Rotten no good profiteers... - Page 3 - Mercedes-Benz Forum

Reply
 
LinkBack Thread Tools Display Modes
post #21 of 26 (permalink) Old 10-24-2008, 06:30 PM
DP
Moderator
 
DP's Avatar
 
Date registered: Aug 2002
Vehicle: 190E, 400E, SLK350
Location: Chesapeak Bay
Posts: 64,125
Mentioned: 2 Post(s)
Quoted: 991 Post(s)
Lifetime Premium Member
Quote:
Originally Posted by daisound View Post
Please explain the meaning of BWOT ?
Bottom Fishing the stock market. Do you have a catch ?
BWOT= Bensworld Off-Topic
Catch of the day: exel, GSK when it was down by 5% and BTE at $14 something. All day trades
DP is offline  
Sponsored Links
Advertisement
 
post #22 of 26 (permalink) Old 10-24-2008, 06:42 PM
BenzWorld Elite
 
daisound's Avatar
 
Date registered: May 2008
Vehicle: W210.265/2001, W220/S500/2000, Porsche 997 C2S/2006, GMC K1500/1992
Location: DFW, TX
Posts: 2,147
Mentioned: 0 Post(s)
Quoted: 1 Post(s)
I bought some POT when it was $65 yesterday. Watch out for the last defense SP500 at 850.

500SEC 1984 retired at 192K
Porsche 928S GT 1984 (euro) retired at 243K
daisound is offline  
post #23 of 26 (permalink) Old 10-24-2008, 08:36 PM Thread Starter
BenzWorld Elite
 
Check Codes's Avatar
 
Date registered: Mar 2005
Vehicle: '01-E320 & 02-ST2
Location: John 15:18-19
Posts: 31,634
Mentioned: 0 Post(s)
Quoted: 35 Post(s)
(Thread Starter)
Quote:
Remember that those are diluted prices. did you take into account variations of production capacity, taxes, fees, transportation and seasonal demands? The comparison will not correlate price to wages alone. That was your initial point but if you broaden it you might see some light but that would be fleeting since you are looking at a sample that is not representative of world supply constraints or contentious equations over the supply chain in a conflicting environment riddled with speculative forces that misshape the platform upon which one can draw an observational conclusion.
Quote:
^Let me help with some logic. If crude price is 140, cost of raw material, transportation cost, crack cost (from crude to gas,...), How could it be possible that gas will come down half if 140 to 70 ? Unless drew & greg works at half of the wage. You need to break down the cost components of gas price including the profit margin before your logic works. This is from Accounting 101.
Good Lord.

You two should get a room, or at least a link to "Google".


In June of 2007 oil was trading within pennies of $67.50 a barrel.

A gallon of gas was selling on average around $2.20.

Argue all you want about labor, intangibles, logic, etc., but that's almost .80 per gallon less than we are paying now. The ratchet effect is a total ripoff. Weeks ago we're begging the oil producing nations to increase production and contemplating punching wells in the Atlantic to rip out our own reserves, all it took was a bunch of idiots overreacting to bad mortgage loans to topple the world markets, and bada boom, the speculators ran away, leaving the oil markets to work as they should, with suppliers selling to refineries, and it approaches some manner of "real world" value.

Which of course was my original point: a necessary commodity such as oil should be barred from speculator's portfolios. Let 'em by cheese or pork bellies if they want commodities, but keep them out of energy.

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; its inherent virtue is the equal sharing of misery. (Winston Churchill)
Check Codes is offline  
post #24 of 26 (permalink) Old 10-24-2008, 09:15 PM
DP
Moderator
 
DP's Avatar
 
Date registered: Aug 2002
Vehicle: 190E, 400E, SLK350
Location: Chesapeak Bay
Posts: 64,125
Mentioned: 2 Post(s)
Quoted: 991 Post(s)
Lifetime Premium Member
Quote:
Originally Posted by gregs210 View Post
Good Lord.

You two should get a room, or at least a link to "Google".


In June of 2007 oil was trading within pennies of $67.50 a barrel.

A gallon of gas was selling on average around $2.20.

Argue all you want about labor, intangibles, logic, etc., but that's almost .80 per gallon less than we are paying now. The ratchet effect is a total ripoff. Weeks ago we're begging the oil producing nations to increase production and contemplating punching wells in the Atlantic to rip out our own reserves, all it took was a bunch of idiots overreacting to bad mortgage loans to topple the world markets, and bada boom, the speculators ran away, leaving the oil markets to work as they should, with suppliers selling to refineries, and it approaches some manner of "real world" value.

