Oil Projects Cancelled, ‘Rippling’ Layoffs and Defaults: “Money to Fund the Drilling Boom is Drying Up”

by | Jan 8, 2015 | Aftermath, Commodities, Forecasting | 269 comments

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    Falling oil prices have been hammering the energy sector and crimping the one part of the American economy that was actually expanding. Instead, that momentum is shifting towards rapid market contraction and possible collapse.

    The sustained drop in oil prices is not only hitting Russia and vulnerable OPEC nations, it is hitting domestic projects here at home as well.

    As Michael Snyder warned in December, the potential for falling oil prices to topple the fragile house of cards on Wall Street is enormous, particularly with the massive derivatives placed in the energy and commodities markets.

    Wolf Richter, financial guru and CEO of Wolf Street Corp. is warning about the oil bust happening now.

    Layoffs are taking place, future drilling and explorations are being canceled or put on hold, and investment money to finance new production sites is drying up, or becoming much more expensive:

    Drilling for oil these days is all about endless amounts of no-questions-asked cheap money. And now, as the price of oil plunges relentlessly, the cheap money is drying up faster than ceiling paint.

    WTI traded at $46.90 Tuesday evening. Down 56% from June. At these prices, the entire North American oil equation is out of whack, regardless of what Wall Street is telling investors to bamboozle them into surrendering more of their money cheaply in order to keep the house of cards from collapsing. But it seems, investors are catching on.

    After dousing energy companies with super-cheap money for years in a Fed-designed drunken stupor, investors came out of it in the second half of 2014. All heck has since broken loose. Energy stocks, particularly of smaller exploration and production companies, are crashing. Energy junk-bond yields – and spreads over US Treasuries – are spiking beautifully to the highest level since the Financial Crisis (chart).

    And new money, the fuel required to keep the mirage going, has suddenly become scarcer and a lot more expensive. With funding uncertain and oil prices collapsing, capital expenditures are getting slashed, and it’s beginning to show up in the Baker Hughes rig count. Rigs drilling for oil and gas in Canada have plunged 64% in five weeks, from 438 rigs on November 26 to 156 by January 2. Canada is shutting down its drilling operations.

    The effects on the stock market and Wall Street are as inevitable as any game of musical chairs… just wait for the music to stop:

    There are suddenly fewer investors willing to stick their heads out, and those that are willing, won’t stick their heads out quite as far, and they’re asking for more yield to be compensated for the risk.

    […]

    Wall Street and the oil boom are joined at the hip. Years of ceaseless and extraordinary hype brought in piles of new money from investors driven to sheer madness by the pandemic of central-bank zero-interest-rate policies. It forced even pension funds into high-risk deals to make up for the lack of yield on conservative investments. It kept the boom going for years. The likelihood that the price of oil could ever plunge, as it had done periodically in the past, never entered into the equation because central banks, with their ingenious policies, had eliminated all forms of risk.

    Investors in these risk-free investments are learning that some of their capital has already gone up in smoke, and that more of it will go up in smoke.A sense of reality is setting in. Money to fund what is left of the drilling boom is drying up and getting a lot more expensive.And the consequences are spilling into other sectors of the economy.

    All that worry for 2015, ready to set in, once the energy hit seeps into the rest of the economy.

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      269 Comments

      1. PO'd Patriot

        Yeah, I’ll admit I’ve been enjoying these fuel prices especially when it costs less to fill the work truck. But it does have its down side. There’s always consequences it seems. These prices that have fallen have another angle to it. You hardly think that they have let them get this low because they really like us do you?

        • wrong

          Ditto on the work truck fill up. Under 45 bucks to fill the truck feels dirt cheap. I don’t expect it to last though.

          • WhoWuddaThunkIt

            Yes this is Good for the Regular Joe Consumer.
            HERE IS THE SPIN:
            What pisses me off are these politicians that come out and say, “This is like a Tax Cut that will put $1000 more in consumers hands this years.”
            Like they had something to DO IN helping in reduced gas prices. NO THIS IS “NOT” LIKE A TAX CUT!!! This is the UNRAVELING of the Energy SCAM that was placed on Americans and the World from the 9-11 SCAM and Bush and Chenney’s Energy SCAM POLICY to increase demand. TO JACK UP THE PRICES AT THE PUMP. What we are seeing here now is FREE Market pricing and SUPPLY & DEMAND in action, Yes Manipulation by the SAUDI’s by dumping more cheap oil into the markets, but FREE Market Pricing.

            Here is what one Market Expert Said:
            Rob Kirby: “What this breakdown in the crude oil price is going to spawn another financial crisis. It will be tied to the junk debt that has been issued to finance the shale oil plays in North America. It is reported to be in the area of half a trillion dollars worth of junk debt that is held largely on the books of large financial institutions in the western world. When these bonds start to fail, they will jeopardize the future of these financial institutions. I do believe that will be the signal for the Fed to come riding to the rescue with QE4. I also think QE4 is likely going to be accompanied by “”bank bail-ins”” because we all know all western world countries have adopted bail-in legislation in their most recent budgets. The financial elites are engineering the excuse for their next round of money printing . . . and they will be confiscating money out of savings accounts and pension accounts. That’s what I think is coming in the very near future.”

            **Note BANK BAIL IN’S- Means your money in any Bank is not really your money. I have been saying this for weeks. anybody who keeps his money into a Bank is a Fool. At least take it out or move it to a credit union or go buy up some silver and keep those metals in your physical possession. Do Not store Gold or any other Valuables in any Bank Safety Deposit Box. The Banks may lock the doors and you will no longer have access to your valuables. Rather move your valuables to your “Bank of Home Mattress” or “Bank of Buried in PVC Tubes in the Back Yard.”

            • watash

              AMEN !!!

            • Anonymous

              Basically, we are in the throes of the “Bumpy Road” phase of Peak Oil, where oil prices rise then crash, up and down, until finally, its too expensive to drill and we hit rock bottom.

              Then comes what Peak Oil Experts call “the Big Die Off” (starvation time). Damn it! Just lost my car and all my supplies are up North… not doing too good! 🙁

              • Anonymous

                Please see latest article at “Unrepentant Cowboy” about Peak Oil. (What’s ahead in 2015).

                • durango kidd

                  Summer will be a great time to buy oil ground and undrilled leases in good locations. Permitting is usually a two year process anyway.

                  I have been running at half a tank buying just what was necessary above that to use while prices dropped, but I had to top off my tank off with $1.84 a gallon gas. 🙂

                  • durango kidd

                    BTW: The solution to the cheap oil and financial crisis is for the US Government to peg all oil produced in the USA at $70 a barrel until prices rise to or above that level, to keep all of these rigs running, drill new wells, stabilize the financial markets, and achieve energy independence within the United States.

                    No exports would be allowed.

                    This would replace the 38% of oil we have been importing at $100, with oil & gas produced within the United States at $70 a barrel. That would be a price low enough to support economic growth within our borders and high enough to encourage new drilling.

                    Europe and Japan can buy the cheaper Saudi Oil to help their failing economies. And Russia? Putin can piss into the wind. Who would have thunk it? Me. 🙂

                    • possee

                      Well you’ve got to hand it to the speculators

                      no..

                      or maybe

                      a myriad of alphabet(and other such no name non existent entities on a global scale) who control and manipulate the entire process.

                      yes that’s it

                      conjecture?

                      possee

                    • yourmotherwaswrong

                      the durango kidd says:

                      “BTW: The solution to the cheap oil and financial crisis is for the US Government to peg all oil produced in the USA at $70 a barrel.”

                      Free market economics does not suffer “price fixing” DK!

                      Socialist economies do!!

                      You are obviously a socialist!!!

                    • durango kidd

                      YMWW: Oil & gas is not a “free market” and hasn’t been since at least 1973 and there is NO good reason to allow Saudi Princes to dictate the price; particularly when it is not in the long term interests of the America people.

                      Wrong again!!! LMAO!!! 🙂

              • WhoWuddaThunkIt

                I would debate, that high oil price manipulation may try to make us all think we are at peak oil. But when the Saudi’s dump oil onto the market and the price crashes to nothing, just reflects there is no such thing as Peak oil or to think we have a oil crisis. The Fear of Peak oil allows the manipulators to rape the consumers financially, because they keep us living in fear that we are running out, and so we are glad to pay at any price or whatever to get oil. Peak Oil is a Marketing Ploy to fleece consumers. Its like when a retailer states in an addvertisement “LIMITED SUPPLY” or “ONLY 2 MAXIMUM’ it’s all about marketing – We probably have 10,000 years left of oil.

                  • Pissed Off Granny

                    WWTI:

                    Your last two sentences state “Just stand out of the way and let them have at it. It is Gods way of flushing all the shit out of the world”.

                    These are YOUR own words WWTI. Now you have stated over and over that you have no belief in GOD. That we believers are idiots.

                    So, you cannot post your attacks on believers and then post, in your own words…”It is Gods way”…

                    Want to explain????

                    • Pissed Off Granny

                      BTW, WWTI, you have stated that you and Lucy the 1/2 ape, 1/2 human are from the same ooze so who is this GOD you speak of in your post?

                      Must be your God of OOZE. Yes/No?

            • TheGuy

              Right, a tax cut is something you do on purpose.

              You don’t just trip over a magic carton of gold bricks and claim generosity. No, that analogy is flawed… Joe doesn’t just trip over a carton of gold bricks and then you claim that you deliberately gave the gold bricks to Joe… that’s more accurate.

              Anyway from what I read elsewhere, by June it won’t make any difference. Russia refused to cut, so the rest of Opec was forced to follow suit somehow (market forces, not political pressure). Come June this all gets re-assessed by Opec anyway (assuming it even lasts that long, which I doubt).

              It’ll be sitting there $2.50 $2.50 $2.50 – BLAM $5.30!

              Watch. Think this is painful? Imagine all the poor folks that can now actually drive to some kind of a job… then blam.

              Although, at this point, with Obamacare acting as this giant “stay in poverty or we’ll whack you on the head financially so hard you won’t be able to breathe” dis-incentive to working… meh? Maybe not all that many people are gonna be looking for work anyway.

            • Walter

              Who woulda but couldnta thunk it,

              You are so balls deep in ignorance that other folks on here are embarrassed for you. That’s why you get all the down votes. You fly off the handle and jump up and down like Yosemite Sam but your facts are comic book stuff. You don’t know what you are talking about and are parroting what some dickwad wrote in a book that you ate up without checking to see if it was factual. Typical raving lunatic.

              • WhoWuddaThunkIt

                Lots of facts there Walnut Walter. How about you post your refute “BACKED WITH FACTS” otherwise F-Off Walnut W.!! I take red thumbs as a badge of honor confirming there are a host of ignorant dolts who never look up any facts just post their drivel rattle shaking.

            • Anonymous

              WWHTI

              Gasoline was 1.80 per gallon when Bush left office. You are lying about him jacking up the price. Your boyfriend Obama is the one who has allowed it to get to astronomical highs.

              You’re an ignorant hate-filled putz of a little man….

              • WhoWuddaThunkIt

                Anon, I hope you like Facts, Well here are the Facts: GO TO:
                http://www.gasbuddy.com/gb_retail_price_chart.aspx

                Click on the 11 year chart of historical Gas Prices. The price of Gas peaked at $4.10 in July 2008, and they manipulated the priced downward for the 2008 Election which it was then at: $1.65, even below your $1.80. Look at the ski slope downward to play into the 2008 election. So once again, I have the facts, you have nothing or just a snapshot full of your drivel drool. You can’t fix stupid or ignorance, the facts prevail and confirm my statement at accurate. WWTI.

            • Skeptik

              Gasoline was 1.80 /gal when Bush left office. While you have been under your boyfriend Obama, Gas has gone to nearly 5.00/gal at times. It has come down due to world oversupply, not anything that your sweetheart Obama has done, but in spite of him.
              You live in a bubble of nonsense.

          • SterlingSilver

            This is being engineered as a way to pull the public to the side of central government price controls for oil because obviously the fair market of pricing based on supply and demand has caused havoc and wrecked the economy. They’ll sell this story and hijack the domestic oil production industry into the hands of the state owned communist regime that has seized Washington.

            • Ed

              I work in the oil industry doing new well sites. So far there is no reduction in projects yet. We are working 60-80 hours per week. Even a 50% reduction in work wont mean we lose our jobs. Just less income. The oil business is very profitable. We can withstand even $40 per barrel oil.
              However the people who wont survive it are the Fed, State and local governments who have already spent their expected earnings on $100 oil well into the future. They are already after us to pay more tax when they already get 50% of out sales right off the top before income taxes.

              • TnAndy

                Uh, Ed…..BS.

                The Saudi’s cost of production is under 20/barrel. What’s the cost of production on shale oil ? 50 ? 75 ? Probably more…they’ve been using a lot of cash from junk bond sales to try to out drill the depletion rate.

