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Raise Your Hand If You Can See The Recovery
This may be a trick question (especially since it's not a question).
Presenting the year over year change in durable goods ex transports (aka Boeing's fully cancelable orders for flaming lithium- battery powered paperweights aircraft). All we say is we are so grateful for $160 billion in central bank QE each month (soon to rise to $200 billion once Goldman's Mark Carney spreads his tentacles in the Bank of England).
Source: Durable Goods report and/or St. Louis Fed
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There must be a fuckload of intangibles out there.
Long bartering
I can see one, I can see one....oh, sorry, thought you said Retards.
I don't see the recovery, but I do see that JPM got called to deliver nearly a ton of gold yesterday.
http://www.cmegroup.com/delivery_reports/MetalsIssuesAndStopsReport.pdf
How many years to deliver?
It's behind you..
Oh no it isn't.
Oh yes it is...
Oh no it isn't.
Oh yes it is...
Who needs factory orders when you have QEnfinity?
Krugman tells me that a fat stomach from eating the reshuffled seedcorn is materially no different than a healthy crop, so I stopped paying attention.
Good point Butters
Physical gold panic:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/24_Sinclair_-_Full-Blown_Panic_As_People_Ask_Where_Is_The_Gold.html
Boris brother-in-law is work at Distillery outside Minsk and orders is double since 2008. Solid recovery, no!?
Aren't intangibles like sexual fantasies? The idea may be great but in reality you wake up and realize it was just a dream, just a dream (cue REM).
Does intangible also soil nightwear?
Or, for boomers, Jimmy Clanton http://www.youtube.com/watch?v=9dYWJjbfiIs
I don't see the recovery, but I do see that JPM got called to deliver nearly a ton of gold yesterday.
At least now the silver and gold can go up some...
I see one! I see one! Just stand on your head...
I just saw some article links on goldseek that say "U.S. Mint Suspends some gold coin sales after demand surge".
The mint suspended Silver Eagles sales for bit back in January. Now some Gold. Physical Silver doesn't appear to be plentiful right now either, again. Somehow I don't think I would be surprised if Silver Eagles got suspended soon, once again. I hope people are now able to clearly see the hand they are being dealt. Right now TPTB are offering up a gift, although they are hoping you can't see it and therefore won't take it. I took advantage and went and got a few gifts/goodies yesterday.
This should be bullish for tungsten.
one lousy ton????
GLD is leaking 100 tons a month!!! And the rate of leakage is increasing. Lately it has averaged 10 tons a day!!! Now that's what I call delivery. I wonder who is getting it.......could it be China? nah they need 400 tons a month, GLD leakage would be chicken feed to them....
Doesn't matter. The S&P chart is pricing in future growth. To long term value investors, this is just short-term noise.
The only noise here is you.
"Growth" of what, exactly?
intangibles? QE?
Paper-pushing bullshit and useless Ph.D.s Neither requires any real work or energy.
@MDB...JUST SHUT THE FUCK UP
You've been short humor lately.
You would think he'd be better at this. If your job is to put out feel-good blather and you are not constrained by reality you'd think a creative mind would be able to come up with better stuff than this. Maybe he's just having a bad day but his performance review is in jeopardy.
But long boring.
Boris says is better troll.
It must be nice to be so blissfully unaware in the face of the worst credit crisis to every hit the planet. Well someone needs to be left holding the bag. Here comes your bonus. (Pay no attention to what I'm doing with my other hand.)
the decline in this metric is showing for every month for 13 straight months. not a noise. not sure what growth you are talking about in a clearly deleveraging economy? the Fed is trying to offset the effects of deleveraging but thats like administering pain medication to a patient who really needs a surgery. The real solution is debt repudiation where appropriate not a continous debt refinance to move forward point of difficult decisions. Unfortunately debt repudiation would result in reduction of assets on the books of ......the banks. and that of course is the real problem.
We don't need no stinking growth!
