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Saudi Police Open Fire At Protest Rally

Tyler Durden's picture


AP reports that the Saudi police open fire at protesters in Qatif after government warns demonstrators it will not tolerate protests. In other words, the shootings will continue until morale is restored. Look for crude to go antigravitational here.

And whoosh:

From AP:

Saudi police have opened fire at a rally in the kingdom's east in an apparent escalation of efforts to stop planned protests.

officials have warned they will take strong action if activists take to
the streets after increasing calls for large protests around the
oil-rich kingdom to press for democratic reforms.

witness in the eastern city of Qatif says gunfire and stun grenades
were fired at several hundred protesters marching in the city streets
Thursday. The witness, speaking on condition of anonymity because he
feared government reprisal, said police in the area opened fire. The
witness saw at least one protester injured.


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Thu, 03/10/2011 - 14:27 | 1037124 Yield2Greatness
Yield2Greatness's picture

And so it begins.

Thu, 03/10/2011 - 14:40 | 1037191 Larry Darrell
Larry Darrell's picture

TPB need to quash this so they can perform their stick save at 1300

Thu, 03/10/2011 - 14:42 | 1037206 Max Hunter
Max Hunter's picture

I think this headline deserves the Donkey Kong

Thu, 03/10/2011 - 14:56 | 1037283 Michael
Michael's picture

Oh, its on like Donkey Kong now.

Rebels to sabotage the oil fields next to weaken the power of the House of Saud.

Thu, 03/10/2011 - 15:47 | 1037586 kengland
kengland's picture

Bull sheet. Ron Insana told us all 4 weeks ago that Tunisia and Egypt were one offs and are irrelvant. Are you telling me that he was wrong? WTF? How can a former CNBC'er gone hedge fund loser be wrong?

Thu, 03/10/2011 - 15:51 | 1037609 EscapeKey
EscapeKey's picture

Well, technically he was correct. Tunisia was a one-off in Tunisia, and Egypt in Egypt (thought this potentially is subject to change).

Thu, 03/10/2011 - 16:01 | 1037656 Drachma
Drachma's picture

Anyone hear anything about the status of Zine el-Abidine Ben Ali or Mubarak? Didn't they both catch the coma flu recently?

Thu, 03/10/2011 - 14:43 | 1037223 Dr. Richard Head
Dr. Richard Head's picture

Nothing is beginning.  Go buy some stocks Y2G. 

Hillary Clinton says that our country needs to be supportive of other citizens of other countries to demonstrate freely.  That is why the US LOVES Saudi Arabia.

US and Saudi sitting in the tree,

Despotic tyranny

First comes the oil, then come the dollars, then come the protestors in the funeral carriage.

Thu, 03/10/2011 - 14:48 | 1037245 theopco
theopco's picture


Thu, 03/10/2011 - 14:53 | 1037264 Dr. Richard Head
Dr. Richard Head's picture

As is your alpaca.

Thu, 03/10/2011 - 15:07 | 1037356 That Peak Oil Guy
That Peak Oil Guy's picture

On the other hand, is it possible that the US is more worried about China and have decided that a little unrest in the MEA region may help with the China problem?  Asia gets almost all its imported oil from the region.  US internal and Canadian supply is locked in.  In a beggar-thy-neighbor world even if exports from the MEA region go to zero the US will still fare better than China.  Not well, but better.


Thu, 03/10/2011 - 15:11 | 1037382 Flakmeister
Flakmeister's picture

Follow the oil.....the US can weather a mid-east outage for a while with the SPR. 

Thu, 03/10/2011 - 15:45 | 1037559 Yardfarmer
Yardfarmer's picture

you could be uninformed. russia is now largest exporter of crude in the world. sino/russo agreement months ago to cease denomination in crude in dollars assures the chicoms plentiful and inflation adjusted access to russian crude for the indeterminate future. chicom investment across Africa will continue unabated. on the other hand,china just posted a surprising multi billion dollar trade deficit. only a drop in the bucket compared to unprecedented US $223 billion added to the debt pile in February. US better? think not. it wouldn't hurt to position and prep yourself for a catastrophic outcome.

Fri, 03/11/2011 - 02:09 | 1039726 Flakmeister
Flakmeister's picture

 There are 2 key oil flows to follow and monitor:

  1) As you point put, Sino-Russo. Do the Russians pump east or west?

  2) Venezuela:  China or America?

