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Dow and S&P 500 close at record highs. Nasdaq surges 1.8% on tech stock recovery
- Thread starter PICK3
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mrplunkey
New member
It's absolutely fantastic!
US Department of the Treasury
The Fed keeping interest rates artificially low and making the cost of capital virtually zero is the ultimate trickle-down policy.
US Department of the Treasury
The Fed keeping interest rates artificially low and making the cost of capital virtually zero is the ultimate trickle-down policy.
digimon7068
New member
wonder what's gonna happen to the market when the gubment stops using my grandkid's, grandkid's futures to subsidize our record low interest rates 
PICK3
New member
mrplunkey
New member
wonder what's gonna happen to the market when the gubment stops using my grandkid's, grandkid's futures to subsidize our record low interest rates
Picture this:
1) We've had a massive energy revolution via hydraulic fracturing. It's driven-down energy costs in massive ways.
2) We've been pumping $85B/month of pure crack cocaine cash into our economy every month.
3) Thanks to (2), capital is basically free.
So think about how incredibly badly our economy is sucking to not be growing more. It's unbelievably.
digimon7068
New member
yes...and it's unbelievable too!
butt seriously...wtf is going on??? entitlements and a fubar health care system???
mrplunkey
New member
yes...and it's unbelievable too!
butt seriously...wtf is going on??? entitlements and a fubar health care system???
There's no way to make the math work. We're 250+ billion off per year and probably more like 500 to 700 billion off.
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redsamurai
Banned
digimon7068
New member
natural gas? not here it hasn't...still dirt cheap...
redsamurai
Banned
do you put natural gas in your car digi? I was talking about gas at the pump. Utilities also seem to be rising slightly too. I'm just curious about this "massive" effect on energy prices.
mrplunkey
New member
do you put natural gas in your car digi? I was talking about gas at the pump. Utilities also seem to be rising slightly too. I'm just curious about this "massive" effect on energy prices.
It's called learning how to read a fucking chart, you retard.
mrplunkey
New member
Or are you just that mentally inept? Don't answer that. It's a rhetorical question.
http://www.fool.com/investing/general/2013/01/10/2-transportation-revolutions-to-buy-now.aspx
http://www.fool.com/investing/general/2013/01/10/2-transportation-revolutions-to-buy-now.aspx
redsamurai
Banned
So when does this massive reduction in energy costs become apparent in the consumer market? Gas and utility bills seem to have been unaffected by said "massive" reduction in energy costs. Why so?
mrplunkey
New member
So when does this massive reduction in energy costs become apparent in the consumer market? Gas and utility bills seem to have been unaffected by said "massive" reduction in energy costs. Why so?
Why would I give a fuck when it becomes "apparent in the consumer market"? Did I even use the word consumers?
Man-up one time in your pathetic, semen-stained ponytail life. I stated a fact about hydraulic fracturing, you shot your mouth off, got called-out, and are now trying to make this a consumer argument.
Let's see if you can do it just this one time. You got busted. Now step-up, borrow a pair of dad's big-boy pants and admit you were wrong.
digimon7068
New member
do you put natural gas in your car digi? I was talking about gas at the pump. Utilities also seem to be rising slightly too. I'm just curious about this "massive" effect on energy prices.
when plunkey referred to "fracking" i assumed he was alluding to natural gas extraction...and natural gas, per mcf, is still at like a friggin' 40 year low...or something crazy like that...
oh and, a recent study conducted by pw and the national manufacturer's association is projecting a 25% increase in domestic manufacturing jobs as a result of the massive influx of natural gas...
digimon7068
New member
it's an abbreviation for fracturing...and...there is no webster's dictionary, proper abbreviation for fracturing...personally? i think it ought to be fracting...
mrplunkey
New member
Why would I give a fuck when it becomes "apparent in the consumer market"? Did I even use the word consumers?