We don't need no stinking recovery!
We got BEN!
Au and Oil are recovering in price (again!)
According to Cramer, it seems like flash crashes are the norm now and you should take advantage of these 'buying opportunities'. What a fuckin clown. "BEAR STEARNS IS FINE!"
The rant - http://youtu.be/s3FEKQMtaKY
Why they didnt fire this asshat by now is beyond me.
Fire Cramer ? Are you kidding ? Why would they fire someone doing exactly what he's paid to do . . . screw over the little guys that watch him.
That's why they let amateurs play at the tables with pro poker players. The amateurs provide the money. Make it like Vegas with lots of 'entertainment' and the dummies will come back to have their pockets picked some more. Cramer is the same thing, but on t.v. Thats why they picked a guy with all his antics; amateurs eat that stuff up.
Lesson ended. School out.
"BEAR STEARNS IS FINE!"
and Lenny Dykstra is a top-5 stock picking talent
anyone have a recipe for mead?
Find a hollow log in the forest .... full of rain water .... and if your lucky .... a drowned rat .... sweep the floor of your uncles barley shed .... throw contents into log .... throw in a piece of honey comb .... cover .... come back in two weeks .... strain brew through a cheese cloth .... enjoy !
Where's your bar?
Just a short walk into the Black Forest with Horst Jankowski !
Reminiscent of Scrumpy ... drink it with a knife and fork.
Boil water and honey -- one quart honey per gallon of water. Skim the layer of goop off the top and cool to room temp. Add champagne yeast. Let sit for 4 to 12 months.
15Lbs of Honey
6 gallons of Distilled water
1 packet of yeast (proof it with some of the honey & water before adding to the main batch)
3 oranges, roughly chopped into large pieces and squeeze the juice into the large
bucket, capable of holding at least 5 gallons (look online for these [beer brewing])
1/2 cup of raisins
two tablespoons of cinnamon
You should really visit the following sites:
Home Distillation of Alcohol (Homemade Alcohol to Drink) Home Distillation of Alcohol COPPER MOONSHINE STILLS fastest,easiest way to make mead Beer Equipment Kit MakePerfectVodka.com illustrated presentable spirits Oak Shavings, Chips, Cubes - Wine Making Supplies | Winemakers Depot Wine Making Supplies: Ingredients, Equipment for Wine Making | HomeBrewIt.com Wine Making Supplies Wine Making | Catalog Homebrew Heaven Online Winemaking Supplies to Make Your Own Wine at Home | MoreWine Grape and Granary Mead made complicated Mead making Video tutorial GLASS WINE THIEF Got Mead - Mead (honeywine) making, mead drinking, mead recipes Stabilizers KITOSOL 40 Troubleshooting your Mead
Back to 2000 levels!!
FUCK YEAH !!!!
2001-2002.....Titanic hits iceberg
2007-2009....1st half of Titanic sinks to the bottom of the atlantic
2013-2014--- 2nd half of titanic which was floating like a cork is starting to fill in and sink
Does that sum it up?
Add to that the msm telling everyone that everything is fine and there is no need to get in one of those cold crowded life boats.
Do you see the light?
http://www.youtube.com/watch?v=lX5tfRdkoY0
What? Did someone say $160B/mo? I must have missed something... Last I checked it was $85B? Guess I've been distracted with:
By the way, the economy did recover, these are the good times until the next leg down. Net trend down is an inevitable result of a money system based on a scam.
Anyone notice the Huffington Post is saying Tameron was influenced by 9/11 thruthers? If that were true, would he not have targeted those believed to be behind the 9/11 lie? More propaganda for the American Zombie. I saw them at the state convention. They were sure that God would fix the issues in the country if only the party could wrest those "God denouncing" Democrats from office (by securing the Hispanic vote, no less)! Guess what you delusional idiots, GOD GAVE YOU AND EVERYONE ELSE FREEWILL! That means he (it) is not going to interfere. YOU have to take responsibility!!!