Short term given the infrastructure and flows, the US has a small advantage. How it plays out, who knows. US oil supply is more secure, and if push came to shove, the US could shave 1.2 mm bpd at some pain. There is little or no growth in Chinese suppy short term, and little to fall back on.

Call it an educated guess, I think Russia looks west for cultural reasons and also to keep China in check.

Venezuela is a wild card, Chavez has already promised and is supplying China with a good chunk of their net exports. I think the US and China will agree to ~50/50 split...

Thu, 03/10/2011 - 15:21 | 1037450 ZackAttack
ZackAttack's picture

I declare this rhyme as today's Winner of the Internet.

Well played.

Thu, 03/10/2011 - 16:36 | 1037804 Dr. Richard Head
Dr. Richard Head's picture

Much thanks.

Thu, 03/10/2011 - 15:42 | 1037555 Alienated Serf
Alienated Serf's picture

Fairy tales for the revolution.

Thu, 03/10/2011 - 17:10 | 1037940 andybev01
andybev01's picture

Dr. Head, FTW.

Thu, 03/10/2011 - 14:55 | 1037278 Joeman34
Joeman34's picture

Yup, pop some popcorn and crack a beer, the real show is starting.


If you're not long oil by now, you should be...

Thu, 03/10/2011 - 15:58 | 1037618 OliverTwist
OliverTwist's picture

Good evening to everybody,

Just one consideration, which came to my mind while I was reading some of the posts. I dont think that all this is a "show" and one should not see it with popcorn and beer in one's hand. In reality there are people fighting and dying.

I mean it is ok to earn some money with oil futures, but I would prefer to earn some money without all this sad things happening in the world.

Good trading and don't forget about the real values in life.

As I sad it is only a consideration, nothing personal to anybody.

Thu, 03/10/2011 - 15:59 | 1037628 OliverTwist
OliverTwist's picture

Good evening to everybody,

Just one consideration, which came to my mind while I was reading some of the posts. I dont think that all this is a "show" and one should not see it with popcorn and beer in one's hand. In reality there are people fighting and dying.

I mean it is ok to earn some money with oil futures, but I would prefer to earn some money without all this sad things happening in the world.

Good trading and don't forget about the real values in life.

As I sad it is only a consideration, nothing personal to anybody.

Thu, 03/10/2011 - 16:39 | 1037818 Joeman34
Joeman34's picture

It's just an expression... 

And I, for one, don't think the events in the ME/NA are at all sad.  I feel they are very exciting - citizens are fighting for freedom and an equal share of resources and profits derived from those resources.  Yes, it's sad that people will die in the fight, but freedom does not come cheap.  We here in America can learn a few things from our ME/NA brothers and sisters...

Thu, 03/10/2011 - 15:08 | 1037366 centerline
centerline's picture

note to self:  time to start buying the next priority level items on the survival must-have list.

Thu, 03/10/2011 - 15:33 | 1037517 covert
covert's picture

so, how many martyrs can we make out of this. this is our chance to turn THE WHOLE WORLD against the king in favor of liberty. who wants to waste this opportunity? document the names of all those who are killed and use the media to martyr them!


Thu, 03/10/2011 - 14:27 | 1037126 Raymond K Hassel
Raymond K Hassel's picture

Season one of 'It's always Sunni in Saudi Arabia'

Thu, 03/10/2011 - 14:33 | 1037158 Robot Traders Mom
Robot Traders Mom's picture


Thu, 03/10/2011 - 14:36 | 1037176 Judge Judy Scheinlok
Judge Judy Scheinlok's picture


Either waste $150 billion and buy Fagbook or fire a couple of live shots into a group of idealogs.

If I were King, I'd shoot and invest the savings into PM's ;)

Oh, who would ever wanna be king.....

Thu, 03/10/2011 - 15:15 | 1037418 Charlie
Charlie's picture

Good one.

Thu, 03/10/2011 - 15:18 | 1037428 IQ 145
IQ 145's picture

 Droll; very droll.

Thu, 03/10/2011 - 14:29 | 1037129 bob_dabolina
bob_dabolina's picture

Tim Geithner sucks

Thu, 03/10/2011 - 15:02 | 1037321 AG BCN
AG BCN's picture

he does.

Thu, 03/10/2011 - 15:08 | 1037364 EscapeKey
EscapeKey's picture

Hmm, personally I reckon Obama's the bitch in that relationship.

