Crude Back At $100, Highest Since June 15, Going Much Higher Courtesy Of European Monetization Start

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
papaswamp's picture

Brent closing in on $120...great for European economies right?

Clueless Economist's picture

Hah I welcome $5+ Gas...I want to see Obamanomics crushed.

SoNH80's picture

$5.50 heating oil might be a joke for you, but for my friends and family, it means a long, hard winter.  This is reality, but you don't have to be such an a-hole about it.  The only crushees are the middle and working classes.....

mayhem_korner's picture

Check out wood pellet stoves if you can install it in your place.  Pretty quick payback at $4+ heating oil...

SoNH80's picture

The wood pellet mfg.'s always seem to price just about at oil prices on a per-btu basis.  Shipping goes up during oil spikes as well.  Replacing the ol' reliable dino-juice burner is $$$$$$ as well, and we have strict fire codes that make stove placement problematic in our Cardboard Acres home.  We'll just set the ol' thermostat at 58 again.....  

Pure Evil's picture

Well, as Jimmy Carter once opined, "put on a sweater and enjoy the malaise".

Not to be confused with mayonnaise.

http://www2.volstate.edu/geades/FinalDocs/1970s&beyond/malaise.htm

hedgeless_horseman's picture

We could invade Canada?  They have plenty of wood and oil.  I have done a lot of research, and Canada is closer to the U.S. than Iran!

Oh regional Indian's picture

Hey, energy solution for you. Dress warm. It's so simple. Here in India, in the north, in the plains (New Delhi etc.) it get's down to 32 degrees and no one has central heating and we have those terrible, british mandated (in 1922) concrete and cement and brick housese that are freezing in the winter and boiling in the summer.

In the winter, people just dress in many layers. Sleep in wollens, covered by wollens.

But we face the cold much more, it toughens you. Thoreau bemoaned excessive heating as one of our biggest weakeners.  Running hot water is too much of a luxury.

It's really not that hard. I've lived in upstate new york through two super harsh winters. Poor man's solutions. Oh, and don't sit and drink cold soda in a heated home. Drink lot's of teas.

It's really necessary to cut back. Before your back is cut for you.

ORI

http://aadivaahan.wordpress.com/2011/07/16/66th-anniversary-of-trinity-and-thoughts/

 

hettygreen's picture

No need to go through the expense of an invasion when we have been just giving it up for the last twenty five years. Unless of course to thwart the Chinese 'beach head' in Vancouver. I for one will welcome our new Asian/American overlords. They can't be any worse than the Harper despotism.

HungrySeagull's picture

We were raised on Coal then Oil. Oil was a luxury. Now we heat on Nat gas. So much cheaper than oil.

ZI think our old home needed 2500 dollars in oil to heat the winter back on the east coast. Down here in the South we only paid about.. 120 dollars to heat off Nat gas plus firewood chopped off our own timber.

It is theoratically possible to eliminate costs by converting to Solar and Geo over a long period of time. Same for cooling. Last year we burned 1700 kWh high summer and now we are only using roughly 540 kWh at the most. (Several hundred dollars knocked down to 35 or so) However it took a 8000 dollar replacement to make it happen.

Oh an about a thousand dollars worth of blown insulate material 6 feet deep in the center and 2 feet in the corners of the roof above us. 115 outside and 80 in here and sufficient to keep the computers pretty cool.

We once supported Oil in Alaska over a winter and that worked out to about 700 dollars per month. We made it happen until we sold the place but damn it... it hurt.

Don't choose to tolerate a life somewhere that sucks so much out of life, your money and makes you miserable. Stop banging yourself on the wall so much. Relocate somewhere else where things are better. It may not be high living, but is slower and easier on you.

Cheaper too.

SoNH80's picture

I hear you, Seagull.  It's the old family-friends-job-familiar territory dilemma. Maybe someday, I'll build that hut on a warm Pacific island.... I think I'll bid you all adieu ZHedgers, I've learned a hell of a lot from you all, but at some point, anger overload sets in about what's going on today.  This was a good place to blow off steam, but learning even MORE about how they're getting us can be a tough row to hoe cumulatively-- layers and layers, ignorance is bliss vs. knowledge is power.... keeping the wheels on vs. taking a stand.... you all know about that. We'll see how things go, *maybe* there will be a change for the better, but in the meantime, peace and good luck.

-SoNH80

HungrySeagull's picture

See you on the beach, Been thinking about a small Ocean Going vessal myself and use the Intracoastal waterways to shuttle between the seasons making our way as we go.

