Oil Shale

Daily Reckoning Articles on Oil

10/06/2005 - An Oil Boom - Without The Oil
by Byron King "I cannot speak for the Almighty, but I believe that this boom has more to do with the monetary expansion of Mr. Alan Greenspan, and the predictions of a fellow named Dr. M. King Hubbert, than with the Big Guy upstairs."
10/05/2005 - In The Aftermath, Part I
by Justice Litle "The assessment of the situation is a little less pessimistic. It looks like damaged ports and refineries may be brought back on line faster than feared, and worst-case scenarios may yet be avoided."
09/19/2005 - The Economic Trail of Tears
by Mogambo Guru "Staying in the putrid, stinking area known as "the banks," they suddenly bought up, in the same short week, $28 billion in other securities, whatever the hell that means."
09/15/2005 - To Pause, or Not to Pause
by John Mauldin "There are more and more calls for the Fed to pause in September. Clearly the markets are expecting them to do so, and this has given a boost to the stock market."
09/12/2005 - Gold, How Undervalued Art Thou
by The Mogambo Guru "From the IMF website, we read that one of their 'principles' is, 'As an undervalued asset held by the IMF, gold provides fundamental strength to its balance sheet. Any mobilization of IMF gold should avoid weakening its overall financial position.'"
07/27/2005 - Red Storm Rising
by Kevin Kerr "Energy price hikes are a major problem for the Baltic states - which could mean trouble for American investors as well. Kevin Kerr gives us the whole story…"
07/05/2005 - The Ultimate Chess Game
by Bill Bonner "Legendary chess player, Gary Kasparov, has a new opponent: Vladimir Putin. Kevin Kerr looks at Kasparov's uphill battle against fascism through the eyes of the Russian press…"
06/30/2005 - Oil is Where You Find It
by Byron King "In the present, just as in the past, oil is exactly where you find it. And that's we are going to discuss the Maritime provinces of eastern Canada, where the St. Lawrence River spills out into its eponymous gulf."
04/14/2005 - A Surprising Solution
by John Mauldin "World oil demand is currently surging far higher than normal rates…and nobody knows how high oil prices will go. What does this mean for the U.S. economy?"
04/07/2005 - The Energy Revolution Intensifies
by Dan Denning "This latest rise in energy prices will have at least three distinct impacts. First, the stock market will see new leadership from the oil and energy sector. Oil and energy indexes and ETFs will gain in popularity with institutional and retail investors alike."
04/01/2005 - Vandals of the Internet
by Bill Bonner "It seems as though media is taking over the world. But how far does a barrage of headlines get us? We've seen what became of the New Era. Whither, then, the Information Age?"
03/16/2005 - Fueling Economic Growth
by Lord Rees-Moog "With the price of oil heading up rapidly, the only logical step would be to consider other sources of power… and in China and Japan they have been developing two new technologies that could change the world…"
03/15/2005 - Barrels of Oil, Miles of Mud
by Byron King "The evidence was right there. On its first day of operation, Aug. 27, 1859, Edwin Drake's well in the small town of Titusville, Pennsylvania, had produced all of 25 barrels of oil from the depths of the earth…"
03/09/2005 - The Dragon is Ravenous
by Justice Litle "While food is necessary for survival, energy is necessary for growth…and no country is growing at a faster clip than China. Their demand for energy increases everyday, and we explore their strategies to ensure energy security."
02/25/2005 - Literary Economics
by Bill Bonner "Bill Bonner examines the differences in the America's economic structure since the last decade of the 20th century. He points out that the world very rarely does what we want it to do, and more often it does exactly the opposite."
02/18/2005 - Tabloid Truths
by Bill Bonner "We went over to our new club last night. Not that the place is new - it was founded hundreds of years ago. But we are new to it. A marvelous old gentlemen's club, it is the sort of place that we like; the sort of place that wouldn't normally let us in the door."
