[mulroos]

“Options calls of strikes well over $100 a barrel are being bought by the thousands,” said Nauman Barakat of Macquarie Futures in New York.

http://www.ft.com/cms/s/0/d5a8517a-8bdd ... ck_check=1

The open interest in Nymex December 2010 call options at $100 a barrel rose on Monday to 24,903 contracts, double the level of the start of the year. The open interest at $120, $160 and even $250 a barrel is also rising although from a significantly lower level.

Denial, Panic, Fear.
It's funny. On MSNBC tonight they were trying to convince the "sh"people that the banking industry will be just fine. They haven't even talked about the 8 Trillion dollar (8Xs the world GDP)
market. All based on Adjustable rate mortgages. *see the credit suise chart. A nightmare.

http://www.bubbleinfo.com/statistics-20 ... edule.html

Calling the new market "an $8 trillion opportunity," Geltner offered his views on short-term price expectations, how profiles will likely change as liquidity increases, the impacts of new market entrants, sustainability of the current market structure, and global market shifts.

http://www.imakenews.com/mitcre/e_artic ... ?x=b11,0,w

The derivatives market is where they take a 200,000 dollar loan and leverage it to God knows what until it is, as Warren Buffet declared, FINANCIAL WMDs.

Why do I know what I now Know? Why couldn't I have at least had the last few years as an ignorant?

Sold my house in N.Y.. Moved to Fl.. Doing Microsoft BI for a company down here. Bought a 30' sailboat. In the process of refitting and accumulating supplies: solar, wind, water maker, can store several years of freezed dried.

It' been a while since I have posted, but I have been busy and am almost done. South America during hurricane season, Bahamas from Dec. to June. Perhaps trading routes will be established again.

I have read this board almost every day since I read Paul Roberts "The End OF Oil" and began researching Peak Oil. I have read most posts of interest.

This evening I watched Hardball with Chris Mathews. He had this young dreamer on talking about Global warming and being green. She stated that she had organized a 6000 people march for awareness. Pat Buchanan was also on the show. He said something very telling of one generation to another. While laughing at her he stated that when he was in the Nixon White House they had marches: on month 500,000, the next 350,000.
I remember those times. The coffins coming into Dover Delaware were on the news almost every night. We watched young men die on TV nightly, some from the neighborhoods we all lived in.
The reason there are no mass protests and revolution like the when the Republican convention in Miami, and the Democratic convention in Chicago were held is because WE ARE SOFT AND MATERIALISTIC.

How many of you remember those times. My dad had a loaded shotgun at the door due to the riots in Wilmington Delaware; the first city to enforce busing in the U.S.. These were bad times and many people were giving their lives and dying.

Friends we are on the precipice. It is happening now.
A blog I frequent is:
http://housingpanic.blogspot.com/
This fellow has been calling the housing bust and resulting financial debacle for years. He has been harassed and ridiculed for years, but he has been proven right.

This web cite is being proven right NOW.

I won't be posting perhaps for another while as I finish my preparations.

Remember choose steel rather than gold.
He who has steel has the woman, food, and then all the gold.

Good Luck.

[roccman]

Excellent post mulroos!

I have been reading and posting at housing panic since Keith started it up...

I don't post much there now - from time to time Keith sends me a, "you gotta be loving this" em.

Stay kewl and good luck with your preps.

[Carlhole]

[align=center][/align]

[DantesPeak]

$this->bbcode_second_pass_quote('', '�')��Options calls of strikes well over $100 a barrel are being bought by the thousands,” said Nauman Barakat of Macquarie Futures in New York.

[pup55]

$this->bbcode_second_pass_quote('', 'a')re being bought by the thousands

[Pfish]

Uhhh...I am missing something. All I see on the NY Stock Exchange is a downward trend. Oil trading for $70 in 2011.

http://futures.tradingcharts.com/marketquotes/CL.html

[TreebeardsUncle]

The traders will be suprised when Mexico oil exports fall off over the next 5 years. There will be many good buying opportunities. Expect 11/07 - 1/06 will be a good time to get into oil companies stocks again, not the majors but the drillers and some other servicers.

g

[aflurry]

$this->bbcode_second_pass_quote('pup55', '')$this->bbcode_second_pass_quote('', 'a')re being bought by the thousands

[AirlinePilot]

There is something else to remember about traders here which I think is very important.

