OIL PRICES HIT NEW LOWS FOR MONTHS, AMERICANS ENJOYED THE LOWER GAS PRICES, HAD MORE MONEY TO KEEP IN THEIR POCKETS.
WALL STREET WENT APE-S__T, INVESTORS WRUNG THEIR HANDS, GNASHED THEIR TEETH AND WEPT, THOSE HEAVILY INVESTED IN OIL, OIL, OIL WERE BESIDE THEMSELVES OVER OIL PRICES DROPPING STEADILY.
AVERAGE AMERICAN WAS ELATED!
A BREAK FOR THE OVER-TAXED AND UNDERPAID!
NOW, IT'S OVER!
[UPDATE: December 29, 2014, NEW OIL WELL FIRES IN LIBYA RAISES CRUDE OIL PRICES BACK TO $60 PER BARREL. http://profit.ndtv.com/news/commodities/article-oil-rises-to-60-per-barrel-libya-fire-supports-719668 ]
Over the last two decades Americans in the the bottom 90 percent of the economy have lost ground while the richest 1 percent captured 70% of income growth. Yes, 70 percent.
This is NO accident. It isn't because of ONE bad policy or ONE bad recession.
To achieve this, EVERY major policy – taxes, investment, monetary, trade, finance, regulation – ALL had to be "fixed" to favor the elite few, that TOP 1%.
THE MONIED BOYS HAVE AGAIN FOUND A WAY TO RECOUP THOSE LOSSES AND THE AVERAGE JOE/JANE WILL SEE GAS PRICES CLIMBING STEADILY BACK UP TO A COMFORTABLE LEVEL FOR THE OIL DEALERS OF WALL STREET.
YOUR LOSS IS ALWAYS WALL STREET'S GAIN, CITIZENS!
IF YOU WIN, THEY LOSE.
IF SHAREHOLDERS WIN, YOU LOSE.
IF MEGA-CORPORATIONS LOSE PROFITS, "MIDDLE-CLASS" AMERICANS HAVE A FEW BUCKS MORE TO SPEND OR TO SAVE.
THAT'S HOW IT WORKS.
LET'S HAVE A LOOK:
TODAY/NOW:
Oil prices moved above $60 a barrel as U.S. data showed falling crude inventories, stemming deep losses brought on by a supply glut and signals from OPEC producers and Russia that they will not cut production. Brent crude was up 41 cents to $60.42 a barrel.
[FALLING CRUDE INVENTORIES....WHY? BECAUSE WHEN PRICES DROP, THOSE WHO PUMP OIL STOP PUMPING TO DRIVE PRICES BACK UP; HERE, IN THE MIDDLE EAST, EVERYWHERE. WHEN PRICES FALL, REDUCE THE AMOUNT OF PRODUCT AVAILABLE, WHETHER OIL OR A 'TICKLE ME ELMO' TOY, AND WATCH PRICES RISE! IT'S MAGIC! BLACK MAGIC.]
Oil prices moved above $60 a barrel as U.S. data showed falling crude inventories, stemming deep losses brought on by a supply glut and signals from OPEC producers and Russia that they will not cut production. Brent crude was up 41 cents to $60.42 a barrel.
[FALLING CRUDE INVENTORIES....WHY? BECAUSE WHEN PRICES DROP, THOSE WHO PUMP OIL STOP PUMPING TO DRIVE PRICES BACK UP; HERE, IN THE MIDDLE EAST, EVERYWHERE. WHEN PRICES FALL, REDUCE THE AMOUNT OF PRODUCT AVAILABLE, WHETHER OIL OR A 'TICKLE ME ELMO' TOY, AND WATCH PRICES RISE! IT'S MAGIC! BLACK MAGIC.]
Wall Street's Dow Jones industrial average was up 0.92 percent, and the S&P 500 gained 1.2 percent to 1,996.70 after three days of losses.
