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  • The Oil-Technology Divorce [View article]
    no mam ... (nnn)
    code sequence to create with a 5 foot rope instead of a 10 foot pole is as follows ...
    May 22, 2015. 05:05 PM | Likes Like |Link to Comment
  • Just When You Thought The Worst Had Passed [View article]
    When the price of gold in terms of dollars begins to rise as the DJIA begins to fall ... that's the sure signal indicating the current global economy is finished.
    May 22, 2015. 11:44 AM | 4 Likes Like |Link to Comment
  • The Oil-Technology Divorce [View article]
    Huh? Can't pole 10 inches away from a 10 foot goal post?

    Why don't you go back to your computer and read this ...
    Revelation 13:13
    "And it performed great signs, even causing fire to come down from heaven to the earth in full view of the people."

    Why was Bonaventura Cavalieri, an Italian math nerd born shortly before I. Newton, interested in burning mirrors ... which utilized silver to reflect light?

    Techi46, tech45, t44 ... recall process 1313, store process 43, 42, 41 ... and implement procedure deltadeltadelta as requested from interrupt 40, 39, 38 ... as you have been preprogramed to errorize.
    May 22, 2015. 03:17 AM | Likes Like |Link to Comment
  • The Oil-Technology Divorce [View article]
    Mr. Blankenhorn preaches the USA (and thus the global) economy is quickly becoming 'less dependent' upon the gasoline/diesel/jetfuel supplied by the oil&gas industry ... and 'solar companies' such as FSLR are proof as such. But I've read some of Mr. Blankenhorn's prior posts, and as far as I'm concerned ... Mr Blank... is a lover of the oil&gas industry ... and always shall be.

    So here's a question for Mr Blank ... if technology is deflationary and the oil&gas industry is effectively using 'new tech' to enhance oil recovery techniques then why is the price of gasoline going up year after year after year as consumption continues to decrease?

    The parabowls described here ...
    is going to put the oil&gas industry out of business.

    This is oil tech ... it's been around for awhile. Mr. Blank should question if 'new shale oil technology' is really a 'good thing.'
    The parabowls or 'pair of bells' has been built by notable figures in the Bible ...
    1. Elijah built one ... 1 Kings 18:33-34
    2. Chirst is compared to Elijah ... Matthew 16:14
    3. Folks who don't know Euclid's elements have a hard time detailing the operation of the device DJC built ... Matthew 5:15, Mark 4:21, Luke 8:16
    4. But it does produce heat and is capable of blinding people ...
    Luke 3:17, Matthew 3:11, and Galatians 6:11
    5. But the 'Bible writers' did know it was either a 'pair of bowls or a pair of bells' ... which was translated into English as 'parables' ... for a reason.
    6. But a bowl might be called a 'saucer' as well ... Acts 8:9.

    Finally, I wouldn't buy GE if you gave me money to purchase that 19th century stock that Welch barfed into the toilet over a decade ago.
    May 21, 2015. 03:22 PM | Likes Like |Link to Comment
  • Abolish Cash So As To Make Negative Interest Rates Easier? [View article]
    If a government chooses to enforce a negative interest rate on those individuals who choose to save their work in the form of money then the individual should be free to purchase gold and silver in order to adequately protect oneself from future government misfortunes. And if the government chooses to deny the individual the right to purchase gold and silver then the individual should instead hoard copper, lead, zinc, nickel, and even monetary coins as necessary. For governments which declare negative interest rates on fiat money might just as well declare cash to be trash ... because that's all that paper money is really worth. Fiat money that can be printed at will at the discretion of a select few in order to maintain the current 'social order' ... has about as much worth as toilet paper.
    May 17, 2015. 11:43 PM | 1 Like Like |Link to Comment
  • Bakken By County And Legacy Decline [View article]
    Mr Patterson wrote, "I don't really believe those numbers are accurate."

    I agree ... I find it extremely difficult to believe the oilers have found the oil they claim they have in Texas and North Dakota. These #'s are just off the charts compared to prior discoveries ... for example ... not even Alaska's north slope pumped so well and so quickly compared to the "shale plays" in ND and TX.

    Just look at the rebound in this chart ...
    It's nothing short of a 'recovery beyond all belief' in oil production.