02/17/2005 - The Nation That Debt Built
by Bill Bonner "America has become a country of risk-takers - and it's not solely homeowners and investors taking these chances…"trusted" government officials have made promises they can't - and never intended to - keep…"
02/15/2005 - Saving Spree
by Bill Bonner "Everyone involved in the financial world has been speculating on what is in store for the New Year…will the dollar rally vs. the euro? And when will the housing bubble burst?"
12/08/2004 - Luck Be a Trader…
by Nassim Nicholas Taleb "A few years ago, when I told a then Master-of-the-Universe type, that track records were less relevant than he thought, he found the remark so offensive that he violently flung his cigarette lighter in my direction."
11/05/2004 - The American Brain
by Bill Bonner "People go along with whatever hooey is popular. Not only do they go along with it - they go out of their way to take part in it. The front page of almost all the newspapers in Europe this week carried photos of long lines…"
11/01/2004 - Who's Paying for the Free Lunch?
by The Mogambo Guru "The competition for that money would have caused interest rates to rise because the old supply/demand rule says that increased demand should cause prices (in this case, the price of money) to go up…"
10/06/2004 - A Flash In The Pan?
by Chuck Butler "It is time for this community to recognize who they are collectively, and then to begin the long march to the ultimate great leap forward - a single currency to shepherd the economic zone into a dominant role…"
10/01/2004 - Good Guys VS Bad Guys
by Bill Bonner "More and more, we see columnists, pundits, military strategists, politicians and even friends of ours refer to America's purported enemies as "the bad guys." No one knows who the bad guys actually are or why they are so bad…"
09/30/2004 - Through The Roof And To The Moon
by Doug Casey "That's the good news. The bad news is that something called the business cycle still exists, which evidences itself in periodic booms and busts. We've had a tremendous boom from 1982 on. Must it result in a serious bust?…"
09/29/2004 - White Elephant
by Chris Mayer "How did Forepaugh do it? Easy. He faked it. His animal trainers and handlers scrubbed an ordinary gray elephant with white plaster and used peach-colored tint around the animal's ears, trunk and feet…"
09/27/2004 - Remarkably Robust
by The Mogambo Guru "And furthermore, I am afraid that this 20-something woman, despite her obvious genius, confuses the anomaly of the last 54 years with the last 5, 000 years. And when one examines that historical record…"
09/24/2004 - Frugal To A Fault
by Bill Bonner "But never was there a problem under the bright sun of America 2004 that didn't have some sort of fraud creeping in the shadows of its debt bubble. Reading about Ms. Naughton, economists are likely to see a threat…"
09/22/2004 - Contrarian Lethargy
by Marc Faber "…Like in a casino or lottery, some players who are particularly skilful or lucky will leave with huge profits, while the majority will end up with losses. I suppose that, eventually, even the casino will lose money…"
09/05/2004 - A Tale Of Two Bosses
by Nassim Nicholas Taleb "My opinions about randomness have not earned me the smoothest of relations with some of my peers during my Wall Street career. But where I had uneven relations was with some of those who had the misfortune…"
09/02/2004 - Crackup Currency
by Dan Denning "The Bank of England (BOE) was one of the first central banks in the world to begin its tightening cycle and put the brakes on the tide of easy money that drove everything up in price in 2003…"
08/31/2004 - The Other Yellow Metal
by Doug Casey "Over the next decade or two, energy prices are going to reach shocking levels, and the price of uranium, inextricably tied to energy, is headed up as well."
