U.S. OIL FUND ETF (USO)

All Comments on USO

  • commenter
    richjoy
    May 11 12:02 PM
    Who's Really to Blame for Rising Oil? [view article]
    Well Jason, your rant has caught my attention.

    OK, gasoline prices are high, and I certainly didn't like paying $3.45/gallon at Walmart yesterday. But your rant about "scary" gasoline prices would be more credible if you can convince us that future gasoline prices of $5 to $6 a gallon are scary...in view of the fact that gasoline prices are already $8/gallon in many other countries (most of which have less disposable income than we have)?

    Yes, it is not a good situation and will lead to more food inflation, but we can do as others have and accommodate it. Certainly for those complaining the most (if they really, really, mean it), your lifestyle change suggestions can be helpful to them.

    p.s. Now that you have joined the ranks of "big oil haters" and cited their large sales and profit numbers without perspective...how about you now provide some perspective -- compare big oil's net profit margins (perhaps the last 3 or 5 years) with those of GE, Microsoft, IBM, Apple, who also have impressively large dollar sales and profit margins?...let's see how the net profit margins of XOM, CVX, and XOP compare to others.

    I think Congress has provided oil companies large and small some unreasonable/inappropr... incentives in the past (and I think they should be carefully examined and adjusted or eleminated). But also please tell us how more taxing of oil companies is going to increase supply and lower prices (since it has never worked in the past)?     Reply
  • commenter
    JREwing
    May 11 12:00 PM
    Drivers Are Feeling the Pinch [view article]
    I'd like to see the dollar, should they discover a Tupi and a corioca field off the coast of California or Florida. Reply
  • commenter
    anaconda
    May 11 11:59 AM
    Drivers Are Feeling the Pinch [view article]
    A good blog for news on the deepwater, deep-drilling sector of the oil industry is Oil is Mastery. Reply
  • commenter
    anaconda
    May 11 11:55 AM
    Drivers Are Feeling the Pinch [view article]
    Oil prices are being influenced by three factors:

    The falling Dollar (with the Euro rising against the Dollar, Europe's oil bill to OPEC has been less than the United States'); demand in the rest of the world (China, India) has increased, and is becoming independent of U.S. economic growth; and the costs of exploration and production has gone up, with the best prospects for increased oil production being deepwater, deep-drilling, which is more costly than land based, 'conventional' drilling.

    While prices for crude oil have gone up, mostly for political reasons (meaning: can be avoided), and non-political reasons: cost of exploration and demand growth in other countries, casual talk of "Peak oil" in a news article is misleading, and creates a self-fulfilling prophesy.

    Peak oil too easily translates: It's like the weather, nothing can be done about it, so lay back and enjoy it. That's completely false.

    There are plenty of steps that can be taken: Get America's financial house in order, take steps that protect the value of the Dollar; allow for oil exploration in the United States and its territorial waters, which reflects the necessity of oil production to America's economic security; and invest in new crude oil exploration that is going on in the deepwater, deep-drilling sector of the oil industry.

    After all, with no new investment -- we're guaranteed less oil production -- which will guarantee even higher prices at the pump.

    Peak oil is false and a dangerous notion to casually bandy about.

    Reply
  • commenter
    farmer448
    May 11 11:46 AM
    Who's Really to Blame for Rising Oil? [view article]
    Accessing blame never solved a problem. So here are some suggestions:

    How about increasing margins on oil/gas futures contracts?
    How about increasing Federal and State Fuel taxes to fund Transportation Infrastructure Upgrades? (kinda like the Interstate System)

    Improving the rail sytem n moving goods long distances around the country? (Rail is overly regulated and needs a good review top to bottom on what is necessary and what works).

    Improving manufacturing in the United States to cut supply time. (American Apparel is a good example)
    Reply
  • commenter
    j2eeblogger
    May 11 11:45 AM
    My Website
    Gold and Silver Are Still Bargains [view article]
    Uranium from 0.63 to $63 is a whopping 9900%, not just 530%. China is building 30 nuclear plant simultaneously to support its ever growing demand for electricity.

    Regarding the previous comment, I agree that people need oil, but people, need gold too, to preserve their wealth. All those bubble we've seen, is actually the bubble of fiat money. When it bursts, gold/silver is going to shoot the star.     Reply
  • commenter
    WayneS
    May 11 11:41 AM
    Who's Really to Blame for Rising Oil? [view article]
    The U.S. dollar is tied to oil and someone else controls the oil. Reply
  • commenter
    JREwing
    May 11 11:40 AM
    Who's Really to Blame for Rising Oil? [view article]
    e2800's last words: 'Why did those chinamen have to get the same standard of living, we have...?' Reply
  • commenter
    CLH
    May 11 11:36 AM
    Who's Really to Blame for Rising Oil? [view article]
    Oil has not gone up when measured against gold. static.seekingalpha.co... This means oil is not high priced. When interest rates go up, the dollar will go up and oil tanks big time. All this garbage talk about people getting together and going without oil is just that. Garbage. Those who raise taxes will not stay in office long. Reply
  • commenter
    JREwing
    May 11 11:36 AM
    Drivers Are Feeling the Pinch [view article]
    Florida rocks! Reply
  • commenter
    Tom
    Caracciolo
    May 11 11:34 AM
    Who's Really to Blame for Rising Oil? [view article]
    What is wrong with our FTC? They can impose price controls. Why are they sitting on their hands? Reply
  • commenter
    Jimbo
    May 11 11:25 AM
    Drivers Are Feeling the Pinch [view article]
    NWAR and the Gulf off of Florida. I am a resident of Florida,BTW. Reply
  • commenter
    WayneS
    May 11 11:20 AM
    Drivers Are Feeling the Pinch [view article]
    "Funny thing is thiday could have been avoided" if the excise tax on gasoline had been raised by 50 cents each year for the last eight years. It would have been gradual and people could have been prepared. Car makers would have been able to sell and develop more economical vehicles. The government would have had windfall taxes that could have been used for alternative energies, rather than promoting green house gases. Reply
  • commenter
    e2800
    May 11 11:18 AM
    Who's Really to Blame for Rising Oil? [view article]
    Crossing the T. Famous last words, "This time it's different" Reply
  • commenter
    e2800
    May 11 11:16 AM
    Who's Really to Blame for Rising Oil? [view article]
    Sellers don't dictate the bid, buyers do. Finally. They should say that on the news at night instead of the ridiculous justifications they come up with one day, which are non existent the next. Reply
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