Sometimes I think that oil should be treated the same ways we treat the following;
Wind, why dont I get paid for some of the profits of the people who use windmills to sell elec? I own the wind as much as they do/
Water, why dont I get paid for some of the profits of the people who water as a profit maker? I own the rain and moisture as much as they do.
Airplanes, why dont I get some of the profits these airlines make. I own the air as much as they do/
I just wonder why oil is different than these, sure countries should own their own resources, but what is a resource? How should it affect the general population of that country?
When an oil company "buys a lease from the fed govt", should that money be distrubited to the population? Oh sure, they use our money to pay the bills of a few.
Should big oil invest in alternate energy sources? Maybe if they changed their proformula from oil to whatever, but that aint likely to happen. Yea, I am going to go out and invest in something that will cause losses to my company? Not in america dude.
As usual, the masses pay the freight for the few, it aint gonna change in our lifetimes.
It really is good to see the WHOA IS ME crowd is still alive and well on this forum.
I have no problem with your oil investments then or now, I am glad you are doing well with any investment tools you have... I don't think you were involved with inflating any actual bubble that may exist... but my gas guzzling SUV had little to do with it either... I have always had dedicated TV and choose RVing as a past time, just as you have made choices, good and bad... I have also had gas guzzling vehicles on the road producing income to...
I am more convinced than ever the oil market of late isn't driven by S&D as much as outside forces...
as I said, even if your oil investment is doing well your return is being devalued by these artificial prices and what they are doing to the economy... that should be of concern to even those invested in oil...
I however also believe if you have no concern for the cost these prices have inflected on the country or the world for that matter you will be a loser in the end to...
if your only motivation is based entirely in selfishness and greed, I would not have any respect for your opinion as I am sure you would have no respect in mine...
this is fine with me, because I do not seek validation for my beliefs from anyone on the forums...
Love my mass produced, entry level, built by Lazy American Workers, Hornet
John&Joey wrote: Because it's profiteering at the expense of the disadvantaged that's why. There are many ways to make money in this world. Working hard, and making sound investments, are just a few. Taking advantage of others, by being an opportunist (sucking up easy money), is not one that I subscribe too, or would like to be known as doing. How you perceive it, want to be known as, is your own business.
Last time I heard, any profit is at the expense of someone else. You are right there are many ways to make money, I too chose oil investments a long time ago, like in the early '80's. Where were all of you when my investments were not making money? I know, out driving your fuel sucking fuel hogs. Now that I'm making money, I'm profiteering off of the disadvantaged. Yeah right. It really is good to see the WHOA IS ME crowd is still alive and well on this forum. Just wondering, how many of you are there around here who always invest in altruistic companies that never make a profit at the expense of someone? Raise your hands. ROFLMAO!
Nope, if you invested in the 80's and held onto that bad investment all this time, then you earned every penny you made. There was a ton of better investments during the last 20+ years then big oil (how'd the 90's do for you?) The reason why you've done so well in the last five plus years is the way the rules were re-written in this area.
The problem is what do you do now? Do you take your money and run before the boys that ran it up, short it on you (new to this area READ THE LINK)?? Or do you gamble hoping for bigger gains and watch all your profits disappear. Or do you hold onto it, and see how your insights take you to the bank - LYAO - all the way.
Whatever you do, will not effect the outcome for the rest of us. The issue is, is it right to the economy (and the masses) to allow oil/gold/corn/etc... to be bought and sold like stock? The rules were setup in the beginning to protect companies from unseen rises in price. Not as an investment tool for hedgefunds thus creating a yo-yo effect for the economy. IMHO
Whatever you do with your investment, hope you pick the right choice for you.
I have done well with my investments in oil, because of the world's thirst for it. No rules, just human gluttony. My investments in oil are at the wellhead, not in the stock market. If oil gets back to $12 a barrel, I guess I would just cap my investments off. Do you think it will get there? I surely don't. I started receiving royalties when oil reached $20. I don't even believe oil will go there either. I had insight in the early 80's, now I just go to the bank once a month and make deposits of my insight (actually, I have it electronically deposited these days, being lazy and all).
as I said, even if your oil investment is doing well your return is being devalued by these artificial prices and what they are doing to the economy... that should be of concern to even those invested in oil...
I however also believe if you have no concern for the cost these prices have inflected on the country or the world for that matter you will be a loser in the end to...
I asked the question before, just how many of you around here have invested in altruistic companies, with no concern about profit? Still waiting for an answer. Are you making a lot of money with those investments? I think not. Altruism only goes so far, it rarely pays the bills. I have to admit I invested in oil for selfish reasons, our retirement. I guess I am just greedy that way.
Matthew, do you think all the oil produced in america or its holdings, stay in america? I would be interested in that tidbit of info. Or do they take the oil from say Texas, refine it (as it still cost them 10 bucks a barrell since that oil has been there for 100 years) and sell it overseas?
Man, oil is a big thing in the world today, just wonder how small the world really is when it comes to OUR oil.
enblethen wrote: I went through No. Dakota and Montana and saw all the new wells and expanded refineries. Biggest problem that I saw was Cheney's Hallburton name on many of them.
Another thing I saw going east and now coming back west(currently in Illinios), is the large storage facilities for corn and soybeans for the ethanol plants. It is no wonder you can't buy corn, it is in these big storage bins.
Cheney's Hallburton? Never heard anything when it was Clintons Hallburton in Bosnia? I often wonder why those that complain today about Hallburton didnt complain about them in the 90's when they won many over seas contracts... Maybe, if you do some research, you will find that Hallburton was the only corp suited to win the contracts...
How is the price of oil artificially inflated? If some taxing authority set the price for the value of oil like is done in the real estate market then I might by into that concept. Oil is traded on a open market. The price is set by the demands of that market. Those demands are varied and complicated, complaining about it here will do nothing.
Matthew_B wrote: It's simple, take Oil off the global market, stop allowing it to be traded as a commodity.
ITS NOT OURS TO MAKE THAT DECISION! well at least 60 % When and if the left decides to come back to work and talk energy and allow us to DRILL HERE then we can have a say so on how its bid on.
you know what will really make you . mad,, check out all the construction going on in the middle east up and down the Coast. Ive been to Dubai twice and its amazing what they're doing with our money over there..
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