Greed and the price of oil

[Survivor]

I'd like to know how to get back at the over GREEDY investors driving up the price of OIL out of shear GREED.How can you Clean out their wallets and they will love you for it. I dont want to hear if you cant beat them join them.:mrgreen:

[Gzapper]

imo how about neither ya fool.. dont get involved!

[Thierry Martin]

I'd like to know how to get back at the over GREEDY investors driving up the price of OIL out of shear GREED.How can you Clean out their wallets and they will love you for it. I dont want to hear if you cant beat them join them.:mrgreen:

Stop using gas and start walking and bicycling everywhere.

[englishman26]

Additionally you'll need to stop buying anything that was made with the use of oil in the manufacturing/transportation process or/and in fact made directly from an oil derivative. You will probably need to live in a tree and eat berries and squirrels in order to achieve this. Good luck.

[aiki14]

I'd like to know how to get back at the over GREEDY investors driving up the price of OIL out of shear GREED.How can you Clean out their wallets and they will love you for it. I dont want to hear if you cant beat them join them.:mrgreen:

Capitalism, Boss. If you can't beat them, whine about it and we'll enjoy your pain. Thanks for the laugh, welcome to the forum, reality is just over the next hump.

[netwrangler]

I'd like to know how to get back at the over GREEDY investors driving up the price of OIL out of shear GREED.How can you Clean out their wallets and they will love you for it. I dont want to hear if you cant beat them join them.:mrgreen:I worked for an oil company for thirty years — spent a lot of that time as an ROI analyst. I got to see how top management made decisions.

I never did see anything that justified what I call the "Ogres in High Places" view of the oil industry. That is not to say that I agreed with everything my company did. But as I interacted with higher levels of management, I noticed the level of integrity went up as well. Frankly, I was surprised; but that was my experience.

As an analyst with a background in economics, it was fairly easy for me to see that there were some long-term supply/demand problems in the oil industry. As the company I worked for became more deeply committed to alternative energy sources [geothermal, oil shale] I learned about the economic and technological barriers to developing alternative energy.

From this experience, I came to view the energy dynamic as one of increasing demand in a milieu of restricted crude and product supply. This was made more interesting as OPEC, until recently, practiced barrier to entry pricing as a means of thwarting serious attempts at developing alternative energy sources.

With all this as background, I must admit that the position of the OP — seeking retribution from the dastards who have created this can of worms — is one that makes me money.

The high price of oil today may, indeed, be influenced by oil company decisions, speculator activity, OPEC action, and various political activities in Nigeria, Venezuela, [I]et alia. The bottom line is that we need to migrate away from our hydrocarbon addictions, and that we will do so kicking and screaming all the way. We will blame anyone but ourselves. In the end, we will migrate.

This isn't about "If you can't beat them, join them." imo, We are all already part of "them." This is about tying in to a 'sea change' in the way the world produces and uses energy.

Folks that don't see it this way are going to be on the other side of my trades.

[TonyM]

I'd like to know how to get back at the over GREEDY investors driving up the price of OIL out of shear GREED.How can you Clean out their wallets and they will love you for it. I dont want to hear if you cant beat them join them.:mrgreen:

The over greedy investors? What is the object of investing in anything? Maximizing roi comes to mind, why on earth would anyone want to leave one red cent on the table?

The answer to your question may be as simple as shorting CL, do you have half a trillion dollars laying around? That would probably rattle the bulls.

[Survivor]

High fuel costs. I found it amazing that investors waited to after New Years to pound on oil and gold. "The I got mine generation". Is 1929 heading are way again?. If I invested a certain amount I fear of just getting eaten alive. Any takers on the predicted stock market crash in 2010.:evil:

[TonyM]

High fuel costs. I found it amazing that investors waited to after New Years to pound on oil and gold. "The I got mine generation". Is 1929 heading are way again?. If I invested a certain amount I fear of just getting eaten alive. Any takers on the predicted stock market crash in 2010.:evil:

I predict you will indeed get eaten alive if you invest right now. You seem to be reacting to the media hype over oil & gold, no one waited until the new year to "pound" on those commodities, they have been increasing at a rapid rate for more than a year.

The market survived 9/11 and so did the economy, what do you think is going to take place to cause a 1929 type crash?

[Thierry Martin]

Let's say an alternative to oil is developed and becomes economically viable. What is the difference? You have supply and demand problems with everything. You don't want to pay the going price, that's your problem, not oil's. I don't remember who said this, maybe Galbraith, "the price of an object is what it will fetch."