Man-up one time in your pathetic, semen-stained ponytail life. I stated a fact about hydraulic fracturing, you shot your mouth off, got called-out, and are now trying to make this a consumer argument.
Let's see if you can do it just this one time. You got busted. Now step-up, borrow a pair of dad's big-boy pants and admit you were wrong.
We're into day two of the man-up watch.
Let's see if Rnchscam can own-up to a mistake.
Pick3, wanna place a side bet?
PICK3
New member
wut dew I get if I win?
mrplunkey
New member
PICK3
New member
mrplunkey
New member
You get that anyway!
PICK3
New member
mrplunkey
New member
yeah, butt "anything goes" is cabana code for PICK3 ends up on bottom
a.k.a. "The usual"
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redsamurai
Banned
omg did I not log in yesterday Stopwatch(TM)? omg omg. Lol @ day 2.....anyway, if hydro fracking has driven down energy costs in "massive ways", your words not mine remember that, shouldn't the consumer market have been affected? I mean energy costs are being driven down in "massive" ways, the word massive can only imply substantial system wide reduction in costs seeing how integrated the energy market is.
mrplunkey
New member
I can see you still don't know how to read a fucking chart. Maybe Cybercollege can offer a course in that.
Go read those charts. Then put-on your big boy pants and say you shot your mouth off.
mrplunkey
New member
redsamurai
Banned
has plunkey answered any of my questions yet about why none of us is seeing "MASSIVE" reductions in our energy bills? No?
Thought as much.
Thought as much.
PICK3
New member
Thought as much.
you thought dick
redsamurai
Banned
I'm just gonna go ahead and answer my own question, cause I knew it all along was just trying to see if the monkey had anything of usefulness to say. He didn't.
Dream of U.S. Oil Independence Slams Against Shale Costs - Bloomberg
The shale boom is still in a work in progress...there's issues that still may stall it out.
Dream of U.S. Oil Independence Slams Against Shale Costs - Bloomberg
The shale boom is still in a work in progress...there's issues that still may stall it out.
redsamurai
Banned
you shot your mouth off by using the term "massive". It's probably the same term your stock picker used to sell you on an energy portfolio. Shale drilling is only going to get more expensive too, not less. Prices have to remain high to justify the expense of drilling as well. It is energy independence though so there is that. Otherwise though you shot another preemie there. Just like you did when you were zomg guys vibrams give you bone marrow edema, without even reading the very article you provided that you just assumed backed you up. What did it say there at the end? You have to gradually move to minimalist running? Dipshit. Penultimate lazy old fart for not even bothering to read a few short paragraphs. You could have at least made it to the conclusion you sock puppet.
mrplunkey
New member
you shot your mouth off by using the term "massive". It's probably the same term your stock picker used to sell you on an energy portfolio. Shale drilling is only going to get more expensive too, not less. Prices have to remain high to justify the expense of drilling as well. It is energy independence though so there is that. Otherwise though you shot another preemie there. Just like you did when you were zomg guys vibrams give you bone marrow edema, without even reading the very article you provided that you just assumed backed you up. What did it say there at the end? You have to gradually move to minimalist running? Dipshit. Penultimate lazy old fart for not even bothering to read a few short paragraphs. You could have at least made it to the conclusion you sock puppet.
tl&r;dr
Man-up, admit you're wrong and let's move on.
Plunkey, with all that coffee, do you think you could send one my way? I don't wanna get up yet!!
redsamurai
Banned
I'm sorry was I the one who used the hyperbolically unprofessional term "Massive"? If you used the phrase "in massive ways" to describe a market effect in any kind of professional presentation, you'd be laughed out of the room. I would bet if someone was giving you a presentation and used those terms you'd tell them to get out. So don't be asking the grown man to man up ok kid? If you wanna man up go to the vibram thread and retract your little pubbie mouthbreathing hyperventilating assertion that stepping out of your house in anything less than 3 inches of cushioned modern footwear will give you bone marrow cancer. You're a squawking old chicken do you know that?