08/30/2004 - This Inflation Thing
by The Mogambo Guru "Anyway, ignoring these unseemly domestic problems, foreigners bought another $9.3 billion for the week, which is higher than normal by quite some way, and stashed it at the Fed. This brings their total holdings…"
08/23/2004 - A Big Ol' Dumpola
by The Mogambo Guru "And now I probably have to listen to another witless lecture about how Alan Greenspan and the Fed are NOT incompetent, mental-defective charlatans, and how it is a Good Thing (GT)…"
08/20/2004 - The Day The Earth Stood Still
by Bill Bonner "Soon, great clouds of marijuana smoke billowed over us. We continued to explain the many terrors of the dark night ahead. The debt bubble. The trade deficit. Federal liabilities…"
08/13/2004 - Chaco Canyon
by Bill Bonner "Nobody knows where they came from…the original pueblo people. They are referred to as the 'Anasazi' or 'ancient ones.' They are part of the great diaspora of tribes that apparently came over from Siberia…"
07/29/2004 - Make The Desert Bloom
by Dan Denning "Stephen agreed with that and asked me to imagine a world where the basis of the currency is the faith we have in each other as human beings, as wealth producers…"
07/20/2004 - Komrade Kapitalism
by Steve Sjuggerud "Until Putin claimed he didn't want to push Yukos into bankruptcy, the oil giant was either a zero or a home run. Now the prospect of a zero has been taken away. The 30%-plus move in the shares was a reflection of that…"
06/14/2004 - World Class Imbeciles
by The Mogambo Guru "Thus the money supply of the globe is expanded, and thus the dollar is debased some more, and thus imports cost more. The only difference is that instead of money being created by being borrowed…"
06/09/2004 - Oil-aholic Agression
by Marc Faber "…Last year, China replaced Japan as the world's second largest importer of crude oil. Soon after taking over power, a year ago, President Hu Jiantao and Premier Wen Jiabao decided that, "securing reliable supplies of petroleum…"
06/07/2004 - Second Amendment Babes
by The Mogambo Guru "Now, of course, this immediately sent me in paroxysms of rage, and the next thing I know I am being roughly held down, while priests mumble Latin prayers while sprinkling Holy water on me…"
06/02/2004 - The Tapestry Of Monetary Collapse
by Chris Mayer "The threads of this story form a grand tapestry that will one day tell a sorry tale of monetary collapse. For the time being, we can explore the tapestry in bits and pieces, as one might examine the shards left in the trail."
06/01/2004 - Poisonous Tentacles
by The Mogambo Guru "If you ever, ever say anything again that is even half as stupid as what you just said, you will pay a penalty that you will remember with horror all the days of your life, and as you lay on your death bed…"
05/25/2004 - A Grotesque Misnomer
by Kurt Richebacher "The writing has been on the wall for years. In 1996 the American consumer increased his spending on current goods and services by $281 billion, with debt growth of $345.7 billion. In 2000 he spent $456.9 and borrowed…"
05/21/2004 - Ascension Day
by Bill Bonner "One of the wonders of the modern world is the dollar. The U.S. is not Thailand and the dollar is not the Baht…but like the Baht, the dollar is paper…backed by nothing…"
05/18/2004 - Running Out Of Gas
by Dan Ferris "That's right. A lone, part-time employee was charged with the responsibility of auditing the entire reserve base of the second-largest company in the largest industry on the planet…"
04/22/2004 - The River Of Losses
by Steve Sjuggerud "I now see the stock market (and most investable assets) like a river, working its way from the mountain peak to the sea. There are occasional 'flat' sections of the river, where things appear calm…"
04/05/2004 - The Dog That Didn't Bark
by The Magambo Guru "The Fed has screwed up, massively. And the result is, the United States is headed down the path to economic ruination…"
03/30/2004 - Waves Of Commodities
by Marc Farber "We could see prices of certain commodities double - or even treble - from their present levels in a speculative mania…"
03/26/2004 - Something Wicked This Way Comes, Part II
by Bill Bonner "Alan 'Bubbles' Greenspan, George W. Bush and all the great nabobs of positivism assure us that there is nothing to fear. But by this stage of a 'recovery, ' the U.S. economy should have created 2-3 million more jobs…"
03/24/2004 - Policy Traction
by Kurt Richebacher "In the past three years America has experienced an interest rate collapse, a record fiscal stimulus and the loosest monetary policy imaginable fueling money and credit creation at a scale that has no precedent in history…"
12/05/2003 - The Madness Of George II
by Bill Bonner "The madness of George II, reigning president of the American government, is that he believes he can do what has never been done. Our worry is not that George II will be proved wrong…"
08/19/2003 - The Salad Oil Swindle
by Dan Ferris "Buffett's strategy - buying beleagured-yet- fundamentally sound companies at depressed prices - still holds inveterate lessons for the investor with a would-be growing net worth."
