There Goes Oil

Tyler Durden's picture

An hour ago we said: "Watch for the reaction in crude following the vote passage, and
especially following Bloomberg headlines that France has launched an all
out attack." Well the attack is still pending, but the oil reaction is here (and nobody could have seen it coming). WTI just passed $103. Demand destruction or no demand destruction, here we come. And just imagine what happens when Japan is fully back on line again (in about a year at which point the US will be between QE 4 and 5).

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Thomas's picture

That disturbed a nearly perfect algo-driven y=mx+b

Nobody special's picture

A little late for a reaction I think, but confirmed none the less.

TeamAmerica's picture

It was a done deal before the vote.  What were they waiting for?   Very odd.

mynhair's picture

Gut, Ich habe SSN.  Knew those French spitting on the English would be bullish for black gold.

tallen's picture

They'll start having to raise QE to the power by the time Japan has recovered. exp^99*QE

etrader's picture

Plus with this picture of Number 4, leading on most of print press....

Maos Dog's picture

Can any pros comment on this? IS that erie green glow radiation? 

etrader's picture

"In unit No 4, a whole wall is missing from the area where spent fuel rods are stored while they cool to a safe temperature. 

Inside the building, a green-painted crane, which is normally used to move the fuel rods, caught the daylight flooding into the hall.
Beneath the crane, just out of shot, is the pool holding the fuel rods, which should contain water 45ft deep but which has now boiled dry"

LMAOLORI's picture

Want to know how bad it really is?  This gives a good breakdown and will inform many about a few things they probably do not know.

Apocalypse Japan Has 48 Hours To Avoid Another Chernobyl - Update

Escapeclaws's picture

What I don't understand is that the US and the EU are doing nothing to help. I recall that the Japanese had requested help, but where is the evidence that any has been forthcoming.


TWORIVER's picture

it is a small crane. some of the more informed posters can likely tell you why they painted it that color. i think we are supposed to focus on the exposed pool just in front or underneath of it.

BigJim's picture

It's painted green to remind everyone of the environmentally-friendly nature of nuclear power.

Debtless's picture

Last Friday that crane was white...not good.

John Law Lives's picture

The Japanese got to change the rules re. how much radiation the firefighters were allowed to be exposed to.  In that same vein, the Keynesian cheerleaders will now claim $100+ oil (WTI) has no adverse affect upon the economy.  Looks like this madness will continue until the great R-E-S-E-T button gets pushed.

Maybe ZH could take a poll on when the R-E-S-E-T button gets pushed.  At this pace, it can't be too far in the future.

mynhair's picture

Hear Reid volunteered to suit up, and drag a hose....Pelosy feeding the hose.

Man, I hate being hosed.

depression's picture

The Bernank said the price of oil is relative. In relative terms the price of oil has not really changed much lately, which proves his point that there is no inflation. The mistake people make, and thankfully we have prof Ben to clarify this for us is, we are doing the math wrong. If we would simply do our math correctly then we would all clearly see his point on benign inflation.

It is all simply a matter of where your measuring a change from, the starting price. So for example if the price of oil starts at $100 and rises to $110 thats the same as if it starts at $25 and rises to $27. It's all relative to where you start from. When it goes from $200 to $220... you understand... all in good time.

John Law Lives's picture

Oops.  I forgot.  We are using the new math.

To the moon, Alice!

Long-John-Silver's picture

A 90% Silver quarter still buys a gallon of gas.

eddiebe's picture

No sir, it buys a gallon again.

Tejano's picture

You guys are payin' too much for gas.

Don Birnam's picture

Supply-side cheerleaders wear the same oxfords and miniskirts. Kudlow has posited that high oil prices can mean but one thing: Green shoots -- although said shoots may turn a bit wilted and yellow, if they happen to be down wind of a certain "plume."

HungrySeagull's picture

It's time to find out which Americans still have the moxie to buy gasoline or desiel at 12.00 a gallon.

TeamAmerica's picture

When I see a nail salon go out of business, I'll know that the American consumer is finally shifting priorities.   So far, those salons are like cockroaches...

HungrySeagull's picture

I did purchase some nail polish to keep a novak sight functional with a bright dot until the gunsmith can repair and replace the bad sight with a new one.

Yes, nail salons will be around for a while yet. Gotta keep the women happy.

velobabe's picture

well, i always carry a container of nail polish. it is like a glue for repairs to run hosiery. snagged hoses.

mynhair's picture

Yes, your knees must see extreme wear.


Don Birnam's picture

That won't work for fishnet.

MayIMommaDogFace2theBananaPatch's picture

 So far, those salons are like cockroaches...

Money laundry.  No other reasonable explanation for the sheer number of these businesses.

Sokhmate's picture

It's good to keep money clean. It's even healthy. Do you not agree?

Vampyroteuthis infernalis's picture

It's time to find out which Americans still have the moxie to buy gasoline or desiel at 12.00 a gallon.

Let's see. In most cases, if Americans want to eat and go to work they will pay whatever it takes to get their gas.

RmcAZ's picture

Unless it costs them more to buy gas and drive to work than they get paid. Unfortunately I know people like this.

Stranded Observer's picture

"when Japan is fully back on line again (in about a year. . .)"

So suddenly Japan is okay now and back on line in a year after five days of alarmist posts here on Zero Hedge?

Tulli's picture

Stranded O,

Sure, there is nothing to be alarmed about a monster quake, a tsunami and a nuclear disaster.

Please show respect for the top journalism work that the ZH people are doing here.


Stranded Observer's picture

Not sure what your point is but thanks for my first junk if it was you. 

If you were being serious I actually really love this site.

Stranded Observer's picture

Perhaps I should clarify -- I don't think they were being "alarmist" but it seems odd to say Japan will be fully back on line within a year when this morning there are reports of foregin nationals evacutating Tokyo.  Seems like it would take longer than a year to fix the mess over there.

velobabe's picture

no he meant, on line. the internet will be up and running, as well as an iphone 18 QE.

Thorny Xi's picture

Anyone who's ever been divorced knows that nothing comes back online within a year after the tsunami washes over things...

FeralSerf's picture

My porn site came back on line as soon as the bitch left.

Eddie Stobart's picture

Not so much alarmist, they are more behaving like a media puppets, swallowing the news without question.

Which is a different assessment of news media than normal...

CNBC - Subjective interpretations of economic news and data (lies and spin) about the state of the US economy.

Sky, ABC News etc - A balanced, reasonable and objective analysis of what is happening in Japan.

(I mean why does an animated map of Japan have look like a burning cinder. I mean, what could they be trying to suggest?)



umop episdn's picture

So Mr. Gahdaffi's biggest weapon is the million plus barrels of oil that may or may not be exported. I doubt there is much spare capacity (oil-wise) anywhere in the world, and any shrinkage of supply will show once again that most economies don't shrink very gracefully.

I believe in Peak Oil, bitchez!

mynhair's picture

Believe what you will.  This is another example of a moron market having a 'aha' moment.

I want to know who these morons are that got distracted?  Somebody PAYS them?

Silverhog's picture

I think they waited until Col. Daffy wiped out most if not all the rebels before stepping in. So now who's your daddy?