Moon Kil Woong
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Stalking The Bear: Trouble In Transports [View article]
As for gold, I'm not sure how this fits into transports. We will see if it can leg up back to 1800 or not. If so, maybe inflation is more the cause for the rally than real creation of value or wealth. I certainly wouldn't listen to official government numbers on this. According to them there has been scant inflation since 2008 even though education is up double digits, gas is up over double digits, food is up over double digits, HMO premiums are up over double digits, and on and on. You get the picture. Are we really doing better or are we just paying more. Certainly what is not up double digits is salaries save some paid by Washington DC.
Big Change in Brent Oil Backwardation [View article]
Is Speculation Really the Reason for High Oil and Gas Prices? [View article]
However, the rise in gasoline prices that are outpacing oil price rises are opportunism. Oil should not be at $4 a gallon at around $100 prices. They were there at $140 prices last time. The difference is lining the pockets of someone at the expense of the consumers and the economy.
Why I'm Daring to Disagree With Goldman's Call on Energy [View article]
As for CNBC's long argument Saudi Arabia will need more oil for A/C in summer that's silly. The US uses over 18 million barrels a day. Saudi Arabia uses about 2 million and obviously will up supply if they need it domestically. There is no pumping agreement for domestic use, OPEC's caps are on exported oil only.
Will Central Banks Accommodate the Oil Price Shock? [View article]
The issue about oil isn't about shortage, its about too many dollars chasing the same amount of goods and services. Rather than stimulating real growth and more goods and services we are just paying more for the same or less of everything. Even Saudi Arabia said the same thing. There is no need to increase oil supply because there is no increase in demand right now. Or another words, America its your own fault you are destroying your currency.