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Looming Financial Catastrophe: A Real Inconvenient Truth
"Outlaw lobbyists and lobbying of public officials."
I'd like to remind you of this:
Congress shall make no law ... abridging... the right of the people ... to petition the Government for a redress of grievances.
The problem isn't the lobbyists. The problem is that government power is worth money.
The only way to get the money out of politics is to reduce the power and scope of government.
Credit Default Risk Chart
Benefiting from the Oil Correction
finance.yahoo.com/q?s=...
What We Can Do To Reverse the Oil Crisis
On the topic of the refiners & idle capacity: let's say you're a small/medium refiner & don't have your own wells. Oil spikes to $145/bbl but retail gas is only about $4.50 so you're losing money on every gallon.
Doesn't it seem like that's a good time to shut down & start making repairs?
Take a look at the chart of something like WNR it's gone from $65 to $8 and it isn't even sitting on a pile of toxic subprime mortgages.
The Dollar's Decline: Taking Responsibility for the Future
Other posters disclose their financial positions. You should disclose your political affiliations, so that readers can understand that your economic commentary is primarily dictated by your politics.
How Much Will Drilling in ANWR Affect Oil Prices?
1) We pay AMERICAN WORKERS to drill domestic oil
2) domestic oil is on the AMERICAN SIDE of the trade deficit
Is There an Oil Crisis Looming?
Isn't another possible reason for the "2012...falling off a cliff" effect simply that people don't make announcements for plans that far out?
The Oil Shortage, and Other Fairy Tales
The "evil speculators" drive up the price of Oil & other commodities - like wheat. While they are doing this, the wheat farmers make real money, correct?
During this year's oil bubble, American oil producers are busy pulling marginal oil out of the ground, new production is being chased, and consumers are engaged in "permanent demand destruction".
Once the oil bubble pops, won't all those "evil speculators" be the ones who get wiped out?
And doesn't every barrel extracted in the U.S., and every whiff of domestic demand destruction lead to an improved balance of trade?
If you're right and the oil bubble is temporary market excess, why complain about these things?
America's Energy Policy: Coming to Terms with Reality
The "evil speculators" drive up the price of Oil & other commodities - like wheat. While they are doing this, the wheat farmers make real money, correct?
During this year's oil bubble, American oil producers are busy pulling marginal oil out of the ground, new production is being chased, and consumers are engaged in "permanent demand destruction".
Once the oil bubble pops, won't all those "evil speculators" be the ones who get wiped out?
And doesn't every barrel extracted in the U.S., and every whiff of domestic demand destruction lead to an improved balance of trade?
If you're right and the oil bubble is temporary market excess, why complain about these things?
The Inflation Argument, and other Thoughts
Tell it to the people in Arizona who are trying to get out.
Peak Oil and Climate Change: Re-Tooling Transportation
How Much Worse Can It Get For Oil?
Record High Crude: Free Markets Meet the Cartel
Caterpillar Grows Wings
"...unlike fellow Dow component General Electric (GE), Caterpillar reported a profit..."
GE made 44 cents.
www.thestreet.com/stor...
Some people found this disappointing, but it wasn't a loss.
-Mr. Math
Oil and the Great Moderation