[Survivor]

High fuel costs. I found it amazing that investors waited to after New Years to pound on oil and gold. "The I got mine generation". Is 1929 heading are way again?. Any takers on the predicted stock market crash in 2010.:evil:

[TonyM]

High fuel costs. I found it amazing that investors waited to after New Years to pound on oil and gold. "The I got mine generation". Is 1929 heading are way again?. Any takers on the predicted stock market crash in 2010.:evil:

Put the pipe down before you make a scene, aren't you getting that deja vu feeling?:p

[Thierry Martin]

High fuel costs. I found it amazing that investors waited to after New Years to pound on oil and gold. "The I got mine generation". Is 1929 heading are way again?. Any takers on the predicted stock market crash in 2010.:evil:

Survivor, are you a robot?

(some spammers get a human to sign up and then get an AI robot to extract text and appear to be interacting.)

I need an answer.

[Svenwulf]

beating a dead horse into pulp-

crude futures are trading about 99.32 currently. gold 866.4. thats about 8.7 barrels per ounce, or toward the lower end of the historical range of 8 to 11. oil is still not expensive. but then again many people still think crude is a supply story....

[xpiratesxcorex]

High fuel costs. I found it amazing that investors waited to after New Years to pound on oil and gold. "The I got mine generation". Is 1929 heading are way again?. Any takers on the predicted stock market crash in 2010.:evil:

Firstly, please learn to write grammatically correct. Depression is not headed in "our" way. You're misnomer, as aforementioned, is the proper rate to measure inflation. Some analysts project that when inflation is properly taken into consideration, oil is nowhere near the all-time highs seen in previous years. Thus, if you would like to make money, get long the oil or solar trade. Oil is going higher. Don't fight it because you'll only get burned.
Go long great companies such as PBR, and make money. Capitalism is beautiful. Use it to your advantage.

[netwrangler]

Survivor, are you a robot?

(some spammers get a human to sign up and then get an AI robot to extract text and appear to be interacting.)

I need an answer.I think you may have suspected the answer, Thierry. I'll bet you are right.

[TonyM]

beating a dead horse into pulp-

crude futures are trading about 99.32 currently. gold 866.4. thats about 8.7 barrels per ounce, or toward the lower end of the historical range of 8 to 11. oil is still not expensive. but then again many people still think crude is a supply story....
2425:lol:

[reef]

High fuel costs. I found it amazing that investors waited to after New Years to pound on oil and gold. "The I got mine generation". Is 1929 heading are way again?. Any takers on the predicted stock market crash in 2010.:evil:

Where have you been? Investors have been pounding Gold and Oil for a long while now.

As for a stock market crash, time will tell. That Luckily Bush cant run again or I would agree, lol.

[englishman26]

crude futures are trading about 99.32 currently. gold 866.4. thats about 8.7 barrels per ounce, or toward the lower end of the historical range of 8 to 11.

I'd like to see a chart of that ratio.

I think fundamentals don't quite support this oil price but they will in a year or 2 so it's sort of irrelevant in the scheme of things.

Gold still has a way to run this year, imo.

I'd argue that your 11 barrels per ounce ratio will be reached with oil at $90 and gold at $1000, sometime soon this year.

Survivor - oil & gold prices has been have been rocketing for years. If you only just noticed then maybe we should keep you around as a bubble spotter. What was your opinion of housing back in 2006??

[reef]

What was your opinion of housing back in 2006??

Im betting it was "My home is gonna double in price by 2008"

[Survivor]

Survivor, are you a robot?

(some spammers get a human to sign up and then get an AI robot to extract text and appear to be interacting.)

I need an answer. No Sir,I am not a spammer or robot. I am a Auto Mechanic with 25 years experiance in Detroit michigan getting slammed and taxed to death in a poor economic state. No Pity. It's the working folks that suffer these incredible prices on fuel trying to survive in Bush world and all our money is overseas. I am learning the stock market by reading and watching Mad Money. I knew after Katrina I had better invest in oil and did not know exactly how to do it. Mostly out of shear dis-trust of stock brokers. I am looking to the future to find a better way to secure my home and family. Sorry about the typing as I am self taught.

[Chubby Khabob]

No Sir,I am not a spammer or robot. I am a Auto Mechanic with 25 years experiance in Detroit michigan getting slammed and taxed to death in a poor economic state. No Pity. It's the working folks that suffer these incredible prices on fuel trying to survive in Bush world and all our money is overseas. I am learning the stock market by reading and watching Mad Money. I knew after Katrina I had better invest in oil and did not know exactly how to do it. Mostly out of shear dis-trust of stock brokers. I am looking to the future to find a better way to secure my home and family. Sorry about the typing as I am self taught.


does you state have high taxes? I thought Bush lowered taxes and hillary wants to raise them. That doesn't really make sense to me, but that's what that side of congress wants to do. I don't think that will help. I think it will only hurt the middle class. I don't want a boss so I trade.