                There won’t be one drill rig left standing if SA keeps this up…and I think that is their intent…to bust the US oil drilling business.

                You might be working today, but you better have a plan B in mind for the future.

                • Oil Patch

                  My business manufactures drilling rigs.

                  No canceled orders and my inquiries to buyers indicate there will be none.

                  We currently have orders enough to last us 2-1/2 years. Then we’ll see.

                  Regards,
                  OP

                  • old70

                    orders could be canceled in less than five minutes I hope not but it has happened.

                    • old70

                      get a neg because idiots don’t believe that companies can cancel an order, where do these people come from?

                    • Atlas

                      Or perhaps you got a neg for the attitude of calling people “idiots” for disagreeing????!!

                      Glad you have read every contract out there so you know the terms. Lol

                    • Ed

                      We invested 30 million in 3 production wells, SWD and LACT units and a disposal well. At $80 oil our investment was paid off in just over 6 months. $40 oil will pay off in a year. No biggie. The cost wasn’t in the equipment or the drilling. It was in the getting the lease rights. Most leases have already been issued so the drilling will keep going.

                  • WhoWuddaThunkIt

                    Correct Oil Patch. Thanks for the update and facts. Once contracts are signed, there are performance agreements. And in many cases financial penalties for cancelling. So the contracts in place just keep getting worked on. The ignorant haters on this board don’t know jackshit about business or contracts as they sit in their shacks huddled around their wood heaters eating hotdogs and spam.

                    • old70

                      contracts are made to be broken and that’s all part of doing business, contracts can be broken with oil companies just the same as they can be broken with air lines and steel mills.

                    • old70

                      is the best you do for your guests, is set them by a wood stove and give them a hot dog, not even any kool aid.

              • XTP

                I work for a company that makes “frack sand”, we ain’t selling shit right now, just had a partial layoff, expect more by the end of this week

                • WhoWuddaThunkIt

                  XRP – Fracking Sand is a byproduct and you are in the oil food chain. The drillers may have a lot of supply left in their stock piles. So they are smart not to buy as you will need to lower your prices. When you hit bottom they will buy your sand. Maybe you can sell eppe some sand for his kiddy sandbox.

              • joe in iowa

                Just signed an agreement to sell in Richie Co. W.VA. Think this will affect the sale?

              • WhoWuddaThunkIt

                You are correct ED. Thanks for the info on the ground. Most Oils drilling projects don’t stop just cause Oil Prices crash. A lot of these drilling operations are designed under performance contracts, and they will keep working on these projects until the drilling operation is completed. What may not happen is future un-worked projects put on hold. If a project is say less than 10% complete they may stop the project. Many projects are more than 50% complete so they will continue to work on them until they produce oil shale, then they may slow down actual oil production. I suggest keep on working as much as you can as these projects before then begin to slow down.

                ED – Don’t pay attention to the ignoramouses haters on this site as they will argue posted facts, even if it slaps them in the face. I could name names, but just let their ignorant posts speak for themselves.

            • The Old Coach

              Low Information Poster.

              • 3rdown110yds2go

                @ Old Coach …..

                I can’t seem to make any sense of what ” Ed ” is saying…The only thing I can figure out is that his company also supplies ” Free Drugs ” for on the job usage !!!

                Do The Math !!! Hell….try using your head for something other a place to store your Hard Hat !!! DDDDDDDAAAAAAAAMMMMMMMNNNNNNN !!!

                • durango kidd

                  Once the well is drilled operating costs are about $20 a barrel. $40 a barrel price is a good profit, even after taxes. 🙂

                  • TnAndy

                    Once the well is drilled…..

                    What the rate of depletion on a fracked well compared to a convention oil field ? I read about 50% drop, on average, by the end of a year. That means near constant drilling to keep up production.

                    So, once the well is drilled…..and paid for…..the output cuts in half….

                    • durango kidd

                      TNAndy: Agreed and there are costs for that drilling. My point is that the wells that are already drilled will keep pumping.

                      The NPV of any well will depend upon variables we cannot identify here, including the specifics of a particular field; not the least of which would be the likely volume of recoverable oil and condensate from a particular zone. 🙂

                    • landman

                      I am a Petroleum Landman in Louisiana. I can tell you for sure over half of our office has been laid off over the past 5 days. Most of our projects consist of going into older fields with new drilling technology ( horizontal fracking). The 30 or so people laid off were making an average of 85k a year. This income is not replaceable. So I believe this will definitely affect the economy. An yes, horizontal wells depleat 10-15 times faster than a conventional well. For a company to maintain production alternate unit wells must be drilled. What I’m seeing is as long as these companies can maintain their leasehold, they will put off drilling until market prices return to a better profit.

                    • WhoWuddaThunkIt

                      The cost to drill for a Barrel of oil ranges from $2-4 Dollars in Saudi Arabia to $80+ in other places. All this does is, shakes out the weak players or where higher costs take place to produce oil.. Banks who lent the weak players money for their drilling operation will also get hit as they driller defaults on their interest payments. Its the Balls in a Vise squeeze factor designed by the Saudi’s. The same people that attacked New York on 9-11 and the same Bush Family kissing Cousins.

            • durango kidd

              Sterling Silver: A “fair market” doesn’t exist anywhere in anything. All markets are manipulated and controlled by someone; and we complain and demand reform when it comes to our metals..

              The Saudis have hijacked the oil & gas market which is a strategic global commodity required for lubricating economies and sustaining the livelihoods of billions of people across the globe.

              Should a few hundred Saudi Princes be allowed to destroy the economies of the world and the lives of billions of people dependent upon a functioning national economy?

              I don’t think so.

              If the USA were withholding food such that billions of people around the world were starving, to prop UP the price of food to the point where few could buy it for the sole benefit of a few multinationals; would that be justifiable?

              I don’t think so.

              The principle is the same whether we are talking about fake food shortages or a manufactured oil glut. Any massive disruption of national economies by the actions of a few in any one particular country is WAR, plain and simple.

              Key markets have always been “regulated” (read manipulated) to maintain order and a healthy balance where both consumers and capitalists can benefit within set guidelines.

              OPEC first attacked US by with holding oil from US back in ’73. Now they are attacking US by overwhelming US with their oil & gas. There is enough profit at $70-$80 a barrel for all consumers and all producers to benefit in an “orderly market”.

              The lives, welfare, and prosperity of a few hundred Saudi Princes do not outweigh the lives, welfare, and prosperity of 7 billion people across the globe. This act of war by Saudi Arabia justifies the American government to peg the price of oil & gas at $70 a barrel for production and consumption within the United States.

              Death to OPEC!!! Death to the New World Order!!! 🙂

              • WhoWuddaThunkIt

                SPOT ON DURRANGO!!! Its is a Oil Mafia Cartel.

                • landman

                  Another thing to consider is this. The U.S. is one of the only countries where private citizens own the minerals under there property. In Saudi Arabia, et al the government ownes the minerals. Saudi Arabia can go anywhere and drill at will without any type of negotiation with a land owner/mineral owner. In the US if an oil company wants to drill a well in a specific area they first have to hire a land services company. They have to pay that company on average $450 per day per Landman working on the project. Each Landman has to research the title to each tract that will be included in the proposed unit to see who the mineral owner may be. This could take weeks for every tract that will be included in each unit. Then once the mineral owner is identified the Landman has to negotiate a per acre price to gain the drilling rights for that tract. The average going rate paid to the mineral owner is anywhere from $450-$1000 dollars per acre plus a twenty-five percent (1/4) royalty. Your average unit size is 640 acres. So before the U.S. oil company has even drilled the well they are out of pocket millions of dollars and they have 75% to work with less expenses. To put this into perspective I was buying leases 10 yrs ago for $75 dollars an acre and the land/mineral owner was receiving a royalty of 1/8-1/6. The U.S. oil companies do not own the drilling rig. They have to hire a drilling company to bring their rig to the drill site ($150,000-250,00)
                  Per day to drill the horizontal well. After the well has been drilled they have to hire a fracking company (Halliburton, et al) to complete/frack the well for the same amount per day as the drilling company. The average 8,000-10,000 foot deep well takes about 45-60 days to complete. All this money and they are not even sure if it will be a good well. The definition of a good well means that it will pay for itself or break even within 2 years. That’s a very big gamble. I’m in the business and there nothing worse than some idiot who thinks he has a clue what he/she is talking about. OPEC can drill a bad well for next to nothing…zero risk. If we (US Oil Companies) drill a bad well it costs millions upon millions of dollars. Yes, US Oil Companies love higher oil prices because it equals higher profits but they do not have the power to manipulate the price of oil. If they did oil would be at $200+ per bbl. not under $50.

          • WhoWuddaThunkIt

            Yesterday on CNBC they said that December 2017 Oil futures are selling at $65 range a Barrel. So NO $100 Oil for at least a few years, as promoted by the shills like Loony Boone Pickins.

            Of course unless TP2B Psychopaths, bombs the Saudi oil fields to prop up oil.

        • Nobama

          Most people are celebrating the low cost of fuel, and the news media talking heads are not even mentioning the reasons behind it.

          Most people are ignorant, just happy that they can spend their gas savings on more lattes and cappuccinos, completely ignorant of the evil Saudi scheme.

          They don’t realize the job losses that will hit the US economy hard, and soon, only to be followed by the sharp increase in fuel prices once OPEC moves their game chips to phase two, to hit the economy even harder once it is down. A one-two punch, only on a very grand scale.

          This one is going to end catastrophic.

        • Acid Etch

          FUCK THE KEYSTONE PIPELINE. WE NEED TO GET THE POPULATION SIZE UNDER CONTROL. THE EARTH IS DYING WHILE YOU FUCKING OLD REPUBLICAN ASSHOLES BITCH ABOUT YOUR GUZZLING SUV BILLS. MORE AND MORE GOES TO THE 2%. MORE AND MORE PEOPLE FIGHTING OVER LESS AND LESS. PRETTY MUCH EVERY FUCKING PROBLEM WE HAVE CAN BE TRACED TO THE FACT THAT THERE ARE TOO MANY FUCKING PEOPLE IN THE WORLD.

          • Anonymous

            Asshole Etch,
            you are right, there are too many people on this earth, so do ahead, off yourself and save us all from the “gas” coming out of both of you mouth/ass!

            • the renegade braveheart

              Anon, tell him, tell him!

              • Anonymous

                Braveheart,

                Please keep your 9 year old way of thinking out of this.

          • PWYPreach

            Yell much?

            • Skeptik

              Ass It Itch …..

          • the renegade braveheart

            Acid, yes, there’s too many POS like you in the world, so go start with yourself.

          • watash

            There are currently about 7,216,596,999 people on earth.
            The total area of our 49th largest state is 2,026 square miles.

            It would take 2330 square miles to place everyone
            into a square yard of area.

            Everyone on earth could fit into an area slightly larger than Delaware.

            Seems to me that leaves an awful lot of land area.
            Im not sure your “too many people” argument is valid.

            • Angry Old White Guy

              According to recent figures from the USDA, 51% of all land in the US is devoted to agriculture.

            • Ron Ahrens

              Of course with that insanity and ignorant line of reasoning you forgot to mention the amount of land and resources necessary to feed, house, cloth, and give those 7 BILLION chemically altered toxic dumps a comfortable pollution and toxic free life. 50% of our species have disappeared in the the last Century, and idiots like you are using completely insane reasoning and bizarre stats to justify this human virus destroying the earth and other species. Your level of ignorance is on par with most of the dumbed down brain dead chemically altered HYBRID human Zombies on this site.

          • TnAndy

            Acid: Simply lead by example, bud ! Your death would probably inspire millions to follow.

          • XTP

            We should start by eliminating you, Acid Bitch

          • islander

            well then acid , how about you get the ball rolling by jumping off a cliff and be sure to take a bunch of your like minded population control lemmings with you . thanks

          • Smokey

            Lead the way, Acid Wretch. Others will follow.

          • Jim in Va.

            Just the gas from you Acid could fuel us for years. FU from an old person!

          • reality

            off your meds again?

          • PO'd Patriot

            You suppose to be a self proclaimed Karate expert? Why don’t you Kung FU yourself “grasshopper”!

            • Acid Etch

              Self-proclaimed???? I HAVE THREE BLACK BELTS PLUS INNUMERABLE HOURS OF SELF LEAD STUDY IN OTHER SYLES.

              FUCK OFF, IDIOT.

              • PO'd Patriot

                Woooooooooooo…….

                • PO'd Patriot

                  Like I said self proclaimed…..

              • Jim in Va.

                Acid; Why don’t you make a noose out of those black belts and put them to real use?

                • WhoWuddaThunkIt

                  Jim in VA- I’ll give you $100 and dare you to say that to Acids Face directly. Then watch him pound you in the ground like a nail. It would be worth it just for the laugh.

                  • Jim in Va.

