Gasoline prices - another record high/ supply and demand
 

On Tue, 01 Aug 2006 19:35:47 GMT, Don White
wrote:

JoeSpareBedroom wrote:


Whatever scenario would make jackoff happy. I slit all their throats
afterward, and stole the manager's accounts. Whatever.



Oh my! Jackoff will make sure those Palm Sisters take a beating tonight.

It's apparent that Kevin's been passing out samples of his crop to you
guys.

Gasoline prices - another record high/ supply and demand
 

On Tue, 01 Aug 2006 15:59:45 GMT, "JoeSpareBedroom"
wrote:

"Jack Goff" wrote in message
.. .

So now the US is an island, insulated from the rest of the world?
Everyone else is "irrelevant"? Really?

So the price is 25 - 35% "trading excess" (cite?), which is the
futures traders as you've said before, right? But then the oil
companies are to blame for the price, not the traders. Uh huh.

CITE: It was provided earlier in this discussion. Use your search feature to
find the first message containing "PBS", and read forward from there.

Nope. There was some discussion about some talking heads on PBS, but
there is no cite with solid facts on your 25-35%, because that doesn't
exist.

However, what is curious is that you made the statement:
The oil companies, knowing
this, do whatever they want with the price. That's a crime, and should be
dealt with.

But you also said this about them:
Other
businesses make higher margins and it doesn't bother you.

So some companies make (much) higher margins than oil companies, but
for some reason you think the oil companies are committing a crime?
Surely you realize that they have an obligation to their investors to
make money, yes?

Then you blame the price not on the oil companies, but on futures
trading by people who aren't in the business. You said:
Limit futures trading to companies which have a material interest in the
commodity being traded, in this case, oil. Eliminate speculators, who, by
definition, are in no way involved with the production of petroleum
products. This latter group is simply playing games. Stopping this would not
totally eliminate the fluff in the price, but it would go far in that
direction.

Understand that I agree with you on some of your points. However,
you're all over the map on this. You seem to just be ****ed about the
price, and are blaming everyone except the guy behind the register at
your local 7-11. Is it the oil companies, or the speculators? And
why does gas cost us *half* of what it cost the rest of the civilized
world? Could it be that the oil companies are indeed aware that the
US is dependant on oil, and are attempting to hold down the cost here
in some ways?

Gasoline prices - gold as a hedge
 

"JoeSpareBedroom" wrote in message
...
"Shortwave Sportfishing" wrote in message
...
On Tue, 01 Aug 2006 19:59:54 GMT, "JoeSpareBedroom"
wrote:


"DSK" wrote in message
et...
Shortwave Sportfishing wrote:
But that's ok because he's a good guy lunatic. :)

Flattery will get you nowhere. But flattery and a good cup of coffee
might... Im easy...

Slut.

LOL!!

What are YOU laughing at? I hear you can be had for as little as a box of
frozen squid! :)


Or a good cigar.

Eisboch

Gasoline prices - gold as a hedge
 

"Shortwave Sportfishing" wrote in message
...
On Tue, 1 Aug 2006 15:40:17 -0400, "ACP"
wrote:


"Shortwave Sportfishing" wrote in message
. ..
On Tue, 01 Aug 2006 14:03:29 -0400, DSK wrote:

Many people are actually gambling, not investing,

All people investing in stock/bond/commodities are gambling.

It's the nature of the process.

I, on the other hand, never gamble on something I can't put my hands
on. Gave that up right before 9/11. The only stocks I own are IBM
(big dollars - bought really low) and a couple of oil companies.

My new investment strategy is if I can't put my hands on it, I ain't
investing in it.

Real estate - in particular multi-family homes.

Can't go wrong - everybody gotta live somewhere. :)

Just playing a little devils advocate....but real estate has it's ups and
downs also.

Single family homes - you bet.

Multi-family homes - safer than Fort Knox. You will never lose your
money on a rental property. You might not appreciate in value to your
liking, but you will make money.

As the current real estate "boom" begins to cool off, many people around
the
country are going to find themselves upside down with their mortgages.

