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Joined: Dec 2016
Posts: 1,536
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Campfire Regular
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" The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary" (H.L.Mencken, 1930s)...
We pray our sights be straight
and our aim be true
We pray for no pain
to the game we pursue
We thank you Lord
for this land
We thank you for the sights
from our stands
We pray for safety, one and all
We pray we may return next fall
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Joined: Dec 2007
Posts: 11,211
Campfire Outfitter
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Joined: Dec 2007
Posts: 11,211 |
Our only hope is the public doesn’t want Communism bad enough…..yet.
Not every Trump supporter is a market investor. A steady job and cheap gas will go along way with a lot of these voters.
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Joined: Nov 2015
Posts: 4,859
Campfire Tracker
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Joined: Nov 2015
Posts: 4,859 |
Carter - Destroyed the energy industry... Winning? Carter - Commie Clinton - Commie, Druggie, Murderer Soetoro - Commie, Druggie, Murderer Winning?
"He is far from Stupid"
”person, who happens to have an above-average level of intelligence”
– DocRocket (In reference to ElkSlayer91)
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Joined: Nov 2011
Posts: 2,613 Likes: 1
Campfire Regular
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Campfire Regular
Joined: Nov 2011
Posts: 2,613 Likes: 1 |
whataboutism[ hwuht-uh-bou-tiz-uhm, wuht‐, hwot‐, wot‐ ]SHOW IPA
noun
a conversational tactic in which a person responds to an argument or attack by changing the subject to focus on someone else’s misconduct, implying that all criticism is invalid because no one is completely blameless:
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Joined: Jan 2007
Posts: 20,812
Campfire Ranger
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Campfire Ranger
Joined: Jan 2007
Posts: 20,812 |
At 18K come election time, too much will have been lost by too many.
Ohio, Michigan, Florida and Pa will go Democrat and Trump will be a past President. I get your feeling, but in times that tough, it would seem even worse to hand the reins over to Bernie, or Biden. I believe Trump will be re-elected regardless how rough the ride gets. It not only seems it would be, but would be. However, there are too many fence sitters and those who vote with their wallet. I would hate to lay his odds at 18K. . There are no fence sitters this election scratching there head trying to figure out who to vote for. Fence sitters went his way in Pa in 2016. They still choose to sit in the same fence. Maybe in your part of Pa. but my side knows who they are going to vote for Well we need you, however Pa inner city blacks didn’t turn out in Obama numbers. Trump will own the center. The fence sitters that swung the deal was suburbia outside of Pittsburgh and Philadelphia. Bragging up on the fire for your little piece of the State wasn’t enough for 2016. Nor will it be in 2020.
laissez les bons temps rouler
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Joined: Nov 2015
Posts: 4,859
Campfire Tracker
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Campfire Tracker
Joined: Nov 2015
Posts: 4,859 |
Our only hope is the public doesn’t want Communism bad enough…..yet.
Not every Trump supporter is a market investor. A steady job and cheap gas will go along way with a lot of these voters. I fully understand the point you are making, but those you are describing are susceptible to being "heavily" influenced too, by friends and media who want them to flip back. It's the follow the crowd mentality I'm worried about here.
"He is far from Stupid"
”person, who happens to have an above-average level of intelligence”
– DocRocket (In reference to ElkSlayer91)
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Joined: Oct 2004
Posts: 2,139
Campfire Regular
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Campfire Regular
Joined: Oct 2004
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Back up the truck and load up on JMF. Huge dividend and we'll all be driving this summer. Gas and oil piplines
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Joined: Dec 2007
Posts: 11,211
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2007
Posts: 11,211 |
I have a decent amount of money in the market, not quite enough for me to live the way I would want yet but a decent amount. My investments returns at 29,000 were a pittance compared to what I made in the same time frame working thanks to this Trump economy.
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Joined: Nov 2015
Posts: 4,859
Campfire Tracker
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Campfire Tracker
Joined: Nov 2015
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whataboutism[ hwuht-uh-bou-tiz-uhm, wuht‐, hwot‐, wot‐ ]SHOW IPA
noun
a conversational tactic in which a person responds to an argument or attack by changing the subject to focus on someone else’s misconduct, implying that all criticism is invalid because no one is completely blameless: Statistics proves there is a “high probability” the Commie party, YOU, will put up another commie. That’s FACT, not conjecture…pal.
"He is far from Stupid"
”person, who happens to have an above-average level of intelligence”
– DocRocket (In reference to ElkSlayer91)
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Joined: May 2005
Posts: 16,554
Campfire Ranger
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Campfire Ranger
Joined: May 2005
Posts: 16,554 |
Not sure if it's time for bottom fishing, like to see some up/down action before betting on a recovery.
The key elements in human thinking are not numbers but labels of fuzzy sets. -- L. Zadeh
Which explains a lot.
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Joined: Aug 2005
Posts: 28,259 Likes: 6
Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 28,259 Likes: 6 |
Some of this is Russia's fault. They want oil to be low enough that American drillers and frackers stop drilling and fracking. They shut down because of cost. Then Russia and OPEC can raise prices as high as they want and they make money. Meanwhile when this happens price of gas may drop below a $1, but then in 6 months it could be $4. It will take American drilling companies a couple of years to recover. Some may go out of business. It takes more time to crank back up drilling than to shut it down and lay people off. Well something ought to shut down fracking. Ruined groundwater and wells all over, and earthquakes in Oklahoma - WTF? Must be some mighty deep ground water and water wells. Lotsa times oil isn't deep at all, just hard to get out til fracking came along. And if it was your water well? Another ignoramous rears his head..........educate yourself Wrapids and you won't come off sounding like a complete libtard dumbass on the subject.