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mrplunkey
New member
Done!
mrplunkey
New member
digimon7068
New member
oil, schmoil...where i live, a typical, conventional, vertical gas well costs approximately $30,000 to drill and then it takes 3 to 5 years to recover the costs...a typical horizontal well in a marcellus formation costs upward of $10,000,000 to drill and then it takes 12 to 16 months to recover the costs.
mrplunkey
New member
Yeah, like he's going to understand that.
You might as well have expressed it as a partial differential equation and posted the text in Sanskrit. It wouldn't have improved his chances of understanding what you typed.
digimon7068
New member
it's crazy expensive...but the payback is even crazier...you get your money back 3 to 5 times faster than a conventional well that costs more than 300 times less to complete.
redsamurai
Banned
read the article I posted, it addresses that.
mrplunkey
New member
Keep squirming, it entertains me.
Just admit you're wrong and move on. It won't kill you or your ponytail.
Fracking is an energy boon like we haven't seen for decades. Much like the Internet (and its associated bubble) propped-up Clinton, fracking is propping-up Barry.
Accept it. Say you're sorry. Move on. It's what real men do.
redsamurai
Banned
This is beyond delusional. You're starting to get into the heavier stuff now aren't you? In any case debate the Bloomberg article not me.
mrplunkey
New member
PICK3
New member
digimon7068
New member
the u.s. is actually the number one oil producer in the world again now...
redsamurai
Banned
yes, for now. The problem with shale is that the wells go dry much quicker. New wells, as you stated previously...are much more expensive than previous vertical wells. A lot remains to shake out. They expect U.S shale production to plateau after 2020
"U.S. output will plateau after 2020 and the nation will lose its top ranking at the start of the 2030s, the IEA said.
“We do not expect this trend will continue after 2020s,” Fatih Birol, the agency’s chief economist, said in London today. “It will come to a plateau and decline as a result of the limited resource base of light tight oil.”
I'm not understating the short term importance of shale production, I'm just questioning the use of the term "massive" to describe something that may peter out in 20 years and unless major advancements in well technology are achieved, will remain very expensive. And maybe this is why the consumer market has yet to see the major benefits of this massive boon to the economy. Because people aren't yet 100% positive where this is going. The article I posted wasn't naysaying shale, it was just pumping the brakes on irrational exuberance. That's something that plunkey isn't going to admit to. He'd rather parrot me, that it was me and not him who shot his mouth off. lols
mrplunkey
New member
redsamurai
Banned
mrplunkey
New member
Oh I bet it's tl;dr. That's about right for you.
Stop dodging. This is your dare-to-be-great moment and you're really fucking it up badly.
I'm not surprised, but if you crumble under a simple situation like this, you don't have a prayer when a real challenge comes your way.
redsamurai
Banned
You shot your mouth off with the word massive. That's a word little white chicks say the first time they see BBC. Interesting that was your go to word isn't it?
You shot your mouth off with the word massive. That's a word little white chicks say the first time they see BBC. Interesting that was your go to word isn't it?
We should make a drinking game from how many times redscam talks about BBC
redsamurai
Banned
as the young fgt running here says, *knot clicking
PICK3
New member
I clicked, then saved to my spank bank
mrplunkey
New member
You shot your mouth off with the word massive. That's a word little white chicks say the first time they see BBC. Interesting that was your go to word isn't it?
I enjoy watching you squirm. What has happened in fracking is massive, game-changing, paradigm-shifting, globally-realigning. Pick your favorite adjective.
Now man-up and admit you shot your mouth off. This could be the start of you actually becoming something someday (but the smart money is still betting against you).
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mrplunkey
New member
He's obsessed with cock. But hey, it's not like he's going to get a female or a male partner anyway, so who cares which way he fantisizes?
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you care so hard
mrplunkey
New member
As long as none of his genetic material never reaches a ripe human egg, I'm indifferent.