 

Yea one can get very angry reading ZH if it gets to them.

francis_sawyer's picture

Insulate the walls with empty beer cans...

magis00's picture

chaff for metal detectors, too. bonus!

Azannoth's picture

They only thing that supports the current system is the middle class, we won't get any revolution till the middle class has nothing more to loose

SoNH80's picture

Too bad the idle rich can't take the ball and run with it..... too busy sailing between St. John and Maine I guess...

ItsEvolutionBaby's picture

LOSE LOSE LOSE LOSE LOSE LOSE LOSE LOSE

Write it out 100 times.

French Frog's picture

Can anyone recomend a good board/blog/website for daily trading/commentary on crude?

SoNH80's picture

They have a gazillion links along the left side of the screen.  Peruse around.

Spastica Rex's picture

I'm there frequently and never looked past the center column. Learn sumthin' new every day!

LFMayor's picture

weren't you just leaving?  Anger management or something?  I read that if you have bunyions acting up on your mangina that heating oil will soften them and ease the pain.

lunaticfringe's picture

Geezus. Lighten up Francis.

francis_sawyer's picture

You just made the list buddy...

SheepDog-One's picture

'This only crushes the middle and working classes' then get off your ASS middle and working class and crush THEM! 

SoNH80's picture

I'm voting for Ron Paul in the NH Primary.  Best plan I have thus far.

Spastica Rex's picture

I'm not voting at the national level ever again, period, because I won't do anyhting that even appears to add legitamcy to this fully corrupt system.

SoNH80's picture

You are 100% right, but voting for RP will make me feel better, and his winning in NH might make the swine sweat a little. 

hedgeless_horseman's picture

Vote a straight WON AND DONE ticket, especially for judges.  That is, vote against all incumbents...term limits instituted by the common man.  Drives up lobbying costs.  Drives down legislative productivity.

 

LFMayor's picture

excellent.  +1 forced term limits

dbach's picture

I hope you own good walkin shoes. Sucks for suburbanites though.

HungrySeagull's picture

Shoes?

 

Get a pair of Belleville Vibriam USMC Hot weather vehicle boots. No trouble.

hedgeless_horseman's picture

Their 220 DES ST Hot Weather Safety Toe Boot is better, because the sole is sewn on instead of glued.

wsmith's picture

Obama has no power.  He takes his orders like all the other serfs.

America no longer exists.

We are now the United States of Goldman Sachs.

But what the fuck do I know.

Anyway, so long.

And God Bless all you Marxist cocksuckers.

http://geraldcelente.proboards.com

Mr Lennon Hendrix's picture

No.  We still have the power.  Goldman Sachs controls nothing unless you want them too.  How many millions of us are there.  How many Walled Stret whores.  We have the numbers, and we have the power.  But we have to stand up and fight.  Unless you are marching against them, you are fighting for the enemy.  You can whine all you want about the banksters, but until you are pro active, and maybe you are, you are fighting for the enemy.  If all we do is whine, we will not take our freedom back.  We must march.

Ahmeexnal's picture

worthless hyperinflated euro fiat freegold?

HelluvaEngineer's picture

Time for brain dead flouridated Americans to get what they deserve.  Break out your credit card, bitchez!

HelluvaEngineer's picture

Lucky for them the 0% prequal letters are pouring out again.  I received one the other day - 0% for 15 mos on new purchases with no transaction cost.  Might be time to buy some pretty silver coins.

HelluvaEngineer's picture

I never said anything about not paying it back.

francis_sawyer's picture

I'd love to see the default rate on those Kardashian cards...

Vic Vinegar's picture

It is a pretty hilarious concept but I don't think you could default on one of those puppies:

For example, a prepaid card endorsed by the Kardashian sisters last year disappeared faster than some of the reality stars' boyfriends after consumer advocates and then-Connecticut attorney general Richard Blumenthal blasted the card's fees. The Kardashian card cost $99.95 for a 12-month plan, plus additional fees for ATM withdrawals, balance inquiries and calls to a customerservice representative. (The card's creator, Revenue Resource Group, recently filed a $75 million lawsuit against the Kardashians for withdrawing their endorsement.) Sen. Menendez adds, “although it’s argued that giving your teen a prepaid card helps them understand the value of money and money management, if at the end of the day all they are doing is running to you to fill it back up every time the card runs out of money, what lesson are they really learning?”

http://www.blackvoicenews.com/news/46416-fed-prepaid-cards-target-low-income-with-excessive-fees.html

Don't click on the link trav! 

mayhem_korner's picture

SPR restocking fee just went up.