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re: Have you noticed the action of the price of oil?
Posted on 3/5/16 at 7:35 am to rocket31
Posted on 3/5/16 at 7:35 am to rocket31
quote:
none.
its an irrational, emotional argument based on guilting others for enjoying cheap gas
Not quite
It's a chicken/egg type thing. Cheap gas is great. But it's not great when it's because of a global economic slow down that can hurt the entire U.S. economy.
2
Posted on 3/5/16 at 7:37 am to Powerman
Which means you are buying shares cheaper than you were before, so that when the economy does recover, you'll make that much more money
Posted on 3/5/16 at 8:02 am to wallowinit
Why you looking at the price of oil?
Small oil companies in the last week are up by 1500% from $0.21 per share.
Who was smart enough to invest ?
Small oil companies in the last week are up by 1500% from $0.21 per share.
Who was smart enough to invest ?
Posted on 3/5/16 at 8:15 am to jeff5891
Let's see some symbols.
Posted on 3/5/16 at 8:38 am to wallowinit
That financial advice isn't free
This post was edited on 3/5/16 at 1:07 pm
Posted on 3/5/16 at 8:51 am to wallowinit
Sure have. A few Oil stocks definitely worth having around for the year I say.
Posted on 3/5/16 at 8:57 am to Powerman
quote:
Right. Save 100 a month in gas for an exchange in your retirement funds getting butchered...makes sense if you don't have any investments like most of the people here I guess
If your investments are good buy more stock when the price is low and it'll recover. You shouldn't worry about it unless you are retiring very soon.
Posted on 3/5/16 at 9:05 am to Powerman
quote:
It's a chicken/egg type thing. Cheap gas is great. But it's not great when it's because of a global economic slow down that can hurt the entire U.S. economy.
also, petro production has become one of the backbones of our economy
there are 3 reasons why we haven't gone into a full depression post 2008: (1) borrowing/printing about $9-10T (2) tech (3) petro
petro cratering hurts the overall economy. it's not like there is another industry ready to take that place
Posted on 3/5/16 at 9:07 am to dukke v
quote:
Keep Louisiana workers working and people not getting raped at the pump.
Nothing is keeping these baws from getting another job.
Posted on 3/5/16 at 9:11 am to LSUTANGERINE
quote:
Nothing is keeping these baws from getting another job.
Do you live in Louisiana? It revolves around the oilfield. From diners to colleges.
Posted on 3/5/16 at 9:14 am to SlowFlowPro
Conversely, when the price at the pump was $4.00 it hurt the entire US economy.Major oil companies(Exxon) posted record breaking profits(+ 10 billion dollars) every consecutive quarter for a substantial amount of time.
Posted on 3/5/16 at 9:22 am to windmill
there is give and take, but we saw tens of billions of dollars of annual investment (Which means jobs and money flowing to people)
now there is a savings in terms of use and that money will flow, but it's likely going to impact the economy at a much lower level
that's why i said there isn't really a replacement industry waiting in the wings. if one emerges that will be great
i'm talking macro-level also. thinking about executive and professional jobs as well as booms like north dakota. this isn't about LA
now there is a savings in terms of use and that money will flow, but it's likely going to impact the economy at a much lower level
that's why i said there isn't really a replacement industry waiting in the wings. if one emerges that will be great
i'm talking macro-level also. thinking about executive and professional jobs as well as booms like north dakota. this isn't about LA
Posted on 3/5/16 at 9:49 am to wallowinit
Unfortunately Iranian oil hasn't hit the market yet.
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