Well Thank God That At Least The Price Of Gasoline Is Under Control...

Tyler Durden's picture

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nope-1004's picture

Release the hounds!!!  Add more oil!!!!  Must win next election.

LOL.  Good thing inflation is under control.

 

Greeny's picture

QE3 is here and swap lines are open ;)

SheepDog-One's picture

Forget QE3, not going to happen in the form you equity crackheads expect in the form of free Hefty bags of crack rocks from Ben. Its over, and youve been warned so dont cry when equities go cold turkey.

Greeny's picture

Yeah, I'm feel like crying already :))) Thanks..

SheepDog-One's picture

You will be one morning soon, and it will be too late theyve already chained the casino doors shut from the outside.

TwoShortPlanks's picture

I've been saying QE3 won't happen for months; but I've noticed more normalcy bias on ZH Blog than on Wall Street or Main Street. The QE3 Gods wil not deliver!
Next bubble will be in PMs...a 'Real'bubble this time, not a rumour. They'll let it inflate, then collapse. That'll cause havoc in Asia and Europe.

The deregulation of the deregulation is already being done.

iLoveMisesToPieces's picture

You think the banks are going to let their balance sheets be deflated?

boiltherich's picture

As opposed to what?  You think they are going to stand by and watch their assets get inflated away into irrelevance?  Remember their assets equal their debts, thanks to Luca Pacioli.  I mean just curious here.  I think what will be likely is that you and I will continue to get screwed and the moment there is a let up in the ass ripping they will just fob a few trillion more on the bankers.  If it seems to have gone a bit quiet or not hurt quite as much for a while it is only because they are reaching for more lube. 

disabledvet's picture

the "Fannie/Fred go nuclear" option via "taking all the real estate allegedly owned by the banks and financial institutions and governments" and marking THAT to market (with clean title.)  Perhaps this is what Obama has meant by "excessive lobbying"?  I must say in this sense i agree with The Morgan on this one:  "fly in on lear jet, discuss, leave."  perhaps a little chat with the media on his way out and he would be a true Morgan indeed.  Of course the media should want to talk to him first....

 

Instant Karma's picture

I tweeted this earlier today as well. Gasoline up 25 cents in 3 days. So much for THAT consumer tailwind.

Nice post on gold/silver by Martenson. Been accumulating about 2 years with similar rationale. Didn't know supply growth so constricted. More upside Than I thought.

SheepDog-One's picture

Obama finding the real world reality bites.

Confucious 222's picture

Obama experiencing unrequited reacharound despair. Too bad, so sad.

RockyRacoon's picture

Sorry I missed that tweet.  I'm sure both of your followers were aghast.

Bananamerican's picture

hey ik, give peace a chance....

Instant Karma's picture

I opted to begin responding IN KIND. But, the triplicate response was a technical glitch. I'll get the hang of it.

Innocent Bystander's picture

I’m bored so here is a thought for the astute minds on ZH,

Act I àrelease stock from SPR (miniscule) -->bring down price-->

ActIIà buy back 100X volume at reduced price--> reload for the next shock and awe pre election

Act IIIà firm up $$ crash oil Obam's handler are happy in 2012.

It may not be just China stocking up at these low prices you know.. you a lot of strange acronyms ESF, GS JPM.. I don’t know what they mean..

 

Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Whenever you see initials describing government, quasi-government or Wall Street firms just picture in your mind a pack of Hannibal Lectors but more evil!

 

Tuco Benedicto Pacifico Juan Maria Ramirez

rcintc's picture

What happened to Transitory?

vast-dom's picture

Crude should at VERY least be at $112 a barrel; more at high $120s. Given global conditions etc.

SheepDog-One's picture

I agree. But Jeethner says 'Dont worry, banks are well experienced at dealing with these kind of things'.

Whew.