Which of course was my original point: a necessary commodity such as oil should be barred from speculator's portfolios. Let 'em by cheese or pork bellies if they want commodities, but keep them out of energy.
Dude, I am far from arguing that. I said it before, when prices where north of $130 that it will eventually crash because it was based on speculation. Call it a bubble if you will. But like any other commodity that is NOT renewable it will succumb to a natural tendency to rise in price. Will it be proportional to anything? God knows! It sure will be tied to consumption and for certain it will be tied to the economic engine that is fuel driven. When the economy will pick up, which it will, fuel prices will meet up and that is a certainty.
Here are some sure things you can take to the bank:
1. A dollar today is worth less tomorrow: Don't hoard money
2. Oil will go up: Count on that, invest accordingly and budget for it for your own consumption.
3. Prices at the pump will be manipulated no matter what the laws are: Again, invest so you are ahead of what your salary can provide by itself, in the end the poor will always be screwed because of their reliance on others to determine their lives.
4. We will break the $140 barrier and you will see the $4.00+ at the pump because we have been conditioned.
5. People will still do stupid shit but knowing that I hope you won't. Invest in upcoming and well thought out alternative energies.
DP is offline  
post #25 of 26 (permalink) Old 10-24-2008, 09:48 PM
BenzWorld Elite
 
daisound's Avatar
 
Date registered: May 2008
Vehicle: W210.265/2001, W220/S500/2000, Porsche 997 C2S/2006, GMC K1500/1992
Location: DFW, TX
Posts: 2,147
Mentioned: 0 Post(s)
Quoted: 1 Post(s)
Greg
Speculation will help the market rather than hurting the market. It will give the supply and demand side what to expect in the near future. If not the recession fear and the decrease in demand with the credit crunch in the market, today's crude will be much higher than 67. When the oil was 140, 2 to 3 months ago, we start to aware of the tight supply of crude. With the crude at current level, all the joker invested in green energy is doomed. If you think price of crude is normal at 67, keep your SUV, by the time world economy recovered, you will cry to put gas in every time. I glad we have people like you, only believe in what they want to believe. Price of crude will go back up to $100 better than 70% chance after election. No one single countries in the world can manipulate crude price for a long period of time. Crude and commodity price is tie to US$, if you think the world is going to let US$ continue to go up in the near future, you are out of your mind. US treasury has print 2X more money to save the credit crunch. Go back to your marco economic book to learn the effect of print money to the currency value. If you never learn that from your graduate classes, I do not have time to explain to you.
Just vote Obama this time, when the crude go back to 120 within 24 months, you are going to bitch price manipulation by the government. Your lover boy. I never compliant any government of crude manipulation, I believe in PEAK OIL theory. You can research that from your Google.

500SEC 1984 retired at 192K
Porsche 928S GT 1984 (euro) retired at 243K
daisound is offline  
post #26 of 26 (permalink) Old 10-25-2008, 12:28 AM Thread Starter
BenzWorld Elite
 
Check Codes's Avatar
 
Date registered: Mar 2005
Vehicle: '01-E320 & 02-ST2
Location: John 15:18-19
Posts: 31,634
Mentioned: 0 Post(s)
Quoted: 35 Post(s)
(Thread Starter)
Quote:
Originally Posted by daisound View Post
Greg
Speculation will help the market rather than hurting the market. It will give the supply and demand side what to expect in the near future. If not the recession fear and the decrease in demand with the credit crunch in the market, today's crude will be much higher than 67. When the oil was 140, 2 to 3 months ago, we start to aware of the tight supply of crude. With the crude at current level, all the joker invested in green energy is doomed. If you think price of crude is normal at 67, keep your SUV, by the time world economy recovered, you will cry to put gas in every time. I glad we have people like you, only believe in what they want to believe. Price of crude will go back up to $100 better than 70% chance after election. No one single countries in the world can manipulate crude price for a long period of time. Crude and commodity price is tie to US$, if you think the world is going to let US$ continue to go up in the near future, you are out of your mind. US treasury has print 2X more money to save the credit crunch. Go back to your marco economic book to learn the effect of print money to the currency value. If you never learn that from your graduate classes, I do not have time to explain to you.
Just vote Obama this time, when the crude go back to 120 within 24 months, you are going to bitch price manipulation by the government. Your lover boy. I never compliant any government of crude manipulation, I believe in PEAK OIL theory. You can research that from your Google.
You clearly have no clue about me, my motivations, my point, or my politics.

Other than that, you're not on the issue, either. My post deflated your argument regarding a general correlation between fuel costs and crude prices so now you are attacking me instead of finding a valid argument; in logic circles that's called ad hominem.

Since you seem to have all the answers, please just tell me what questions to ask, then you can be right as you so obviously need to be.

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; its inherent virtue is the equal sharing of misery. (Winston Churchill)
Check Codes is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
     
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode



    Similar Threads
    Topic Author Forum Replies Last Post
    Mechanics...it's the 95% rotten ones Check Codes W210 E-Class 26 05-10-2008 01:40 PM
    Help w/ my rotten exhaust 947plan R/C107 SL/SLC Class 4 03-11-2008 07:54 PM
    Rotten eggs ml3addict W163 M-Class 4 04-04-2007 05:51 PM
    An Overall Rotten Day... jdc1244 W126 S,SE,SEC,SEL,SD,SDL Class 9 10-29-2004 07:29 PM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On

     

    Title goes here

    close
    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome