Aired on the Doomstead Diner on February 26, 2015
With this Rant, the Diner breaks through the 88,888 Listen Barrier on Diner Soundcloud!
To paraphrase Doc Brown, “When this Baby hits 88,888 Listens, you are going to see some SERIOUS SHIT! 😀
Discuss this Rant at the Podcast Table inside the Diner
…Given it is an Epic Fail to try to blame the Saudis for the price crash, the next place the economistas go is to our own Home Grown Frackers, and the idiots on Wall Street and at Da Fed who funded that White Elephant with gobs of cheap credit thrown at Junk Bonds any dimwit with a drilling rig was issuing out. Problem with that idea is that even with drilling rigs being shut in here and production plateauing, the fucking oil price is still dropping and the storage tanks for the stuff are filling up to overflow level. They aren’t producing much more of the stuff, they keep dropping the price, nevertheless the storage tanks keep filling up. This is some kind of big fucking MYSTERY to the economistas and prop desk traders.
The obvious answer here is that if there isn’t too much supply being dropped on here, then the problem has to be on the DEMAND end. As in, J6P simply is not BUYING the Oil in the same quantity at the same rate he was just 1 year ago. Steady Supply, Price Going Down, Inventory Going Up, you are left with only one variable in this bathtub problem, which is that the fucking DRAIN is STOPPED UP!
Now, why oh why would J6P all of a sudden STOP buying gas, even at the new Low Low prices every day of $2/Gallon? Actually, it’s gone even below $2 in quite a few places. According to Da Goobermint, our Economy is recovering, the UE rate is like 7%, so WTF don’t these assholes start BUYING MORE GAS?…