“look outside the us of a closures and sales, sir…the big picture…the real big question??????”
Can you please tell us what you know in plain English and why you think it’s happpening.
I’m sorry if my post comes across as being rude. I believe what you’re trying to tell us is important and I don’t want to beat around the bush.
no…there is another vision…
the complexity
why the security of spending for a g1000 meeting?
point…..security millions to billions …why the need…for an event for the people?
it is not a meeting for the people!!! or about the benefit of the people..it is an event for the system, silly.
Security is required…the g actually stays for central banking…when central banks meet it has absolutely no interest to the people but FOR the system
Deadeye….refinery closures and maintenance….you have not look at the global closures…
deadeye …look outside the us of a closures and sales, sir…the big picture…the real big question??????
Must be full moon effect. But you have the same feeling (in an entirely different field) as I do.
aurum
“Icelandic President Ólafur Grímsson has warned governments around Europe that a significant eruption at the volcano is close. “We [Iceland] have prepared … it is high time for European governments and airline authorities all over Europe and the world to start planning for the eventual Katla eruption,” he said.”
I had lunch with an active exploration geologist today and felt the same way - I had little to say or add on exploration today. The game is very different than just last year. Money is scared silly but even worse a new guard is now running many companies and frankly they seen to think differently. Mostly the accountants are now running companies and they have no vision to find oil and gas. 2+2 must equal 4 and five or six is not acceptable or a possibility. No more hand waving at a map or cross section, the computer must instantly rotate them 360 degrees with a cost analysis. It was fun while it lasted as I have lived in the best of times with unlimited oppertunities. Deadeye
A top in the 14-month bear market advance has
been put in. The big rally since March 2009 is breaking up, it’s over. If the top is in, the stock market has
nowhere to go but DOWN.
“It is appropriate this Memorial Day to salute all those who have given their lives in defense of this nation. Without their sacrifices we would not be free to ask questions, to challenge our political leaders and to take an active role in our system of government. To them we owe an unrepayable debt.” Amen
I will not be around that much during the next week - headed home for a week in Florida - but please remember those that have fallen for their country. Who knows where we would be without their sacrafices.
TAPS/America the Beautiful http://www.youtube.com/watch?v=EUsYfeua1gs
for me it seemed appropriate to address it to you as you have a very practical viewpoint on subjects such as the irritating points I bring up below,
Two things were irritating to my ears as we listened to the Friday evening television news this evening. The first item was in the ‘entertainment news’. Now I admit to a bias right there because I have no interest in news about the entertainment world, but we are inundated with such news by Larry King and many others in the news media who seem to think that “entertainment” is the most important subject in today’s complicated world.
The part in the ‘entertainment news’ that irritated me was the repetitive statement that some movie broke a new weekly record because it “made” so much money at the box-office. I have harped on this before on Gold Forum that movies do not make money, in the sense that they do not create any new wealth for humankind. They simply transfer funds from the credit cards of movie patrons to the Hollywood recipients of royalties for the movie they have just produced. In my opinion, the people who “make money”, that is create wealth for humankind, are farmers who harvest the sun’s energy in the form of photosynthetically-produced biomass, the petroleum geologists, engineers, roughnecks and miners who dig petroleum resources and minerals and aggregate materials from the earth’s surface layers, person’s who capture solar energy by concentrating the energy from wind, solar and tidal energy sources, foresters who harvest solar-created woody biomass from the earth’s forests, and those who harvest biological riches from the sea such as bluefin tuna, shrimp and other crustaceans harvested from places like the Gulf of Mexico. These are the people who are creating new wealth (i.e. making money) by harvesting the earth’s biological and mineral riches. In my opinion, all else is media fluff and simply transfers of money from one place to another, rather than creation of new wealth for humankind.
My second irritant in tonight’s Canadian news was the item that about one billion dollars was now budgetted in Ontario to provide security during the G8 and G20 meetings that Canada is hosting. Perhaps that, in itself, is irrelevant since the one billion dollars to be spent on security is simply money spinning around from one place to another within the national economy. The irritant part, for me, is that in all the complaints about the forthcoming million dollar expenditure, none of the media, none of the politicians of the world, and not many members of the Canadioan public, are questioning why the world even needs any more of these G8 and G20 summits. In a world of electronic communication, why do these so-called world leaders need to meet at all. So much can be accomplished by bilateral meetings of key world leaders and by electronic conference calls that it leaves me dumfounded why they even need to meet as a group.
Have a good weekend. Equiz.
