One word: OIL

[paramount]

60 Minutes on the Oil Fiasco

60 minutes had an EXCELLENT investigation on the fluctuation in oil prices, I’ll try to summarize:

1. As stocks began to fall in early 2008, investors moved money into commodities, much of that oil.

2. There was way more money in the oil markets than there was actual oil!

3. Early in 2008, according to the US Gov’t oil supplies were increasing while demand was going down.

Bottom line: We were paying $4.50 per gallon due to nothing more than speculators and investors.

One of the largest oil investors was CalPERS – so now California gov’t workers will not only take down California, they want to take down the entire country!

They also connected much of that speculation all the way back to Enron (who lobbied hard for commodity market deregulation).

Why is oil cheaper now? According to 60 minutes, one big reason is that congress was threatening increased oil market regulation.

[kewp]

If you want to brag about how great your picks are, go do it on MarketGuru:

http://www.marketguru.com

[kewp]

If you want to brag about how great your picks are, go do it on MarketGuru:

http://www.marketguru.com

[kewp]

If you want to brag about how great your picks are, go do it on MarketGuru:

http://www.marketguru.com

[kewp]

If you want to brag about how great your picks are, go do it on MarketGuru:

http://www.marketguru.com

[kewp]

If you want to brag about how great your picks are, go do it on MarketGuru:

http://www.marketguru.com

[Arraya]

Bottom line: We were paying $4.50 per gallon due to nothing more than speculators and investors.

In late 2004 world oil production stalled @ around 86 million +/- 500K barrels a day until july-aug 08. During that time China/India increased consumption by around 8 million barrels a day. I think it was a little more than investors.

If you look back to spring when the food riots broke out around the world you can see where the oil was taken from. Oil is food in the modern world.

[Arraya]

Bottom line: We were paying $4.50 per gallon due to nothing more than speculators and investors.

In late 2004 world oil production stalled @ around 86 million +/- 500K barrels a day until july-aug 08. During that time China/India increased consumption by around 8 million barrels a day. I think it was a little more than investors.

If you look back to spring when the food riots broke out around the world you can see where the oil was taken from. Oil is food in the modern world.

[Arraya]

Bottom line: We were paying $4.50 per gallon due to nothing more than speculators and investors.

In late 2004 world oil production stalled @ around 86 million +/- 500K barrels a day until july-aug 08. During that time China/India increased consumption by around 8 million barrels a day. I think it was a little more than investors.

If you look back to spring when the food riots broke out around the world you can see where the oil was taken from. Oil is food in the modern world.

[Arraya]

Bottom line: We were paying $4.50 per gallon due to nothing more than speculators and investors.

In late 2004 world oil production stalled @ around 86 million +/- 500K barrels a day until july-aug 08. During that time China/India increased consumption by around 8 million barrels a day. I think it was a little more than investors.

If you look back to spring when the food riots broke out around the world you can see where the oil was taken from. Oil is food in the modern world.

[Arraya]

Bottom line: We were paying $4.50 per gallon due to nothing more than speculators and investors.

In late 2004 world oil production stalled @ around 86 million +/- 500K barrels a day until july-aug 08. During that time China/India increased consumption by around 8 million barrels a day. I think it was a little more than investors.

If you look back to spring when the food riots broke out around the world you can see where the oil was taken from. Oil is food in the modern world.

[stockstradr]

If you want to brag about how great your picks are, go do it on MarketGuru

Believe it or not, I agree with your post. Even if the advice wasn’t intended for me, I’ll apply it to myself.

I’m going to post MUCH LESS on this web site about my trades. I have been thinking about that for weeks. This is the wrong place for such specific discussion about market trading strategies. It is kind of disrespectful to Rich because Rich IS the licensed expert, yet Rich’s employment in that industry prevents him from correcting any errors (in financial advice) that we may make on HIS website.

Besides if people actually do start taking our f’d up financial advice (that we post to this website) that might distract them away from what they should really do: hire a licensed professional like Rich for really great advice and money management.

So I am basically concluding I need to take these investment/speculation threads elsewhere. This just isn’t the appropriate web site for that. Even the charter of this website clearly states the focus is real estate.

And there is another reason I need to take those threads to a website that is instead filled with trading pro’s. Piggington.com has very few members who are sharp on the economy and investing; I’m estimating maybe three members on here (in addition to Rich) who have anything of value to teach me about economics and investing. However, there are MANY very smart members on here who are experts in many other fields, such as real estate, wine…etc. That’s why I’ll remain a participant of this Forum.

