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Re: Oil to $60.....by January?
Gordo: You should run for Congress...
...and help push through that "sue OPEC" bill.
Finster, bart: Evidently Gordo is another unbeliever...doesn't realize that the way to get the oil price down is to get BB to cut the US$ money supply.
Originally posted by Gordo
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February is gone, to paraphrase the words ("Doug is gone") of a famous mountaineer,Rob Hall, high on Mt. Everest, when his climbing partner fell off the mountain. My March 70 oil puts are going to fall off the mountain, also.
I have thought of starting a new thread, how about "Oil to $60.... by June?", or maybe "Are Groppe and Littell past their peak (oil)?" or "How soon should OPEC be broken up?" but, like the tourist in Egypt after seeing his umpteenth temple who said he was "all templed out", I am all threaded out.
My hat is off to the Gold Bugs who have been right on about gold.
As for the Peaksters, who truly believe that OPEC has no more oil to produce, I am reminded of the hillbilly preacher who was convicted of some crime and sentenced to a Southern prison farm, with 10,000 acres of cotton.
His first day at the prison farm, the prison warden gave the preacher a sack and told him to go pick 50 pounds of cotton. The preacher said, "If the Lord is willing, I will get it." He came back with only 20 pounds of cotton and was beaten severely.
The second day, the warden gave the preacher a sack and told the him to pick 100 pounds of cotton and the preacher said, again, "If the Lord is willing, I will get it." He came back with only 50 pounds of cotton and was beaten even more severely.
The third day, the warden gave the preacher a sack and told him to pick 200 pounds of cotton and the preacher said, "If the sh_its out there, I'll get it."
A little more of the warden's attitude and less pusillanimous whining and begging, could do wonders for OPEC's production of oil.
In the meantime, I'm going to get behind my June 70 oil puts.
I have thought of starting a new thread, how about "Oil to $60.... by June?", or maybe "Are Groppe and Littell past their peak (oil)?" or "How soon should OPEC be broken up?" but, like the tourist in Egypt after seeing his umpteenth temple who said he was "all templed out", I am all threaded out.
My hat is off to the Gold Bugs who have been right on about gold.
As for the Peaksters, who truly believe that OPEC has no more oil to produce, I am reminded of the hillbilly preacher who was convicted of some crime and sentenced to a Southern prison farm, with 10,000 acres of cotton.
His first day at the prison farm, the prison warden gave the preacher a sack and told him to go pick 50 pounds of cotton. The preacher said, "If the Lord is willing, I will get it." He came back with only 20 pounds of cotton and was beaten severely.
The second day, the warden gave the preacher a sack and told the him to pick 100 pounds of cotton and the preacher said, again, "If the Lord is willing, I will get it." He came back with only 50 pounds of cotton and was beaten even more severely.
The third day, the warden gave the preacher a sack and told him to pick 200 pounds of cotton and the preacher said, "If the sh_its out there, I'll get it."
A little more of the warden's attitude and less pusillanimous whining and begging, could do wonders for OPEC's production of oil.
In the meantime, I'm going to get behind my June 70 oil puts.
...and help push through that "sue OPEC" bill.
Finster, bart: Evidently Gordo is another unbeliever...doesn't realize that the way to get the oil price down is to get BB to cut the US$ money supply.
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