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Old 07-19-2008, 09:37 AM
 
363 posts, read 792,817 times
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I'm still up on my portfolio this year thanks to USO and some ultra short ETFs. Hopefully we see an active hurricane season and prices spike to $200 barrel.
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Old 07-19-2008, 09:40 AM
 
190 posts, read 780,358 times
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Kevin, I'm sure you're posting this just to get a few laughs from the nasty comments you're anticipating members will throw at you for making such a patently mean-spirited statement.
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Old 07-19-2008, 10:30 AM
 
Location: The Woods
17,199 posts, read 22,943,814 times
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Haha, unless you're not using paper money, if the economy and the dollar with it tanks at $200 oil, you'd still be in trouble...I won't be, my savings are all in silver, gold, and useful items like land, tools, etc. This time next year I won't be reliant on oil at all so speculate away...
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Old 07-19-2008, 11:20 AM
 
4,711 posts, read 11,172,432 times
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Quote:
Originally Posted by KevinE View Post
.....Hopefully we see an active hurricane season and prices spike to $200 barrel.

Yes, a Category 5 hurricane at your house would be GREAT!
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Old 07-19-2008, 11:44 AM
 
190 posts, read 780,358 times
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I predict we'll see no damaging hurricanes this year. It will be a repeat of the last two years. I further predict we've entered an inactive hurricane cycle that will last for several years, all this global warming nonsense notwithstanding. Don't look for ins. co.'s to give the homeowners a break on their premiums, however.
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Old 07-19-2008, 11:57 AM
 
Location: Raleigh, NC
9,043 posts, read 11,813,311 times
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Quote:
Originally Posted by KevinE View Post
I'm still up on my portfolio this year thanks to USO and some ultra short ETFs. Hopefully we see an active hurricane season and prices spike to $200 barrel.
I'm right there with you on the high oil prices. Necessity is the mother of invention and nothing like having a whole lot of necessity to invent some nice alternatives

Just keep quiet on your investments in a public sphere lest you receive personal retribution from those who will indeed be jealous of your success.
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Old 07-19-2008, 11:59 AM
 
Location: Raleigh, NC
9,043 posts, read 11,813,311 times
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Originally Posted by JoeyT View Post
Kevin, I'm sure you're posting this just to get a few laughs from the nasty comments you're anticipating members will throw at you for making such a patently mean-spirited statement.
His comments are no more mean spirited than the CA "homeowner" who wished for never ending double digit increases within the real estate ponzi scheme to price out legitimate savers from owning a home.
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Old 07-19-2008, 12:12 PM
 
190 posts, read 780,358 times
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Quote:
His comments are no more mean spirited than the CA "homeowner" who wished for never ending double digit increases within the real estate ponzi scheme to price out legitimate savers from owning a home.
I never thought of that. I stand corrected.
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Old 07-19-2008, 12:17 PM
 
363 posts, read 792,817 times
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Funny how all the fans of the suburban sprawl lifestyle are now cheerleading this slight pullback in oil as if they dodged a bullet.
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Old 07-19-2008, 12:19 PM
 
Location: In The Outland
6,023 posts, read 12,228,772 times
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The price for crude oil is coming back down or hasn't anyone noticed. It's an election year for heavens sake and the fear mongers are in prime form. I think fuel prices are stabilizing after that painful and rapid spike. I don't think they will ever go back down to the levels of the past few years but I also doubt if we will see the $8.00 or $12.00 per gallon prices that the fear mongers are predicting. We will see a bit of general price inflation but the prices will settle and we will absorb them. Unless something really bad happens life will just go on, and we all will still complain !
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