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Are they Nuts in the Middle East?

Fist Hezbollah kidnaps a couple of Israeli soldiers. They probably felt very macho doing that. As if they had no idea how Israel would react.

And the Israelis, of course, react exactly the way they're expected to act.

Result:Full naval blockade of Lebanon, a bombed international airport. The Lebanese government also said 53 Lebanese had died since Wednesday, including one family of 10 and another of 7 in the southern village of Dweir. More than 103 have been wounded, the Lebanese said.

On the Israeli side, two civilian Israeli dead, one killed on her balcony by a rocket, and about one hundred wounded, so far.

All these deaths to "free" two men.

Doesn't seem like a fair trade for humanity.

They are nuts, on both sides of this conflict.

Completely, irrationally, nuts.

And they won't stop until there are no Israelis and no Palestinians left killing.

Meanwhile we fuel the flames by giving billions in military aid to Israel and some humanitarian aid to the Palestinians, just so they can all continue fighting, paid for by our tax payers.

In fact, it is all so crazy that it makes you wonder if it isn't so crazy.

Follow the money trail.

Who makes money off this whole thing? Who just bought oil futures like crazy over the last few weeks. Who's smiling?

As a matter of fact, this e-mail arrived yesterday to the Dow Theory Letters, one of the best financial websites there is:

I trade oil on the floor of the NYMEX.

Beginning June 22nd, there has been large scale buying of oil in a very conspicuous manner through June 30. Monday the 26th was noteworthy as one buyer bought as many contracts as anyone was prepared to offer in front of a drive to take out the previous week's highs.

Someone has placed an enormous bet on an upward drive in prices over the next few months.

I've only seen it a few times and each such drive has preceded a $10 - $14 move.

The more sophisticated research around the street has apparently assigned a 70% probability of $90 oil. Lord knows where gasoline will be trading.

Lets see what the summer brings.

Fade this at your peril, me thinks!

On the second last Thursday of June, some big, conspicuous, constant buying began in the Oil pit. A steady stream of bids for 500 contracts began coming in all afternoon. The following day, the same, with one broker bidding for 3,000 contracts at a clip. (This is an exceptionally large order in the Oil market. On the close, the same broker bought 2,000 more contracts.

The following Monday, the market opened down 25 cents. The same broker bid for and bought 2,000 25 points lower, then bid for another 3,000. 5 minutes later he bid 20 cents higher for 5,000 contracts. Some 15 minutes later he bid for another 5,000 contracts at Fridays high. That sent the market running.

Each day the following week there was conspicuous steady buying of 1,000's of contracts through June 30.

On yesterdays sell off to 72.90, there was enormous buying around the 7300 - 73.20 area.

So the question is, how much is coincidence and how much are we all puppets, manipulated for profit?

I don't know the answer.

I just wonder if, when something looks completely crazy, if isn't so crazy after all.

Call it contrarian thinking.


Blogger shooter said...

Doc, it's just you and me. Did a neutron bomb hit our site? The structure's there, the people are vapor. I just got in and checked the previous half dozen threads, and nada. Oh, well, no one said said this was gonna be easy.

O.k, let's get down to business. You gotta put out for an audience of one the same as you would for a thousand. We'll fix this traffic thing and keep on truck'n.

This latest post, trading oil and derivative contracts, fabulous! Futures trading pits are the most honest, raw, valid, examples of how the world works. Everything comes down to bid and asked. All the billion veneers of bullshit are absent, and you got a guy with a deed on one side and a guy with a checkbook on the other. If you want to pull back the curtain to see how "sausage is made," futures pits are the place, baby! "Where the rubber meets the road."

Obviously you got my juices jivin with this post, and I'm ready to stay up all nite to get into it, but if I'm talking to myself, I'll just ask you to keep this topic going.


Anonymous Anonymous said...