So far one forum (for hard-core threads on trading financial markets) I really like is Karl Denninger’s “The Market Ticker”

http://market-ticker.denninger.net/

There are some very sharp trading pro’s posting to the forum that is buried inside his website:

http://www.tickerforum.org/cgi-ticker/akcs-www?forum=Ticker

[stockstradr]

If you want to brag about how great your picks are, go do it on MarketGuru

Believe it or not, I agree with your post. Even if the advice wasn’t intended for me, I’ll apply it to myself.

I’m going to post MUCH LESS on this web site about my trades. I have been thinking about that for weeks. This is the wrong place for such specific discussion about market trading strategies. It is kind of disrespectful to Rich because Rich IS the licensed expert, yet Rich’s employment in that industry prevents him from correcting any errors (in financial advice) that we may make on HIS website.

Besides if people actually do start taking our f’d up financial advice (that we post to this website) that might distract them away from what they should really do: hire a licensed professional like Rich for really great advice and money management.

So I am basically concluding I need to take these investment/speculation threads elsewhere. This just isn’t the appropriate web site for that. Even the charter of this website clearly states the focus is real estate.

And there is another reason I need to take those threads to a website that is instead filled with trading pro’s. Piggington.com has very few members who are sharp on the economy and investing; I’m estimating maybe three members on here (in addition to Rich) who have anything of value to teach me about economics and investing. However, there are MANY very smart members on here who are experts in many other fields, such as real estate, wine…etc. That’s why I’ll remain a participant of this Forum.

So far one forum (for hard-core threads on trading financial markets) I really like is Karl Denninger’s “The Market Ticker”

http://market-ticker.denninger.net/

There are some very sharp trading pro’s posting to the forum that is buried inside his website:

http://www.tickerforum.org/cgi-ticker/akcs-www?forum=Ticker

[stockstradr]

If you want to brag about how great your picks are, go do it on MarketGuru

Believe it or not, I agree with your post. Even if the advice wasn’t intended for me, I’ll apply it to myself.

I’m going to post MUCH LESS on this web site about my trades. I have been thinking about that for weeks. This is the wrong place for such specific discussion about market trading strategies. It is kind of disrespectful to Rich because Rich IS the licensed expert, yet Rich’s employment in that industry prevents him from correcting any errors (in financial advice) that we may make on HIS website.

Besides if people actually do start taking our f’d up financial advice (that we post to this website) that might distract them away from what they should really do: hire a licensed professional like Rich for really great advice and money management.

So I am basically concluding I need to take these investment/speculation threads elsewhere. This just isn’t the appropriate web site for that. Even the charter of this website clearly states the focus is real estate.

And there is another reason I need to take those threads to a website that is instead filled with trading pro’s. Piggington.com has very few members who are sharp on the economy and investing; I’m estimating maybe three members on here (in addition to Rich) who have anything of value to teach me about economics and investing. However, there are MANY very smart members on here who are experts in many other fields, such as real estate, wine…etc. That’s why I’ll remain a participant of this Forum.

So far one forum (for hard-core threads on trading financial markets) I really like is Karl Denninger’s “The Market Ticker”

http://market-ticker.denninger.net/

There are some very sharp trading pro’s posting to the forum that is buried inside his website:

http://www.tickerforum.org/cgi-ticker/akcs-www?forum=Ticker

[stockstradr]

If you want to brag about how great your picks are, go do it on MarketGuru

Believe it or not, I agree with your post. Even if the advice wasn’t intended for me, I’ll apply it to myself.

I’m going to post MUCH LESS on this web site about my trades. I have been thinking about that for weeks. This is the wrong place for such specific discussion about market trading strategies. It is kind of disrespectful to Rich because Rich IS the licensed expert, yet Rich’s employment in that industry prevents him from correcting any errors (in financial advice) that we may make on HIS website.

Besides if people actually do start taking our f’d up financial advice (that we post to this website) that might distract them away from what they should really do: hire a licensed professional like Rich for really great advice and money management.

So I am basically concluding I need to take these investment/speculation threads elsewhere. This just isn’t the appropriate web site for that. Even the charter of this website clearly states the focus is real estate.

And there is another reason I need to take those threads to a website that is instead filled with trading pro’s. Piggington.com has very few members who are sharp on the economy and investing; I’m estimating maybe three members on here (in addition to Rich) who have anything of value to teach me about economics and investing. However, there are MANY very smart members on here who are experts in many other fields, such as real estate, wine…etc. That’s why I’ll remain a participant of this Forum.

So far one forum (for hard-core threads on trading financial markets) I really like is Karl Denninger’s “The Market Ticker”

http://market-ticker.denninger.net/

There are some very sharp trading pro’s posting to the forum that is buried inside his website:

http://www.tickerforum.org/cgi-ticker/akcs-www?forum=Ticker

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