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Posted on 11/29/2014 6:49:24 AM PST by blam
Myles Udland
November 28, 2014
Oil is still falling.
In afternoon trade on Friday, West Texas Intermediate crude prices in the US dropped more than 10% to settle at $66.15 a barrel, a more than $7.50 drop in just 24 hours.
At one point on Friday, WTI futures briefly breached $66.
Brent crude prices, which are the global benchmark, also cracked $70 a barrel on Friday.
Earlier this week, WTI prices were at around $76 and Brent prices were near $80.
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(Excerpt) Read more at businessinsider.com ...
If I could find a carniceria that came well-recommended by someone I know and trust, that looked decent enough from the outside to actually feel like I wasn’t taking a risk entering, I’d try that. The ones I’ve seen here thus far look sort of disreputable and fly-by-night. Best deals to be had on beef in my area come from local cattle farms. You’re pretty much looking at a side of beef and need a large freezer to work with that. Grass-fed though and comparatively reasonable on cost.
I think it’s comparative strength.
Everything else is so lame that the dollar (for now) is strong by default.
The First Oil-Exporting Casualty Of The Crude Carnage: Venezuela
Couldn’t happen to a better govt
No idea what’s been done to it or if it’s really even beef...
I’m buying grass-feed beef and range-grown chickens that are chemical free. Hormones in the feed (some feed even contains body parts of beef) and genetically altered grain are producing strange-textured meat.
Why is America the only country that allows this stuff in their food? $$$$$
There are many good Carnicerias in the cities.
As to farm raised, it is to much for me to even go in on a side as I live alone.
They didn't much like losing their dominant status, and by coincidence Iraq, Egypt, Libya, Syria, Ukraine (to diminish Russia) were declared to be really nasty dictatorships and the governments were overthrown and the countries devolved to chaos. Saudi Arabia isn't about to "friend" Iran so for now they're sanctioned out of the world stage. So is Russia. Western Africa has turmoil from terrorists and yucky diseases. Everyone's goin' down, except for Saudi Arabia and its closest allies. Europe and the US aren't doing all that well since we've bought the KoolAid of open doors for less capable ethnicities than those that made these areas great. And now, Saudi Arabia has to worry about really nasty fundamentalists.
What's to stop Saudi Arabia and Kuwait from running their oil supplies to near zero and collecting all the money they can? If they bring everyone else down in the process, think of what the endgame could be. They could take all of those profits and buy up bankrupted oil resources all over the globe. Exception might be Egypt. Those guys seem darn good at figuring stuff out.
I''m just wondering when, not if, the whole global thing comes tumbling down. What's becoming more obvious (if everyone else doesn't smarten up) is who the winners will be.
smaller ones were obliterated. Look at GDP or EXXI
I’m hoping that the fairly substantial local cattle farming can find a way to get into retail, a co-op or something, offering all the usual cuts as well as ground chuck. I’ve gotten increasingly suspicious of what’s being sold as beef of late, and I’m no ideologue on the matter.
These were some good grilled out burgers I got to enjoy a while back courtesy of the wife’s choir group that had a good griller around.
http://www.shutterstock.com/video/clip-2314871
Putin and the Opecker Princes and their S. American Opecker thugs have to be really depressed. May their depression continue.
The savings in gasoline purchases may be filtering down to the American Shopper. For close to two decades our DIL, grand daughter take my wife Black Friday shopping.
The three of them said the lines of buyers at all of the stores to get in and at customer checkout points were longer than they have been in years.
They couldn’t even get into parking lots at a couple of the shopping centers.
The men folk go fishing on our local river. On the river, we say more fishers in boats and just boats doing the tour thing since the last of Bush’s term.
Concur. I think they are mostly fat and God only knows what else. I like ground chuck for the grill. Makes a good burger.
Video no worky.
What happened to the “we’re running out of oil people”?...
CRICKETS.....
Life imitates art. Wifey reports that someone on TV was calling for an increase in gas taxes. This is sure to be proposed by the Democrats and RINOs.
Increasing a tax on an item falling in price is a typical political ploy. “The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing.” - Louie XIV’S Finance Minister, Jean-Baptiste Colbert.
...try to think like a Saudi prince
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With the backdrop of sanctions, Russia isn’t going to be particularly happy with an extended period of lower oil prices. Putin is probably working on ways to “address the situation” right now, so to paraphrase your comment above, try to think like a Russian potentate. :)
I don’t know if that would be possible. Saudi is producing at pretty much full production now. Not sure about Kuwait or even if their production is that significant in the total scheme. How does anyone “buy” assets after an entire monetary and financial breakdown across the globe?? No, I think we would all be reduced to nuclear cinders before your plan comes to fruition!
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