Thu, 03/10/2011 - 15:13 | 1037405 bob_dabolina
bob_dabolina's picture

Obama sucks

Thu, 03/10/2011 - 15:42 | 1037560 buzzsaw99
buzzsaw99's picture

Owebama sucks, turbo blows.

Thu, 03/10/2011 - 14:28 | 1037132 max2205
max2205's picture

I need $1,000,000 to buy and ship rocks to Saudi...anybody want in?

Thu, 03/10/2011 - 14:30 | 1037144 Larry Darrell
Larry Darrell's picture

Cheap ass.  Raise a couple million more and send them guns.

Thu, 03/10/2011 - 14:37 | 1037178 alien-IQ
alien-IQ's picture

No need to. Unlike other ME countries who have seen recent "unrest", it is estimated that 80-90% of the people of SA own a gun and of those, a full 50% are AK 47's...So...this could get really weird really fast.

Thu, 03/10/2011 - 14:40 | 1037198 Larry Darrell
Larry Darrell's picture

If that's correct, I'll be extra happy I got laughed at when I loaded up on some extra seeds 2 weeks ago.

Thu, 03/10/2011 - 14:44 | 1037226 alien-IQ
alien-IQ's picture

got me a keg of Guinness, a bottle of Glenlivet 16 and a carton of American Spirits...I'm good to go. Let the show commence.

Thu, 03/10/2011 - 14:50 | 1037259 theopco
theopco's picture

Ah yes, the hippie bomb shelter stash...


I keeeed....

Thu, 03/10/2011 - 16:21 | 1037748 I only kill chi...
I only kill chickens and wheat's picture

Good to see another American Spirits lover. Next best my homegrown NC Burly. Time to start up the garden, bacco seeds for planting.

Thu, 03/10/2011 - 14:46 | 1037239 Temporalist
Temporalist's picture

Who laughed at you?  People that don't eat?

Thu, 03/10/2011 - 15:05 | 1037347 Big Corked Boots
Big Corked Boots's picture

People that don't think.

Thu, 03/10/2011 - 15:37 | 1037527 Larry Darrell
Larry Darrell's picture

It was actually that "nervous" laughter.  They are my friends, and they were giving me shit about my tinfoil hat again.  But more and more often, their laughter is of the nervous variety because they know I'm no fool and my preparations have not been haphazard, but well planned and executed over time.


Will I be ready??  No, but I won't be unprepared either.

Thu, 03/10/2011 - 15:05 | 1037346 aerojet
aerojet's picture

Goddamnit, I'm so tired of the whole AK-47 thing.  They're most like AKMs or some other variant, not the classy, milled, original actual Russian models. 

Thu, 03/10/2011 - 15:20 | 1037444 Max Hunter
Max Hunter's picture

Who cares?.. The all take the same rounds.. And make holes in people...

Thu, 03/10/2011 - 16:25 | 1037768 I only kill chi...
I only kill chickens and wheat's picture

I've looked at partly usa made milled, AK's and the reviews still seem to be crappy. I'll stick with old Ruger mini or springfield m1a1 for now.

Thu, 03/10/2011 - 14:33 | 1037154 Yield2Greatness
Yield2Greatness's picture

Send them pick-axes.  They can get rocks a plenty from tearing down the Kings palaces.

Thu, 03/10/2011 - 14:42 | 1037214 John Wilmot
John Wilmot's picture

Sand, sand everywhere, and not a rock to throw...

Thu, 03/10/2011 - 14:45 | 1037232 Crumbles
Crumbles's picture

NO!  No no no ...

Send SHOES - Native Insult Missile - 10 - 12 thousand combat boots or so.

3 years ago - more's the pity Bush the Lesser was missed when his opportunity arose to be addressed in the proper Arabic manner.

Thu, 03/10/2011 - 15:17 | 1037430 MachoMan
MachoMan's picture

Despite despising Bush, you have to give kudos for laughing while watching the shoe whizzed towards him, easily dodging it.  Made me proud to be an american.  USA USA USA!  I'm not sure how many other leaders would have even been awake enough to do that...  not that it's an accomplishment worthy of making him a commander in chief...  just that, of all the other things he fucked up, at least he can dodge a shoe in style.

Thu, 03/10/2011 - 15:41 | 1037558 tallystick
tallystick's picture

That's from S&B fraternity prank wars skills no doubt.

