"Reading this smokes and mirrors post, one would think NG gonna break $1 soon."
It's not smoke and mirrors, it's actual price quotes. And you are moving the goal posts.
Thanks, bj. Something even bigger: Dow 18K was on many front pages including Oakland, Detroit, Boston (bold font), Chicago (with Dow chart), Albuquerque, West Palm Beach.
"history...I'm just expressing a reality; the primary sources of employment growth in this country over the past decade are coming from domestic oil and gas production, and most of these jobs pay very well."
This is like saying we need more cancer because oncology jobs pay well.
"bellard...I think that the first thing that the government can do is stop making disingenuous public statements about how good low energy prices are for Americans."
Low energy prices are great for Americans. You are viewing the world through the prism of your failed stock market investments.
"Just to be clear, I am open to hearing bad news when and if it exists."
Bad news like 'Due to the coal slump, we're cutting the budget for message board pumpers.'
"I don't believe in a single data point that's released by our government, like today's record "consumer confidence" number"
The number wasn't a record and it wasn't released by our government, but other than that you're nailing it.
"You maybe right but there are 1000 other stocks that haven't even begun to fall that are way over valued and PE are in the hundreds."
BTU would kill to have a PE in the hundreds.
"you would think a self-proclaimed energy economist would have access to this data, other than on a Yahoo message board, wouldn't you?"
I'd also think someone who bought BTU all the way down from 30 to 8 would have less attitude.
"I still don't know how a relatively stable commodity, like natural gas, can plunge with such ferocity on market chatter. "
We don't know what markets plunge on, they only speak in price and volume. Headline writers are just doing their job to fill space, they don't matter.
"USO never broke below $24. Put another way, the recent low was almost 20% below the 2008 "depression" low."
USO is only lower than 2008 because of permanent contango/management losses suffered through the ensuing years. The 2008-low equivalent for USO now is around 14. In other words, that's roughly the price USO will go to if oil revisits the 'depression low'.
"An orange and a glass of milk both have nutritional value, but they don't compete with each other in the grocery store."
Their respective marketing boards would beg to differ.
"but doesn't it worry longs (I am one of them) that Cramer continues to put a "big sell' ON BTU despite today's better news etc.?"
Not even a little. Stocks go up and down without Cramer's blessing every day of the week.
"Very surprised Gold is not catching a bid in these turbulent times. But I guess everything is sold in a credit market event, lack of liquidity."
Putin has been a particularly big acquirer of gold in recent years. So if you're wondering who is currently dumping gold onto the market, I would look to the shirtless horseman.
" For example, the theorist says that "coal has become declining part of energy production in the U.S." According the BTU 8-K, coal demand in the U.S. was up 15 million tons in 2014... Coal provides 40 percent of generation power."
It was recently 45%. That's what they mean by declining in the U.S. As more of our energy use shifts to the grid, there will perhaps be more use of all available sources. But coal's percentage of this growing pie is smaller.
One thing we can probably take as a given: if commodity funds own oil, they probably own gas and coal too. And if they get redemptions, they probably have to sell all that stuff.
"I'm telling people to set themselves up for the biggest return on anything they'll do in 2015 - and to thank me later"
Arrogance and markets don't mix well.