Good article. When the Northwest Airlines was near collapse, a 25% paycut was forced on most all the unions, pilots, mechanics, etc. This needs to happen for cars. Management needs to feel the pain too.
In addition, they are looking for more fuel economy. I just sold the SUV and bought economical. The montly fuel savings more than paid the difference in monthly car payment. Now giving my money to the car company instead of the oil company.....
Forget $100 a Barrel - Oil Will Plummet to $30 [View article]
To sopocistudio:, Never been in oil before. I started shorting oil mid July though ETF's. I got lucky and stopped listening to media BS and looked at the obvious. I did not know of anybody not trying to use less fuel.... Also looked at bubbles in other industries that burst.
Forget $100 a Barrel - Oil Will Plummet to $30 [View article]
Great article..... Yes, oil will go back up, but it won't be the bubble next time. All the suckers jumped in based on talking heads that were long or media BS. Anybody that is long oil, look at your own use, have you cut back with prices ridiculously high? Everybody I know has cut back and I keep hearing demand or demand rates are decreasing around the world . PS I'm short oil too.
Forget $100 a Barrel - Oil Will Plummet to $30 [View article]
Alot of "long oil" comments here. I vote short oil, (been making a ton of money since early July) support at $100, break thru that and who knows where the bottom is.....
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Forget $100 a Barrel - Oil Will Plummet to $30 [View article]
Forget $100 a Barrel - Oil Will Plummet to $30 [View article]
Forget $100 a Barrel - Oil Will Plummet to $30 [View article]
Forget $100 a Barrel - Oil Will Plummet to $30 [View article]