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Here are a couple of interesting reads that I found this last weekend: http://www.inforum.com/news/3646977-oil-price-drop-expected-hurt-fringe-areas-bakken-most Note this paragraph: For already active wells to slow down or stop production, oil would have to drop all the way to $15 a barrel at...

I ran a check on him. His twitter account says he's Elijah J. Magnier. He's the Chief International Correspondent for Al Rai, a daily newspaper in Kuwait. His tweet, in English, was based on a tweet in Arabic. Looks like he jumped the gun. I think the only proper thing to do at this point...

Data not incomplete? LOL! Figure 1. http://data.nodc.noaa.gov/woa/PUBLICATIONS/grlheat12.pdf This is the paper that the graph is derived from. 2000M coverage is even worse than 700M coverage. The zero line is based an average of 1971-2000 data. But I've already given you a link showing...

That answer is incorrect. I know the correct answer and here's the funny thing - the answer's not found in the scientific paper where that diagram came from; the authors did not define the zero line in their paper. It was sloppy on their part. Even sloppier is the fact that the 'data...

I'm in synch with your thinking on the oil glut. I've spent the weekend researching both the supply/demand imbalance and the internal dynamics of the House of Saud. I've been monitoring King Abdullah's health since he was admitted to the hospital with pneumonia. Here's an Arab journalist's...

LOL! Interesting graph. Tell me, why does the ocean had NEGATIVE heat content prior to 1980?

Ogarbitrage, rumors floating out there that Saudi King Abdullah's on his deathbed and Crown Prince Salman will be taking an oath within a few hours. Opinion on what that means for oil prices?

Have you looked for a different brokerage? I sold 50 out of the money naked calls on USO (was going to go with a bear call spread, but don't see a need to buy protective calls yet) for a total of $21.07 in commissions. There are brokerages out there that offer low commissions on options; you...

This isn't 2007 or 2008. The 'game' changed in 2009 with aggressive Fed intervention. Max correction since 2009 has been ~20%. I think the Fed is going to intervene in capital markets once the markets drop by ~5%. They're not going to allow the markets to crash - those days are gone at least...

I can't believe anyone would think this is a good idea.

Basic junk science. Link, please. If you or anyone else think that they can describe an extremely complex system by simply stating that CO2 is warming everything, you're delusional. There is a whole lot more to the earth warming and cooling than one trace gas. I'm of the opinion that the...

You're pulling numbers out of your posterior. Farenheit or Celcius? ... or Kelvin? (LOL) How much of an insulative effect do attribute to water vapor? How about a scientific paper to back up your claim? I find 'the ocean's trapped the heat' to be humorous. How do your precious AGW...

I find solace in the fact that more and more of the public is catching on to the AGW scam. These same idiots will be rambling about AGC (anthropogenic global cooling) by the end of Solar Cycle 26 as we approach another Grand Solar Minimum. Let's hope it similar to the Dalton Minimum and not...

I spent a couple of years in the military working in the weather field. I'm fully aware of urban heat islands. The problem with the adjustments is that the oldest years' data were adjusted downward and the newest years' data has the temperature adjusted upward. The urban heat island effect...

That's 'all in' cost. You're including sunk costs of acquiring drilling rights, drilling, etc. The marginal cost of production is a larger determinant of whether or not oil shale wells get shut in. I've seen articles stating that the marginal costs are around $20/bbl, +/- $5. I've also read...

The problem is that this has been tried for more than 20 years. There are only so many times that one can yell 'fire' in a crowded theater before most of the audience stops listening. We're past that point. There are problems on both sides of the AGW argument, but the catastrophic predictions...

Years? Wow! OK, need to rethink my strategy. I've seen others recommend FRO on other boards.

Fascinating thread. Ogarbitrage, how are you playing this move in crude? Until today, my rudimentary plan was to wait until oil dropped and then started to move toward backwardation before buying a few speculative long oil futures contracts. I'm now looking at possible lower risk/return...

This is why: http://www.ritholtz.com/blog/2010/06/piis-country-ex-g-yields-lower-thx-to-portugal/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29 PIIS country (ex G) yields lower thx to Portugal By Peter Boockvar - June 9th, 2010, 8:25AM...

WentFishing, nice trades. Did you see the CHF intervention and trade based on that? It appeared to me that we had intervention from not only SNB but also the Fed. That was an even weaker short squeeze than I estimated. Check out a EURCHF chart; it very clearly shows SNB intervention. Here's...