You short oil, and if Saudi Arabia pops off you are going to be in very bad shape. Nobody knows how this will pan out right now...its impossible to be sure. I just wouldnt take the risk.....yet. Obviously if you shorted oil at $143 and then the drop you would be king. However, getting the timing right is so critical, and oh so difficult sometimes. Unexpected events and variables are what throws all this into a tailspin.
They can make a comeback if they play their cards right. They are making moves, trimming some fat, etc.
As for the spill, it was a terrible tragedy and I was not impressed by the response initially either. Maybe I missed something, but it just seemed like they followed what lawyers said to do and not truly the right thing in some certain events. My opinion of course, and those were just the actions of a few and not the meat of the company. It also goes to show what happens when you cut corners.
I hope to see BP make a good comeback and earn respect again from the American people. People need to understand, we need oil. We have to drill those exploratory wells and produce as well as maximize onshore production. Cut our consumption down as a nation and not be a slave to global crisis's.
From Silence to a Caterwaul: Dissecting Developments in the Middle East [View article]
That is why we are a company that believes in local, backyard production in the states. We need to reduce our consumption in half so we can come close to producing our own to meet demand.
Short oil? Really? Every spike in oil price has been from an unexpected event, and let me tell you....there are more unexpected events coming. Is this a possible speculation bubble? Of course. However, what happens when you hold a massive short on oil, and then Kuwait or Saudi Arabia has disruptions in output?
Time will tell, you may be right, but you could very well be wrong. Oil is so volatile right now. Oil shouldnt be this high, it hurts everyone. You never hear the Obama administration talking about how they want to lower the price of fuel and energy. In fact, Obama is on record (see youtube) saying electric prices would skyrocket under his plan.
Do Oil Price Spikes Cause Recessions? [View article]
I do not think we will ever reverse the production and consumption numbers. We are beyond that point now. No, offshore drilling and increased domestic oil production will not solve the problem. It will however HELP. A lot of different types of industry get tax subsidy and other perks. Ethanol, agriculture, health care, etc...
We are all going to face some serious issues in the future when it comes to energy. What does everyone want to do? Live the consumer lifestyle that everyone loves, and then blast the companies that provide the energy to drive it.
Do Oil Price Spikes Cause Recessions? [View article]
Are YOU prepared to deal with rationing? You are right about the diminishing resource. Lets just say when the last drop of oil is gone, we are still going to need it That....is a day I hope I never have to see. I honestly do not believe we can convert fast enough, plus the nation is broke. You should do a search on google for the national debt clock. We are about to hit 14 trillion. Debt per taxpayer is $125,758. How about that? We all have value! (laughing).
The problem is far more in depth than just oil though. It is the consumerism that pushes us to find that deeper oil. We will have future wars, that is just a given. Each generation has their own. I dont know how one would replace fuel for M1 Abrams tanks with an electric motor. You have to have GE jet engines to push those things.
Anyway, you are on the right track of though. It is so many variables it could go on forever you know?
Do Oil Price Spikes Cause Recessions? [View article]
You forgot to look at China in your analysis. Check out how many cars Beijing added to their roads the past year. There are 15,500 new cars on just Beijing's road per WEEK. India is about to go through their own little industrial revolution down the road here.
Not saying that is what is driving up the prices. Just something to keep an eye on for when it really begins to pick up.
Why 2011 May Be the Year of the Oil Comeback [View article]
True, that is why it is better to get involved with smaller oil companies that offer faster growth rates and higher percentages on the return. Their risk of some disaster like BP's is far far lower.
I dont know why someone gave you a down thumb. I think you are right on point. I use two different discount brokers myself. Got the level 2, been kind of experimenting with different L2 services. Nothing too crazy though.
If you have time it is not hard to figure out on your own. That is why I have never messed much with funds, and do not know a lot of details about them. I have always bought individually.
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I am not sure I would feel comfortable shorting some of these. I am risk tolerant, but I wouldnt want to get caught on a run. I would rather short elsewhere if it were me.
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As for the spill, it was a terrible tragedy and I was not impressed by the response initially either. Maybe I missed something, but it just seemed like they followed what lawyers said to do and not truly the right thing in some certain events. My opinion of course, and those were just the actions of a few and not the meat of the company. It also goes to show what happens when you cut corners.
I hope to see BP make a good comeback and earn respect again from the American people. People need to understand, we need oil. We have to drill those exploratory wells and produce as well as maximize onshore production. Cut our consumption down as a nation and not be a slave to global crisis's.
15 Chinese Stocks Being Targeted by Short Sellers [View article]
From Silence to a Caterwaul: Dissecting Developments in the Middle East [View article]
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It's Time to Short Crude Oil [View article]
Time will tell, you may be right, but you could very well be wrong. Oil is so volatile right now. Oil shouldnt be this high, it hurts everyone. You never hear the Obama administration talking about how they want to lower the price of fuel and energy. In fact, Obama is on record (see youtube) saying electric prices would skyrocket under his plan.
Oil Runs Out of Gas [View article]
Do Oil Price Spikes Cause Recessions? [View article]
Do Oil Price Spikes Cause Recessions? [View article]
We are all going to face some serious issues in the future when it comes to energy. What does everyone want to do? Live the consumer lifestyle that everyone loves, and then blast the companies that provide the energy to drive it.
Outlook 2011 for Crude Oil and Gasoline: Escalator Up and Elevator Down [View article]
Do Oil Price Spikes Cause Recessions? [View article]
The problem is far more in depth than just oil though. It is the consumerism that pushes us to find that deeper oil. We will have future wars, that is just a given. Each generation has their own. I dont know how one would replace fuel for M1 Abrams tanks with an electric motor. You have to have GE jet engines to push those things.
Anyway, you are on the right track of though. It is so many variables it could go on forever you know?
Do Oil Price Spikes Cause Recessions? [View article]
Not saying that is what is driving up the prices. Just something to keep an eye on for when it really begins to pick up.
Why 2011 May Be the Year of the Oil Comeback [View article]
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If you have time it is not hard to figure out on your own. That is why I have never messed much with funds, and do not know a lot of details about them. I have always bought individually.
15 Chinese Stocks Being Targeted by Short Sellers [View article]