07/30/2003 - Gasbackwards
by Chris Mayer "Today, natural gas is delivered to about 175 million American consumers through a 1.3 million-mile network of underground pipe. Unfortunately, many of the natural gas wells in the United States are beginning to run dry."
06/13/2003 - Shock And Awe
by Bill Bonner "the most astonishing thing about this mad investment world is neither the extremity of the U.S. financial condition, nor the absurdity of the official response. Perhaps at no time in the past has the U.S. balance sheet…"
03/31/2003 - Imminent Crash?
by Steve Sjuggerud "I know you're probably wondering, 'Steve, how can you say there's no real estate crash imminent?' Well, there are two things to point t value and buyers. It may be hard for most to believe…"
03/28/2003 - When Bush Comes To Shove
by Bill Bonner "Intellectuals have long since come to see the world in a different way: it is a mechanistic world, not a moralistic one, they say. All people have to do is to push the right buttons and pull the right levers…"
02/28/2003 - A New Class Of Leadership
by Marc Faber "Investors who have a longer-time horizon should not be overly concerned about the recent bout of selling in the gold market. A further decline is not a forecast, but merely a possibility which investors should consider."
02/27/2003 - Hip Dysplasia
by Dan Denning "Pavlovian investors are asking for it. Piling into tech stocks may have been hip at the top of the bubble…but, as history shows, it simply makes no sense to keep investing in the best-performing stocks…"
02/03/2003 - The Case For China
by Marc Faber "The rise of China as Asia's dominant economic and political power raises a number of issues. It is obvious that with a population of 1.2 billion, China will be the largest consumer in the world for most goods and services."
04/08/2002 - Lethal, But Not Serious
by Bill Bonner "Reason is no rampart against imbecility. Man, with his power of reason, is badly designed. Since he is able to reason, he imagines that the world and he himself acts the way he thinks reasonable."
11/13/2001 - Back To Japan
by Bill Bonner "No comparison is ever perfect, and every situation is different. The economy is always new. But the novelty of a situation is often less instructive than its essence â�" that is, the things that are not new about it."
10/29/2001 - Tsar Of Arabie
by Bill Bonner "'It isn't an overstatement to say that the economic fate of the world revolves around the reliable and unimpeded flow of oil from the fields of Saudi Arabia. Indeed, that has been the case for more than 40 years'…"
10/18/2001 - Timber
by Bill Bonner "In surveying the investment landscape of the last hundred years, Jeremy Grantham has noticed that only one investment" trees - has provided fairly consistent healthy yields throughout booms and busts…"
09/25/2001 - Concrete And Oil
by Bill Bonner "Today, I offer you two ways to take advantage of the coming bear market rally if there is to be one. Or, merely a chance to buy stocks that are good enough and cheap enough that you could hold them…"
07/31/2001 - Victims Of Greenspanism
by Bill Bonner "On Friday, I posed the question: upon whom will the deadweight of Greenspanism fall? When? All government actions - whether making war, taxing citizens, or forcing funny money and artificial rates of interest upon them…"
07/25/2001 - Negotiating The "Bride Price"
by Dan Denning ""…Hmmn… Kazakhstan. Risky? Perhaps. But here at the Daily Reckoning, we like to overturn the occasional emerging market rock to discover what slithery creatures lie beneath."

Rude Awakening Articles on Oil

10/05/2005 - "Swimming in Crude"
by Eric Fry "The average trout is very much like the average investor. It travels in groups and it chases after shiny things."
09/14/2005 - See Oil Demand!…See Oil Demand Fall!
by Eric Fry "If only the Wall Street Journal would produce a Weekly Reader version, we might be reading sentences like these in upcoming editions. We might also be reading sentences like, See Oil Prices!…See Prices Fall!"