Well, clearly, this was not just all a coincidence. First, the roadmap crisscross through Israel. Gaza returned. Then daily kassamrockets. No one blinks. At the same time Iran, an oil producer starts posturing, together with Syria. Two Israeli soldiers are killed inside sovereign Israeli territory, one is kidnapped, and reportedly held in a hole under ground. And 18-yr old boy is "butchered" who was also kidnapped. Then they demand thousands of prisoners returned. When everything is starting to develop "nicely", Hezbollah puts out the same tricks from Lebanon, and inside Israel. Oil prices are one thing. World domination is another thing. Bush has gone too far, and everyone is pooh-poohing him. When Abbas and the Hamas leader inspected the damage to headquarters they were smiling happily. Who holds the strings to the oil market? Who has the most shares and who stands to profit? And in the case of the world situation, where are all the muslims? They are all over the world, and attacking everywhere and everyone at the same time. The dollar has devalued for a long time and there are record debts. Syria and other countries are exchanging dollars into Euros. This is about money, yes, maybe, but more about power. Money is all relative, it is just a way to keep score. Money will be worth much more if you hold the most power and have the best (oil??) economy. Who is buying the shares? The U.S. is the largest consumer of oil. Economics is one way to get the "enemy" - the U.S. - down on its knees. The U.S. also sends aid to Israel. Therefore, getting the U.S. down on its knees, is one more step towards driving Israel into the sea. It is complex. It is well planned out, and starting to become almost transparent, because it plays all over the world now. Stay tuned. We are living in interesting times. The U.S. is the last colonial power, and they are in a war, against western religion (global jihad), and colonial power. Has been going on for half a century now. In this country people are fighting each other. Christianity is weak and getting weaker - scandals and corruption. The womb of the Arab woman, combined with their love of death, rther than life, is another weapon they have. The west can not win this. Unfortunately. There are no cities and countries to conquer. This is a global and "spiritual??" movement. A destructive one. Al Qaeda has already officially declared that they will get the U.S. through bringing down our economy. It has been out there, in the news. We just, still, do not believe it.

Anonymous July17th said...

Ok! You got my interest:

"Who makes money off this whole thing? Who just bought oil futures like crazy over the last few weeks. Who's smiling?"

What's the answer?

Blogger shooter said...

Anonymous, do me a favor. Put a suffix to your I.D. so we know it's you (as opposed to others). If nobody else is talking, then scratch that. You write good stuff. My mantra has been, as you aptly state, that things are much, much more complicated than we're used to dealing with. Among your many valid, and logical points, though some are unproven, or unprovable, you are at least attempting to explain the theatre and the issues.

Doc's dilemma that he posed was , I think, huge and uncomman trades were taking place in the pits, coinciding with the turmoil currently going on. So, obviously the chicken and the egg have appeared. Fertile ground for a million theories, we gotta separate the possibles from the woo-woo conspiracies

Blogger beeta said...

Gosh Doc,
I had no idea you were interested in foriegn favorite subject...and guess what?
You and your fabulous instincts in solving complex but inter-related subjects is just what's needed to have a "fab" discussion....

Blogger beeta said...

Here are your variables
-India, China, Russia, Iran.
Here are a few facts
-China and Russia have the Shanghai pact (sco) and they are courting Iran but not India.
-Iran and Russia just signed an agreement for Russian Gazprom to build a pipeline from Ian thru Pakistan, India and to China for exporting natural gas which both countries have a lot of
-The G8 summit is being held in Russia, who has been treated like *sh--* by the US since the cold war ended and even Gorbechov called the US a country with victor's complex and sicker than one with AIDS
-I'll throw in more facts as the discussion gets going, you can start revving the engins NOW!

Blogger beeta said...

-Why is Syria backing Iran and Hezbolah even though Syria is "Sonni" and Iran and Hezbolah are "Shiat"?
-Who exactly benfits from the civil war in Iraq?
-Why did the US try to destroy all of Iraq's social structure instesd of appointing a puppet government like Afghanestan or many other South American countries in the past?

Blogger shooter said...

You're my baby, Beeta! Or is it my Beeta baby? LOL. Please don't take offense, I plead old age.
Before I plunge into this thing, the ground rules gotta be that we agree that the situation is as extremely complicated as a barrel of snakes, scorpions, and a million other vipers. If we get into individual issues we'll get bogged down on tangents, and I'd rather try to look at the "big picture. Wadda you think?

Doc's offering was the oil futures pits. I think we should use it as the home base for everything else. Who was doing the trading? Were events being manipulated by the traders, or were the traders (with inside information) taking advantage of events?

Blogger beeta said...

-If Al Qaeda is such a threat, why did the US just close the department in Pantegon that was set up to hunt Al Qaeda members?
-If Al Qaeda is such a big "boggyman", why is the US not activly pursuing it?
-Why is Iran's non existant nuclear bomb and Syria's non existant aggression toward Israel a bigger threat than Pakistan's cuddling of Taliban and India's pursuit of bigger and better nuclear technology?

Blogger beeta said...

