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  • A.B.Campbell 3:46 pm on December 17, 2008 Permalink
    Tags: crude oil, , , OPEC,   

    OPEC: Oil underweight, needs to fatten up. 

    As TSJ enthusiasts are well aware, Obesity is a major problem in the United States and abroad. While many fat folks choose to hold off dieting until the new year, oil has been losing weight for some time. Luckily, concerned by crude oil’s anorexic state, OPEC has intervened on its behalf.

    “It’s less than meets the eye,” says Lawrence Eagles, JPMorgan Chase & Co’s global head of commodities research. Previous attempts by OPEC to curtail crude’s dwindling fatness, have have had virtually no effect and this latest move by oil producers may be similarly ineffective.

    Experts say crude oil’s underweight issues may continue to influence its close friend, gasoline.

    “When this baby hits rock bottom, she’s going to breakdown all over the Gasolines,”  remarked one commentator, “I’m talkin’ French model, skin n’ bones, $1.00/gallon gasoline here!”

    Energy prices continue to set new records.

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    • The Bruce 3:51 pm on December 17, 2008 Permalink | Log in to Reply

      This one’s for Don Lando.

    • Don Lando 4:38 pm on December 17, 2008 Permalink | Log in to Reply

      The only records energy prices are setting these days is a record for most detached commodities sector of the millenium. Well, that and biggest, fastest price drop ever.

      And for what it’s worth, January gasoline (RBOB) contracts on the merc settled at something like $1.0035/gal today, so there’s your one-dollar gas. ‘Course that’s blendstock, but still.

    • Don Lando 4:49 pm on December 17, 2008 Permalink | Log in to Reply

      it’s $1.0055, I confused it with yesterday’s 1.035

    • The Bruce 8:35 am on December 18, 2008 Permalink | Log in to Reply

      Show off.

  • A.B.Campbell 6:19 pm on October 16, 2008 Permalink
    Tags: crude oil, , , , , ,   

    The Front Porch: The Bruce Ponders the Elections 

    As Obama supporters get cocky, and McCain is handed yet another “tie” by the mainstream media, I watch the price of crude oil trade under 70 dollars a barrel, the US Dollar grow stronger, and wonder how long until the Obama bubble bursts and Americans with economic concerns stop running to his outstretched, socialist arms. A long time I am sure, provided the media continues to not report it.

    Should he ride it through the election and win the presidency, I am confident that The Messiah’s allies in the press will begin reporting the oil price change, the dollar’s strength and attribute it all to Dear Leader, Barack Obama.

    The Bruce ponders whether Americans will see through this ruse… if they continue to embrace socialism and elect Mr. Obama, no doubt they will believe every word.

     
  • A.B.Campbell 9:08 pm on September 11, 2008 Permalink
    Tags: crude oil, , , peak oil, ,   

    Forbes/BBC: The Bruce was right on target. 

    As many of you may recall, in a recent article The Bruce predicted the eventual fall of gas prices due to the natural adjustment of the free market. This is now happening. And according to Forbes, even OPEC is powerless to stop it completely.

    Let this be a lesson to you all: do not question the wisdom of The Bruce.

     
    • Don Lando 12:04 am on September 12, 2008 Permalink | Log in to Reply

      market volatility and seasonality are the crown and scepter with which i defy your wisdom.

      those are the key points we’re brought with, anyhow.

    • The Bruce 5:05 pm on September 12, 2008 Permalink | Log in to Reply

      Perhaps so…

      but aren’t these essentially short term market effects?

  • Don Lando 5:39 pm on April 7, 2008 Permalink
    Tags: , crude oil, , The Strenuous Life   

    “The pound of flesh which I demand..” 

    We at the Sagamore Journal occasionally find it prudent to gather up some of the many gems we’ve sown and bring them together with a overarching point, valid or not.
     
    As an example, take three previous subjects at random. Let’s say crude oil prices, fat people and the feckless TSA. Now observe:
     
    Runaway jet fuel prices have prompted airlines to evaluate cost-cutting measures. Alaska Airlines recently discovered it could save $10,000/year on fuel simply by removing five magazines per aircraft. What’s more, the company got itself new beverage carts, which – at 20 lb lighter than the old ones – could save upwards of $500,000/year in fuel costs.

     
    Ho ho, now – are we to understand that by cutting a few pounds here and there, air travel could be cheaper? Do you see where I am going with this?
     
    It’s high time the transport of human flesh was conducted on the same basis as any other cargo. You pay by the pound. If you exceed a certain weight or dimension, perhaps you pay double (i.e.: an extra seat). They do it for our luggage already, yes? That’s because of weight and passenger travel should be the same.

     I see no reason why the dietary habits or genetic makeup of an obese traveller should cause me to pay extra for a less comfortable airplane ride. The trip itself is what our money pays for; arrival is the assumed and hoped for result. Remember that.
     
    My modest proposal offers greater justice than this current notion that everyone should suffer for the gluttony of a few. It’s not true for differently sized cars at the gas pump and it shouldn’t be true for differently sized people in air travel.

     We live not in a socialist commune as the ill-begot TSA would have you believe. This is a cut-throat capitalist machine, for better or worse.
     
    He who chooses to move his 300-pound bulk across the skies should do so at greater personal cost than one who wishes to transport only 150lbs of flesh and bone. That’s economics.

