Once upon the time in America, back in the fourth quarter of 2007 a sweet and sour recession was clear in the air except for one giant institution "SilverWoman" and by no means I am referring to "Goldman". But having named Goldman Sachs, it comes to my mind how did they unleashed their Secrets 007s late 2007/early 2008 in all TVs, newsletters, emails and all other mass media claiming "Peak Oil" and the drying of most if not 49% of the Oil Wells in the OPEC producing countries starting with Saudi Arabia and naming specific wells' locations. Everyone from here to China and back was joining their very well synchronized plan: Oil will certainly reach US 200.00/250.00 by end of 2008.
I keep wondering till now, what happened during the first 7 months of 2008 (in full recession) which brought the oil price to $ 147.50 was there a great surge in oil demand regardless of the hundred of thousands of factories closure, bankruptcy, etc.. Or was there a great shortage in Supply? Neither one happened, are you sure?
Then 5 months later, Nymex went down to around $ 46.00 on Dec 24th 2008 wowww.... Is that speculation? Trading? Some on Main Street are convinced that it is a pure Legalized Criminal Theft. But hey Cacca Bello, it went even further down to $33.20 on Jan 15 2009. Gosh, from $147.50 to $33.20 in 6 months. Who did SHORT the Nymex from its high to its low and how many billions of US $ were cahsed in and secretly transferred to UBS in Switzerland? However, nervermind its history now and no one cares, isn't still a free market.
The New Musical:
I keep wondering till now, what happened during the first 7 months of 2008 (in full recession) which brought the oil price to $ 147.50 was there a great surge in oil demand regardless of the hundred of thousands of factories closure, bankruptcy, etc.. Or was there a great shortage in Supply? Neither one happened, are you sure?
Then 5 months later, Nymex went down to around $ 46.00 on Dec 24th 2008 wowww.... Is that speculation? Trading? Some on Main Street are convinced that it is a pure Legalized Criminal Theft. But hey Cacca Bello, it went even further down to $33.20 on Jan 15 2009. Gosh, from $147.50 to $33.20 in 6 months. Who did SHORT the Nymex from its high to its low and how many billions of US $ were cahsed in and secretly transferred to UBS in Switzerland? However, nervermind its history now and no one cares, isn't still a free market.
The New Musical:
"The Cost of a Barrel of Oil"
Every Oil Guru has agreed that the cost varies between US$48.00 and US$76.00 depends on the producing country.
Accordingly, being in the Monkey Business almost all my life I had some nightmares (by no means I was ever involved in the Oil Industry, but what I meant by "Monkey Business" is that I found myself in the way of all kind of genius crooks including and not limited to the cream of the white-collars scums in high ranking posts).
Thus, I was wondering and wondering then I kept on wondering again and again about the virtual cost I didn't pay for the imaginary Oil Well in my non-existent backyard. A quick calculation based on a 200,000 barrel a day gives me a yearly production of 52 Million Barrel/year after having shut it down every weekend so I can enjoy time with my family or a yearly production of 72.8 Mil barrel if I let it pumps out on Saturdays and Sundays. Wowww boy. After a thorough cost calculation I found out that each barrel of oil costs me:
Every Oil Guru has agreed that the cost varies between US$48.00 and US$76.00 depends on the producing country.
Accordingly, being in the Monkey Business almost all my life I had some nightmares (by no means I was ever involved in the Oil Industry, but what I meant by "Monkey Business" is that I found myself in the way of all kind of genius crooks including and not limited to the cream of the white-collars scums in high ranking posts).
Thus, I was wondering and wondering then I kept on wondering again and again about the virtual cost I didn't pay for the imaginary Oil Well in my non-existent backyard. A quick calculation based on a 200,000 barrel a day gives me a yearly production of 52 Million Barrel/year after having shut it down every weekend so I can enjoy time with my family or a yearly production of 72.8 Mil barrel if I let it pumps out on Saturdays and Sundays. Wowww boy. After a thorough cost calculation I found out that each barrel of oil costs me:
- Basic real actual/factual cost is US $ 0.943/brl; plus
- US $ 0.867/brl for direct overseas bribes and monkey business kinda part of the PR; plus
- US $ 0.569/brl for other forms of bribes/PR under the HLOGA
(Honest Leadership and Open Government Act) namely Lobbying Act; plus - US $ 0.231/brl for maintaining 2 girl friends (one on each US coast) for each executive officer in my oil company and there are not less than 150 high ranking Officers. Each GF in a US $ 4 Mil home plus a monthly reward of US$ 200,000.00; plus
- US $ 0.36/brl undisclosed secret Washington related expenses.
"...Oil should fall to between $4 and $10 a barrel..." by Mister R. Prechter, see http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aox.KsSOudpA
but who is that Mister Robert Prechter ( http://en.wikipedia.org/wiki/Robert_Prechter )
Sorry guys, bedtime, nanna
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