Agreed....we are going to try and find out who is benefitting from and/or messing with future's market in oil.
But in order to do that, you got to figure out the game...the international game...this is not just an American is an international chess game
BTW I hear "Putin" is a fab chess player

Blogger beeta said...

OK I think what I want to know first is ....did Israel plan the aggerssion toward Gaza and Lebenan, of coarse, as a joint venture with the US, or did the situation get out hand?
This matters a great deal. If it was planned...then we can assume that some kind of heads up was given to some insiders ahead of time.
If it was planned, what end is the desirable achievment for both US and Isreal?

Blogger beeta said...

If this situation with Isreal was not planned exactly as it has unfolded...then we have to assume that Iran and Syria are trying to flex some muscles
ME and the oil there effect current and futures oil prices more than any other factor, Iraq is a mess, Saudi is sitting on a time bomb, Jordan is a puppet Gov., Lebenan wants to stay neutural but can't, Gulf Emarats are not significant.....Iran and Syria are the olny opposition to the US plans for controlling the area and they both oppose Isreal's aggression in Palestine.
How might they benefit from a war?

Blogger beeta said...

My eyes are I am going to bed...but ...I hope I hear from all of you ....your thoughts on these questions....
I'll see you in the morning!

Blogger shooter said...

Any one of the many, many points postulated would take weeks, months, years to fairly analyze. Each one is a different topic for a different day. If we don't narrow it down to a subject/topic that's possible and realistic to discuss, we're just gonna toss out a million points and go home with migraines.

Sleep tite, Beeta

Anonymous Anonymous said...

This all goes back to how "we are ALL slaves on this global plantation." Except for the wealthy of course who have the money to purchase weapons and pay their armies.

Doc, it's all contrived and WE ARE being manipulated.

Blogger MsMelody said...

OFF TOPIC: Beeta, yesterday you asked for a link about the elevation of corporations to 'personhood status' and the enigma regarding corporate slavery on Doc's "Off-Label Prescriptions" post: Here's the info: I did a Google search for Santa Clara County (and) 1886. I don't remember the circuitous route I took to get here,

or perhaps

This file is mirrored from:

Blogger beeta said...

I saw it and wrote it down, havn't yet tried to look at it but I will, TNX.... searching for the right material can be frustrating...

Anonymous sunrunner said...

Re "personhood" status for corps: The movie "The Corporation" is a must see! Rent the DVD and watch it ... the history is all laid out.

Blogger beeta said...

Sounds like a winner..... I will... I am trying to find material on
-at what point in American history, the corps were given new rights and how that was justified
-how does this reconcile with the intent of the founding fathers
-is there any movement that opposes Capitalism in it's present form here in the US

Blogger beeta said...

Now that I had a good night's sleep, I am trying to do what you said, that is, get the facts together and relate it to the subject matter which is the "future's market" for oil and this is what I have come up with so far
-US has been the true believer in Capitalism and free market system since WWII.
-Russia and China adopted Communism as their vehicle for progress.
-Japan and Europe adopted niether, they have followed a system of State Planned Economic advancement with definate undertones of Social Democracy.
-The rest of the world became a free for all, grab what you can pawn for both Capitalism and Communism.
-Communism worked well for a while and brought social advancement to Russia and China but then ran into trouble. Russia after falling apart, flirted with free market Capitlism for a while and quickly adjusted coarse toward Social Democracy. China embraced Capitalism before it ran into the wall and is headed toward a combination of Socialism and controlled State Capitalism.
-The Third World and Developing World glad to be rid of Communism is now trying to rid itself of American version of Capitalism/Democracy/ free market system which has only intensified poverty and economic mayham for them.
-US(population)benifited from Capitalism up to now. The Neocons who are true believers of total free market and de-regulation became emboldened after the end of the Cold War and started pushing thier agenda and helped create an atmospher of corporate greed and dismanteling social safty nets and globalizing the market and Americans are starting to feel the pain in their pocket books. In Iraq the Neocons tried to create a Utopia of free market system, hoping to showcase thier victorious vision, but have run into lots of problems, i.e. not everyone likes their Utopia, least of all the people of Iraq not to mention the rest of the world. So, this version of Capitalism is headed for the fate of Communism.
-No matter what your vehicle of choice (Communism, Capitalism, Social Demacracy) for economic advancement may be, you need fuel to run that economy, hence the battle to control oil producing regions namely the Middle East and more and more South America and Africa and Central Asia.
-As all this has been going on, in third world countries specially oil producing countries, there have been nationalistic movements such as Arab Nationalism, Latin Nationalism and Black African independence movements that at times have been successful but more times been quashed.
-Here comes people like Chavez and Mandela etc. but in the ME, with it's patchwork of sects and old anamosities and the presence of Israel as a deterent to Arab Nationalism, the only thing that can unite the Moslim population is Islam, hence the Islamic Fundementalist movement and it's various off-shoots, trying to defeat the left(which self destructed), and the right(in Iraq, and thru Isreal) and domestic tyrannies(Saudi Arabia, Pakistan).
-All parties have a lot at stake and they are all posturing. There is no return to the past. The Genie is out of the bottle. There will be a long drawn out war till the last breath, after all for most parties involved it is a matter of life and death. Meanwhile the oil supply to the world is in danger of at least temporary intruption and regardless of the outcome, oil prices will remain high as it should. If US wins the battle and ends up controlling the oil supply, with demand so high and going higher, there is no incentive in selling it cheap(according to free market mantra of supply and demand). Besides, the realization that we the world need to come up with a new energy supply and finally pay attention to global warming, cheap oil is the wrong strategy. If oil producing countries win the battle, they want to sell thier oil at the highest possible price, knowing that it is their vehicle to develope economically and that it will sooner or later dry up. The rest of the world will buy the oil at any price, provided everyone pays the same price and the playing field is even.
I think high oil prices are here to stay and if I were in the future's market for oil, I would put my money on it.