09/08/2005 - Katrina Plays, Part 1
by Eric Fry "All last week, while Katrina was visiting misery on hundreds of thousands of Gulf Coast residents, she was also lavishing riches on hundreds of thousands of investors."
07/21/2005 - What Red Menace?
by Chris Mayer "The Chinese do not have all the answers, but many Chinese companies certainly have the right ideas, capitalistically speaking."
07/07/2005 - Bubble Anatomy
by Kurt Richebacher "Almost half of this year is already behind us. The biggest surprise, certainly, is the suddenly disappointing economic data about the U.S. economy."
07/06/2005 - The Three Things Rich People Do All Day
by Dan Ferris "You don't drop the pounds with magical pills and fads. Classical music will never appeal to the impatient. As for investing…well you already know the secrets there, don't you?"
06/23/2005 - Oil at a Crossroads
by Justice Litle "Crude oil finally reached $60 a barrel…Is $70 next? Or $50?"
06/21/2005 - Financial "Trompe L'Oeil"
by Eric Fry "What do Flemish Renaissance painters and exchange traded funds have in common? Both have the capacity to create equally lifelike deceptions."
06/01/2005 - A Bit About Drilling
by Eric Fry "Not surprisingly, therefore, the cost of finding and pumping a barrel of oil -- including labor, equipment and seismic testing - cost a record $17.12 last year, up 43 percent from a year earlier, based on data compiled by Bloomberg News."
04/15/2005 - Nothing About Breasts
by Eric Fry "No breasts in today's edition, just a slaughterhouse: grisly, chilling and littered with the carcasses of herding animals…"
04/08/2005 - Fighting The Tape
by Eric Fry "'I'm looking for managers that are good stock-pickers, but also know how to get out of the way of the tape. Unfortunately, they're hard to find,' an influential hedge-fund consultant complained."
04/07/2005 - Less Filling, Tastes Great
by Eric Fry "Pair trading" is the non-alcoholic wine of investing. It may resemble the real thing, but delivers none of the buzz…or so some folks think…"
04/05/2005 - Fading Goldman Sachs
by Eric Fry "On Dec 16 1998, an unknown stock analyst that Amazon shares would soar to $400 over the ensuing 12 months. That very day, the stock jumped 46 points. Less than one month later, Amazon shares did indeed hit $400."
03/29/2005 - Backwardated
by Eric Fry "Wall St. is best known for its congenital optimism…but when it comes to the commodity arena, the Street is plain pessimistic. This stubborn streak gives sharp investors a chance to break down the house…"
03/24/2005 - 1994 Revisited
by Tom Dyson "The chairman's quarter-point rate hike on Tuesday stunned the financial markets. But gold took it particularly badly. The big question is: what happens now? Eric Fry explores… "
03/17/2005 - Pricey Liquids
by Eric Fry "One Budweiser and two ordinary glasses of wine should not cost $64…not even in Manhattan. But they did. And to hear most "experts" tell the tale, crude oil shouldn't cost $56 a barrel…but it does."
03/04/2005 - The Oil Pit
by Eric Fry "He was standing so close to the crude oil trading pit - on the floor of the New York Mercantile Exchange - that an airborne "Buy" ticket nearly grazed his cornea."
02/18/2005 - Slick Oils
by Eric Fry "A letter from a fund manager reveals an unexpected approach to trading crude oil. Although he's a commodity broker, he loves oil stocks."
02/09/2005 - Curves, Peaks and Dips
by Eric Fry "Based on his theories, therefore, Hubbert predicted in 1956 that U.S. oil production would peak in the 1970s. Most of his contemporaries scoffed at the notion. But his prediction turned out to be surprisingly accurate. U.S. production did indeed peak in 1970."
