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  • May 21, 2008 at 10:35 PM #209621
    capeman
    Participant

    I wanted to add the other facilities but I couldn’t get ahold of the TSLF and PDCF values. Those add about $200B more pushing the Fed to almost 60% of it’s balance sheet committed to mostly shady transactions.

    Take the chart back to Jan 1 2006 and the DBC plot goes nearly flat for those two years. I might add that on if I can get all of the data.

    May 21, 2008 at 10:37 PM #209480
    Arraya
    Participant

    Funny thing about these commodity bubble articles. There are an equal number of articles saying the opposite. I prefer ones that focus on fundamentals. Oil prices are driven by declining net exports, ya know less available to the world. Actually we are down 2.1 million barrels over the last 2 years for crude. So with increased demand from emerging markets, flat demand from the US and dramatically increasing consumption from oil exporting countries due to subsidies the price of crude is justified and will only skyrocket until ample alternatives come on line or we have a major crash of one of the big consumers of oil i.e. china, US etc… Actually the crack spread with refineries is very low and a gallon of gas should be over $5 now according to historical margins.

    Food is a little more complex. Food commodities primary cost excluding transport is still fossil fuel. So obviously it will track crude up. There are a multitude of other variables but you should get the picture. oil is food. Google “the oil we eat”

    Of course currency valuation plays are role but it is minor comparatively.

    Peoples heads get so wrapped up in the chicanery of currency valuation and market manipulation you forget to look at the real world where stuff comes from. Our global energy and food system is stressed to say the least if you actually took the time to look at it.

    May 21, 2008 at 10:37 PM #209543
    Arraya
    Participant

    Funny thing about these commodity bubble articles. There are an equal number of articles saying the opposite. I prefer ones that focus on fundamentals. Oil prices are driven by declining net exports, ya know less available to the world. Actually we are down 2.1 million barrels over the last 2 years for crude. So with increased demand from emerging markets, flat demand from the US and dramatically increasing consumption from oil exporting countries due to subsidies the price of crude is justified and will only skyrocket until ample alternatives come on line or we have a major crash of one of the big consumers of oil i.e. china, US etc… Actually the crack spread with refineries is very low and a gallon of gas should be over $5 now according to historical margins.

    Food is a little more complex. Food commodities primary cost excluding transport is still fossil fuel. So obviously it will track crude up. There are a multitude of other variables but you should get the picture. oil is food. Google “the oil we eat”

    Of course currency valuation plays are role but it is minor comparatively.

    Peoples heads get so wrapped up in the chicanery of currency valuation and market manipulation you forget to look at the real world where stuff comes from. Our global energy and food system is stressed to say the least if you actually took the time to look at it.

    May 21, 2008 at 10:37 PM #209572
    Arraya
    Participant

    Funny thing about these commodity bubble articles. There are an equal number of articles saying the opposite. I prefer ones that focus on fundamentals. Oil prices are driven by declining net exports, ya know less available to the world. Actually we are down 2.1 million barrels over the last 2 years for crude. So with increased demand from emerging markets, flat demand from the US and dramatically increasing consumption from oil exporting countries due to subsidies the price of crude is justified and will only skyrocket until ample alternatives come on line or we have a major crash of one of the big consumers of oil i.e. china, US etc… Actually the crack spread with refineries is very low and a gallon of gas should be over $5 now according to historical margins.

    Food is a little more complex. Food commodities primary cost excluding transport is still fossil fuel. So obviously it will track crude up. There are a multitude of other variables but you should get the picture. oil is food. Google “the oil we eat”

    Of course currency valuation plays are role but it is minor comparatively.

    Peoples heads get so wrapped up in the chicanery of currency valuation and market manipulation you forget to look at the real world where stuff comes from. Our global energy and food system is stressed to say the least if you actually took the time to look at it.

