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WTI Crude Slides Below $81
It appears some of the 'fundamental' legs of the face-ripping ramp in stocks are fading. Broken Markets - nope; Fed Speakers - nope (blackout period); Crude rising - nope (WTI back under $81)
Why it matters...
But wait - there is a "broken" market - June 2015 Long Bond Futures... fat-fingered, short squeeze, or hedge at any costs?
Paging Jon Hilsenrath...
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From Yahoo! finance:
Wall St. turns lower after shooting at Canadian parliamentNah. I blame the gays and abortionists.
Jeezus, let it go.
Your vagina's still knotted up after debating HH.
Aaaaand it's gone!
oil is the new silver?
EPSON printer toners are the new gold.
gasoline here is $2.67 a gallon. Praise be unto Obama!
Gas was $1.80 when the Mocha Messiah first appeared. And demand for gas has fallen off a cliff since 2005.
Somebody has been skimming big time. Wonder who?
I've been catching that falling silver knife for awhile thank god in only small quantities....
Problem is you think falling prices are bad because you see you existing stash as future fiat. Falling gold and silver prices greatly increases the efficiency of the conversion of useless fiat to intrinsically valuable PM's.
I don't know what it takes to get through to people that a rising price of gold and silver is actually bad because it makes it less efficient to convert the joules of your labour into a physical non dilutive asset. Many gold bugs salivate at the concept of "to da moon" so they can convert back to fiat at exactly the time PM's are screaming in your face that fiat is dying.
So is it good if the oil producers in the US's (negative) margins are increasing?
I mean, anyone in the oil field know if they can make it up on volume?
OT: That charmingDate.com Russian girl in the black dress is staring at me again.
pods
Funny Pods. Actually that's exactly what is going around and it's always impressive how many ways they can come up with to say that exact thing, along with numerous other interesting theories: The current rigs are significantly better than rigs used earlier in the boom, completion techniques are improving incredibly, costs of completions are no longer significant with multipad drilling, transportation costs and service rates are negotiable, (my personal favorite) new flaring rules are in effect, any slowdown will simply drawout the development phase, and of course the flying monkey rainbow field hasn't even been tapped yet.
In addition, CNN was just reporting on tight oil in their Filthy Rich segment so that's definitely a good sign for longevity.
What browsing history do you have to get her popping up? I priced invertors to convert gird tied solar systems to off-grid capable and all I get now is Solar City ads now.
Hey, I'm just trying to play the game the right way. All evil can be laid at the feet of the gays and abortionists. I've learned that well enough.
So, fuck everything else.
Nice ass, BTW.
Aw shucks. Now i'm blushing.
YUMMY!
http://www.forum-srbija.com/viewtopic.php?f=202&start=250&t=19273
I paid $2.85/ gallon yesterday. I'm sure it's around 2.70 near the Roanoke hub.
The price broke right after the Tylers published a longish piece on why we would never again see gasoline below $3.00
Dear Tylers: Would you please publish something on why gas can't go below $1.25?
Thanks in advance;)
....and how about how gold will never be above $1200/oz again too? :D
never thought I woud see gas at 2.65 again, (Easley, SC) but will enjoy it while it lasts..... will use the exxtra money to buy more stocks (yeah, right)
It's not the weather?
Let that rockafucker shit slide to where it needs to go.
But maybe only a christmas present, for christmas future may not be so favorable.
But the Ruff says, enjoy what ya got, even Johnny cash's empire of dirt.
https://www.youtube.com/watch?v=SmVAWKfJ4Go
...and I for one will certainly not complain about lower diesel prices. Enjoy this while it lasts.
Too bad premium is not seeing the drop in prices.
Premium used to run $0.20 to $0.30 above regular. Lately, it runs $0.50 to $0.60 above regular.
Fucking cunts.
Both my scooter and WRX demand premium. This drop doesn't mean shit to me.
What is the octane rating on "premium" in the states?
I can run my na 4.2 on 91 but my chipped 1.8 turbo needs 93.
Most stations in Ohio sell premium with an octane of 92 or 93. R+M/2 method
Sunoco still plays their marketing game selling 86 for the same price as everybody else's 87 and their 91 is the same as everybody else's 93.
only the 1% buy premuim, dealers must figure they don't care about the price....