                    WWTI..This ole man would embarras Acid by kickin his young ass. He disses everybody regardless of gender, ethnicity religion or politics. I doubt seriously he even knows karate or any other skill he brags about. Hot air is all he is.

                    • the renegade braveheart

                      Jim in VA, I could also run circles around acid. he blows enough hot air to heat up my home for life.

          • TEST

            You are a classic Malthusian, Acid. You need to review the Julian Simon/Paul Ehrlich bet, who won, and why. You can easily google it. Rev. Malthus wrote 200 some years ago, and he has always been proven wrong.

          • BJ

            14 idiots actually took the time and energy to post a gripe back to acid. Wow.

            • PO'd Patriot

              And another idiot took the time to count the 14.

              • PO'd Patriot

                ….and post it.

                • BJ

                  Most of his posts are to get a reaction that you and others are all too happy to give him. I find it kind of entertaining.

                  • PO'd Patriot

                    LOL

                  • WhoWuddaThunkIt

                    I like Acids Posts, His content is mostly right. He just likes to inject his rage and Passion. In SHTF, I would rather have a warrior like Acid on my team kicking ass, than most of the jackass Pu$$ys here drooling meaningless drivel and sucking on their red thumbs. Keep Posting Acid. It helps draw out the keyboard cowards.

                    • PO'd Patriot

                      WWTI, keep him! Just keep your hens AND Roosters outta his reach. Sumtin’ in the milk ain’t clean ’bout that boy.

            • anonymous

              BJ, it’s not a good idea to throw stones at a glass house.

              • WhoWuddaThunkIt

                When ignoramouses that post under Anonymous, that means they are little sissys swinging like a girly, afraid to show their faces and hide behind their sissy coward masks. Try that in SHTF and your inside mask will be bloodied by a leaky nose bleed. Man-up and stop being cowards.

          • Old Cop

            Even Old Cop would rather be heckled by BJ and BraveHeart than see Acid rants:-)

          • Lost In The C.R.C

            @ AcidEtch, not saying you’re wrong, So who’s going to volunteer to become Soylent Green first? What?…Nobody…Damn, I guess that means WW3 is still on…

            Look, everyone knows the global ruling elite are extracting REAL wealth by manipulation of resources under fiat wealth policies, that’s where the dog and the tail meet. So until us lowly working class Peasants can establish labor at a value that is not skewed by permeation of unskilled labor forces (Too many people competing for too few jobs,) combined with one-sided labor negotiations that favor corporations over people, and by skewed government policy, we continue to get the shaft while the ruling class gets the goldmine (Goldman?) 😉 …hence the reason to prep, form teams, and kill first or be killed. That is the elephant in the room everybody is staring at, and saying nothing about…sux

          • WhoWuddaThunkIt

            You are right Acid. Keystone is a scam. The dirtiest sand oil from Canada to be pumped to Texas for refining and then the oil /Gas shipped to China. Cheap oil puts a hold on Keystone. Just ignore the Haters on here.

            If that oil was meant for the US consumers, they would end the XL Pipe line in Oklahoma, not the ports of Texas. Take the ignorant red Thumbs as a Badge of Honor. They are the 97% that will die first in SHTF, cause they live in their rattle shaking fantasy world.

            • sharonsj

              The Canadian owners of Keystone testified before Congress that the refined oil was meant to be sold to China and India. Not exactly energy independence for America, is it?

              Oh, and the politicians are lying about the number of jobs too. After the pipeline is built, there will be a minimum of 20 permanent jobs, maybe 30 if you’re lucky, and there is no information on whether or not any of those jobs go to Americans.

          • nutter

            Acid, was funny how libs dissed Mars One but now that NASA plans manned to Mars, its somehow sensible. The world can carry many more people. And humans can colonize space.

        • possee

          Well you’ve got to hand it to the speculators

          no..

          or maybe

          a myriad of alphabet(and other such no name non existent entities on a global scale) who control and manipulate the entire process.

          yes that’s it

          conjecture?

          possee

      2. Rodster

        The problem we are now in, is that we’ve run out of cheap oil. It now cost more money and energy to produce less quality oil. The predicament is that the price of oil rose to levels where it was too expensive for people to buy it and maintain an economy built around cheap oil. There are 10 calories of oil for every calorie we consume. So oil is virtually linked to every product made.

        When the price of oil goes too low, the producers go bankrupt as well as governments who fund their entitlements from their oil exports.

        • WhoWuddaThunkIt

          Rodster. Did you get your Financial Data Info off of a Fruit Loop Box? You have No idea what you are talking about. I would not even know where to begin to try and educate you up to speed. Try Going back and start again at about the 2nd Grade re oil and pricing.

          But hey Rodster is a good example and insight at the Mentality of America we are living in these days. Helpless and Clueless.

          • Rodster

            Oh really, wages have gone down across the board, most jobs are now part time, 48 million are on food stamps or govt assitance, 103 million are no longer employed, food prices have gone up because of higher fuel costs. What kind of altered reality planet do you fucking live on? Please spare me your economic theories as you sound like a dumbass.

            • WhoWuddaThunkIt

              Rodster you just got another raise. Min Wage Raise. bwhahahahahaha

        • The Old Coach

          ANOTHER Low Information Poster.

          • durango kidd

            Rodster: “There are 10 calories of oil for every calorie we consume.”

            Maybe. Maybe you should stop eating the edible plastic that poses as hamburger from Taco Bell. 🙂

            BTW folks Chongqing China is a city of 36 million people, which is comparable to all of the people in California. Many of their first tier cities are 15 million strong, or more.

            Could you imagine living down river from that? Yes there are too many people in the world, and they are mostly clustered together like an ant colony. 🙁

        • 3rdown110yds2go

          @ Rodster…

          One More Time Folks !!!

          ” You Can Ignore Reality…….But You Cannot
          Ignore The Consequences Of Ignoring Reality ”

          Ayn Rand

          We have arrived at the point of Consequences…

          I said that !!!

          • KY Mom

            Obama unleashes 300 Regulations In First WEEK Of Year…

            “Rules having to do with energy, environment, public lands and agriculture make up the largest share of new regulations. Included in these new rules are proposed EPA air quality standards for lead, reforming coal and oil leases on Indian lands and adjustments for the total amount of fish people can catch off Alaska’s coast.”

            http://dailycaller.com/2015/01/08/obama-admin-unleashes-300-regulations-in-the-first-week-of-2015/

      3. JoeRepublic

        Unintended consequences? Things going out of control? Not a chance, this is completely controlled. I certainly hope nobody thinks this is anything other than deliberate. Looking for reasons? The reasons are quite abundant, from hurting Putin to floating a broke ass dollar.

        I keep hearing how this somehow hurts the dollar. Sorry, not in the short term anyway. This makes the dollar look more attractive. It keeps a piece of shit, over printed, rag fiat currency floating and appearing more secure in that your paper buys more oil. Dollars are oil and oil is dollars, which breathes a little more life into the petrodollar, even though it may be a dying breath.

        As for the final outcome, you should’ve already been ready for financial ruin to hit quite some time ago. We all know the day of reckoning isn’t that far off and if you don’t, good luck with that.

        • WhoWuddaThunkIt

          This is another cover-up to prop up and make the dollar and the stock market look more attractive.

          11 Predictions Of Economic Disaster In 2015 From Top Experts All Over The Globe
          By Michael Snyder, on January 4th, 2015

          Will 2015 be a year of financial crashes, economic chaos and the start of the next great worldwide depression? Over the past couple of years, we have all watched as global financial bubbles have gotten larger and larger. Despite predictions that they could burst at any time, they have just continued to expand. But just like we witnessed in 2001 and 2008, all financial bubbles come to an end at some point, and when they do implode the pain can be extreme. Personally, I am entirely convinced that the financial markets are more primed for a financial collapse now than they have been at any other time since the last crisis happened nearly seven years ago. And I am certainly not alone. At this point, the warning cries have become a deafening roar as a whole host of prominent voices have stepped forward to sound the alarm. The following are 11 predictions of economic disaster in 2015 from top experts all over the globe…

          #1 Bill Fleckenstein: “They are trying to make the stock market go up and drag the economy along with it. It’s not going to work. There’s going to be a big accident. When people realize that it’s all a charade, the dollar will tank, the stock market will tank, and hopefully bond markets will tank. Gold will rally in that period of time because it’s done what it’s done because people have assumed complete infallibility on the part of the central bankers.”

          #2 John Ficenec: “In the US, Professor Robert Shiller’s cyclically adjusted price earnings ratio – or Shiller CAPE – for the S&P 500 is currently at 27.2, some 64pc above the historic average of 16.6. On only three occasions since 1882 has it been higher – in 1929, 2000 and 2007.”

          #3 Ambrose Evans-Pritchard, one of the most respected economic journalists on the entire planet: “The eurozone will be in deflation by February, forlornly trying to ignite its damp wood by rubbing stones. Real interest rates will ratchet higher. The debt load will continue to rise at a faster pace than nominal GDP across Club Med. The region will sink deeper into a compound interest trap.”

          #4 The Jerome Levy Forecasting Center, which correctly predicted the bursting of the subprime mortgage bubble in 2007: “Clearly the direction of most of the recent global economic news suggests movement toward a 2015 downturn.”

          #5 Paul Craig Roberts: “At any time the Western house of cards could collapse. It (the financial system) is a house of cards. There are no economic fundamentals that support stock prices — the Dow Jones. There are no economic fundamentals that support the strong dollar…”

          #6 David Tice: “I have the same kind of feel in ’98 and ’99; also ’05 and ’06. This is going to end badly. I have every confidence in the world.”

          #7 Liz Capo McCormick and Susanne Walker: “Get ready for a disastrous year for U.S. government bonds. That’s the message forecasters on Wall Street are sending.”

          #8 Phoenix Capital Research: “Just about everything will be hit as well. Most of the ‘recovery’ of the last five years has been fueled by cheap borrowed Dollars. Now that the US Dollar has broken out of a multi-year range, you’re going to see more and more ‘risk assets’ (read: projects or investments fueled by borrowed Dollars) blow up. Oil is just the beginning, not a standalone story.

          If things really pick up steam, there’s over $9 TRILLION worth of potential explosions waiting in the wings. Imagine if the entire economies of both Germany and Japan exploded and you’ve got a decent idea of the size of the potential impact on the financial system.”

          #9 Rob Kirby: “What this breakdown in the crude oil price is going to spawn another financial crisis. It will be tied to the junk debt that has been issued to finance the shale oil plays in North America. It is reported to be in the area of half a trillion dollars worth of junk debt that is held largely on the books of large financial institutions in the western world. When these bonds start to fail, they will jeopardize the future of these financial institutions. I do believe that will be the signal for the Fed to come riding to the rescue with QE4. I also think QE4 is likely going to be accompanied by bank bail-ins because we all know all western world countries have adopted bail-in legislation in their most recent budgets. The financial elites are engineering the excuse for their next round of money printing . . . and they will be confiscating money out of savings accounts and pension accounts. That’s what I think is coming in the very near future.”

          #10 John Ing: “The 2008 collapse was just a dress rehearsal compared to what the world is going to face this time around. This time we have governments which are even more highly leveraged than the private sector was.

          So this time the collapse will be on a scale that is many magnitudes greater than what the world witnessed in 2008.”

          #11 Gerald Celente: “What does the word confidence mean? Break it down. In this case confidence = con men and con game. That’s all it is. So people will lose confidence in the con men because they have already shown their cards. It’s a Ponzi scheme. So the con game is running out and they don’t have any more cards to play.

          What are they going to do? They can’t raise interest rates. We saw what happened in the beginning of December when the equity markets started to unravel. So it will be a loss of confidence in the con game and the con game is soon coming to an end. That is when you are going to see panic on Wall Street and around the world.”

          If you have been following my website, you know that I have been pointing to 2015 for quite some time now.

          For example, in my article entitled “The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About“, I discussed the pattern of financial crashes that we have witnessed every seven years that goes all the way back to the Great Depression. The last two major stock market crashes began in 2001 and 2008, and now here we are seven years later.

          Will the same pattern hold up once again?

          In addition, there are many other economic cycles that seem to indicate that we are due for a major economic downturn. I discussed quite a few of these theories in my article entitled “If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States“.

          But just like in 2000 and 2007, there are a whole host of doubters that are fully convinced that the party can continue indefinitely. Even though our economic fundamentals continue to get worse, our debt levels continue to grow and every objective measurement shows that Wall Street is more reckless and more vulnerable to collapse than ever before, they mock the idea that a financial collapse is imminent.

          So let’s see what happens in 2015.

          I have a feeling that it is going to be an extremely “interesting” year.

          Source: http://theeconomiccollapseblog.com/archives/11-predictions-economic-disaster-2015-top-experts-globe

          • durango kidd

            WWHTI: Why don’t you try to add some insight rather than just copying and posting long passages from other people’s articles and wasting space?

