tag:blogger.com,1999:blog-99704500378481622.post1072490529920429538..comments2023-10-14T08:23:14.641-07:00Comments on The American Energy Crisis: Lehman Brothers, RIPA Quaker in a Strange Landhttp://www.blogger.com/profile/15425198389944137571noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-99704500378481622.post-25147501428439647742008-09-10T07:10:00.000-07:002008-09-10T07:10:00.000-07:00Lehman had to slash and burn through it's business...Lehman had to slash and burn through it's business to find assets to sell. A near 4 billion dollar loss, 93% divident cut and the stock is moving higher today? And the market is moving up? hahaha. <BR/><BR/>On an oil note, August global oil supply fell by 1.0 mb/d to 86.8 mb/d on North Sea maintenance, the BTC pipeline outage and lower OPEC supply. Non-OPEC output is revised by -180 kb/d for 2008 and by -85 kb/d for 2009, with hurricane outages impeding 2H08 supply. Non-OPEC growth including OPEC NGL is now 580 kb/d in 2008 and 1.56 mb/d in 2009.<BR/><BR/>And wait for this, the IEA is still expecting demand to increase this year, with the global recession and credit crunch. Whats going to happen to the markets when we start sliding from the peak...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-22382510061025038262008-09-10T00:05:00.000-07:002008-09-10T00:05:00.000-07:00The recent dollar upsurge sure has the feel of a b...The recent dollar upsurge sure has the feel of a bear market rally.<BR/><BR/>Russia today selling off USD holdings- who and how many will follow?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-52500376607395075772008-09-09T22:22:00.000-07:002008-09-09T22:22:00.000-07:00I'm by no means an expert, but isn't a fli...I'm by no means an expert, but isn't a flight to gold/silver a response to weakness (usually inflationary) in a currency? With the USD suffering deflation & holding steady as the Euro, AUD etc correct, that makes it more attractive than gold.<BR/><BR/>Of course, the US taxpayer is now on the hook for the Frannie debt, an enormous trade deficit and underfunded social services/pensions - all of which may encourage the govt to crank up the old printing presses sometime in the next 28 months ;)Andrewhttps://www.blogger.com/profile/10107468533376799315noreply@blogger.com