President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports. [View news story]
President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports. [View news story]
The administration is counting on this happening, the rigs leave the US waters and drill under contract for a year or more. The drilling permits will be issued and guess what? No rigs available. The government is doing all it call to kill drilling without an outright ban. Drilling permits are like getting a gun permit in DC, what would take a month and cost $40 in Utah costs $500 or more in DC plus training, gun registration, ammo and several days off work. Just because you legally can, doesn't really mean you can.
President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports. [View news story]
Benzine has always been in gasoline. Benzine is a byproduct of charging crude oil as is butane, kerosene, Naptha, isobutane and gasoline. The hotter that crude is heated(charged) it separates into smaller hydrocarbons and every unit in a refinery is designed to remove every different type of fuel from crude oil. The lowest and last product is asphalt. The reason most old refineries have been moved to warm weather states is because it takes an enormous amount of energy to heat crude into refined product and a cold weather state works against the process at least 5 months a year. Now the EPA is punishing the oil companies even though they pay more in taxes than any other set of companies in the US economy, they are just an easy target because there is so much money involved.
President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports. [View news story]
Have you ever heard of the EPA? The EPA is forcing these older refineries to retrofit the gasoline units to reduce benzine in gasoline to 2015 standards when they were built to 1970 standards. It is not cost efficient to renovate one unit of a refinery to meet current standards when everything else is to 1970 standards. Who loses? The local gasoline buyer, gas has to be trucked in from somewhere, usually the Texas gulf coast.
President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports. [View news story]
But the jobs will be Americans and the taxes paid will be in America. Are you people clueless? Every barrel we produce in America is one less than we import.
Could you imagine the USA not having to support Saudi Arabia, Iran, or Venezuela?
NYSE trading volume that's hit a 10-year low could show that big money from pension funds and insurers still isn’t sold on stocks. So what’s fueling the rally? Company stock buybacks, Thomas Lee says - “for every $1 of equity inflows since 1990, there's been $3 of stock buybacks" - which he sees as a bullish trend. As returns on equities improve, Lee says, investors will start coming back. [View news story]
I get it.
herp derp
Def #1 - Something idiots say. Usually it is supposed to indicate stupidity in somebody else, but the person saying it is usually the dumb one.
Def #2 - A phrase said by idiotic morons who think they are cooler then they actually are.
NYSE trading volume that's hit a 10-year low could show that big money from pension funds and insurers still isn’t sold on stocks. So what’s fueling the rally? Company stock buybacks, Thomas Lee says - “for every $1 of equity inflows since 1990, there's been $3 of stock buybacks" - which he sees as a bullish trend. As returns on equities improve, Lee says, investors will start coming back. [View news story]
Derp? What an intellectual contribution to the debate. Now come on up out of your parents basement and eat dinner, it's almost your bedtime.
NYSE trading volume that's hit a 10-year low could show that big money from pension funds and insurers still isn’t sold on stocks. So what’s fueling the rally? Company stock buybacks, Thomas Lee says - “for every $1 of equity inflows since 1990, there's been $3 of stock buybacks" - which he sees as a bullish trend. As returns on equities improve, Lee says, investors will start coming back. [View news story]
I agree investors will start coming back, right after the 2012 elections when Obama and his Keynesian economic policies are history. President Romney and the Republican House and Senate will undo all the damage that these socialists have caused. What do you call politicians who know the country is on the brink of economic disaster and do nothing to save it and can they be prosecuted for their ineptitude?
Coal stocks (KOL +1.4%) trade higher, helped in part by excitement stirred up by chatter tipping off that Warren Buffett is kicking the tires of several names in the sector. Leading the charge: BTU +5.5%, PCX +10.1%, ANR +6.3%, JRCC +4.1%, WLT +2.6%. [View news story]
That is a great way to get out from under a large holding of under performing assets, start a rumor Icahn or Buffett is checking the company out. Wait a week, then sell it all. Classic pump and dump. I've had CNX and BTU on my watchlist and was one bad market day from jumping deeper into CNX. I guess I'll wait for the 8% pullback I'm expecting.
Some of Wall Street's largest portfolio managers are saying the bond market is at a turning point, and facing the end of one of the longest bull runs in its history. Why? Inflation. An improving jobs market, stronger dollar and rising commodity prices are adding to pricing pressures on everyday goods. As a result, the Fed could be forced to raise interest rates sooner than expected to keep inflation in check. [View news story]
I don't know where you live but food prices in the midwest USA are going through the roof and gas prices are not going down anytime in the next 6 months. Unless Obama's adviser says so. http://bit.ly/xKrCBp
Some of Wall Street's largest portfolio managers are saying the bond market is at a turning point, and facing the end of one of the longest bull runs in its history. Why? Inflation. An improving jobs market, stronger dollar and rising commodity prices are adding to pricing pressures on everyday goods. As a result, the Fed could be forced to raise interest rates sooner than expected to keep inflation in check. [View news story]
They won't raise rates Big Ben says there is no inflation, but we know better. Local grocery prices are up 20% add on another 2% to cover fuel costs. They are lying to the American public, every action has a reaction.
Matt Taibbi serves up his newest can of vitriol for "too crooked to fail" Bank of America (BAC), "not bankers or capitalists, but a class of person that was never supposed to exist in America: royalty." BofA has defrauded everyone from investors and insurers to homeowners and the unemployed, Taibbi alleges, so why does the government keep bailing it out? [View news story]
Obama's desperation is showing, taking money from evil super-pacs and spending taxpayer money to attend 100+ fundraisers.