SamAdams
Japan.
"What? Did someone say $160B/mo? I must have missed something... Last I checked it was $85B?"
Just for the record, the $160/mo is the total from CB's worldwide, not US only.
"YOU have to take responsibility!!!" - Individual responsibility is not part of the progressive "education" system that America has had for 40+ years. It's all about a collective good and collective responsibility (with a relative few chosen owners making huge profits). See the problem here.
Jesus raised his hand to a doubting Thomas, but it had a hole in it.
Did he then proceed to back-handing him? (Just kidding)
Quick! get Goldman to create a derivative of New Factory Orders so Bernanke can buy it.
Sorry, Goldman is too busy finding storage for their physical gold. After all, they told their clients to dump gold.
Stare at the red dashed line and relax your eyes.
Even looking at it upside down doesn't help much.
It doesn't help. I still see dead people economies.
humph. It goes "stereo" and i just get a view of a chart that is twice as wide and just as ugly. I'm doin' it wrong, right?
For a relative few (close to the free money supply) I have seen a tremendous recovery, they "own" more properties and businesses than ever before and are setting their children up to take their empires over. for the rest, not so much. This should end well. Long sharecropping and guillotine manufacturing (is that an intangible and not counted in the data above?).
Assuing that they will be popular in the near future... Yes
They will be "unknown" by the vast majority, just like they are now.
Copy/paste from the other post:
Equation:
Low Energy Prices = Recovery
High Energy Prices = Piece of shit
Crude oil has been in hyperinflation since 2003 when it jumped from $30 to $120 in 2008 and so far with a small relief in 2009, which ...cause some recovery.
As a reminder, scientists have not come up with technology yet to convert QE into Fuel and Energy
"price" is irrelevant. Joules invested and Joules recovered is not. Now where the hell are those fusion reactors I ordered?
A joule from crude oil costs differently from a joule produced by uranium etc etc etc.
ALL COSTS ARE LABOR COSTS.
Only because of the Joules that it takes to deliver the Joules produced moron. Again, the "price" is irrelevant at the end of the day. It takes more Joules to deliver the Joules produced by uranium etc. etc.
Labor is simply a mechanism for turning energy into work. Don't we teach thermodynamics anymore? WTF?
Why are you guys so obsessed with Angelina joules??? She is already taken....the fight club actor has her.......
It's the whole package. Besides, she is not a one-man woman. Come on Kito, be optimistic.
i bet her energy output is quite high..............
"i bet her energy input is quite high.............." - fixed, hence the need for multiple inputs...
By LABOR I mean HUMAN LABOR.
We do not pay electricity, we pay the people who produce electricity.
We do not pay crude oil. We pay the people who produce crude oil.
A joule produced from a chinese proxy-slave costs a lot less from a joule produced from a GM union workers
"A joule produced from a chinese proxy-slave costs a lot less from a joule produced from a GM union workers"
-----------
Not for much longer troll.
Not costing joules in vs. joules out is a silly supposition.
An ex-employee of mine runs a haul truck at a coal mine. They move 11 loads of overburden for every 1 load of coal. Should they calculate that they are losing money- tons in vs. tons out ?
If you don't assign a dollar cost to your joules in vs. joules out, you are fucking for virginity.
How much does a a joule from a slave cost?
Answer: Just the food to keep him alive.
And what have food and fuel costs been doing over the last 5, 10, 15, years again?
You've come back to what I said. COSTS.
Costs are higher because crude is traded on MARGIN and money is plentiful, not because there's no crude.
lol
Marxist economics.
I lived marxism. What do you know about marxism?
If we are living it now does that count?
Look at everything. Pegged to the wall. Euro/USD Ten Year UST. Crude. The only things that are allowed to move are stocks (up) and gold (down). This is central planning on a level never seen before. Bow down in awe.
Really? Whedre did you live? Fantasyland? Because there has been no true Marxist Utopia.