Thu, 03/10/2011 - 15:43 | 1037569 rich_wicks
rich_wicks's picture

They shouldn't have thrown shoes at Bush, they should have thrown shit at him.  Bush destroyed that country, and if you think the Iraqis are better off with their "freedom", it's because you've never talked to one of them.

Thu, 03/10/2011 - 14:29 | 1037138 dick cheneys ghost
dick cheneys ghost's picture

but uncle sam said saudi's have the right to peaceful protest. what will we do?

Thu, 03/10/2011 - 14:44 | 1037228 ghostfaceinvestah
ghostfaceinvestah's picture

I wonder if the Saudi Royals are finally waking up to the fact that we are double-crossing them?

Thu, 03/10/2011 - 15:01 | 1037318 Michael
Michael's picture

It 's actually the Federal Reserve Corporation doing the dirty work.

Thu, 03/10/2011 - 15:20 | 1037447 MachoMan
MachoMan's picture

Kind of like a shop owner finally wakes up to the local mobsters who take "protection" money from him every week?  I'm pretty sure they've been aware since we put the tip in.

Thu, 03/10/2011 - 14:31 | 1037143 Henry Chinaski
Henry Chinaski's picture

Oppression in SA.  No surprises here.

Thu, 03/10/2011 - 14:32 | 1037147 Azwethinkweiz
Azwethinkweiz's picture

On CNBC, talking heads said to short oil this morning...

Thu, 03/10/2011 - 14:32 | 1037157 bob_dabolina
bob_dabolina's picture

CNBC sucks

Thu, 03/10/2011 - 14:43 | 1037210 william the bastard
william the bastard's picture

Yeah they do.

Thu, 03/10/2011 - 15:03 | 1037327 Ruffcut
Ruffcut's picture

Asshats at cnbs. Does being on TV that special you even have to talk like an lying asshole to feel important?

Where's Charlie Sheen when you need him most?

Thu, 03/10/2011 - 14:39 | 1037195 alien-IQ
alien-IQ's picture

and that's why they make the big bucks. leading the little guy off the cliff is very lucrative.

Thu, 03/10/2011 - 14:56 | 1037285 EscapeKey
EscapeKey's picture

...and that is why "Girls of the Playboy Mansion" is my first stop for oil related investment tips.

Thu, 03/10/2011 - 14:58 | 1037305 glenlloyd
glenlloyd's picture

which means to do the exact opposite

Thu, 03/10/2011 - 15:05 | 1037333 Michael
Michael's picture

Never have CNBC masters of deception on unless it is on MUTE!

For your own protection.

Thu, 03/10/2011 - 14:33 | 1037151 trav7777
trav7777's picture

while it is common for the spoilt brat elites to raise their children to think the same as they do, that they are better than common people, and to act accordingly, this notion that the elites can merely speak and the masses will obey is a

The government's lack of toleration of even the chance to just blow some steam off is going to cause said steam to continue pressurizing until an explosion occurs.

This is the Age of Corruption we live in and those disenfranchised from the good times by wealth stratification fed by corruption are seeming to collectively awaken globally.

Thu, 03/10/2011 - 14:37 | 1037184 John Law Lives
John Law Lives's picture

The masses have tools for modern communication at their fingertips.  It is harder to BS the masses these days, and many people in the MENA region are not fat, lazy, apathetic people who care more about American Idol and football than personal liberty.

Thu, 03/10/2011 - 14:55 | 1037281 Crumbles
Crumbles's picture

many people in the MENA region are not fat, lazy, apathetic people who care more about American Idol and football than personal liberty.


Very few, if any of the MENA people care about TV, or sports - when demonstrating for their version of freedom in the streets is available as a contact sport.  Perhaps, with modern communication, all are learning from the Egypt broadcasts as well as Greeks - who seem to have made the riot a weekly event - playoffs next when unemployment drops another 5%.

Thu, 03/10/2011 - 22:21 | 1039153 StychoKiller
StychoKiller's picture

Are ya gonna set up the tournament brackets, or not?

Thu, 03/10/2011 - 15:00 | 1037309 AccreditedEYE
AccreditedEYE's picture

The government's lack of toleration of even the chance to just blow some steam off is going to cause said steam to continue pressurizing until an explosion occurs.

Great comment. Ben has been so concerned with making sure the chart pattern looks nothing like the 29 Crash that I don't think he has even considered the chart pattern he has created is much worse. lol

This is what happens when you don't let natural economic cycles take their course. Exciting ride ahead to say the least.

