cjct

Total Rating:
+2 / -2

46 Comments

    • Tue Nov 18th 11:16 AM | Rating: +2 -1
      Commented on:
      Real Price of Gas Approaches a Historic Record-Low
      So much for "running out of oil"...I realize that we need to invest more in energy infrastructure but the ridiculous cries from analyst that it's all gone and we're near the end of society as we know it.
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    • Thu Nov 6th 12:10 PM | Rating: 0 0
      Commented on:
      Treasury Secretary Speculation Heats Up
      That Barney Frank comment is obviously just a joke!
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    • Thu Nov 6th 10:04 AM | Rating: 0 0
      Commented on:
      Negative Sentiment on Crude Oil Overdone - First Energy Analyst
      So quick to call a bottom and a return to previous highs...What's the urgency here???
      View article »
    • Mon Nov 3rd 18:30 PM | Rating: 0 -1
      Commented on:
      The Shallowest Generation
      On a micro-level I love my baby boomer parents, but on a macro-level I hate their generation!
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    • Sun Nov 2nd 11:52 AM | Rating: 0 0
      Commented on:
      Is the Commodities Bull Really Over?
      I just don't see why people are so excited to call a bottom in commodities and commodity-related stocks, which are clearly late-stage cyclicals...Especially when you can buy banks (early stage cyclicals) whose debt has all but become soveriegn obligations of the US Gov't.
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    • Sun Nov 2nd 01:49 AM | Rating: 0 0
      Commented on:
      Don't Listen to Goldman on Commodity Prices
      Couldn't agree more on GS commodity analysts. Same goes for the UBS insurance analyst who just downgraded AIG from buy to hold after riding it all the way down to 1.60...immediately after which AIG stock turned around and closed up 17% for the day. Pretty much as good a contrary indicator as their is, just wonder why they get paid any money since the I-banks could just install random Buy/Sell/Hold generators and produce the same manipulative effect.
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    • Fri Oct 31st 11:39 AM | Rating: 0 0
      Commented on:
      Is the Market for Oil Reinflating?
      So you were completely wrong before and now we're supposed to believe anything you say. I think not!
      View article »
    • Fri Oct 17th 23:19 PM | Rating: 0 0
      Commented on:
      The Euro Has Significant Problems - And They're Likely to Worsen
      Of course none of the critics of this well thought out piece actually address its major point which is that the structural deficit of no unitary government with a treasury to back up the actions of the central bank is a potentially fatal flaw in the Euro-system.
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    • Thu Oct 16th 09:38 AM | Rating: 0 0
      Commented on:
      Oil Below $75: Increased Chance of OPEC Production Cuts
      The problem for OPEC is that they can get together at the meetings and say they're going to cut all they want, but as soon as those oil ministers leave the meeting they go right back to their respective countries and cheat on their quotas with such regularity that the market really discounts their production increases or decreases because of a complete lack of credibility.
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    • Wed Oct 15th 18:53 PM | Rating: 0 0
      Commented on:
      Oil & Gas Headed Lower as Economy Strikes Consumers
      The best part about the oil decline is that it encourages OPEC members to cheat on their quotas even more than they already do to support their extravagent gov't spending.
      View article »
    • Tue Oct 14th 13:34 PM | Rating: 0 0
      Commented on:
      Roger Wiegand: Oil to Reach New Highs by Year-End
      I'll give you some data points...US demand for petroleum products down to levels not seen since 1999...Chinese stock market off 60% indicating a worldwide slowdown (no such thing as decoupling). And the marginal barrel to produce costs like $70 according to Saudi Arabia's oil minister.

      And you can't use that "what's changed since it was 150/bbl" line either, because 1) a lots changed as the wall street crunch has damaged the real economy and 2) nothing changed between 2007 and 2008 when oil more than doubled!
      View article »
    • Sat Oct 11th 18:06 PM | Rating: 0 0
      Commented on:
      Can Oil Prices Stay Healthy?
      Scammy is absolutely correct. Oil was 65 during the roaring global economy of 2007...how on God's green earth can it stay at 80 in the midst of a global recession in 2008. I'm sorry dreamers, demand isn't growing "unabated." The notion that oil consumption wouldn't be affected by a global economic slowdown is just silly and everyone who has said that should join Lehman and Bear employees on the unemployment line.
      View article »
    • Fri Oct 10th 04:45 AM | Rating: 0 0
      Commented on:
      Roger Wiegand: Oil to Reach New Highs by Year-End
      By the way, DOE just reported that US use of petroleum products dropped to 1999 levels over the past 4-week period. I realize that facts can be inconvenient sometimes, but there's really no way to ignore demand destruction at these levels. Lots of price predictions in the above interview, but a conspicuous lack of supply/demand figures other than the T. Boone pickens slogan of 85 mbd production with 87 mbd demand. NEWS FLASH econ101 says that price adjusts to equilibriate supply and demand. If demand was really outpacing supply by 2 mbd we would be drawing down inventories at record pace.
      View article »
    • Fri Oct 10th 04:34 AM | Rating: 0 0
      Commented on:
      Roger Wiegand: Oil to Reach New Highs by Year-End
      Is this man serious...no really...is he serious??? He even admits that the US might endure a severe recession/depression that drags down emerging markets in Asia, but then says oil demand will continue to rise regardless of economic growth...It's people just like this who blindly hold to a idea (like the notion that housing could never fall) and allow themselves to lever 30:1 and collapse the banking system. I can't believe this person actually sucks up oxygen that the rest of us in America need. THIS MAN NEEDS TO GO!

      Riddle me this BATMAN? If all of these hedge funds are going under and are being forced to sell their oil positions...then who pray tell will be going long crude oil when the dust settles? I-banks...whoops none of them left; pension funds...i think they've learned their lesson...who...i repeat...who will be in a position to build long positions in an environment of global deleveraging and asset deflation.

      Sure the US and RoW are printing money like mad to try to re-inflate the sytem, but as we exist in a fractional-reserve banking system this really isn't creating inflation because the banks aren't lending.

      Once again, this man is sick...I could see how you could argue for 100/bbl by year's end, BUT 157/bbl...It's almost like some analysts get paid based on the degree of ridiculousness in their reports. I challenge this man to put his entire net worth in January 140 call options on WTI crude oil. If he's right he makes out like a bandit and if he's wrong (but wait he shouldn't because the system can collapse and oil demand will never go down!) then he loses everything and we can stop wasting our time clicking on links to his interviews.
      View article »
    • Thu Oct 9th 17:27 PM | Rating: 0 0
      Commented on:
      Is Oil Demand Falling Off a Cliff?
      OPEC signalling that it might have to cut production only serves to reinforce the sentiment in the market that the oil markets are way oversupplied. That any funds are going long crude oil in this environment is unthinkable.
      View article »
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