sell! sell! sell!

[Dawoofdaddy]

Oil is a demand driven commodity, so when the avg joes in places like India, China & Viet Nam trade their bicycles for autos, it isnt going to matter how much tar sand oil is available....the price is going higher.

If the world is really running out of oil, then the price ceiling really has no limit until substitutes are discovered and implemented.

Thus, there will be an oil price level, that decreases the # of Americans driving cars to offset the new demand coming from Asia.

It really disgusts me to see our govt building these huge interstate roadways when its more or less obvious in the coming decades traffic on the roads will decrease...especially trucks hauling freight.

Another side to this argument, but notwithstanding equally important, if the planet is really warming, oil usage will have to be decreased, no matter its price, or we will all be living atop Mt. Everest to remain above water.

 

[tiznow]

we got plenty of oil one way or the other no matter what is going on

just comes down to economics

oil sands and tar sands is now becoming economical due to the current high prices

if china, india, etc fall on their face and we fall into a global recession we won't be talking about this anymore

they started investigating the tar sands hard core in utah during the last oil spike but that soon fell on its face once things settled back down

 

[Dawoofdaddy]

ive been to china several times since 2005 and i can tell you their energy usage per person is basically zero compared to here in us.

if you dont factor their power usage to fuel factories (mostly producing goods used and sold OUTSIDE china), their energy consumption falls dramatically.

also that energy usage should be added to us consumption.

i could be mistaken since china today is alot different than china even as soon ago as 2005, but approximately 2% of chinese own an automobile and the average family lives in an apt less than 400 sq ft.

they dont have closets filled with clothes, they dont own lawnmowers, they dont have stacks of unused kitchen ware, and they dont have attics, basements, and basements filled with junk.

however, and unfortunately for people whos lifestyle is dependent upon cheap energy, more sooner than later, alot of them will have these things, and thus energy costs are heading higher.

 

[Brooklynbomber]

DAW - I think you are right. HUGE demand coming on line....and all the major fields are in decline, and the tar fields are EXPENSIVE, and getting worse by the day

btw I know alot of you guys are daytraders...mucho props. did it myself for a minute but got burnt out. Alot of things I'd be shorting right now too.....almost shorted GLD @ the equivolent of $844 spot but chickened out.

I wise man once said all one has to do is make maybe three investment decisions his whole life to be wealthy....just walk down there and **** em all

 

[Dawoofdaddy]

add garages to list of things chinese dont have but millions eventually will have.

jdog, I agree that a person can get rich just by being in right sector at right time and not catching all, but just most of the major bull market move to make enough money to retire.

Im cashing out when gold an silver goes through the roof and makes the cover of time magazine.

Will be seeing you along the Argentina coastline to sip mai tais and laugh about people that actually believed the emperor was wearing invisible clothes and peak oil was a scam.

In case you arrive there before I do, here are a few of my favorite mai tai recipes.

http://www.kevdo.com/maitai/


The Original Formula - 1944

• 2 ounces of 17-year old J. Wray & Nephew Rum over shaved ice.
• Add juice from one fresh lime.
• 1/2 ounce Holland DeKuyper Orange Curacao.
• 1/4 ounce Trader Vic's Rock Candy Syrup.
• 1/2 ounce French Garier Orgeat Syrup
• Shake vigorously.
• Add a sprig of fresh mint

----

Tiki Tracy

• Juice of 1 lime
• 1/2 oz. Orange Curacao
• 1/2 oz Orgeat Syrup
• 1/2 oz Simple Syrup
• 1/4 oz. Maraschino Syrup
• 1/4 oz. Pineapple Juice
• 1 oz. Mount Gay Rum
• 1 oz. Appleton's Rum
• Stir vigorously in crushed ice, strain into your favorite Mai Tai tumbler filled with crushed ice
• Garnish with a fresh pineapple spear

:drink:

 

[djmatt]

I was asking around about alternative investments other then a bank... I was also throwing around the inflation scenario.. from some of my reading I came upon Treasury-Inflation Protected Securities..

anyone have any experience with these? yay or nayf

 

[SteamDaddy]

Looks like all those kooky gold investers and those stating the demise of US dollar have just been shot down. You guys need to look at the robust economy and US strong dollar policy hola


US dollar will get stronger: Bush

US President George W. Bush predicted in an interview Tuesday that the battered US dollar will get stronger because the US economy is robust.


