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Off Topic => Ten Forward => Topic started by: Jack Morris on May 10, 2005, 08:22:01 am

Title: Oil is going up, again
Post by: Jack Morris on May 10, 2005, 08:22:01 am

http://biz.yahoo.com/ap/050510/oil_prices.html?.v=3

Looks like the 49-8 mark was just a temporary thing or will we see it again this year?

Title: Re: Oil is going up, again
Post by: Commander La'ra on May 10, 2005, 07:32:02 pm

*sigh*

I know this is good news for you, but this is honest-to-God killing me.

Title: Re: Oil is going up, again
Post by: Jack Morris on May 10, 2005, 11:37:04 pm

It's killing me too, yes, I get dividends and stuff, but in no way am I with the wealthy who can afford to invest and live off dividends alone!  ;)

I pay a lot in Texas, and in Mexico gasoline is very, very expensive.  >:(

Title: Re: Oil is going up, again
Post by: Jack Morris on May 10, 2005, 11:40:57 pm

Another difficulty with high oil prices is it fuels inflation and causes investors to be very wary, not to mention it KILLS economic growth.

The sooner we get off the oil pot, the better, but we will not see it for a while as our infrastructure just cannot move fast enough, and changes are always difficult for a country, even if it is for the better. When it DOES happen though, those fuel cell companies will be the next darlings of Wall street, and oil stocks will survive but may lose their attractiveness. I say survive because like it or not, even without auto use, oil is needed in MANY products we use day to day.

Title: Re: Oil is going up, again
Post by: toasty0 on May 11, 2005, 10:09:27 am

Wow! Viagra works for oil too?

Title: Re: Oil is going up, again
Post by: toasty0 on May 11, 2005, 10:11:06 am

Quote from: Commander La'ra on May 10, 2005, 07:32:02 pm

*sigh*

I know this is good news for you, but this is honest-to-God killing me.

If it isn't being too nosy can you say why?

Title: Re: Oil is going up, again
Post by: Commander La'ra on May 11, 2005, 08:49:32 pm

I make less than 20,000 a year and I have a girlfriend and a truck payment? ;D

Title: Re: Oil is going up, again
Post by: Just plain old Punisher on May 11, 2005, 09:02:19 pm

You need to cut costs.

Ummm...after carefull analysis I've determined that you don't really need food afterall. That should give you more money to buy presents for your girlfriend.

::takes bribe from girlfriend::

Title: Re: Oil is going up, again
Post by: Commander Maxillius on May 11, 2005, 10:34:18 pm

I noticed.  Yesterday morning 87-octane gas at Speedway was $1.99/gallon.  Today it was $2.26  >:(

Title: Re: Oil is going up, again
Post by: toasty0 on May 12, 2005, 10:40:45 am

$4+ a gallon by next summer.

Jerry