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This is not the $104 brent crude you are looking for. Ignore everything and just BTFWW3.
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You can't bother the sheeple amerikans with talk of WW3 and expect to garner any interest.
Now WOW expansions, that's a different story.
apparently, the EUR is the new flight to safety?
Yeah, I'm at a loss on that one as well?? Will wonders never cease...
there be no shelter here
If your into currency load up on Euros.
All the PIIGS, are getting kicked out, and value of the EURO will eat the $ ass.
per jsmineset.com a few days ago
Dear CIGAs,
When Harry speaks, I listen. I understand he is writing monthly for the Adens.
Dean Harry Schultz send us the following:
Buy euros because Greece, Spain and Portugal are going to default. Germany controls Europe.
Theme: The weak countries will be forced to leave the euro. The euro thus becomes stronger.
Recommendation: Buy and hoard euros.
This makes sense, or at least is ok for diversification of assets. Especially if you live in the EU.
Harry
Might as well put that money on "black". There is no guarantee that it will play out that way.
Especially not considering all "financial hawks" are evicted from offices around the world.
Yeah, Germany controls Europe, and Germany wants a weak Euro because it helps their manufacturing and exports-oriented business to no end. Can you imagine if Germany still had the Deutsche Mark how much stronger its currency would currently be? Some 40% stronger? So why would Germany decide to give that up?
Capital Research Institute
http://www.capitalresearchinstitute.org
that dont make no sense, if kicked out they dont get the money the piigs owe and how you gonna sell to someone who already owes you money. thats a play after the new currency over there come out. the new and improved currency, excommunicating the piigs
Rumor, news, your personal position on the matter or just something I missed?? Thanks DZ.
Desperately pumping the Euro hoping it will make everything else look like it's ok..the farcical nature of all of this is simply staggering.
I'm thrilled to see someone else besides myself gets it. Bravo! There is hope afterall!
Let's hope that China wakes up to the fact that the EU has played a big bad joke on them!
The front-line is everywhere...
Nah, It's Swedish Krona or Oz dollar. Which says a lot more 'bout the rest of the world than it does Sweden or Oz.
BTFD on WTI.
It is, my friend. Trust me. Just buy some Euros. And remember, Mrs. Merkel said: "The Euro is safe." You also get a T-Shirt for free: "I saved the Euro."
And no, don't listen to these rumours about Portugal, Spain, Italy, Belgium, Cyprus, Finnland. No,no these are veeeery baaaad rumours, cheap propaganda stuff, ya know.
Now, repeat after me: "The Euro is safe."
Oh Trichet said something today about the United States of Europe, btw.
---
I want my Deutsche Mark back.
"Oh Trichet said something today about the United States of Europe, btw."
Sooooo...Maybe I should get out my copy of Herbert Armstrong's _The United States and Britain in Prophecy_?
CW
Good Lord, Herbert W. Armstrong ... now there's a name I haven't heard in a long time.
Here he is talking about the U.S. and Britain.
http://www.youtube.com/watch?v=6yeBQtSLDRc&feature=related
No, the euro is in a downtrend and will not bottom until April. It will drag the stock market down with it.
i thought cloud computing was the flight
icanhassilver?
Thank god this doesn't affect the PPI or CPI numbers.
Of course there is no inflation. haha
Focus on the core young Skywalker...which for the record will soon be calculated by taking the headline number ex-everything-but-housing due to volatility.
This is so wierd...WTI vs Brent....gold and silver...Interest rates...treasuries..I don´t know what to believe in..maybe Obamas revenue projections I guess..
UGA at fresh, new highs for the move.
USO still waffling around near the low end of its trading range.
= Fantastic profiteering by the refiners: TSO, VLO, WNR, MRO
After getting browbeaten the last 3 years, they will be exacting their pound of flesh by deliberately charging the most outrageous margins to the independent gas stations.
But, of course, that still won't stop teen retailers like ANF from launching even higher.
hey catfish mouth robo (your words) is it easy to make money trading today, or is it a jungle out there for survival? since your belief (at least for the next few minutes) is that there's no inflation (your words) then load up on those auto stocks.
and since you believe the jpm silver short position is a myth (your words yesterday) why not short silver and make a bundle when the myth becomes reality. then you'll really be in a position to school gentleman jim sinclair when the gold silver trade collapses in a heap.
Is that you robo???
Welcome back from vacation man, missed your posts (specially the pics)!
Situation Normal, All -- wait, how does it go again?
SNUFA? Uhhh... FARBU? I give up.
Good thing that food and energy prices are not relevant in CPI calculations. The public might be tipped off that the cost of living is rising. The NFL and the NFLPA had better resolve their differences soon before the NFL season is jeopardized. the absense of NFL action might prompt Americans to take the blinders off and pay attention to the real world.
Nah, they'll just line up outside the local methadone clinic for double-doses of 'arena' football.
warning that UK could go "belly up"
http://nakedempire.wordpress.com/
When is the next I Phone going to be announced....we have to get back to normal
Not new but affordable:
http://thetechjournal.com/electronics/iphone/amazing-offeratt-will-sell-...
all your oil r belong to us.
as per usual mildly bearish weekly stock figures out today , fundamentals ignored as the norm .
too infinity and beyond....
Crude
Possible back test of breakout...
http://www.zerohedge.com/forum/99er-charts-0
Not WW3, more World Civil War I.
Correction: World Revolutionary War I
I wish.
Unfortunately it will end with, not start with the US. Try even assembling peacefully in protest without getting a nightstick to the back of the head from your helpful and courteous law enforcement officers.