            The folks here have been reading Michael Snyder, Zero Hedge, and other like minded sites for YEARS. YEARS. Most of the stuff you post here is highly redundant.

            Just saying. You have way too much free time on your hands. Find a productive hobby. 🙁

            • WhoWuddaThunkIt

              Durango- I posted that for the idiots on here that seem to be clueless about economics and whats coming. Nice to see you take the bait.

              • Anonymous

                WWTI,

                Just out of curiosities sake, is there ANYTHING that you DON’T see as some kind of international conspiracy?

        • Johnnycomelately

          Yes Joe, perhaps what we are seeing is the death rattle of the petro dollar. The question is, is this intentional or unintentional? All I can say is that someone somewhere made the decision to lower the barrel price, so who was that? The Saudis, the Jews, or Washington? Or is this a Black Swan event?
          Personally, I don’t buy the ‘peak oil’ scenario. Time will tell I suppose.

          • funnything

            I was thinking about throwing some savings into some oil stocks that are low right now like HFC, DMLP, and maybe some into FCX and SENY. I wonder if now is the time or wait and see if it goes lower? If the dollar dies and you own stocks, what happens? Other half wants to find a good penny stock to sink some of the kid’s money into as a money maker and a way to teach them about money and the markets.
            Open to advice.

            • Sgt. Dale

              FT
              Silver, Gold, Lead, and Brass.
              Water purification, food, medical equipment.
              If you don’t have it in your hand you don’t have it.
              Sgt.

              • durango kidd

                FT: Now is NOT the time to purchase stocks when we are at the TOP of a market that is set to crash. That especially includes Penny Stocks which are primarily predicated upon the “bigger fool theory”.

                I noticed that the metal barrons over at KWN are pushing miners hard. Now is NOT the time to buy miners. Miners should be bought early in an up cycle, not at the top of the market cycle. Don’t be the “bigger fool” these managements are looking for. You will teach your kids what not to do.

                Cash out, stay in dollars, gold, silver if it drops some more, and stay liquid if you have your preps. There will be many buying opportunities later at a 70% discount for those with cash. You won’t have any later if you invest now.

                The man or woman who masters patience, masters all things. 🙂

                • funnything

                  Thanks durango kidd. I was just thinking because the oil stocks are so low, that it would be a good time. I wasn’t thinking about how the stock market in general is so high. So, keep saving and wait for the crash….assuming it isn’t the end all crash, and then jump in on the bottom and hope I made the right picks. Man alive, would I ever love to get in on the next Google or Netflix when they first came out and were cheap. I have some gold and quite a bit of silver….but it just sits there in hiding and doesn’t make anything. I like it better than leaving cash in the bank, but not by much.

                • funnything

                  So I got another question. If the markets start correcting healthily and go down, yet at the same time stocks like oil start shooting back up….when do you jump in?

                  • durango kidd

                    A “slump” is usually 12 months to two years until the next “recovery” begins after a crash. Hard to define in these times with massive FED intervention, but you haven’t seen anything yet.

                    Nothing. 🙁

                    As far as your next question about when you “jump in”, its hard to say. We haven’t seen the bottom yet. Not by a long shot. It sounds to me like you are young and a complete novice. Nothing wrong with that, everyone has to start somewhere, just don’t let that inexperience destroy your prosperity before you get started.

                    First you need education. Lots and lots of it. The people and the firms you will be competing against in the market have strong resumes and serious experience. Make no mistake about it: you are competing against them as the markets are a zero sum game. For every winner there is a loser. The winners will likely have much more education, experience, and special expertise than you.

                    Text books are useful, so are popular finance and economics books for general knowledge and understanding. You will need financial analysis skills for an educated investment as you study the fundamentals of a particular company or sector; or you can use a dart board.

                    Some would say that they both work equally well.

                    Study free information from brokers on their websites and follow a number of financial internet sites and chat rooms. Understand the psychology of the markets and the players: they will be playing you.

                    RULE NO ONE: Invest in what you know!!! What do you know about oil & gas? What experience do you have in oil & gas?
                    Look at what you DO for a living and find investments in companies within your professional or technical field and you should be more successful.

                    RULE NO TWO: Practice. You can open “dummy accounts” with some brokers trading platforms with a specific amount of dummy cash, say $50,000 and practice investing without real money.

                    Then follow your investment and/or trading results, including the deduction of fake fees from your”account” and “taxes” to get a true picture of your results. For every successful market investor there are scores of unsuccessful ones.

                    If your failure to grasp the real, present situation of Freeport McMoran is any indication, the education of funnything will be an expensive one. Good luck!!! 🙂

                    • funnything

                      Will prayer, common sense, Think or Swim and a dart board do?

                    • durango kidd

                      FT: If you have to ask because you don’t KNOW, they will not be enough and you are far from ready to become a professional investor.

                      Without knowledge and financial analysis skills you are gambling.

                      If you are going to gamble you may as well head for the nearest casino and place your bet at the roulette wheel on “red” or “black”; or mosey over to the craps table and put your money down on the pass line while someone else rolls the dice.

                      Your chances of “success” are about the same or better in either scenario than investing without knowledge and skills. I suggest you buy a book about counting cards and play Blackjack. 🙁

                    • funnything

                      durango kidd,
                      The way I understand it, the markets are a gamble no matter who you are outside of being in the elite club. I have a job, a good one. I just want to start investing here and there in some long growth stocks, decent dividends and some shorter ones. I know it is a gamble and I don’t plan on spending the amount of time to “study” as you are suggesting. Too much else going on in life and I don’t plan on investing everything I have into it, nor being a professional, just an average joe trying to get a little ahead and have some fun, might learn a few things too 😉

                    • durango kidd

                      FT: If you do not know what you are doing you will lose what you “spend having fun” that much quicker. No point in throwing your money away. Good jobs have a way of disappearing. Yours could too. Buy a Subway franchise.

                      Try the dummy accounts at say Fidelity until the CRASH. While you wait for the crash, identify the oil & gas stocks that you like and follow the industry.

                      You should be reading Oil & Gas Journal, Platts, Oil Drum and the websites of the majors for what info you can glean as a minimum; then follow some DRILLERS who will profit from the upside when it rolls around, AFTER the crash.

                      Look to tax liens as a safer investment that in Arizona would yield 8% and other states like say Michigan, which might be 16% if that is still the lawful interest rate there for tax liens. Just stay away from Detroit.

                      Investors today would KILL for those rates. If the property owner fails to pay, you eventually own the property, so they are a can’t lose scenario and more so if you select your liens properly. Identify an area you like, know the Book and Page and follow the Assessor’s Delinquent list where you live.

                      If you must invest in the markets, forget individual stocks and buy Options in the indexes. You can multiply your money very quickly there if you know what you are doing, with little cash at risk.

                      Any more advice and I will have to start billing you for my time. Good luck!!! 🙂

                • WhoWuddaThunkIt

                  Wow, Durango you are right on that one. And I gave you a Green Thumb as childish Facebook feature as thumbs programs are. lol

              • slingshot

                SGT Dale

                I bet those hand and body warmers that produce heat by chemical reaction with air would be nice for some people right now.

                • Sgt. Dale

                  SS
                  I found out that the hand warmers are great to put in your 3 day food Bug Out Bucket. (5 gal)
                  B.O.B.
                  6 Instant oat meal
                  6 Ramen noodles
                  6 Granola bars
                  3 Chicken or Beef and rice
                  1 can of corn
                  1 can of potatoes
                  1 can of peas
                  1 can of beans
                  1 can Pork & Beans
                  1 can of tuna
                  1 can of chicken
                  1 can of beef of Beef Stew
                  1 can of spam
                  1 bag of mixed candy
                  2 pack of Knife Fork Spoon.
                  I put a hand warmer in it, and it takes all the air out of the bucket. I also duct tape around the outside of the lid.
                  Opened up one I had set aside for 5 years, and everything was just fine.
                  This is just one type of bucket I have other food items in some of the other bucket I have put together.
                  This is just another thing you can use hand warmers for.
                  Sgt.

                  • Sgt. Dale

                    This BOB is for 2 people.
                    Sgt.

                  • old70

                    for an all around BOB, dump out the bucket and fill a pack with 12 MREs and a little bleach or water purification pills, a flint and steel, char cloth or chaga, a couple metal cups and a heavy knife or hatchet.
                    JMO
                    everything on your list will take more energy to digest it that it’s worth, some of it like corn,peas does nothing for your body. spam and oatmeal ain,t bad, but if you’re on the run, you need energy foods and something that you need no fires for.

                    • BJ

                      Plus if he bugs out, he does not have far enough to go to warrant all that junk he is carrying.

              • WhoWuddaThunkIt

                Spot On Sgt Dale.

            • WhoWuddaThunkIt

              I would not buy anything OIL Related Stock Wise until OIL is at or near $30 a Barrel. Don’t buy into the propaganda posted here saying $100 Oil soon. These idiots are trying to find another sucker to buy their over priced stock shares they are sitting on or to cover their interest payments that are about to default on. Ever hear of Pump and Dump Marketing? There you go. Look at all the suckers that bought Gold at $1800, cause they heard it was going to $5000 an OZ. Believe that, and I got some Tulip Bulbs to sell ya.

      4. Tucker

        I’m going to ask what should be an obvious question.

        Back before the war mongering, lying, blood thirsty, war profiteering Bush Crime Family arrived on the scene in the nation’s capital and then proceeded to insert two members of this despicably evil and criminal family into the White House – if my reference sources are accurate, oil was somewhere around $25 to $30 bucks a barrel and the price at the pump for a gallon of gasoline was about $1.25 to $1.55 or thereabouts. And, ‘Big Oil’ was raking in very substantial profits – although not nearly as high as they managed to rake in later on, after the Bush Crime Family had managed to orchestrate two wars against Iraq (both of which the Bushes lied us into) and stir up all sorts of turmoil and chaos in the Middle East, which was clearly a deliberate scheme by this family of oil industry vampires to force the price of oil higher so they, and their well-connected oil vampire buddies, could rake in enormous personal financial profits while the American consumer’s assholes squirted gallons of blood every time they had to get their car’s tanks refilled.

        Oh, and those same consumer assholes also squirted even more blood on every trip made to the grocery store, as the food prices skyrocketed as a direct result of the increased costs of gas that was used to harvest and then deliver the food products to the grocery store chains.

        So, can someone try to explain to me how these greedy Big Oil companies – who once were able to maintain a decent and respectable profit margin back when the price of oil was under $30 a barrel – but, now, when the price per barrel is down to a more realistic amount per barrel and the consumers are finally being able to get a break from being financially ass raped – these greedy vampires are now saying they have to close down their drilling operations and lay off workers? Might this be nothing more than an attempt to try to manufacture an oil shortage so as to drive the prices back up, so they can resume ass raping the consumers?

        I suspect that is precisely what is on their minds.

        • talon1776

          Send lawyers, guns and money…
          Warren Zevon

          All I want to do is purge…just let me purge
          Oddly enough, it’s what these Cretan thugs want to do to us as well…so let the games begin!

          Live Free or Die…grow HEMP
          Talon1776

        • Genius

          This is just another diabolical and clever ploy by the tribe. Most of these oil rigs are financed in the last 5 years or so. Pretty simple, drive the oil price down, bankrupt them, take over all the rigs for a fraction of theyre value, assume complete control of domestic oil. There are other diabolical reasons behind this takedown too. Want to know whos behind it? All you have to do is see who reposesses the rigs. I would recommend investing in some solar panels before the price goes sky high. 🙂

        • BJ

          I asked the same exact question a few weeks back or so. I got a thoughtful answer from someone here, can’t remember who?

          But the answer didn’t satisfy me 100%…..I tend to still think that it is bullshit they can’t make a profit now when just as short time ago they could at even less $ per barrel than todays price.

      5. ANONB4

        This is nothing more than a rubber crutch to keep the petrodollar in play. By hurting Russia and a few more countries, guess what WWIII is at hand, if you think these countries are going down with out a fight you are mistaken. We’ll see how long this last when the bear shuts the valves off to Europe. This is going to come back and bite TPTB in the butt. Hang in there friends things are bout get very interesting soon.

      6. GMAFB

        Stock Market: A popular game of chance in which moneyed speculators gamble with the nation’s economy, the object being to amass as much unearned income as possible before one’s fellow gamblers withdraw from the game and precipitate a nationwide depression.

        Anonymous

        Same shit, new day.

        • Kevin2

          It was a good system until:

          1. The regulations of Glass-Steagall were abandoned allowing banks to buy equities (Stocks).

          2.The Quantitative Easing (QE) program gave huge sums of newly created money to the banks which a significant portion purchased stocks which falsely inflated their value.

          3. The Justice Department, Federal Trade Commission (FTC), Commodities Exchange Commission (CEC) and Securities Exchange Commission (SEC) failed to enforce the far fewer remaining regulations post Glass-Steagall.

