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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Alpo for Granny's picture

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

I think I need to buy a gun's picture

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

After that all god

malikai's picture

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

GetZeeGold's picture

 

 

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

 

ITrustMyGut's picture

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

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

greyghost's picture

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

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.

 

 

The Axe's picture

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

LongSoupLine's picture

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

GetZeeGold's picture

 

 

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

 

Just turn the key.

 

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.

Whoa Dammit's picture

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

BBullionaire's picture

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

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

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.

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.

CPL's picture

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

 

GetZeeGold's picture

 

 

The dollar is going down.

 

Compared to what again?

 

 

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

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.

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.  

Flakmeister's picture

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

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.

Hedgetard55's picture

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

GetZeeGold's picture

 

 

 

Tell him what he's won Don Pardo.

 

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....

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.

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 

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.

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.

 

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!

Esso's picture

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

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.**

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.

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!

ZeroAvatar's picture

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

GetZeeGold's picture

 

 

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

 

 

lolmao500's picture

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

buzzsaw99's picture

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

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)

Pumpkin's picture

Today's history lesson.

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?

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?

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.

Spastica Rex's picture

Decades of miserable decline - whimpering, not banging.

buzzsaw99's picture

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

 

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

q99x2's picture

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

Alpo for Granny's picture

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