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Crude Over $100

Tyler Durden's picture




 

Crude futures soaring by nearly 2% overnight to over $100 is what all those evil, evil speculators at work looks like. That, or the Federal Reserve's "all in" bubble reflation policy perhaps. No, it has to be the speculators: the margin hiker-in-chief said so. And for those who are surprised by Crude's move into triple digit territory, which in turn will send gas prices to the highest they have ever been for this time of year just in time for the election, wait until the reality of $150 oil is priced in, which as we explained yesterday, is the matched price for a $4 trillion Fed balance sheet.

 

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Fri, 09/14/2012 - 06:50 | 2793799 Alpo for Granny
Alpo for Granny's picture

Oil that is...Black Gold....Texas Tea....Bitchez!

Fri, 09/14/2012 - 06:56 | 2793812 I think I need ...
I think I need to buy a gun's picture

everything will be fine until the elections.....SPR ;)

After that all god

Fri, 09/14/2012 - 07:27 | 2793865 malikai
malikai's picture

For extra lulz, line up a WTI and 10 year chart.

Fri, 09/14/2012 - 07:46 | 2793899 GetZeeGold
GetZeeGold's picture

 

 

Totally didn't see it coming.......who knew?

 

Fri, 09/14/2012 - 07:50 | 2793908 ITrustMyGut
ITrustMyGut's picture

say what ya will.. but Lindsay Williams has told us for a year.. $150 oil was coming... collapse of bonds... 

Fri, 09/14/2012 - 08:36 | 2794024 yudd
yudd's picture

He has been saying all sort of nonsense for the last four years j yay to sell his DVDs, remember all the stuff about silver and real money, all BS

Fri, 09/14/2012 - 10:41 | 2794734 greyghost
greyghost's picture

come on now....oil over $100 is all about peak oil. you were all told that this weekend.

Fri, 09/14/2012 - 07:47 | 2793902 Popo
Popo's picture

For even better lulz, consider that the middle-east is about to blow sky high,  Israel is going to hit Iran right after the election (as planned) and Russia is getting ready to bend Europe over the table and hike gas prices to the roof.

If anyone thinks *any* of this shit is priced in, they need to put the bong back on the shelf and open a window.

 

 

Fri, 09/14/2012 - 06:50 | 2793800 The Axe
The Axe's picture

The ChairSatan is committed  to this nightmare, why not 200 a barrel ?  Its My nightmare?   

Fri, 09/14/2012 - 07:16 | 2793843 LongSoupLine
LongSoupLine's picture

It's all one big evil plan to get the entire population into a bailed-out Chevy Volt.

Fri, 09/14/2012 - 07:57 | 2793917 GetZeeGold
GetZeeGold's picture

 

 

Good plan....you don't even need a match.

 

Just turn the key.

 

Fri, 09/14/2012 - 07:19 | 2793854 DormRoom
DormRoom's picture

poor ppl disproportionately spend more of their disposable income on food & energy.  Bernanke's reflation move will spill over into China/India & North Africa in a huge way in 2013 as inflation soars.

 

Triffin dilemma.  Save the US. destroy the world.

Fri, 09/14/2012 - 08:29 | 2793994 Whoa Dammit
Whoa Dammit's picture

Bernanke is destroying the US as well, and all for a short term stick save of the insolvent TBTF banks.

Fri, 09/14/2012 - 06:51 | 2793802 BBullionaire
BBullionaire's picture

Aint seen nuffin yet. This is just the warm up. price stabiliteee bitchez

http://bulletsbeansandbullion.blogspot.co.uk/

Fri, 09/14/2012 - 07:19 | 2793848 JPM Hater001
JPM Hater001's picture

My dad is visiting...He says it's the speculator.

I practically did a spit take.

I am apparently running a farm for the weekend.  Sheep mostly.

Fri, 09/14/2012 - 06:52 | 2793804 spinone
spinone's picture

Oil, gold, et al aren't going up.  The dollar is going down.  This is not an unintended consequence, but a deliberate plan.

Fri, 09/14/2012 - 07:59 | 2793925 CPL
CPL's picture

But...but...but...I was told iPads, Lollypops and Unicorns!

 

Fri, 09/14/2012 - 08:02 | 2793927 GetZeeGold
GetZeeGold's picture

 

 

The dollar is going down.

 

Compared to what again?

 

 

Fri, 09/14/2012 - 08:49 | 2794117 Law97
Law97's picture

Anything of value.

Fri, 09/14/2012 - 06:53 | 2793805 koaj
koaj's picture

Everytime any of you hear someone bitch about the price of gas educate them. I dont know of any other weapon other than to teach truth

Fri, 09/14/2012 - 06:52 | 2793806 Headbanger
Headbanger's picture

Oh c'mon get with the program.  This mess is all a conspiracy to sell lots more

Chevy Volts and save GM again.

