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Crude Over $100
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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Oil that is...Black Gold....Texas Tea....Bitchez!
everything will be fine until the elections.....SPR ;)
After that all god
For extra lulz, line up a WTI and 10 year chart.
Totally didn't see it coming.......who knew?
say what ya will.. but Lindsay Williams has told us for a year.. $150 oil was coming... collapse of bonds...
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
come on now....oil over $100 is all about peak oil. you were all told that this weekend.
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.
The ChairSatan is committed to this nightmare, why not 200 a barrel ? Its My nightmare?
It's all one big evil plan to get the entire population into a bailed-out Chevy Volt.
Good plan....you don't even need a match.
Just turn the key.
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.
Bernanke is destroying the US as well, and all for a short term stick save of the insolvent TBTF banks.
Aint seen nuffin yet. This is just the warm up. price stabiliteee bitchez
http://bulletsbeansandbullion.blogspot.co.uk/
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.
Oil, gold, et al aren't going up. The dollar is going down. This is not an unintended consequence, but a deliberate plan.
But...but...but...I was told iPads, Lollypops and Unicorns!
The dollar is going down.
Compared to what again?
Anything of value.
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
Oh c'mon get with the program. This mess is all a conspiracy to sell lots more
Chevy Volts and save GM again.
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.
I don;t really like GM, but I abhor bullshit and your $49,000 number is bullshit....
You at least google it to see if it is bullshit. Dollars to donuts you are the wrong one here.
He is correct, the real number is $75,ooo loss per vehicle.
Tell him what he's won Don Pardo.
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....
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.
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
That's the way I look at it as well, since there isn't a damned thing I can do about it.
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.
Crude heading for $150? A sure sign that Government Motors is about to roll out the biggest, gas-gulpiest SUV ever.
Bullish!
The Chevy Gulp?
The Cadillac EscaGulp. MSRP $16 trillion [nicely equipped].
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.**
The Chevy Big-Gulp, soon to be illegal in Nazi York City, but not before GM has fully stuffed the channel for Obama.
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!
Those are illegal in New Yawk now, aren't they?
Put down the soda......and walk away.
And by evil speculators, you mean Bernanke and his minions?
the day the real economy finally dies stocks and commodities will never have looked better
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)
Today's history lesson.
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?
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?
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.
Decades of miserable decline - whimpering, not banging.
On a long enough timeline the survival rate for everyone drops to zero.
That includes "the markets", that includes the fed.
Won't be able to cook my seagull eggs if I can't keep the engine running.
Fucking seagull eggs. lol Jesus Christ thanks for the laugh q99. I needed that after the headlines this morning.
bullish fred flintstone feet
yabba dabba doo bitchez!
Uh, excuse me. There is still the matter of all the riots in the mid east boosting oil. Not everything is about the Bernank.
I'm not too concerned about the riots over there. I'm waiting for when they start here. Then things will get interesting.
please.. crude was 97 before the riots.
Dollar down = commodities up.
Thanks, Dr. Berwank!
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.
€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.
Guess I'm going to have to learn to make Methane from big shit, just like they did in mad max...
A song dedication to goes out to Ben and the Fed:
http://www.youtube.com/watch?v=x8W4DEMUSeM
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.
I hope, when you say everyone, you mean everyone in the world not just the usa.
stimulative!
i hope zh puts the faber feed from this am on. he was awesome. he could not stop laughing
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.....
Thank Gov food and energy prices don't count towards inflation. Hail to the thief for QEternity.
Where is Phoenix Capital and the "Graham Summers response"? Give us once again why stocks are going to crash?
$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.
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.
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.
"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.
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
obama's oil buddies are getting rich (as long as they make the conversion from paper to metal quickly of course)
Release the Strategic Reserves I say! It belongs to the people!!!!! And while you are at it RELEASE THE KEVORKIAN!!!!!!!!!!!!!!!!!!!!!
shhhhhhh, oils well that ends well -- we will have a happy ending wont we government mommy?
glad I filled up two tanks yesterday, should last us a couple of days, yipeeeeee! I am in the money baby!!!!!!
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!!!!!!!!!
why not go for palanquins...thats four jobs instead of one.
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?
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/
Soon the gasoline is going to cost so expensive that he will be too expensive to sacrifice itself by the fire...
It is of critical importance that President Obama immediately release oil from the Strategic Oil Reserve to diffuse this crisis.