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POPS Oil Falls Below $64 As Economy Outweighs OPEC News that Japan's Nippon Oil plans a 15 percent cut in November crude oil refining, from a year earlier and data showing China's September oil demand growth was its slowest in 10 months also weighed on oil prices. Despite OPEC's Friday decision to cut back on production, oil prices have continued to slide. Kuwait's oil minister said OPEC was concerned about an oil price fall after it cut output but it would take time to decide if the cut was sufficient, while Venezuelan President Hugo Chavez said OPEC should create a crude price band between $70 and $90 per barrel. Separately, crude oil speculators on the New York Mercantile Exchange shifted to a net long position while open interest dropped in the week to October 21, the U.S. Commodity Futures Trading Commission reported on Friday.
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POPSForex Income Plan Learn from this site why many americans or even other foreign nationalities are interested in getting involved on Forex trading.
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POPSThe $55 Trillion Dollar Question a University of Maryland law professor and former director of trading and markets at the Commodity Futures Trading Commission. "If they couldn't keep passing the risk down the line, those guys would've been stopped in their tracks. The ultimate assurance for issuing all this stuff was, 'It's insured.'" Second, terror at the potential for a financial Ebola virus radiating out from a failing institution and infecting dozens or hundreds of other companies - all linked to one another by CDS and other instruments - was a major reason that regulators stepped in to bail out Bear Stearns and buy out AIG (AIG, Fortune 500), whose calamitous descent itself was triggered by losses on its CDS contracts (see "Hank's Last Stand"). "The big problem is that here are all these public companies - banks and corporations - and no one really knows what exposure they've got from the CDS contracts," says Frank Partnoy, former Morgan Stanley derivatives salesman.
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POPSSoo what's the diff again? I keep hearing how democrats are socialists that want to "ruin" the free market. So what have the republicans been doing these last eight years?
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POPS Iran Says Oil Price Is Right At $100 A Barrel Pressure for a cut in oil output at next week's Opec meeting in Vienna stepped up today when Iran’s Opec governor said an oil price of $100 per barrel was “appropriate” Robert Laughlin, analyst at MF Global, said today that Opec had played a good hand in its actions — or lack of them — this year, when prices rose aggressively. "But will be alarmed at the downturn in demand and the deteriorating economic backdrop of the global economy." "Western leaders will be urging the cartel to remain unchanged in production strategy but I fear there is growing feeling in the ranks of price hawks that a cut in production is required and now," Mr Laughlin said Even the most moderate Opec member, Saudi Arabia, which has indicated that it would prefer output to be left unchanged, has been cutting the discount at which it sells Arab heavy, a poor-quality crude that it uses to calm the oil price, offering large quantities at big discounts.
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POPSUS Best Place to Put Your Money Seems our economy is better than the Euros or the Japanese... Don't look for the MSM to report that, though, it interferes with their narrative that only the O-mentum can cure our ills... maybe the world isn't so infatuated with Obama after all...
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POPSDo you SUCK at making money in MLM and Network Marketing??
http://john-gregory.com/ http://www.MLMVIDEOGOLDMINE.com 206-350-0765 MLM, The New School Rocks. New School MLM is Learning how to Market, No more running around saying join my MLM with aplication form in hand, no more sell sell sell, pitch pitch pitch…..no more of the wrong types of people in your MLM Network marketing business that only joined because you did such a good sales job on them….oh well they’ll quit within 90 days anyway. New School MLM and Network Marketing is Knowing full well that your Upline in not always your mentor New School MLM and Network Marketing is treating your business like a business and modeling the most successful business models on the planet New school MLM and Network Marketing is becoming an inspired MLM Capitalist that earns on the supply side of this great industry and not running around pushing the latest hottest commodity… New School mlm and network marketing is having people call you , email you chase you because they have seen yo
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POPSOil "Jump" Dow "How High"? But more notable than the recent consistency of the general counter-trend (i.e. stocks move up when oil moves down and vice versa) is the strength of the magnitude correlation. If you were to predict that stocks would move in perfect opposition to oil prices (offset downward by 1%), you could map the price movement of the Dow fairly well over the last two weeks. This is particularly interesting if you think the commodity fever has finally broken and the oil bubble has plenty more deflating to do. Bear in mind that at $121 per barrel, we've receded to May 2008 levels, but we're still more than 50% higher than we were just a year ago, so there may be a lot of room below.
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POPSCrude Senatorial Loggerheads Part of what's confusing Reid and his ilk is the distinction between speculation and manipulation. Speculation isn't a bad thing. Indeed, it's a very good thing. Without speculators, you'd only have natural hedgers participating in commodity futures markets. Prices would be much less stable and market participants with unwanted inherent exposure to those prices (including farmers, airlines, manufacturers, retailers, and shareholders and customers of the whole lot) would have a much harder time offloading that undue risk. In short, speculators are a crucial part of a robust marketplace that moves us toward a more optimal allocation of risk. Without them, the liquidity and efficiency of the marketplace suffers and so does every participant in that market (which definitely includes you) Market manipulation involves deceptive and distortive practices intended to take unfair advantage of other market participants.
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POPSCommission Finds Oil Price Manipulation The article goes on to say "...overall, most experts say the incidents are so scattered, and the energy market so large, that it's unlikely a single trader or group of traders can have substantial sway over prices." Of course, if this turns out to be an even fairly common crime, then the cumulative effect could be much larger. After the big corporate crime wave of '04, I think it's foolish to give them the benefit of the doubt.
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POPSWhy commodity traders have had such an influence on the coffee market A lot of the volitility and high market prices this year has been due to speculative futures trading. I had wondered why this was so influencial this year, and this article summarizes another piece in the trade press on how these markets have changed and why the market price of coffee has a lot to do with folks who have nothing to do with coffee. The original PDF is at http://www.coffeetalk.com/images/CTJun08web.pdf (BTW, I believe this applies to oil prices as well.)
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POPSPelosi: Drilling In Protected Areas ‘A Hoax’ 
Democrats would not say when these bills would be ready for floor consideration. House Republican Leader John Boehner (R-Ohio) took to the floor to again criticize Democrats for dodging votes on energy bills, charging that Democrats are avoiding votes on the opening up of the Artic National Wildlife Refuge and the OCS. Hoyer soon followed to retort, saying he and Democratic leaders have for weeks been urging for drilling on approved acres, only to have those efforts blocked by Republicans. He blamed Bush, Vice President Dick Cheney – the “two oil men in the White House” – and Republicans for setting an energy policy that has driven up gas prices and steered record profits to the energy companies. “As every serious person who has studied this issue knows, the proposals that Democrats are producing are shams and hoaxes designed to provide political cover and not to produce more American energy and lower gas prices,” Boehner spokesman Michael Steel said.
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POPS Dubai's Favorite Senators Senator Maria Cantwell (D., Wash.) has been threatening to hold up appointments to the Commodity Futures Trading Commission until the CFTC increases regulation of oil trading. According to the Almanac of American Politics, "successfully worked the phones" in 2005 to round up enough colleagues to block drilling in the Alaskan wilderness. Her counterpart in the House is Michigan's Bart Stupak, who claims special credit for a permanent ban on drilling in the Great Lakes and has also cast votes against exploration in Alaska and off the California coast. Then there's New York Senator Chuck Schumer, another staunch opponent of new domestic oil supplies. Mr. Schumer has egged on the Federal Reserve's rate-cutting binge that has contributed so much to the oil price spike.
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POPSCommodity speculation and the cost of living As high-tech stocks and real-estate investments have started to look less promising, financial speculators have turned to commodities. This is why energy and food prices have shot up so dramatically around the world.
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