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  • gh
    replied
    Re: Top This PR!

    Welcome back to the wonderful world of Prop. 13.

    Leave a comment:


  • tc
    replied
    Re: Top This PR!

    Crossed the Colorado River on Interstate 40 today. Gas at Kingman, last town of any size in Arizona, $3.75/gallon. Gas at Needles, 60 miles on and first town of any size in California, $4.89/gallon. Roadway/infrastructure quality in AZ: about as good as anywhere in the US. Roadway quality/infrastructure in CA: Third World, and fading.

    Leave a comment:


  • gh
    replied
    Re: Top This PR!

    Originally posted by gh
    (not open to Euro readers, who are used to this)

    paid 251.9 for gas today (premium, self-serve; have actually heard of 4 bucks at full-serve)
    And this week I paid 439.9. Saw another station at 443.9

    Leave a comment:


  • tandfman
    replied
    Re: Top This PR!

    Although the price of gasoline has crept back up, it's still among the least expensive liquids around.

    http://www.cockeyed.com/science/gallon/liquid.html

    Leave a comment:


  • SQUACKEE
    replied
    Originally posted by guru
    Originally posted by gh
    60 Minutes report says you can attribute the wild fluctuations in oil prices to the same wonderful folks who brought us the mortgage crisis.
    I said it over a year ago.

    http://mb.trackandfieldnews.com/discuss ... 164#406164

    http://mb.trackandfieldnews.com/discuss ... hp?t=28477


    By the way, where the heck is MJD? Surely it's pure coincidence when he disappeared everything went to hell in a handbasket.
    There is no other explanation than MJD is a major player in what has happened. I would imagine he is on his Island counting his billions and watching old Olympic re-runs.

    Leave a comment:


  • guru
    replied
    Originally posted by gh
    60 Minutes report says you can attribute the wild fluctuations in oil prices to the same wonderful folks who brought us the mortgage crisis.
    I said it over a year ago.

    http://mb.trackandfieldnews.com/discuss ... 164#406164

    http://mb.trackandfieldnews.com/discuss ... hp?t=28477


    By the way, where the heck is MJD? Surely it's pure coincidence when he disappeared everything went to hell in a handbasket.

    Leave a comment:


  • gh
    replied
    60 Minutes report says you can attribute the wild fluctuations in oil prices to the same wonderful folks who brought us the mortgage crisis. Go here for video or transcript:

    http://www.cbsnews.com/video/watch/?id=4713382n

    Leave a comment:


  • guru
    replied
    Originally posted by Marlow
    Because of the holidays I haven't had to get gas for 10 days and was shocked to discover that the price of gas has gone up 25 cents in the interim.
    Short term spike in response to OPEC's futile attempt to move oil. Jumped up to near $50 last week, and already back down to $41. Give gas a week to follow.

    Then I read in the local paper that gas will be back up to $4 by summer of 2010 (or sooner) and NEVER come back down again!
    Hmm, same bulls that predicted $200 by the end of '08 I'll wager. :roll:

    Leave a comment:


  • lonewolf
    replied
    You can do that in the commodities market. I don't know how far out you can go but I bet someone here does..

    Leave a comment:


  • Marlow
    replied
    Because of the holidays I haven't had to get gas for 10 days and was shocked to discover that the price of gas has gone up 25 cents in the interim. Then I read in the local paper that gas will be back up to $4 by summer of 2010 (or sooner) and NEVER come back down again!

    I believe both those statements, so now my (serious) question is, how do I 'bet' on this? What's the best way for a small investor to get in on the game? Can I buy paper gallons of gas (barrels of oil) now and sell them later?

    Leave a comment:


  • observer2
    replied
    found this depressing (?) photo today:

    http://latimesblogs.latimes.com/lanow/i ... e_hell.jpg

    Leave a comment:


  • bambam
    replied
    Originally posted by guru
    Originally posted by Marlow
    You KNOW this won't last very long!!!!
    I'm not so sure about that. We are in a deep, deep hole right now, with still no trace of the bottom, dragging the rest of the world down with us. Until the economy rebounds, neither will oil.

    I'm just glad I'm in the medical business and nowhere near a finance or retail job.
    Those of us in the medical profession are being very thankful right now for having a (relatively) recession-proof job.

    Leave a comment:


  • Marlow
    replied
    Originally posted by guru
    Originally posted by Marlow
    You KNOW this won't last very long!!!!
    I'm not so sure about that. We are in a deep, deep hole right now, with still no trace of the bottom, dragging the rest of the world down with us. Until the economy rebounds, neither will oil.
    I doan know nuffins 'bout no market trends, but even I know that in 5-10 years (I did say 'go long') we'll be looking at $5+ at the pump with no prospects of it EVER going down again.

    Leave a comment:


  • guru
    replied
    Originally posted by Marlow
    You KNOW this won't last very long!!!!
    I'm not so sure about that. We are in a deep, deep hole right now, with still no trace of the bottom, dragging the rest of the world down with us. Until the economy rebounds, neither will oil.

    I'm just glad I'm in the medical business and nowhere near a finance or retail job.

    Leave a comment:


  • Marlow
    replied
    Originally posted by guru
    Sub-$1.00 now being seriously discussed as oil closed just a few cents above $40 today. Incredible.
    As MJD used to say, NOW is the time to go long on petroleum. You KNOW this won't last very long!!!!

    Leave a comment:

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