Thanks for the welcome.
I've already found some interesting posts.
It can only get better.
PeakOil is You
Hello Pt 5
Re: Hello
by coyote » Mon 14 Jul 2008, 21:12:01
Welcome Maddog. Always good to have perspective from someone in the industry!
Lord, here comes the flood
We'll say goodbye to flesh and blood
If again the seas are silent in any still alive
It'll be those who gave their island to survive...
We'll say goodbye to flesh and blood
If again the seas are silent in any still alive
It'll be those who gave their island to survive...
-
coyote - News Editor
- Posts: 1979
- Joined: Sun 23 Oct 2005, 03:00:00
- Location: East of Eden
Re: Hello
by Ferretlover » Mon 14 Jul 2008, 22:39:43
Welcome, Maddog, to PeakOil.com!
We have a wide variety of poster personalities, and an even wider collection of topics to check out.
We have a wide variety of poster personalities, and an even wider collection of topics to check out.
"Open the gates of hell!" ~Morgan Freeman's character in the movie, Olympus Has Fallen.
- Ferretlover
- Elite
- Posts: 5852
- Joined: Wed 13 Jun 2007, 03:00:00
- Location: Hundreds of miles further inland
Re: Hello
by Maddog78 » Tue 15 Jul 2008, 11:09:52
Thanks for the welcome.
I've always felt the peak oil theory was not just a theory but I had felt the time line would be pushed out further than others thought due to the fact that oil co. sharply reduced exploration after the oil crashes of 1986 and 1998. It was my feeling that in the 2000's they were not spending as much as they could on exploration due to not fully believing prices would stay high. Does anybody remember The Economist article around 1999 or so predicting $2/bbl oil? Thinking like this killed exploration budgets. Now they want to explore more but nationalistic countries and politics are limiting the amount of exploration they can do.
Very interesting times for sure.
I've always felt the peak oil theory was not just a theory but I had felt the time line would be pushed out further than others thought due to the fact that oil co. sharply reduced exploration after the oil crashes of 1986 and 1998. It was my feeling that in the 2000's they were not spending as much as they could on exploration due to not fully believing prices would stay high. Does anybody remember The Economist article around 1999 or so predicting $2/bbl oil? Thinking like this killed exploration budgets. Now they want to explore more but nationalistic countries and politics are limiting the amount of exploration they can do.
Very interesting times for sure.
-
Maddog78 - Heavy Crude
- Posts: 1626
- Joined: Mon 14 Jul 2008, 03:00:00
Howdy From Wyoming
by energymiser » Sun 10 Aug 2008, 15:09:49
Local oil friends tell me there is no shortage of oil --- I grin and say there is no shortage of gold either, yet in 1953 you could buy an ounce of gold for $35. As an old [breakwind] who learned the hard way, I am a believer in peak oil. A couple of years ago a friend of ours (Carla Emery, who has since passed on) alerted us to the theory. There's so dang much dust in Wyoming, maybe we had our heads buried, but not now. We do every thing we can to individually save energy and to enlighten others. This is a great, informative forum.
- energymiser
- Wood
- Posts: 2
- Joined: Thu 07 Aug 2008, 03:00:00
Re: Howdy From Wyoming
by pup55 » Sun 10 Aug 2008, 19:36:27
Hello, energymiser.....
I always liked wyoming a lot. Everyone should be required to take the drive between Sheridan and Cody at least once, preferably in a motorhome with bad brakes. There is a 3000 foot elevation drop in about 10 miles on that route.
At the bottom is a delightful little town, I think Greybull, which I always thought was quite nice.
I always liked wyoming a lot. Everyone should be required to take the drive between Sheridan and Cody at least once, preferably in a motorhome with bad brakes. There is a 3000 foot elevation drop in about 10 miles on that route.
At the bottom is a delightful little town, I think Greybull, which I always thought was quite nice.
-
pup55 - Light Sweet Crude
- Posts: 5249
- Joined: Wed 26 May 2004, 03:00:00
Re: Howdy From Wyoming
by aldente » Sun 10 Aug 2008, 19:52:07
I heard about the dust and winds in Wyoming, especially Casper. Is it true that you have to park the cars there some times heading the wind, just so that the door is not ripped away when opening it?
-
aldente - Permanently Banned
- Posts: 1554
- Joined: Fri 20 Aug 2004, 03:00:00
Re: Howdy From Wyoming
by energymiser » Tue 12 Aug 2008, 13:16:08
Yes, yes, and maybe. The drop to Greybull is stunning. Casper and the Casper Mountain area is extremely windy, but maybe not the windiest in the state. I guess the door could get ripped off in those circumstances, anywhere. Wind power is emerging [finally] in the "windy" state (and I don't mean from campfire beans). Rocky Mountain Power has plans for two or three new wind farms.
- energymiser
- Wood
- Posts: 2
- Joined: Thu 07 Aug 2008, 03:00:00
Hello fellow PO"S
by roadrunner » Sat 30 Aug 2008, 17:18:55
Hi just wanted to be polite and post here first. I've been reading for a little while and found this site to be very interesting. Hope to find some useful info on several different topics, such as making your own greenhouse and putting food by. Always looking for innovative ways to make the garden produce a little more.
