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The trick here will be to put enough people to work to make up for all the folks who will lose their jobs in the industries which will cease to exist in the world of over the top energy costs. We need to get there for sure. The 64 cent question is whether our political elite are honest...

It is worth going on a bit here, because I think people (even the well informed folks here) don't get it. My older brother worked for years doing construction / engineering management for a company that built nuclear power plants. When that work started to dry up in the 80's, the company...

Hmmm - No one's announcing their short positions yet. I believe oil is over done here but have no desire to jump on this bandwagon given hurricane season and all the sabre rattling going on with respect to Iran. Nymex contracts may not be an accurate proxy for oil markets any more, but...

Thanks for your honesty and perspective. Your points are well made and I believe pretty much on the money. This is "political season" and W has turned me into a Bush hater. Very clearly, free trade and the globalization of capital has lead to development which places an upward bias on...

Anwar drilling has been on the Republican agenda for a long time. In an early form, it was proposed that essentially Alaskan oil would be sold to Japan in exchange for an increased allotment of middle eastern oil delivered to US east coast in Japanese hulls. It couldn't pass muster primarily for...

You tell a good story and raise valid concerns. The phrase which comes to mind is, "If you can't spot the chump in the deal you're it." Todays sub prime crisis is a perfect example. An virtuous circle of easy money and easy profits driven by a need to compete and reinforced by a not so...

Fiscal responsibility is a hard sell inside the beltway. It was a shame Perot dropped out of his own campaign for President some years back. I think Perot had too many skeletons in his own closet that wouldnt play well to voters. A couple weeks before Perot dropped out, the WSJ ran an...

I've been mumbling this under my breath for the last 6 years. Hoping I was wrong :( While I never voted for GW, I can understand first term supporters. Doubling down is questionable in black jack. It's a poor choice for trading. It appears an equally poor political stratedgy. It's...

The full text (pdf) of the staff report referenced above be found at the following URL: http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=109_cong_senate_committee_prints&docid=f:28640.pdf

During the second oil shock of the 1970's the rap was that oil would be $100 / bbl in under 2 years. That prediction failed because no one correctly estimated the consumers ability to alter behavior. Consumers cut back. The economy slowed down for a time. The US auto industry permanently lost...

James - Help me understand the above comment? The premise being trotted out in is that "index" speculation has skewed price discovery mechanisms in oil markets. My limited understanding is that pricing is typically quoted against a number of commonly accepted "benchmarks" (WTI, Brent, Dubai)...

Fib levels seem to do a decent job of identifying make or break support & resistance in wavy markets. TA is subjective and so results are hard to "prove". The need for rigid rules vs subjective decision making is a function of where you are at as a trader. Fair disclosure - I'm not a full...

There are a lot of deals on laptops as manufactures are in upgrade mode and want to move aging inventory. Down turn in corporate tech spending also helps here. I just bought a wireless set up for roaming as follows: HP Pavillion dv 9700 - 3 GB ram - 250 GB HD - AMD dual core - Vista Home (32...

Soros applies rigid logic to the idea of processes which are transacted by "thinking participants". The crux is that our opinions evolve from observation (imperfect knowledge) which in turn influences our actions. Collectively these actions (group market behavior) alter participant...

Iran wins the propaganda war no matter what happens at least in Round 1. Russia's (and China's) interests suggest a veto of any measures which might have teeth. Iran has had a long history of interest things nuclear. Has anyone wondered why this is suddenly such a surprise or threat...