But I merely challange the economics of Marxism. Eugen Bohm Barwerk showed the inherent contradictions and inconsisytencies of Marx's Labor Theory of Value.
https://mises.org/document/996/Karl-Marx-and-the-Close-of-His-System
and attempts to revise the LTV have also failed:
https://mises.org/journals/jls/20_1/20_1_3.pdf
I don't doubt for one minute that ekm has first hand experience.
Cost driven up because more energy and labor has to be invested. Circular reasoning works because circular reasoning works eh ekm? LMFAO!!!
There is a difference between Human Energy and Non Human Energy.
1 gallon of gasoline energy = 200 man hours of energy (some say 600 man hrs).
Shortage of crude oil would mean more slave labor. This is what really is finite, human labor.
"This is what really is finite, human labor." - Why, because people have stopped breeding? Try again loser. Besides, robots can do it better anyway.
Back to square one.
Robots need.........ENERGY
Humans will have to be forced to go back to slavery style energy input labor
You can actually see crude getting more scarce over time but it's difficult if you use USD. The signal is totally swamped by fiat credit bubbles in USD, but you can see the trend when you look at the long term gold oil ratio.
http://www.macrotrends.org/1380/gold-to-oil-ratio-historical-chart
See the big spikes getting lower over time? That's you getting fewer barrels of oil per ounce of gold. Oil is becoming more scarce vs gold whether through supply constraints or demand. Not yet panic time but the depletion is real and the scarcity is coming.
This is just another example of how gold can allow a rational calculation which fiat/credit makes very difficult.
Then why are people paying hundreds for stupid little gadgets made with cheap chinese labor?
The price of something is generally associated with the willingness of the buyer to part with his cash, and the item's availability.
Take treasuries, for example. They are pretty much worthless. The Gov can hit Ctrl Print and, shazzam, a new trillion has been printed, at almost ZERO labor cost, yet people are buying them up b/c they think the market is a scam, and the banks are going to confiscate their money. So, their is willingness to buy them, regardless of the effort used to press a couple computer keys.
Because stupidity is the most abundant thing on earth.
Just waitin' on you to deliver the plans in yer flying car...
Also as a reminder;
All the "low price" fuels were pumped out by the 70's
All that is now recoverable is "high price" fuels.
Cheap energy = oxymoronic
A problem soon to be fixed when the gubbermint starts including intangibles in their calculations. Welcome to the recovery bitchez!
I'm forgoing putting gas in the tank and buying groceries this week - intangibles should fill them both in no time at all.
I just turned my monitor upside down and there it is!!
Turn your monitor counter-clockwise and it's straight up. Yahtzee!
"Why aren't they buying anything???????!!!!!11111"
BECAUSE DHS IS BUYING ALL THE AMMO AND THE AVERAGE JOE'S CAN'T GET ANY!!!
That's why I'm buying re-loads from two older-timers than me at my range for my revolvers
I see it! True, im doing a yoga headstand...
Where else would they be able to get the margin to short more gold?
yeah, but they can undo everything in 15 minutes if they want to so that's nothing to worry about...
Well, if you count BOJ, BOE and SNB it's closer to $230 BILLION a month! Forward looking, yes!
What I see is that people are buying cars and not much else. I guess financing is still easy for autos but the CCs are maxed out.
My next door neighbor just brought home a brand spanking new one ton truck with extended cab and all the frills. He traded in his 10 year old rust bucket. Now he gets to run down to the 7-11 for coffee in style and the US economy gets another .00006 seconds of life support. :)
the way disposable income is dropping, 7-11's will become a classy joint, so it makes perfect sense that you need a classy ride to go there
Long 7-11 Date Night!
Yeah, but I betcha he still gets hit up when one of his friends needs to move.
If it's a GM it is financed with your money.
It's funny but I have not taken notice of the brand. All I see is BIG, Black and Chrome.
