Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (43796)	5/9/2005 9:03:02 AM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 206092

OPEC 30.27m bpd ......the Wall IS coming. Production and supply keep ramping Inventory levels week after week, after week, after week, after week... Slowing Demand expectations (US Consumer with record debt levels & "0" savings rate) in the US based upon the Fed raising rates into an Oil Spike along with the Euro-zone collapsing and China's demand slowing, along with structural cracks appearing in their boom story...don't bode well for the Global Demand ramp up in the 2nd half of 2005 that Oil Bulls are now using as the LAST pillar to prop up present prices. Crude Oil futures are being supported and propped up untill the Bush Energy Plan gets passed... it is as simple as that - PERIOD. Just watch what happens to Oil Prices when the Energy Plan gets passed.... game over. Oilpatch Bulls ought to do a little due diligence digging into just how deep some of the Investment Banks Energy Derivivatives Traders are into Oil here... everything from owning Storage Facilities, to tankers/shipping etc. Oil has been kept off the market, the Refiners are doign what is in THEIR best interest - not the markets etc. This is all about "inside baseball" here... it's Student Body Right... everyone is on the same side of the Oil Trade....for now. But, when the Energy Plan get's passed... game over. I predict sub $43 Oil and better than a 50:50 chance of seeing $38ish Crude Oil within 8-12 weeks of the Energy Bill getting passed. And if we do see a US Recession and China does hit a soft patch... back to a band of $25-$35 faster than you can say "Matt Who ?" Without drawing this out into a 50 page White Paper...this is basically a huge transfer of Wealth from the working middle class to the Ultra-Wealthy/Global Elitists. Go back and Google Search the public information available on the early Bush Adminstration Plans with the Big Oil Companies and Iraq... I guarantee you - you will NEVER use the word "conspiracy theory" towards those cynical of the entire Big Oil/Bush Cheney pOILitical machine again. Someone is going to have to finance those Twin Deficits, someone is going to have to bear the burden of a Fiat Currency that has been printed to levels of debasement, flooding the rest of the world with worthless IOU's and "someone" is also going to have to shoulder a bankrupt Medicare, Social Security and Pension System....and perhaps bail out another Derivatives Implosion - this time assuredly being a multiple of LTCM's crisis level. ...that "someone" is you and me and the Working Middle Class of America and sadly; the following generation as well - our Children. The International Elitist's are transfering OUT of paper assets and money just as they are about to transfer the rest of America INTO it... That they are moving to put Social Security into the hands of JP Morgan, Goldman Sachs et al; directly into this state of Economic Affairs is beyond criminal... it is a historic event that will change the world. Those that we have put into Political Power... are Internationalists... their Corporations and their Wealth is globally based. They care not if a plant employs workers in Grand Rapids Michigan, or Dim Bao China....profit is profit and that is ALL that matters. The Republicans have just "asset" raped America and the Democrats with their "feel good" - "we'll take care of you" social programs wait in the wings...for a soon to be whip-sawed US Consumer; who is presently being sedated with the opiate-level Housing Bubble. We are aleady seeing "2- America's" ...with the Industrial/Manufacturing based Mid-West being gutted into Rust Belt perpituity...and that collapse will affect both Coasts ...in due time. Only an immediate complete transformation of how we fund Political Campaigns and WHO we elect - ie: no more professional career politicians, or 3rd Generation Skull & Crossbone Society Frontmen... will stop America's rapid headlong plunge to also-ran, 2nd Tier Global Power Status...and sadly; it's probably already too late. Warren Buffetts prolific words of America becoming a "Sharecropper Society" ...sadly; lie dead ahead as America's Economic Reality.