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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (33782)	12/24/2010 2:32:59 PM
From: benwood	1 Recommendation Read Replies (1) \| Respond to of 71456

I agree, with perhaps a bigger pullback next year. And I would not be surprised to see $200 by 2012-2013 and $300 within two more years. $10 gas within five years or so.

To: Crimson Ghost who wrote (33782)	12/27/2010 5:13:35 PM
From: ggersh	Respond to of 71456

huffingtonpost.com Time to Dismiss the CFTC Chairman and His Commissioners The Dodd-Frank Act gave the Commodity Futures Trading Commission (CFTC) until January 2011 to set mandatory position limits to curb the pervasive and excessive speculation in the energy markets. Well lo and behold, on Dec. 15 the Goldman Sachs alumnus and chairman of the CFTC told congressional lawmakers that the CFTC wouldn't meet the deadline "because it doesn't yet have sufficient data." A few days earlier, Commissioner Jill Sommers, forever happy to lend a good word supporting delay, delay, delay, would instruct us that it was "bad policy to promulgate regulations that are not enforceable." Thus permitting Chairman Gary Gensler, as part of the Sommers/Gensler duo -- the CFTC's own Abbott and Costello act -- to intone, "It's just appropriate to let this one ripen a little more." Just "ripen a little more." Really? In remarks made on Sept. 19, 2008, before the First Asia Derivatives Conference in Tokyo, Ms. Sommers was quoted as saying: The U.S. Futures markets have been the focus of intense scrutiny by law makers, the press, and the public over the past year as prices for crude oil and many agricultural products reached record highs. The question on everyone's mind is whether trading is responsible especially with the influx of new traders into the markets... One of the primary tasks of market regulators is to foster high level of market integrity necessary to preserve the important management and price discovery the futures market perform. Succinct words from a commissioner whose formation included service with the International Swaps and Derivatives Association as head of Government Affairs and Policy, working closely with congressional staff as well as time spent with the Chicago Mercantile Exchange (CME) being responsible for oversight of regulatory and legislative affairs. Talk about putting the lady fox (the reverse would be inappropriate) in the hen house. This past week as the CFTC put forward a proposal to institute a rule to restrict the number of contracts a firm can hold, and called for a 60-day, public-comment period, Ms. Sommers, now some two years since her Tokyo dissertation, let it be known she would vote against the rule, thereby assuming the mantle of the "Queen of Delay and Obfuscation" on issues relevant to reforming our severely tainted commodities trading institutions and procedures.

To: Crimson Ghost who wrote (33782)	12/27/2010 5:58:20 PM
From: DebtBomb	Read Replies (1) \| Respond to of 71456

$5 for a gallon of gasoline in 2012 Laurie Segall, staff reporter, On Monday December 27, 2010, 4:52 pm The former president of Shell Oil, John Hofmeister, says Americans could be paying $5 for a gallon of gasoline by 2012. In an interview with Platt's Energy Week television, Hofmeister predicted gasoline prices will spike as the global demand for oil increases. "I'm predicting actually the worst outcome over the next two years which takes us to 2012 with higher gasoline prices," he said. Tom Kloza, chief oil analyst with Oil Price Information Service says Americans will see gasoline prices hit the $5 a gallon mark in the next decade, but not by 2012. "That wolf is out there and it's going to be at the door...I agree with him that we'll see those numbers at some point this decade but not yet." Kloza said. "The demand is still sluggish enough in some of the mature economies." Gasoline prices have been steadily rising. Last week, gas prices crossed the $3 mark for the first time since October 2008. According to AAA figures, prices are up 4% from a month ago and 16% from the $2.585 average a year ago. A study from the Oil Price Information Service estimates drivers will spend $305 on gasoline in December. According to the study, fuel prices are up 13.6% from last December and 76% higher from December 2008. Gas prices eased off last week's gains but still remained around the $90-a-barrel mark, settling at $91-a-barrel. Prices were down 51 cents from Thursday's close after China unexpectedly raised interest rates over the holiday weekend for the second time in two months. Oil prices settled above $90 a barrel for the first time since October of 2008. finance.yahoo.com