    Too bad all this new oil requires an enormous amount of well drilling in order to produce ... about 9,500 wells to be exact ...
    Just think about the logistics required to move 120 drums of 'sand crude' from 9,500 wells on a daily basis ... all to Buffet's North Dakota oil train express. That's a lot of pipes, a lot of valves, a lot of storage tanks, a lot of pumping stations, a lot of electricity, a lot of roads ... a lot of everything compared to the UAE which only needs about 100 wells to produce the same amount of oil.

    Makes me wonder why I'm not reading about infrastructure improvement in the newest shale play discovered in Cooper Pedy, Australia ... shouldn't the oilers be ramping up for that shale play ... yet I'm not hearing any news of infrastructure development in Cooper Pedy, Australia.

    Maybe the oilers will start drilling for shale in Libya before they drill for shale in Australia. Maybe the new Libyan government will support foreign shale oil drilling now that the dictator Muammar Gaddafi is dead ...

    Didn't the Gaddafi regime end about the same time as 'shale oil' took off in the USA?

    No matter. Just coincidence.
    May 17, 2015. 06:47 PM | Likes Like |Link to Comment
  • The Fed's Countdown To Liftoff [View article]
    Asbytec is going to get one more reply out of me and that's it. When is Asbytec going to wake up and smell the coffee? When is Asbytec going to stop defending this banking system built upon fraud? Does Asbytec need to go back to school to understand the basics of finance?

    Asbytec claims the Fed is only buying AAA rated MBS paper ... but if this were true all the defaulted loans (which have been occurrring since 2005) on the books of the member banks such as WFC, BAC, C, and JPM would still be on the books of the member banks and thus these banks would be recording losses on their profit/loss statements. The Fed is buying the junk mortgages from the member banks and claiming this MBS paper is AAA ... and since Congress chooses not to audit the Fed ... the junk loans can be hidden on the books of the Fed for a very long time while the member banks keep their 'good loans' and keep recording profits.

    The Fed has convinced Asbytec that pigs can fly ... but anyone who can walk into a local mall or a small downtown in most American cities ... knows for a fact this economy stinks ... just like a pig. And if the Fed keeps it up eventually Asbytec's hometown is going to look just like parts of Freddie Gray's Baltimore. And after Baltimore burns to the ground ... Freddie Mac is going to be next.

    Does Asbytec want to respond? Because I'm not going to waste my time replying.
    Apr 28, 2015. 04:34 PM | Likes Like |Link to Comment
  • The Fed's Countdown To Liftoff [View article]
    The Fed will never raise rates ... just like Japan. And the only tool the Fed has at its disposal ... is to create money and purchase defaulted debt from the likes of JPM, C, BAC, STI, WFC and all the other member banks of the Federal Reserve System. Too bad the Fed had to violate Article 1 Section 7 Clause 1 of the US Constitution in order to create this 'so called economic recovery.'
    Apr 28, 2015. 03:02 AM | Likes Like |Link to Comment
  • Why We Are At Peak Oil Right Now [View article]
    Pure baloney ... nothing but blackmail from the oil&gas industry.
    Feb 2, 2015. 06:44 PM | 3 Likes Like |Link to Comment
  • Why We Are At Peak Oil Right Now [View article]
    Peak Oil has occurred ... sometime around 2005-2006. Here are FIVE indicators the USA ( and global economy) is now well past Peak Oil.

    #1 - Global production of crude oil can't keep pace with the increase in global human population:
    Global population has grown alot in the past twenty years:
    1990 5.278 billion
    2000 6.082 billion
    2010 6.848 billion
    Global crude oil production ( according to the IEA ) has grown too:
    1990 53.1 mb/d
    2000 75.6 mb/d
    2010 87.4 mb/d

    Consider the incremental ( or marginal ) increase in both world human population as well as crude oil production. From 1990-2000 world population increased by about 800 million and crude oil production grew by 22.5 mb/d. From 2000-2010 world population increased by about another 800 million people and yet crude oil production on a daily basis only grew by 11.8 mb.

    If there were no global crude oil supply 'issues' ... then I'd expect ... to have seen an additional 10 mb/d growth in crude oil production in the most recent decade to meet the demands of the 'new 800 million people.'

