DO NOT TRUST THIS WOMAN

I doubt Janet Yellen has even bothered to look at the news. I am almost certain she still believes oil is still trading at $100, just like Joe Kernan and the rest of the fucktards on CNBC. In case you’re wondering, the oil and gas industry employs almost 6 million people in this country. More than 10% of all new jobs created, since 2007, has been in this industry. Skimming over reports, I can tell you, unequivocally, US rig count and cap ex budgets are set to plummet in as big way. More than 500 rigs are scheduled to be idled soon and the Bakken shale turned back into a wasteland. Pink slips by the truckload will be delivered.

Yet, you turn on the teevee and these fucking morons are beating off to higher interest rates all day. Sure, that’s exactly what the currency market needs now–a hawkish Fed to super charge the dollar vs the ruble.

I have little confidence in this rally sticking, post Fed. There is a certain group think, rooted in extreme idiocy, infecting the minds of everyone.

A few quick ideas.

SYRG, FANG, GPOR, PDCE and MTDR have the best balance sheets and wells around. They are low cost producers and should make it out of this mess unscathed. Then again, who knows where crude will stabilize? I’ve looked over countless oil and gas companies and I hate most of them. With over $500 billion in debt, this industry is slated to be destroyed. The junk bond market is in free-fall and that negative sentiment is spilling over into ordinary corporates. It’s imperative that you own companies who are aptly financed.

Lastly, I find it supremely comical that the retards over at GE were beguiled during the ’08 meltdown for being a financial company and now find themselves equally misfitted during the energy crisis, as an energy company. In recent statements they said business would be a lot better if oil were $125. Good luck.