[SEE THAT? THE WALL STREET GANGS WERE HURTING, SO NOW YOU HAVE TO HURT SO THEY CAN HAVE A VERY MERRY CHRISTMAS. THAT'S THE PRIME RULE. ]
[SEE THAT? THE WALL STREET GANGS WERE HURTING, SO NOW YOU HAVE TO HURT SO THEY CAN HAVE A VERY MERRY CHRISTMAS. THAT'S THE PRIME RULE. ]
The S&P energy index was up 4.4 percent.
The MSCI world equity index, which tracks shares in 45 nations, was up 0.19 percent to 403.97 after posting losses earlier in the trading day.
U.S. consumer prices recorded their biggest drop in nearly six years in November as gasoline prices tumbled, according to government data.
[BIGGEST DROP IN CONSUMER PRICES IN 6 LONG YEARS! CAN'T HAVE THAT! RIGHT HERE AT CHRISTMAS TIME, WHEN AMERICANS SPEND THE MOST, MUST GET PRICES BACK UP! MUST RAISE PROFITS!
MUST HAVE "THE PRECIOUS"!
HIGH PRICES MEANS BIG PROFITS, HIGH PRICES WITH CONTINUED LOW WAGES.
HIGH PROFITS MEANS CREATE MORE EXPENSIVE GASOLINE.]
BUT IT DOESN'T END THERE, OH, NO!
MUST JACK-UP INTEREST RATES, HAND THE BANKS SOME HIGHER PROFITS, TOO! THE FEDERAL RESERVE TO THE RESCUE!
THE 'FED' WILL NOW CONSIDER RAISING INTEREST RATES SOONER, MUCH SOONER THAN THEY HAD PLANNED!
Investors were looking ahead to the U.S. Federal Reserve's final policy statement of 2014, due at 2 p.m. (1900 GMT). In a sign of America's brightening economic outlook, many analysts expect the Fed to remove language pledging to wait a "considerable time" before raising U.S. interest rates.
HIGH PRICES MEANS BIG PROFITS, HIGH PRICES WITH CONTINUED LOW WAGES.
HIGH PROFITS MEANS CREATE MORE EXPENSIVE GASOLINE.]
BUT IT DOESN'T END THERE, OH, NO!
MUST JACK-UP INTEREST RATES, HAND THE BANKS SOME HIGHER PROFITS, TOO! THE FEDERAL RESERVE TO THE RESCUE!
THE 'FED' WILL NOW CONSIDER RAISING INTEREST RATES SOONER, MUCH SOONER THAN THEY HAD PLANNED!
Investors were looking ahead to the U.S. Federal Reserve's final policy statement of 2014, due at 2 p.m. (1900 GMT). In a sign of America's brightening economic outlook, many analysts expect the Fed to remove language pledging to wait a "considerable time" before raising U.S. interest rates.
"HEY, YOU SCRATCH MY BACK, I'LL SCRATCH YOURS," SAYS THE FED TO THEIR BELOVED WALL STREET STREET GANGS.
"SAME AS ALWAYS, BABY," SAYS WALL STREET, WITH A SMIRK AND A TAIL-WIGGLE.
AND THOSE IN CONGRESS ALSO REJOICE BECAUSE THEY HANDED WALL STREET AND BIG BANKS THAT CHRISTMAS GIFT RIDING ON THE BUDGET DEAL, COLLECTED THEIR BONUS CHECKS UNDER CAPITOL HILL TABLES, DANCED MERRILY TO THEIR PHONES TO CALL AND CHECK ON THEIR OFFSHORE BANK ACCOUNTS AND WHISPERED, "KA-CHING, KA-CHING!" TO ONE ANOTHER ALL ACROSS THE LAND.
"SAME AS ALWAYS, BABY," SAYS WALL STREET, WITH A SMIRK AND A TAIL-WIGGLE.
