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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Stoctrash who wrote (9234)4/2/2008 2:58:28 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 33421
 
On a side note...what do you think of OIL and how it relates to the America's our situation ? IMHO the ME has us Ass high and bent over the "Barrel" with a half-nelson arm bar just for good measure. One ME oil guy said it best a few weeks ago on CNBS and it went something like this:
"The USA only asks "when and where the price will be?"....while China and others only ask "how much can you get us?"


I know you didn't ask me, but.....

I disagree. One of the best things that can be happening right now, IMO, is the current high price of oil. It will force us to come up with solutions that limit our reliance on mideast oil.

Electric cars are a step in the right direction as the US Coal reserves are some of the largest in the world. Of course, then you get some bitching and moaning about greenhouse gases, which then suggests alternate power generation methods. The only truly good answer is more nuclear power plants. Then we get cleaner air and less reliance on mideast oil (assuming we embrace electric/hybrid cars).

I do love seeing the greenies driving electric/hybrids who think they are doing the world a favor by not driving gasoline powered vehicles. This in a country that gets 65-70% of their energy from burning coal.



To: Stoctrash who wrote (9234)4/2/2008 3:49:33 PM
From: ahhaha  Read Replies (1) | Respond to of 33421
 
I know you don't like TA

I don't like anything that is of negative value.

I can't seem to understand the randomness here.

Randomness does not preclude the theory of runs. It only precludes making money.

The dollar is and has been in a long downtrend...going down and down. I can't seem to understand the randomness here.

No?


What fundamentals are in place for the dollar to continue down? In contrast, noney has an effective interest rate somewhere between 8 - 12%. Also, the low dollar conversion rate has made dollar investments attractive to foreigners.

On a side note...what do you think of OIL and how it relates to the America's our situation ?

A non issue. Check the Bakken Formation, in wikipedia. Probably, the USGS is suppressing the data release in order to steer you into alternatives(which only can supplant a max of 5% of energy needs by 2020). Thus the oil problem is merely caused by the 'crat impediment. Eventually, the people will force the 'crats to drill into Gore's front yard.

IMHO the ME has us Ass high and bent over the "Barrel" with a half-nelson arm bar just for good measure.

'crats have us there. They have a new religion that they will try to force down your throat. If you don't go along, it's the gulag for you.

"The USA only asks "when and where the price will be?"....while China and others only ask "how much can you get us?"

Why do the people seek to reduce what oil producers can get? War on wealth + holy environmentalist religion. You should hear the debates between me and the pseudo scientists in enviroreligion. Very humorous as I crush their biased, puny intellects. But i don't have to do that. All those Lil Guy 'crats will do it for me.