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Austrians confuse the credit cycle with the industrial cycle, which is easy to do since they have become so inter-related. Nevertheless, such conflating is then also to confuse the creation of new value in the direct processes of production (the basis for economic profit and growth) with a...

Yes. We are asking that, through fx, they restrict exports while making imports from the U.S. relatively less expensive,,,and that they do this even in the face of the need to create hundreds of millions of new jobs. Requesting a nation which must grow or die constrain itself is hardly...

limitdown - apparent that you want to blame the oilcos for this price runup, and I've little doubt that they mind it, but taking advantage of a spec driven situation and creating that situation are not necessarily identical. sure enough, from Ida Tarbell on, its been convenient to blame 'Big...

not having read all the comments, this might have already been mentioned - There Is A Commodity Price Bubble, Oil Included. real economy fundamentals have not been such to justify anything close to the type of price runup. sure, there's the 'China story' but this story almost always fails...

Is this surfer THE surf, i.e. the Chicago surf w/his black box full of shifting algos?

answer 1. - yes, but with TA not fundamentals. answer 2. - try mineral management service, something like 28 percent of GOM production remains shut.

haven't read the bloomberg art. but Oil Trader is correct, utilization of US refinery capacity dropped to (a very low) 74.9 in early Oct, but has since recovered to around 90.0 (still fairly low). much of the damaged capacity has been brought back online, and it's my understanding that a...

'experienced oil speculators' - know that production/supply/demand fundamentals operate over a longer term than speculation in the derivatives, and, as well as possible, take the lags into account. - inexperienced oil traders ignore - or are ignorant of - this, imagining the...

to speak of light vs heavy as though there are not dozens of single grades, still more blends and without taking refinery upgrades - greater throughput (distinct from capacity) - is meaningless. failure to take industry history into account also creates problems, since other than during its...

I've not posted for months, busy, but on a fundamental basis: - global production running ahead of weakening demand for both crude and distillates; contrary to the confused IEA report, ytd China demand growth very much (more than 50%) below same period last year so a gradual splintering of...