares Sink As Oil Extends Slump [View article]
    That is a great presentation......however I will remain extremely skeptical of 60 dollar oil. I think it's too soon. that presentation indicates the beginning of trends. These prices belong in the middle of those trends :)

    And I'm just really pessimistic about people in general. Like they would all start exhibiting this intelligent behaviour???? NO WAY!

    Dec 12, 2014. 11:37 AM | 1 Like Like |Link to Comment
  • OPEC RIP: Not So Fast [View article]
    What would John D Rockefeller or Andrew Carnegie do.

    That is the correct question. The answer is they would sell product just under the other guys cost on that street corner until that guy is ready to give up. Then they would buy the guy out and make him the manager of the store he use to own.

    The Saudis probably won't buy any shale producers. They probably hope they don't have to.
    Dec 11, 2014. 11:52 AM | 1 Like Like |Link to Comment
  • OPEC says 2015 demand for its crude will be weakest in 12 years [View news story]
    It would be hilarious if the Mother Russia party that rules the country were in bed with the Wahhabi Arabs that rule OPEC. Alas, I doubt that is true.

    Even without that comedy this is really genuinely fun to watch. Iran called it trechery against the Muslim world this morning. Hahahaaha.
    Dec 10, 2014. 12:07 PM | Likes Like |Link to Comment