Oil Breakout Alert - Kuwait, World's Fourth Largest Oil Exporter, Joins Demonstrations Demanding Regime Change

Tyler Durden's picture

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AR's picture

TYLER and Staff  /  We always admire, and appreciate your hard work, and consistant reporting (especially on a timely basis) on important news of the day.  We know it takes tremendous work.  There are folks out there who applaud your dedication.  Keep up the good work. 

eigenvalue's picture

The best way to support Zerohedge is to donate. However, I think Tyler needs to upgrade the payment system. As far as I know, not everybody on this planet can donate to Zerohedge. People from countries like China cannot donate money to Zerohedge because Paypal doesn't process their orders.

eigenvalue's picture

I think Tyler can provide a mailing address so that people can use postal service to send money to Zerohedge if Paypal doesn't process their orders.

Mark McGoldrick's picture

Just send it to Sprott Asset Management in Toronto.  I'm sure Tyler has some sort of direct deposit setup with them.

 

 

metastar's picture

Donations in Yuan might soon become more valuable than dollars, so TD would do well to find a way of accepting donations from China. If our government can accept support from China, so can TD!

Sudden Debt's picture

+10

Respect to all of you ZH guys!

malikai's picture

Agreed. I even click on the links every now and again. Especially when I see a TBTF show up. Makes me feel all warm and fuzzy knowing that the Squid or Morgue pays for their own demise.

NewThor's picture

No need to panic, worry or take your mind off of work, the radio or your television.

Ben "Phantasm 666" Bernanke is 100% positive that oil prices will not affect the

robust economic recovery. Jobs will be back to full strength by 2029. And a Unicorn will

be arriving at your door in less than 30 minutes to give you a hummer*. (Choose Oral Sex

or Vehicle. You can't have both.)

 

 

malikai's picture

Is "oral sex" by a unicorn a euphamism for unicorn horn anal rape?

NewThor's picture

"Getting Bernanke'd" = Getting raped while starving to death.

"Getting Barney Frank Bernanke'd" = Getting raped while starving to death

inside your underwater house while it's on fire.

 

johnQpublic's picture

not good

 

i feel a racist joke coming with the whole watermellon thing,but i'll leave that to the next guy

 

handing obama watermellon and fried chicken comes to mind.....

Sudden Debt's picture

please... tell the joke :)

you make me curious :)

Twindrives's picture

Obama graduated from fried chicken and watermelon in 2008. 

 

He's now dining on elitist specialties like middle class taxpayers and retired pensioners.  Bernanke prepares his dishes.   

Peace is the x-axis's picture

Down Under those of the "Green" political persuasion are commonly referred to as watermelons. Green on the outside. Red on the inside.

http://www.doubletongued.org/index.php/dictionary/watermelon/

New_Meat's picture

Watermellon: "Green" on the outside, "Red" on the inside.

Sudden Debt's picture

ha... ha... American humor?...

 

YOU GUYS REALLY NEED TO WORK ON THAT ONE!!

It's like watching a seinfeld show! You don't know what to do: switch the channel or cry!

New_Meat's picture

SD: might have just a skosh too much subtlety for ya. ;-)

- Ned

{but I still love your avatar}

gordengeko's picture

Think we need those Ju's to start making it snow over there.

Temporalist's picture

Everyone's favorite Marc Faber is long oil...and PMs, AG and RE.

Bullish on Energy

Marc Faber, Editor & Publisher of The Gloom, Boom & Doom Report discusses why he is bullish on energy in the long term.

http://www.cnbc.com/id/15840232/?video=1832818418&play=1

velobabe's picture

Bloomberg: experts say, oil and gold spikes can't last.

experts, mind you tyler, experts in the field of experting. guess silver isn't in a spike.

bitchez†

snowball777's picture

X is an unknown quantity. Spurt is a drip under pressure. So experts must be...

shushup's picture

It's for America to get rid of our regime - Obamonster(and his czars) and Bernankenstein.

snowball777's picture

Oh you poor man...you may want to get a sock or something to stuff in those.

Gene Parmesan's picture

Per the great Hibah Yousuf at CNN today, the "Oil and Gold Rally Won't Last."

http://money.cnn.com/2011/03/07/markets/commodities_oil_gold_predictions/index.htm?source=cnn_bin&hpt=Sbin

Of course, if you dig into Ms Yousuf's LinkedIn page you'll see that she graduated in 2009 with a journalism degree, and has worked 6 internships at places like Muslim Girl Magazine and NPR. That apparently qualifies her to be a reporter for CNNMoney.com.

malikai's picture

NEW YORK (CNNMoney) -- Oil above $100! Gold hitting new records! Don't fear the headlines. Most market experts think oil and gold prices will settle down as the unrest in North Africa and the Middle East region subsides.