[Survivor]

does you state have high taxes? I thought Bush lowered taxes and hillary wants to raise them. That doesn't really make sense to me, but that's what that side of congress wants to do. I don't think that will help. I think it will only hurt the middle class. I don't want a boss so I trade. Bush lowerd taxes for the very rich only. Maybe I'm wrong?. A mechanic in Iraq can earn $80,000 a year. You cannot make that money here in Michigan. The ecomony is so bad here they keep raising state taxes to make up the shortfalls as 30,000 familys moved out last year.New business taxes so they drive out companys and move to China. Folks here have familys and homes to try and keep. When prices kill at the gas pump, high fuel costs turns into no new car sales. We need to get our auto market back where it once was. not sending money to overseas auto makers. So would you buy Toyota,Honda,or Nissan auto stocks? American auto stocks are Sell! Sell! Sell! I do appreiciate all the open minds in this forum too. Thanks for not killing me. I heard the speculation of stock market crash in 2010 on the news. CNN, I cant remember but it was just in the last week. Pat Buchannen.

[reef]

I heard the speculation of stock market crash in 2010 on the news. CNN, I cant remember but it was just in the last week. Pat Buchannen.


yeah well consider the source, lol. Doesnt he always make outragous predictions??

[Thierry Martin]

No Sir,I am not a spammer or robot. I am a Auto Mechanic with 25 years experiance in Detroit michigan getting slammed and taxed to death in a poor economic state. No Pity. It's the working folks that suffer these incredible prices on fuel trying to survive in Bush world and all our money is overseas. I am learning the stock market by reading and watching Mad Money. I knew after Katrina I had better invest in oil and did not know exactly how to do it. Mostly out of shear dis-trust of stock brokers. I am looking to the future to find a better way to secure my home and family. Sorry about the typing as I am self taught.

OK, I accept you are human, sorry about that, your post contained some echoed comments from other posts and I thought you were either a robot or a parrot. Welcome to the forum.

It sounds like tough times in Detroit. I remember meeting someone from Detroit about twenty years ago and he told me about the crime and the economy and it sounded like a ravished war zone. Doesn't sound like things have improved that much. Oil is going to run out eventually, and until there is a logical replacement, it will make you money if you are invested in it for the long term.

[Survivor]

OK, I accept you are human, sorry about that, your post contained some echoed comments from other posts and I thought you were either a robot or a parrot. Welcome to the forum.

It sounds like tough times in Detroit. I remember meeting someone from Detroit about twenty years ago and he told me about the crime and the economy and it sounded like a ravished war zone. Doesn't sound like things have improved that much. Oil is going to run out eventually, and until there is a logical replacement, it will make you money if you are invested in it for the long term. :arrow:It would be awesome to shift the investors into something else besides oil. It's one excuse or another why it goes up.:twisted: 5 days is five different storys. Bloomberg TV. Lookout for number one-but dont step in number two.:mrgreen: Thanks.

[englishman26]

:arrow:It would be awesome to shift the investors into something else besides oil. It's one excuse or another why it goes up.:twisted: 5 days is five different storys. Bloomberg TV. Lookout for number one-but dont step in number two.:mrgreen: Thanks.

I actually see it as simply the media stretching to explain and reason all the time. There always seems to be a need for a fundamental explanation of everything. It doesn't seem possible for pundits to just say "the emotion is negative today", or "the trend continues". Oil prices going up are a way to make money at the moment. Don't fight it. Don't even try too hard to reason with it - although clearly there are serious longterm demand/supply issues supporting it's rise.

[cramerica1972]

this is the"i will will get mine at all cost w/o regard to others"generation that is in the market now.

[concrete]

this is the"i will will get mine at all cost w/o regard to others"generation that is in the market now.

Exactly when and where has this not been the case?

[Survivor]

Hello, I'm old school and Could really use some help. I'd like to invest in something. Is there someone who can help me get a good start? I dont want to end up shark food.I know the flip side is someone somewhere says new guy?- lets clean him out. Any solid recommendation on a good honest investment company or broker? I hope I dont get in trouble for asking.Thank You.

[aiki14]

Hello, I'm old school and Could really use some help. I'd like to invest in something. Is there someone who can help me get a good start? I dont want to end up shark food.I know the flip side is someone somewhere says new guy?- lets clean him out. Any solid recommendation on a good honest investment company or broker? I hope I dont get in trouble for asking.Thank You.

It really depends on your individual situation. I have a great relationship with Merrill Lynch, my personal FA (Financial Advisor) specializes in clients very similar to myself, and the investment products they offer are second to none. I use professional money managers for around 80% of my investable assets and trade with the rest. The downside of Merrill is they require a pretty substantial amount of assets to really provide a top quality service.

I am heading to a flight and will be back in the states later today (tomorrow if you're in the states), I'll post a more detailed answer or you can PM me if you want a more personalized answer.

[Survivor]

[************************************************** ******

[Survivor]

[QUOTE=******************************************** ********