[photo] Mark Jeftovic

easyDNS CEO, Career Contrarian & AntiGuru

Don’t be surprised to see the Saudis embrace “Peak Oil”

My first post of the year. I did mention briefly last year that I had gone long on oil. That position is of course, taking some heat. I started going long at about $46/barrel oil and it still had lot farther to fall. There is an old adage “The graveyards of Wall St. are littered with the skulls of those who were too early”. They were probably margined out the hilt.

Fortunately, I’m not. So I just wait, well actually I’ve been buying more oil all the way down. I find this a lot different than piling into, say Nortel … Read the rest

The Parkdale Hookers apply to become bank holding company

/Toronto tPHwire/ – In a move presaged by Amex and GMAC, The Parkdale Hookers, or TPH have made the requisite filings with the SEC to become a bank holding company. If approved, the Toronto based indie rock group will then request an estimated 3 billion dollars in recapitalization under the Troubled Asset Relief Program, or TARP.

Although an unorthodox move for an unsigned rock group, “the financial crisis has forced everybody to consider their options”, a spokesperson for the group told Forbes. The power-pop group known for its three chord guitar rock oriented anthems reported no revenues in fiscal 2008, … Read the rest

The most idiotic thing I’ve heard all morning….

In case I was doubting my going long on oil last week, this cinched it for me:

Lower heating costs predicted

WASHINGTON – The dramatic drop in world oil prices means a break this winter in heating costs, although households will still be paying more than they did last winter, the government says.

For starters, if a panel of government monkeys say “lower heating costs”, prepare for the opposite. Always do this.

Next, if households are still going to pay more this winter than they did last winter, then guess what? Heating costs are HIGHER you damn dolts. If this … Read the rest

All Hail The Chief and God Bless …The Left

I know my friend and mentor The Atavist blogged yesterday that it makes no real difference who won the election, I am, to quote a favorite phrase of my attorney, “cautiously optimistic”.… Read the rest

What is keeping the lid on the price of silver?

For anybody who isn’t living in a cave without electricity, the past few weeks have been in a word “eventful”. I have been delaying posting about what’s been happening because so much has happened and it’s been a long time since i wrote about it that penning one, comprehensive post to address it all just seemed a tad overwhelming.

So I’ve decided to just break it into chunks. Chunk #1 is called What is wrong with this picture?Read the rest

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