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rjmcbear 327 posts  |  Last Activity: Nov 25, 2015 8:35 PM Member since: Nov 8, 2001
  • rjmcbear rjmcbear Nov 11, 2015 8:51 PM Flag

    Please don't feel sorry for me. I'm a big boy and can handle myself. Feel sorry for the less fortunate who struggle day to day and live paycheck to paycheck while the fat cats stress out worrying which beach house they will fly to this weekend. BTW you are one of the most narrow minded, hard headed individuals that I have had the pleasure of never meeting in person.

  • rjmcbear rjmcbear Nov 11, 2015 4:32 PM Flag

    I did address the electricity rate increase issue, you chose not to except the facts that rate prices have been lower than the general rate of inflation. As far as jobs or lack of good paying jobs you seem to have forgotten how this all started. It began back in the 80's when your golden boy Reagan was President. You see his Free trade policy started the migration of middle class manufacturing jobs to China. Free Trade was the label affixed to a trade policy defined by and for multinational companies and banks. Under Reagan, America began shipping jobs rather than goods abroad. When Reagan fired the Professional Air Traffic Controls Organization (PATCO) strikers (who supported him in the 1980 election), he signaled to corporate America that it was open season on unions. The combination was lethal for America's manufacturing base and for the family wage that was the signature of America's broad middle class. His trickle down economic tax cut to the wealthy while RAISING taxes in 7 of 8 years for everyone else also started the shift of wealth from middle class to the upper class. Lastly Reagan NEVER had a balanced budget during his Presidency, in fact the deficit increased to nearly $3 trillion, roughly three times as much as the first 80 years of the century had done altogether. But we know this mess was started by Obama and it's all his fault. You sir are clueless!

  • rjmcbear rjmcbear Nov 11, 2015 3:18 PM Flag

    Gumby your boy goofski started the thread quoting an IEA statement while misleading the board to what the ENTIRE IEA article actually said. I have no idea what oil prices will be by 2020 but I do know what the IEA did state and provided the entire message not just the part that goofski posted. I agree it's roulette at this point but lying about what was really reported is what you should really be complaing about. Are you sure you're not kin to norris or goofski?

  • rjmcbear rjmcbear Nov 11, 2015 2:54 PM Flag

    So goofski's IEA saying $50 is different than the IEA quote of $80 by 2020 in the WSJ? How many International Energy Agency's are there Gumby? I can't stand the way some idiots try to misinform and mislead to support their own agenda. Ironically they also claim to be good Christian Conservatives! The hypocrisy on the right is constant.

  • rjmcbear rjmcbear Nov 11, 2015 2:31 PM Flag

    Too funny how you only posted the lower end of the IEA article. They also said it was MORE likely that OPEC would cut back to get oil to $80 bucks by 2020. You really are a lying goofski.

    OPEC Is Likely to Change Course, IEA Says
    Updated Nov. 10, 2015 11:55 p.m. ET

    OPEC is unlikely to sustain its practice of pumping flat out in a fight for global market share and will limit output in a scenario that sends oil prices to $80 a barrel by 2020, the International Energy Agency said Tuesday.

    Oil prices plunged last year when the Organization of the Petroleum Exporting Countries, and its de facto leader Saudi Arabia, abandoned its traditional role of propping up the market through supply cuts and began ramping up production instead. Prices haven’t recovered, sitting at about $47 a barrel Tuesday, down from $114 a barrel in June 2014.

    “Many OPEC producers will lose a substantial amount of revenue which will lead them to look at their policies again,” said Fatih Birol, the executive director of the IEA, a Paris-based group that monitors energy trends and data for industrialized nations.

    Mr. Birol’s comments were part of the release of the IEA’s World Energy Outlook, an annual book-length report packed with statistics about crude-oil demand and supply, the growth of renewables and the changing landscape for utilities, among other topics.

    The report laid out two scenarios for the price of crude oil in 2020. One calls for oil at $50 a barrel, with OPEC continuing its production-happy ways, and one foresees a price of $80 a barrel, with OPEC being forced to abandon the strategy.

    The IEA said the $80-a-barrel scenario was "MORE LIKELY" because OPEC members would lose too much money. If prices were to stay at current levels, OPEC members would earn an annual $550 billion, nearly half the $1 trillion a year they were getting before the price crash, Mr Birol said.

