Is anyone else excited to see oil at $109 for no god damned reason at all? We have plenty of the stuff, but can’t seem to bear witness to a price decline, ever. It used to go up because of China, then inflation, now it just goes because it can. You’d think oil stocks would outperform too. But they’re mired in their own feces, unable to enjoy any sustainable run higher.
Judging by this satanic weather, I’ll bet dollars to donuts oil will keep going higher, especially if we get some of those awesome hurricanes again.
I haven’t an investable name off this debauchery, only to suggest you should beware of inputs and how the price of crude might start to scare people from living leisurely. Maybe the refiners make a profit or perhaps solar continues to win, as “anything but oil” appeals to Wall Street, except coal of course.
Watch the prices ever so closely, for oil is on a collision course with our GDP.
If forced to choose, I’d say CLR will do the “hundy” roll here and press higher until $115.
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Check out mpo for a super cheap small cap oil play
EOG
nice site makeover .. looks very good
So far, it looks good on Samsung Android.
Reminds me of BI and loads just as slow. Hate it.
it’s your 1997 pc
No sir, it is not. High quality computing devices utilized on my end.
Fly, BX posted some insane numbers. You have any interest in it?
Funny to hear the real estate market’s thinking that solar panels on roofs make them sexy for resale after the math conversation here the other day. Of course Congress is behind the idea too.
Leader Fly, are you still liking EMKR? More or less down here?
I usually get here via RSS feed, so rarely see the home page. But came to the site via the home page today and really like the new look, Sir Fly.
oil names aren’t following because this whole runup is based on short term factors that are going to reverse (mostly outages and Alberta flood). Check out the futures curve. Oil for next winter is $16 under spot. It’s also why idiot twitter traders shorting refiners are going to be in for a surprise over the next few months. Brent/WTI futures spread is $8 in january.
oil is going to fall like a rock…SCO…time stamp it
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