Finally some good financial news .........

  • Thread starter Thread starter Ms.Wetback
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A small price to pay to help myself out. I'm just running in circles...seems everytime oil shoots up, I get another raise.

Gotta love it, well at least I do
 
Several weeks ago, our fearless leader was speaking to reporters and one of them asks him what were his thoughts on 4 bucks for a gallon of gas, and that drunken coke addict says, "Well, I hadn't heard that"........... well dickhead, you're hearing it now asshole, 4 dollars for a gallon of gas by the summer. Sometimes I wish the downfall of our country would come faster so we can start all over again, and get it right this time.
 
ALLO said:
Several weeks ago, our fearless leader was speaking to reporters and one of them asks him what were his thoughts on 4 bucks for a gallon of gas, and that drunken coke addict says, "Well, I hadn't heard that"........... well dickhead, you're hearing it now asshole, 4 dollars for a gallon of gas by the summer. Sometimes I wish the downfall of our country would come faster so we can start all over again, and get it right this time.
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And the talks is already at $5 per gallon.
 
Vegas Kid said:
A small price to pay to help myself out. I'm just running in circles...seems everytime oil shoots up, I get another raise.

Gotta love it, well at least I do
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Hmmm ?

There are residual effects to consider my friend.


Let me put it this way, if a nuclear bomb were to hit and you were part of the few that survived.........would this too be a good thing ?
 
Vegas Kid said:
A small price to pay to help myself out. I'm just running in circles...seems everytime oil shoots up, I get another raise.

Gotta love it, well at least I do
Click to expand...

The thing is, you're not getting a raise. You pay more for gas, you pay more for food, if you have gas heater a gas stove, you are paying out the ass.
 
ALLO said:
The thing is, you're not getting a raise. You pay more for gas, you pay more for food, if you have gas heater a gas stove, you are paying out the ass.
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So true.....................and wait till the airlines "readjust" as they are stating they are going to. Worst yet, there are rumblings of regulation. Remember what tickets cost before de-regulation ?????
 
ALLO said:
The thing is, you're not getting a raise. You pay more for gas, you pay more for food, if you have gas heater a gas stove, you are paying out the ass.
Click to expand...


and this is why I said I now understand. He's not looking at the big picture or even the residual effects and is under the impression that he is better off.

I guess he didn't get the news that the value of the dollar is steadily decreasing. He's in Oil, but doesn't realize the effects on the economy with oil hitting $120.

I suggest considering both Micro and Macro Economics. Since he is an engineer ...consider Econometrics too.


I am sure an Engineer from MIT would better understand. (sarcasm)
 
I am getting raises, virtually every 3 months or so, not just due to oil prices but lack of engineers in our industry and yes I understand economics just fine since I was business major prior to switching to engineering.

As for the dollar, yes it is garbage, that's why I've invested heavily in the Euro back when it was hovering in the 1.30's, now at $1.60.

And oil will be much higher than $120, more like $150 near the end of summer. Reason: No investment into new wells nor money into upgrades of existing facilities, hence lower output from Mexico and Russia.

Here's an idea....start drilling in our own country!
 
Vegas Kid said:
I am getting raises, virtually every 3 months or so, not just due to oil prices but lack of engineers in our industry and yes I understand economics just fine since I was business major prior to switching to engineering.

As for the dollar, yes it is garbage, that's why I've invested heavily in the Euro back when it was hovering in the 1.30's, now at $1.60.

And oil will be much higher than $120, more like $150 near the end of summer. Reason: No investment into new wells nor money into upgrades of existing facilities, hence lower output from Mexico and Russia.

Here's an idea....start drilling in our own country!
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The dollar is not garbage. A weak dollar does not imply a failed dollar ?not yet anyway.


Since you understand Economics, I am sure you understand that drilling in our own country is not that simplistic. Have you noticed the recent credit issues ( I think the word being tossed around Wall Street is Credit Crisis). The credit crisis is a clear and present threat to the global economy and IMO its most important challenge may not be economic, but geopolitical. Being a business major I am sure you understand the issues with refining margins and how they have dropped considerably. What about the increase in extraction cost that has been rising since early 2000. What about the environmental reasons of which we have little control of and even the environmental regulations on fuel. With all this in mind, can you help me to understand how drilling in our own country will help to improve current conditions.

With respect to the overall health of our economy or the price of oil, it is hard to make any predictions when the Fed Reserve / our Gov. will try to do anything to interfere with the workings of the free market to prevent the downside of the system from materializing. Just look at the housing issues for evidence. When there is Fed Reserve intervention on such a grand scale then everything gets distorted.
 
Of course drilling isn't easy, like drilling anywhere else there are risks and costs associated with each field.

As for the cost of drilling and refining, the margain is rather healthy at the moment. Most of the projects we are working on have been going for 3+ years now, back when oil was in the 50's a barell. It was economical then so I'm sure it's vERY cost effective now.

I don't give a shit about the environment and if I did, the last group of people I would worry about would be the oil industry with the present day regulations they are under. Shit, they would probably leave Alaska better looking than it does now. Now building a refinery is a different story. I would never build one in the states. Too expensive, too dirty, too much hassle. Build one in S. America and bring the refined product back.

The Fed Reserve fucked up when they messed with Bear Stearns. I don't agree how the gov will bail out billion dollar banks who made their billions on risky mortgage bonds. As the bond tank so should the companies that invested in them.

Nobody is helping out the mororns with risky ARM'S
 
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