(accompany each with a Jedi wave of the hand)
"This will not affect food prices."
"Horse and oxen grow our food and transport goods and people; not those new-fangled internal combustion engines."
"Gold and other precious metals are not currency because you cannot eat them and they hold no value for the cultures of the world."
"The database dollars in your 'bank account' consisting of nebulous and immediately changeable and deletable 0's and 1's are worth more than a loaf of bread, potable water, and liberty."
"Your government and the corporations and businesses of the land care about you and your children, and are stewards of the greater good and of the future."
I thoroughly enjoy your posts, sir.
Hey, lets give them some credit... flood the line with WTI (thanks Alberta)... "what's Brent got to do with it... got to do with it"... good old fashioned American ingenuity!
West Texas Infatuation:
Woo woo woo woo
What's Brent got
That I ain't got?
What's so special
About a Nordic earl girl?
Oh, where oh where has my WTI gone?
Oh, where oh where can it be?
With it's price cut short
And Brent's cut long
Oh, where oh where can it be?
FYI some computations are underway on how to get WTI to the Gulf coast for either access to the refineries down there or shipment to China, in order to get its price up to the Brent price (and lower Brent just a tad on new supply).
The bottom line seems to be $8 to truck or rail ship it south from Cushing, plus another $1 for administrated crapola.
So the spread should close down to $9ish from the present 18 or 19. The spread will grow from there, however, since WTI is drying up.
Look very carefully at Exxon's new discovery report yesterday. They replaced only natgas, not oil. There was talk of "barrels of oil equivalent" which is euphemism for "we're hiding depleting oil with gas statistics".
Can someone please shed some light on the $18.25 spread between WTI and Brent? I mean WTI used to trade at a premium and now its a near 20 dollar discount?
This has been covered. It's a pipeline issue. Canadian oil is filling Cushing Oklahoma tanks and that is the pipeline destination for what little WTI is still produced. The pipelines OUT of Cushing do not flow south to Houston, so that oil can't compete with the imported oil going to the refineries there, or to China and India. Chindia are the big consumption growth locales and WTI can't get to them, so it is less valuable.
The new proper price of oil is Brent, and it is $104 / barrel. The refineries on the Gulf coast are paying that for input, and you'll pay the consequent gasoline price on the output.
Much appreciated.
im not sure i understand. why would the refineries buy brent when they can buy up all the wti available first? wouldnt that increase the price on wti?
I turned on MSNBS this morning (I really need to stop doing that before my first coffee) and saw oil listed at 88. Big huh???? from me. Then I realised they were listing March futures not Brent or WTI. Interesting.... why would they be listing futures contracts but not current prices?
Current prices scare people.
Duh. Why should they not be scared? It is civilization's alpha asset and it has been north of $90 barrel in 3 of the last 4 yrs. That has never happened before until now.
Some of those mega giant fields have been pumping for 70 years. They aren't infinite. The end has to arrive sometime. But you can rest assured that whenever that time is, there will be lots of guys who will say "blah blah, yeah, I've heard this before, it's crap. It is not yet." Doesn't matter when it happens. There will be people who say that -- even if the price is $1000/barrel.
can they rail ship wti greater quantity from Cushing than the Canadians keep delivering it by pipeline ?
Canadian oil fills the tanks. Blocks out WTI. Canada doesn't produce WTI.
You get a similar effect with Canada (Alberta) oil not easily shipped to Quebec.
There are logistics in play here, but the bottom line is the US produces only 5 mbpd of oil and consumes a lot more than that. It gets imported and the imported oil is priced at what the market will bear. It is a market that can't get WTI so WTI's price is no longer definitive.
agreed but the Canadian crude is causing the glut in Cushing
who was it that wanted my December $125's? I wish I could re-call the name... ruffly quoting myself, "no, I dont want to take your money away from you..." lol
so yeah, whats with the 20 dollar difference between BRENT and WTIC?
my CL position is killing me.
Some food for though, from today's WSJ
http://online.wsj.com/article/SB10001424052748704409004576146362117313094.html
Exxon cannot replace their oil reserves....don't be fooled by NG and NGL being counted as boe, they are not.
Wow, thanks for the link !!
I think i've got it now. We just take some hydrogen and carbon, mix them together and *WHAM* - Hydrocarbons.
Party on!!!
Thank you, thank you very much.
WTF is BTFWW3?
Buy The F*&^ing World War 3
"Camp of the Saints"--coming to a reality near you.
Or is it, "The Road"?
When Brent sells for $104 and WTI sells for only $84..
How long before the producers are going to shut down their pipelines and divert all sales to Europe and Asia?
Correct me if I'm getting this wrong but isn't this a clear and evident example of how the US government is trying to keep the genie in the bottle?
Oil // the price and the supply of oil are a matter of national security.
Therefore, like any desperate central planning currency diluting government would, the US government manipulates the price downward or at least tries to control the price. This is exactly what killed the USSR and the USSR economy. They starved to death because their currency wouldn't be able to afford the energy they needed to run the combines on the Russian plains.
Europe and Asia are paying the premium of what looks like $20 to the barrel on Brent measured in the same currency.
Tell me if I'm wrong.
For all the Silver bugs out there.. this just came across my desk:
I hear we are importing more from Canada and the oil sands. This has the effect of causing high inventories in the WTI hub. Low prices here. Europe uses Brent and Saudi oil. Trouble in the middle east may disrupt their supply. High price there. It costs alot to transport oil. But may be worth it at a $20 spread.
Bottom line: the US has a competitive advantage with cheaper oil. This is as we are devaluing the dollar, too.
gh