Results tagged “oil” from Dealbreaker

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Black Russian, Black Gold

Our relationship with risk-taking is a schizophrenic one. Bold actions taken, even foolishly, yield bright accolades for winners, enduring damnation for losers. Qui audet adipiscitur, after all. Phrased another way: One may dare, but one must win. On reflection, David...

I Hear London Is Beautiful This Time Of Year

Here's a thought experiment: What would you make of the Deputy Prime Minister of a large country that insisted that, compared to the rest of the world, centralized regulation like price or production caps would be difficult to impose in...

Move Over Maxine

Make room on the Goldman conspiracy bandwagon. As you may or may not be aware, oil pipeline giant Semgroup Holdings took $2.4 billion in losses last summer following the oil price spike. Semgroup had been short crude and paid for...

Oil's Well

The dance of crude has slapped more than a few investors to the dirt-nap lately. Three fake rallies have throttled investors like T. Boone Pickens into equity unconsciousness and several of these black gold rushers are laying on the sidelines,...

We Love You, So Hurry Up And Die

There are fewer relationships stranger than that between Saudi Arabia and the United States. Of course, who knows if Reuters is actually even close to the mark when they connect Barack Obama's call to King Abdullah with Saudi's recent announcement...

The Manhattan Hillbillies

Mark and Andrew Madoff teamed up with their cousin Shana Madoff Swanson in early 2007 to fund Madoff Energy LLC. After hiring geologists and other employees, they began financing oil and gas projects, including well drilling in Texas. "Oil? Gas?...

Black Gold, Texas Tea

It is no secret that one of the things holding what remains of the economy together is low oil prices. That's more than somewhat recursive, of course, since its the anticipated slack demand brought on by global recession (or fear...

No, Seriously, It's, Like, Totally An Emergency Now

Goldman Sachs wasn't the only group surprised by the sudden bursting of the Oil BubbleTM. OPEC is going batshit, and we don't mean that in a good way. The problem at this point, as is usually the case with supply...

The OPEC Sandbox

Oil sinks. Much noise about cuts is made, in the hopes no cut will be necessary. Oil sinks anyway. Fear begins to show as everyone nervously looks at Saudi Arabia ($49/barrel fiscal break-even), wondering if it will agree to cuts....

Pickens: Oil Going To $100. No, I'm Totally Serious This Time!

And it has nothing to do with my investment in wind power. No. Seriously. Nothing. It is going to the sky. Seriously. Like, sometime next year. Without a doubt. Be ready, this time. Better buy wind now, before its too...

OPanEC

Couldn't have happened to a nicer bunch of guys. OPEC's credibility being about as valuable as Managing Director in a dataroom, their "dramatic announcement" of production cuts after an "emergency meeting" earlier resulted in bored yawning from markets. This has...

Arena Dealbreaker: Bull v. Bear

A new and experimental feature, spawned out of the sudden, early-morning realization that I think Daniel Mark Harrison's optimism is the daft raving of naivete, and he thinks my pessimism the product of that burnt out, hollow shell of an...

Seemingly Odd (Negative) Correlation of the Day

iPath S&P GSCI Crude Oil Total Return ETN (NYSE:OIL) v. Goldman Sachs (NYSE:GS) Chart after the jump....

Palin: A Oil-Sider Republican?

We've been scolded by some of our readers for our coverage of Sarah Palin. This morning we turned to a "Washington insider" to find out about her economic outlook, largely because she didn't seem to say much about economic policy...

Q&A on WTF Is Going on with Russia And Georgia, Part II: What's The World Going to Do About It?

[Warning: This is the second half of a two-part series and it's just as long as the first part. Again, if you're not into reading, this isn't for you]. In the first part of this forum, I asked three regional...

Q&A on WTF Is Going on with Russia And Georgia, Part I: Who Started It?

[Warning: This is the first of a two-part series and they're both REALLY long. If you have little patience, intelligence, interest in what's going on in the Russian/Georgian conflict, or think that Russia took over Atlanta, this isn't for you....

SEC, US Attorneys and FBI Probing SemGroup Collapse

It looks like the collapse of SemGroup, the oil traders who filed for bankruptcy after losing $2.4 billion, may wind up getting prosecuted as a criminal matter. We already knew the SEC was looking into the company's cash-flow problems. Now...

Lehman, Barred From Platts Pricing, Still Trading Oil

Lehman Brothers is still under "temporary review" by Platts but yesterday it traded an oil contract during the end of day price-setting period that Platts uses to set bench-mark prices, according to Reuters. On Monday Lehman was barred from participating...

Tomorrow: How Hedge Fund Heroes Are Raping And Pillaging Economically Disenfranchised Children Just To Make An Extra 2 Percent

How the Masters of the Universe are murdering the middle class by gambling on black gold [Daily Mail]...

The New Weapon In Morgan Research's Arsenal