When will Obama state his 100% backing for gay marriage? When rich liberal donors cut his funds off? No, that would cut him off from conservative Democrats. The way he is losing Independent voters support, he can't afford to lose any Democrat support. Anyway the wind blows is his new domestic policy.
Matt Taibbi serves up his newest can of vitriol for "too crooked to fail" Bank of America (BAC), "not bankers or capitalists, but a class of person that was never supposed to exist in America: royalty." BofA has defrauded everyone from investors and insurers to homeowners and the unemployed, Taibbi alleges, so why does the government keep bailing it out? [View news story]
What is more telling about Goldman and BAC is that they protest these stories too little. If these were lies their pitbulls (lawyers) would be ripping the snitches to shreds. There will be more stories like this in the future.
Following Greg Smith's op-ed heard round the world, Jim Cramer says he's no longer able to defend ex-employer Goldman Sachs (GS). There are now far too many stories of Goldman taking advantage of clients in derivatives trades, says Cramer, to believe the company's claims of innocence. "Too many clients have lost money. Too many stories have come out. They are not a vast conspiracy" [View news story]
"Bringing a knife to a gunfight," is how oil trading veteran Mark Fisher described last summer's SPR release (combined with 27 other nations). The news momentarily knocked oil down to near $90/barrel. Today, $105. [View news story]
Watch me pull a rabbit out of my hat...................... don't really watch, just believe me when I tell where it came from. Obama is absolutely lost and doesn't have a clue which way to turn. Schumer wants the Saudi's to drill there and drill now.
President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports. [View news story]
President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports. [View news story]
President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports. [View news story]
President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports. [View news story]
President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports. [View news story]
Could you imagine the USA not having to support Saudi Arabia, Iran, or Venezuela?
NYSE trading volume that's hit a 10-year low could show that big money from pension funds and insurers still isn’t sold on stocks. So what’s fueling the rally? Company stock buybacks, Thomas Lee says - “for every $1 of equity inflows since 1990, there's been $3 of stock buybacks" - which he sees as a bullish trend. As returns on equities improve, Lee says, investors will start coming back. [View news story]
herp derp
Def #1 - Something idiots say. Usually it is supposed to indicate stupidity in somebody else, but the person saying it is usually the dumb one.
Def #2 - A phrase said by idiotic morons who think they are cooler then they actually are.
NYSE trading volume that's hit a 10-year low could show that big money from pension funds and insurers still isn’t sold on stocks. So what’s fueling the rally? Company stock buybacks, Thomas Lee says - “for every $1 of equity inflows since 1990, there's been $3 of stock buybacks" - which he sees as a bullish trend. As returns on equities improve, Lee says, investors will start coming back. [View news story]
NYSE trading volume that's hit a 10-year low could show that big money from pension funds and insurers still isn’t sold on stocks. So what’s fueling the rally? Company stock buybacks, Thomas Lee says - “for every $1 of equity inflows since 1990, there's been $3 of stock buybacks" - which he sees as a bullish trend. As returns on equities improve, Lee says, investors will start coming back. [View news story]
http://bit.ly/AcgEzk
Coal stocks (KOL +1.4%) trade higher, helped in part by excitement stirred up by chatter tipping off that Warren Buffett is kicking the tires of several names in the sector. Leading the charge: BTU +5.5%, PCX +10.1%, ANR +6.3%, JRCC +4.1%, WLT +2.6%. [View news story]
Some of Wall Street's largest portfolio managers are saying the bond market is at a turning point, and facing the end of one of the longest bull runs in its history. Why? Inflation. An improving jobs market, stronger dollar and rising commodity prices are adding to pricing pressures on everyday goods. As a result, the Fed could be forced to raise interest rates sooner than expected to keep inflation in check. [View news story]
http://bit.ly/xKrCBp
Some of Wall Street's largest portfolio managers are saying the bond market is at a turning point, and facing the end of one of the longest bull runs in its history. Why? Inflation. An improving jobs market, stronger dollar and rising commodity prices are adding to pricing pressures on everyday goods. As a result, the Fed could be forced to raise interest rates sooner than expected to keep inflation in check. [View news story]
Matt Taibbi serves up his newest can of vitriol for "too crooked to fail" Bank of America (BAC), "not bankers or capitalists, but a class of person that was never supposed to exist in America: royalty." BofA has defrauded everyone from investors and insurers to homeowners and the unemployed, Taibbi alleges, so why does the government keep bailing it out? [View news story]
When will Obama state his 100% backing for gay marriage? When rich liberal donors cut his funds off? No, that would cut him off from conservative Democrats. The way he is losing Independent voters support, he can't afford to lose any Democrat support. Anyway the wind blows is his new domestic policy.
Matt Taibbi serves up his newest can of vitriol for "too crooked to fail" Bank of America (BAC), "not bankers or capitalists, but a class of person that was never supposed to exist in America: royalty." BofA has defrauded everyone from investors and insurers to homeowners and the unemployed, Taibbi alleges, so why does the government keep bailing it out? [View news story]
Following Greg Smith's op-ed heard round the world, Jim Cramer says he's no longer able to defend ex-employer Goldman Sachs (GS). There are now far too many stories of Goldman taking advantage of clients in derivatives trades, says Cramer, to believe the company's claims of innocence. "Too many clients have lost money. Too many stories have come out. They are not a vast conspiracy" [View news story]
"Bringing a knife to a gunfight," is how oil trading veteran Mark Fisher described last summer's SPR release (combined with 27 other nations). The news momentarily knocked oil down to near $90/barrel. Today, $105. [View news story]
Obama is absolutely lost and doesn't have a clue which way to turn. Schumer wants the Saudi's to drill there and drill now.
Let's try drill here, drill now.