     
    • The Bruce 9:48 pm on April 9, 2008 Permalink | Log in to Reply

      I, naturally, agree.

      The accommodations made for fat people are straight out of the socialist handbook.

      The Bruce has been up to his neck The Strenuous Life lately and today, to his horror discovered that the only wheelchairs available at the hospital are “double wides” made especially large for fatties.

      Think of the additional cost to our health care system from over sized wheelchairs alone. And liberals want me to pay for this and other, more serious costs in my taxes! It is not my fault you are fat. I should not have to pay for your health care.

    • fryertuck 6:51 am on April 22, 2008 Permalink | Log in to Reply

      As a morbidly obese individual I stongly oppose this proposed policy as it is an act of discrimination and would provide momentum to the disturbing growth of the cacomorphobia in our society. We are people just like you damnit and we deserve to be treated equally. You are uncomfortable on the plane, huh? Did you ever think of how the American culture constantly promoting skinny bastards makes me feel insecure about myself and drives me to eat even more. You people are as much the problem as we are.

      If anything big bodied people have less money than skinny people. In some cultures corpulence may be a sign of wealth and power, but it is not the case for us big-boned Americans. We spend all of our money buying food to satiate our voracious appetites and then pay for the newest diet fads so that we can try to lose the weight gained by binging. It is a never ending cycle that continously syphons our income down the drain.

      I’ll see you in the third circle of hell!!!

    • Don Lando 6:37 pm on April 22, 2008 Permalink | Log in to Reply

      I think fryertuck makes a good point, fat people apparently want to be treated equally. However, I suspect you’ll find yourself hard-pressed to convince physics that different masses should take the same amount of energy to move. Nature, you see, doesn’t espouse bleeding-heart socialism in its principles.

      But fair enough, equality you shall have. You know, of course, this means equal food portions, equal space available for your bulk… if the “big-boned” can abide by this standard of equality then they can enjoy it.

      Otherwise, the second your rolls cross into my seat you are violating my rights to civil equality. Still, I am not unreasonable. I will offer to sell you the space you’re already stealing from me. Pay up.

      see how making choices works?

  • Don Lando 11:26 am on April 1, 2008 Permalink
    Tags: crude oil, energy independence, fascism, foreign policy, geo-politics, House Select Energy Committee   

    April’s Fools – Missing forests for trees 

    On this day of trickery, the The Select Committee for Energy Independence and Global Warming is meeting to discuss and stew over high fuel prices and the idea of energy independence. I sincerely wish I could say our elected officials were intelligent enough and insightful enough to ask the correct questions and approach the real problems behind US energy dependence, but I cannot.

    We all know fuel prices are up, this is no mystery. Everyone is well aware that oil values have doubled. What none of these cads seem to grasp is that federal intervention is the problem, not the companies that fuel the world. We will be trapped in an April Fools’ Day version of “Groundhog Day” unless we wake up and force these federal tentacles out of our free market.

    So here are some questions that should really be addressed today (thanks to an objective, like-minded industry observer):

    Who voted to delay drilling ANWR so we could have a $36.5 billion bigger trade deficit, a weaker dollar and higher crude prices?

    Who voted to not drill into proven reserves off of California? Florida? The East Coast?

    Who voted to increase the cost of gasoline blending by 48¢/gallon so we could have cleaner, lead-free air to breathe?  

    Who debated increasing CAFÉ for years so America could need more gasoline and be more dependent on imported oil supplied by nations that do not like us?

    Who voted to increase the use of ethanol – which increases NOx and VOC emissions and at best gives back 1.5 times the energy required to make it – while essentially ignoring renewable diesel fuel, which could reduce NOx, VOC, PM, CO and Air Toxics emissions while giving back 3.5 times the energy required to produce it?

    When do we investigate the corn farmers who are reported (DOA in this morning’s WSJ) to be conspiring to plant 8% fewer acres this year? **Don Lando personally spoke this week with refiners who explained that ethanol is a foolish and unsustainable energy alternative that ultimately consumes more energy than it can provide

    Who formally thanked the refining industry for making fuels that decrease automotive pollution 99%?

    It seems to me that the all-seeing eye of US government is missing a few steps here. They should be handed a mirror before being allowed to place blame for what is essentially a socialist nightmare and the centralized regulatory destruction of our energy sector, independence and freedom.

    Write or call your congressmen and women and hold their feet to the fire with FACTS, not feelings. It’s easy to blame oil companies on account of their huge returns. But we must remember that the truly free market will always manage these intricacies better than a bunch of special-interest serving lawmakers.
     

    Post script: While Don Lando sees evidence that the oil companies are not primarily to blame for rising gasoline prices, he agrees that with less government intervention those companies should be willing and allowed to drill proven reserves without regard for flawed American foriegn policy decisions.

     
    • The Bruce 3:09 pm on April 2, 2008 Permalink | Log in to Reply

      I’ll be honest, The Bruce doesn’t quite know what to say. Don Lando has clearly baited him in bold text above. Can he exercise restraint and hold back the flood of free market rhetoric that’s sure to spew forth?

      Indeed, he cannot.

      “The natural effort of every individual to better his own condition … is so powerful, that it is alone, and without any assistance, not only capable of carrying on the society to wealth and prosperity, but of surmounting a hundred impertinent obstructions with which the folly of human laws too often encumbers its operations.”

      Adam Smith, The Wealth of Nations Book IV Chapter V Section IV

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