    Only Kuwait can balance its national budget with oil at current prices. If oil rises to $60 a barrel in the next year or so—a consensus view among banks and oil companies—only Qatar’s budget would also break even.

  • rjmcbear rjmcbear Nov 11, 2015 2:22 PM Flag

    "Minimum wage is only addressed rationally by full employment."

    Tell that to the mom or dad who have been working 2 or 3 jobs for years making $7 or $8 bucks an hour, just trying to keep a roof over their families head and some food on the table. These Billionaires and very well off multi-millionaires have no soul. Funny thing is guys like Trump expect these same struggling families to support their business and buy their products. The middle class wage's have been stagnant since Reagan in the 80's, how much longer do you think they should have to wait.

  • rjmcbear rjmcbear Nov 10, 2015 4:09 PM Flag

    Solar power is dispatchable as well using Thermal energy storage (TES)

  • Reply to

    OK EPA data free of the Obama EPA deceptions

    by norrishappy Nov 10, 2015 1:05 PM
    rjmcbear rjmcbear Nov 10, 2015 4:00 PM Flag

    The average U.S cost for electricity in 2006 was $10.40 which was a
    23.2% increase from the years 2002 to 2006
    Now who was President in the years from 2002 to 2006?

  • rjmcbear rjmcbear Nov 10, 2015 10:59 AM Flag

    By the way what exactly is dispathability ? Disrespecting the ability to find a path. Is it dis path or that path?

  • rjmcbear rjmcbear Nov 10, 2015 10:42 AM Flag

    "natural gas due to efficiency tied directly to dispathability, is massively cleaner than either solar or wind mills."

    Where do you come up with this nonsense? Hydro-electric power is cleanest with wind close behind followed by solar. solar is third mostly because of the process used to manufacture the panels and the chemicals involved. The energy produced by Solar panels is a very clean process. Natural gas is much cleaner than oil or coal but to say it's cleaner than hydro, wind and solar is complete poppycock and that's not even taking in consideration of the chemicals and energy used in the fracking process. You need to change the channel on your TV or radio more often.

  • rjmcbear rjmcbear Nov 10, 2015 9:19 AM Flag

    Gumby, YOU missed the point. The subject was energy rates and how they have risen less than the rate of inflation, which your buddy norris refuses to acknowledge. The data was provided by the agency responsible for tracking these energy rates which you call propaganda. Like norris you changed the subject half way through the discussion to open another can of worms. Care to talk about your leading Presidential candidate who claims to have attempted murder and also says he attacked his mom with a hammer. Then there is The Donald, king of charm and next in line representing the wacko party.

  • rjmcbear rjmcbear Nov 9, 2015 3:19 PM Flag

    But you want us to believe the rhetoric printed in the right wing non-biased :) Daily Caller instead of the Government agency that keeps track of the data. Gumby are you related to norris by any chance.

  • rjmcbear rjmcbear Nov 9, 2015 3:13 PM Flag

    Wrong! Intel announced back in August they will be rolling it out in 2016 and you know the market's always looking ahead 6 months when pricing equities thingy.

    " INTEL HAS REVEALED that it will roll out its new 3D XPoint memory standard in SSDs from 2016 under the brand name Optane."

  • rjmcbear rjmcbear Nov 9, 2015 10:40 AM Flag

    Well then short it professor kitty cat, collect your $3 bucks and then swing long. This should be quite easy for you. With your trading prowess one must assume you are already beyond wealth and post here for entertainment only.

  • rjmcbear rjmcbear Nov 7, 2015 4:53 PM Flag

    At the meeting, OPEC’s secretariat argued that stating a goal of maximizing revenue risked violating U.S. antitrust laws, delegates said. The group is already defending a costly antitrust lawsuit in the U.S. brought by an advocacy group.

    An Algerian representative responded that OPEC’s statutes require the group to safeguard the interests of its members, individually and collectively, delegates said.

    The discussions open a window into the group’s anxieties as it grapples with a historic slump in oil prices. In response, OPEC abandoned its traditional role of cutting supply to boost prices. Instead, many of its members are pumping at near record levels to maintain or increase their market shares, which has helped keep prices low.

    Now several OPEC members that have struggled with low oil prices are agitating for a return to the cartel’s old ways.

    Venezuela has proposed a price band—a fixed range of prices charged by members for their oil that was abandoned more than a decade ago as unrealistic and ineffective.

