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"The fear and 'hype' has stuck"

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"The fear and 'hype' has stuck"

Unread postby PenultimateManStanding » Fri 17 Jun 2005, 16:13:09

http://www.bloomberg.com/apps/news?pid= ... E4j03VlhPw
$this->bbcode_second_pass_quote('', '
')June 17 (Bloomberg) -- Crude oil in New York surged to a record $58.60 a barrel on signs that producers will struggle to meet growing fuel demand during the second half of the year.

``There is no question that the market is going to $60,'' said Kyle Cooper, an analyst with Citigroup Inc. in Houston. ``There is a lot of fear and hype about the possibility of us running out of oil, and it has stuck.''
Looks like the cornucopian economists are beginning to see the light. This guy still uses phrases like 'running out' and 'hype' which tells me they don't quite get it yet, the economists, that is. I've read a lot of articles and essays that suggest that once the market analyst types percieve the peak oil threat as true then the markets will go crazy. Surveys show most analysts think the price is going up next week. This is turning into a day to day, week to week story. Could be a long hot summer.
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Re: "The fear and 'hype' has stuck"

Unread postby MD » Fri 17 Jun 2005, 16:16:22

$this->bbcode_second_pass_quote('PenultimateManStanding', 'h')ttp://www.bloomberg.com/apps/news?pid=71000001&refer=&sid=ahE4j03VlhPw
$this->bbcode_second_pass_quote('', '
')June 17 (Bloomberg) -- Crude oil in New York surged to a record $58.60 a barrel on signs that producers will struggle to meet growing fuel demand during the second half of the year.

``There is no question that the market is going to $60,'' said Kyle Cooper, an analyst with Citigroup Inc. in Houston. ``There is a lot of fear and hype about the possibility of us running out of oil, and it has stuck.''
Looks like the cornucopian economists are beginning to see the light. This guy still uses phrases like 'running out' and 'hype' which tells me they don't quite get it yet, the economists, that is. I've read a lot of articles and essays that suggest that once the market analyst types percieve the peak oil threat as true then the markets will go crazy. Surveys show most analysts think the price is going up next week. This is turning into a day to day, week to week story. Could be a long hot summer.


That's a pretty picture, the very markets responsible for the situation will be the same markets to tip the whole mess over the edge...f-in brilliant
Stop filling dumpsters, as much as you possibly can, and everything will get better.

Just think it through.
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Unread postby RonMN » Fri 17 Jun 2005, 16:25:01

and the dow is up 40+ points today...go figure (?)
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Unread postby PenultimateManStanding » Fri 17 Jun 2005, 16:29:14

I'm a believer that people reveal things by their choice of words. When Cooper says the fear and hype has "stuck" I think, "right, stick a fork in it, its finished" or "man, we're stuck now!"
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Unread postby MD » Fri 17 Jun 2005, 16:46:34

$this->bbcode_second_pass_quote('PenultimateManStanding', 'I')'m a believer that people reveal things by their choice of words. When Cooper says the fear and hype has "stuck" I think, "right, stick a fork in it, its finished" or "man, we're stuck now!"


The ramp up to mass awareness has me nervous. The initial reaction will likely have implications far into the future.
Stop filling dumpsters, as much as you possibly can, and everything will get better.

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Re: "The fear and 'hype' has stuck"

Unread postby Jack » Fri 17 Jun 2005, 16:55:59

$this->bbcode_second_pass_quote('PenultimateManStanding', 'I')'ve read a lot of articles and essays that suggest that once the market analyst types percieve the peak oil threat as true then the markets will go crazy. Surveys show most analysts think the price is going up next week. This is turning into a day to day, week to week story. Could be a long hot summer.


I agree. When the fear really starts to sink in, the markets will become irrational - but in doing so, they may cause demand destruction that will permit a temporary pullback. And that could reinforce the denial that we've all come across.

It may be that market volatility will make preparations for a soft landing even more problematic.
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Unread postby PenultimateManStanding » Fri 17 Jun 2005, 16:59:38

$this->bbcode_second_pass_quote('MD', '
')The ramp up to mass awareness has me nervous. The initial reaction will likely have implications far into the future.
Well we all know it has to happen at some point. Looks to me like Q3 and Q4 will be the watershed. That's why the guy on the Coast to Coast roundtable discussion of 9-11 last night who was talking about the suitcase nukes had me spooked. We could well be in the calm before the storm and its only weeks or months ahead. You know the old saying, 'when it rains, it pours.' A lot of different issues set to converge as we reach the breaking point.
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Re: "The fear and 'hype' has stuck"

Unread postby PenultimateManStanding » Fri 17 Jun 2005, 17:07:14

$this->bbcode_second_pass_quote('Jack', '
')
I agree. When the fear really starts to sink in, the markets will become irrational - but in doing so, they may cause demand destruction that will permit a temporary pullback. And that could reinforce the denial that we've all come across.
Yeah, you can hear the denial in the use of the word 'hype'. As long as the denial holds up, life goes on a little longer. We continue to have the Dow go up 40 points, etc. Baseball, barbecues, summer. But if for some reason the denial breaks down in the general population, and that includes market analysts like this Cooper fellow, then all bets are off. Stampede, radical events, panic.
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Unread postby MicroHydro » Fri 17 Jun 2005, 17:18:18

$this->bbcode_second_pass_quote('PenultimateManStanding', 'W')ell we all know it has to happen at some point. Looks to me like Q3 and Q4 will be the watershed. That's why the guy on the Coast to Coast roundtable discussion of 9-11 last night who was talking about the suitcase nukes had me spooked. We could well be in the calm before the storm and its only weeks or months ahead. You know the old saying, 'when it rains, it pours.'


Despite a toady press, the neocon regime is losing public opinion. The army keeps bleeding in Iraq and the Downing Street Memo won't go away. Feels like the low popularity the regime had in the summer of 2001. And we know what happened to boost their poll numbers after that.

Look for 'Iran', 'Venezuela', or 'North Korea' to attack another blue city. Highest risk areas would be Boston, Seattle, West Los Angeles, or San Francisco. Most likely a low property damage technique will be used to restart the flag waving. I doubt that radioactivity would be used since GE wants to build more power plants. Poison gas in the LA subway, Boston big dig, Seattle monorail, or BART would do it.
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