Ok that was a good morning laugh. Like this is just some transient thing that will just fade away like the housemates from a big brother show.

Gene Parmesan's picture

The real nugget was at the end:

The handful of experts who did raise their forecasts for gold cited increased buying by consumers in Asia and the Chinese central bank, which is battling against increasing inflation in the country.

"Consumers in Asia" - are there many of those? And I'm sad to hear that they're suffering inflation over there. Better there than here I suppose, but still unfortunate.

 

Sudden Debt's picture

Poor Azians with their inflation issues....

 

 

malikai's picture

In fact, my wife is in China. And I can attest to extreme inflation over there for the last year. It has put a real hamper on things. And I can also attest to extreme difficulty in aquiring silver in the retail market there. Gold isn't so hard to get ahold of, but silver is practically nonexistent, and has been for the last two months. Something strange is brewing there with regard to PMs. While I can get silver by the bucketload here in London still, despite all the press surrounding shortages, there is none to be had for retail in the center of the world.

SilverRhino's picture

Sounds like an arbitrage opportunity to me.

malikai's picture

It would definitely be, if I didn't have a 20% VAT on silver + premiums + disturbing spreads to pay in London. People in the states who travel to China regularly are probably better able to realize the arb opportunity than I can.

Saxxon's picture

My Mother-in-Law told my wife people in Shenzhen are crossing over to Hong Kong to buy soy sauce! 

Perhaps William Banzai can confirm.

Temporalist's picture

That is funny.  What's even funnier is that most of the people in the survey link that did change their mind on gold have INCREASED their projections from the last survey and most of the projections are at a higher POG than at present.  http://money.cnn.com/markets/storysupplement/investment_strategists/?iid=EL

Snidley Whipsnae's picture

Anyone have a standing photo of Ms Yousuf?

malikai's picture

Oh and just in time for the premarket smashdown. All those chumps still short are gonna be in a world of hurt soon if this pans out.

Sudden Debt's picture

actually no.

Oil up = less purchasing power = less corporate "profits"

 

I was going to also say less tax revenue but those big companies that got bailed out won't pay any taxes for the next 20 years as they can write off their taxes on the bailout money they "refunded".

malikai's picture

I'm confused by this. Did you reply to the comment you thought you replied to?

snowball777's picture

You might want to clarify in exactly which securities the aforementioned chumps are short.

Sudden Debt's picture

what I mean is this:

 

The market will take a serious dip if oil stays high like this.

 

Never have petrol prices been so high here in Europe for example. This is not only because of higher oil prices but because governments tax the petrol prices to smoothen their deficits.

Normally we have what we call a “clicket” system which lowers the taxes if oil goes up to much. This system has been cancelled.

At this rate, is oil hits 200 dollars a barrel, we’ll be looking at 4 euro per liter. = 21$ per gallon

 

These prices are now already starting to cripple the transport sector very noticeable these last few days. It’s just not profitable anymore to ride out for them with fixed prixes when oil is so high. Expect DHL and UPS  to really take a hit here in Europe as they also have negotiated prices with their customers.

 

1.637 euro /Liter

=

8.632 dollar / gallon

 

 

(1 gallon = 3,78541178 liter )

 

 

First transportation and logistics will crash followed by retail....

The economy can only prosper when oil is cheap = FACT.

malikai's picture

I'm in London. They do the same dirty shit here too. There's no doubt that this oil shock will lead to recession and almost certainly recessionary collapse of oil prices in the interim. The only question is what levels the peak and trough will be. Its clear the loser in all this is the living working class. But I doubt TPTB give a flying fuck. They probably want us all dead or working their corporate farms anyway. 

bullionbaron's picture

Potential Gold/Silver targets based on $200 oil and previous ratios being repeated:

http://www.bullionbaron.com/2011/03/goldoil-and-silveroil-ratios-then-an...

max2205's picture

And this. Cramer calls for 1,000 pt DOW rally when Gadf goes.

Sudden Debt's picture

2 years ago, I actually watched that moron's show.

Just don't listen to it and don't read his stuff or you'll get bankrupt.

snowball777's picture

1000 call for Cramer to go regardless of what the DOW or Col Wake'n'Bake do.

malikai's picture

Col Wake'n'Bake.. Lol.. He does look like quite the stoner.