Thu, 03/10/2011 - 14:33 | 1037156 alexwest
alexwest's picture

just 2 month ago I though that in 2011 oil will come down hard, less then 50$, and trade 30-50 $ for rest of next decade..

now , oh boy.. I guess we will never see oil less 100$ ..EVER..

+3.5 $ per gallon is here to stay.. god, please save USA.


Thu, 03/10/2011 - 15:17 | 1037426 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

Relax little bunny rabbit.

Uncle Ben thinks you can run a global economy like his cousins over in Hollywood run the entertainment industry.

Make it glitz, with lots of neon and flash.

That's fine and dandy but at some point and time the patrons will exit the theater. When they do they will confront reality.

My point is: Always use . Fuck the masters of illusion!

Thu, 03/10/2011 - 15:18 | 1037432 RichardENixon
RichardENixon's picture

I'm sure God is really happy with the USA right now and is just going to bend over backwards to save it.

Thu, 03/10/2011 - 15:49 | 1037605 rich_wicks
rich_wicks's picture

Just get a compressed natural gas car.  There are tons of compressed natural gas cars that can run on both gasoline and compressed natural gas.

Of course, they aren't sold in the USA - might hurt the bottom line of our gasoline conglomerates with natural gas at an extreme low.

Fiat, Opel(General Motors), Peugeot, Volkswagen, Toyota, Honda all make dual powered vehicles, but they don't sell them in the USA.  You can buy them in Brazil though.

Thu, 03/10/2011 - 17:44 | 1038055 JoeSexPack
JoeSexPack's picture

CNG kits on EBay for $500, plus tank & 7 hours labor:

Perfectly legal for US law & emissions, apparently.

Thu, 03/10/2011 - 14:34 | 1037160 zaknick
zaknick's picture

Down with the funny money complicit "house of saud". Burn them at an oily stake.

Thu, 03/10/2011 - 14:33 | 1037163 the not so migh...
the not so mighty maximiza's picture

their harems must have been in danger

Thu, 03/10/2011 - 14:35 | 1037166 John Law Lives
John Law Lives's picture

I wonder what the Vegas line is on which evil dictator will be the first to swing from the end of a rope.

Thu, 03/10/2011 - 14:51 | 1037263 TheSettler
Thu, 03/10/2011 - 14:55 | 1037272 John Law Lives
John Law Lives's picture

Wow!  Thanks.  What an interesting site.

Thu, 03/10/2011 - 14:36 | 1037167 Vergeltung
Vergeltung's picture

I always catch the breaking news here on ZH. go figure.

Thu, 03/10/2011 - 14:36 | 1037169 ghostfaceinvestah
ghostfaceinvestah's picture

Just wait until the Day of Rage.

We could wake up Monday morning with $200 oil.

Thu, 03/10/2011 - 14:44 | 1037222 Armando Javier ...
Armando Javier Finkeltein of the Boise Finkelsteins's picture

Is that going to be like the million women march in Egypt when only 78 women showed up?

Thu, 03/10/2011 - 14:47 | 1037247 Temporalist
Temporalist's picture

But 78 reeeeeeaaaaallllyyy hairy they had that going for them.

Thu, 03/10/2011 - 14:47 | 1037244 Boston
Boston's picture

And the US ten year below 3.00%.

Thu, 03/10/2011 - 14:51 | 1037256 Yield2Greatness
Yield2Greatness's picture

Maybe the king will give them 35 billion again.  Worked a week ago, or checks still in the mail...

Thu, 03/10/2011 - 14:36 | 1037171 Theta_Burn
Theta_Burn's picture

Will France/world community be coming to there rescue as well?

The Saudi opposition group "They Faq'ed" has ambassador's ready for dispatch...

Thu, 03/10/2011 - 14:36 | 1037172 youngman
youngman's picture

Just zeroing in their rifles...nothing here..

Thu, 03/10/2011 - 14:37 | 1037177 bob_dabolina
bob_dabolina's picture

Arabs embrace Kentucky windage

Thu, 03/10/2011 - 15:06 | 1037350 Agent P
Agent P's picture

I call it leading a stationary target.

Thu, 03/10/2011 - 14:42 | 1037215 CU1981
CU1981's picture

Just fowlin the bore .. ;-)

Thu, 03/10/2011 - 14:36 | 1037175 TumblingDice
TumblingDice's picture

Where are those US bases when you need them?

