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It is simply not physically possible for 400M, or even 40M barrels of oil to actually be delivered to Cushing, I can tell you FOR A FACT that over 90% of those contracts will not only be cancelled before the expiration date, but that they will then be rolled over to August.

59 percent of all Americans now receive money from the federal government in one form or another... is there any hope?

Indeed the CFTC's allegations are a how-to guide for any small group of energy traders that want to move the NYMEX up and down 5% at will.

Cash is not our enemy right now - cash is your friend.

"The market now sits right on a major trendline. If it is decisively broken, a bigger decline could lie ahead after the end of POMO."

He could be guilty. But he deserves a fair trial, and someone's making damn sure he doesn't get one.

This situation is too far gone, the energy industry has it's hooks too deeply in our politicians and they have WAY too much control over our daily lives. That means the logical thing to do, when faced with an out-of-control vital service that is gouging consumers and damaging our economy, our environment, and working against our national interests - is to NATIONALIZE THEM.

We are about to experience the consequences of decades of really bad decisions.

Now that, my friends, is how you buy yourself some good Government!

Only The Bernank is fool enough to lend money to US at these rates but, then again, he's only lending us our own money so it's not like he himself is taking on any risk at all.

So accident applies to this situation in the same way that it's an "accident" if the number you bet on in Roulette comes up on the wheel - it doesn't USUALLY happen but, if you spin the wheel enough times - it's GOING to happen

"But alas, a minor problem looms. The Treasury will issue $68 billion in net new debt on Monday that the market must pay for."

Inflation is “the most pressing problem” facing China, Vice Premier Wang Qishan said at the Washington talks. Hey - they should all move over here - our Fed Chairman says we don't have any inflation at all!

When you wonder what kind if idiots would be buying 10-year notes at 3% when a gallon of gas was $1.40 ten years ago and now $4 - that idiot is you.

Speaking of spending money we don't have - $23Bn of POMO money will be handed out to the IBanks in the first 3 days of the week as the Government props 'till we drop.