Enbridge: go fuck yourself.
What sort of Alice in Wonderland shit is this? The amount of oil stockpiled at Cushing is ridiculous, thanks to the tar sands at Alberta, Canada. This oil, alongside the shit in West Texas that is WITHOUT PIPELINE support, is only part of the reason why Brent blew out versus WTI by $30 per barrel. Its been shrunk to $9 on glorious reversals of fortune.
Last week 321 crack spreads started to get crushed on little to no news. Obviously there were some jackass Senators out there who were making directional bets, privy to the pending news of “pipeline reversal.”
Here’s the news, just in case you missed it.
So all we needed to do was “reverse the pipeline” to get WTI higher? Color me cynical, but go fuck yourself. The infrastructure that built the refiner story isn’t solely based around the “pipeline flow.” It’s about NOT HAVING ANY COCKSUCKING pipelines– AT ALL– in the Eagle Ford shale. Fuckers whip Mexicans to carry those barrels on their backs to the rail-yard.
I wonder if they could reverse some natural gas pipeline to make it more expensive. Or, how about this: let’s reverse the Italian CDS pipeline, so it goes lower and people won’t bug the fuck out over Unicredit’s eventual bankruptcy. Better yet, let’s “reverse the pipeline” on America’s brain drain. Yeah, instead of American Dads living vicariously through their idiot kids, with futile attempts to raise the next Payton Manning, they will sit them down to read a book. As you obsess over the basketball lockout, your country is being stolen from you.
Today our national debt hit $15 trillion, officially eclipsing the 100% debt/GDP ratio–a 49% increase since 0bama was elected in 2008. Our borrowing rates are at record lows. The debt is easily financed because America is the standard. However, it’s obvious to anyone but the dicksuckers in Congress, this path will lead to the destruction of the economy. But, feel better, because by the time we go under, the world will be a smoldering mess. The fall of the great American empire will be a giant vortex, sucking the entire world into its center. When we come out on the other end, our aircraft carriers will be docked in Shenzen.
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i bet they have hedge fund ‘buddies’ in london trading their secret luxembourg accounts for them.
You are a crazy fuck, Fly. But you always make me laugh and are great at printing the salient facts.
Go America! A true cataclysm of brainless fuck-tards.
At least we don’t lie like the fucking Chinese.
Yeah, they are horrible liars.
And the driving! Oy!!
Is that worst than being delusional?
liars 4 sure
Hide yo kids, hide yo wife, they reversin’ pipelines everywhere up in here!
Just based on your music selection, I have to meet you one day. When I knew you knew what the Cabrini Green projects were I almost fell out of my chair laughing.
I was raised 2 blocks from a housing project in bk.
That’s only because there is a housing project every two and a half blocks in BK.
(thank you Robert Moses, Soopah Genyius)
___________
Calliope projects (aka the Calio made famous by No Limit records) in New Orleans represent.
pastrami on pretzel bread with mustard rules.
I will open up a deli in china very soon. hold the MSG
regards
chuck
Thank God they reversed that fucking pipeline! Those poor Texan bastards were only getting $90 WTI.
Oh, one last thing before I go (NO COLUMBO), as of last week Cushing had 31 million barrels of motherfucking oil reserves.
That’s called a monumental glut.
There is a basketball lockout?
Occupy iBankCoin and get shot in the face with my Desert Eagle.
I’m assuming its a .50 cal. BTW, nice picture choice.
YOu can’t fuck with Antoine or a DE
So what exactly does reversing the pipeline accomplish? Is this like a GMCR inventory swap?
It’s magic dust for WTI.
oil markets are fucked in the head. frankly, traders have been looking for every freaking excuse to narrow the brent-wti gap. when ghadaffi fell, brent knifed lower, as if their entire production capacity was flipped on over night.
It’s called RAPE-A-REFINER trade.
Respectfully..it’s Peyton Manning
I don’t care how he spells it.
Reading more does help w. spelling.
Especially the sports pages.
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Fly you’re getting close to replacing Cramer on my 3 folks I’d like to have lunch with – (the other two being Tina Fey and Rick from Pawn Stars
I’d like to have lunch with Alec Baldwin in 30 rock character only
I want to lunch with his GGGR character.
“Third place? Ya fiahed!”
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Mr. Fly…how you nail the target on such a regular basis.