Sabibaby's picture

There's an over abundance of crude oil on the market hence the need to store it off shore in tankers. On top of that, the Strategic Petroleum Reserve is being tapped to drive home the over abundance and I'm not sure anyone knows why the SPR is being tapped but it could be because the oil is going stale and needs to be used right away.

DonnieD's picture

Stale? I thought it took a couple million years to make oil. Hopefully Obama checked the Born On Date before releasing it.

Sabibaby's picture

I just googled it, apparently it turns back into dinosaurs.

tmosley's picture

That's why you need to change your oil every 3000 miles or THIS COULD HAPPEN TO YOU:

http://www.youtube.com/watch?v=ucjEy7UhyUU

Superslam's picture

In that case, I'm going long on Triceratops futures. 

Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Oil is not a "fossil" fuel.  Web search it.  Do you think 10% of the earth's dinosaurs migrated to Saudi Arabia to die?!

 

Tuco Benedicto Pacifico Juan Maria Ramirez

fallout11's picture

100 million years ago the middle east was a fetid swampland filled with giant ferns. Learn your geology. Or your petrogeology. Or your paleontology.

Cognitive Dissonance's picture

.......because the oil is going stale and needs to be used right away.

Yup! Like fine vintage wine, once the cork is popped and the pressure is released it's use it or lose it.

I can only assume this "oil is going stale" comment is snark. Please, tell me it is snark.

Sabibaby's picture

Just keep telling the masses that the oil is going stale and they'll understand.

Quantum Nucleonics's picture

Oil doesn't go stale, it has a rather long shelf life.  In fact, like good wine, it gets better with age. (As long as it is stored properly, e.g. an underground salt dome)  You are thinking of refined petroleum products, such as gasoline.  They do go "stale" if not stored properly.  Actually, what happens is the lighter, more volatile molecules evaporate and the heavier stuff reacts with water.

Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Let's audit the SPR.  Drop the Supreme Court of Indiana in the caverns.  If they all drown, there is oil.  If they don't drown just leave them there each with a pocket constitution which they can eat page by page as they each starve to death.

 

Tuco Benedicto Pacifico Juan Maria Ramirez

SheepDog-One's picture

Thanks for the laugh Tyler, headline cracks me up.

Long-John-Silver's picture

Sometimes when I have little time to devote to non-profitable distractions I just read the headlines one after the other. It gives me a sense of how things are going (to hell).

Long-John-Silver's picture

Where are the daily margin changes when you need them? Last time I checked gasoline did not contain any Silver.

FunkyMonkeyBoy's picture

From inflation to deflation to inflation again in 15 minutes b*tches... God bless that bald headed jew puppet.

SheepDog-One's picture

I guess the Shalomster was telling the truth- deflation to inflation back to deflation in 15 minutes or less.

SMG's picture

The Fed chairman is working for the Lucifer worshiping Illuminati, who use the strategy of diversion to get away with all the bad stuff they do.   In reality it us (including all the Jewish people) vs them (the evil worshiping Oligarchy).

bIlluminati's picture

The Illuminati don't worship Lucifer. To quote a prominent Illuminatus:

"I don't worship Satan. Satan worships me."

Or, to use a book title, it's "Power vs. Market". And the powerful blame the market, while the sheeple baaah on cue. Previously, the price of oil was self-limiting, as when the price got sufficiently high, new and improved sources appeared. Now, people hope that windmills, solar power, and (revived for the occasion) cold fusion will save the day. The oligarchs laugh, until the sheeple get their pitchforks upon learning it's no First Circle for them. Those oligarchs who have earned Ninth Circle status may find it arriving early this cycle, as the can reached the end of the road.

baby_BLYTHE's picture

4 out of the 5 previous Fed Chairmen. Demographically 2% of the population. Protocols?

Clueless Economist's picture

Merely a coincidence.

Wait a second, who am I to speak, I am one of the brotherhood.

baby_BLYTHE's picture

the Supreme Court is stacked too

So much for a Representative Republic, I guess

Clueless Economist's picture

FACT SCOTUS is all Roman Catholic and Jew