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Bonds Pop, Stocks Drop As WTI Crude Slumps Back Under $48
US equity futures tossed and turned on another stormy (or exuberant) day of ECB chatter and SNB fallout...
China's overnight dumpfest...
Took its toll on US sentiment - with The Dow down 40 points and S&P down 4.5 points
But QE was all that mattered for Europe...
Treasury Futures prices rose (implying yields dropped) - 5Y Yields outperformed dropping around 6bps and 30Y -4bps or so...
Gold jumped to around 1285 overenight before China started falling apart, slid to 1272 and bounced back to end modestly lower...
But probably most important, WTI crude fell back below $48 (and Brent below $49)
And copper turned back lower haveing retraced teh China crash from last week
Charts: Bloomberghttp://www.zerohedge.com/news/2015-01-19/bonds-pop-stocks-drop-wti-crude-slumps-back-under-48
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Oil 20
Traders Store Oil in Offshore Supertankers
The supertanker TI Oceania was built to ferry vast quantities of oil across oceans but for the next year it is expected to remain firmly anchored off the coast of Singapore, storing millions of barrels of oil for giant trading house Vitol.
latest:
http://tersee.com/#!q=oil&t=text
This reminds me of 2008 except in reverse. 2015 is going to be so FUCKED UP!
https://www.youtube.com/watch?v=yloaBw80fV4
http://pontiactribune.com/gray-state-director-and-family-dead/
That ship looks like the good ship USSA. Wildly gyrating from the left to the right, tossed about by bankster ocean.
pods
Wait a second, not everybody's markets are closed for Martin Luther Nigger Day?
THAT'S RAYCISS
"We had to shanghai'd some folks"
Wife, daughter and writer of controversial FEMA camp movie ‘Gray State’ dead in ‘murder-suicide’
Being suicided along with having your family murdered has become some kind of public service award for exposing the criminality of the controllers. That's how you know if your making any kind of difference in this world. Maybe if I do a lot of good, one day I'll be suicided too. It's quite an honor.
http://topinfopost.com/2013/10/16/911-conspiracy-author-phillip-marshall-his-2-kids-found-dead-in-california
Makes you wonder what these two were about to say
http://www.bloomberg.com/news/2014-04-07/police-probe-deaths-of-former-abn-banker-wife-daughter.html
http://www.zerohedge.com/news/2014-04-20/bnp-banker-his-wife-and-nephew-murdered-belgium
the good guys die young- kinda feelin safe for now, just bitchin (bitchez), no action sept sum prepin. but, yea, join any kinda liberty movement could be "watchin da backside 24/7, yeh while ya sleep. hmmm, time to watch damon movies to prep for the robin hood daze ahead...
Wheres the cocaine and hookers its time to party like its 2199 yippie burn baby burn
Looks like Obummer will look to start a hot war somewhere to juice up the economy. You will know things are real bad when the Sinalao cartel cuts its protection payments to the DEA and Eric Holder, thanks to falling drug demand from a financially strapped American middle class.
I can't imagine anything bad happening with that plan. Certainly not a hull breach.
oil dropping is good as far as i am concerned.. hopefully the (Fake) stock market will follow!
The wheels on the bus go round and round...
(Hey Yellen, did you tighten the lugnuts on those wheels?)
We bursted some folk's bubbles...
Federer will have to work harder to earn his living. His sponsors will be poorer now that SNB has hiked the Franc.
On the other hand federer's holidays in Spain will be much cheaper!
Whereas Nadal will find eating fried fish or fondue in Lake Geneva expensive.
I had a dream that my car got wrecked because I was reading ZH articles instead of doing my homework.
But you would be an informed and knowledgeable person, even without a car!
Put your pants on.
Somebody wants oil at $40 - and we still hear announcements like Iraq pumping even MOAR oil in 2015. Its ALMOST like several OPEC countries took out big Puts on oil and WANT prices to fall.
Libya.
That's possible. But then I would also bet that US and UK oil companies are hedging their bets and shorted oil.
What I cannot figure out is who is buying oil futures to lift prices at this time? It's like shooting yourself in the face with a rapid 6" nail gun.
China is now buying crude oil at fire-sale prices and they are not "shooting yourself in the face with a rapid 6" nail gun."