"If people would look at the strength of our economy, they'd realize why, you know, I believe that the dollar will be stronger," Bush told the fledgling Fox Business Network.

"We have a strong dollar policy, and it's important for the world to know that. We also believe it's important for the market to set the value of the dollar relative to other currencies," the president said.
Bush cited low US inflation figures, modest interest rates, job growth, and gross domestic product growth and declared "the underpinnings are strong."

http://www.breitbart.com/article.php?id=071113234035.gxkistsc&show_article=1

 

[cussin'it]

Bull/
Bear tug o war going on so far today. No momentum either way so far

 

[Dawoofdaddy]

bush, washington dc, and wall street, can say what they want and need to say, gold is now in strong hands and its going to run its course while around golds strength, all the fiat currencies will become weaker.

the real kooky investors nowadays are the ones that dont believe gold and other commodities are going higher and that the dollar weakness is good for americans and the overall american economy.

 

[Willie99]

We know y'all have a secret source for economic data, and you don't believe the economic data the government provides. After all, the press in America loves W and are willing participates in his Worldwide Web if Deception.

Of course, if the primary sources of economic data say something you like, which means they say something bad, then that stuff is accurate.

Must be that flip flop gene. Maybe it's a virus.

Whatever it is, I hope I never catch it.

Woofy, I wasn't responding to you here.

 

[Dawoofdaddy]

willie, do you or anyone else here ever think that any us president or his advisors would ever publicly say they are deliberately devaluing the us dollar?

if yes, why?

 

[Willie99]

willie, do you or anyone else here ever think that any us president or his advisors would ever publicly say they are deliberately devaluing the us dollar?

if yes, why?

No, because it would be political suicide. Much like suggesting we need to reform social security. The public would never understand the issues and they would be murdered in the media. At least a Republican president would be. If Clinton devalued the dollar, the press might actually try to explain the strategy.

I'm also don't think it would be wise to admit your devaluing the dollar to your trading partners. Nothing good can come from that.

But by reading the words and concerns of G8 leaders, it's not difficult to determine that they believe this administration is intentionally devaluing the dollar.

 

[Dawoofdaddy]

I suppose it could be debated whether or not they are deliberately debasing the usd, but this strong dollar policy talk is absolutely bs.

Personally, I agree the usd debasement is being done via a conscious govt/fed policy.

 

[tiznow]

No, because it would be political suicide. Much like suggesting we need to reform social security. The public would never understand the issues and they would be murdered in the media. At least a Republican president would be. If Clinton devalued the dollar, the press might actually try to explain the strategy.

I'm also don't think it would be wise to admit your devaluing the dollar to your trading partners. Nothing good can come from that.

But by reading the words and concerns of G8 leaders, it's not difficult to determine that they believe this administration is intentionally devaluing the dollar.

ron paul biatches artyolitical suicide for most i guess

 

[tiznow]

comeon bully one day of major party time and you done?

you gotta have more than that in ya

 

[Willie99]

1 day?

were you "hibernating" for the last 6 -7 years?

actually, the last 25 -30 years would be more accurate

Tiz must be venting a lot of built up steam :thumbsup:

 

[tiznow]

i just like taunting bulls that's all willie

and i'm talking about now, think this is start of new bear market

we'll see what the next year or so brings

 

[Willie99]

"bring it on" Tiz

just like you donate to Paul to help your cause, I'm going to buy a 50 HD LCD TV to help my cause, the American economy.

Just thought of something, I gotta but an American one. Well, that makes it an easier decision.

 

[tiznow]

my cause? the current market conditions and being bearish have nothing to do with ron paul

although as DAW has pointed out it falling can only help ron paul...

the mess we possibly face was created in the past....

 

[VaultedTreehouse]

I suppose it could be debated whether or not they are deliberately debasing the usd, but this strong dollar policy talk is absolutely bs.

Personally, I agree the usd debasement is being done via a conscious govt/fed policy.

It would be better if they were intentionally doing it, b/c they could turn it around. But spending is going nowhere but up while other contries are tightening and we are cutting. That 2 day dollar rally was basically completely gone by this morning. Its come back a little but it shows to me that in the near term we are going nothing but lower on the dollar....