Tuesday, May 25, 2010
Wednesday, February 18, 2009
Street Meat: Russian Out
" Eric please just right here next to me I think me I can't tell you. -- topic Rebecca hot sizzling segment on TV right here right now we're going to talk about those wind turbines in a minute. By the way guys if you visit here go to fox business dot com you can check this out street meets up every single night in the first of first street. Russian outfit rushing out. But it just won't -- Russia right now Russia's on the birth of the depression they're clearly in a recession on the verge of the precious white industrial production. Down big time numbered about yesterday also. Oil prices down any question about Russia being tied to oil price will get to in this decade the ruble. Very very important Russian ruble down 37%. In the last five months that currencies that currency knees strong currency especially oil prices going down. -- low currency. Low oil prices turned. Big big trouble they need to rebounded oil not all they need -- well here's the simple -- VIP it's -- years the stock wanted to play Russia played simple com it's a Telecom company in Russia but guess what guys check this out Telecom and Russian down big time next arena put up for a reason next week. Here's your oil chart. Sane -- what is. But Telecom and do with oil in Russia everything is based on oil where's the play. When oil turns around you can start picking and choosing your Russian stocks and make a lot of money number one VIP when oil goes VIP is short of follow. What do played on T -- level bigger picture macro picture. EE and emerging markets need to get we'll give you a lot of Russia -- less rate -- here we go gold guess what. 980 predict and I need to have a -- easy to -- today involved were watching that 1000. 35 dollar all time high in -- keep your -- and all these stocks were worried she'll be there as well -- these -- upon these. I hear about this guy yesterday old news forget about let's move on -- all break -- got. Rebecca just talking about wind turbines GE's only profitable division I shouldn't say only. The most profitable. Profitable division is debt we -- interpreted generation. The power generation that's the only thing here's my suggestion he listened. I'm tired beaten up by you guys call me to cut crafts up enough money. -- Break up in the financial services breaking up into NBC and break it up into your properly maybe he'll be able to sell some of the parts are people out there who might want -- that street."
Tuesday, September 16, 2008
Monday, July 7, 2008
Monday, June 23, 2008
Emerging Solutions for the Oil Crisis
From thestreet.com
When the market is acting crazy and I need to clear my head, I get out and run or power walk. After 4-6 miles, my mind usually becomes much clearer and I can focus on the issue, trade, or whatever.
I'm in LA right now, trying to make sense of the oil market. I have done two 10 mile jaunts on back-to-back days. When I left home last Thursday, crude oil had just dropped $4.75 on word that China had raised fuel prices (by reducing subsidies) to most drivers.
Speaking on TV last week, I had suggested that we should lift the drilling moratorium in the Alaska National Wildlife refuge (ANWR) and the Outer Continental Shelf (OCS) off of the off the U.S. coast. Noting these potentially huge reserves, the pension funds, hedgies and other speculative interests might bail on a maturing bull run in oil. Selling on top of selling might break the bull market's back and send prices south for now.
A Congressman followed my segment and suggested that drilling wouldn't help for 10 years or more. I know this is absolutely untrue, so I called Transocean (RIG - Cramer's Take - Stockpickr), the biggest driller in the world. An officer of the company told me that depending on the location of the drilling, oil could be realized in as little as a year.
Ultra-deepwater fields might produce in 3-5 years. For the most remote locations, without any prior infrastructure support, that barrel may require a 4-6 year window. I suggested 8 years and he said that he could not envision a situation where it would require more than 6 years to bring a barrel out of the ocean floor. .........