Why buy high when it goes lower?
China is already an oil major..soon to surpass Saudi Arabia in production would appear. Plus they're on the "bleeding edge" of all electric vehicles.
So far Tesla has not been a hit...but KNDI sure has. With automated driving you won't even need to own a car if you don't want one...will simply come to you on your "i-phone."
"Like a drone strike on a jihadi.". Concierge service.
Plus you could probably live in the thing.
China is already an oil major.. i didn't know that and i doubt your stmnt. define major1-5m bbl/ day 6-10m bbl/day. more?
they consume ??? 16-18m still a huge shortfall. must ramp up military(which they are doing)...
The Oil War being waged by the US and its poodle, Saudi Arabia, against Russia continues unabated. Perhaps, the fond memories of the collapse of the USSR caused by Saudis reducing the price of oil down to $10 in 1986 is spurring this all out attack on oil.
"The fall of oil prices during conflict times is something unheard of. But it is happening today. Despite the fears of the current wars in Syria and Iraq spreading to other countries in the oil-producing region -- the Middle East accounts for 66% of the OPEC total -- oil prices are now plummeting.'
"The why and how of this weird phenomenon is found in a secret deal the United States and Saudi Arabia entered into last month. If oil prices fall, the US and its Gulf allies believe, Russia can be brought to its knees, for it earns 50 per cent of its revenue through oil and gas exports."It was the rising oil prices that enabled Russia by 2005 to regain at least a semblance of its superpower status and assert its authority, by waging war on Georgia in 2008 and annexing Crimea this year. If oil prices fall, the US and its Gulf allies believe, Russia can be brought to its knees, for it earns 50 per cent of its revenue through oil and gas exports.
This strategy worked in the late 1980s when the US and Saudi Arabia got together and manipulated the market to bring down the oil prices to as low as US$ 10 a barrel with the aim of punishing the Soviet Union. They did succeed in precipitating the collapse of the Soviet Union and ending the Cold War.
The West feels that if Russia is allowed to go unpunished or unchecked now, the world’s largest country will be emboldened to embark on ambitious moves that could be more serious than annexing Crimea. The West and its Gulf allies, especially Saudi Arabia, are angry with Russia, because Russian President Vladimir Putin is a staunch supporter of Syria’s Bashar al-Assad.
http://www.dailymirror.lk/55515/oil-politics-the-secret-us-saudi-deal
Of course the Epigovernment has not accomplished its goal for fossil fuel wars, i.e. has not reached the peak of the oil wars yet (Civilization Is Now On Suicide Watch - 2).
But, like those persistent climbers who climbed the face of El Capitan's Dawn Wall recently, they are working hard and getting closer.
In the previous post of this series we discussed the Black Sea oil episode which the Russians won, only to prompt a storm of sanctions, including the manipulation of the global oil market,
Manipulation that targeted Russia and U.S. fracking companies, fracking companies that have no counter attack except to bitch, moan, and shut down because their costs exceed the barrel price of oil in most cases.
Russia can do more than bitch, moan, and shut down ... well except they have implemented a shut down mechanism that will "incidentally" shut off gas to six European nations:
...
http://blogdredd.blogspot.com/2015/01/the-peak-of-oil-wars-12.html
Yeah, Daily Mirror... what a reliable source ! So far, this "strategy" (regardless of its intented consequences) managed only to shut down the oil investments in North America (shale oil + tar sands) with remarkable speed. Layoffs are already happening, here and now... Keep up the good work, folks !
Yeah, Daily Mirror
It's not the British rag named "Daily Mirror" as you blithely assume. Look carefully.
Paul Craig Roberts explains:
The Real Story Behind Oil Prices - Paul Craig Robertshttp://www.ilahikitabi.com/Video/VIDEOIDAaVWaBG1ov0/Build-up-to-WW3---Th...
Here is another source:
The details are emerging of a new secret and quite stupid Saudi-US deal on Syria and the so-called IS. It involves oil and gas control of the entire region and the weakening of Russia and Iran by Saudi Arabian flooding the world market with cheap oil. Details were concluded in the September meeting by US Secretary of State John Kerry and the Saudi King. The unintended consequence will be to push Russia even faster to turn east to China and Eurasia.
http://www.globalresearch.ca/the-secret-stupid-saudi-us-deal-on-syria/54...