AND THOSE IN CONGRESS ALSO REJOICE BECAUSE THEY HANDED WALL STREET AND BIG BANKS THAT CHRISTMAS GIFT RIDING ON THE BUDGET DEAL, COLLECTED THEIR BONUS CHECKS UNDER CAPITOL HILL TABLES, DANCED MERRILY TO THEIR PHONES TO CALL AND CHECK ON THEIR OFFSHORE BANK ACCOUNTS AND WHISPERED, "KA-CHING, KA-CHING!" TO ONE ANOTHER ALL ACROSS THE LAND.
I CAN HEAR "BAWLING JOHN BO(EH)NER" NOW, WEEPING TEARS OF YULETIDE GLADNESS AT HIS FAVORITE BAR, DROOLING HIS JOY INTO HIS DRINK, HAPPY AGAIN.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ING IT JOHNNY!
[TO THE TUNE OF "MY COUNTRY 'TIS OF THEE"]
"MY PROFITS ARE TO ME, BETTER THAN LIBERTY, I LOVE THE FED!
FRENCH-KISS ME, CHEVRON, DEAR, JUST TOUCH ME, DENBURY, LET'S GET IN BED!"
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ING IT JOHNNY!
[TO THE TUNE OF "MY COUNTRY 'TIS OF THEE"]
"MY PROFITS ARE TO ME, BETTER THAN LIBERTY, I LOVE THE FED!
FRENCH-KISS ME, CHEVRON, DEAR, JUST TOUCH ME, DENBURY, LET'S GET IN BED!"
Benchmark U.S. crude rose 2 cents to close at $55.93 a barrel in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, fell $1.20 to close at $59.86 in London.
"OTHER OIL PRODUCERS"...WHO WERE NOT "PRODUCING" AS THEY HAD, BOYS AND GIRLS!
WHEN THE "PRODUCERS" STOP MAKING MEGA-MEGA-BUCKS, THEY SIMPLY STALL OR STOP "PRODUCTION".
NEWSFLASH!
JUST SINCE I BEGAN THIS BLOG ARTICLE, BRENT CRUDE HAS RISEN ANOTHER $3 TO $63 A BARREL.
WHO WANTS TO BET ON $70 AS A LOW-END FINISH FOR THE DAY?
JUST SINCE I BEGAN THIS BLOG ARTICLE, BRENT CRUDE HAS RISEN ANOTHER $3 TO $63 A BARREL.
WHO WANTS TO BET ON $70 AS A LOW-END FINISH FOR THE DAY?
Front-month Brent surged $3.12 to $63.13 a barrel shortly after 12:30 p.m. EDT. The January Brent contract, which expired in the prior session, hit a low of $58.50 on Tuesday, its weakest since May 2009.
U.S. Energy Information Administration data showing U.S. crude inventories falling by 847,000 barrels helped curtail losses, despite expectations of a 2.4-million-barrel draw.
U.S. Energy Information Administration data showing U.S. crude inventories falling by 847,000 barrels helped curtail losses, despite expectations of a 2.4-million-barrel draw.
Prices remain close to 5-1/2-year lows, and have almost halved over the last six months as increasing volumes of light, high-quality crude from North American shale have overwhelmed demand.
Core Gulf OPEC members have said they are prepared to wait as long as a year for the market to stabilize, undercutting hopes they will step in to stem crude price losses.
DIG IN, AMERICA!
AMERICAN OIL "PRODUCERS" WILL HAVE THEIR PROFITS!
AMERICAN OIL "PRODUCERS" WILL HAVE THEIR PROFITS!
TIME TO PAY THE WELL-PAID WHATEVER THEY WANT, ONE MORE TIME!
TURN OUT THE LIGHTS, THE PARTY SAYS IT'S OVER.
IF NOT TODAY, IN A FEW SHORT WEEKS...
HO-HO-HO.
TURN OUT THE LIGHTS, THE PARTY SAYS IT'S OVER.
IF NOT TODAY, IN A FEW SHORT WEEKS...
HO-HO-HO.
No comments:
Post a Comment