iBankCoin

OIL SLICK

It’s all over for you crude motherfuckers. The price of oil is dropping precipitously, emboldening our viagra filled congressmen to raise the fucking gas tax to astronomical levels, for the sake of your highways, roads and the bridges. After all, those roads aren’t gonna build themselves (insert gun shooting head pic here).

On the Twitter I’ve been discussing this matter, as well as many other important matters, and have been met each time with seemingly concerned citizens who are ardent supporters of higher taxes on your gasoline. After all, the country cannot stand for the middle to poor classes  to bask in the glory of cheap gasoline for a driving season. Immediately, we must press our hot irons onto their faces and declare “those roads aren’t gonna build themselves!”

After further inspection, these lads on the Twitter are nothing more than DC lobbyists, taking to social media, trying to convince the lower class folk to support castration and other policies that literally take food off the dinner table and into the fat bellies of scumbag construction bosses.

So oil is down the tubes and futures are slowly but surely giving it all up, whore style.

On the plus side, biotechs are the shit. NPSP, FMI, TKMR and others are through the roof. On that FMI deal, I like NSTG.

Look, I’m very happy that oil is dropping and all of the clowns working in the Bakken shale are going to be told to fuck off soon. But there is going to be some fall out, some ass-tarded bank who lent too much money to multiple bad actors (extra Orange is the new Black). Expect ruinous quarterly losses for some of your favorite oil stocks and spastically gay stock price pin action. Other than that, everything is peachy!

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40 comments

  1. frog2

    Bruce – let me know your next move RE: UWTI

    Might buy now and sell by EOW

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  2. halfbloodpope

    What we need a good old fashioned oil spill.

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  3. vat

    Don’t worry Fly! The GOOPS are gonna run a pipeline enema up Vlad the Impaler’s ass and blow those oil prices right back to Venezuela. Pending the vote to finally export oil from this sorry oilogged country we used to call a democracy.

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    • rigged game

      Why should we export oil or petroleum products at these low oil prices? Keep it in the fuckin’ North American ground, for our kids and future generations!

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      • vat

        What good are grandkids without gods for them to worship and pay homage to? It’s all about power my friend…

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    • gappingandyapping

      Fuck you cocksucker, stay away from my asshole.

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  4. og

    I should’ve listened to Macke.

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  5. frog2

    I can taste the blood.. sooo good

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  6. lesurgeon

    Sir, I followed you into the woods of FRO a boy and emerged a fucking Viking. I look to you once again for intuition. Will FRO climb higher.
    Sincerely, an avid reader.
    -LeSurgeon

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  7. traderconfessions
    traderconfessions

    More importantly… why are we still charged a fuel surcharge fee by UPS and others?

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  8. gorby

    The great unwashed are going to have
    a parade in your honour.

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  9. smartestone

    Is it too much to ask to have a week where the market doesn’t puke its guts out? rhetorical question . i’m afraid

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  10. lesurgeon

    Speculate with me, bro.
    Come on speculate with me…
    http://m.youtube.com/watch?v=leXCM0SrP9A

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  11. ripper

    Ouch OA people RE: UWTI

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  12. juice

    This crude crash is an engineered move by the illuminati to take one year of losses in crude to put through a gas tax which will pick the pockets of consumers until there is no more oil left in the planet

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  13. traderconfessions

    Biotechs are the shit until they shit…ARWR for example. Loved it on Friday… hate it today.

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  14. budh

    It would be good to scrap the income tax in favor of an energy use tax. (revenue neutral) rich motherfuckers use 10X more energy than poor people. They would have a harder time avoiding an energy tax.

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  15. Trent J

    My FRO is lookin so tight today.

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  16. Marc David

    +1 on FRO (sold way too early!) Nonetheless.. here’s hoping crude goes to $30 and FRO goes to $10

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  17. rangersfan

    Dr.,

    Do you think the DOE would start adding to our Strategic Petroleum reserves if oil were to hit a certain price?

    I am guessing that they are not considering this as it would be the logical decision to make.

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  18. samson99

    While a gas tax will go nowhere, Obama’s proposed $100 billion energy tax should punish the lower classes to your likening.

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  19. vandamme

    does SIR FLY have a price target in mind on the FRO tho?

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  20. Marc David

    If I remember, Fly said $10

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    • duckkell

      based on what oil price?

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      • Marc David

        His thesis at the time was based on a shipping comeback, debt, etc.. wasn’t based around oil pricing. I suspect if oil keeps tanking, FRO will continue to soar based on oil needs to be stored somewhere. Why sell it until OIL definitely bottoms. Who knows where that is. Not sure but FRO as a company may not be anymore than a play based on cheap oil. When it catches a bid, short FRO back to $1.80. It didn’t look to be the best run company last I ever looked.

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  21. J Adabese (your pen pal)
    J Adabese (your pen pal)

    Hoping $NNH. Gets noticed soon.

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