Thanks a lot now I'm not going to get anything done this weekend because I'll be reading all the forums which will end up giving me a confirmation bias. This Chris guy seems to be inferring a lot but everything makes sense and gives me a warm fuzzy feeling. I have been telling my friends the same thing about all this Iran BS sucker them in and leave em' with the bag or in this case a barrel of oil they paid to much for. At least he said Qatar is hedged so that Lamborghini dealership I wanted to open there will so do pretty well. Did anyone see that 60mins piece on Qatar? god damn they have some ugly women :eek:
We go through oil like nobody's business. 19 million barrels per day. The great new bakken field for all its hype, is about a years worth. They gonna sell crude? Btfd.
not only that, this idea of domestic production is a joke. You think I'm going to sell it to you cheaper because you are my neighbor? Sorry man, it's going to the highest bidder.
I don't know what hyperbole is, so most likely belying understanding. You sound smart, we burn about 80 million a day, how many does the earth produce in a day? at that rate, will we ever run out? I'm not going to live that long so it really doesn't matter to me
He hasn't posted his thoughts yet on "the re-birth of the global market in crude oil in new form". I looked. I'd really be interested in his thoughts on this as well. The first post here just came out about a week ago and the second one is from 2006. We'll have to keep an eye out for his "rebirth of the global market in new form" post. Very knowledgeable guy who has been right in the thick of this and involved at a high level for years.
well at anyrate, thank you for posting those articles. I feel sort of like the lady on TV who buys Prego instead of Ragu and starts to wonder what else she has been missing. For the most part I am pretty skeptical, but I can see how I have been sucked into the whole deal. I liked my life when it was simple. Now it is more complex, and I have to think about everything. Like I said, when I came back to the market after a hiatus, I knew something was wrong with corn, and I knew it had something to do with Goldman Sachs.
You're welcome. Share what I can. The best part of your post here are the last few words "I knew it had something to do with Goldman Sachs". This could be a universal mantra on Wall Street. I posted an article 6 months or so ago in which it described how the price of aluminum was climbing in no small measure due to Goldman Sachs buying huge amounts and warehousing it until the price went even higher. When I heard that Goldman was using the taxpayers bailout money to buy oil tankers to store oil in this way too, I knew that wasn't what the average guy or gal had in mind on how to spend their tax dollars.