    May 21, 2008 at 10:37 PM #209592
    Arraya
    Participant

    Funny thing about these commodity bubble articles. There are an equal number of articles saying the opposite. I prefer ones that focus on fundamentals. Oil prices are driven by declining net exports, ya know less available to the world. Actually we are down 2.1 million barrels over the last 2 years for crude. So with increased demand from emerging markets, flat demand from the US and dramatically increasing consumption from oil exporting countries due to subsidies the price of crude is justified and will only skyrocket until ample alternatives come on line or we have a major crash of one of the big consumers of oil i.e. china, US etc… Actually the crack spread with refineries is very low and a gallon of gas should be over $5 now according to historical margins.

    Food is a little more complex. Food commodities primary cost excluding transport is still fossil fuel. So obviously it will track crude up. There are a multitude of other variables but you should get the picture. oil is food. Google “the oil we eat”

    Of course currency valuation plays are role but it is minor comparatively.

    Peoples heads get so wrapped up in the chicanery of currency valuation and market manipulation you forget to look at the real world where stuff comes from. Our global energy and food system is stressed to say the least if you actually took the time to look at it.

    May 21, 2008 at 10:37 PM #209626
    Arraya
    Participant

    Funny thing about these commodity bubble articles. There are an equal number of articles saying the opposite. I prefer ones that focus on fundamentals. Oil prices are driven by declining net exports, ya know less available to the world. Actually we are down 2.1 million barrels over the last 2 years for crude. So with increased demand from emerging markets, flat demand from the US and dramatically increasing consumption from oil exporting countries due to subsidies the price of crude is justified and will only skyrocket until ample alternatives come on line or we have a major crash of one of the big consumers of oil i.e. china, US etc… Actually the crack spread with refineries is very low and a gallon of gas should be over $5 now according to historical margins.

    Food is a little more complex. Food commodities primary cost excluding transport is still fossil fuel. So obviously it will track crude up. There are a multitude of other variables but you should get the picture. oil is food. Google “the oil we eat”

    Of course currency valuation plays are role but it is minor comparatively.

    Peoples heads get so wrapped up in the chicanery of currency valuation and market manipulation you forget to look at the real world where stuff comes from. Our global energy and food system is stressed to say the least if you actually took the time to look at it.

    May 21, 2008 at 10:57 PM #209490
    Arraya
    Participant

    Interesting that long post be Denninger and not one production number, stockpile number or any mention of fundamentals. How the hell can you talk about a bubble with out talking about fundamentals. Clueless…

    May 21, 2008 at 10:57 PM #209553
    Arraya
    Participant

    Interesting that long post be Denninger and not one production number, stockpile number or any mention of fundamentals. How the hell can you talk about a bubble with out talking about fundamentals. Clueless…

    May 21, 2008 at 10:57 PM #209583
    Arraya
    Participant

    Interesting that long post be Denninger and not one production number, stockpile number or any mention of fundamentals. How the hell can you talk about a bubble with out talking about fundamentals. Clueless…

    May 21, 2008 at 10:57 PM #209603
    Arraya
    Participant

    Interesting that long post be Denninger and not one production number, stockpile number or any mention of fundamentals. How the hell can you talk about a bubble with out talking about fundamentals. Clueless…

    May 21, 2008 at 10:57 PM #209636
    Arraya
    Participant

    Interesting that long post be Denninger and not one production number, stockpile number or any mention of fundamentals. How the hell can you talk about a bubble with out talking about fundamentals. Clueless…

    May 21, 2008 at 11:07 PM #209495
    HereWeGo
    Participant

    LOL. I suppose the president of Shell Oil is clueless too. He says oil should be between $35 and $65 a barrel.

    May 21, 2008 at 11:07 PM #209557
    HereWeGo
    Participant

    LOL. I suppose the president of Shell Oil is clueless too. He says oil should be between $35 and $65 a barrel.

    May 21, 2008 at 11:07 PM #209588
    HereWeGo
    Participant

    LOL. I suppose the president of Shell Oil is clueless too. He says oil should be between $35 and $65 a barrel.

    May 21, 2008 at 11:07 PM #209608
    HereWeGo
    Participant

    LOL. I suppose the president of Shell Oil is clueless too. He says oil should be between $35 and $65 a barrel.

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