It is irrelevant what you think. What matters is the TRUTH.
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Joined: Dec 2005
Posts: 10,298 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2005
Posts: 10,298 Likes: 1 |
"...A man's rights rest in three boxes: the ballot box, the jury box and the cartridge box..." Frederick Douglass, 1867
( . Y . )
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Joined: Jun 2012
Posts: 4,610 Likes: 1
Campfire Tracker
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Joined: Jun 2012
Posts: 4,610 Likes: 1 |
We could see 18k by the end of the month.... We could see 30k by the end of the month...
‘TO LEARN WHO RULES OVER YOU, SIMPLY FIND OUT WHO YOU ARE NOT ALLOWED TO CRITICIZE’
Conspiracy theorists are the ones who see it all coming…
You are the carbon they want to eliminate !
I’m Uber Deplorable Ultra MAGA !
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Joined: Feb 2007
Posts: 4,208
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IMHO, *WAY* too early to be right back into oil.
$30/bbl is low enough that some (many?) of the shale and small guys will go tits up. The bigger guys will survive but it's going to be a long recovery. Air travel, rail, cruise ships, and transportation in general are taking a pounding, and the next 2 quarter's earnings from these impacts will continue to take a toll and XOM and the like will be forced to revisit dividend pay to maintain profitability, and in some cases, solvency..
OXY, CLR, and the smaller guys are in serious trouble. Expect consolidation in the energy and transportation industries.
There will be some great opportunities, and be happy if you have cash on hand, but OIL right NOW ain't one of 'em.
The DIPCHIT ADD, after a morning of drinking:
You despair, repeatedly, constantly! daily basis?
A despair ninny.
Sack up, despire ninny.
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Joined: Sep 2013
Posts: 17,955 Likes: 16
Campfire Ranger
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Campfire Ranger
Joined: Sep 2013
Posts: 17,955 Likes: 16 |
We could see 18k by the end of the month.... We could see 30k by the end of the month... Gamblers, place your bets! Kyle Bass thinks there is more downside. I’ll take the under at this point.
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Joined: Nov 2015
Posts: 4,859
Campfire Tracker
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Joined: Nov 2015
Posts: 4,859 |
$30/bbl is low enough that some (many?) of the shale and small guys will go tits up. ...and the banks, who were fronting these guys with "cheap easy money". That's the story not out in the public domain......yet.
Last edited by ElkSlayer91; 03/09/20.
"He is far from Stupid"
”person, who happens to have an above-average level of intelligence”
– DocRocket (In reference to ElkSlayer91)
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Joined: Feb 2007
Posts: 4,208
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Joined: Feb 2007
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$30/bbl is low enough that some (many?) of the shale and small guys will go tits up. ...and the banks, who were fronting these guys with "cheap easy money". That's the story not out in the public domain......yet. Astute.... Anyone paying attention would notice that, while this is not a financial sub-prime debacle like last time, financial institutions are taking a pounding as well - especially the ones with a heavy interest in oil. Today's chit show was WAY more about OIL than COVID-19.
Last edited by duck911; 03/09/20.
The DIPCHIT ADD, after a morning of drinking:
You despair, repeatedly, constantly! daily basis?
A despair ninny.
Sack up, despire ninny.
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Joined: Nov 2015
Posts: 4,859
Campfire Tracker
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Joined: Nov 2015
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Just remember guys, there are presently more mortgages in default, and higher CC balances, than there was during the fiasco in 2008. None of that was solved. They just printed more money, and said, "Lets do it again....and they did.
This could not go just sideways.....it could cascade......DOWN.
"He is far from Stupid"
”person, who happens to have an above-average level of intelligence”
– DocRocket (In reference to ElkSlayer91)
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Joined: Aug 2019
Posts: 1,701
Campfire Regular
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Campfire Regular
Joined: Aug 2019
Posts: 1,701 |
IMHO, *WAY* too early to be right back into oil.
$30/bbl is low enough that some (many?) of the shale and small guys will go tits up. The bigger guys will survive but it's going to be a long recovery. Air travel, rail, cruise ships, and transportation in general are taking a pounding, and the next 2 quarter's earnings from these impacts will continue to take a toll and XOM and the like will be forced to revisit dividend pay to maintain profitability, and in some cases, solvency..
OXY, CLR, and the smaller guys are in serious trouble. Expect consolidation in the energy and transportation industries.
There will be some great opportunities, and be happy if you have cash on hand, but OIL right NOW ain't one of 'em.
USO is the way to go... get em’...
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Joined: Feb 2009
Posts: 11,920
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2009
Posts: 11,920 |
Wonder what will happen with OXY after their buyout of Anandarko last year or so.
After it was final they all but shutdown their part of the Denver Unit only doing what absolutely was needed to keep them running.
Several weeks ago a 3D geological survey was done here.
Might be more down there.
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