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  • Why the U.S. Automakers Should Get a Bailout
    Okay, lets agree with your premise that GM and Ford deserve a bailout.

    I just have one question: who is going to give it to them?

    The next thing after this G20 meeting this past weekend, is for the IMF
    to review the accounts of the US Government, under GAAP rules.
    And when they do, US Treasury debts will be reduced to junk status, as they
    have deserved for some time.

    And then what?
    Nov 16 08:48 am |Rating: +3 0 |Link to Comment |View article
  • Crudomania Is Over
    have you stopped buying gasoline?

    at what price will you stop buying it?

    that's the price we are going to have.

    soon ....
    Jan 06 09:00 am |Rating: +2 -1 |Link to Comment |View article
  • Fiat Money and a Profligate Congress: A Bad Combination
    The jist of this opinion piece is old, old news but its nice to see it begin to
    show up in mainstream outlets. A few comments from recent events:

    Iraq under Saddam Hussein made the first moves away from US currency as world currency. That was the deepest "real" reason they were invaded and occupied.
    China, in the past two years, has ramped down their accumulation of US currency and obligations. So has Japan. It should be obvious where the new borrowing is coming from even though you won't be able to read it anywhere for awhile longer.

    There is not enough gold in the whole planet to use it as world currency. For that to work, a single one-ounze gold coin would have to have the equivalent value of about one year of service from a typical middle-class worker. How do you make change?

    The most likely scenario I can see, going forward, is that crude oil becomes the new world currency. That still leaves the United States so deep in debt
    that it will never be able to pay. Voting out the scoundrels does not seem
    to work, they seem to be as inexhaustible as the paper coming out of the Bureau of Minting and Engraving. I fear armed insurrection.

    Interesting times ....
    Dec 12 09:20 am |Rating: +2 -1 |Link to Comment |View article
  • Retail Investor Oil Consensus for 2009
    fine.
    Just remember, most people's predictions turn out to be wrong, most of the time.
    Jan 06 07:37 am |Rating: +1 0 |Link to Comment |View article
  • Gold Coins Are in Short Supply, So Why Doesn't Their Price Rise?
    You can still get gold coins on eBay.

    I have yet to see a good writer explore what will happen when the money supply goes down to zero. Would you care to give it a try?
    Nov 04 05:07 am |Rating: +1 0 |Link to Comment |View article
  • Reader's Comment: Oil Stocks vs. Oil Trading Strategy
    last summer,
    the oil stocks plodded along
    while the price of crude went ballistic.
    That might have been a red flag -- that we were nearing the near-term peak.

    For the last couple of weeks,
    the oil stocks have been making smart moves up,
    again, perhaps, leading the price of crude?

    Sooner or later, any "quant" method is going to get busted by the market.
    Hang loose!!!!
    Jan 05 08:59 am |Rating: 0 0 |Link to Comment |View article
  • Mosaic Pre-Announces Production Cuts
    Less potash now
    means less food next year
    (this is not rocket science, folks)
    There was not enough last year to feed everyone.
    So there will be widespread famine.
    Dec 02 09:12 am |Rating: 0 0 |Link to Comment |View article
  • Coal's Dark Days Are Over
    You forgot to mention Patriot Coal, PCX,
    the appalachian spin-off from Peabody,
    which is now down to a price of around 14
    after reaching highs of (adjusting for the split) above 80 ....
    next year's earnings are still estimated at above $5/share,
    this is an unbelievable opportunity for sharp investors ....
    Oct 17 05:06 am |Rating: 0 0 |Link to Comment |View article
  • Hurricane Damage Impacts Oil Price
    yes, demand is down.
    Its the latest repeat-ad-nauseum-and-... just in case someone was making too much noise eating potato chips and did not hear it, from our beloved media.

    When, oh when, will you also report that production is down? Not just because of two hurricanes, but permanently? Forever? And its still getting worse?

    Before the hurricanes, the USA production had declined another 2% for the year, or over 40% from its all time high.

    Meanwhile Pemex reports that their production has now slipped another notch, now under 50% from its high five years ago.
    Norway reports that its production has also slipped, to 60% of its all-time high several years ago.
    Nigeria you should know about already.

    And while everyone listens assiduously to every word coming out of the Saudi and other OPEC oil ministers' mouths, you seem to gently overlook what they are doing: actually reducing output and exports.

    Oil is never, never going to get cheaper.
    even in constant US dollars.
    And as usual, you are so busy cleaning up the last mess that
    you are not anticipating the next one, inevitable though it is ...
    Sep 28 14:57 pm |Rating: 0 0 |Link to Comment |View article
  • Oil Price Speculation Truth Begins to Leak into Mainstream Media
    what a toilet full of pompous pontification.
    You might want to shut up for awhile and do some serious reading.
    Perhaps if you move to Nashville, where they are even now experiencing the beginnings of serious, prolonged gasoline shortages, you will
    have the time on your hands to do some real research.
    Sep 23 09:08 am |Rating: 0 0 |Link to Comment |View article
  • Buried IAEA Report Could Give Oil a Big Boost
    "The IAEA and the US see Iran’s refusal to cooperate as a clear sign that the regime refuses to cooperate ..."

    um, gee, that's pretty astute ...
    Sep 17 14:29 pm |Rating: 0 0 |Link to Comment |View article
  • On the Need for Better Auto Sales Metrics
    why bother at all?
    Only someone totally absent from reality would buy any car company stock right now anyway. Besides, GM and Ford are beyond bankrupt and the only way they can stay in business is as GSE's ....
    Sep 05 09:02 am |Rating: 0 0 |Link to Comment |View article
  • Naked Short Selling Ban
    very nicely put.
    Aug 28 06:51 am |Rating: 0 0 |Link to Comment |View article
  • I.O.U.S.A.: Documentary Worth a Peek
    You cannot debate "government spending is too high" versus "government spending is okay or too low" without discussing where the money is going. The priorities have been altered, gradually, hugely.
    In the fifties and sixties some 2/3 of non-entitlement spending went for building and repairing the infrastructure and caring for americans who could not care for themselves. Today, however, 2/3 of non-entitlement spending goes down the drain fighting losing wars, propping up petty dictators, rescuing investment houses which made very stupid bets, and harassing and spying on american citizens in the name of "security". Meanwhile the infrastructure is crumbling. We have become obsessed with money for its own sake, completely losing track of the fact that money is only paper and has no value at all, and we are either ignoring or systematically destroying all the things that do have real value, such as doing quality work for other people, doing service for other people, manufacturing beautiful and useful products, and so forth ...

    A few movies and diatribes notwithstanding, the personal and governmental debt situation in the USA has already passed the crisis stage and is now guaranteed to bring down the government, its only a matter of time, and not even a lot of that ... some real pain is coming down the tracks, and a few people are going to be spanked ...
    Aug 26 08:17 am |Rating: 0 0 |Link to Comment |View article
  • Ugly Thoughts for a Pre-PPI Monday
    Increasingly, people are getting more and more vocal about refusing to pay higher prices for gasoline. The only alternative is a concept
    we learned from nominally communist societies:
    price controls coupled with perennial shortages.
    That's next.
    Aug 18 14:32 pm |Rating: 0 0 |Link to Comment |View article

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