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post #141 of 286 (permalink) Old 05-09-2008, 01:00 PM
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So much for rational discourse... FeelTheHate has arrived!
+1 ...
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post #142 of 286 (permalink) Old 05-09-2008, 01:29 PM
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Yep.

Plus, work for the oil industry, right FTL?

B
I work for myself.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #143 of 286 (permalink) Old 05-09-2008, 01:37 PM
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Aw,quit bitchin'.Buy shares in Big Oil and put the premiums in your gas tank.
Now why would I want to listen to you and do that? It makes perfect sense a year ago but I think you are 365 days late and a dime short.

Exxon Shares Down as Profit Falls Short - Earnings * US * News * Story - MSNBC.com

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post #144 of 286 (permalink) Old 05-09-2008, 01:47 PM
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Now why would I want to listen to you and do that? It makes perfect sense a year ago but I think you are 365 days late and a dime short.

Exxon Shares Down as Profit Falls Short - Earnings * US * News * Story - MSNBC.com

Er,don't be selling Big Oil short any time soon.

"Religion is regarded by the common people as true, by the wise as false, and by the rulers as useful" - Seneca
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post #145 of 286 (permalink) Old 05-09-2008, 01:56 PM
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High oil prices can be a mixed blessing - if the company's activities are weighted towards refining and they own little in the way of actual petroleum reserves, they can incur losses. If they own lots of reserves, they will get very rich. Citgo is an example of a company that will do very well, since they own VZ oil reserves and the refineries to turn it into gas, so they will make out like bandits, so will BP for the same reasons. Exxon, Chevron and Phillips are somewhere in the middle. Shell and Valero will be hurt. Right now US oil companies are really getting their profits from the scandalous rip-off job they are doing in the diesel markets. Diesel is the cheapest distillate to refine, yet is now the highest price. The reason this is so is because gasoline is refined in the US and VZ, pretty much meeting 100% market demand. Diesel is refined in the US, or some place far away, like Europe, so when the demand for diesel is higher than the amount that can be produced in the US, the refiners have a field day screwing the truck drivers, and to make matters worse, diesel is the most popular fuel in emerging economies, so international supplies are in short supply as well.

One I am looking at is Gazprom, the Russian oil conglomerate.

http://money.cnn.com/quote/quote.html?symb=OGZPY

Hit YTD on the graph and you will see a hell of a spike for May.

Another is the Brazilian national oil company, rumors of possible big strikes of the coast of Brazil:

http://money.cnn.com/quote/quote.html?symb=PBR

Now look at Exxon, hit YTD and see the trend. It is the opposite of the large reserve holders above.

http://money.cnn.com/quote/quote.html?symb=XOM&time=ytd

I would sell it now.

Here is a hot tip that might make you rich someday:

http://money.cnn.com/quote/quote.html?symb=SSL

Sasol, being the good little Afrikaner Nazis that they are, has improved the coal-to-fuel process used by the Germans during WWII to the point it is becoming economically viable. If oil goes way down, you will lose all your money. If it keeps going up, it could be the Microsoft the 2010's.

If only the Luftwaffe had had this, Botnst would actually be in charge of something:

Sasol - 100% Synthetic Fuel Wins First-Time Approval for Use Internationally in Commercial Aviation

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address

Last edited by FeelTheLove; 05-09-2008 at 02:20 PM.
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post #146 of 286 (permalink) Old 05-09-2008, 02:39 PM
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Aw,quit bitchin'.Buy shares in Big Oil and put the premiums in your gas tank.
I have shares of Big Oil [PetroBras, BP/Amoco. Ashland], I fillup with premium but I still bitch.

Bitchin' is easier though since the energy stocks are up 31% YTY.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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post #147 of 286 (permalink) Old 05-09-2008, 04:27 PM
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Er,don't be selling Big Oil short any time soon.
You missed my point. If you buy today, the price is $86 some dollars a share when it was only a buck eighty a year ago. What happened to the buy low sell high lesson?

Even Jayshit4brain will tell you that.

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post #148 of 286 (permalink) Old 05-09-2008, 07:57 PM
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I work for myself.
Really? How do you pay yourself? I want in on that scam.

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and that’s what I intend to reverse.

~ Senator Barack H. Obama
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post #149 of 286 (permalink) Old 05-09-2008, 09:27 PM
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^FTL authors and publishes a dictionary limited to profanity and advertises it by using himself as an example.

Charter member of the Vast Rightwing Conspiracy and proud of it.

God Bless the America we're trying to create.
--Hillary Rodham Clinton
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post #150 of 286 (permalink) Old 05-09-2008, 09:43 PM
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^FTL authors and publishes a dictionary limited to profanity and advertises it by using himself as an example.

I heard he made a bundle with the 20 yr contract he got from the US Navy.........
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