Investing General Discussion

  • Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!



    Go here and give us your nominations!
    Who's been the biggest Asshat in the last year? Give us your worst ones!
Captain Suave

Captain Suave

Caesar si viveret, ad remum dareris.
5,497
9,402
The Saudis don't give public information on their capacity for obvious reasons, but the last I'd looked into it I thought it was reasonably well accepted that their maximum output is about 12.5B barrels per day, which is roughly their current production rate. I don't think it's a question of them being pissed, they just can't get any more oil out of the ground any faster. Setting up new wells takes years and stupid amounts of money, and everyone is reticent to invest given the industry's notorious boom/bust capacity cycles.
 
  • 2Like
Reactions: 1 users
TJT

TJT

Mr. Poopybutthole
<Gold Donor>
43,596
112,673
Mist said:
He could seize and nationalize all US oil companies.
Click to expand...
There isn't much of a mechanism in the USA for forcibly seizing private enterprises like this. As much of a hardon as you get for it.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,003
127,306
Jysin said:
15minutes to CPI data for April.

Other news, NFLX downgraded to "sell" by Goldmans.
Click to expand...
There is a small chance all the bullshit the last couple of days will be a head fake but I doubt it. The administration lacks the imagination to try that. I expect CPI to blow donkey dick and they have spent the last couple of days preparing everyone.
 
Jysin

Jysin

Ahn'Qiraj Raider
6,566
4,572
08:10 (US) Preview: May CPI data expected at 08:30 ET (12:30 GMT) **Consensus expectations:
- CPI MoM: 0.7%e v 0.3% prior; YoY: 8.3%e v 8.3% prior
- CPI (ex-food/energy) MoM: 0.5%e v 0.6% prior; YoY: 5.9%e v 6.2% prior
- CPI Index NSA: 291.694e v 289.100 prior; CPI Core Index SA: 291.945e v 290.455 prior

**Note: The Mar CPI YoY reading of 8.5% was the highest increase since 1981
- Range of analyst expectations for CPI seen between 8.1-8.5%
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,003
127,306
Jysin said:
08:10 (US) Preview: May CPI data expected at 08:30 ET (12:30 GMT) **Consensus expectations:
- CPI MoM: 0.7%e v 0.3% prior; YoY: 8.3%e v 8.3% prior
- CPI (ex-food/energy) MoM: 0.5%e v 0.6% prior; YoY: 5.9%e v 6.2% prior
- CPI Index NSA: 291.694e v 289.100 prior; CPI Core Index SA: 291.945e v 290.455 prior

**Note: The Mar CPI YoY reading of 8.5% was the highest increase since 1981
- Range of analyst expectations for CPI seen between 8.1-8.5%
Click to expand...
I am calling 9+
 
  • 1Like
Reactions: 1 user
Jysin

Jysin

Ahn'Qiraj Raider
6,566
4,572
Sanrith Descartes said:
There is a small chance all the bullshit the last couple of days will be a head fake but I doubt it. The administration lacks the imagination to try that. I expect CPI to blow donkey dick and they have spent the last couple of days preparing everyone.
Click to expand...
Had the same fleeting thoughts re WH pres sec talking an elevated print. Part of me thinks "underpromise, overdeliver?"

In that case, the sell yesterday would likely get bought violently if we come in under.

However, I am not so sure that is the case. Also keep in mind, this is a lagging indicator. These are April numbers. May oil / energy costs are higher, so just in case we get a lower print today doesnt mean "peak inflation" has actually occured. But that will be the media narrative, for sure.
 
  • 1Like
Reactions: 1 user
Jysin

Jysin

Ahn'Qiraj Raider
6,566
4,572
08:30 *(US) MAY CPI M/M: 1.0% V 0.7%E; Y/Y: 8.6% V 8.3%E (highest annual pace this year and since 1981; above all analyst expectations)
- CPI (ex-food/energy) M/M: 0.6% v 0.5%e; Y/Y: 6.0% v 5.9%e
- CPI Index NSA: 292.296 v 291.694e
- CPI Core Index SA: # v 291.945e
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,003
127,306
Jysin said:
08:30 *(US) MAY CPI M/M: 1.0% V 0.7%E; Y/Y: 8.6% V 8.3%E (highest annual pace this year and since 1981)
- CPI (ex-food/energy) M/M: 0.6% v 0.5%e; Y/Y: 6.0% v 5.9%e
- CPI Index NSA: 292.296 v 291.694e
- CPI Core Index SA: # v 291.945e
Click to expand...
Fuckers. You know that shit is closer to 10
 
  • 2Like
Reactions: 1 users
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,003
127,306
1654864547983.png
 
  • 2Rustled
Reactions: 1 users
Mist

Mist

REEEEeyore
<Gold Donor>
31,718
24,375
TJT said:
There isn't much of a mechanism in the USA for forcibly seizing private enterprises like this. As much of a hardon as you get for it.
Click to expand...
Shooting a few oil executives for sitting on permits and other fuckery so they can price gouge would work equally well.

The banking crisis tells us that if you don't shoot a few people to make an example, that same shit'll just happen all over again.
 
  • 1EyeRoll
  • 1Hodjing
  • 1Potato
Reactions: 3 users
Big Phoenix

Big Phoenix

Pronouns: zie/zhem/zer
<Gold Donor>
47,107
100,976
Mist said:
Shooting a few oil executives for sitting on permits and other fuckery so they can price gouge would work equally well.

The banking crisis tells us that if you don't shoot a few people to make an example, that same shit'll just happen all over again.
Click to expand...
So explain, why didn't oil execs price gouge 3 years ago to get gas to $6+? Why did they let it stay under $2 and leave all that profit on the table?
 
  • 1Slow
  • 1Truth!
Reactions: 1 users
Fogel

Fogel

Mr. Poopybutthole
13,697
55,262
Big Phoenix said:
So explain, why didn't oil execs price gouge 3 years ago to get gas to $6+? Why did they let it stay under $2 and leave all that profit on the table?
Click to expand...

Same reason Putin didn't invade Ukraine the previous 4 years. Because reasons!
 
  • 2Like
Reactions: 1 users
Tmac

Tmac

Adventurer
<Aristocrat╭ರ_•́>
10,155
17,449
Big Phoenix said:
So explain, why didn't oil execs price gouge 3 years ago to get gas to $6+? Why did they let it stay under $2 and leave all that profit on the table?
Click to expand...

Shouldn’t debate off-their-meds retards.
 
  • 1Like
Reactions: 1 user
You must log in or register to reply here.