    #2 The ever increasing costs of gasoline this decade has induced a serious decline in consumption of hydrocarbon products in the USA ...
    Since there is no other way at the present time to move goods, services, and people from pt A to pt B in the USA ... there is a direct correlation between economic activity in the USA and petroleum product usage. Given this fact, my conclusion is true GDP in the USA has declined about 10% since the 2006-2007 peak in GDP.

    #3 In the 1970s ... the cost of gasoline in the USA increased at the same time consumption of gasoline increased. A gallon of gasoline cost $0.36 in 1972. That same gallon of gasoline cost $0.86 in 1979. In 1972, the USA consumed 6.376 mb/d of gasoline. In 1979, the USA consumed 7.034 mb/d of gasoline. In the current decade, the USA is consuming less gasoline each year as the price of gasoline increases. That's indicative of supply of a commodity which can not match pace with demand.
    price consumption
    2007: $2.84 9.286 mb/d
    2012: $3.68 8.703 mb/d
    Source of data:

    #4 ... Shale oil is not a long term solution to the world's energy deficit. The drilling costs involved in producing a shale oil well are SIGNFICANTLY more than a conventional light sweet crude well. Both the Bakken and Eagle Ford are money pits. Over 7,000 THOUSAND wells have drilled in North Dakota's Bakken field ... ... as compared to the UAE which only needs a 100 wells to produce the same amount of oil. At $10 million an oil well to drill times 7,000 ... that's $70 billion in costs. At a $100 a drum these Bakken wells will take three years to recoup the input costs, and because of the hyperbolic decline in Bakken wells ... in three years it's time to refrack the wells. Shale oil is a money loser.

    #5 But the most important indicator that the world is SEVEN years past PEAK OIL ... it's not the global quantity of oil being produced worldwide ... it's the QUALITY of oil. Heavy oil is a terrible substitute for Light oil as a smaller percentage of heavy oil refines readily into diesel/gasoline/kerosene. Heavy oil is great for refining into asphalt but not gasoline. As can be seen from the following data, the increase of oil production available to the global market is HEAVY oil ...not light crude.

    Q: So what to do about Peak Oil?
    A: Given the escalation of fighting in Ukraine ... I'd say King Obama's solution is to take over Russia and the Middle East and pump the 'easy oil' from Iraq and Russia. My preference is to utilize solar power from this cheap power source described here ....
    Feb 2, 2015. 01:49 PM | Likes Like |Link to Comment
  • 2015 Rate Hikes Are A Myth [View article]
    I agree ... the Fed will not raise rates until either Japan or the Eurozone or Britain caves in and raises rates first. Maybe Japan will give up ... but as time goes by I'm more inclined to believe GB will raise rates first. As for Euroland ... the ECB has just begun QE ( which violates the treaty that enacted the Euro currency but who cares about treaties ) and even if Greece does decide to leave the Euro ... Spain, Italy, and the rest can get by for a year or two with more money printing from the ECB.

    Which ever currency unit raises interest rates first ... they've essentially accepted a gov't debt default as their national bank will be forced to call in business/home loans and begin the process of debt right offs.

    In the USA ... an interesting divergence is developing in secured vs. unsecured credit loans. Money is running into LQD (secured loans) and out of junk 'free money for all' loans (JNK). This tells me the 'smart money' believes the secured creditors will still be paid in full while junk bond holders get the shaft.

    Nothing could be farther from the truth but CZR is certainly going to give the above concept a try as the ongoing CZR bankruptcy trial was just moved to Chicago from Delaware. The outcome of going REIT ... yet another debt load burden which in no way can ever be repaid by CZR or one of its spinoffs and which denies bondholders their right to payment before stockholders in the event of a debt default ... will result in a 'dead stock' price which slowly decays to zero just like SHLD (sh*tload).

