Crude resumes rise, breaks $65

[shilala]

Awesome.
Maybe I can get a job with George and get one of those fuel discount cards for my Toyota.

 

[jpeyton]

Buy stock now, because it's only going to go higher.

Iran isn't going to back down, and I don't think Bush is either.

 

[conjur]

Originally posted by: Juice Box

Originally posted by: Bulldog13
Can anyone answer his question ?

who's?

That's what he's asking.


Oh, you mean "whose"? 😛

 

[labgeek]

Damn... I read this as "Crude resume's rise, breaks $65" - I'm thinking why would someone pay $65 for a crude resume'...

 

[arcas]

This winter is going to suck for people in the northeast who use heating oil.

 

[Rogue]

Well, I'm either going to start riding the motorcycle a hell of a lot more or start to Armstrong (as in Lance) my fat ass the 12 miles or so to work everyday. I need more cardio anyway in preparation for my impending deployment to Iran. 😀

 

[NikPreviousAcct]

Originally posted by: RaynorWolfcastle

Originally posted by: Nik
That's an *extremely* high risk investment, isn't it? If he's willing to lose it all, then by all means. You won't catch me being stupid with that much money though 😉 😛

Oil is an extremely risky investment? Are you doubting that on the long term, the cost of oil is rising?

What do you consider long-term?

 

[RaynorWolfcastle]

Originally posted by: Nik

Originally posted by: RaynorWolfcastle

Originally posted by: Nik
That's an *extremely* high risk investment, isn't it? If he's willing to lose it all, then by all means. You won't catch me being stupid with that much money though 😉 😛

Oil is an extremely risky investment? Are you doubting that on the long term, the cost of oil is rising?

What do you consider long-term?

any length of time that excludes short term fluctuations. Say 3 years? In 3 years I'd be surprised if oil is cheaper than it is today, even with the spike in price

 

[RU482]

Guess I picked a bad time to go back to school...100mile round trip commute

 

[Rogue]

Originally posted by: labgeek
Damn... I read this as "Crude resume's rise, breaks $65" - I'm thinking why would someone pay $65 for a crude resume'...

You're not the only one. At first I was thinking, "Damn, you mean I can produce a crap resume for someone and make over $65 a pop?"

 

[dullard]

Originally posted by: RaynorWolfcastle
any length of time that excludes short term fluctuations. Say 3 years? In 3 years I'd be surprised if oil is cheaper than it is today, even with the spike in price

The last big spike was 2 decades ago. The next big spike may be 2 decades from now.

Crude prices will eventually be higher. I agree with you. But by the time the true 'peak oil' problem reaches, crude revenues will be plumetting. So the stock prices will actually be going down when crude price go up.

Think of the extreme: the very last drop of oil. It might be worth many, many times what a drop of oil goes for now. But the oil companies will be all bankrupt and the stocks worthless.

Oil is a very risky investment in my opinion. You know you are buying the stock when it is expensive. Why not buy a stock that you know is inexpensive and take your money there?

 

[Chadder007]

Might as well cash in......going to buy a ton of stock in Oil companies.

 

[QurazyQuisp]

I'd rather invest in Toyota to cash in on all those people buying hybrids. 🙂

 

[Slappy00]

not all nissans req. premium gas ... Well my Sentra 1.8S only needs 87 and costs me $30 to fill up... not bad

 

[NikPreviousAcct]

Originally posted by: RaynorWolfcastle

Originally posted by: Nik

Originally posted by: RaynorWolfcastle

Originally posted by: Nik
That's an *extremely* high risk investment, isn't it? If he's willing to lose it all, then by all means. You won't catch me being stupid with that much money though 😉 😛

Oil is an extremely risky investment? Are you doubting that on the long term, the cost of oil is rising?

What do you consider long-term?

any length of time that excludes short term fluctuations. Say 3 years? In 3 years I'd be surprised if oil is cheaper than it is today, even with the spike in price

That's a really sh|tty definition, ya know that? 😛

So 3 years would be the terminator between long term and short term? Hell I could make 5k work for me much better in 3 years by NOT investing it. 😀

 

[xSkyDrAx]

God this is getting ridiculous.

 

[QurazyQuisp]

Is it possible to jack up export taxes to middle eastern countries? If so, we should everytime they start to jack up our oil prices.

 

[Squisher]

It is amazing the glee with which some you express at a factor that could cause major problems with our economy.

Rising gas prices could eventually effect even those of you living off mommy and daddy.

There is a transportation expense in every consumable.


Rising gas prices are not a good thing.

 

[Cal166]

Originally posted by: Slappy00
not all nissans req. premium gas ... Well my Sentra 1.8S only needs 87 and costs me $30 to fill up... not bad

Technically Maximas can take 91 but drives like a snail.

Over the weekend I drove to Maryland with half a tank of gas. 250Miles+ on half a tank on Premium Gas! Sweet eh?

 

[Vic]

Originally posted by: Nocturnal
Peak oil baby, peak oil. It's becoming a reality. It's possible that the prices could go up to $100 by Christmas/winter.

:roll:

 

[Slappy00]

Originally posted by: Cal166

Originally posted by: Slappy00
not all nissans req. premium gas ... Well my Sentra 1.8S only needs 87 and costs me $30 to fill up... not bad

Technically Maximas can take 91 but drives like a snail.

Over the weekend I drove to Maryland with half a tank of gas. 250Miles+ on half a tank on Premium Gas! Sweet eh?

I auctually tried midgrade and premium with my ride but found i only got 28mpg as opposed to 30 with good ol 87.