          • Rodster

            “It was a good system until:

            1. The regulations of Glass-Steagall were abandoned allowing banks to buy equities (Stocks).”
            ———————————————–

            It was never a good system but rather a corrupt system. It was always designed to shift wealth from the honest people to the Banksters who created the system back when they floated the idea of The Federal Reserve.

            The primary reason for repealing the Glass-Steagall act was the US economy had it it’s growth limits. In order to pay down the debt and regrowing the economy, the US Govt became just like the Banks and investing/tax payer money on the Stock Market. They became just as reckless as TBTF Banks. At least back then that trick worked because they at least had a few bullets in the chamber. Now most if not all of the tricks have been tried.

            So now they have resorted to out right lies, manipulation and theft of every major market and tax payer money.

            We are at the end game and it’s not going to be pretty.

      7. digger

        Just remember the golden rule…he with the gold…makes the rules! Now just replace gold…with oil… This will topple ourcalmighty …fed…so I find it hard to believe anything other…than its some bodies…plan… Nothing has ever …happened by accident!!!

        • WhoWuddaThunkIt

          digger- I’ll stick by the “GUN RULE”- The Man with the GUN gets the Gold.

      8. WARFACE

        I, for one, am glad this is going to impact the economy. There are alot of arrogant assholes in the world who need to be brought down a few pegs. I know some innocents will suffer but I am tired of the course of my life being determined by the game players.
        On another note. I was finally convunced to try Sushi last night so we went out to get some. It has been nasty cold here the last few days. Wind chill was -33 last night. As we were leaving the restaurant, some little faggy looking whiner was crying to the manager that his grill cooker guy didn’t do enough tricks while he was cooking and he wanted his money back…eye roll…after he ate his meal! I asked my fiance if she felt comfortable knowing that if the power goes out and everything goes to Hell, we will be okay. The cold here has closed the schools, which pisses me off. We went to school no matter how fuckin cold it was but todays breed of vidiot can’t be exposed to anything dangerous. We, on the other hand, will be just fine when it finally hits the fan, cold or no cold. I tell this story because I really felt good last night knowing that there will be a great culling one day, (shit all they need to start a riot around here is to close MacDonald for a day) but they ain’t getting me til I’m damned ready to go. Lots of assholes in the world are gonna get whats coming to them. I will help the deserving but the highbrows can starve!

        • mark

          Warface, you’re a crusty ole bastard aint you! :-)) I tend to be that way myself.

          • slingshot

            bleed red.

            There is a smoldering fire beneath the surface.

          • WhoWuddaThunkIt

            Not sure is you checked lately but Most Blacks don’t even qualify to own firearms. Most 50%+ are felons. I look forward to the Great Culling.

        • Kevin2

          Let it fall apart and, “”shit falls down hill”.

          Those that orchestrated this are untouched. The closer one is to them the more that they are unfazed. The hard working professional like a physician looses a lot but they are not culprits. In the end those at the middle fall to the bottom.

          Beware what you ask for because you might get it.

        • egore

          So, how was the shushi?

          • WARFACE

            It wasn’t bad but I couldn’t eat it all the time. Give me smoked food and I’m happy.

      9. JRS

        Seems like another crisis is brewing.

        The problem is that the price of oil is too high to support the economy, but too low for most producers to drill and make a profit. Remember that oil was less than 15 dollars a barrel thirteen years ago or so. It is still too high for growth. This is the reason for the worldwide deflationary collapse.

        What is happening now is demand destruction whereby the ones that cannot afford the price stop buying. When and if demand catches up to supply again there will be less demand. The price will have to go down more for that to happen. Don’t forget, oil is a worldwide commodity. The US may be one of the last ones shaken out because it still has resources. If demand destruction picks up speed, the price may never go back up to where it was and more oil will be left in the ground.

        This is peak oil. When the energy needed to bring it out of the ground and support the economy is more than the energy produced (EROEI) the oil will stay in the ground.

        That day is not too far off. The collapse of Industrial Civilization is just over the horizon.

        There is one study done by The Hills Group for the oil industry that predicts lower prices out to 2030 and after that, the oil will stay in the ground. I may dig up the link. Rodster probably has it.

        • GMAFB

          The actual problem isn’t that it costs more now than it did 13 years ago to bring the oil out of the ground, but rather the value of the worth less fiat dollar continues to diminish on a yearly (make that hourly) basis. This was one of Ron Paul’s choice arguments.

          If you visit the Bureau of Labor Statistics website and look up the CPI (Consumer Price Index) you can see that the value (buying power) of the dollar is nearly worthless. For example, in 1913 when the CPI index starts, the CPI was 10. In 2014 the CPI was 236.384. This means the cost of a basket of goods has gone up by 23.63 times in the last 100 years. To measure the loss of the dollar’s value you simply divide 1/23.63 = .0423 X 100 = 4.23%. In other words, the dollar has just 4.23% of the value remaining and 95.76% of value has been lost. Remember, in 1913 you could trade a paper dollar for a real silver dollar at any bank. I would bet you can’t get a silver dollar for less than $23.63 today at your favorite coin shop today!

          As the “petrodollar” becomes even more worth-less (not much left to go), it takes a lot more of them to purchase anything, whether it is a barrel of oil, a gallon of milk or a pound of ground beef. Those that produce these items know this and that is why all prices have exploded (inflation theft) over the last 40 years–not to mention the FED creating trillions of digital bucks out of thin air! Why would you sell your product for less unless someone was twisting your arm behind your back or more likely putting a gun to your head? This is manipulation just like gold and silver are being manipulated by naked shorting the market to boost the notional propaganda value of the falling dollar. The only thing that doesn’t keep pace is wages…I’m betting you didn’t get a hefty raise to compensate for the price of ground beef rising to $4.50 a pound last year, did you? In 1971 you could buy a Snickers bar for 15 cents, today they are a $1.50. The GMAFB Snickers Index says when the price of a Snickers bar hits $5, its game over–the reset button will be pushed economically.

          Stock up and enjoy the low cost gas while it is here, the PTB (the Fraudulent Reserve Bank’s owners) will stop manipulating it when the effect on the economy (the banker’s wallets) takes hold. This is simply an Obamanation tactic to force Putin and oil producing countries to bend to the hegemony of the USSA’s iron boot on the planet and carry the USSA to further global domination and even higher profits by starting a war. That’s where the real money is made!

          Same shit, new day.

          GMAFB

          • nutter

            correction “lost?” Well, yes, fruit of a man’s labor are lost. But its not really lost as it goes directly into the elites pockets, just as it is designed to do. Put another way, 95% of the value of your great grandfather’s labor has been stolen by dollar printing, 75% of your granfather’s labor, 50% of your father’s labor, and 15% of your labor. By the time you die these will be much higher. So, I think you should say “stolen” rather than “lost”. Our grandfathers tried to protect their savings but the system in which we are all forced to live steals 3% to 15% per year.

        • JRS

          Actually, I was a bit off by citing 2030 in the study. It was found that the price of a barrel will be $11.76 by 2020. Their conclusion:

          “At this point petroleum will no longer be acting as a significant energy source for the economy. Its only function will be as an energy carrier for other sources. Production will continue as long as producers can realize the lifting costs of existing fields. E&D expenditures and field maintenance costs will have been curtailed. All production from that time forward will be from legacy fields only. The economic impact that will result from the energy lost to the general economy is beyond the scope of this report.”

          http://www.thehillsgroup.org/depletion2_022.htm

          Whether this plays out or not is up to debate, I suppose.

        • WhoWuddaThunkIt

          Whats going on in Paris right now is a REPLAY of the BOSTON BOMBING, Martial Law. The French Police have been going door to door looking and searching for these 2 shooter suspects. It’s a virtual lock down in Paris, and the French Military is all over the streets of Paris in full military gear, and surrounding communities.

          “Oh and the Populace in Fear easily give up all their rights to the authorities to keep them safe.” lol Hear that before? The World is a stage.

      10. slingshot

        Ride this pony into the ground.

        We all like the cheap gas. How many people understand what is really happening? Then how many give a shit. On a side bar. Is it Goldman Sacks who has all the investment in the EBT/SNAP card financing? How will that work out if that bank goes under. OH, the “Bail In!” Going to have cheap gas but we are all broke.

        Watched a coupe of videos on the Bible Code and 2015-16.
        Not good. How much credence do you give that information?

        • Archivist

          The Bible code stuff is bogus. It was debunked years ago. You can take any long text, omit the spaces, put it into a grid, and you will find words. I put a chapter of Moby Dick into a grid and found some interesting words that you could put together.

          People don’t understand how probabilities work. Coincidences happen a lot. It’s actually unusual when coincidences don’t happen. As an example, you can take 30 people at random. There is better than a 50% chance that two of them have the same birthday. Most people wouldn’t guess that it would be possible.

          There’s no telling how many times I have looked at a word search puzzle and found words that weren’t listed. And that’s using random letters to fill in the puzzle after the real words are arranged in the grid. The chances of finding real words increases dramatically in regular text because the percentages of useful letters increases. In the word search puzzle, you have equal chances for Q, X and Z, which are not that common in English. So it would be almost a certainty that you would find words in any text put in a grid. And in a text as long as the Bible or Moby Dick, the odds are that some of the words will seem to have great meaning.

          In the Bible code stuff, they tell you about the amazing finds, but they don’t tell you about all the regular words without special meaning that they also found.

          • WhoWuddaThunkIt

            These Religions Folks will find out their Religions will abandon them all when SHTF. For many it will be the end of the world as they knew it. TEOTWATKI – Permanent dirt nap

      11. B-17

        YESTERDAY JAN. 7 2015 A DAY THAT WILL LIVE IN INFAMY.

      12. NetRanger

        Those in control say:

        We cannot allow any part of America to prosper!

        …so, the one area of the country that was doing well just got a bullet in the head.

        • WhoWuddaThunkIt

          Yeah, Watch South Dakota turn into an instant Ghost Town. I bet half price house sales kicking in about now.

          • PWYPreach

            And I bet all those assorted camp followers that flocked to the SD oil fields are singing the “where’d the oil dollars go” blues. I (don’t) wish I could feel sad for them.

            • anons

              Aren’t the oil fields in North Dakota?

              • WhoWuddaThunkIt

                Anon, The whole country is an oil fracking field. See all the Earthquakes lately from Fracking. “Mother Earth” loves low oil prices.

          • Genius

            WWTI, yep watch the chinese come in and scoop up land and oil rigs on the cheap. A great investment for them as resources and land are REAL and a great way to dispose of they’re fed reserve notes before tshtf. I see a good future for americans that learn to speak chinese 🙁

            • WhoWuddaThunkIt

              Genius, Watch Harry Reid confiscate all the Land in Nevada via BLM, and it promised to the Chinese for the US Debt payment.

        • WhoWuddaThunkIt

          NetRanger, SO who said that? Got a link or source?

      13. Jim in Va.

        Fill up and enjoy while you can and stay away from the gas guzzlers. Overide Obama’s veto on the pipeline!

        • sharonsj

          The Canadian owners of Keystone testified before Congress that the refined oil would be sold to China and India. How is this supposed to help America?

          • Satori

            the whole Keystone pipeline FARCE
            reminds me of what happened in my state regarding fracking

            the Republicans ram rodded it through
            promising a bazillion jobs
            or was it two bazillion ?
            I can’t remember

            also it would supply the state with natural gas for 100 years

            $$$ for everybody !!!

            and now ???

            biggest damn flop ever

            idiots
            and even worse
            LIARS

            • JRS

              RE: Keystone Pipeline.

              I did see an interview with the CEO of TransCanada (the pipeline owner). He was asked how many long term jobs this would create. He said 35 at the most.

      14. Hilldweller

        Off topic… Mac, do you by chance share email addys? I got a flood of emails in the last couple of days that pertain in one way or another to prepping and conservatism… I will use a different addy from here on, but just curious. Love the site!

        • admin

          Hilldweller, thanks for your email. I certainly understand your concern.

          We DO NOT share or sell any of the email addresses submitted to this web site with third-parties. When submitting your email the data is SSL encrypted by either Constant Contact or Mailchimp and is also stored directly on their servers, so even if someone broke into this web site, they could not access the individual email addresses unless they compromised the CC or MC security systems. As far as I know, that has not occurred.

          Some people do submit email addresses when they leave comments here — this IS stored in our system here, however, as far as I can tell there has not been a breach on this end.