This crisis is a very close repeat of the tech bubble. A couple of years into market recovery in 2003 there is an invasion of Iraq because Saddam was thinking of using Euros. Now middle east leaders are sticking with the dollar and the implied inflation and are paying with violence for US actions without the US having to deploy a single soldier.

In summary, it's all really fucked up.

Thu, 03/10/2011 - 14:59 | 1037300 Crumbles
Crumbles's picture

And nobody goes to jail.

Thu, 03/10/2011 - 14:38 | 1037180 Motorhead
Motorhead's picture

Let's get Hillary Clinton's take on this first before we do,, cricket.

Thu, 03/10/2011 - 14:44 | 1037219 Atomizer
Atomizer's picture

Presently, her husband is conjuring up another  Chemical Ali in Libya.

Thu, 03/10/2011 - 14:37 | 1037181 Scottj88
Scottj88's picture

This is all planned by the bankers....


Learn the history...


Good luck to the people of the world in the coming days.

Thu, 03/10/2011 - 14:39 | 1037185 BORT
BORT's picture

Of course the big question is  "Does one shoe thrown fit all"

Thu, 03/10/2011 - 14:39 | 1037186 bob_dabolina
bob_dabolina's picture

I want Bertha Coombs to run my energy desk

She's always on point.

Thu, 03/10/2011 - 16:06 | 1037672 gmrpeabody
gmrpeabody's picture


I'd hire her.

Thu, 03/10/2011 - 14:39 | 1037188 John McCloy
John McCloy's picture

Buy the dollar. 

As much as I bash the Federal Reserve too many are quick to declare the end of the dollar. Believe me Bernanke cares about the dollar. Can you imagine the reprecussions in the mainstream if the dollar hit the 60's? Priority number one will always be protecting the Federal Reserve cartel system and QE3 will bring entirely too much heat in conjunction with a falling dollar and rising metals for the Fed to survive. Ben will let the markets burn if necessary. On the other hand I cannot see how the markets and banks survive without QE. 

    The free money has been handed out long enough and at the end of the day the Euro will fail and war can break out in Europe much quicker than in the U.S. They are very close neighbors without the reserve currency. Bernanke will never allow the reserve currency cease to be the U.S. dollar and as much as he loves handing out free cash to the bankers they have received enough. It may be time for the market to stand on it's own two feet and that means the market is going down. 

Having the reserve currency is all we have and if that luxury is ever lost it is gone forever. Remember we have borders  and shores which cannot be invaded and can go isolationist and self sustaining if necessary. Buy the dollar.

  This country needs deflation to save it and Bernanke better recognize that.

Thu, 03/10/2011 - 14:49 | 1037248 Long-John-Silver
Long-John-Silver's picture

Just ignore that open border with Mexico both the Democrats and Republicans maintain so the free flow of drugs and murder can continue.

Thu, 03/10/2011 - 14:51 | 1037257 John McCloy
John McCloy's picture

I wont disagree with that at all. The Mexican government thrives on the drug trade but no sleep is lost over the possible invasion of the U.S. by Mexico Long John I assure you. 

Thu, 03/10/2011 - 14:52 | 1037265 the not so migh...
the not so mighty maximiza's picture

I would never junk your optimsim ; but Bernanke has been wrong allot and has never done anything to help humanity.   His track record speaks for itself.  

Thu, 03/10/2011 - 14:59 | 1037298 John McCloy
John McCloy's picture

I simply do not think he wants to press his luck. The market can easily fall back to 8,000 and have the politicians begging for QE is all I mean. He may try to walk to the tightrope. At the end of the day we have two shores unavoidable and naval dominance if we are talking about the potential for global war to break out (No doubt caused by Bernankes printing) however he needs metals down and the only counter balance to rising oil prices is a crashing market as evidenced by $35.00 oil in 2009.


Thu, 03/10/2011 - 15:01 | 1037312 EscapeKey
EscapeKey's picture

His track record? It's impeccable - 100%. Whatever the guy does, it benefits the bankers.

Thu, 03/10/2011 - 15:40 | 1037554 Hacksaw
Hacksaw's picture

This country needs deflation to save it and Bernanke better recognize that.

More specifically, we need asset deflation. Wage deflation has been happening for about 20 years now.

Thu, 03/10/2011 - 16:23 | 1037761 John McCloy
John McCloy's picture

Folks simply need housing to become affordable and some interest on their savings accounts. This 0% shit is not cutting it for the prudent.