    And speaking of sh*t heating the fan ... watch what happens when GB can't import any liquefied natural gas ... as Russia is about to turn off the tap.
    Jan 30, 2015. 01:25 PM | Likes Like |Link to Comment
  • Is The Fed Buying Stocks? [View article]
    Japan uses money printing to help their industries maintain their status as 'the world's best exporter' of consumer goods ... and the US addicted to Japan's manufactured goods. As far as Japan's gov't buying directly or indirectly either US stocks or US futures ... Japanese style capitalism is a form of warfare, hence, the Chiasso financial smuggling case.
    Jan 15, 2015. 08:03 AM | Likes Like |Link to Comment
  • Is The Fed Buying Stocks? [View article]
    The motivation for the BoJ being an indirect buyer of US Stocks is two fold:

    1. Toshiba, Sony, Panasonic (Japanese consumer electronic corporations) derive much of their revenue from trade in the USA. Same can be said of Japan's automotive industry (Honda, Nissan, etc.) If that revenue stream dwindles due to a slowdown in the USA economy ... the above Japanese companies will plunge as well.

    2. The Japanese gov't owns a substantial portion of US Treasury debt. If that US debt looses value then the Japanese gov't will be forced to take a loss as well.

    You could say that Japan's economy is joined at the hip with the US economy ... but Japanese style capitalism doesn't blend very well with 'American capitalism.' The same argument as above could be applied to China as well ... as China holds a large chunk of US Treasury debt. China's version of capitalism doesn't go far beyond the concept of exchanging money for goods. Both the Bank of Japan and the Bank of China print money in order to keep those in political power ... at the top of the economic ladder as well.
    Jan 12, 2015. 02:22 AM | 1 Like Like |Link to Comment
  • Is The Fed Buying Stocks? [View article]
    Mr Fuller wrote, "Is the Federal Reserve manipulating the stock market?"

    My answer ... yes.

    It does so by purchasing MBS and Tbills from the banks. The banks (JPM, C, WFC, BAC, etc) acting in unison then take this new money and pump up the stock market. The question is ... with the end of QE ... the above mentioned money to stock market pump should work in reverse. The stock market should correct. But bears be warned ... the banks may have enough 'saved funds' on hand to keep the market at this level for some time.

    The permabull Democratic Socialists such as Larry Summers believe that low oil prices will rekindle the American consumer and thus keep the S&P above 2000 at least until 2016 ... for yet another Democratic Socialist president. If the Republicans desire to win the 2016 election ( if there is one) they need to induce a recession to sway the American voter back to the 'Republican side' of thinking. In order to do that all they have to do is convince a dozen Democratic Senators to vote 'yea' when it comes to impeaching King Obama for violating Article 1 Section 7 Clause 1 of the US Constitution.

    The Federal Reserve cannot create money ( commonly called QE) in order to buy MBS and Tbills from the banks without a revenue bill passed by Congress. That is ... QE is a revenue bill which is originating at the Federal Reserve and which ends when Congress votes to raise the debt limit. Perhaps the Democrats should go about amending the US Constitution so Article 1 Section 7 Clause 1 is adjusted to read "some bills for raising revenue originate at the House of Representatives and other bills for raising revenue can originate at the Federal Reserve."

    Then people like me would have the authority to complain and King Obama wouldn't have the ability to start WW III.
    Jan 11, 2015. 09:24 AM | Likes Like |Link to Comment
  • This Time Is The Same: Like The Housing Bubble, The Fed Is Ignoring The Shale Bubble In Plain Sight [View article]
    You have to question why other bubbles in the market did not pop first. Take SPLK in the new tech bubble or ICPT in the biotech bubble. There's also a lot of dead wood in the retail space ... take SHLD for example. And yet, it's crude oil and the shale oil stocks that are being allowed to go 'bust.'

    The stock market is rigged. The banks are in complete control. The price of oil is being manipulated to produce a recession in 'oil enemy' producing states such as Russia and Iran.

    You would think the low price of oil would give the European stock market a lift ... in particular, the Greek stock market. And yet, Greece is about to default? After what? Four years of extend and pretend ... Greece is going to default?

    XOM is going to pick up some shale oil plays on the cheap. Those shale oil companies that do fold will not see their 'bad debt' perish ... instead, Wall Street will entice XOM to take on the shale oil debt burden with an extended debt repayment plan.

    Watch JNK, LQD, HYG, and BKLN ... because until the defaults show up in the bond market ... the banks won't allow a complete panic. Markets never fold in December. It's usually March-April or September-October. LQD is holding up ... if and when that folds ... that's when the stock market collapses.
    Dec 10, 2014. 04:28 PM | 2 Likes Like |Link to Comment