noharleyyet
Well-known member
Time for Bill Devane to hawk some Rosalind...
Anybody Buying Yet? Where’s the Bottom?
- Thread starter NEWHunter
- Start date
I'm not an oil guy outside of swing plays with DO and the like. While this appears to hint pro oil, it was very informative.
seekingalpha.com
USO ETF: The Future Of Oil
The US Strategic Petroleum Reserve released its last primary batch of oil this week, soon ending a big source of commercial oil inventories. Read more here.
seekingalpha.com
BigHornRam
Well-known member
Looking like Hair Pie is going to be the fall guy for this and that will be the end of it.
grizzly_
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- Feb 18, 2013
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- 1,247
Wow, if it's true, it's BS. Thanks for the link
There does need to be better regulation though to protect the public. We've got a large publicly-traded US-based exchange (Coinbase) that reports to the IRS and verifies liquidity and people are instead using Bahamas-based exchanges because they don't know what they're getting into.
Politicians have been using government contracts and positions to reward family and friends since the beginning of time. They'll keep finding new ways to bilk taxpayers as long as they don't end up behind bars.
BigHornRam
Well-known member
SBF was lobbying his DC contacts to regulate crypto.....in a way that would favor SBF and FTX.Wow, if it's true, it's BS. Thanks for the link
There does need to be better regulation though to protect the public. We've got a large publicly-traded US-based exchange (Coinbase) that reports to the IRS and verifies liquidity and people are instead using Bahamas-based exchanges because they don't know what they're getting into.
Politicians have been using government contracts and positions to reward family and friends since the beginning of time. They'll keep finding new ways to bilk taxpayers as long as they don't end up behind bars.
FTX’s Sam Bankman-Fried pens ‘Crypto Regulation for Dummies’
SBF recently tweeted his "thoughts on crypto regulation" alongside a more detailed set of Possible Digital Asset Industry Standards posted to the policy page of the FTX.US.
coingeek.com
The owner of Binance didn't like what he was up to and took him out. Wild Wild West.
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BigHornRam
Well-known member
2 months is a lot of time in the investment world. This interview didn't age well.
One big shell game.
One big shell game.
BigHornRam
Well-known member
Oil Majors Are Betting Big On Suriname | OilPrice.com
The Guyana-Suriname Basin is quickly becoming one of the most exciting oil regions on the planet, and energy majors are making big bets on its future
oilprice.com
The appeal of offshore Suriname is amplified by the fact that the oil discovered to date has been light to medium with low sulfur content. That means it is cheaper and easier to refine into high-quality fuels, and there is a low carbon cost associated with its extraction compared to the heavier sourer oil grades produced in Venezuela, Colombia and Ecuador. Projects in Suriname have an estimated breakeven price of $40 per barrel Brent, which is expected to fall further as development ramps up, and vital infrastructure is put in place. For these reasons, offshore Suriname is an appealing investment jurisdiction for international energy companies, particularly when it is considered that many Latin American countries have far higher breakeven prices.
According to Staatsolie, data is has obtained points to offshore Suriname containing up to 30 billion barrels of recoverable oil equivalent resources.
Nameless Range
Well-known member
2 months is a lot of time in the investment world. This interview didn't age well.
One big shell game.
Someone who I really like to follow the writings of is Eric Weinstein. He has a dramatic and an arguably kooky side, but over years of following him I admire his ability to make unpopular predictions that often come true and looks at issues from angles I don’t. Something he says often, and has been saying for a good decade,
“The idealism of every era is usually the cover story of its greatest thefts.”
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BigHornRam
Well-known member
So what does he consider this era's idealism? Wokeness? Climate alarmist? Socialism? Facism? Nationalism? Stew of all the above?
noharleyyet
Well-known member
Si...
Nameless Range
Well-known member
He and you are a lot smarter than me on this stuff, but if I had to guess, in reference to SBF and FTX, I think two idealisms that turned out to be cover stories for something not-so-good, that have now been snagged from the clouds and slammed into earth's surface, would be Crypto as unassailable, and Effective-Altruism as unquestionable.
Oversimplified I know
SAJ-99
Well-known member
Defi. Your list is more submovements. What you can get more people on board with is just hating government control of monetary systems.
BigHornRam
Well-known member
I can make it more simple. People believe what they want to believe. I never heard of this fruit loop SBF before all this. This theft is chump change in the grand scheme. If you were dumb enough to invest with this guy after listening to him for 10 seconds, you deserve to lose your money.
BigHornRam
Well-known member
BigHornRam
Well-known member
From the great philosopher Joe Walsh. He gets it! 
grizzly_
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If this accounting of SBF's actions is accurate, then it's more sinister than I originally thought. I was hoping it was merely greed, but it may have been an intentional act?
finance.yahoo.com
Michael Saylor on FTX collapse: Crypto 'may have been the problem,' but 'bitcoin is still the solution'
MicroStrategy executive chairman Michael Saylor tells FOX Business why he's still a big believer in Bitcoin after the downfall of crypto exchange FTX.
bwanakubwa
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How deep into bitcoin is Micheal Saylor again? He was spewing bitcoin as a fiat alternative nonsense all last year. He must be down at least 20%
BigHornRam
Well-known member
Bitcoin is the big ponzi in the sea of crypto ponzi's. No interest from me in it.If this accounting of SBF's actions is accurate, then it's more sinister than I originally thought. I was hoping it was merely greed, but it may have been an intentional act?
Michael Saylor on FTX collapse: Crypto 'may have been the problem,' but 'bitcoin is still the solution'
MicroStrategy executive chairman Michael Saylor tells FOX Business why he's still a big believer in Bitcoin after the downfall of crypto exchange FTX.
SAJ-99
Well-known member
That is what makes it so appealing to large group. You don't have a positive view of crypto, but can agree on the principle of government control (Fed in this case) being bad. Any idealistic view with a broad enough base lends itself to fraud. The funny thing is we didn't always have a Federal Reserve. We humans like to write stuff down, so anyone can look back at history and see how previous events without a Fed to control money supply turned out. Ironically, as much as we like to write stuff down, we also hate to read stuff.
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