Thu, 03/10/2011 - 14:40 | 1037192 Cdad
Cdad's picture


You know, you really need to open a thread today on the Ministry of Truth [CNBC].  The "fake surprise" going on right now is simply priceless.

And while I know everyone on this site thinks he is too cool to have the Ministry of Truth on, what we are seeing with this very sick network is MARXISM!

You know, if you need to turn to Sharon Eperson to get an explanation of energy...YOU ARE TOTALLY FUCKED!

Thu, 03/10/2011 - 14:42 | 1037213 bob_dabolina
bob_dabolina's picture

Ministry of Truth?

More like...the Ministry of Winning

Thu, 03/10/2011 - 15:00 | 1037307 Cdad
Cdad's picture

Oh know it is getting bad when the Ministry of Truth throws over to grandma Sue Herrera who chimes in with, "They have not rushed into gold as much as I thought they would."

So now, you see, we are scraping the bottom of the barrel where it comes to establishing less than death-like expectations.

So plan for volatility...and ultimately a complete flop in the market of equities.  So it has been written by the bumbling fools at the Ministry of Truth [CNBC].

For fuck sake!  But hey, maybe E. Burnett can be so adorable that all problems will fade away?  Out of the gate, happy about airline stocks she is....great!

Thu, 03/10/2011 - 15:07 | 1037354 Cdad
Cdad's picture

E. Burnett going to throw in on it:  "Capital of Saudi is all quiet."  Yep, work those expectations that if the entire nation of Saudi Arabia is in flames, as long as the capital is quiet, the S&P can rise.  Sweet

This is Marxism, folks.  This is our worst fears being expressed on the Ministry of Truth, also known as CNBC.

Fuck all of them. Close the network.  Short Comcast for being completely stupid for buying this mess.

Thu, 03/10/2011 - 17:42 | 1038049 earnyermoney
earnyermoney's picture

I think CNBC is an organ of propaganda for the Fascist elite.

Thu, 03/10/2011 - 14:40 | 1037197 NidStyles
NidStyles's picture

5 minutes after this was posted here, the spot on silver surged.

Thu, 03/10/2011 - 14:43 | 1037209 HamyWanger
HamyWanger's picture

I'm worried about these events and the possible consequencies on equities.

I hope Saudis will soon come to their senses and realize that the best option for them is preserving the status quo.

Sure, their King might not be perfect, but who knows what's coming next???

These "protests" harm their economy and the global economic recovery.

Thu, 03/10/2011 - 14:44 | 1037229 Cdad
Cdad's picture

You are such a cockblock fuck, Hamy.  Move along.  No one is interested in your shit.

Thu, 03/10/2011 - 14:47 | 1037243 HamyWanger
HamyWanger's picture

It is my civic duty to elevate myself against anything that can harm the global economic recovery and the socialist revolution which accompanies it. If banks go bankrupt, States will too, and I don't want to see this. 

Thu, 03/10/2011 - 14:49 | 1037255 Robot Traders Mom
Robot Traders Mom's picture

You don't want to see this because you aren't prepared for shit. You have no money, no guns, no food, and live in a shitty little government housing project.

Fucking homeless bum...

Thu, 03/10/2011 - 14:58 | 1037297 malikai
malikai's picture

It's my civic duty to please the booty.

Thu, 03/10/2011 - 15:14 | 1037408 Michael
Michael's picture

If banks go bankrupt, States will too, and I don't want to see this.

Oh indeed I do. The sooner the better.

Thu, 03/10/2011 - 15:53 | 1037625 rich_wicks
rich_wicks's picture

It is my civic duty to elevate myself against anything that can harm the global economic recovery and the socialist revolution which accompanies it. If banks go bankrupt, States will too, and I don't want to see this.

Socialist?  More like FASCIST.

Nothing will make me happier to see the banking system go belly up, right along with the state and federalg governments.  Maybe then all these useless bureaucrats and government "employees" can do something useful rather than just screwing over the people who pay their salaries.

Thu, 03/10/2011 - 17:38 | 1038035 earnyermoney
earnyermoney's picture

2010 was the last election for me. I refuse to participate in a Fascist charade.

Thu, 03/10/2011 - 18:18 | 1038199 Lednbrass
Lednbrass's picture

Hamy's ability to pull 'em up and put 'em in the creel is getting to be pretty amazing, its quite a show.

Would that I had thought to open two new discretionary stores in Detroit...