Your neighbor is either very wealthy or heavily indebted because those one ton trucks are expensive these days. Thanks Uncle Ben.
I decided to make with my 2008 Honda Accord EX with 51,000 miles it that is in perfect condition even though I constantly get offers to trade in for a new 2012.. I may be one the few people who will pay off a 60 month car loan early -- only 4 more payments. When I took the loan in 2010, the finance guy told me it can actually hurt your credit if you pay the loan off too quickly. Only financed $12,000 and paid the remainder I think about $8,000 cash. My credit wasn't good so best rate was 11.75% with parent cosigning
I bought a 1997 Checy van in 2009 for an even grand. Has 128000 miles and the V-8 engine purrs like a hungry lion and sucks up octane at an extreme rate. However, I've spent a total of $400 on parts and repairs over the past FOUR YEARS, and, despite the high cost of fuel, I'm still way ahead, especially when one considers the utility of such a vehicle. I've carted all kinds of stuff from sales, curbs, and stores that would have otherwise required delivery. Firewood, furniture, potted plants, multiple people (some with multiple personalities, so an added bonus), junk for the scrapyard, etc.
An ex-GF laughed when she saw my van, because she's got a 2009 Pathfinder, a supposed utility vehicle. When we needed to cart off a huge load of bins full of stuff for a garage sale she was having at another friend's place, she stopped laughing when I loaded 24 of them into my van while her "utility vehicle" managed to squeeze in a whole eight of them.
To me (maybe to you, though your mileage may vary) status isn't how new or shiny your vehicle is, but what it will do and at what cost.
My dad, rest his soul, used to tell me, "it's not always how much you make, but how much you spend." Word.
Why didn;t you just buy a car for $8,000 or less with the cash you had and never make a single payment to the banksters? Oh, thats right your trying to build up your credit. Good call!
JMT
Mark of a slave- a credit rating. Another tool to control the masses.
People often fear a low credit rating like the plague...I would try to drive mine to zero if it weren't for the chance that I might search for a job some day and the employer could check.
@ Kayman:
EXACTLY! The whole thing is a sham. My credit score is high, but I have no debts. Whenever I've talked to anyone about getting a loan for anything in the past, the hesitancy on their part has always been about the fact that I have no revolving debt.
My point to them is the fact that: Since I don't own anyone money, doesn't that make me MOAR credit worthy? In other words, it'll be easier for me to repay the loans, since I'm not on the hook to anyone else.
The opposite is true. In "bankster-thinking", if you have debt that you can service, you are "a better debtor" than someone who is free and clear.
"Credit" = DEBT
Thus, the idea is to "max out your debt".
For me, that is the only confirmation necessary, to prove that the ENTIRE BANKING SYSTEM IS ABOUT NOTHING OTHER THAN SERVITUDE.
When I took the loan in 2010, the finance guy told me it can actually hurt your credit if you pay the loan off too quickly...
kukz, yeah, that would be terrible. you might never get another loan if you pay it off early. [/sarc.] the finance guy is full of beans, you did the right thing paying it off early.
Don't forget higher education! I live in a college town and you can see in the tax receipts when the student loan checks hit.
I see the recessicovery right there.
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What is thy bidding Master?
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Not all bad:
he details of the report were modestly positive; core capital orders rose 0.2%, while shipments of the same rose 0.3%.
What is the definition of seeing?
The trading bots don't read these charts.
The MSM say this is a sign of the recovery we see all over America these days - THEY were the ones we were waiting for! Forward!
We're making less of it, but at least it costs more now.
Put a fork in Bernanke .
i see it, i see it, oh shit my screen was up side down! my bad.
Like fundamentals or reality matter any more. SPX @ 1700 by mid-may
Lookit, beeachez, quit yer monin' over the 'conomy, cuz from wear I seat, it's all gud, I tells ya.
Ya gots yer food stamps.
Ya gots yo ho.
Ya gots ya free rent.
