Stacy Summary: I know many here are looking at silver, but the move in oil was historic. Oil collapsed into free-fall on Thursday, diving 10 percent and sending U.S. crude back under $100 a barrel as investors staged an unprecedented stampede for the exits..
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Stacy Summary: I’m sure this guy was just on vacation in Waziristan. I hear it’s really relaxing. In case he wasn’t, however, and this report is true: go long gold, silver and oil!
Update: More on ties to local militants from CNN; and this from The Star.
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Oil chart:
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Stacy Summary: Getting down on bended knee is for those who believe their dollar of debt is worth something. The fact is these chumps are trading their finite resources for some pieces of paper that the US can print up at will, so we have to pretend we are on our knees otherwise they just might catch on to our scam. Jibber Jabber thread as well (ha ha, as if you needed to be told)!
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Stacy Summary: We look at death spirals and vanity trades in the global financial markets. In the second half of the show, Max talks to Richard Buchanan about his attempts to form a Facebook union.
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Stacy Summary: Just found this first story and the two that follow are from links within the first. One of my ideas is that we should entirely remove all carbon taxes we currently pay, slash them down to zero; I would also cut income tax drastically if most of it is going to the military, which, in turn, is mostly used to ‘secure’ other people’s oil, natural gas and other resources and, thus, an indirect carbon tax. I don’t believe that our energy systems would be as inefficient as they currently are if it weren’t for so much government spending in and distortion of the energy market.
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Stacy Summary: Of course, the broker was in London. Story sounds as suspicious as the Russian ‘spies’ story.
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Stacy Summary: Wonder what all these bankers are going to do with the dozens and dozens of tankers off the coast of UK and other parts of Europe waiting for buyers . . . . ?
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Stacy Summary: Max and I wanted to make a film about this for Aljazeera in 2005/06. We wanted to look at the coming resource wars based around the Arctic in particular. Unfortunately, our executive left the network, so we never did make it.
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Stacy Summary: Morning y’all. Visited 321energy.com and saw this surprising chart.
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Stacy Summary: Thoughts on T. Boone’s statements? By the way, you can now grab the comments rss feed at the bottom of the sidebar if you would like.
Boone, speaking to the newly formed Congressional Natural Gas Caucus, complained that the Iraqi government has awarded contracts to foreign companies, particularly Chinese firms, to develop Iraq’s vast reserves while American companies have mostly been shut out.
“They’re opening them (oil fields) up to other companies all over the world … We’re entitled to it,” Pickens said of Iraq’s oil. “Heck, we even lost 5,000 of our people, 65,000 injured and a trillion, five hundred billion dollars.”
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Stacy Summary: The price of oil seems pretty insane in face of the US unemployment and denial of credit situation. But then again, US monetary policy and war mongering are even more insane. Who will win out in the end?
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Stacy Summary: Hopefully Mike/Liverpool’s thing of beauty will happen soon so we can move past that . . . ! And please please let’s talk about some financial news headlines and lay off the lizard people stuff for just one night. Unless you are being paid to post such comments, of course; don’t want to put you out of a job in these tough times.
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Stacy Summary: Place your bets in the comments section. Gold or dollar? Which will win the title fight?
Updates:
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Rick Ackerman
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