Argument against high gas prices

wrote:


Investing money in the industry which
I don't have at my disposal (and no, 401K funds typically don't allow
you to target one or two stocks)

Get an industry index fund.

If you would research more and **** and bitch less...

wrote in message
oups.com...
On Jun 6, 10:19 am, ktbr wrote:


**** you and your high horse...

Screw you, you snotnosed punk.

[plonk]

wrote:

You have an arrogant attitude. I have more in my 401K than you do,
but that's not the point. I have a legitimate right to gripe about
over-inflated gas prices which are clearly a result of poorly managed
supply (not increasing demand). Investing money in the industry which
I don't have at my disposal (and no, 401K funds typically don't allow
you to target one or two stocks) as a way of saying "if you can't beat
them, join them" is BS. Also, trying to insult my education is
juvenile. You are what, 25? 28? You act like 17.

Dean

You seem to be under the misconception that it is the oil company's job to
keep prices as low as posible. This is not the case. It is their job to keep
profits as high as they can. Obviously the market is able to deal with
prices at thier current rate because according to all the reports I've seen
holiday driving didn't drop a bit this past memorial day weekend.

Matt Barrow wrote:
"kontiki" wrote in message
...
Nomen Nescio wrote:

And don't forget that political BS promoting ethanol blends. Save
the planet,
higher prices and lower gas mileage.


yeah.. government logic... force the use of a product because it
sounds good to people... an might get you re-elected. Oooops ...
now we discover that burning ethanol can produce some rather ugly
and dangerous by products.

Not to mention corn shortages that are ripping Mexico and other
countries apart...

Worst than corn shortages they are burning the blue agave to replace it with
corn.

http://www.reuters.com/article/envir...24142520070530

This is just WRONG.

"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
wrote:

You have an arrogant attitude. I have more in my 401K than you do,
but that's not the point. I have a legitimate right to gripe about
over-inflated gas prices which are clearly a result of poorly managed
supply (not increasing demand). Investing money in the industry which
I don't have at my disposal (and no, 401K funds typically don't allow
you to target one or two stocks) as a way of saying "if you can't beat
them, join them" is BS. Also, trying to insult my education is
juvenile. You are what, 25? 28? You act like 17.

Dean

You seem to be under the misconception that it is the oil company's job to
keep prices as low as posible. This is not the case. It is their job to
keep profits as high as they can.

And why did they hold prices at the $1.50 mark a few years ago instead of
running them to $3.00 a gallon like they are today?


Obviously the market is able to deal with prices at thier current rate
because according to all the reports I've seen holiday driving didn't drop
a bit this past memorial day weekend.

Prices dropped early last winter because they market expected a mild winter.
They rose starting in January when that mild winter didn't materialize,
instead, it was somewhat brutal.

On Jun 6, 10:33 am, "Matt Barrow"
wrote:
wrote in message

oups.com...

On Jun 6, 10:19 am, ktbr wrote:

**** you and your high horse...

Screw you, you snotnosed punk.

[plonk]

back at ya
[plonk]

On Jun 6, 10:34 am, "Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net
wrote:
wrote:

You have an arrogant attitude. I have more in my 401K than you do,
but that's not the point. I have a legitimate right to gripe about
over-inflated gas prices which are clearly a result of poorly managed
supply (not increasing demand). Investing money in the industry which
I don't have at my disposal (and no, 401K funds typically don't allow
you to target one or two stocks) as a way of saying "if you can't beat
them, join them" is BS. Also, trying to insult my education is
juvenile. You are what, 25? 28? You act like 17.

Dean

You seem to be under the misconception that it is the oil company's job to
keep prices as low as posible. This is not the case. It is their job to keep
profits as high as they can. Obviously the market is able to deal with
prices at thier current rate because according to all the reports I've seen
holiday driving didn't drop a bit this past memorial day weekend.

I didn't go anywhere... not at these prices! I'm not claiming its the
oil companies fault anyway, its really our EPA restrictions that
prevent new refineries from being built. Think that is going to
change?

wrote in message
oups.com...
On Jun 6, 4:07 am, kontiki wrote:
wrote:

Really? Got a $100K I can have to invest in the oil companies? I
don't have it myself, so your suggestion does me no good.

You don't need $100k in order to be an investor you doofus. Sign up
for a Schwab/Etrade/Scottrade account for as littel as $500.

Sheesh... the education system is this country is as corrupt
as the government. Oh yeah... schools are run by the government.

Oooh, so if I invest a whole $500 in oil, I might make what, $500 if I
am lucky? Wow, big deal...

It takes money to make money in the stock market. If you don't
already have it, you have nothing to leverage to make any real money.
Talk about needing an education! By the way, I have a B.S.E.E. and
have taken economics courses on the time value of money, so I
understand that anything less than $100K invested in oil isn't going
to make enough money to really be worth crowing about. With the cost
of living rising as fast as it is, you need to be making at least 10%
on your money, and $100K will only earn about $10K annually at that
rate of return. Housing, transportation and medical are the biggest
rising cost factors and they aren't included in the consumer price
index, specifically so that the government can claim low inflation!

Is $500 big money to you?


$500 isn't big money to me, $0.01 is big money to me. I have change jars at
home, and a lot of what they are filled with is change I've picked up (yes,
I'll stop to pick up a penny), and I always check pay phones and vending
machines for change people leave behind. It adds up quite well over time.

"Matt Barrow" wrote in message
...

"kontiki" wrote in message
...
Nomen Nescio wrote:

And don't forget that political BS promoting ethanol blends. Save the
planet,
higher prices and lower gas mileage.


yeah.. government logic... force the use of a product because it
sounds good to people... an might get you re-elected. Oooops ...
now we discover that burning ethanol can produce some rather ugly
and dangerous by products.

Not to mention corn shortages that are ripping Mexico and other countries
apart...


Just a pet peeve of mine, but the farmers pay "check off" fees when they
sell their crops to pay for research to increase demand. That's what pays
for all those "Beef, it's what' for dinner" commercials, it isn't the
supermarkets, it's the farmers/ranchers to increase demand and hence prices.
Farmers have invested a lot of money to create increase demand for corn so
as to increase the price they receive for corn. My pet peeve is that
increased corn prices are presented by the media as an unfortunate
unintended consequence of ethanol production, where in truth, it was the
entire intent in the first place!

rant mode off.

"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in
:

Worst than corn shortages they are burning the blue agave to
replace it with corn.

A Tequila shortage ... Oh Nooooooooo :-)

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