Posts filed under “Energy”
TBP: Wow! Congratulations, Mr. Crude Oil, that’s quite a number
CRUDE OIL: Well, I appreciate your saying so — its been a long time coming.
TBP: What do you attribute this accomplishment to?
CRUDE OIL: Well, there are many, many people who share this honor. If I may, I’d like to thank the people who made this possible:
-Fed Chair Greenspan for your absolute commitment to debasing the Dollar and sparking this current round of inflation;
-Fed Chair Bernanke, for not deviating too far from Greenie’s policies.
-To the people of China and India now entering the middle class — mucho appreciado for your newfound consumption habits! Just keep doing what the Americans do and you will be all right;
-To the American people — keep on truckin’ — and keep on buying SUVs and large vehicles
-To the US Congress, for your steadfast commitment to ethanol (tee hee) — and what has to be the greatest energy policy in the world!
-And of course, to Messrs Bush and Cheney, for starting not one but two shooting wars in the Middle East.
Thank you all! It wouldn’t have been possible without each of you !
TBP: Thanks Mr. Crude Oil — come by anytime . . .
Crude Oil, Intra Day February Contract, January 2, 2008 (blue)
A tale of two headlines:
Won’t someone please explain this to me?
How is it possible that the regions of the world with strong currencies — like Europe, U.K., Australia, and Canada — are having inflation problems. And yet at the same time, the nation having a record low currency — i.e., the United States and our Dollar — doesn’t seem to either inflationary pressures (At least according to official CPI data). And we seem to have little concern about further currency induced price increases.
Am I the only person who finds this incongruent?
If Goldman Sachs is correct, and the Fed does eventually cut rates to 3% — what might that mean for various dollar priced commodities like Oil & Gold?
Probably very little — if (and this is a big IF) we are in the throes of a recession. But what if the Bulls are right, and this is merely a mild mid cycle correction?
A 3% Fed rate could mean Oil at $150 and Gold at $1200.
Excerpts after the jump . . .
Inflation fears hit eurozone
By Ralph Atkins in Frankfurt and Krishna Guha in Washington
FT, November 27 2007 18:02
Goldman Sees Funds Rate Cut to 3%
WSJ, November 27, 2007, 9:26 am