Fri, 09/14/2012 - 07:18 | 2793850 reading
reading's picture

That would be about right for washington-math since GM loses 49k on every Volt they sell.  Definitely sell more, volume will make up for it.  

Fri, 09/14/2012 - 07:41 | 2793881 Flakmeister
Flakmeister's picture

I don;t really like GM, but I abhor bullshit and your $49,000 number is bullshit....

Fri, 09/14/2012 - 07:48 | 2793904 Dr. Richard Head
Dr. Richard Head's picture

You at least google it to see if it is bullshit. Dollars to donuts you are the wrong one here.

Fri, 09/14/2012 - 07:58 | 2793920 Hedgetard55
Hedgetard55's picture

He is correct, the real number is $75,ooo loss per vehicle.

Fri, 09/14/2012 - 08:11 | 2793943 GetZeeGold
GetZeeGold's picture

 

 

 

Tell him what he's won Don Pardo.

 

Fri, 09/14/2012 - 08:30 | 2793995 Flakmeister
Flakmeister's picture

By your same logic, the first 200 days you live in your new $200,000 house cost $1,000 a night...

The 1.2 billion spent on R&D for the Volt is not limited to the Volt only....

Nonsense like the figure for the Volt is a classic case of an article pandering to Confirmation Bias....

Fri, 09/14/2012 - 06:55 | 2793807 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Uh, perhaps it is the case the ME is about to blow a gasket?

Thank you, Mr. Chairman, for providing this free gasoline to help light our fire ... if we had to buy it ourselves at these prices it would be a whole lot more difficult to burn the place down.

Fri, 09/14/2012 - 06:54 | 2793808 IMA5U
IMA5U's picture

play the cards on the table

 

don't be a martyr in this market

 

and there are more ways to make $ than be long gold 

Fri, 09/14/2012 - 07:00 | 2793819 Mark Wilson
Mark Wilson's picture

That's the way I look at it as well, since there isn't a damned thing I can do about it.

Fri, 09/14/2012 - 08:13 | 2793951 GetZeeGold
GetZeeGold's picture

 

 

there are more ways to make $ than be long gold

 

I've got a stunt trader to do that for me....but I've been long gold for a decade and I can afford it.

 

Don't try this at home.

 

Fri, 09/14/2012 - 06:54 | 2793809 Esso
Esso's picture

Crude heading for $150? A sure sign that Government Motors is about to roll out the biggest, gas-gulpiest SUV ever.

Bullish!

Fri, 09/14/2012 - 07:02 | 2793823 HD
HD's picture

The Chevy Gulp?

Fri, 09/14/2012 - 07:07 | 2793829 Esso
Esso's picture

The Cadillac EscaGulp. MSRP $16 trillion [nicely equipped].

Fri, 09/14/2012 - 07:41 | 2793883 Dapper Dan
Dapper Dan's picture

See the new Ford line up.

 

The Ford Exhibition, 

The Ford Expenditure,  

The Ford Enormous,

And the Ford Gargantuan,   coming this Fall.

**Note: Some bridges in your town may have weight limitation that will not support the New Ford Gargantuan, check with your local Authorized Ford Dealer first.**

Fri, 09/14/2012 - 07:08 | 2793831 ghengis86
ghengis86's picture

The Chevy Big-Gulp, soon to be illegal in Nazi York City, but not before GM has fully stuffed the channel for Obama.

Fri, 09/14/2012 - 07:16 | 2793839 ParkAveFlasher
ParkAveFlasher's picture

They'll ban the Super Gulp here in Bartertown, but they will incentivize the financed purchase of a higher-priced mini Gulp loaded with "performance options."  Fixed!

Fri, 09/14/2012 - 08:01 | 2793929 ZeroAvatar
ZeroAvatar's picture

Those are illegal in New Yawk now, aren't they?

Fri, 09/14/2012 - 08:14 | 2793953 GetZeeGold
GetZeeGold's picture

 

 

Put down the soda......and walk away.

 

 

Fri, 09/14/2012 - 06:55 | 2793810 lolmao500
lolmao500's picture

And by evil speculators, you mean Bernanke and his minions?

Fri, 09/14/2012 - 07:04 | 2793814 buzzsaw99
buzzsaw99's picture

the day the real economy finally dies stocks and commodities will never have looked better

Fri, 09/14/2012 - 08:10 | 2793944 lolmao500
lolmao500's picture

You can't eat gold nor stocks. Those will only be good if Bernanke PRINTS.

When the real economy finally dies, I hope you got food, water, guns and bullets. (and silver and gold of course)

Fri, 09/14/2012 - 08:30 | 2793998 Pumpkin
Pumpkin's picture

Today's history lesson.

