Screwball

The Fed can only monetize what .gov spends. I'll dismiss all the other word salad and say they are not cutting rates today. Unrelated, kind of, crude it back to $98 and change for WTI. Brent over $100.

I was 10. In those days that stuff was off the chart incredible and cool. Our black and white TV made it look real. We all wanted to be Astronauts.

Funny, I was just looking at this. Chart porn incoming. WTI crude over the last week. After the big gap up on Sunday night it has went the other way. This is the tape says - that's all that matters. Doesn't have to make sense. So we look at the support/resistance levels. Once the euphoria was over on the weekend it has been bouncing around the $92/93 level after taking a dip to the $80 range for a few days. Now back to $95.65 as I type this. Pump prices are already going up here in Cornhole. Small sample size. Brent is higher. Wall Street is no doubt making money on arbing the spread.

That was always so much fun. One night after work from the transmission plant on Bennett Rd, I got stuck for a boat. I was the second car from the bridge. Neat view. I was kind of neat. Not so neat when it didn't go quite down either...

They guy that could have played Cruise was in the 82 movie. Donald Sutherland. He would have been 27. I think he was underrated.

Burt Lancaster is best remembered as Moonlight Graham. 🙂

WTI crude gapped up at open to $102.44, but has since closed the gap at is trading at $99. The first casualty of war is the truth. BS only goes so far.

For sure. Dad taught me how to play. He would have loved that. We were too poor. Some guys I played with later in life talked about going out there and play it. Make it a vacation. Didn't, but sure wish I would have. I did get to play Inverness in Toledo, home of some big tournaments over the years. Incredible experience. I was there in 93 for the PGA practice round. Walked the entire course. Incredible golf course. Got to play it in 96 or 97 I think. 93 was the Azinger Norman sudden death playoff. It was neat to play the course and remember what these guys did, and from where. Short course, really. John Daly was bitching he couldn't hit his driver. It was a shot makers course. You didn't need to hit it 300 yards. Stay out of the rough - yanks the club out of your hand - and I wasn't playing in PGA conditions... You would never think in the medium size metropolis of Toledo a patch of land in the middle of it would be so hilly. Of course, IIRR, the street behind is Hill Ave. 🙂 The elevation level changes throughout the course is incredible and well used by one of the most famous course designers ever - Donald Ross.

Pebble is actually a public course we can play. Not cheap, you you can play it. I have a logo ball from there.

That bridge is high. I wouldn't even want to drive a van across it. Or a small car. But it beats that old POS it replaced.

I think they did have wind warning for certain vehicles on Friday on the Turnpike. Further South there were reports of trucks overturning on several highways. 224 & 53. Then there was this from the Toledo TV station on a High School in Tiffin that a wee bit of a roof problem; Strong winds tear parts of roof off Tiffin Columbian High School

From the high winds on Friday in your neck of the woods; CAUGHT ON CAM: Semi overturns on Toledo bridge

My charts tell me WTI crude closed at $99.31. Brent is $103. Black gold, Texas tea, for the Beverly Hillbilly fans. WTI is what they call "light sweet" where Brent is not. No matter. These prices are not sweet. Pun intended.

Because this is what Bibi and all the Israel money bought and paid for.

I'm more worried about a mushroom cloud due to the crazy ****ing people running our world.

Apparently I forgot the link. Again from 1993 and kind of long. The Oil Crisis 20 Years Later : The World’s Petroleum Tiger has Been Tamed--for Now.

Off topic, kind of. I was doing some research on the oil shock of 1973, which was one of the times things got all ****ed up, and if there might be anything to learn for today. This could probably go in the history thread, but it fits here. Long article by the LA Times written in Nov. 1993. 20 years after the 73 embargo. Fun to read the narrative from then.

Reports of ships getting blown up in the strait earlier today. WTI crude back around $93 as I type this. Brent around $98 and change. Pump price hitting the streets here in Cornhole. I'm sure other places too. The CPI report was not good, and what we are seeing here won't show up in those reports until months down the road. Nothing will get any cheaper in the near future. That doesn't even account for the supply chain disruptions. That won't end well. Maybe they need to blow more **** up. A global depression will make things cheap again. 🙂

I knew a rich guy who lived in Florida. He would occasionally run into Ted in the Keys. Said he was just like everyone else, and a ball to talk to. But if you brought up baseball he was done. I don't blame him for that. Dude was pretty good. 🙂

Markets are happy happy today. Crude (WTI) trading at the $81-82 dollar range. Now from the what to believe or not file about the Strait; Iran to allow only Chinese vessels through Strait of Hormuz amid escalating conflict - MSN Iran sells lots of oil to China. Then there is this. Statement from Maersk;

I would have to dig, but I have a stock certificate from the early 1900s of some energy company in West Virginia. Might have been coal. I searched and couldn't find anything. You never know... Like I said up-thread, there were small pumps around here. Only needed maybe 500 sq/ft. close to the road. The farmer loved it too. I thought they smelled neat.

Not at all. It probably depends on who you (or anyone) follow and believe. Then again, who DO you believe? Like my point above, all this on headlines? Things are fixed? What to believe? I don't know. Wish I did. We are not alone. From WolfStreet: Crude Oil WTI Plunged by 24%, Back Below $88, from $116 Overnight. Gasoline Futures -16%. Manic Speculation Unwinds by Wolf Richter • Mar 9, 2026 • 8 Comments The Futures Market is where the Imbeciles go nuts. I was hoping he had something about where all this might go from here, but he doesn't unless I missed it. But his point is valid.

I would be curious of what Mbps you get.

The popular ETFs are for the most part pretty good if you are an active trader. Stay away from the levered ones. I read a thing the other day when crude was up big, the levered ETF was getting about 60% return on the price of crude itself (we can't buy crude). Another way those things **** you over along with overnight re-balancing. Any ETF will have shrinkage. But so does everything else. We are up against the pigmen of wall street who live for separating us from our money, and are very good at doing so.

What a wild day (and night). This is not how a normal market should trade. Moves like this are nuts. Some made a killing, some went broke. Imagine the margin calls. The retail guys holding levered crude ETFs probably have a gun to their head. Did headlines move the markets this much, or did we un-blow up ****?