-
roadrunner - Wood
- Posts: 23
- Joined: Sat 30 Aug 2008, 03:00:00
- Location: the green mountains
Re: Hello fellow PO"S
by Ferretlover » Sat 30 Aug 2008, 18:05:54
Welcome to PeakOil.com, Roadrunner. Be sure to read the new COC (Code of Conduct); you might also want to read the "How to get around this site without losing your mind" thread, which can be found in the Welcome forum.
"Open the gates of hell!" ~Morgan Freeman's character in the movie, Olympus Has Fallen.
- Ferretlover
- Elite
- Posts: 5852
- Joined: Wed 13 Jun 2007, 03:00:00
- Location: Hundreds of miles further inland
Re: Hello fellow PO"S
by patience » Sat 30 Aug 2008, 22:27:08
Welcome, Roadrunner!
The gardening threads and search function will get you going. And check out my favorite, the "Planning" section, especially, "Today I made/bought/ learned, for a PO future".
The gardening threads and search function will get you going. And check out my favorite, the "Planning" section, especially, "Today I made/bought/ learned, for a PO future".
Local fix-it guy..
-
patience - Resting in Peace
- Posts: 3180
- Joined: Fri 04 Jan 2008, 04:00:00
Re: Hello fellow PO"S
by Ronin » Sun 31 Aug 2008, 02:50:02
Hello roadrunner
Have you ever been caught?
meep meep
Have you ever been caught?
meep meep
Your character is your destiny.
-
Ronin - Peat
- Posts: 76
- Joined: Wed 18 Jun 2008, 03:00:00
- Location: Nth-East Oz
Hello, sorry not my first post.
by MonexFRAUD » Wed 03 Sep 2008, 00:00:28
Hello everyone.
This is not my first post, but I saw this today and thought I should post here out of respect for the request.
Thanks for having me on your forum!
This is not my first post, but I saw this today and thought I should post here out of respect for the request.
Thanks for having me on your forum!
-
MonexFRAUD - Wood
- Posts: 33
- Joined: Sat 30 Aug 2008, 03:00:00
Re: Hello, sorry not my first post.
by Carlhole » Wed 03 Sep 2008, 00:53:04
I was a commodity broker for a hellish year and half in the late 80's. I used to work with a gang of former Monex guys who had been with that company before the CFTC limited it to only leveraged metals.
Man, they were smooth. Virtual criminals. Good coke though! And plenty of chicks. Are you from Southern California?
Man, they were smooth. Virtual criminals. Good coke though! And plenty of chicks. Are you from Southern California?
- Carlhole
Re: Hello, sorry not my first post.
by MonexFRAUD » Wed 03 Sep 2008, 01:00:20
$this->bbcode_second_pass_quote('Carlhole', 'I') was a commodity broker for a hellish year and half in the late 80's. I used to work with a gang of former Monex guys who had been with that company before the CFTC limited it to only leveraged metals. Man, they were smooth. Virtual criminals. Good coke though! And plenty of chicks. Are you from Southern California?
Yeah I get the impression that the insiders have got the most interesting stories to tell! From what research I've done, I've come to the tentative conclusion that without extensive political bribery the company would have been disposed of long ago.
Yes I'm from SoCal.
-
MonexFRAUD - Wood
- Posts: 33
- Joined: Sat 30 Aug 2008, 03:00:00
Re: Hello, sorry not my first post.
by Carlhole » Wed 03 Sep 2008, 01:32:07
$this->bbcode_second_pass_quote('MonexFRAUD', '')$this->bbcode_second_pass_quote('Carlhole', 'I') was a commodity broker for a hellish year and half in the late 80's. I used to work with a gang of former Monex guys who had been with that company before the CFTC limited it to only leveraged metals. Man, they were smooth. Virtual criminals. Good coke though! And plenty of chicks. Are you from Southern California?
Yeah I get the impression that the insiders have got the most interesting stories to tell! From what research I've done, I've come to the tentative conclusion that without extensive political bribery the company would have been disposed of long ago. Yes I'm from SoCal.I lived around there for about 20 years - Newport, Costa Mesa, Santa Ana, Laguna Hills...
There were little IB's (Introducing Brokers) all over the place there. The best places would have the Criminals-In-Chief doing a radio or TV show where they would hype up some commodity, usually one that had soared in the past -- like silver or sugar.
Then all the little helper criminals would be ready to man the phones as the calls began pouring in. If you were a talented helper criminal, the chief's would feed you the best leads or the most leads or whatever.
And the whole job was to keep the greedy excitement of a "sure thing" alive in the mark's mind and close the deal. I really felt like a lizard doing it. And I discovered that I couldn't sell things that I knew were phony.
I had actually started in the business all naive and banged down 15 accounts just like that simply because I believed in what I was doing. They were anywhere from $5,000 to $25,000. Of course, they all got torn up in the market virtually overnight and turned into fires I had to stamp out.