Who is to blame for the staggering collapse of the price of oil? Is it the Saudis? Is it the United States? Are Saudi Arabia and the U.S. government working together to hurt Russia?
http://www.globalresearch.ca/who-is-behind-the-oil-war-and-how-low-will-...
On the other end of the spectrum, there were analysts that viewed things from a geopolitical prism. It was posited by this group of analysts that the Saudi move was made to pressure Ecuador, Iran, Russia, and Venezuela by Washington and its allies over issues like the Iranian nuclear program and the crises in Ukraine and Syria. In other words, petro-politics was at play and the market was not acting freely or on its own in bringing down the price of oil; it was a US strategy of economic warfare and coercive diplomacy
http://www.globalresearch.ca/oil-prices-and-energy-wars-the-u-s-empire-o...
Pepe Escobar explains:
In parallel, the House of Saud is obviously enjoying “punishing” Iran and Russia for their support of Bashar Assad in Damascus.
US President Barack Obama, in this interview, openly admitted that he wanted “disruptions” in the“price of oil” because he figured Russian President Vladimir Putin would have “enormous difficulty managing it.” So that settles the argument about hurting Russia and US-Saudi collusion, after US Secretary of State John Kerry allowed/endorsed King Abdullah in Jeddah to simultaneously raise oil production and embark on a cut price strategy.
http://www.vineyardsaker.co.nz/2015/01/19/what-game-is-the-house-of-saud...
Vice President of Iraq Nuri al-Maliki says the ongoing decline in oil prices is not a normal economic situation and has not happened on its own, but was rather instigated as an economic war targeting mostly Russia and Iran.
http://sputniknews.com/business/20150117/1017020581.html
The oil price crash is the first battle of Global War I between the geopolitical interests of the West versus Russia and its allies, says international consultant Adrian Salbuchi. In the future we might see the same happening over water or food, he adds.
http://rt.com/op-edge/222795-oil-prices-us-role/#.VLqNJPoPhso.twitter
Venezuela's Maduro Says Oil Being Used for 'Geopolitical War'
http://www.telesurtv.net/english/news/Venezuelas-Maduro-Says-Oil-Being-U...
‘Pump them to death’: The secret war on Russiahttp://mobile.news.com.au/finance/economy/pump-them-to-death-the-secret-...
We starved some folks (in 10 time zones).
How anyone still thinks the US is in control of this, is beyond comprehension.
It was obvious from the start, and if it wasn't then it should be now. We are the ones hurt by this.
Maybe the west THOUGHT it might benefit at first, but any lingering doubts should be cleared up by now.
The US is punishing Russia (AND the ME? AND China? And SCO?), like Poindexter punished Butch when he got drunk and picked a fight.
Russians are still getting about the same price in rubles for their oil after the Rubles fall to 65. But yes it buys less. We in America are the ones who are going to eventually get F--cked with 100 dollar shale. Yet another brilliant move by the brain surgeons that occupy the beltway, Hey let's attack oil and the Ruble at the same time, , that will teach em. wayyyda go gurus.
Again "cutting off your nose despite your face"
I'm not sure the Saudi's compete with Russia. Getting the oil out can be a problem.
S&P down 4.5 points, HURRY BTFD!!!!
Ya it's awesome for you- you'll be able to buy another .034 shares of your index fund with your $50/mo DCA account come Tuesday-
You go, Playa!
Wall St. wants to know how in the hell it can make money when it's in the middle of a blizzard of disconnects?......
We cheapened some Spanish wine for some folks.
"...traders plop!"
DOOOOOP
It came the day in which bankers will decide that it is time to win with the fall of markets. That day the markets will fall and not stop until you reach the bottom of the abyss. That day only farmland and gold to save lives...
Bankers aren't smart enough to "win" anything without Fed/government intervention.
OK..., the bankers are not smart..., but..., they have "the power". "The power" are the FED and the Government. Bankers are the bosses, bad bosses, but bosses who control "the power".
The Kings of the money (bankers) want to take possession of the fracking. The price of oil below $60 will allow them to achieve their goal.