I know I have cried wolf (way too soon) only because my perverse mind saw the writing on the wall long ago (blame it on being raised in Malibu in the 70’s)
My sister and brother-in-law have been forcing their two boys on the baseball escalator for the last 15 years.
The outcome:
Two blown out rotater cuffs, one at 15, one at 16. $300-400K spent traveling around the country for years, putting the husbands lost dreams onto their own kids.(did I mention he lost his $200K construction job?)
The second outcome:
Selling the million+ dollar house in CA to the the very first bidder for 750K.
The third outcome:
Sorry kids, you are going to have to go to community college now, it seems mommy and daddy spent all the money because we just KNEW you’d be big baseball players one day…and get all sorts of scholarships…NOT!!
Maybe if they were not skinny little white boys, I don’t know…but the writing was on the wall 10 years ago.
Divorce is the only rational outcome. The mother, a CA state school teacher, with tenure. (a beautiful thing)
How will the kids look at the parents down the road?
Selfish parenting 101.
I blew out my rotater cuff at 16 too.
You should have used the other hand more.
Do you mean for flipping burgers, Dave?
Mr. Fly:
Were you being pushed by people in power at the time? If so, send them a big thanks….because, if you hadn’t found the stock market…we’d be sucking face on TheStreet.com rather than having the beautiful iBankCoin to enjoy.
Certainly fuels the anger.
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Been holding AVF since 2009, should it be sold along with other preferreds of that nature?
Just curious on your opinion going into a potential vortex
Anyone else seeing what is happening in southern california?
Real Estate prices are in the process of capitulation if you will. The house you bought 90 days ago is worth 5-10% less today. Don’t believe the media bullshit garbage. This is happening across the board and the banks know it. This is first hand information too so fuck you assholes who bought in 2008-09-1`0 that thought you were being shrewd and smart. You are underwater fucktards!
Everything moves in cycles.
Channel your hate, more creatively.
Agreud
Yeah maybe, be careful of which cycle you speak of. This cycle is going to leave the benefits on the other side of the world
Detroit, Columbus… real estate will come back; but it may be a rather long cycle, like 100 yrs.
You should read the LA Times…
Uncle Sam’s steps to exit the mortgage market took a toll on Southern California’s housing market in October as fewer higher-cost homes sold.
http://goo.gl/6ItcE
OWS will fix all that by attacking the big banks.
What happened to poor Swagger Jackson that he should require revenge?!?
You are one funny guy with a lot of energy… can’t believe you only had tea today lol
2012 is going to be a shit stain on the underwear of America (Eminem)!!!
I thought America is full commando … sad, who wears underwear these days anyway
Texas guys must like everything reversed… easy on the replies here please :0
the debt isn’t a problem, in fact its not really debt at all… its the way that the governmetn incurs it.
Sure. It’s not debt when we borrow money to pay bills. It’s simply credit that will one day be revoked.
Just a future default. Like student loans and home mortgages.
Finally a decent track. Last time the music was great was a Brahms violin concerto.
We sold a lot of TRP lately to replace with ENB…so we’re pleased as punch.
This pipeline is highly overrated. If there is a contango such as brent/WTI price (not a real contango) disparity it will get corrected in time, one way or the other. This pipeline is part of that. The market will do that. The arb will be closed out. The western refiners benefitted from it for many months. They got a lot of debt paid off, they are partly hedged going forward. They will be more profitable even with leveled out prices.
They are 35% hedged at $27 through 2012.
Stinkadena will be maxed out fo-shizzle. Some of you roughnecks know what this means..
GOBBLE GOBBLE! (turkey gods)
I want a technocrat government, like the Italians. I want Congress reduced to rubber-stamping what rational people tell them to do.
Just march all the blue and red dudes off to the coal mines to do something useful with their lives for a change. Make political ideology a capital offense.
I’m sick of this.
You do not get technocracy without rampant corruption, sorry.
The temptation is too great.
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I wish you were on CNBC tomorrow morning regurgitating this post!
Joe Kernen: …In our next segment “The Pipeline Has Been Reversed”, we have a special guest from IbankCoin.com- please welcome “The Fly.”
Holy shit….heads would fucking roll!
Fuckers whip Mexicans to carry those barrels on their backs to the rail-yard.
ha ha ha ha!!
That’s funny shit right there
Dirty little secret… Don’t ask, don’t tell.
Not so secret – everything about college athletics is corrupt which leads to Congress and bank boards of directionlessers.
As a Canadian, your friends up north are going eh?