    Iran has suggested the restoration of individual production quotas discontinued in 2011, a move that would cap production of rivals like Saudi Arabia and make room in the market for its oil as it prepares to increase exports when Western sanctions are lifted.

  • rjmcbear rjmcbear Nov 7, 2015 4:50 PM Flag

    You said,"Deal with the data. Electricty rates are up far above the cost of inflation."

    Stop embarrassing yourself. I capitalized the data for you but I believe your world is so warped you are incapable of accepting ACTUAL FACTS!


    Fact from EIA:
    Despite recent increases, retail electricity prices have historically risen at a lower rate than the general rate of inflation, and the real price of electricity is lower than it was prior to 1995. Measured in constant 2014 dollars, the U.S. residential electricity price averaged 12.5 cents per kilowatthour in 2014, up slightly from its lowest point (in real terms) of 11.1 cents per kilowatthour in 2002.

  • rjmcbear rjmcbear Nov 7, 2015 2:52 PM Flag

    You sir are thick as a brick!

    US Energy Information Administration (EIA)
    The last paragraph is all you need to read , professor!

    Residential electricity customers in most areas of the country experienced large increases in retail electricity prices during 2014, with the average U.S. residential price increasing 3.1% over the previous year. The increase represents the highest annual growth rate since 2008. EIA forecasts that prices will increase during 2015, but at a slower pace than in 2014.

    Residential electricity rate increases during 2014 ranged from 1.3% in the Pacific Coast states to 9.9% in New England. Retail electricity prices have risen for various reasons. Many electric utilities purchase their power from regional wholesale electricity markets, which, at a national level, experienced higher prices last year. Other reasons commonly cited for higher retail electricity prices are the increased investment in transmission and distribution infrastructure, rising requirements to generate electricity from renewable energy sources, and utility investment in demand-side efficiency.

    Despite recent increases, retail electricity prices have historically risen at a lower rate than the general rate of inflation, and the real price of electricity is lower than it was prior to 1995. Measured in constant 2014 dollars, the U.S. residential electricity price averaged 12.5 cents per kilowatthour in 2014, up slightly from its lowest point (in real terms) of 11.1 cents per kilowatthour in 2002.

  • Reply to

    Important information for long term holders

    by mysonchino Oct 28, 2015 3:35 PM
    rjmcbear rjmcbear Nov 7, 2015 2:28 PM Flag

    There is a reason why BDC"s function better in a rising interest rate environment. The majority of BDC investments consist of floating rate loans which are primarily funded with fixed rate term debt. When rates rise the BDC's make more money off those loans. REITS are mostly tied to fixed rate loans and under historically normal conditions, a rising-rate environment would logically equate to a higher cost of financing for leverage-heavy REITs which puts pressure on the free cash flow that is paid out in the form of dividend yields. So in most instances you are better off in BDC's than REITS when rates start heading higher.

  • The Organization of the Petroleum Exporting Countries has delayed completing its internal report on long-term strategy as tensions deepen among members over an extended oil-price slump, according to delegates to the group.
    The disagreements could set for the stage for a tense OPEC meeting next month, when oil ministers from the group’s 12 members will gather in Vienna to decide on production levels.
    Prices for Brent crude, the international benchmark, have fallen to below $50 a barrel after years above $100, blowing a hole in the national budgets of OPEC members that rely heavily on oil exports.
    OPEC’s long-term strategy report was expected to be made final Wednesday at an OPEC staff-level meeting in Vienna before being submitted for ministerial approval next month. But attendees at the meeting said OPEC delegates—who represent national governments with competing interests—couldn’t agree on language defining the group’s long-term mission.
    Algeria, Iran and Venezuela—which have been heavily hit by lower oil prices in the past year—supported language in the report saying the group wanted to maximize revenue and restore the ability to either influence
    prices or production, the delegates said.
    Those goals clashed with language advocating “fair” prices as a goal, which was proposed by OPEC’s central secretariat and supported by Saudi Arabia, the group’s kingpin, the delegates said.

    Though it may seem like semantics, “it’s a debate that goes at the heart of the organization’s existence,” an attendee said.

    The report is produced every five years and lays out a five-year outlook on the oil producer group’s goals, prospects and challenges. It was supposed to be ready in time to give to oil ministers before their meeting on Dec. 4, but that deadline is now in jeopardy.