          For added security we are seriously considering full https SSL encryption for all page access to this web site. Working with our techie pro on this now to ensure it does not slow down load times and such, but I think we are going to move this direction in the near future. (That way, if you read or submit a comment at Starbucks or other open WiFi you don’t have to worry about that data being intercepted along the way)

          Thanks and hopefully that email you received will not become a regular daily occurrence! (I get at least 1000 spam emails daily so I feel your pain there!! And this is exactly why I refuse to give anyone else access to email addresses submitted to this site. I do not want to be the person responsible for that if we share with a third-party and then they share and so on…)

        • WhoWuddaThunkIt

          HillDweller – I bet you bought some prepping item off Amazon via Google. They track everything. Then use your info cookies to market you even more. Just like Magazines. If you ever buy a magazine use a key letter in your name that is not accurate and watch how much other mail is sent to you with the same letter mistake. They sell these lists to other marketers. I received a Ritz Carlton Credit Card offer yesterday in the mail, that had my info from their hotel I stayed at in South Miami several years ago. So they used my info to them keep marketing me, and I also received several Free Dinner offers to show up at a financial Seminar. I am put in that demographic and they use it to market me. I shred it all and burn it.

      15. Warchild Dammit!

        While oil and thus over time other prices of goods drop stock up a bit more on supplies ect.,things you will use long term no matter how the world turns out long term.I would also with a little savings perhaps get a wood stove if needed/do a solar survey and see about solar heat/little power if possibly good site ect.The site builditsolar on net has a lot of plans for do it your self jobs from the small to large with good ideas and savings worth checking out along with mother earth news,not bad to have some offgrid power ect.A poster here Genius(?)in the solar game and can answer ?’s,rumour has it he will also work for cheap for Goldfish crackers or federal ammo or a combo of both!I realise times hard and this may only save you a few bucks a week with oil dropping but use the monies to get say 10 pounds of rice/extra roll of bandages ect.As Warchild likes to say adnauseum,”The smalls add up!”.

        • Genius

          WC, good advice! Oil will go back up, maybe way up. Solar is cheap right now and a good investment. Yes I will work for GOLD fish crackers lol. And yes I have done solar proffessionaly and still do as a side job so anyone with questions feel free to ask. Better to do it right than do it twice I say.. 🙂

          • Warchild Dammit!

            Hmmmm….,this is a little awkward!Genius,as I have the memory of a elephant knew you were a solar guy,the ? mark was in regards to your,hmmmmm…..,handle!I actually remember a bit back you were mentioning if the funds available a battery you thought good for decades treated properly,this elephant is getting a bit of alzheimers!I believe that the sorage end of the equation has(perhaps purposefully?)been the big issue in regards to solar,what are your thoughts on that?

            • Warchild Dammit!

              Arghhhh!I meant storage!I have no idea what “sorage” even means!

            • Genius

              WC, The iron edison batteries are supposed to last for decades but I have never known anyone that uses them. A good L-16 battery such as the “universal battery XC/HC 420ah L-16” should last close to ten years if not discharged more than 40-50% on a regular basis and has a good desulphator attached such as the “BLS 12-24” at batterylifesaver.com . For the money the HC/XC is the best imo. You can search U.S.Battery for info. The closest dealer to me sells them for 269.00 each plus core charge. I have these and I am very very happy with theyre performance. If you are looking for something a little smaller check out the U.S. battery US2200 golf cart type. I had a set of those before and they lasted 7 years! Remember that Trojan batteries are complete crap.. 🙂

              • Genius

                Or if you need batteries for a large system, Crown battery makes industrial type “forklift, etc.) that say they will last about 20 years in an off grid home. They are pricey and you better have at least 80 amps of PV power in order to equalize them. Also a forklift or tractor to move them lol.

          • WhoWuddaThunkIt

            Yes Genius and to many others, Keep in Mind, Solar energy does not have to be solar panels on the roof. Solar energy can be passive, which if those living in the north keep all your windows facing south and know where the sun will be for maximum exposure, you can let the sun come into your home and heat up the thick black tiled floors storing the BTU thermal mass, that will continue to throw off heat during the night. You can use many materials for solar BTU storage. Maybe Barrels of Water painted black. I wish they would incorporate more common sense into housing construction instead of these box cookie cutter homes that are built very inefficient and facing the wrong way. Remember before A/C the ceiling in homes used to be 14 Ft tall, and the double hung window also opened at the top for hot air release and better air flow to keep you cool. As usual the Power companies what you to be their slave and on the grid with windows that barely open on the bottom half. Stupid is.

      16. the Lone Ranger

        Asymetrical warfare, done by the U.S., is what caused the oil prices to drop and the Russian Ruble to be devalued by 50%.

        As a result, Mr. Putin may start World War III but frankly, it’s already been started ‘economically’, as you can see.

        Bonds in energy companies comprise 15-18% of the Stock Market and once those bonds become completely worthless, without value, then the entire Stock Market will drop, then collapse, and our own dollar become devalued.

        The BRIC nations [Brazil, Russia, Indian, China] have abandoned the world currency standard which is our American Dollar (the ‘petrodollar’) and last week both Germany and Saudi Arabia have set up bilateral currency agreements with Russia.

        The result will be this: our American Dollar will be devalued considerably. This is why the Russian people have been frantically buying up goods before their Ruble is further devalued.

        Imagine if you earned $1000. last week but now it’s only worth $500. What would you do?

        This is one of several major reasons why our government purchased billions of bullets. A devalued or totally worthless dollar will cause mass unrest, chaos, and violence that will make Ferguson look like two first graders fighting in the recess yard.

        This is one reason why JP Morgan has been buying up the American Eagle Silver Dollar, which costs $20., because they know the value of silver will become three to nine times that soon. Paper currency will eventually only be good as toilet paper, but it’s already dirty in more ways than one.

        All of this will also pave the way for the Mark of the Beast: an RFID chip and/or a tattoo. The Mark will disable your free will, do not take it or your soul is consigned to Hell since by doing so you are giving back to God His supreme gift to you: your free will!

        The September Naval Yard shooter was chipped, his mind/body controlled, he said he had been hearing voices yet he was not schizophrenic. Patents exist online for this ‘technology’, research it if you care to.

        Thus, that we are saving money because of lowered gas prices is an illusion, a deception, a distraction that is masking the Ultimate Evil behind it all: the continued emergence of the antichrist who will declare himself after The Warning.

        By the way, the other part of that evil is that several inventors (Stanley Meyer was one who they killed) fractured water molecules in a nonexplosive way through electrolysis to power car engines. Meyer’s invention got 100-miles to one gallon of water. Decades before, Nicolai Telsa powered a car solely through electricity he sucked in from the atmosphere and his many inventions continue to be suppressed by our government and the former Yugoslavan government.

        Pray, repent, get right with God, continue prepping, and pray some more. Time is short.

        – the Lone Ranger

        “There will be a war that breaks out among seven Middle Eastern nations. The person who brokers the peace is the Antichrist.” – http://www.TheWarningSecondComing.com

        “Evil is that which destroys.” – Dr. M. Scott Peck, M.D., in his book, “People of the Lie”

      17. Arkaden

        I am a contractor for one of the big oil and gas companies and I can confirm that some of them have already reduced projects by 20%, while others are still holding out for a rebound. In my position, I’m constantly asking them what the chances are of my projects getting defunded. I’ve been told $30 is the mark where my company starts to see de-scoping and cutting back for my particular projects because they are considered high priority. Other, less critical, projects have already been scaled down. If oil hits $20, you’re going to see some serious shit in terms of an economy grinding to a halt.

      18. Enemy of the State

        Oh yeah, we are told that good old Harry was exercising and the machine broke. Right.

        Was he on a JOHNNIE WALKER?
        How about a BOURBON bicycle?
        Harry is an old boxer. Was he sparring with his old pal BUDWEISER?
        Maybe he was at the pull up cage doing GIN ups?
        Could it be that Harry was on the RUMMING machine?
        Chances are good that Harry was PUNCH drunk and fell off his perch.

        But we will believe anything so they tell us anything and the midstream media repeat it.

        Harry and the boobs from New York and Illinois look like fitness buffs.LMFAO..

        • Pissed Off Granny

          Enemy:

          Great post.

        • BJ

          And how many time has Harry had a bruised face? I know I have seen the pics of him brusied posted on Drudge on multiple occasions the last few yers…and they aren’t the same one.

      19. Satori

        Energy Crash — 97% of Fracking Now Operating at a Loss at Current Oil Prices

        http://www.alternet.org/economy/97-f…ent-oil-prices

        “Some are projecting 100,000 layoffs in the energy sector. ”

        a lot of these companies are leveraged to their eyeballs
        they’ll have to keep pumping just to try and service their debt
        but you can only operate at a loss for so long

        this all has REAL potential to be a major TSHTF moment

        enjoy the $2 gas
        the hangman cometh

      20. Warchild Dammit!

        Harry got a beat down,really do not care why as long as it happened!Take it as a late gift for the holidays!

        • Enemy of the State

          wonder if the Chinese mafia is sending him a message over the loss of land they were going to steal from us thru dirty Harry and his crooked BLM and the Bundy ranch deal

          that Chink mafia dont play..and that injury is not from an exercise machine any more then Hillaries eye injury ..please spare me..does he or any other ol coot politician look buff to any of you out there in comment land?

          • WARFACE

            LMAO!!! You would think these “old coots” would have some conservative blood in them but they have sold their souls and fucked over many people to get where they are. I just wonder why none of these shit bags never die.

            • Enemy of the State

              Amen!!!!!!!!!!!!!!!

      21. Ga Doc

        Enjoy the lower gas prices while they last. Wish there was a way to safely store a few hundred gallons. Whether by “normal” supply-demand price balance or by artificial price controls, I expect that by summer there will be less oil available and prices will quickly rise to the mid- $3 range or rebound up towards $4/gallon. The oil companies aren’t going anywhere and as soon as the price goes up these projects will crank up again.

        • Renee

          Re: Satori’s link…

          It looks as though they are claiming Avian Flu and their “outreach” to backyard poultry people so they can make it illegal to raise your own flock…

      22. yourdaddy

        The time for honoring ourselves is quickly coming to an end. We can drum up all the (valid/likely) market reasons for an economic crash as we wish…Ultimately, The Lord God yearns to bring us back into his fold. Because he cannot impede against his given gift of free-will to accomplish that goal, he’ll need to exact extraordinary measures to re-focus our attention/devotion on him. EVERYTHING we have comes from him, and his Son died for our eternal salvation…Seems many of us, to our own detriment, have forgotten those inviolable truths. The easiest (fastest) way to shake us from our self-induced slumber is knock down the fragile tent poles we’ve so arrogantly believed are the reason for our greatness (Technology/Economic prosperity/etc).

        Commodities manipulation/Fiat currency printing/crashing oil prices/fill in the blank are all SYMPTOMS of the bigger picture.

        We are in the middle of an EPIC battle for souls…Yours…Mine… What unfolds this year and beyond is nothing more than needed medicine from the Eternal Doctor. For those that have been given the grace to understand this, offer up prayers for the others who are still operating in the blind, (as we ALL were once blind). And for those that have yet to receive this grace, I implore you to pray to our Heavenly Father that he might remove the scales from your eyes and open you up to the Truth.
        God Bless
        -Dad

        • Pissed Off Granny

          Your Daddy:

          Great advice. Nothing is going to get better for America until we ask God/JesusChrist for forgiveness for allowing this Godgiven nation to fall into the sewer.

          It was ask of Jesus when the Book of Revelations would begin to unfold. One of the signs, according to HIM, is that there would be a “great falling away” of believers. That surely is taking place. Look no further than comments on SHTF for proof of that.

          Thanks, dad, for your article.

          • WhoWuddaThunkIt

            I get a kick out of these Bobble Thumpers. When SHTF your religions will abandon you. Stop being slaves to some Magical Hoax in the sky. Amazing the Superstitious brainwashing going on in the world. Shootings, Wars, Cartoons, Genocide… Stupid is…

          • WhoWuddaThunkIt

            Granny- If you really want the facts about American History, going back 11,000 years ago, and where we come from, check out this well put documentary. Did you know there were over 100 Million Humans living in North America before Columbus claimed to Discover America? (aka:Bahamas) There are 2 parts on this same link. If you really want facts with Proof, watch this amazing video. I highly recommend it to everyone.

            Real American History: Watch “Native America before European Colonization” on YouTube
            http://www.youtube.com/watch?v=7FItlStGMY4&feature=youtube_gdata_player

        • Canada Canuk

          @Your Daddy….I like the way you think, and couldn’t have said it better myself! Take care, CC

      23. Skeptic

        If we were going to have a black president I think Charles Payne rather than Obama/Erkel would have been a good choice. I hate a white collar criminal as much as anyone but my working life was not funded by poor people. As an old timer once said to me, and it stuck, “when was the last time a poor person gave you a job?” If all of those wealthy folks disappeared where would those of us working people turn for contracts or jobs? I’m pretty sure that those of you who are builders etc. can relate. I don’t intend to supply answers here, only a question. Thanks

      24. Acid Etch

        JEB BUSH? FUCKING REALLY? I HAVE NO DOUBT THIS TURD WILL GET THE NOMINATION SINCE THE CANDIDATE WITH THE MOST MONEY GETS ELECTED 95% OF THE TIME.