02/08/2005 - In Memoriam: Cheap Oil
by Eric Fry "The Chinese are actively negotiating to secure long-term supplies of crude oil from countries as geographically and politically diverse as Canada, Saudi Arabia, Iran and Russia…"
11/05/2004 - Step into Liquid
by Dan Denning "But amidst the uncertain conditions of our changing petro-political world, liquid natural gas (LNG) will certainly assume a prominent role. As I see it, there are two major opportunities in LNG: terminal construction and tanker construction."
10/14/2004 - Commercial Catastrophes
by Dan Ferris "They appeared in the letter I wrote to subscribers in January of this year. I went on to describe how an opportunity to safely double your money over the next few years was created by some of the worst catastrophes in history…"

Featured Articles on Oil

Bottleneck Blues = Good News For Refiners
by Justice Litle "Crude oil isn't useful in its raw form - it has to be processed and transformed into various end-user products. The refineries are running flat-out, and there simply isn't enough capacity to handle demand."
Pain At The Pump
by Justice Litle "It has been said that the difference between Americans and Europeans is that Americans think 100 years is a long time, while Europeans think 100 miles is a long way. That may yet change."
Made-For-TV Reality
by Kate Incontrera "What's happening with Hurricane Dennis is not quite at the level of the disasters that ensued in 'Oil Storm,' but the storm did force the evacuation of 445 rigs and platforms, according to a report from the U.S. Minerals Management Service."
The Stevenson Moment
by Dan Denning "Day after day…the market seems to be grinding down share prices…fortunes…and reputations. Wall Street dropped again yesterday and is now below its low-point from last October."
Show Me the Oil!
by Kevin Kerr "So many wishful thinkers are hoping, praying and betting on the idea that Saudi Arabia will come to the rescue. They think the world's top exporter should be able to boost capacity enough to bring U.S. oil prices below $40…"
More Oil for the Lamps of China
by Byron King "The continents hold most of what geologists refer to as the Earth's sedimentary basins, and that is where the petroleum is. Well, sometimes that is where the petroleum is; you have to drill and find it."
It's Not Even Worth Chewing Through the Restraints
by The Mogambo Guru "No matter how high inflation gets, or how high interest rates get, you will be stuck right here! Hahahaha! Chumps! You trusted government with your money in return for their promises to offset inflation? Hahahaha!"
The Mogambo Strikes Again
by The Mogambo Guru "As mad as that makes me, and makes me write rambling hate-filled letters to the Federal Reserve about how they are suicidal idiots who are destroying our money, I was not prepared for the how much Total Public Debt ballooned here lately."
Life Jackets are on Sale!
by The Mogambo Guru "But if you are like everybody else, you will notice that this is an obvious scam, and your knee-jerk response is that vermin like me ought to be locked up somewhere for my own good so that decent people, like you."
Sulphurs of Hell
by The Mogambo Guru "Now, as a dimwitted low-life dumbbell, I can dimly understand that when rates are moving down, and people will celebrate for they think are good reasons, but this guy is telling me that you can also celebrate when interest rates are moving up?"
The Mogambo Conundrum
by The Mogambo Guru "The IMF is a group of secretive communist idiots who takes money from us to loan to countries and then the influx of IMF money makes it all worse, and when they don't pay back the loans, the IMF suggests that we eat the loss and forgive the debt!"
Crazed to Lunacy
by The Mogambo Guru "Well, not only is this the current expansion of the Chinese money supply three times as fast as ours did in the 20's, but it is also eerie that we are now expanding our American money supply at the same rate we did during the 1920s."
Standing on Tiptoes and Using the Hubble Telescope…Where's the Value?
by The Mogambo Guru "The Snow meeting with the 12 Fed governors may have something to do with the fact that Fannie Mae now has derivative exposure on its books that exceed one trillion dollars."
Howling Wolf
by The Mogambo Guru "The problem is when I am finished running my wet hands under the warm air dryer and I turn around to leave the restroom: I have to open the door by grasping the handle or knob. If the person who just left did NOT wash his hands…"
A Head Fake In Oil Prices?
by Chuck Butler "Good day, and a Happy Friday to one and all! It's a Halloween weekend to boot! BOO! Last year, I spent Halloween at the New Orleans Investment Conference…with a walk down Bourbon Street on Halloween."