Seeing it now, but again, single family homes with huge mortgages.

Pay cash.

Real estate is not immune from price depreciation.

Not true. It's always worth what you paid for it. Now, if you add in
interest, well, that's a different story.

This is something you or I have no control over anymore than we do
with stocks/bonds/commodities except the latter are much more liquid,
and for that matter can be more volatile.

I don't agree. If you aren't greedy, you will always make money.

It's when you go for the big score, you risk everything.

I never go for the big score. Slow steady wins the race.



Personally, I keep any extra cash stuffed into a mattress.

Eisboch

Gasoline prices - another record high/ supply and demand
 

On Tue, 01 Aug 2006 19:35:47 GMT, Don White wrote:

JoeSpareBedroom wrote:


Whatever scenario would make jackoff happy. I slit all their throats
afterward, and stole the manager's accounts. Whatever.



Oh my! Jackoff will make sure those Palm Sisters take a beating tonight.

I keep thinking you may be a little above it. You keep proving me wrong.
--
******************************************
***** Have a Spectacular Day! *****
******************************************

John

Gasoline prices - gold as a hedge
 

"Eisboch" wrote:
Personally, I keep any extra cash stuffed into a mattress.


Shortwave Sportfishing wrote:
Or that. :)

As investments go, that one's a sleeper.

I recommend putting it in mason jars and burying in the back
yard. Emptying the mason jars is the fun part.

DSK

Gasoline prices - gold as a hedge
 

Hey, that sounds too good to be true! Can I get it in writing?

;)


Shortwave Sportfishing wrote:
I just wrote it.


OK thanks.
Do you offer a double-your-money-back guarantee?


Every property we own, we've owned for at least ten years. Over time,
it's fairly inflation proof and the basic money paid on the property
is protected not to mention the income which works. We make money on
every property.

Just because it's happened for you, doesn't mean it will
happen for everybody.

But let's not bicker and argue.

Real estate is a pretty good inflation hedge, except that
it's also sensitive to interest rates... an episode of
stagflation (which really isn't all that rare, in economic
history... look up the Phillips Curve) for example will see
high interest rates making real estate hard to sell and put
downward pressure on rents & values.

... It's really a question of good tenants, keeping the
property up and being willing to take a punch once in a while.

Exactly. A run of bad luck can radically change the cash
flow picture. I've known perfectly good rental property...
near a university, no less... to sit empty for six months.
If those punches you speak of come in a flurry, you could be
so far into the red that selling looks very attractive.

OTOH an REIT never has those problems... the returns just
fall below expectations ;)



.... it does
pay to spend the time checking out renters even if it takes some time.
We do a credit check, income check and generally rent to those who can
really afford it instead of anybody who comes along with a security
deposit, first and last months rent, etc. If the unit sits for a
month, so be it - that's a cost of doing business too.


Some places have "right to rent" laws which make it very
difficult to weed out undesirable tenants. Sounds dumb but
it's true. This is one reason why I say it pays to know the
laws in your area.


We've had the best luck with, of all things, union painters, brick
layers, carpenters, etc.

That's a good tip... the reasoning seems sound too.



Jane Bryan Quinn said it best... the value of a home is to
live in it. Don't look to you house to make you rich.


With that, I disagree. Too many people want homes to return a quick
buck. For the past five/six years, that was possible, but the true
value, if you will, is owning a property long term - as in twenty
years or more
.

We have owned our house for almost 25 years. This area has
been one of the better real estate moarkets, not the hottest
but OTOH not ripe for a crash either, with a very strong
local economy. Just for the sake of knowing, I did an ROI
calculation for our house. After taking out taxes & repairs,
and assuming that we could sell for the ridiculously high
amount Zillow.com suggests, we'd realize about 5%
annually... wowee zowee what an awesome investment that
turned out to be!





You don't have to be greedy to make money. It's the difference
between trying to turn $1,000 into $100,000 every two weeks or taking
$1,000 into $100,000 every ten years. The first is very risky and
carries a tons of pitfalls, the later gives a safer return over a
longer period of time.


