Friday, March 18, 2011

The Cost to Buy Presidential Election has Gone Up

Obama's campaign manager is urging donor to give $350,000 each. According at recent CNN article, Obama would have over $1 billion for his re-election campaign.

I am sure he will receive that much money and more. Between the labor and teachers unions, he will be rolling in cash. If he gets re-elected, the unions will change their strangehold on the US to a deathgrip. Our country will belong to the unions.

Socialist and communists are aligning themselves with the unions to push their agenda to destroy the free enterprise system and force people to join their cause. All those who even think about voicing their opinion will be bullied.

In the recent events in Wisconsin, we witnessed the tactics of the socialists and communists as they infiltrated the rank and file of the teachers unions. Big labor under the command of Richard Trumka provided resources to push his agenda.

Trumka was asked about his visits to the White House and how many times he gets to spew his rhetoric into the ears of advisors.

Do you believe his arrogance?

Tuesday, March 8, 2011

Global Markets Respond Favorably to OPEC News

As OPEC mulls over the possibility of increasing oil production, the global markets respond favorably. Dow futures and NASDAQ futures are up slightly this morning. Oil prices are down a bit.

Do people truly believe it is over and we are past the worst. Far from it. Keep watching the Middle East. Although the "Day of Rage" in Saudi Arabia has been postponed due to low turnout, it will happen. Saudi security forces will ruthlessly put down the protest marches. If they do, protests will get larger and more violent.

The Saudi government has already started to block certain websites in preparation of protests. There are forces at work that will not be stopped.

Monday, March 7, 2011

Chief Analyst at Oil Information Service Makes Big Prediction

Chief Analyst, Tom Kloza, at the Oil Information Service predicts that gas prices could surge another 10 to 15 cents this week alone.

Oil at a 2 and Half Year High

Due to the problems in Libya and possible supply disruption, oil is now trading at $106. I read that for every $1 increase in oil prices, it translates to a 2 cent increase in gasoline at the pump.

Although Saudi Arabia has said that it will make up the loss, the real problem is the unrest in the Middle East. It is just a matter of time before rioting starts in Saudi Arabia. Revolutionaries have called for March 7th to be a "day of rage".

If the Saudi government reacts like other nations, it will be like pouring gasoline on a fire. If there is a supply disruption in Saudi Arabia, we can easily see the price of oil go to $200+ a barrel.

We need to drill now and everywhere. I honestly believe that the economy cannot handle this problem well. It will plunge us into an economic meltdown the likes we have never seen.