It's Not Just Oil…
by Chuck Butler "Of course, this Trade Surplus was announced on a day when the U.S. Trade Deficit hit $58.8 billion, thus showing the Tale of Two Trade Reports!"
Vote Mogambo for Fed Chairman in '06
by The Mogambo Guru "Foreign holdings of American debt expanded back to its former glory - up $4.7 billion. Not to be outdone, the Treasury admitted to plunging us another $13 billion in debt, and the banks admitted to buying $13 billion in Treasury debt. HA! Coincidence?"
More of the Same
by Chuck Butler "The Institute for Supply Management's gauge of non-manufacturing industries fell to 56.7, the lowest reading since May 2003. Putting a positive spin on this data, many news stories reported that since the reading is above 50, it proves the expansion is continuing."
The Teflon Dollar
by Chuck Butler "The focus of traders has now moved to the U.S. economic reports for July due out later this week. As I said yesterday, Greenspan has done a good job convincing the markets to ignore any data from June…"
The Mogambo Reign of Terror
by The Mogambo Guru "The dysfunctional idiocy known as the New American Economy, based entirely on debt-fueled consumption and trading financial securities and borrowing against the bubble-created value of our houses and assets, needs more debt to just stay where it is."
A Canadian "Hotshot"
by Tom Dyson "Your junior Baltimore-based editor is on a 2-week joyride through the unforgiving wilderness of Northwestern Canada. Tom Dyson's journey begins here…"
A Modern Timon of Athens
by The Mogambo Guru "This is just one of many, one of mucho many, one of mucho many thousands of reasons why I loudly proclaim, 'Hurricane Katrina? Ha! The Federal Reserve is the biggest disaster ever to hit the United States of America!'"
The Idiot's Delight Generation
by The Mogambo Guru "The last thing I remember, I was mulling this over in my brain, and the next thing I knew I was at the supermarket, and I was explaining how it's like we are all in a gigantic, global supermarket."
Unholy Appetites
by The Mogambo Guru "IMF is a loser organization, staffed with losers, crooks, political hacks and dim-bulbs, making losing bets at every turn, forcing profoundly bad advice down the throats of recipients, squandering hundreds of billions of dollars of US money…"
Watch the Bikes!
by The Mogambo Guru "And if compounding working IN your favor is called a miracle, then what do you call its exact opposite? And is that opposite called an antonym? I think it is, and for all of you who ever said, �Why do I have to learn the word antonym?"
In the Money
by The Mogambo Guru "Gold isn't going through the roof, it's going to the moon, ' says Doug Casey. Man! As a guy who has a little gold, and my wife has some gold fillings in her teeth that I have had my eye on…"
The Butterfly Effect
by The Mogambo Guru "Savings hitting a new low of 0.2% is a statistic that I cleverly demonstrate by using this pile of 500 yummy cheeseburgers to illustrate your total income for the year."
Election Day
by Chuck Butler "Yesterday morning, we started seeing a general selling of the currenciesâ�¦ John Kerry had a stated intention to release oil reserves to control oil price."
Steady as She Goes
by Chuck Butler "As I told an investor yesterday, I think the euro will rise due to a fall in the U.S. dollar, not because of strength in the Eurozone economy. As investors sell dollars, the euro will be one of the offset currencies that will be bought.?"
Paved Paradise
by Bill Bonner "Americans may feel vaguely superior by driving around in hybrid cars and parking in spaces provided at someone elses expense, but they are not likely to have much effect on the oil price."