True but you have to have the attitude & the self discipline
to *not* spend that $1k on pizza and video games, which is
what 90% of the human race would do every time.


What's better - making a $1,000,000 on a chance that will pay off 15%
of the time, or making a $1,000,000 on a chance that will pay off 80%
of the time?


If you make it, the odds don't matter ;)

But I take your point to be that high returns don't come
without high risk, which I completely agree with and many
people seem to turn a blind eye... especially if they win a
gamble once or twice... like all the California real estate
investors who are convinced they can't possibly lose
money... or the people who started ballyhooing dot-com
stocks and saying that a gazillion dollar market cap was
perfectly reasonable for a "corporation" consisting of 6
college kids who are brilliant programmers but whose only
corporate product is something they can't explain and have
to give away.


Personally, I have shifted more & more of my investments
into "slow & steady" mutual funds, which are diversified
portfolios in the palm of your hand. Obviously some are
better than others, which is why I favor simple & cheap
index funds. There are even bond index funds for income and
for taking skyrocketing stock gains off the table.


That's how my wife looks at it.

She's obviously a woman of great intelligence.

Oh and one other thing... the bond funds also provide a cash
influx... which you can take as income or redeposit as
growth... for those times when the stocks fail to skyrocket.
That is part of the benefit of diversification.

Now... on topic: just exactly what percent of one's net
worth is it prudent to spend on a boat?

Fair Skies
Doug King

Gasoline prices - another record high/ supply and demand
 

Jack Goff wrote:
On Tue, 01 Aug 2006 19:35:47 GMT, Don White
wrote:


JoeSpareBedroom wrote:


Whatever scenario would make jackoff happy. I slit all their throats
afterward, and stole the manager's accounts. Whatever.



Oh my! Jackoff will make sure those Palm Sisters take a beating tonight.


It's apparent that Kevin's been passing out samples of his crop to you
guys.


Kevin who?

Gasoline prices - another record high/ supply and demand
 

JohnH wrote:
On Tue, 01 Aug 2006 19:35:47 GMT, Don White wrote:


JoeSpareBedroom wrote:


Whatever scenario would make jackoff happy. I slit all their throats
afterward, and stole the manager's accounts. Whatever.



Oh my! Jackoff will make sure those Palm Sisters take a beating tonight.


I keep thinking you may be a little above it. You keep proving me wrong.
--
******************************************
***** Have a Spectacular Day! *****
******************************************

John

I'm a believer of.. 'when in Rome, do as the Romans do'.

Gasoline prices - another record high/ supply and demand
 

"Jack Goff" wrote in message
...
On Tue, 01 Aug 2006 15:59:45 GMT, "JoeSpareBedroom"
wrote:

"Jack Goff" wrote in message
. ..

So now the US is an island, insulated from the rest of the world?
Everyone else is "irrelevant"? Really?

So the price is 25 - 35% "trading excess" (cite?), which is the
futures traders as you've said before, right? But then the oil
companies are to blame for the price, not the traders. Uh huh.

CITE: It was provided earlier in this discussion. Use your search feature
to
find the first message containing "PBS", and read forward from there.

Nope. There was some discussion about some talking heads on PBS, but
there is no cite with solid facts on your 25-35%, because that doesn't
exist.


These were not "talking heads". These were commodities brokers who live with
the numbers all day long. If the barrel price jumps X amount in one day, and
they see absolutely NOTHING to cause it, other than amateurs bidding up the
price, then what they've pointed out is quite conclusive.

You would do well to use stocks as an analogy. The price often has
absolutely NOTHING to do with financial reality. Company "A" announces a
shaky quarter, and stocks in 100 unrelated companies take a 3 day nosedive.
Oil's even worse. Day #1, a mosque is blown to pieces in Baghdad, and up
goes the price of oil. 7 days later, another mosque is destroyed, and
nothing happens to oil because attention is elsewhere - maybe the World
Series.

All wrong. Oh, and go find your own cites. I'm not your research assistant.
If you'd like to wallow in ignorance, that's your decision.