$100 A Barrel Oil is on the Way

#551
#551
oklavol said:
17 Billion in 3 months.

BP and Shell post big profits in era of record oil prices: Financial News - Yahoo! Finance
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And your point? The price of oil is at an all time high, is this unexpected? Despite what most people want to think, the oil companies do not control the price of oil. Get over it!!! If you want to get mad at somebody about this, talk to the commodity traders or maybe someone like Hugo Chavez. Oh wait, I have a better idea, Let's just blame BUSH..........:neener2:

More intelligently, just buy some Shell/PB stock.:shades:
 
#552
#552
overseasorange2 said:
And your point? The price of oil is at an all time high, is this unexpected? Despite what most people want to think, the oil companies do not control the price of oil. Get over it!!! If you want to get mad at somebody about this, talk to the commodity traders or maybe someone like Hugo Chavez. Oh wait, I have a better idea, Let's just blame BUSH..........:neener2:

More intelligently, just buy some Shell/PB stock.:shades:
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Some people in this thread have made statements, I'm paraphrasing here, that oil companies didn't make any more money when gas was $1/gallon instead of $4/gallon.
 
#554
#554
oklavol said:
Some people in this thread have made statements, I'm paraphrasing here, that oil companies didn't make any more money when gas was $1/gallon instead of $4/gallon.
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I'm pretty sure most on here realize the dollars are going up just not the profit %. Funny how that's never mentioned in the stories about "record profits"
 
#555
#555
overseasorange2 said:
And your point? The price of oil is at an all time high, is this unexpected? Despite what most people want to think, the oil companies do not control the price of oil. Get over it!!! If you want to get mad at somebody about this, talk to the commodity traders or maybe someone like Hugo Chavez. Oh wait, I have a better idea, Let's just blame BUSH..........:neener2:

More intelligently, just buy some Shell/PB stock.:shades:
Click to expand...

You can add OPEC. to that list to be mad at also, if you want to be mad. The price of Oil is right where THEY want it. As far as stock, I have loaded the boat with (XOM) over the past 5 yrs. and been happy. :)
 
#556
#556
myrobbins7 said:
You can add OPEC. to that list to be mad at also, if you want to be mad. The price of Oil is right where THEY want it. As far as stock, I have loaded the boat with (XOM) over the past 5 yrs. and been happy. :)
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I've had XOM since 1982. My grandad bought me and my sister 3 shares each @ $27 per share just so we would learn how to read the stock page and understand it. Combine the 3 splits and re-investing the dividends since 1982 and I have a few extra from his investment. :)

Anyone with retirement savings would be stupid not to take advantage of what's going on right now.
 
#557
#557
#558
#558
if the oil companies really could control the price of oil they surely would have raised the oil price before 4 years ago and certainly would have kept it from falling 75% in the early 80s when a bunch of them went bancrupt.
 
#559
#559
droski said:
if the oil companies really could control the price of oil they surely would have raised the oil price before 4 years ago and certainly would have kept it from falling 75% in the early 80s when a bunch of them went bancrupt.
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But W wasn't president then - don't you see, it's all linked...
 
#560
#560
utvolpj said:
I've had XOM since 1982. My grandad bought me and my sister 3 shares each @ $27 per share just so we would learn how to read the stock page and understand it. Combine the 3 splits and re-investing the dividends since 1982 and I have a few extra from his investment. :)

Anyone with retirement savings would be stupid not to take advantage of what's going on right now.
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you mean by betting on the inefficient outfits that are soon to be swallowed by the XOM types? I have to think the writing is on the wall for some Boards that the high point isn't very far away.
 
#561
#561
BigPapaVol said:
you mean by betting on the inefficient outfits that are soon to be swallowed by the XOM types? I have to think the writing is on the wall for some Boards that the high point isn't very far away.
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Are you saying you think that the price of oil is going to be receding soon...or something else?
 
#562
#562
i think we are in an obvious oil bubble. similar to the dotcom bubble of 2000 and the real estate bubble of 06.
 
#564
#564
BigPapaVol said:
you mean by betting on the inefficient outfits that are soon to be swallowed by the XOM types? I have to think the writing is on the wall for some Boards that the high point isn't very far away.
Click to expand...

As long as I get out at the right time I will be fine :)
 
#565
#565
TennTradition said:
Are you saying you think that the price of oil is going to be receding soon...or something else?
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I'm saying that the pricing of many of the oil companies has outstripped their ability to generate supportive earnings over the long haul. Many are getting killed in their core refining operations and are making their money purely in inventory sales. While price gains can help that, they can only support so much equity valuation. Much of that has been priced into the stock, so the upside has been wrung from many of the stocks.

Other, stronger fuel stocks have a very highly priced currency (their own stock) for use in gobbling up smaller companies, making them more efficient and generating accretive deals, even buying likely overvalued companies. Very simply, they can make money in becoming more efficient and in the arbitrage between the overvaluation in their own stock relative to the target's slightly lower overvaluation.
 
#570
#570
Interesting idea from Chrysler

Chrysler Guarantees Gas at $2.99 a Gallon for the Next Three Years! (The Torque Report)

The "Let's Refuel America" promotion is available for new buyers until June 2, 2008. The promotion includes a three-year price hold on gas prices on many of Chrysler's models. The way the program works is that Chrysler issues new buyers a gas card that is attached to their personal credit card. Every time the card is used it will charge the buyer's personal credit card $2.99 per gallon (87 octane, E85 fuel or diesel fuel). The remaining amount will be picked up by Chrysler.
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#574
#574
Does anyone really think it will ever fall below $2 dollars a gallon? I think the bubble may burst, but I'm not sure it will ever get that low again.
 
#575
#575
oklavol said:
$200/barrel oil prediction rocks market

Oil passes $122 on $200 oil prediction, supply concerns: Financial News - Yahoo! Finance
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where was oil yesterday?

Rocking the market might have been a bit strong, especially in light of the fact that Citi's analyst said we are just as likely to go to $40 as we are $200.

Finally, think through what drives the actual market analysts who are paid by investment banks to help drive revenues. They have an enormous function in the world of the investment banks. Many of my grad school classmates are equity analysts and are extremely well paid because they drive certain things for their employers. These guys present positions of this nature for a very good reason and are professionals at supporting the position.
 
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