Argument against high gas prices

On Jun 6, 9:39 am, kontiki wrote:
wrote:

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

Exactly. Do you expect them to just start paying you money while until
you save enough beer money to buy some shares? Sheesh go collect a
welfare check.

It takes money to make money in the stock market.

That's the general idea.

If you don't
already have it, you have nothing to leverage to make any real money.

Really? Wow I didn't know that!

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?

You are full of crap dude. I started with about $7K that I rolled over
from a 401K account from a previous job. I eventually rolled it into
a Roth and made modest contributions and investments over a period of
the last 7 years. Now the balance is over $80K and I didn't have to
break a sweat. And yes, I've taken the time to learn about investing
and researched stocks on my own. I've bought and sold shares in oil
companies over that time and made money. Its not rocket science.

You have a loser attitude.

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

wrote:


You have an arrogant attitude.

That's the way I get when I hear people like you bitch.

I have more in my 401K than you do,

I didn't say that amount was in my current 401K, if you had
actually comprehended what I wrote you would have known it is
a Roth IRA account which is contributory. Its available to
all working Americans.

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).

The poor management is a result of chicken little attitudes like
yours and the complete lack of leadership in this country with
respect to an responsible energy plan.

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)

My 401K lets me choose among numerous types of investments, although
not indivudal stocks. Like I said... open up a Roth IRA if you want
more bang for your buck.

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.


I have a BSEE too but for me it was only the beginning of a lifelong
educational process.

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

You have an arrogant attitude.


That's the way I get when I hear people like you bitch.

I have more in my 401K than you do,

I didn't say that amount was in my current 401K, if you had
actually comprehended what I wrote you would have known it is
a Roth IRA account which is contributory. Its available to
all working Americans.

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).

The poor management is a result of chicken little attitudes like
yours and the complete lack of leadership in this country with
respect to an responsible energy plan.

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)

My 401K lets me choose among numerous types of investments, although
not indivudal stocks. Like I said... open up a Roth IRA if you want
more bang for your buck.

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.

I have a BSEE too but for me it was only the beginning of a lifelong
educational process.

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

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


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

Screw you, you snotnosed punk.

[plonk]

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]

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:

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.

"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, 10:34 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...

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?

Depends on whether people want to believe every excuse the oil industry
comes up with while it's making record profits by throttling the oil supply.

Do the math. There's a theoretical finite amount of petroleum. As an oil
baron, your job is to extract the maximum value out of every drop that you
can. Abundance reduces profit margin. All you have to do is keep the supply
limited an blame the war, Katrina, lack of refineries, unrest is the middle
east, speculation that oil prices will rise, EPA regulations, treehuggers,
"unexpected holiday shortages", whatever. If everybody had diamonds, they
wouldn't be worth a fortune.

Energy supply and rate manipulation worked for Enron, they just didn't do it
as smartly or with as much support.

-c