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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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 Definitely this thing is about to rocket. Brace yourself as oil skyrockets coz of this stupid persian tension  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Well EU has just announced they've come to an agreement on banning iranian oil imports. And immediately Brent & WTI prices are furiously rallying One ugly show this... 2012 has started on the flip side... Whacky ride ahead without seatbelts... Will the weak global economy stand the coming oil price shock... Definitely bears (sell side) will be on a roll... Update - rink - http://af.reuters.com/ar...ws/idAFB5E7NR00820120104$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Yep, the headlines are getting cranky. US debt now past 100% as the global debt bomb ponzi continues... http://www.arabianmoney....reece-threatens-default/$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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It is said that war (well at least initially) 'rallies the nation together'. Maybe that is what Obama is looking for with Iran and in the process secure re-election as the nation will no doubt 'forge together during these difficult times' Let it unfold... GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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hisah wrote:Definitely this thing is about to rocket. Brace yourself as oil skyrockets coz of this stupid persian tension Just freaking great!!! I swear I'm buying a donkey, Ahmadinejad yani tuone huruma, that strait of whatever that you are threatening to close American News update 1. China...bad 2. N.Korea.. even worse 3. Iran ...Evil!! And in other news, a cat was trapped and almost died in a tree. Brave firefighters rescued it bla bla bla, actually this other cat is hilarious http://www.washingtonpos...3/gIQAmoRzYP_story.html
Then EK has been given a delisting notice http://www.fool.com/inve...-this-broken-stock.aspx
What more bad news could there be?? I know someone will make a killing off all this, this game is tough!
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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youcan'tstopusnow wrote:It is said that war (well at least initially) 'rallies the nation together'. Maybe that is what Obama is looking for with Iran and in the process secure re-election as the nation will no doubt 'forge together during these difficult times'
Let it unfold... My Econ professor once told us that war is good!! Ofcourse as long as you win,creates alot of opportunities. Though the Bush war def did not rally the nation together. Aki if Obama angers Ahmadinejad, yani I might as well just start selling my kidneys, that guy does not know how to be nice  I know the US is trying to bully him, but Gotdamn!!! Oil is too expensive!!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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What i'm finding very funny is that fundamentally a lot of refineries are being shutdown in the West for over-capacity due to low demand. So EU sanctioning Iran at this point is just a PR exercise in my view coz the truth is they don't need the crude for reasons very clear to a smart person. I'm still very bearish on Crude. Screw the smoke screens.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:What i'm finding very funny is that fundamentally a lot of refineries are being shutdown in the West for over-capacity due to low demand. So EU sanctioning Iran at this point is just a PR exercise in my view coz the truth is they don't need the crude for reasons very clear to a smart person. I'm still very bearish on Crude. Screw the smoke screens. Matter of fact! KPRL expansion should be fast-tracked so that we can supply the remaining demand in the EU!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Another issue arising from Western sanctions on Iranian oil is that it gives bargaining power to China & India to get cheaper crude from Iran hence, more growth for China & India! Catch 22 pap!
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Cde Monomotapa wrote: Catch 22 pap! What has just been said?? Pliz rudia pole pole, I'm looking at it from a Micro not Macro point of view, if Iran blocks the strait, oil skyrockets, bad for consumer, right? Even worse if Obama "overreacts" and attacks Iran, WW III.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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I know he is just talking, but still http://thinkprogress.org...torum-iran-attack-plan/
And the comments at the end are hilarious.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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It can't happen under chings & russian watch. This one is a powder keg scenario. Whichever way it pans out, it's highly explosive!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:What i'm finding very funny is that fundamentally a lot of refineries are being shutdown in the West for over-capacity due to low demand. So EU sanctioning Iran at this point is just a PR exercise in my view coz the truth is they don't need the crude for reasons very clear to a smart person. I'm still very bearish on Crude. Screw the smoke screens. @cde - more on the overcapacity drama unfolding in euroland.
Soon petroplus will join the ever growing list of bankruptcy deadwoods... The stock has been hammered 20% down for the day.
http://www.reuters.com/a...r-idUSTRE8040UD20120105
Meanwhile italian financial stocks are being clobbered today led by unicredit... Unicredit rights issue price adding to its price hammering.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Wawache kutufunga macho with scapegoats.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Oh Happy New year Wazuans, here's to hoping we all make more money, invest it all, spend less and that these stocks rally so we can cash out at the top. Dreams do come true, even though the market is down it will go back up. Happy 2012, year of the Dragon.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Nabwire wrote:Oh Happy New year Wazuans, here's to hoping we all make more money, invest it all, spend less and that these stocks rally so we can cash out at the top. Dreams do come true, even though the market is down it will go back up. Happy 2012, year of the Dragon. Ching year of the water dragon. I hope it drowns the looming oil price rally...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:Nabwire wrote:Oh Happy New year Wazuans, here's to hoping we all make more money, invest it all, spend less and that these stocks rally so we can cash out at the top. Dreams do come true, even though the market is down it will go back up. Happy 2012, year of the Dragon. Ching year of the water dragon. I hope it drowns the looming oil price rally... Western shrinkage will most definetly shrink Eastern Export Industrial capacity. That you can take to the bank.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Cde Monomotapa wrote:hisah wrote:Nabwire wrote:Oh Happy New year Wazuans, here's to hoping we all make more money, invest it all, spend less and that these stocks rally so we can cash out at the top. Dreams do come true, even though the market is down it will go back up. Happy 2012, year of the Dragon. Ching year of the water dragon. I hope it drowns the looming oil price rally... Western shrinkage will most definetly shrink Eastern Export Industrial capacity. That you can take to the bank. So we should all get on our knees and pray for Western recovery and expansion 
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Nabwire wrote:Cde Monomotapa wrote:hisah wrote:Nabwire wrote:Oh Happy New year Wazuans, here's to hoping we all make more money, invest it all, spend less and that these stocks rally so we can cash out at the top. Dreams do come true, even though the market is down it will go back up. Happy 2012, year of the Dragon. Ching year of the water dragon. I hope it drowns the looming oil price rally... Western shrinkage will most definetly shrink Eastern Export Industrial capacity. That you can take to the bank. So we should all get on our knees and pray for Western recovery and expansion In the medium term, NO! It is sub-Saharan Africa's time to rise and finally we can eat our own cooking (resources) to drive the growth
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