Blogger MsMelody said...

MORE OFF TOPIC: (Sorry folks--didn't you ever have one of those days?)

Betta--I think the Santa Clara RR case in 1886 was the precedent setter.

BUT, the other night I was following comments, and saw that there were at least several dog lovers. I just received this from my daughter, who recommended I frame it and post it on my front door, so visitors would KNOW who runs the show at my house:

Dear Pets,

When I say to move, it means to go someplace else, not to switch positions with each other so there are still two of you in my way.

The dishes with the paw print are yours and contain your food. All other dishes are mine and contain my food. Please note that placing your paw print in the middle of MY plate and food does not stake a claim making it YOUR plate and food.

The stairway was not designed by NASCAR and is not a racetrack. Beating me to the bottom is not the object. Tripping me doesn't help in your quest to reach the bottom first, because I fall faster than you can run.

I cannot buy anything bigger than a king sized bed. I am very sorry about this. Do not think that I will continue sleeping on the couch to ensure your comfort.

Dogs and cats can actually curl up in a ball when they sleep. It is not necessary to sleep perpendicular to one another, stretched out to the fullest extent possible. I also know that sticking tails straight out and having tongues hanging out the other end to maximize space is nothing but sarcasm.

For the last time, there is not a secret exit from the bathroom. If by some miracle I beat you there and manage to get the door shut, it is not necessary to claw, whine, meow, try to turn the kob, or get your paw under the edge of the door and try to pull it open. I must exit through the same door I entered. Honest.

Also, I have been using the bathroom by myself for quite some time -- canine or feline attendance is not mandatory.

I can't stress this one enough -- kiss me, THEN go smell the other dog's / cat's behind.

I have posted the following notice on our front door:
Rules for Non-Pet Owners Who Visit and then Complain About Our Pets:
1. The pets live here. You don't.
2. If you don't want their hair on your clothes, stay off the furniture. (That's why it's called "fur"niture.)
3. To you, our pets are just animals. To us, they are an adopted son /daughter who happens to be hairy, walks on all fours and does not speak a language that you understand.
4. Dogs and cats are better than kids because:
---- they don't ask for money all the time
---- they are easier to train
---- they usually come when called
---- they don't hang out with drug-using friends
---- they don't need a gazillion dollars for a college education
---- if they get pregnant, we can sell the children.


Your Adoring Owner

Blogger shooter said...

Beeta, you are incredible! I asked for it, and boy, did you give it to me! I only read thru your post post once, quickly, and at first glance nothing popped out that I would strenously disagree with. Obviously you put a lot of thought into it and it deserves a more thorough reading, and an equally thought out response. But inasmuch as my plants are wilting from my bodily "fragrance" a shower is beckoning, but I will try to respond as soon as I can. Thanks, and as always, you're the best!

MsMelody, Cut it out! I'm trying to get to the shower, but I'm laughing so hard I just walked into the closet and can't find the hot water spout.

Blogger beeta said...

That's hilarious! I love it.

Anonymous Anonymous said...

In case anyone was confused by who we're talking about, it's the JEWS!!!

Blogger shooter said...



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