Thu, 03/10/2011 - 18:51 | 1038411 andybev01
andybev01's picture

+10 (and the answer to your CAPTCHA this morning)

Thu, 03/10/2011 - 14:51 | 1037249 Robot Traders Mom
Robot Traders Mom's picture


Thu, 03/10/2011 - 14:43 | 1037211 Oh regional Indian
Oh regional Indian's picture

Watch Morocco explode next.

It's like a co-ordinated dance of destruction.

Europe is but a narrow sea away.


Thu, 03/10/2011 - 15:18 | 1037442 FrankIvy
FrankIvy's picture

But Europeans have the level-headedness of Christianity on which to fall back.  They would never suppress women or minorities, wage holy wars, preemptively attack their neighbors for fabricated slights, and so on.  Would they?

Thu, 03/10/2011 - 22:32 | 1039178 StychoKiller
StychoKiller's picture

Sure they would!  But the question is:  Will they do it some more, and when would that be?

Thu, 03/10/2011 - 14:44 | 1037218 koot
koot's picture

At first the graph above read "Help".  I thought that was a graph of Help not oil, but I guess one proxies for the other in this mess.

Thu, 03/10/2011 - 14:43 | 1037220 Ham Wallet
Ham Wallet's picture

We're gonna need more bread helmets.

Thu, 03/10/2011 - 14:57 | 1037284 HelluvaEngineer
HelluvaEngineer's picture


Thu, 03/10/2011 - 22:36 | 1039184 StychoKiller
StychoKiller's picture

D@mn, I REALLY shoulda saved that picture, it's priceless! :>D

EDIT:  Snagged a copy off the intrawebz!!

Thu, 03/10/2011 - 15:35 | 1037528 IQ 145
IQ 145's picture


Thu, 03/10/2011 - 14:44 | 1037221 william the bastard
william the bastard's picture

But who will support the madrassas?

Thu, 03/10/2011 - 14:43 | 1037225 williambanzai7
williambanzai7's picture

Bullets, the sure fire way to bring it on...

Thu, 03/10/2011 - 14:48 | 1037250 kaiten
kaiten's picture

This summer is going to be hot.

Thu, 03/10/2011 - 14:58 | 1037290 Doubleguns
Doubleguns's picture

It's hot now!!!

Thu, 03/10/2011 - 14:50 | 1037253 ptoemmes
ptoemmes's picture

Who will speak about the outrage first...

A) Obama

B) Hillary

C) None of the above.

For extra credit you can provide an alternative answer.




The outrage is police on protesters in can you were thinking...

Thu, 03/10/2011 - 14:58 | 1037295 Doubleguns
Doubleguns's picture

The wounded.

Thu, 03/10/2011 - 15:13 | 1037402 MsCreant
MsCreant's picture

D) Zero Hedge, Bitchez.

Thu, 03/10/2011 - 16:18 | 1037736 theopco
theopco's picture


Thu, 03/10/2011 - 14:50 | 1037260 Flakmeister
Flakmeister's picture

Welcome back my friends to the show that nevers ends!

Soon the gypsy queen in a blaze of vaseline will perform on guillotine!

What a scene, What a scene!



Thu, 03/10/2011 - 17:19 | 1037962 serotonindumptruck
serotonindumptruck's picture

Come inside, the show's about to start!

Guaranteed to blow your head apart!

Thu, 03/10/2011 - 17:31 | 1038004 Arkadaba
Arkadaba's picture

Someone had to provide a link:

Thu, 03/10/2011 - 19:07 | 1038485 Arkadaba
Arkadaba's picture

They were really before my time but for some reason I recognized the lyrics. Hmmm - poetry in motion

Fri, 03/11/2011 - 01:32 | 1039656 Flakmeister
Flakmeister's picture

Glad you all enjoyed the reference... Saw them at the Olympic Stadium in Montreal...the show that they recorded the live album in '77

Thu, 03/10/2011 - 14:52 | 1037261 michigan independant
michigan independant's picture

Well at least they were not drawn and quartered for palace entertainment. Unarmed and fired upon is the face of evil. They are going to reap untold harvest from this.

Thu, 03/10/2011 - 14:53 | 1037271 tradewithdave
tradewithdave's picture

On behalf of the White House would Al Jazeera please condemn this... we're waiting.


Dave Harrison

Thu, 03/10/2011 - 14:56 | 1037282 Sofa King
Sofa King's picture

...and then we find out the annonymous witness works for a hedge fund thats long oil.

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