How it looks. You can do the EW count yourself - as this chart stands it seems clear.
aurum (DJIA)
I don’t even feel like music. Mr. Barney has come into the office and just curled up in a corner perhaps to say it is time to stop this trading. Actually - perhaps why this is on my mind - I met a trader on the beach. He lives here and is say 35 - makes his living trading. We chatted a bit but I realized I really have nothing useful to say and I don’t really understand trading today.
aurum
Well I just dropped by to see what you all had to say. We ate down by the beach and then put our chairs down on the strong incoming tide and watched the moon rise now and then partially blocked by clouds. We drank a older Margaux that I have been worried about.
I see we are still in the same issues here. I won’t post about them as I think we have all said what we could and only time will resolve them. Also I don’t care to read anything complicated as I spent the day on the DOL new efast2 system - a misnomer.
aurum
you would understand the one word that cancels profit. it is - regulations. Deadeye
allow me to walk…i not not agree with you
the principles are selling refineries or closing refineries….there is a world of explanation
snip:
‘ Is Europe heading for a meltdown?
‘ This financial crisis is worse than the sub-prime crash of 2008 because the sums are so much bigger and it is governments that are in dire straits. Edmund Conway explains the dangers.
‘ By Edmund Conway
‘ Published: 8:21AM BST 27 May 2010
‘ Mervyn King, the Bank of England Governor, summed it up best: “Dealing with a banking crisis was difficult enough,” he said the other week, “but at least there were public-sector balance sheets on to which the problems could be moved. Once you move into sovereign debt, there is no answer; there’s no backstop.”
‘ In other words, were this a computer game, the politicians would be down to their last life. Any mistake now and it really is Game Over. Or to pick a slightly more traditional game, it is rather like a session of pass-the-parcel which is fast approaching the end of the line. … . ‘
for the full article see
www.telegraph.co.uk/finance/comment/edmundconway/7770265/Is-Europe-heading-for-a-meltdown.html
A fine post. Thanks
snip:
‘ By Ambrose Evans-Pritchard
‘ Published: 9:40PM BST 26 May 2010
‘ The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history. ‘
for the full article, see
‘ Last updated: May 28, 2010 1:00 a.m.
‘ Japan jobless rate up, while prices fall in April
‘ By TOMOKO A. HOSAKA
snip:
‘The number of jobless stood at 3.56 million, up 2.9 percent from the previous year, according to the Ministry of Internal Affairs and Communications. Those with jobs fell 0.8 percent to 62.69 million.
‘Meanwhile, deflation worsened in April as consumer prices accelerated their retreat. Japan’s core consumer price index, which excludes fresh food, fell 1.5 percent from the previous year, extending declines for a 14th consecutive month. … . ‘
‘ Lower prices may boost individual purchasing power, but deflation is generally bad for an economy. It plagued Japan during its “Lost Decade” in the 1990s, hampering growth by depressing company profits, sparking wage cuts and causing consumers to postpone purchases. It also can increase debt burdens. … . ‘
…..and you know who likes to make the rules
type of crude feedstock they get. Sour or sweet crude, high or low parifin, viscousity, Btu factor and others. Plus what products they are making like kerosine, high or low quality gasoline, and now the EPA has requirements that I am not farmiliar with. Some heavy crude has to be mixed and diluted with high gravity condensate before refining. Then there is the market to sell each product. It is not an easy game, too many regulations now. I once consiidered buying a small refinery and it didn’t take much investigation to run away from that deal. They had heavy crude and needed condensate that was not available in the area so there was little profit potential. It was shut down and sold for scrap in the 1980s. Deadeye
Your ability to create fiction and fantasy is evident. Please try to confine it to your own material; using it to describe that which I have written simply obfuscates. Feel free to write about your own ideas and leave me to develop mine without the aid of your imposing upon them the dead weight of your much deeper greater more wonderful more amazing more perfect more brilliant drifts.
Frostbite and goldentriangle; thank you for the discussion.
once a year for maintenance and now is a good time for them to do this as inventories are very high. If you own a refinery, you want to get as much for your products as possible, the same as farmers, darymen etc. I had an uncle that owned a small gasoline refinery and a cousin who trucked the gasoline to independent service stations in a 60 mile radius. So I was turning valves at 9 years old. Deadeye
allow me to comment…runner….your comment was worth golden insight..lack of demand..absolutely not!!!!! You are a marvel…of marvels…TQ…what i think, my friend, i know and frankly hope others pursue and think…smile.