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02-23-2012, 05:03 AM
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#1
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Community Administrator
Join Date: Aug 2009
Posts: 53,540
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Wall Street does it again to oil prices
Here is an article from today's paper.
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Cliff,Tallulah and Buddy ( 1999-2012 )
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02-23-2012, 05:20 AM
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#2
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Senior Member
Vintage RV Owners Club Fleetwood Owners Club
Join Date: Aug 2011
Location: Santa Barbara, CA
Posts: 413
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Speculation huh? So why are they speculating oil is going to up instead of down? Could it be a supply problem? Dependency on a middle east full of morons in some misguided environmental clap trap theory for America and the rest of the free world to reject their own energy supply needs? To reject every pipeline and oil well proposed only to run off to the middle east to bow to some stinking king? A failure to plan for our energy needs while embracing an irrational belief that solor panels and windmills can replace our chief source of reliable energy? No, it couldn't be any of those things, damn those dirty speculators, yeah, yeah, lets go with that!
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02-23-2012, 06:28 AM
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#3
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Senior Member
Ford Super Duty Owner
Join Date: May 2009
Location: kingston tn.
Posts: 974
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just remember when our 401k's rose up during tge the late 90's and early 2k's that was driven by speculation some what as well
justsayen
brianj
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just liven life in east tn or where ever our
2011 georgetown ,2016 explorer and 2015 "hemi" ram take us
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02-23-2012, 06:38 AM
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#4
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Registered User
National RV Owners Club Ford Super Duty Owner
Join Date: Jun 2011
Location: Lake George, Mi
Posts: 385
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Well Iran just cut the UK and France off their export list. That doesn't help.
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02-23-2012, 06:42 AM
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#5
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Community Administrator
Join Date: Aug 2009
Posts: 53,540
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Quote:
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Originally Posted by jlyon69
Well Iran just cut the UK and France off their export list. That doesn't help.
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They had already stopped buying from them as stated in the article I posted. Iran was trying to flex some muscles they no longer had.
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Cliff,Tallulah and Buddy ( 1999-2012 )
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02-23-2012, 06:48 AM
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#6
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Registered User
National RV Owners Club Ford Super Duty Owner
Join Date: Jun 2011
Location: Lake George, Mi
Posts: 385
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Quote:
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Originally Posted by Clifftall
They had already stopped buying from them as stated in the article I posted. Iran was trying to flex some muscles they no longer had.
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Couldnt read the article with the irv app and only heared this on the news, thanks for the update.
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02-23-2012, 06:49 AM
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#7
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Community Administrator
Join Date: Aug 2009
Posts: 53,540
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Quote:
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Originally Posted by jlyon69
Couldnt read the article with the irv app and only heared this on the news, thanks for the update.
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Off topic but what device are you using? My iPhone shows it on the IRV2 app.
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Cliff,Tallulah and Buddy ( 1999-2012 )
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02-23-2012, 06:55 AM
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#8
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Registered User
National RV Owners Club Ford Super Duty Owner
Join Date: Jun 2011
Location: Lake George, Mi
Posts: 385
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Quote:
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Originally Posted by Clifftall
Off topic but what device are you using? My iPhone shows it on the IRV2 app.
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Android. It shows any pic/attachment, it's just that it was too small to read anything but the headine.
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02-23-2012, 07:22 AM
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#9
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Senior Member
Join Date: Dec 2009
Location: TX
Posts: 725
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Reason #1: we the US voter elect business unfriendly officals[moderator edit]
#2: supply and demand, OPEC countries control this dynamic partly because of reason #1.
3#: global geopolitical instability(Iran, etc)
#4: Oil, and most commodities, are priced in US$. When the US$ goes down, they go up.
Take advantage of the above by trading in the US stock market.
I was able retired at 50 yrs of age because I long ago learned to live well within my means so as to SAVE$(no debt) and work(not buy and hold) my $ in the US stock markets.
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96 Prevost Liberty XL40'-Past MHs: 02 Monaco45'Sig,00Monaco43'Sig,99Monaco42'Exec,98Mona co42'Sig,98Newmar38'DSDP(pictured),88FW26'Jamboree .
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02-23-2012, 07:27 AM
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#10
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Registered User
Join Date: Feb 2012
Posts: 346
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Quote:
Originally Posted by jlyon69
Well Iran just cut the UK and France off their export list. That doesn't help.
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Britain gets 0% and France 3%. Hardly market moving numbers. Looks like speculators at work' 
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02-23-2012, 07:35 AM
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#11
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Community Administrator
Join Date: Aug 2009
Posts: 53,540
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Quote:
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Originally Posted by henderson
Britain gets 0% and France 3%. Hardly market moving numbers. Looks like speculators at work' |
That's all I was trying to point out. Looks like this thread won't last long as some need to inject politics in it.
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Cliff,Tallulah and Buddy ( 1999-2012 )
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02-23-2012, 07:40 AM
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#12
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Registered User
National RV Owners Club Ford Super Duty Owner
Join Date: Jun 2011
Location: Lake George, Mi
Posts: 385
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Quote:
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Originally Posted by lonestarace
Reason #1: we the US voter elect business unfriendly officals[moderator edit]
#2: supply and demand, OPEC countries control this dynamic partly because of reason #1.
3#: global geopolitical instability(Iran, etc)
#4: Oil, and most commodities, are priced in US$. When the US$ goes down, they go up.
Take advantage of the above by trading in the US stock market.
I was able retired at 50 yrs of age because I long ago learned to live so as to SAVE$(no debt) and work(not buy and hold) my $ in the US stock markets.
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Ditto here. Gas prices go up, so do my oil stocks.... More than makes up the difference. I retired at 51 (9 years ago). When the bottom dropped out in 08, I got out before it got bad. In mid 09 I loaded up on apple @ 150. Looks like it will hit $515 today. 
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02-23-2012, 08:06 AM
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#13
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Member
Join Date: Apr 2011
Posts: 71
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"Speculation" is a pejorative for commodity trading. It enabled us to no longer be subsistence farmers. Without it high risk industries aren't viable when markets fluctuate wildly as they are doing now.
I beg of you, don't fall victim to talking points of this sort without carefully thinking things through. That just advances political agendas that are far from being in our best interests.
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02-23-2012, 08:20 AM
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#14
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Senior Member
Join Date: Nov 2010
Posts: 2,415
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[QUOTE="jlyon69"]
Ditto here. Gas prices go up, so do my oil stocks.... More than makes up the difference. I retired at 51 (9 years ago). When the bottom dropped out in 08, I got out%
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