11.6 billion dollars in the second quarter.
in light of that, the moral majority still believes the 14 billion dollars a year in tax cuts they gave the oil industry is justified.
the moral majority working hard for you......
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shadowrelm wrote:
the moral majority working hard for you......
That **** doesn't even make sense. I know it's like your little tagline or whatever but can you please make it applicable?
Think how much money you'd have right now if you had invested something into gas stocks.
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
Uglysasquatch, Mercenary Major wrote:
Think how much money you'd have right now if you had invested something into gas stocks.
Oil futures, man. Crude makes more far far more money than a refinery.
Kaelesh wrote:
Uglysasquatch, Mercenary Major wrote:
Think how much money you'd have right now if you had invested something into gas stocks.
Oil futures, man. Crude makes more far far more money than a refinery.
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
But his power lies in shadows, not logical decisions.
Kaelesh wrote:
But his power lies in shadows, not logical decisions.
That's the moral majority working hard for you.
my stocks are doing just fine actually. i transfered all of them from the S&P index to government bonds not too long after Katrina. missed the rise fom 13 to 15, which gave me some doubt about my decision, but then i missed the slide from 15 to 12 which would have wiped out everything i would have gained and then some to boot. been earning a constant 4 plus percent since with zero losses during all of this mess we are in. Katrina taking over a million people out of the economy, and Greenspan stepping down was enough for me to play it safe for a little whie to see where things are going to lead.
the market is going to take another hit too when the oil stock bubble busts, and bust it will. there is no shortage. not domestically, or globaly. there is NOTHING but insider manipulation driving up the value of oil right now. nothing to support its current value. just like tech stocks prior to 2000. think ill ride it out in government bonds till that one busts too. 4 percent a year isnt much, but its a heck of alot better than double digit losses for the last couple years.
alot of the people i work with took it hard in their 401k plans. some loosing close to 200k in the last 3 years. losses that would take them 5 ot 7 years at 10 percent to just get back to there they were. some of them close to retirement guarenteeing they will never recover.
it has been a living example of exactly why SS should NEVER be vested in the stock market. you could concievably have an entire generations SS savings wiped out leaving them destitute at retirement depending on where the gains and loss cycle was at the time when they are ready to retire or can no longer work.
you righties still are just flat out blind to the obvious. why in hell would exxon or any other company want to drill for more oil? the only outcome possible would be massive expendatures for the purpose of making their product worth significantly less resulting in their stocks taking a crash dive of historic perportions. it would turn their record breaking 11 billion in profits into record breaking financial losses.
it is a political sound bite. thats why you see bush and mccain crying "more drilling" but you dont see ANYONE from any oil company doing anything with the millions and millions of leases they already have, nor making any public message about needing to do more drilling. you wont either.
it polls well. thats all. big oil wants the leases, but they have ZERO interest in actually drilling more wells. and if you forced them too, guess what? gas prices would sky rocked to pay for it for atleast the next 10 years.
it polls well. and alot of uneducated people think it sounds good on the surface but cant be bothered to look any deeper. the sheep.
the path foward isnt just reducing our dependancy on foreign oil, its also reducing our dependancy on domestic oil. the path foward to reducing our energy costs is taxing the hell out of anything oil, just like cigaretts, and spending that money on battery powered cars, wind, hydrogen, and nuclear power.
not selling more leases to big oil so they can sit on it like they are sitting on the 50 plus million acres they ALREADY have but havnet used since the 80s.
Edited, Jul 31st 2008 4:10pm by shadowrelm
the market is going to take another hit too when the oil stock bubble busts, and bust it will. there is no shortage. not domestically, or globaly. there is NOTHING but insider manipulation driving up the value of oil right now. nothing to support its current value. just like tech stocks prior to 2000. think ill ride it out in government bonds till that one busts too. 4 percent a year isnt much, but its a heck of alot better than double digit losses for the last couple years.
alot of the people i work with took it hard in their 401k plans. some loosing close to 200k in the last 3 years. losses that would take them 5 ot 7 years at 10 percent to just get back to there they were. some of them close to retirement guarenteeing they will never recover.
it has been a living example of exactly why SS should NEVER be vested in the stock market. you could concievably have an entire generations SS savings wiped out leaving them destitute at retirement depending on where the gains and loss cycle was at the time when they are ready to retire or can no longer work.
you righties still are just flat out blind to the obvious. why in hell would exxon or any other company want to drill for more oil? the only outcome possible would be massive expendatures for the purpose of making their product worth significantly less resulting in their stocks taking a crash dive of historic perportions. it would turn their record breaking 11 billion in profits into record breaking financial losses.
it is a political sound bite. thats why you see bush and mccain crying "more drilling" but you dont see ANYONE from any oil company doing anything with the millions and millions of leases they already have, nor making any public message about needing to do more drilling. you wont either.
it polls well. thats all. big oil wants the leases, but they have ZERO interest in actually drilling more wells. and if you forced them too, guess what? gas prices would sky rocked to pay for it for atleast the next 10 years.
it polls well. and alot of uneducated people think it sounds good on the surface but cant be bothered to look any deeper. the sheep.
the path foward isnt just reducing our dependancy on foreign oil, its also reducing our dependancy on domestic oil. the path foward to reducing our energy costs is taxing the hell out of anything oil, just like cigaretts, and spending that money on battery powered cars, wind, hydrogen, and nuclear power.
not selling more leases to big oil so they can sit on it like they are sitting on the 50 plus million acres they ALREADY have but havnet used since the 80s.
Edited, Jul 31st 2008 4:10pm by shadowrelm
Government bonds. That's an excellent holding account.
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
funny thing about government bonds. when the stock market crashes, they are worth more. when the deficit is higher, their return is higher as they try to cover some of it by selling bonds. granted, it rarely gets above 5 percent, but it almost never drops below 3 percent.
you can get CDs for the same, but if the bank fails.....by by money.
the stock market as a whole usually earns close to 10 percent in any given 10 year cycle, inclusing any 10 years that includs black monday. it may ineviatable launch after all this mess and earn 10 percent including the years with this mess too.
mabe.
but right now, it is in double digit losses. having it hidden under your pillow would be better right now.
i plan in reinvesting it after the oil bubble breaks. not untill then. the housing market will have corrected itself by then. this should be the worst year for housing, it should level off and start moving foward next year.
but not untill then.
you can get CDs for the same, but if the bank fails.....by by money.
the stock market as a whole usually earns close to 10 percent in any given 10 year cycle, inclusing any 10 years that includs black monday. it may ineviatable launch after all this mess and earn 10 percent including the years with this mess too.
mabe.
but right now, it is in double digit losses. having it hidden under your pillow would be better right now.
i plan in reinvesting it after the oil bubble breaks. not untill then. the housing market will have corrected itself by then. this should be the worst year for housing, it should level off and start moving foward next year.
but not untill then.
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