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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
$5 oil is just asinine. The economy boomed while crude sat at $50-$60bbl. That seems about right to me. Spot on and many folks were employed at that time. Funny how folks here are pleased when unemployment is low yet want various companies, even industries to fall... A whole lot of folks can’t see past the end of their nose, huh? The markets need to be free and find the proper price..... bottom line
Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Apr 2011
Posts: 151,768 Likes: 15
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,768 Likes: 15 |
Wifey is in the oil business, glad it is up some. They laid off 20% worldwide.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
$5 oil is just asinine. The economy boomed while crude sat at $50-$60bbl. That seems about right to me. Spot on and many folks were employed at that time. Funny how folks here are pleased when unemployment is low yet want various companies, even industries to fall... A whole lot of folks can’t see past the end of their nose, huh? The markets need to be free and find the proper price..... bottom line Nice thought but doesn’t work that way with cartels and over abundance in the wings. Anything concerned with multiple National securities involved will be largely controlled with the occasional excesses and droughts.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Sep 2009
Posts: 46,253 Likes: 2
Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2009
Posts: 46,253 Likes: 2 |
You bet, exxon bought at $30.50 8-9 weeks ago was near 60 bucks a few days ago, think it settled to around 47 today, i'll sit tight, watch it rise, then let er go.
Trump Won!
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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 |
$5 oil is just asinine. The economy boomed while crude sat at $50-$60bbl. That seems about right to me. Spot on and many folks were employed at that time. Funny how folks here are pleased when unemployment is low yet want various companies, even industries to fall... A whole lot of folks can’t see past the end of their nose, huh? The markets need to be free and find the proper price..... bottom line With Wall Street setting the prices daily, it's never gonna be a "free" market. Too much $$$ to be made, and those boys have to have wide fluctuations to make any money.
It is irrelevant what you think. What matters is the TRUTH.
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Joined: Dec 2003
Posts: 86,258 Likes: 25
Campfire Oracle
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Campfire Oracle
Joined: Dec 2003
Posts: 86,258 Likes: 25 |
Nothing kills an economy quicker than high oil prices. Very bad news. Oil and fuel prices are pretty low right now and the economy is struggling, so I don’t think that’s a good generalization. Except for the fact that government curbed this economy and continues to do so, so there is always that... True, and the point of my comment about a generalization about the price of oil.
If you take the time it takes, it takes less time.
--Pat Parelli
American by birth; Alaskan by choice.
--ironbender
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Joined: Dec 2013
Posts: 23,686 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
You bet, exxon bought at $30.50 8-9 weeks ago was near 60 bucks a few days ago, think it settled to around 47 today, i'll sit tight, watch it rise, then let er go. I bought xom, cvx, mpc, and et end of March. Bought mmp, slb, Hal and fang in early April. Guess I'm betting on a trump second term
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Joined: Sep 2009
Posts: 46,253 Likes: 2
Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2009
Posts: 46,253 Likes: 2 |
You bet, exxon bought at $30.50 8-9 weeks ago was near 60 bucks a few days ago, think it settled to around 47 today, i'll sit tight, watch it rise, then let er go. I bought xom, cvx, mpc, and et end of March. Bought mmp, slb, Hal and fang in early April. Guess I'm betting on a trump second term That, and even I know we aint ready for gayass battery and wind power, we have to have oil, plus, Exxon is in to all kinds of chit, if they die, we have a chit ton of problems to worry about, it'll be game on at that point, didn't mind at all laying down some HEAVY green on them.
Trump Won!
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
You bet, exxon bought at $30.50 8-9 weeks ago was near 60 bucks a few days ago, think it settled to around 47 today, i'll sit tight, watch it rise, then let er go. I bought xom, cvx, mpc, and et end of March. Bought mmp, slb, Hal and fang in early April. Guess I'm betting on a trump second term We’re all betting on trump’s second term.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: May 2020
Posts: 1,644
Campfire Regular
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Campfire Regular
Joined: May 2020
Posts: 1,644 |
Higher fuel prices should mean less Floyd-19 destruction and death via Molotov cocktails.
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Joined: Jan 2005
Posts: 17,059
Campfire Ranger
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Campfire Ranger
Joined: Jan 2005
Posts: 17,059 |
1.50 gal fuel is to low, 4.00 is to high
2.50 to 3.00 is good for everyone.
Kent
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Joined: Dec 2013
Posts: 23,686 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
You bet, exxon bought at $30.50 8-9 weeks ago was near 60 bucks a few days ago, think it settled to around 47 today, i'll sit tight, watch it rise, then let er go. I bought xom, cvx, mpc, and et end of March. Bought mmp, slb, Hal and fang in early April. Guess I'm betting on a trump second term We’re all betting on trump’s second term. Anyone putting money in the stock market or real estate is. Biden wins it will be the quickest down then in history. In all honesty, I don't think the U.S. would make it through the first four years. Biden wins, my main focus will be making our mountain property 100% self sufficient as quickly as possible.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
You bet, exxon bought at $30.50 8-9 weeks ago was near 60 bucks a few days ago, think it settled to around 47 today, i'll sit tight, watch it rise, then let er go. I bought xom, cvx, mpc, and et end of March. Bought mmp, slb, Hal and fang in early April. Guess I'm betting on a trump second term We’re all betting on trump’s second term. Anyone putting money in the stock market or real estate is. Biden wins it will be the quickest down then in history. In all honesty, I don't think the U.S. would make it through the first four years. Biden wins, my main focus will be making our mountain property 100% self sufficient as quickly as possible. It will be interesting to see see which candidate Wall Street throws their money at.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Mar 2010
Posts: 24,269 Likes: 10
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,269 Likes: 10 |
$5 oil is just asinine. The economy boomed while crude sat at $50-$60bbl. That seems about right to me. Spot on and many folks were employed at that time. Funny how folks here are pleased when unemployment is low yet want various companies, even industries to fall... No problem paying a bit more for gas. If it keeps. good paying jobs in the US. If the Texas oil fields tank it will just be easier to turn the state blue. Big picture fellas
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Joined: May 2011
Posts: 7,512 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: May 2011
Posts: 7,512 Likes: 1 |
$5 oil is just asinine. The economy boomed while crude sat at $50-$60bbl. That seems about right to me. Spot on and many folks were employed at that time. Funny how folks here are pleased when unemployment is low yet want various companies, even industries to fall... No problem paying a bit more for gas. If it keeps. good paying jobs in the US. If the Texas oil fields tank it will just be easier to turn the state blue. Big picture fellas ^^^ +1......
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Joined: Jan 2002
Posts: 12,862 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,862 Likes: 5 |
Bottom line is that the more volatile the price of oil is, the higher the average price will be. Volatility is tough on business that are volume users of fuel, including farms. Makes planning tough.
Keep it at $60, and I'm good. The $20 / barrels times don't help much, and the $150 episodes are killers......
Sic Semper Tyrannis
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Joined: Feb 2009
Posts: 8,073
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2009
Posts: 8,073 |
Saudi Arabia is a big welfare state. Every one on government tit. Natives will get restless at 30 dollar oil. Needs to be in 60 dollar range. SA learned a big lesson with crude war with Russia and US Shale producers. Will control output to raise prices back to acceptable level. Hasbeen
hasbeen
(Better a has been than a never was!)
NRA Patron member
Try to live your life where the preacher doesn't have to lie at your funeral
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Joined: Jul 2009
Posts: 5,183
Campfire Tracker
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Campfire Tracker
Joined: Jul 2009
Posts: 5,183 |
Nothing kills an economy quicker than high oil prices. Very bad news. Nothing works better than supply and demand in the long run.
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