Ya gots ya free utilieez.
Ya gots ya free cell fone.
wot moar duh ya want? Free monies?
oh wait...
Soon, you will all be ordered to raise your hands..
2+2=5 motherfuckers.
AND SLOWLY GET ON YOUR KNEES!!!
I see recessions.
On the bright side. From this low point, the only way is up. Right?
Did MDB ever opine on Bitcoin ?
ANYTHING that takes fiat money out of cirulation is by definition "very, very bad", per the view of the Fed, TPTB and Krugmeister. Bullion PM and Digital/Cyber Currencies are NO exception.
It is IRRELEVANT if you prefer PM over cyber-cash or the other way around. As long as they compete with FRN's, they are viewed as "evil", etc.
Thus our battle is not with each other (Cyber vs PM), but vs. "Anything vs. fiat money". Keep your clarity. Stay focused and on message.
The FEDs shouldn't stop gun sales and ammo sales. Might be the only thing they have going for them.
That's what happens when you produce five years woth of inventory in one year. Millions of people were out of work, incomes were decimated, yet with the recession over call, production went into hyperdrive in the second half of 2009.
Barry claimed he was going to triple exports, Wall Street priced in a recovery greater than any in history, and corporations channel stuffed like never before.
Just one little problem, there was no real end demand for any of it. The endless QE has been supplying the cash that should have entered the economy through commerce, if there was a real recovery.
Quantitative Easing is now the lifeblood of economy instead of actual commerce. Stocks essentially have no ceiling because virtually no business is actually taking place. They rise because computers need to put the money wired to them by Bernanke somewhere. Which is why the floor is zero if QE stops.
Imagine the flash crash if the AP twitter feed put out "Ben Bernanke dies in helicopter crash". I'm pretty sure the WOPR would attempt to get the launch codes.
Triple export to where?
'Americans' are insolvent and they do the consumption...
Looks a bit like I imagine a Dreamliner rolling over into a steep unrecoverable dive.
“There are some things only intellectuals are crazy enough to believe.”
https://www.youtube.com/watch?v=-cDAqrywsHE
Darkness was upon the face of the deep.
Benny and the banksters just need more time. After another 4 years of The Dictator, 8 years of Hillary should do the trick. Kommies only work with 5 year plans. We'll get a better plan in 2014 with a doubling of QE.
The only good thing about "8 years of Hillary" is the implication that her predecessor will not have declared himself emperor.
Bias: 'american' economics is not supposed to work for everyone.
As soon as 'american' economics are measured by the middle class, the graph gives other results.
Could someone please help me with a basic question:
What is the theory of how QE (which I think at this point means buying Treasuries and MBS's right) boosts the economy? I don't see the connection.
.... My take on QE is that it is price fixing. It helps the ecomomy avoid reality, we are leveraged to growth and there is no growth. QE is taking the place of price discovery, keeping real estate and stock prices up through money printing and "financial innovation" is giving eveyone a false sense of recovery. It does not help anything other than perception for most people. Corporate interests are the primary beneficiary as the prices of their goods and services are inflated will wages remain low. Your wages are the same your expenes double, bankers that leveraged the economy to growth get 20 million dollar bonus.
energy letter : bad news The Only Sure Bet in Oil By Keith Kohl | Wednesday, April 24th, 2013There's a dark side to the U.S. oil boom.
Usually, people only hear the good news: the fact that our domestic crude production is at its highest level in two decades... or that Texas is once again pumping more than two million barrels per day... or that developing our tight oil plays has changed the landscape of our petroleum industry...
But there's more to the U.S. black gold rush than the stories that headline the mainstream media, and it's not all good news.
Last week I mentioned how indebted the world is (and the Saudis more than anyone else) to giant oil fields.
Today I want to take a look a little closer to home...
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When it comes to decline rates, we don't have to look far to see the same issues the Saudis are facing.