Be Patient and Enjoy the Sunny Days
by The Mogambo Guru "'The world has experienced the biggest financial boom in history and this has included the biggest debt issuance in recorded history…The recurring pattern starts with the euphoria of issuance…"
Grossly Miscalculating the Odds
by The Mogambo Guru "'You don't make money by knowing the future. You make money by knowing where your fellow investors have erred in the present. You can't know which horse will win the race, we remind you, but you can make a fair guess…"
Leave No Child Behind
by The Mogambo Guru "You may hiss and boo all you want, but it was Ben Bernanke of the Federal Reserve that advised us to look for "unconventional measures…"
A Monstrously Gigantic and Out-of-Control Current Account Deficit
by The Mogambo Guru "This sizable current account surplus is what has allowed Japan to keep from imploding. We have no such cushion, and in fact we have not only a sizable current account deficit, and not only that…"
"I'm Mad As Hell and I'm Not Going to Take It Anymore!"
by The Mogambo Guru "The pepper spray thats making my eyes water and forcing me to gasp for breath does not change the fact that the universal reaction to inflation is rage AND outrage, so right off the bat you get a good idea of the tenor the situation."
Debt, The American Way
by The Mogambo Guru "America is not normal and is not composed of normal, rational, educated people. Therefore, we greedy, socialist Americans will just keep on buying the usual full complement of imported goodies…"
Mogambo Manufacturing Inc.
by The Mogambo Guru "I'd give anything to be only discouraged! If I was only discouraged, then maybe I could sleep and not have to be strapped down every night to the bed with these big leather things with buckles."
The Essential Mogambo
by The Mogambo Guru "I help him back to his feet, dust him off and surreptitiously frisk him for guns and canisters of that damned pepper spray, and if I NEVER get sprayed in the face with that stuff again it would suit me fine."
Wailing Sirens and Wet Pants
by The Mogambo Guru "And then you realize that The Mogambo had a very good reason when he suggested that you get yourself some precious metals and large-caliber weapons and a massive steel front door…"
A Trade Balance Preview
by Chuck Butler "Long ago and far away I told you all that we would see $50 per barrel for oil…and after that was achieved I told the desk that the next stop would be $60 per barrel. But now, I saw a chart that shows oil spiking at $70 per barrel!!! OUCH!"
Are You Confident?
by Chuck Butler "There was some great news for all from Mexico yesterday as it was announced that there has been a new oil reserve discovered… Pemex, the state owned oil monopoly…"
Guess Who's Coming to G-7?
by Chuck Butler "There's a story circulating around this morning that China is going to be invited to the next G-7 meeting… That's October 1st… You can smell this can't you? Yes… Why else would they invite China to a G-7 meeting than to talk revaluation…?"
Hey, Buttheads…Brillant Economic Planning!
by The Mogambo Guru "The trade deficit is actually more like $58 billion. And if we had imported our usual growing allotment of oil, then the trade deficit would have almost certainly been the worst ever. Maybe even a new record!"
The Wonderful World of the Professional Waitress
by The Mogambo Guru "As I was waiting for some e-mail to download from some girl I never met who said she was a beautiful college coed and she has some "special" photographs of herself that she is just dying to send me…"
Lost in a World of Stupidity
by The Mogambo Guru "And the reason that we could all use a few extra bucks is that our incomes, which you will notice have not actually gone down in raw dollars and cents, have nevertheless NOT kept pace with the rise in prices for the last five freaking years in a row!"
Constants In The Age Old Tale Of The Borrower And The Lender
by The Mogambo Guru "One of the constants in the universe is that the Tale of the Borrower and the Lender, in whatever incarnation, always has an unpleasant ending. Always. In fact, I shall call it the Always Unpleasant Ending Effect…"
Government Providing For The Citizens
by The Mogambo Guru "Ahhh. It suddenly becomes clear as glass. A big-government, re-distributionist, communist system that has been assembled piecemeal for a half century is now falling apart and taking everyone down with it."
A Cataclysm Coming This Way
by The Mogambo Guru "Richard Russell, he of the remarkable Dow Theory Letters, says 'I believe that the United States and most of the rest of the nations are heading towards monumental events, events that will shake loose the entire monetary…"
A Lesson in Inflation
by The Mogambo Guru "So let me see, here. Some prices up, some prices down, and so the government has declared that there is, on net, no inflation. I guess the lesson is to eat your furniture, burn your clothes for heat…"