|
|
Post by thirsty on Oct 19, 2011 22:56:49 GMT -5
This chart is where all the action is:  Somebody 'new' showed up in your domestic market and took a million barrels a day in refined product off your hands this past week. Data for exports by nation lag by three months so we won't know what happened here until well in to the new year. This could be a number of things going on here, not many of them are 'good'. Stockpiling for war is at the top of my list.... |
|
|
|
Post by looter on Oct 19, 2011 22:59:48 GMT -5
I've always posted that propane is the most honest market in the petroleum complex, and is the precurser for where we are headed in terms of our bidding capability. Check this out;  Meanwhile imports of propane are down 40% YOY. This in a year that corn is drier than dust.... |
|
|
|
Post by looter on Oct 19, 2011 23:02:06 GMT -5
This chart is where all the action is: Somebody 'new' showed up in your domestic market and took a million barrels a day in refined product off your hands this past week. Data for exports by nation lag by three months so we won't know what happened here until well in to the new year. This could be a number of things going on here, not many of them are 'good'. Stockpiling for war is at the top of my list.... It's likely that somebody out there smelled a war coming and bid hard enough for products to procure supply. It's peculiar isn't it? I mean... we've never seen a week like this. Next Weds is gonna be might interesting..... |
|
|
|
Post by thirsty on Oct 19, 2011 23:06:51 GMT -5
I think what is relevant to this thread is reality. Like what is unemployment going to look like with a three handle or less on net imports? Will average house prices appreciate, or depreciate if net imports continue to fall? Is this good, or bad, for the balance sheets of the banks that hold these residential properties/mortgages? How much money will the Fed have to print in order to bail out all the client zombie banks that have been created by this forseeable event? Why is Eric Sprott bringing an unlevered bank to market? www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/sprott-makes-a-bet-on-a-different-kind-of-bank/article2204088/ ;D |
|
|
|
Post by looter on Oct 19, 2011 23:07:44 GMT -5
The USA military is the world's single largest entity consumer of petro demand. (Almost all distillates) Look what is going on;  It's well known that military doesn't buy petro close to an election, because all the fuel it squanders can alter the pump price. While USA gasoline demand is crashing, USA exports AND demand of distillates (diesel/jet fuel) are both screaming higher! Hmmmm...... |
|
|
|
Post by thirsty on Oct 19, 2011 23:07:47 GMT -5
I've always posted that propane is the most honest market in the propane complex, is the precurser for where we are headed in terms of our bidding capability. Check this out; Meanwhile imports of propane are down 40% YOY. This in a year that corn is drier than dust.... ;D |
|
|
|
Post by thirsty on Oct 19, 2011 23:10:34 GMT -5
The USA military is the world's single largest entity consumer of petro demand. (Almost all distillates) Look what is going on; It's well known that military doesn't buy petro close to an election, because all the fuel it squanders can alter the pump price. While USA gasoline demand is crashing, USA exports AND demand are both screaming higher! Hmmmm...... There you go. Welcome to a three/four/five front war! Take your pick: Pakistan, Iran, or Central Africa? Or all three? Or five? I've lost count how many wars you guys are in. |
|
|
|
Post by looter on Oct 19, 2011 23:12:20 GMT -5
I think what is relevant to this thread is reality. Like what is unemployment going to look like with a three handle or less on net imports? Will average house prices appreciate, or depreciate if net imports continue to fall? Is this good, or bad, for the balance sheets of the banks that hold these residential properties/mortgages? How much money will the Fed have to print in order to bail out all the client zombie banks that have been created by this forseeable event? Why is Eric Sprott bringing an unlevered bank to market? www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/sprott-makes-a-bet-on-a-different-kind-of-bank/article2204088/ ;D So that cagey ol' Sprott is creating an unleveraged bank? No fractional reserves for E-rock-enstien himself??? When was the last time this was tried? Holy crap, it's been like 5 times in the past 500 years! I would love to discuss the places/times its been done, but for now I reckon there's enough Austrian Scholors out here to fill his vaults. |
|
|
|
Post by thirsty on Oct 19, 2011 23:18:10 GMT -5
I think what is relevant to this thread is reality. Like what is unemployment going to look like with a three handle or less on net imports? Will average house prices appreciate, or depreciate if net imports continue to fall? Is this good, or bad, for the balance sheets of the banks that hold these residential properties/mortgages? How much money will the Fed have to print in order to bail out all the client zombie banks that have been created by this forseeable event? Why is Eric Sprott bringing an unlevered bank to market? www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/sprott-makes-a-bet-on-a-different-kind-of-bank/article2204088/ ;D So that cagey ol' Sprott is creating an unleveraged bank? No fraction reserves for Sprott??? Whaen was the last ime this was tried? Holy crap, it's been like 5 times in the past 500 years! I would love to discuss the places/times its been done, but for now I reckon there's enough Austrian Scholors out here to fill his vaults. He's not only an Austrian, he's sold on Hubbert and probably understands the math behind Malthus. As far as assets go, levered financial assets don't last five minutes in an era of resource constraints, an unlevered bank full of hard assets would be close to the inverse of that idea, don't ya think? |