        WHEN THE FUCK WILL IDIOTS EVER LEARN?

        • Jim in Va.

          go back to the basement Acid,its nap time.

        • the renegade braveheart

          Acid, you need to get your prescriptions refilled.

        • RICH99

          I agree with you acid …..I guarantee it will be either another Bush or Clinton.

        • Cabin Fever

          Selected, not elected

      25. Pissed Off Granny

        Skeptic:

        I, or one, know America has had all the black presidents it can stand, bar none.

        If there is another election, AIPAC will fund their choice, you will have none.

        Hellery and J. Bush seem to be the criminals of choice. Two shit sandwiches served up on your choice of bread.

        • ANONB4

          I feel it will be a very cold day in hell before another black is elected President. Along those lines look at our leadership in the House and Senate. Good grief Charlie Brown.

        • BJ

          Sad thing is, many Christians will go to the booth and vote for the lesser of two evils.

          I imagine myself as a father in that same type of situation with my kids…doing the same insane and evil thing over and over out of a false and screwed up sense of duty….when it is not what I want them to do at all. And I have to watch them not only miss it and not understand what they are to do….but have to watch them display insanity by doing the same exact thing over and over, expecting it to be a different result. I don’t know as a father whether I would be more pissed off or sad? Probably a combination of both.

        • PO'd Patriot

          YAK!

        • TEST

          Dr. Ben Carson would be a wonderful president. So would Tim Scott. So you would take white Hitlery over Carson, Scott, Thomas Sowell, Walter Williams, Col West? I sure wouldn’t

          • Kulafarmer

            I think Dr Ben would be an excellent president,
            If jeb or hillory are our choises im not even going to waste the gas to go to the poll.

            • durango kidd

              Dr Ben Carson is an excellent physician. He appears to be an honorable man, the recent claim of “plagiarism” not withstanding. I doubt that he really has the political and strategic savvy necessary to be a good President.

              What America needs is a Patriot with knowledge of how DC works, has been working; so he knows how to manipulate it and fix it. That person needs people around him or her who are also Patriots willing to put America first before Party.

              The Major Parties are controlled by the NWO, and unless and until Americans by the many tens of millions take back these parties at the grass roots level all across America; demand their Constitutional rights, and insist that all legislation and all government operations at every level conform to the US Constitution: Crony Capitalism, Corporatism, and the NWO will prevail.

              When governments become as corrupt and unresponsive to the people as the NWO government in America has become,history shows that God always intervenes in the life of that nation. Judgement is not far behind. 🙁

        • WhoWuddaThunkIt

          Agree with you there Granny – Jeb Bush just resigned from all his Ponsi Scheme Corporate Boards here in FL, so he could Run for “War for Oil” Mafia Boss of Amerikkka.

          Want facts, just Google “Jeb Bush Ponsi Scheme”,and watch the search results light up your screen.

          Hitlery wants to be President if the UN/NWO and will sell out Amerikkka to get there.

      26. The Prophet

        Cheap gas feels good, but big economic and debt problems not only persist, but are getting worse, real fast. Soon it will happen. Soon. Thus spoke Zarathustra. Sheesh. The Prophet needs a cold beer and a shot of Jameson.

      27. Sgt. Dale

        Enjoy the prices while you can. We all know that what goes down will go back up doubled. Want to bet on $7 or $8 gas buy 2017. Then they will be crying about taking a little bit of a lose to put in the fracking a pipe line.
        Sgt.

        • WhoWuddaThunkIt

          Sgt Dale. NOPE – Gas will be low for a few years. The Dec 2017 Oil Futures are only trading at about $65 a Barrel. Which means Gas still be about $2 to $2.25 a gal or less. The Saudi’s are not taking any prisoners this time and will keep this Oil Dumping on the market for years. For consumers that is our gain. Oil today going down again $47 Range.

      28. RealitySeeker

        Oil booms and busts are legendary, and a bust is better than a boom. Would you rather have $200 per barrel oil or $20 per barrel? The guys who are now crying doom and gloom over $20 per barrel oil are the same guys who were crying doom and gloom over $150 barrel oil just a few years ago.

        The little guy is mostly better off when energy is over supplied. This should be obvious. Cheaper energy means less expensive good and services. Take advantage of deflation while you can by buying cheaper prepping supplies.

        The economy is going to do what the economy is going to do. A depression will hit one day. Be grateful the depression is not today or yesterday or last year or the year before that. The doom&gloomers have gotten it so wrong for so long that they are starting to sound like the boy who cried wolf….

        The wolf shall arrive right on time, but they don’t have a clue, really… so just move on with your life and stockpile supplies as insurance.

        • Mr. Anonymous

          Your a dumbass, that’s all I have to say.

      29. WhoWuddaThunkIt.

        Here we go again, 4 hours later and still my posts not posted. This is good info just hanging out there is Zooloo land. WTF?? I just heard, on CNBC that the December 2017 Futures for Oil is only trading at $65. Like I said a few articles back there is NO way there will be any $100 Oil until late 2016. Now with this new info, not again until maybe 2018 maybe.

        So the Saudi’s the same folks that attacked America on 9-11 is destroying our countries energy industry. Yep the Saudi’s the Bush Family’s Best Friends that they love to hold hands with. And now Jeb is running for The Cartel President.

        Photo: http://www.slate.com/articles/news_and_politics/war_stories/2005/04/the_idealist_in_the_bluebonnets.html

        • Anonymous

          Because you are not liked/wanted here. You are a know-it-all pest/troll, sent here to cause fights and disrupt this site. GO AWAY-TAKE THE HINT!

          • WhoWuddaThunkIt

            F U eppe- Only Sissys Hide behind Anonomous Names. Swing like a little girl as you drool down your bib.

        • Sinner

          That’s O.K., nobody reads them anyway. They just stop long enough to give them a thumbs down.

        • durango kidd

          WWHTI: We don’t need your links. They are not a priority for US. We can all cruise the Net for ourselves. 🙂

          • Warchild Dammit!

            Who,unless you put in a space in link,say ht tp at beginning and thus not a live link goes into the moderation game,or folks need to copy link/delete space and then get the info.I do believe handles that have been around awhile and proven themselves should be allowed live link ability,a lot of info folks want to share.

            • WhoWuddaThunkIt

              You have a Valid Point War Child. Those who post facts and valid links should be posted right away. Those who post nonsense or cut n paste meaningless childish joke should be put in a cage for days until they grow up and be somebody. Anybody that wants to dispute my claims, just provide proof. I would rather be corrected with truth than just drooling for red thumb sissys or Anons spreading hate with no facts. Smart people know the difference.

          • WhoWuddaThunkIt

            Right Durango, You don’t like links or facts. How about a link to your claim that Saudi Oil cost $85 a barrel, or that Gold was never below $1200 last year. You have little credibility.

        • BJ

          Thanks for coming and posting and thanks for the links and info.

          As to the land of moderation. I used to have that trouble too, sometimes almost 12 hours. Then I realized your the whole email thing under your screen name. Start using an email, even a fake one and that will stop after less than a dozen posts.

          Hint: use the same name and email every time 😉

      30. Old Guy

        Even at todays prices we are getting screwed. Getting screwed and thinking we are being rewarded with a bargain price. Ten years ago the average price per gallon in the USA was $1.36

        • BJ

          Yeah and where I am we are still paying 2$m when the oil has dropped over 50% now…….BS, because I know they done went through all the more expensive crap by now. Yet if the oil price jumped back up, the gas stations would raise the prices back up tomorrow.

      31. Sinner

        According to Breitbart: December 2014 gun sales spiked by almost 300,000 over Dec. 2013 sales!

        “Riot” type shotguns, handguns, and AR carbines. Now what does that tell you about how people see their future?

        • Enemy of the State

          It tells me Im supporting the right group

          I am part of that number of sales , and I will NOT give up a dam thing

          • Warchild Dammit!

            Tells me that with all those on lists the recent 3D article brought up folks building their own,wonder how many that adds to the list yearly!

            • Kulafarmer

              Think about the hundreds of thousands of 80% receivers that are sold
              They even have some sweet 80% 1911 frames now,
              Speaking of making your own, have a friend who made a mold of an AR lower, wooden box with a silicone plug that was poured around a fully machined lower, it creates a perfect mold, he has been filling them with an epoxy and carbon fiber mix, injecting it with a modified paint pump he even made aluminum inserts he epoxies in to the molds that are the connecting points for the uppers and the buttstock to make them stronger, pretty cool and real clean, minimal cleanup sanding and so far have been performing quite well.

              • Warchild Dammit!

                Kula,remember you mentioning that.1911 80’s been around a long time/ak is a easy bend on metal brake,they make also 10/22/shotgun,hell,pretty much seen most represented excepting wheel guns.

          • the renegade braveheart

            Enemy, Braveheart was also part of that sales number and for the month before. I’m not giving up anything either.

            • Enemy of the State

              😉

        • Warchild Dammit!

          Sin,that is 300,000 more in month of Dec.,a total in Dec. of 2.3 million background checks!I will say though the background checks not only bullshit but unconstitutional!I saw nothing in the 2nd in regards to checks/licenses ect.,still need my amendment decoder ring I guess!

      32. swinging richard

        When energy prices started increasing we were warned that it would cause an increase in prices all across the board. Energy prices decrease and we are told to expect an economic downturn and possible collapse in the energy sector. I think we need much wiser people in charge of the energy sector. If the only way they can be profitable is being allowed to gouge the consumer, then its time for new blood.

      33. ANONB4

        Believe it or not OIL is the worlds life’s blood 98% of everything is tied to oil, clothes, food production, etc. everything. Those that control the oil control the world period. WWIII will be started over OIL. Forget about nuclear, forget about coal, forget about any thing else, everything is tied to OIL. Those that control the OIL control the world and yes the worlds economy’s are controlled by OIL.

      34. SmokinOkie

        Just had a great idea! Let’s open a chain of chicken-fried sushi restaurants. We’ll cook in corn oil… or for that matter, West Texas Intermediate! Makes me hungry just thinking about it!

      35. slingshot

        On the subject of Petrol products

        You might want to get some engine oil. Bar and Gear Oil, Transmission fluid. Power steering, brake fluid and other assorted lubricants. Don’t forget filters for gas and oil.

        Some is better than none.

        • Genius

          slingshot, good point! Also spark plugs and tune up parts. Maybe a trip to the salvage yard for cheap spare parts too such as starters, alternators, water pumps, etc. Tire plugs and a spare computer chip for ignition (kept in an emp proof container), tire irons, chains, belts, hoses, etc. I have at least 20 gallons of motor oil lol,

        • BJ

          I want to look into seeing if I can find a 500 gallon tank and have it filled with gas once I think it is at bottom price.

      36. CrazyCanucj

        BOOM and BUST ! Welcome to the oil industry , as a western Canadian I’ve seen a few of these on my life . It will be back in a year or so , relax and enjoy the cheap gas .

      37. Kulafarmer

        The stock market is totally detached from reality,
        Sort of a trip,
        People who just look at the market numbers and dont delve into the data are going to have a rude awakening at some point.

      38. TEST

        Speaking of free speech and the attack on Charlie Hebdo in Paris, any update on those other journalists murdered for their free speech, such as Andrew Breitbart, Tom Clancy and Michael Hastings?

        Yeah, right. Each one was just an “accident” or “medical problem” right?

      39. Chantilly Lady

        This is bad news alright. Have ya’ll heard about Satander, one of the largest banks in Europe having their stock suspended? Seems they need to raise billions in capital. European banks are more leveraged than here in the US. So between leveraged derivative bets and fractional reserve lending, you can imagine what their exposure really is. My question what went bad? unhedged derivative? Wonder who else, Yikes! Citi will be one to watch since they basically wrote the legislation recently enacted for FDIC coverage of derivatives. News of layoffs at some of the blue chip companies- Coke, etc, retail stores closing.. Its going to be ugly..

        • durango kidd

          Expect more closures of European Banks. This is the equivalent of the American S&L Debacle to consolidate deposits and business into the top tier banks and eliminate competition.

          I mentioned that here a year ago. Its in the archives. 🙁

          • WhoWuddaThunkIt

            Duranged dingo Nobody cares about your posts, most are wrong when you discuss financial info. Tell us again how it costs Saudi’s $80 to produce a barrel of oil. Still waiting for your fact link or source on that whopper.

      40. Just sayin'

        Dont forget that the Rockefeller Brothers Foundation said this past summer that they were divesting of their petro oil holdings and going to invest in “alternative energy”.

        Now the price of oil keeps falling.Hummmmmm?