Then there was all the cold-calling I had to do... I found it incredible that many of the people who traded commodities seemed to actually have a mental disease. It was like, you call them up, they don't know you, but you talk to them in just this certain way as if you had ALWAYS been talking to them and knew all their vices and favorite trades and whole miserable history. It was kind of like leading them down this weird hypnotic path towards this new disastrous commodity trade which was going to blow out another $20,000.
These Monex brokers had big voodoo. They would actually yell out disgusting insults at customers, hang up on them, ridicule them... and these customers would keep coming right back for more. It was sick.
There was this one guy, though. His name was Mickey Dillon. He had an English accent and was very low key compared to all the rest of them. He was smooth and made a lot of money. He left Monex when the CFTC cracked down on them and all the rest of those guys joined him when he opened up his own IB. And that's where I met them.
I think he called his shop "Baron's Worldwide Financial" (one "r"). Downtown Irvine. It was just like being part of a pack of thieves.
- Carlhole
Re: Hello, sorry not my first post.
by MonexFRAUD » Wed 03 Sep 2008, 03:13:25
Jesus. How many of these boiler room operations are there do you think?
I guess people like myself get caught in the web of scum like that because we are honest and couldn't imagine there are actually sociopaths out there trying to hook us like fish. There is so much corruption that is allowed to continue it's unbelievable.
I've gotten to the point now where I just don't trust anything or anyone anymore.
I guess people like myself get caught in the web of scum like that because we are honest and couldn't imagine there are actually sociopaths out there trying to hook us like fish. There is so much corruption that is allowed to continue it's unbelievable.
I've gotten to the point now where I just don't trust anything or anyone anymore.
-
MonexFRAUD - Wood
- Posts: 33
- Joined: Sat 30 Aug 2008, 03:00:00
Re: Hello, sorry not my first post.
by Carlhole » Wed 03 Sep 2008, 04:11:17
$this->bbcode_second_pass_quote('MonexFRAUD', 'J')esus. How many of these boiler room operations are there do you think?
I never counted them -- but back in the late 80's/early 90's, I would guess there would have been 10 - 15 little IB's in the Newport/Irvine/Huntington Beach/Santa Ana area. They are always opening up and shutting down. It's almost like a carny atmosphere too; you get to know all the sharks and lizards slithering around. There are plenty of women in that business who can screw you out of all your money if you've got a weakness for gambling and the excitement of money. Monex, of course, was the biggest. It was the most well known operation. If you came from Monex in that industry, it was equivalent to telling people in the normal business world that you went to Duke University or something.
There are also a whole lot of various kinds reputable securities firms around there as well. There are big bond trading houses, well-known brokerages on every corner, big mortgage operations... There are plenty of little companies selling limited partnerships and raw land, real estate and development partnerships... And scummy little telemarketing scams are common in general around there, multi-level marketers abound...
Irvine is a little financial mecca. The little commodity shops are just the schlock end of a huge industry. There are more commodity brokers in CA and FL on average than other states -- I think because of easy business rules and corporate tax laws.
What kinds of sales pitches have you fallen for? I assume if you got burned at Monex, you were buying precious metals, right? Did you ever buy options or futures contracts like soybeans, oil, sugar, T-bond contracts from a broker?
Towards the end of my short career as a commodity broker, America was involved in the first Gulf War and we were all hyping oil on the radio. The phone was ringing off the hook. I was talking my clients into doing oil spreads so the money wouldn't get burned up quite so fast - this is where we go long a near contract and short a far contract. I was also doing financial spreads -- the TED Spread, the NOB Spread. It's been a while... I've forgotten a lot of it.
Some people can make money in commodities. But there is only a small chance to do it and you have to be very shrewd and very independent in your thinking. No one who uses a broker will ever make money because if you have a big winning trade, the broker will just talk you into doing another one and then you'll lose it.
When you get on the right side of a commodity trade, you can make tons of money fast, fast, fast. But those successful trades are so rare to come by. You have to be into just the right thing at just the right time. You usually have to absorb a string of losses in order to get on the right side of a trade in the first place. You have to cut your losses before you lose everything. Then you have to recognize that you're on a winning trade when it happens, and stay on it until the market is finished moving in your favor. To do that takes a certain talent. For most people it is sheer, nerve-wracking hell.
But, in truth, there ARE people who trade their own accounts at home on their own computer who can do OK and some even very well. It's just that hardly anybody can do that. And most people make the deadly mistake of listening to other people about the markets.
There might be an exception here and there to prove the rule, but the rule in the commodity business is that clients lose money.
I'm not the warmest, most cuddly creature in the universe, but I just didn't have the total lack of regard for others that you need if you are going to churn and burn other people's money all day and feel good about it. I think it is an addiction thing: Brokers are addicted to the easy scam and people who trade are addicted to the occasional winning thrill.
So, I quit and got a job with Merrill Lynch in Laguna Hills as a Financial Consultant. I did that for the next 4-5 years.
- Carlhole
.