|
|
|
Post by looter on Oct 19, 2011 23:18:37 GMT -5
I think what is relevant to this thread is reality. Like what is unemployment going to look like with a three handle or less on net imports? Will average house prices appreciate, or depreciate if net imports continue to fall? Is this good, or bad, for the balance sheets of the banks that hold these residential properties/mortgages? How much money will the Fed have to print in order to bail out all the client zombie banks that have been created by this forseeable event? Why is Eric Sprott bringing an unlevered bank to market? www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/sprott-makes-a-bet-on-a-different-kind-of-bank/article2204088/ ;D It was a year ago that a couple rogues on Agweb said that USA petro net imports would fall 1 mbpd per year, and that we would produce about 8 mbpd and consume only 5 mbpd of it.... THAT IS RELEVANT!!!! The unmistakeable evidence that America is going to become a net-exporter of oil, and easily the world's largest net-exporter of refined products. To drill more is to export more. It's purely a game of efficient end-use. He whom adds the most value to oil wil get all he wants.... regardless of where he lives or the geology of his neighboring rocks. |
|
|
|
Post by looter on Oct 19, 2011 23:21:43 GMT -5
So that cagey ol' Sprott is creating an unleveraged bank? No fraction reserves for Sprott??? Whaen was the last ime this was tried? Holy crap, it's been like 5 times in the past 500 years! I would love to discuss the places/times its been done, but for now I reckon there's enough Austrian Scholors out here to fill his vaults. He's not only an Austrian, he's sold on Hubbert and probably understands the math behind Malthus. As far as assets go, levered financial assets don't last five minutes in an era of resource constraints, an unlevered bank full of hard assets would be close to the inverse of that idea, don't ya think? Absolutely. It's a play on the deflation side of "Drunken Lodger". When credit traps trip, the unleveraged (honest) banks reap the rewards. Total no-brainer in a resource constrained world. |
|
|
|
Post by thirsty on Oct 19, 2011 23:22:03 GMT -5
I think what is relevant to this thread is reality. Like what is unemployment going to look like with a three handle or less on net imports? Will average house prices appreciate, or depreciate if net imports continue to fall? Is this good, or bad, for the balance sheets of the banks that hold these residential properties/mortgages? How much money will the Fed have to print in order to bail out all the client zombie banks that have been created by this forseeable event? Why is Eric Sprott bringing an unlevered bank to market? www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/sprott-makes-a-bet-on-a-different-kind-of-bank/article2204088/ ;D So that cagey ol' Sprott is creating an unleveraged bank? No fractional reserves for E-rock-enstien himself??? When was the last time this was tried? Holy crap, it's been like 5 times in the past 500 years! I would love to discuss the places/times its been done, but for now I reckon there's enough Austrian Scholors out here to fill his vaults. Couple times in the last couple decades, most of those guys ended up getting arrested on trumped up charges. Like Franklin Sanders, the most dangerous man in the mid south.... the-moneychanger.com/dangerous.phtml |
|
|
|
Post by looter on Oct 19, 2011 23:41:05 GMT -5
So that cagey ol' Sprott is creating an unleveraged bank? No fractional reserves for E-rock-enstien himself??? When was the last time this was tried? Holy crap, it's been like 5 times in the past 500 years! I would love to discuss the places/times its been done, but for now I reckon there's enough Austrian Scholors out here to fill his vaults. Couple times in the last couple decades, most of those guys ended up getting arrested on trumped up charges. Like Franklin Sanders, the most dangerous man in the mid south.... the-moneychanger.com/dangerous.phtmlOnce fractional reserve lending is institutionalized as it was in 1913, it's darn tough to make an unleveraged bank compete. It's a stellar idea nowadays though. Austrians like gold cuz it protects on most of our road we are headed down, but an unleveraged bank protects on those other (deflationary) steps we will inevitably take. A guy with 10 million net worth, could put 6 million into gold and 4 million into the unleveraged Sprott bank and spend all he wanted till infinity. What an idea! HTF do you run across this shit man? Tell me your secret!!!!! |
|
|
|
Post by looter on Oct 19, 2011 23:51:09 GMT -5
Sorry bout all the grammatical errors and typos... pretty wasted tonight in reverance of the "6" handle on net petro imports.
Gnite mates.
|
|
|
|
Post by ses on Oct 20, 2011 6:37:48 GMT -5
I assume your prediction of "crude with a five in front of it" just went out the window. It won't be long, maybe before the election, when the fool in charge will place a huge export tax on crude.
BTW you guy's thoughts of stockpiling for war is a bit disturbing. Might be stockpiled for civil war. IMO things are going to get pucking ugly. US citizens won't willingly give up their "one man driving a dually pickup" while the rest of the world piles fifteen people in the back of a Toyota ,without a fight.
|
|
