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Well if you Bought Oil at $147.... - 9/9/2008 6:18:47 PM   
FatDomDaddy


Posts: 3183
Joined: 1/31/2004
Status: offline 		Your investment is pretty screwed huh?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aE2xCjzFk5Xs&refer=worldwide




< Message edited by FatDomDaddy -- 9/9/2008 6:26:46 PM >
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RE: Well if you Bought Oil at $147.... - 9/9/2008 6:19:56 PM   
Thadius


Posts: 5091
Joined: 10/11/2005
Status: offline 		Not if OPEC goes with what Iran is asking for... At the meeting they are pushing for a lowering of production to bring prices back up.

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When the character of a man is not clear to you, look at his friends." ~ Japanese Proverb

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RE: Well if you Bought Oil at $147.... - 9/9/2008 6:28:02 PM   
FatDomDaddy


Posts: 3183
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Status: offline 		I doubt it Thadius.

There is a huge glut of oil and OPEC makes no money if people don't buy it.

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RE: Well if you Bought Oil at $147.... - 9/9/2008 6:48:10 PM   
Thadius


Posts: 5091
Joined: 10/11/2005
Status: offline 		The Saudis recommended keeping levels where they are... we will find out soon.


Edited for a stray '

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When the character of a man is not clear to you, look at his friends." ~ Japanese Proverb

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RE: Well if you Bought Oil at $147.... - 9/9/2008 6:53:11 PM   
MistressNew


Posts: 112
Joined: 5/5/2007
Status: offline 		Then again, if you bought in 2001, you'd be sitting quite pretty by now.

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RE: Well if you Bought Oil at $147.... - 9/9/2008 7:00:56 PM   
LookieNoNookie


Posts: 12216
Joined: 8/9/2008
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quote:

ORIGINAL: FatDomDaddy

Your investment is pretty screwed huh?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aE2xCjzFk5Xs&refer=worldwide


Indeed...several of mine.

(Last few weeks have not been terribly productive on this front).

However, I spoke to my advisor....and I've decided to invest in guys who stand at exit ramps with containers...I'm hoping to collect large.


< Message edited by LookieNoNookie -- 9/9/2008 7:02:40 PM >

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RE: Well if you Bought Oil at $147.... - 9/9/2008 7:34:25 PM   
proudsub


Posts: 6142
Joined: 1/31/2004
From: Washington
Status: offline 		So should i buy heating oil now or wait a little longer?

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proudsub

"Without goals you become what you were. With goals you become what you wish." .

"You are entitled to your own opinions but not your own facts"--Alan Greenspan


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RE: Well if you Bought Oil at $147.... - 9/9/2008 7:38:34 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
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quote:

ORIGINAL: FatDomDaddy

Your investment is pretty screwed huh?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aE2xCjzFk5Xs&refer=worldwide





not to worry.  If losses get massive- the govt will give a bail out....

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RE: Well if you Bought Oil at $147.... - 9/9/2008 7:47:40 PM   
FatDomDaddy


Posts: 3183
Joined: 1/31/2004
Status: offline 		HA!...

Now that was funny!

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RE: Well if you Bought Oil at $147.... - 9/9/2008 7:48:46 PM   
LookieNoNookie


Posts: 12216
Joined: 8/9/2008
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quote:

ORIGINAL: proudsub

So should i buy heating oil now or wait a little longer?


Wait until late October...then buy.

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RE: Well if you Bought Oil at $147.... - 9/9/2008 8:23:45 PM   
TieNTeas


Posts: 101
Joined: 11/15/2005
Status: offline 		OPEC oil ministers decide curb overproduction by more than 500,000 barrels a day
http://biz.yahoo.com/ap/080909/opec_meeting.html


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RE: Well if you Bought Oil at $147.... - 9/9/2008 8:33:28 PM   
Thadius


Posts: 5091
Joined: 10/11/2005
Status: offline 		Thanks for the update, now I don't look as crazy as my earlier post must have sounded.

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When the character of a man is not clear to you, look at his friends." ~ Japanese Proverb

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RE: Well if you Bought Oil at $147.... - 9/9/2008 9:11:43 PM   
OneMoreWaste


Posts: 910
Joined: 8/24/2008
Status: offline 		I'm filling everything I've got while we're under $3.50/gal, because it ain't gonna last.

I do wonder what the fuck is going on with silver, though... the Fed is printing dough as fast as they can cut down the trees, with epic corporate handouts hitting the papers, and the dollar is UP? Bizarre.

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RE: Well if you Bought Oil at $147.... - 9/9/2008 10:11:26 PM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		OMW, it's just another manipulation. True market forces will come through. Big money is just trying to keep the big money. Silver will be up, might take a year, but it will.

Buy low sell high, simple as that. You just can't bet the farm on it because the payoff might not be right away. You need finacial patience, which I would define as having the resources to keep going on until the payoff comes.

Anyway, the price of oil going down is good news, and when futures holders start jumping off the bandwagon, they will further compound the "problem", which will benefit us at the pump.

T

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