Fri, 09/14/2012 - 07:01 | 2793821 HD
HD's picture

I have one and only one remaining question.

As Europe slowly implodes, commodities explode and congress waits until the last second on the fiscal cliff - can the Fed hold the market up?

Fri, 09/14/2012 - 07:08 | 2793832 Headbanger
Headbanger's picture

As Tyler posted, I would think the huge Federal Reserve balance sheet will more and more be seen as a massive

weight looming over the markets that will crush them someday.  How will the Fed ever ne able to unwind its

obscene bloated balance sheet?

Fri, 09/14/2012 - 07:14 | 2793842 HD
HD's picture

They wont. Fed will hold T-bills until they mature and unwinding MBS will take decades. Fed is going to make Japan look responsible in comparison.

Fri, 09/14/2012 - 09:17 | 2794266 Spastica Rex
Spastica Rex's picture

Decades of miserable decline - whimpering, not banging.

Fri, 09/14/2012 - 07:22 | 2793856 buzzsaw99
buzzsaw99's picture

On a long enough timeline the survival rate for everyone drops to zero.

 

That includes "the markets", that includes the fed.

Fri, 09/14/2012 - 07:01 | 2793822 q99x2
q99x2's picture

Won't be able to cook my seagull eggs if I can't keep the engine running.

Fri, 09/14/2012 - 08:09 | 2793940 Alpo for Granny
Alpo for Granny's picture

Fucking seagull eggs. lol Jesus Christ thanks for the laugh q99. I needed that after the headlines this morning.

Fri, 09/14/2012 - 07:03 | 2793824 Upland27
Upland27's picture

bullish fred flintstone feet

Fri, 09/14/2012 - 07:11 | 2793834 ParkAveFlasher
ParkAveFlasher's picture

yabba dabba doo bitchez!

Fri, 09/14/2012 - 07:04 | 2793825 Dead Canary
Dead Canary's picture

Uh, excuse me. There is still the matter of all the riots in the mid east boosting oil. Not everything is about the Bernank.

Fri, 09/14/2012 - 07:10 | 2793833 Colonel Klink
Colonel Klink's picture

I'm not too concerned about the riots over there.  I'm waiting for when they start here.  Then things will get interesting.

Fri, 09/14/2012 - 07:26 | 2793863 Meesohaawnee
Meesohaawnee's picture

please.. crude was 97 before the riots.

Fri, 09/14/2012 - 07:32 | 2793870 machineh
machineh's picture

Dollar down = commodities up.

Thanks, Dr. Berwank!

Fri, 09/14/2012 - 07:12 | 2793836 SmoothCoolSmoke
SmoothCoolSmoke's picture

I think the Fed's move is cover for the BLS to manipulate the UE rate to 7.9 or lower by 11/1.  See, if the rate comes down...well, the Fed made it happen!

Oil is still an election bugaboo....but there's the SPS!

Once Obama is re-elected.......... the Fed pulls the rug out from under the market.... down 20%-30%.  At that point Obama does not care about the SP 500..... no more elections for him.

Fri, 09/14/2012 - 07:21 | 2793838 firstdivision
firstdivision's picture

€1.313 and still moving up. 

 

Guess Obama wasn't looking to get re-elected.  Come November when oil is at ~$120, and gas ~$4.30 nationwide, people are going to be pissed. 

Fri, 09/14/2012 - 07:14 | 2793841 BudFox2012
BudFox2012's picture

Guess I'm going to have to learn to make Methane from big shit, just like they did in mad max...

Fri, 09/14/2012 - 07:20 | 2793855 HD
HD's picture

A song dedication to goes out to Ben and the Fed:

 http://www.youtube.com/watch?v=x8W4DEMUSeM

Fri, 09/14/2012 - 07:20 | 2793853 q99x2
q99x2's picture

Faber says to give everyone $10,000,000. The CNBC guest schmuck says $5,000. I say give me $100,000 thousand first off the press and I'll be sure to pay it it back once I get to Costa Rico. 

Fri, 09/14/2012 - 07:24 | 2793860 buzzsaw99
buzzsaw99's picture

I hope, when you say everyone, you mean everyone in the world not just the usa.

Fri, 09/14/2012 - 07:22 | 2793857 Meesohaawnee
Meesohaawnee's picture

stimulative!

Fri, 09/14/2012 - 07:27 | 2793866 fonzannoon
fonzannoon's picture

i hope zh puts the faber feed from this am on. he was awesome. he could not stop laughing

Fri, 09/14/2012 - 07:30 | 2793869 Racer
Racer's picture

Yeah thanks ChairSatan, just what I want to make me spend more....on essentials ONLY

I won't have any money left for anything else.....

Fri, 09/14/2012 - 07:32 | 2793871 Ungaro
Ungaro's picture

Thank Gov food and energy prices don't count towards inflation. Hail to the thief for QEternity.