And his chances of procreation aren't looking so hot. Therefore I'm all good on this end.
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redsamurai
Banned
not currently it isn't, and you know it. It's amusing how desperate you are at saving face even at a place like EF. Just like the vibram thread where as soon as I pointed out an inconvenient fact from your very own source, you stfu instantly and moved to something else. Why is a grown man in his 50's so insecure? Can you explain that? I calmly posted an article from a major financial outlet and you've spent now what, 4 pages saying "just admit and let's move on". You have almost an infants mentality. Is it genetic or was this behavior learned? Do you think that your intolerable denial obsession is perhaps one reason why your wife divorced you? Given how much money you constantly remind everyone you're worth, you must have some remarkably intolerable personal traits for a women to divorce someone with your worth, wouldn't you agree?
mrplunkey
New member
not currently it isn't, and you know it. It's amusing how desperate you are at saving face even at a place like EF. Just like the vibram thread where as soon as I pointed out an inconvenient fact from your very own source, you stfu instantly and moved to something else. Why is a grown man in his 50's so insecure? Can you explain that? I calmly posted an article from a major financial outlet and you've spent now what, 4 pages saying "just admit and let's move on". You have almost an infants mentality. Is it genetic or was this behavior learned? Do you think that your intolerable denial obsession is perhaps one reason why your wife divorced you? Given how much money you constantly remind everyone you're worth, you must have some remarkably intolerable personal traits for a women to divorce someone with your worth, wouldn't you agree?
tl&r;dr
Man up and move on.
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redsamurai
Banned
or how bout you slow your roll there cupcake.
US Oil Dominance Will Be Short Lived | TIME.com
Shale Bubble
"The Reality is that the so-called shale revolution is nothing more than a bubble, driven by record levels of drilling, speculative lease & flip practices on the part of shale energy companies, fee-driven promotion by the same investment banks that fomented the housing bubble, and by unsustainably low natural gas prices. Geological and economic constraints – not to mention the very serious environmental and health impacts of drilling – mean that shale gas and shale oil (tight oil) are far from the solution to our energy woes."
Fracking and the Shale Gas “Revolution” | Global Research
Your portfolio is heavy on this isn't it? Afraid you got taken for a ride but need the market to be irrationally exuberant so you can get out early?
digimon7068
New member
or how bout you slow your roll there cupcake.
US Oil Dominance Will Be Short Lived | TIME.com
Shale Bubble
"The Reality is that the so-called shale revolution is nothing more than a bubble, driven by record levels of drilling, speculative lease & flip practices on the part of shale energy companies, fee-driven promotion by the same investment banks that fomented the housing bubble, and by unsustainably low natural gas prices. Geological and economic constraints – not to mention the very serious environmental and health impacts of drilling – mean that shale gas and shale oil (tight oil) are far from the solution to our energy woes."
Fracking and the Shale Gas “Revolution” | Global Research
Your portfolio is heavy on this isn't it? Afraid you got taken for a ride but need the market to be irrationally exuberant so you can get out early?
gas production from one well is voluminous enough to pay back the $10,000,000 investment to create that well in 12 months...even at today's historically low per-mcf price...even a slight increase in the spot price will blow the roof off the cash flow...facts that i have seen with my own eyes, rather than relying on an article written by someone with an agenda.
of course gas is not a long-term solution...anything that is dependent on dead dinosaurs is kinda fleeting in the grand continuum of things...but, it's one of the best options that we currently have available for today's needs.
redsamurai
Banned
it's not one article however. There's a lot of articles out there that are throwing up the same red flags that got thrown up before a lot of past "bubbles". This has the makings of another good ole fashioned American speculative boom and bust. But it may not be. Prudence is probably wise or you'll get taken for a ride in the end. I can see that from certain viewpoints, such as what you're looking at...the numbers look sure thing can't fail.
PICK3
New member
lol@oil coming from dead dino's