You will get this If you can corner one and talk with them for a bit, I have.

Their focus is extremely short term, hours, days and rarely a week or so ahead. After that they dont care, they dont care to know about long term or why. All they care about is how do I make money in the next few minutes or hours. They start over every day with this same philosophy. I doubt frankly there are many energy traders at all who really know what is up with our current oil and NG problems.

They dont need to waste the time on research in order to make money. They use computers and programs to track trends and work models based on minute to minute moves. They play the immediate moves and try to use timing and psychology to make money.

They are a very bad group to watch for what you want to know about the future. All those long term positions will change, and I predict rather dramatically too.

[KevO]

$this->bbcode_second_pass_quote('AirlinePilot', 'T')here is something else to remember about traders here which I think is very important.

You will get this If you can corner one and talk with them for a bit, I have.

Their focus is extremely short term, hours, days and rarely a week or so ahead. After that they dont care, they dont care to know about long term or why. All they care about is how do I make money in the next few minutes or hours. They start over every day with this same philosophy. I doubt frankly there are many energy traders at all who really know what is up with our current oil and NG problems.

They dont need to waste the time on research in order to make money. They use computers and programs to track trends and work models based on minute to minute moves. They play the immediate moves and try to use timing and psychology to make money.

They are a very bad group to watch for what you want to know about the future. All those long term positions will change, and I predict rather dramatically too.

[mulroos]

I posted yesterday, after a while.
I have read this and other cites and after much research have unfortunately concluded that the information I have read is correct.
Yet, there seem to be many “POSERS” that confound me.

DantestPeak said, “A sign of speculators pushing up the price of oil”.
Pup55 said, ‘ for every buyer, there is a seller.”
Alfurry said, “ this is more about volatility than expectations of oil shortages.”
Computer trader, statistical models

OIL IS AT 97.00 A BARELL!
Are you too intellectually proud?

Be honest. Those who pose as financial and intellectual geniuses, do you still live in your mother’s basements and play some suede game on this board? Have you really started to prepare?

I became aware several years ago, and am almost ready.

If you can’t say that, peruse this board and don’t post.

When I taught, English Lit, I came across many who I knew were smarter than me or were pretending. This is how I knew:
POSER
• KNOW ALL THE FACTS
• I HAVE NO ANSWERS TO QUESTIONS EXCEPT RECITED FACTS
• TRIED TO PROVE BY BLUSTERING
• DIDN’T GRADUATE
• I COULD’NT POSSIBLY BE WRONG BECAUSE I HAVE LOCATED A FACT THAT COULD'NT POSSIBLY PROVEN WRONG.
STUDENT
• ASKED QUESTIONS
• QUESTIONED ANSWERS
• IT WAS “OK” TO BE WRONG
• WERE NOT AFRAID TO RETHINK
• I AM NOT THE RESULT OF WHO I AM NOW, BECAUSE TOMORROW I MAY BE PROVEN WRONG.

If you have been reading this board for over a year and you are not out of debt, and have substantially begun to prepare, DO NOT POST AGAIN. There is no financial planning; gold investment or anything else.
Be sure, I will not trade you anything in the future for a piece of worthless metal.
Do you have a piece of stout rope?
Stop posing. Stop posting. Start doing.

[AirlinePilot]

Bullets, you cannot have enough bullets!

[DantesPeak]

$this->bbcode_second_pass_quote('AirlinePilot', 'B')ullets, you cannot have enough bullets!

[Jack]

$this->bbcode_second_pass_quote('AirlinePilot', 'B')ullets, you cannot have enough bullets!

[aflurry]

$this->bbcode_second_pass_quote('mulroos', 'D')O NOT POST AGAIN.