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agree with you rarely but certainly do about this. Boy some people love to think of themselves only, not our country or our universe.
Nita
How do oil prices affect our universe?
As far as not caring about "our country":
Do you understand that when oil companies make more money, they pay more taxes to fund the social entitlement programs? Billions of dollars worth of taxes. I guess you don't want the entitlement programs to get funded do you?
I guess you don't want our country to become energy independent either do you?
I guess you'd rather our country be less secure wouldn't you?
The more the price of oil goes up, the better my retirement fund grows. C'mon baby...climb to $200/bbl.
Quote:
Originally Posted by kentuckydad95
So I am going to let MY retirement account go to pot because it MIGHT help a little old lady? LOL...come back to the real world. I care about my family first.
forget your retirement account. I'm gonna buy an electric car just to spite you.
If indeed our economy improves they will make sure there will be no recovery with $150/barrel oil. They do not want a recovery but a collapse and make us all dependant.
Do you understand that when oil companies make more money, they pay more taxes to fund the social entitlement programs? Billions of dollars worth of taxes. I guess you don't want the entitlement programs to get funded do you?
I guess you don't want our country to become energy independent either do you?
I guess you'd rather our country be less secure wouldn't you?
of course I want us to become energy indepentent, but when someone says I want to see oil prices sky rocket, so I can make more money it ticks me off. I don't, so there!!!! what does rising fuel cost have to do with us becoming fuel independent?
Everytime the fuel prices rise, so do the things we depend on: things like food, travel, utilities, clothing, etc. When this happens everyone pays more for these products. Think about 1 more thing, if prices for fuel increase, people can not travel as much thus the travel industry suffers, often meaning lay offs.
How does the price of fuel, which is controlled by Opec have anything to do with entitlement programs and taxes in the USA or anywhere else in the world?
Let me add, we benefit finanually when the cost of natural gas goes up as we have natural gas wells, but that doesn't mean I want to see the prices so high that everyone suffers. And as most of you know, if you pay any attention I certainly am a supporter of capitalism.
So I am going to let MY retirement account go to pot because it MIGHT help a little old lady? LOL...come back to the real world. I care about my family first.
Short term Vs. long term. Higher oil prices have never lead to economic growth. Not ever. Always economic contraction. So I hope you are ready to short everything that is currently going up because it wount last.
What a great example of an American idiot ... your retirement account versus thousands of lives lost every time energy prices soar ... including little old laddies and little old men on fixed incomes in the northern climes who can barely afford to heat and eat now.
What a disgrace.
No one stopped those little old ladies and men from investing in oil stocks for their retirement nest egg. 50 shares/yr. purchased x 50 years would have helped them if they had chosen to help themselves. It was a free country for people to invest and save as they chose.
newone: One does not have to "short" stocks to make a profit or create a reliable source of income.
newone: One does not have to "short" stocks to make a profit or create a reliable source of income.
This is true. One shorts a stock when it is going to go down. Then at the bottom you buy it for cheap. The fed is doing everything it can to keep the asset bubble inflated. The question, is the hole in the bubble to big to be re-inflated. Two choices. inflate wages to suport the bubble, or let the assest values fall to match wages. There is no option C.
Thanks, but I really don't need an investment lesson from you. Just try to select your terminology more carefully.
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All selling is not "shorting".
