The $108 target that I estimated in November was indeed taken out over the last couple of days. The initial long range target of $117 is certainly within reach. I will not spend long on this (as I have just gotten the network in my office rebuilt and I need to sleep), but there is a reason for this crazy increase.

The United States has 3 trillion ( Read more... )

I have been so busy on personal and family issues that I have not had time to update this blog or continue the fearless oil forecast stuff that I had promised. I am re-equipping this office to 11 screens and upgrading to five networked computers.

To keep things consistent with time frames, I may have to go out to the March or April contracts so that ( Read more... )

 
Ladies and Gentleman:

Need I say more about the subject heading of this post but to provide you with famous quotes from previous American History, and those quotes considered the most famous of the year 2007. God save the Republic (though I do believe it is too late):

1774 :

"A government of laws, and not of men." John Adams

1776:

"Government, even ( Read more... )

 
So this is the way that ’07 will end,

With the loss of my brother and one other kin.

As the Holidays come, there’s no party, no rave.

This year’s family reunion will be held at the grave.

I’m the last of the line, and that branch was so short.

But I’ll not be the slobbering, emotional sort.

I will not consider it my only job

To wax wincingly over a ( Read more... )

Those of you (and you know who you are) know that I am an early riser and and early crasher (I tend to get up between 3:45 and 4 AM) and I hit the bed sometimes right at or just before 8:30 PM on weekdays. The recent crash of this primary machine (which is in the process of being moved into second place for the new monster machine) kept me ( Read more... )

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When I was born, we lived in a place where phone numbers were four digits long (obviously, my family did not live in a large city). The switching system that our phone was linked to was completely analog, patched to a central office, manned by of all things, human beings!
In 1964, the electronic switch was about fully implemented and by 1987, the  ( Read more... )

It is my contention that the biggest factor affecting light sweet crude oil prices is fear. Yep, fear of war, fear of restricted supply from Venezuela, Russia, and the Middle East. Supplies, near term, are NOT an issue. At some point this week, I will attempt to put up my "fearless forecast" for oil for the next six months. The drop in prices, ( Read more... )

What I listen to when I am doing other work (like chores), when not listening to music...

http://www.bbc.co.uk/radio4/history/inourtime/inourtime.shtml

This broadcast above (which can be downloaded into podcast) is a history of the Fibonacci sequence of numbers and how these number sequences are found in all forms of nature.

This sequence is the very ( Read more... )