      41. ANONB4

        The cost of oil production here in the U S A is basically getting rid of the saltwater that comes with it. The vast majority of the oil in the U S is what’s known as water driven; simply put oil floats on top of water so to get the oil you have to bring the water with it. This water must be disposed of some way and the majority is injected back into underground formations. Lift cost must also be figured in here, but like in the middle-east their oil is still under pressure and therefor flows to the surface freely so to speak of. They also have very little water to deal with, therefore production cost are at a minimum. I understand that Russian crude is very heavy (thick) witch increases their production cost quite high. I’ll say it again OIL will be at the base of WWIII he who controls the OIL controls the world.

        • Old Guy

          We have oil wells in south Arkansas. And that water is valuable. Its called brine. There are chemicals in the brine that makes the brine more valuable than the oil. When the chemical are extracted the water is turned into harmless seam. It don’t cost oil companys money to get rid of the water. It makes them money

      42. dazed and confused

        Oil is too high, the economy will crumble!!
        Oil is too low, the economy will crumble!!
        What a bunch of crap.

        • anonymous

          yes, dazed and confused, you are a bunch of crap.

          • Anonymous

            Exactly WHERE does dazed and confused have it wrong? Seems that EITHER way the price of oil goes somebodies ox is going to get gored and SOMEBODY is always screaming about how it’s gonna be the end of the God Damned world as we know it. He’s right, it’s ALL bullshit served up on a platter for the ignoramuses who need a daily fix of doom porn.

      43. good guy

        ARE WE READY ?
        THERE IS A STORM COMING
        WHEN IT COME I DO NOT KNOW

        BUT!!!!

        ITS COMING

        • slingshot

          Good Guy.

          There are many that are not the slightest form of being ready.

          Four basic tools. Saw, Shovel, Hatchet, Knife.

          Extend that to Backpacks, Chest rigs, and Load Bearing gear. ALICE or MOLLE.

          If you have an AK. and a 4 pocket chest rig.
          Load up the mags with bullets. Put them in the chest rig. Put a mag in the Ak. and carry that stuff around with you all day long. Feel the Weight.

          So how many rounds will you bring to a gun fight? Ten or One hundred.

          Look at SWAT TEAMS EQUIPMENT.

          Most are not even close to being ready.

      44. Satori

        ********** H7N9 UPDATE **********

        H7N9 has been off the radar for quite some time now
        but it’s still out there
        there have been a few recent cases lately

        a short article
        well worth a few minutes of your time
        H7N9 DEFINITELY has pandemic potential

        Genes make H7N9 nimble killer, study finds

        http://www.scmp.com/news/china/article/1677751/genes-make-h7n9-nimble-killer-study-finds

        “A deadly bird-flu strain first reported among humans two years ago is a swift transformer loaded with more genetic ammunition than previously thought, a mainland study reveals.

        Researchers found that much of the virus’ deadly power came from within, and at least half of its six genes are capable of causing illness in humans.

        They also found that H7N9 changed rapidly after finding a new host. In some cases mutations that helped it survive better in mammals appeared in just four days, enabling the virus to spread quickly and inflict more damage inside the new host”

      45. Ass hat

        I Listen to talk radio and today they were talking about the stupid tv news talking about the cold like it was a new discovery .and how people don’t dress right for cold . So basically we are all stupid people and we need media to tell us to wear hats and gloves. Maybe they are new to the northeast but I’ve been here for 37 winters and work outside for hours during the coldest hours of the nite. They cancelled school in the city because they were worried about the kids being cold for 10 min waiting for the bus way to go let’s teach kids not to overcome any discomfort in life when they can just stay home. My kid went to school today I don’t care if he’s cold suck it up and deal with it I do. If these kids parents can’t get their kids coats gloves and hats maybe they don’t deserve to have kids that is neglect IMHO . Parents can go into any senior center and the will give brand new coats to the kids free.It is fuckin sad scumbags don’t provide for their kids but they get themselves that 40 oz beer and cigarettes. And the city knows they are deadbeats . The cold here is just normal move south if you can’t handle it . I myself love it I’m like a polar bear. I watch the warm blooded type people covered head to toe and they hate cold they need thicker blood . Haha people are so dumbed down .expect more wimpy people in the world. These women at the school want to pad the whole gymnasium so a kid don’t get a head injury it’s like stupid women make the decisions. For all the kids in the school I’ve had it with it all. Handling the cold doesn’t require bravery just common sense.

      46. Archivist

        The Baltic Dry Index has just matched its low for the past year at 724. It’s still going down.

      47. southside

        Disagree w/u DK. Export oil,put a dent in our debt. Keep oil workers working,raise oil prices a bit. Everything will work out.

      48. Chris G.

        Those Poor oil companies..I’ll send them $10…..fu*koff

      49. ANONB4

        A reminder for those who forgot or for many that didn’t know
        Here is what will happen on January 1, 2015 :

        Top Medicare tax goes from 1.45% to 2.35%

        Top Income tax bracket goes from 35% to 39.6%

        Top Income payroll tax goes from 37.4% to 52.2%

        Capital Gains tax goes from 15% to 28%

        Dividends tax goes from 15% to 39.6%

        Estate tax goes from 0% to 55%

        Remember these facts:

        These taxes were all passed only with democrat votes, no republican voted for these taxes.

        These taxes were all passed under the Affordable Care Act, aka Obamacare.

      50. ANONB4

        Did You Know ?

        1. Your shoes are the first thing people subconsciously notice about you. Wear nice shoes.

        2. If you sit for more than 11 hours a day, there’s a 50% chance you’ll die within the next 3 years.

        3. There are at least 6 people in the world who look exactly like you.

        There’s a 9% chance that you’ll meet one of them in your lifetime.

        4. Sleeping without a pillow reduces back pain and keeps your spine stronger.

        5. A person’s height is determined by their father,

        and their weight is determined by their mother.

        6. If a part of your body “falls asleep”, You can almost always “wake it up” by shaking your head.

        7. There are three things the human brain cannot resist noticing, food, attractive people and danger.

        8. Right-handed people tend to chew food on their right side

        9. Putting dry tea bags in gym bags or smelly shoes will absorb the unpleasant odor.

        10. According to Albert Einstein, if honey bees were to disappear from earth, humans would be dead within 4 years.

        11. There are so many kinds of apples, that if you ate a new one everyday, it would take over 20 years to try them all.

        12. You can survive without eating for weeks, but you will only live 11 days without sleeping.

        13. People who laugh a lot are healthier than those who don’t.

        14. Laziness and inactivity kills just as many people as smoking.

        15. A human brain has a capacity to store 5 times as much information as Wikipedia.

        16. Our brain uses the same amount of power as a 10-watt light bulb!!

        17. Our body gives enough heat in 30 mins. to boil 1.5 liters of water!!

        18. The Ovum egg is the largest cell and the sperm is the smallest cell !!

        19. Stomach acid (conc. HCL) is strong enough to dissolve razor blades!!

        20. Take a 10-30 minute walk every day & while you walk, SMILE. It is the ultimate antidepressant.

        21. Sit in silence for at least 10 minutes each day.

        22. When you wake up in the morning, pray to ask God’s guidance for your purpose, today.

        23. Eat more foods that grow on trees and plants and eat less food that is manufactured in plants.

        24. Drink green tea and plenty of water. Eat blueberries, broccoli, and almonds.

        25. Try to make at least three people smile each day.

        26. Don’t waste your precious energy on gossip, energy vampires, issues of the past, negative thoughts or things you cannot control. Instead invest your energy in the positive present moment.

        27. Eat breakfast like a king, lunch like a prince and dinner like a college kid with a maxed out charge card.

        28. Life isn’t fair, but it’s still good.

        29. Life is too short to waste time hating anyone. Forgive them for everything.

        30. Don’t take yourself so seriously. No one else does.

        31. You don’t have to win every argument. Agree to disagree.

        32. Make peace with your past so it won’t spoil the present.

        33. Don’t compare your life to others. You have no idea what their journey is all about.

        34. No one is in charge of your happiness except you.

        35. Frame every so-called disaster with these words:

        ‘In five years, will this matter?’

        36. Help the needy, Be generous! Be a ‘Giver’ not a ‘Taker’.

        37. What other people think of you is none of your business.

        38. Time heals everything.

        39. However good or bad a situation is, it will change.

        40. Your job won’t take care of you when you are sick.

        Your friends will. Stay in touch.

        41. Envy is a waste of time. You already have all you need.

        42. Each night before you go to bed, pray to God and be thankful for what you’ll accomplish, today.

        43. Remember that you are too blessed to be stressed.

        • Anonymous

          Get a life there lady!

        • WhoWuddaThunkIt

          AnonB4 – Half your list is BS. Try again and get back to us. I give it about a C-.

      51. Ass hat

        A bust always follows a boom just the way it is . Expect it

      52. PO'd Patriot

        Heard on faux news this morning, General Mills closing two mills to lay off 500.

      53. JRS

        This is what will make demand hard to catch up with supply. Demand destruction at work:

        Coca Cola…………………………..1600-1800
        Standard Chartered(Int)………………4000
        Caterpillar…………………………200
        Antero Resources…………………….250
        US Steel……………………………756
        Pillsbury/General Mills………………500
        Wet Seal 338 stores………………….3700
        JC Penney 40 stores………………….2250

        These are from just the past couple days

        Many of these are good paying jobs that are not coming back. These people will have to cut back on their discretionary spending and more people will be laid off as a result. It’s a deflationary spiral and it is worldwide.

        If you can’t supply and grow your own food and live off the grid, you will be screwed.

        Get crackin’

        • PO'd Patriot

          Ain’t it the truth….Aint…it…the…truth…”Snagglepuss”

      54. KY Mom

        The Zombiefication Of America

        “It has become exceedingly apparent that most Americans no longer think for themselves. Rather, most conversations in America today consist of an exchange of sound bites, phrases, ideas and talking points that the “matrix” has fed us. Most of us are just zombies that spend our days searching for the things that we are desperately craving. For fictional zombies, that usually consists of brains.

        For American zombies, that usually consists of something that will feed our addictions. Our society is breaking down in thousands of different ways, and we can see the evidence of this all around us.”

        http://www.zerohedge.com/news/2014-12-29/zombiefication-america

      55. JRS

        More Demand Destruction…

        ——————-US gasoline usage(EIA)—————-

        Jan 2006…60.2 million gal/day (MGD)
        Jan 2010…53.6 MGD
        Jan 2014…18.0 MGD

        Here’s the recovery when the price collapsed…

        Sept 2014…20.8 MGD
        Oct 2014…27.0 MGD

        Still not even half the demand as in 2006, but from Sept to Oct it looks impressive. Most of that demand is gone for good.

      56. Satori

        2015: The War on Our Intuition That Something Is Fundamentally Amiss

        http://charleshughsmith.blogspot.com/2015/01/2015-war-on-our-intuition-that.html

        “This is the source of national nervous breakdowns: those benefiting from the current arrangement–the privileged few and the vested interests skimming personal wealth from the political machinery and the economy–see only rosy statistics that verify their own privileged perspective that everything’s going great.

        Those whose experience is decidedly un-great see the problem differently: the problem is the political machinery and the corporate media are trying to manage perceptions rather than tackle the dysfunctional reality.”

        “Those outside the privileged few and the protected fiefdoms of vested interests–public unions, cartels, Wall Street, K Street, bankers, etc.–are constantly told their perception is the problem: the statistics and Wall Street prove everything’s going great, so get with the program and stop being negative.

        This of course goes hand in hand with blaming the less privileged: if only you worked as hard as we do, you wouldn’t be experiencing anything but blue-sky prosperity.

        This is of course the default perspective of privilege: overlook the unspoken advantages of privilege and lecture the less privileged on how they would be doing just fine if they were inside the gated fiefdoms instead of toiling in the wastelands beyond the walls of wealth and political power.”

        the question is
        have enough people woken up to do something about it ?

      57. Ron Ahrens

        Anything that bankrupts the Corporatist Fascists and helps bring the collapse is good for freedom and justice. The sooner the Stasi Fascist shithole of Murica collapses, the sooner we can round up and arrest all the GENOCIDAL fascist shit stains and their boot licking GENOCIDE supporters still waving that evil fascist Murican Flag and singing that indoctrinated slave anthem of the Murican Zombies. .

      58. old70

        here we go with God again, some cloud in the sky, here today, gone tomorrow

      59. SilentNoMore

        OK, So let me get this straight.

        Rising oil prices are bad for the economy because they are a component of practically everything else produced, so prices rise and consumer demand decreases.

        But falling oil prices are bad for the economy because oil drilling and service companies layoff or cutback on hiring.

        Some commenters above have suggested the government fix the price of oil at $70/barrel (just another intervention of the government into natural market forces at work). So if fixing the price at $70 is good, why not $100 or even $200?

        You can’t have it both ways.

        BTW, what’s good or bad for the economy doesn’t mean it’s good or bad for Wall Street.

        • BJ

          Damn that was good SNM 🙂

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