Prudhoe Bay is a perfect example of one of our largest oil fields failing here in the United States.
Just how bad have things gotten? Since 1988, Alaska's state oil production has plummeted 73%.
They say a picture is worth a thousand words (click chart to enlarge)...
If Alaska's crude output continues its downward spiral, the consequences will be severe.
Earlier this year, I explained that if production in the North Slope falls below 350,000 barrels per day, Alaska could be forced to shut down the Trans-Alaska Pipeline System, the crucial component in getting that oil to market.
The way things are going now, that's going to happen before 2020.
Of course, there's only one other place struggling more than Alaska, and that's California.
It seems like we pick on these two states an awful lot, but it's hard to ignore these declines (click chart to enlarge):
Not exactly your idea of an "oil boom," is it?
Although things seem pretty grim when you look at those charts, this situation creates several lucrative opportunities elsewhere.
All you need to do is recognize them — and, of course, get on board early enough to take advantage of them.
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Banking on the Bakken
The story of North Dakota's surging oil production is everywhere. And until now, we've focused on the companies drilling into the Bakken, the pipelines transporting that crude out of the state, and the railways that began shipping Bakken crude when the pipelines hit capacity years ago.
Now it's time to put the next few pieces of the puzzle together...
First, North Dakota's oil flowed south and clogged up Cushing. Railways have started shipping those barrels eastward. (You might recall Phillips 66's billion-dollar deal to move Bakken crude to its refinery in New Jersey.)
Now there's only one direction left for North Dakota to send its crude — west — and that's precisely where it's headed in the future.
The Port of Grays Harbor, which rests on the Washington coast, announced it was leasing property for a crude oil unloading and storage facility. This means crude oil from the Bakken would be transported to the port via railway, and then sent by barge to refineries along the West Coast.
Once completed, oil will account for more than one-third of all exports from the port.
It's developing into a win-win situation: On the one hand, companies in North Dakota will have yet another outlet to get their crude oil to market, which also serves to ease the bottleneck at Cushing...
On the other, West Cost refineries can stop worrying about Alaska's Peak Oil crisis in the North Slope. (Remember that most of the crude oil refined by these facilities is from the North Slope.)
I'll give you one guess what will happen in ten years when the Trans-Alaska pipeline system stops shipping oil to Valdez...
Take two of these refineries as an example: BP's Cherry Point Refinery (the largest of its kind) in Washington and Tesoro's Anacortes Refinery in Tacoma.
Combined, the two refineries can process up to 345,000 barrels of crude oil per day.
But for individual investors trying to capitalize on this win-win situation for West Coast refineries, the difference is like night and day:
All you need to find your win-win investment is to backtrack a few steps.
Because having new outlets for Bakken production opens the door wide open for Bakken drillers.
A Sure Bet in Oil
Few investors believe a sure bet exists in the oil industry. I'll tell you right now they're wrong. We've known about it for years...
In fact, it's paid off in spades so far.
Last year, I showed you what a 99% drilling success rate looks like.
It's worth your time to take a second look (click to enlarge chart):
The truth is these producers strike oil no matter where they put their drill bits — andstill it's not enough, because the game has changed radically since 2008...
It's no longer about whether or not there are billions of barrels of recoverable oil beneath North Dakota soil, but rather how effectively these companies can produce that crude.
This report about drilling technology will shed some light on how they're doing it — as well as how you can invest in this industry game-changer.
Until next time,
Keith Kohl
@KeithKohl1 on Twitter
A true insider in the energy markets, Keith is one of few financial reporters to have visited the Alberta oil sands. His research has helped thousands of investors capitalize from the rapidly changing face of energy. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital as well as Investment Director of Angel Publishing's Energy Investor. For years, Keith has been providing in-depth coverage of the Bakken, the Haynesville Shale, and the Marcellus natural gas formations — all ahead of the mainstream media. For more on Keith, go to his editor's page.
The Bottom Line ....for what its worth...