TOP TEN Mortals from the bot cyber world that know what they are talking about;
1- This guy is a fracking genius. Hey, let me make a prediction here for you guys. There's high unemployment that is going higher. Lemme think. That would mean more people out of work. That would mean less money to buy stuff. That would mean less travel to and fro. That would mean anything retail sale oriented would be down. Hey, that would mean oil should go down!!!!!! How do I get on Tech Ticker? Oh, wait, I am!!!!!! I'm a fracking genius like the rest of these guys!!!!! Want more stock tips, go to www.imafrackinggenius.com. There's a $15.95 one time fee and a $1.99 usage fee and a $5.99 intellectual property fee every time you read my genius and there is a $5.99 download fee and a $259.99 upload fee and a $7.99 maintenance fee, but it's all good because I will provide you the same advice the pros give you at a fraction of the cost.
2- Industrial production has imploded while the money supply has exploded. Financiers have turned business models upside down across the real economy with their confidence games. Fair warning....Creating money and rigging the financial markets while putting people out of business and workers out of their jobs will only lead to catastrophe.
3- Just wait, once the oil companies are in such bad shape that they lay off tens of thousands, spot fuel shortages will develop and the word BANKRUPTCY will be whispered about 1 or more of the oil companies, the Obama Administration will do the same thing as they did with the car companies. If Cap and Tax, Healthcare "Reform" and other big government "Green" programs succeed in crippling the economy, the odds of that happening would be better than 50-50. The oil industry in the late 90s was not in good shape then, but the rising stock market blunted its effect and kept things from getting really bad in the oil industry.
4- Do your own math. http://en.wikipedia.org/wiki/Oil_reserves
5- We are going into a financial,.."Armageddon"...Do I Need to Say Anything Else..?????
6- I am so tired of these self-proclaimed oil experts talking about the record "Supplies" of oil on the world markets. What they should report is that Inventories (not supply) are at 25 year highs....Supplies are proven reserves in the ground, and a completely different animal. Inventories are at 25 year highs for a simple reason...oil companies are making a very nice profit by storing oil right now. It has absolutely nothing to do with demand fluctuations. The spread between the front month oil contracts and those of future months (i.e. contango) are relatively high. If you are able to store oil in tanks or on tankers, it is a guaranteed profit by selling the future month contracts and just holding onto the oil. Combine that with the plunge in lease rates for oil tankers since last year, and the profit margin is even higher. Right now, you would be stupid not to fill every tank, tanker, or any other storage device you could get your hands on. That is the simple reason why inventories are high right now. Inventories will start to come down once the spread tightens and tanker rates move higher. I'd would love to see a real expert in oil explain this fact ot these talking head idiots sometime.
7- Lets see .. when oil was skyrocketing in price, these groups were reporting profit levels that shocked everyone. If the crack spread is the difference between crude and refined products, then how can you explain their making HUGE profits when oil jumped to $130+ a barrel? We all know gasoline costs went way up. If the crack spread was the same than as now, they should have made similar profit levels. So where did they earn all that extra profit??? Oh, on their oil / crude operations. They were selling the product to themselves at $130 despite having a cost per barrel to produce from their own damn fields in the $20-$30 range. And they passed that huge profit margin on to the consumer in gasoline costs stating the price of oil is higher. In essence that gouged the consumers for hundreds of billions of dollars. They joined in the bidding frenzy for middle east oil bidding up the cost, as it also boosted the money they could book for their own damn product! They scammed everyone, hiding behind the bid process for OPEC oil, boosting the margin on oil produced in the US to unimaginged levels. This is all just more proof that the oil companies have screwed the consumer, and laws need to be put in place to regulate their pricing.
8- Green energy--THE BIG LIE. The way to wealth is not believing it. The USA and the world will be dependent on OIL for decades to come. BUY oil stocks NOW, or live the poor life.
9- ohhh bull! so their profit margins are just about down to pre bush ddays
10- Obama sucks
NO OIL DISTRIBUTION, NO EAT, STARVE STARVE STARVE, BUT LOTS FOR MAKING WAR WAR WAR
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