Home › Forums › Financial Markets/Economics › $100 barrel of oil, here we come….
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November 1, 2007 at 7:07 AM #94158November 1, 2007 at 9:03 AM #94140crParticipant
10 years ago oil was $10 barrel. The weak dollar is certainly not the only contributor to this 10-fold increase but it’s arguably the largest
Bernanke is on his way to earning title of worst fed chief ever IMO.
Stocks rally 1% after 2 weeks or so of relative stability following yesterday’s 1/4pt cut. Today they drop 2% because oil is at an all time high. Way to go Ben!
The FED and Congress want to keep people in homes who simply can’t afford them, and devalue the dollar to save them $50/month on a mortgage while shifting that “savings” to higher cost food, imports, oil, energy, consumer goods, and just about everything else.
Meanwhile anyone who saves money (who does that these days) loses more and more to inflation everyday, which is supposed to be the FEDs main role.
What a joke.
November 1, 2007 at 9:03 AM #94177crParticipant10 years ago oil was $10 barrel. The weak dollar is certainly not the only contributor to this 10-fold increase but it’s arguably the largest
Bernanke is on his way to earning title of worst fed chief ever IMO.
Stocks rally 1% after 2 weeks or so of relative stability following yesterday’s 1/4pt cut. Today they drop 2% because oil is at an all time high. Way to go Ben!
The FED and Congress want to keep people in homes who simply can’t afford them, and devalue the dollar to save them $50/month on a mortgage while shifting that “savings” to higher cost food, imports, oil, energy, consumer goods, and just about everything else.
Meanwhile anyone who saves money (who does that these days) loses more and more to inflation everyday, which is supposed to be the FEDs main role.
What a joke.
November 1, 2007 at 9:03 AM #94184crParticipant10 years ago oil was $10 barrel. The weak dollar is certainly not the only contributor to this 10-fold increase but it’s arguably the largest
Bernanke is on his way to earning title of worst fed chief ever IMO.
Stocks rally 1% after 2 weeks or so of relative stability following yesterday’s 1/4pt cut. Today they drop 2% because oil is at an all time high. Way to go Ben!
The FED and Congress want to keep people in homes who simply can’t afford them, and devalue the dollar to save them $50/month on a mortgage while shifting that “savings” to higher cost food, imports, oil, energy, consumer goods, and just about everything else.
Meanwhile anyone who saves money (who does that these days) loses more and more to inflation everyday, which is supposed to be the FEDs main role.
What a joke.
November 1, 2007 at 11:30 AM #94211ArrayaParticipant“Oil prices up mean that it is more valuable to drill for oil”
Looks like exxons explorations are not working out to well.
It’s not that oil is disapearing is getting more and more expensive. Every well goes through a natural peak and decline. That’s just the way it works.
http://money.cnn.com/2007/11/01/news/companies/exxon_mobil/index.htm?postversion=2007110112
Yes lots of places new places to invest. Follow the advice of T. Boone Pickens (he just bought that 35 million dollar property in del mar). And Matt Simmons former bush energy advisor.
November 1, 2007 at 11:30 AM #94249ArrayaParticipant“Oil prices up mean that it is more valuable to drill for oil”
Looks like exxons explorations are not working out to well.
It’s not that oil is disapearing is getting more and more expensive. Every well goes through a natural peak and decline. That’s just the way it works.
http://money.cnn.com/2007/11/01/news/companies/exxon_mobil/index.htm?postversion=2007110112
Yes lots of places new places to invest. Follow the advice of T. Boone Pickens (he just bought that 35 million dollar property in del mar). And Matt Simmons former bush energy advisor.
November 1, 2007 at 11:30 AM #94257ArrayaParticipant“Oil prices up mean that it is more valuable to drill for oil”
Looks like exxons explorations are not working out to well.
It’s not that oil is disapearing is getting more and more expensive. Every well goes through a natural peak and decline. That’s just the way it works.
http://money.cnn.com/2007/11/01/news/companies/exxon_mobil/index.htm?postversion=2007110112
Yes lots of places new places to invest. Follow the advice of T. Boone Pickens (he just bought that 35 million dollar property in del mar). And Matt Simmons former bush energy advisor.
November 1, 2007 at 12:00 PM #94223bsrsharmaParticipant$100 oil is very good for the environment; $200 would be much better than any number of Al Gore’s movies – though GM & Ford will go bankrupt and hurt Midwest very badly.
November 1, 2007 at 12:00 PM #94261bsrsharmaParticipant$100 oil is very good for the environment; $200 would be much better than any number of Al Gore’s movies – though GM & Ford will go bankrupt and hurt Midwest very badly.
November 1, 2007 at 12:00 PM #94269bsrsharmaParticipant$100 oil is very good for the environment; $200 would be much better than any number of Al Gore’s movies – though GM & Ford will go bankrupt and hurt Midwest very badly.
November 1, 2007 at 12:16 PM #94238kewpParticipant$100 oil is very good for the environment
This is a big reason I don’t crow about inflation as much as I probably should. It’s going to force most Americans to become conservationists.
Salaries aren’t inflating, thats for sure.
November 1, 2007 at 12:16 PM #94276kewpParticipant$100 oil is very good for the environment
This is a big reason I don’t crow about inflation as much as I probably should. It’s going to force most Americans to become conservationists.
Salaries aren’t inflating, thats for sure.
November 1, 2007 at 12:16 PM #94284kewpParticipant$100 oil is very good for the environment
This is a big reason I don’t crow about inflation as much as I probably should. It’s going to force most Americans to become conservationists.
Salaries aren’t inflating, thats for sure.
November 1, 2007 at 12:29 PM #94250ArrayaParticipant$100 oil is very good for the environment
Hardly… Coal is cheap and dirty now. Plus how long before we open up Anwar..
November 1, 2007 at 12:29 PM #94288ArrayaParticipant$100 oil is very good for the environment
Hardly… Coal is cheap and dirty now. Plus how long before we open up Anwar..
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