I buy it because it's the only way I can avoid worthless fucking ethanol. I mean, who doesn't like fuel that evaporates, leaving water in your engine?
agreed. Despite the Fed's best attempt to keep prices rising on everything, a little deflation is welcome.
yep, only a significant drop in the number of people on earth would keep the deflation coming.
The bottom is close, they will run it here till elections and then BOOOM up we go
Heard all the same 'it's all just for the elections' shit all thru 2010 too, turns out its all just the same shit no matter what.
Yep, no need for elections for moar shit.
Does GDP have any value equated with bullshit.
If so, we are all rich bitchezz.
I told everyone no moar doom. I've turned over a new leaf. The other side is completed coated with shit.
Look at the miners crumble. Costs down, revenue up but no... sell, sell, sell...
Canadian porridge is too hot hot for the Goldilocks 'market'.
Hard to fathom, Winston.
If there were snipers in DC I'd be bying with both hands and both feet.
If clowngress had just been shot up, I'd be buying up stawks left and right.
Gee, maybe gas will slide below $4.
Looks like another bear trap on commodities and ES.
EIA inventories for week out today
crude +7.1 million barrels ... on top of last week's +8.9 million barrels
So who thinks low prices will help the US achieve 'energy independence' and who thinks it's going to give the very idea of energy independence a big long fat one right in the colon?
long fat one. forget the shale play and tar sands with oil < $80/barrel...
Go, go, go Alligator Jaws!
Initially read that as Aliigator Jews.
After perusing ZH for a few years I have Jews on the brain. Wonder if that means I'm semi-chosen.
Why is Private Pyle out of his bunk after lights-out? Why is Private Pyle holding that weapon? Why aren't you stomping Private Pyle's guts out?
FMJ... classic...
Why is Private Pyle out of his bunk after lights-out? Why is Private Pyle holding that weapon? Why aren't you stomping Private Pyle's guts out?
gas prices dropping despite a 0.2% drop in year over year wholesale stocks
The drop in stocks is NOT the problem. It's the drop in demand...
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=A103600001&f=M
I'd heard that if oil goes below 80, then boom
That's what some fracking CEO from texas said on the radio this morning. He said the small oil companies would start 'losing money' if oil fell below $80. He said if the p[rice stayed that low could be bad for oil cities, like Houston.
So Houston really will have a problem. The shale oil companies might need to rework their business model and just get into evangelical churches,. They can work on extracting even more God-fearing people from the population.
Gas prices are a fucking joke ..local news last night here in Lafayette La running head how this will boost spending that people will save a few hundred a year in cost.. are you fucking kidding me ...so now I save , what $1.85 a fill ..wow Now I can splurge on the 6 oz candy bar
As if gas prices will ever go down to where they really belong..
Ever find that Jet that disappeared ??
This is getting really interesting. The Saudi's are going to have a major problem on their hands with <$90 oil. The only way they stay in power is by maintaining the welfare state they've created to appease the much larger Muslim sect which does not like them very much. They need oil at $85 or above to maintain the current status quo. Without it, there will be so many Saudi royal heads rolling around, the kids will be playing soccer in the streets with them.
Interesting times indeed!
think this is big game of chicken being played between the Saudies and the Russians with US encouragement (US drillers just considered "collateral damage")
I agree, that's certainly what it looks like, but to what end? The Saudis risk a nasty revolt, the U.S. kisses the non-existent recovery goodbye (since the energy sector seemed to be the only thing propping it up), and the Russian economy goes to total shit. So who wins? The Chinese? Kindda seems that way, just like they're the winners with the lower PM prices.
Note to self: Start studying Mandarin.
Don't think you have to worry about the Chinese. They have their hands full with 1 billion people, environmental degradation and corruption. They will be lucky to survive in their current form of society. They were building one of the worlds largest nuclear reactors last I heard. If the japs can't run these safely how do you think the chinks will go. They've been known to have entire apartment buildings keel over like a stiff legged dog.
Gas here this am was 3.01..(Michigan) It jumped to 3.20 right at 10:15am and is holding there...of course, that was before the canadian shootout, so maybe it will go back down 20c tomorrow?
going lower
why ?
because
USD= PetroDollar
or
Election in near future?
Brent not as weak, some of WTI down is caused by strong dollar.