Fri, 09/14/2012 - 07:38 | 2793874 XtraBullish
XtraBullish's picture

Where is Phoenix Capital and the "Graham Summers response"? Give us once again why stocks are going to crash?

Fri, 09/14/2012 - 07:39 | 2793877 Northeaster
Northeaster's picture

$4.00/gal gas this morning on my way to work. We usually lag behind the rest so I can't imagine what the rest of you are paying.

That sucking sound, thanks to yesterdays announcement, is getting a hell of a lot louder.

Fri, 09/14/2012 - 07:48 | 2793903 ChrisDG74
ChrisDG74's picture

We jumped from $3.58 to $3.999 Monday. Google "Speedway/Greedway". They're the market leader in the states they're in, and 30-cent jumps are the norm for them.

But, anyhoo: refinery/ipeline issues(whether fabricated or not), the ME about to explode, the Bernank running the printing presses at full-speed, it's all part of the perfect storm. The shit WILL hit the fan, and when it does, it will be the peanut butter variety. The more you try to get rid of it, the more it spreads.

Fri, 09/14/2012 - 07:43 | 2793889 Bartanist
Bartanist's picture

There are rumors out of Israel that their military is highly active in the last week; general preparedness, moving toward Sinai and missile defense systems.

Over a year ago Obama was rumored to have told his insiders that they would have war no later than Sept/Oct of this year. The Israelis were rumored to have purchased a lot of oil futures based on that promise. Now publicly Obama is saying that he will not consider war until after the election and Bibi is Publicly throwing temper tantrums. Publicly Obama is refusing meet with Bibi. Who knows what is really going on.

Supposedly all of this is coordinatd through a central authority, the same authority that runs the US corporation and high level (higher level than the president) military, spying and space programs.

Fri, 09/14/2012 - 08:03 | 2793932 HD
HD's picture

"Supposedly all of this is coordinatd through a central authority, the same authority that runs the US corporation and high level (higher level than the president) military, spying and space programs."

I believe you're referring to Doop and Commander Zapp Brannigan.

Fri, 09/14/2012 - 07:43 | 2793890 backhandtopspin...
backhandtopspinslicer's picture

this will give great confidence to master obama to re-start that hedge fund with new "investments" into the wind and solar sectors -- happy days are here again

Fri, 09/14/2012 - 07:45 | 2793897 backhandtopspin...
backhandtopspinslicer's picture

obama's oil buddies are getting rich (as long as they make the conversion from paper to metal quickly of course)

Fri, 09/14/2012 - 07:47 | 2793900 backhandtopspin...
backhandtopspinslicer's picture

Release the Strategic Reserves I say! It belongs to the people!!!!! And while you are at it RELEASE THE KEVORKIAN!!!!!!!!!!!!!!!!!!!!!

Fri, 09/14/2012 - 07:49 | 2793907 backhandtopspin...
backhandtopspinslicer's picture

shhhhhhh, oils well that ends well -- we will have a happy ending wont we government mommy?

Fri, 09/14/2012 - 07:51 | 2793911 backhandtopspin...
backhandtopspinslicer's picture

glad I filled up two tanks yesterday, should last us a couple of days, yipeeeeee! I am in the money baby!!!!!!

Fri, 09/14/2012 - 07:53 | 2793915 backhandtopspin...
backhandtopspinslicer's picture

the chinese influence will reach amerika with their centuries old mind-set to be mined -- which is why I have just inked an exclusive distributorship deal for the mid-west for drum roll please and I aint kiding ladies and gents......RICKSHAWS baby!!!!!!!!!

Fri, 09/14/2012 - 07:58 | 2793922 magpie
magpie's picture

why not go for palanquins...thats four jobs instead of one.

Fri, 09/14/2012 - 08:04 | 2793933 rustymason
rustymason's picture

Which government redistribution programs receive cost of living adjustments? Will there be wage increases for middle class workers? Is it possible that those who do not work will be making much more than those who work?

Fri, 09/14/2012 - 08:10 | 2793942 cxp
cxp's picture

FOMC? Who worried of his printing. Lets just trade what we see. 

 

Gold reaches target at 1780 while SPX hits 1460 again a C3X long trade from monday. 

 

EURUSD hits target at 1.31 which was long from yesterdat at 1.2920.

 

http://capital3x.com/think-tank/charts-and-analysis-post-fomc-2/

 

Fri, 09/14/2012 - 08:44 | 2794085 Siegfried
Siegfried's picture

Soon the gasoline is going to cost so expensive that he will be too expensive to sacrifice itself by the fire...

Sun, 09/16/2012 - 00:54 | 2799948 rockface
rockface's picture

It is of critical importance that President Obama immediately release oil from the Strategic Oil Reserve to diffuse this crisis.  

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