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10-15-2007, 10:18 PM
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#16 (permalink)
| | Just Bring It!!!!
Join Date: Sep 2007
Posts: 9,061
| Quote:
Originally Posted by TennTradition  You seem to be making money at the oil futures, so I hesitate to call you out - but I think that your statement about gas prices is off. We've seen gas prices go up while oil prices drop this year. I wouldn't so closely correlate these two without including other dominating factors in gasoline prices. | Your very right about the gas price go up while oil drops. Thats what ALOT of folks are b*tching about now and have been. Somebody is getting VERY VERY rich..Very rich  | 
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10-15-2007, 10:22 PM
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#17 (permalink)
| | Just Bring It!!!!
Join Date: Sep 2007
Posts: 9,061
| Quote:
Originally Posted by TennTradition The CEO of Shell said in a presentation I attended that they were confident that they would develop 40-60 dollar a barrel oil from oil shale. We'll see..... | The Mid east wants it higger than that, so does the CEO. Trust me.The higher oil goes,the more he and his co. makes. Just take a look at Exxon...Big $$$ | |
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10-15-2007, 10:28 PM
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#18 (permalink)
| | Just Bring It!!!!
Join Date: Sep 2007
Posts: 9,061
| Quote:
Originally Posted by allvol123 Congress better do something. | I agree, but the folks that need to do something is OPEC. They run the market . | |
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10-15-2007, 10:31 PM
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#19 (permalink)
| | Model Mod
Join Date: Oct 2003 
Posts: 36,822
| Quote:
Originally Posted by myrobbins7 The Mid east wants it higger than that, so does the CEO. Trust me.The higher oil goes,the more he and his co. makes. Just take a look at Exxon...Big $$$ | Why would a CEO want the price of raw materials to be higher? | |
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10-15-2007, 10:31 PM
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#20 (permalink)
| | Volunteer
Join Date: Aug 2006 Location: Boston, MA
Posts: 6,904
| All the US has to do is cut a deal with OPEC that we won't institute CO2 policy if they will sell oil to us at a cheaper price. I'm not advocating this...but it would work! | 
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10-15-2007, 10:31 PM
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#21 (permalink)
| | Volunteer
Join Date: Aug 2006 Location: Boston, MA
Posts: 6,904
| Quote:
Originally Posted by GAVol Why would a CEO want the price of raw materials to be higher? | I'm guessing that he was referring to the CEO of Shell...whose major raw material is oil....and product is oil. They drill their own oil don't they...and sell it to refineries?
Last edited by TennTradition; 10-15-2007 at 10:39 PM.
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10-15-2007, 10:38 PM
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#22 (permalink)
| | Just Bring It!!!!
Join Date: Sep 2007
Posts: 9,061
| Quote:
Originally Posted by GAVol Why would a CEO want the price of raw materials to be higher? | The CEO doesnt control the cost of the oil, OPEC does. All you have to do go back to Exxons Q4 filing and compare that to there Q4 filing 5 years ago and it will blow your mind. | |
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10-15-2007, 10:42 PM
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#23 (permalink)
| | Just Bring It!!!!
Join Date: Sep 2007
Posts: 9,061
| Quote:
Originally Posted by TennTradition I'm guessing that he was referring to the CEO of Shell...whose major raw material is oil....and product is oil. They drill their own oil don't they...and sell it to refineries? | Thats true. Thats part of the problem also. We NEED more refineries. | |
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10-16-2007, 08:52 AM
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#24 (permalink)
| | Senior Member
Join Date: Jul 2005
Posts: 9,592
| Quote:
Originally Posted by myrobbins7 Yeah, Oil and Nat Gas. Oil has been great and gold also but the move in nat gas I think is on the way. I think Oil will get to $100 shortly. If something breaks out in the Mid East folks dont understand, they will think $100 oil is cheap. Oil hit $85 today for every $1 oil goes up, that translates to 6-8 cents at the pumps. Get ready cause its on the way. | i've been recommended to buy oil futures in the spring before the peak oil season as a cant lose proposition. whats the minimum amount for a position you invest though? 10k? | |
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10-16-2007, 08:53 AM
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#25 (permalink)
| | Senior Member
Join Date: Jul 2005
Posts: 9,592
| over 88 today | |
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10-16-2007, 08:59 AM
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#26 (permalink)
| | Just Bring It!!!!
Join Date: Sep 2007
Posts: 9,061
| Quote:
Originally Posted by oklavol i've been recommended to buy oil futures in the spring before the peak oil season as a cant lose proposition. whats the minimum amount for a position you invest though? 10k? | You know, I would jump ahead of the game. Spring is when EVERYBODY jumps in becasue its true, you make money in the spring going into summer. What I would do is start late winter and jump in myself. | |
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10-16-2007, 09:04 AM
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#27 (permalink)
| | Just Bring It!!!!
Join Date: Sep 2007
Posts: 9,061
| Quote:
Originally Posted by oklavol over 88 today | And going higher if Turkish military attacks the Kurdish separatists. | |
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10-16-2007, 10:33 AM
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#28 (permalink)
| | Dolemite's Driver
Join Date: Oct 2005 Location: Neither Here Nor There
Posts: 7,569
| And watch trickle down economics work. Higher heating oil, higher construction material, etc. The construction material in an already suffering sector doesn't help much. | |
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10-16-2007, 01:44 PM
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#29 (permalink)
| | Just Bring It!!!!
Join Date: Sep 2007
Posts: 9,061
| Quote:
Originally Posted by CSpindizzy And watch trickle down economics work. Higher heating oil, higher construction material, etc. The construction material in an already suffering sector doesn't help much. | Thats true.. | |
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10-16-2007, 03:16 PM
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#30 (permalink)
| | Member
Join Date: Nov 2005
Posts: 130
| stagflation anyone? | |
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