And I'm Sure We've All Noticed How Oil Prices Are Vaulting Up Again . . .

. . . in the all-too-predictable the-coming-of-spring cycle.

Call your broker and go long, now. Anyone who gets in the way will be run over, in the traditional fashion.

Rule #1 in speculation: Do NOT get in the way of The Big Swing.

 

I went long on wiener futures, but it all ended up going wrong, horribly wrong.

 

Somebody sneezed in Iran. And even though the Saudis have promised to ramp up production to make up for anything the Iranians pull off the market, the speculators drooled because they could screw the public again.

And US producers are exporting record amounts to China and India, which is keeping the price artificially high here. Big oil says we need to drill more domestically to stop us from relying on foreign oil, then they export more than half of what we produce here because they can charge a higher price for it.

 

Gas up 10 cents around here, not going down any time soon it looks like.

 

Paid $3.19 Tuesday morning. Drove past the station today and it was at $3.45.

 

It was under $3 ($2.96) early last week here. By mid-week it was at $3.09. Yesterday it was at $3.19. That's price-gouging type spikes, except there's no crisis so it's just what the market dictates.

 

I drowned our broker in the galvanized tub we use to hand wash the laundry of the rich.

 

Yes I noticed this last week when I saw the article that said "Consumer confidence back on the rise." The next day oil prices went up.

Bastards.

 

" . . . RAMMING . . . SPEED . . . "

 

I think we can blame Iran for most of this.

And our addiction to oil for the rest.

 

The latter is valid, the former is an excuse for speculators to fuck with the livelihood of everyone on the planet.

 

Prices jumped $.15 here since yesterday to $3.59.