Oils dropping
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  1. #1
    someotherdude

    Oils dropping

    Think it was or is a result to President Bushes removal of the Executive ban of offshore drilling ?

  2. #2

    Dec 2003
    Western Schuylkill County
    MINELAB EXPLORER SE PRO ....... Garrett Pro Pointer…… Sovereign XS-2 Pro
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    Re: Oils dropping

    most likely. But will be short lived.

    What's to stop the Next pres from Stopping it again,
    before We even see any production ?

    Plus Every hurricane that threatens the Areas of Drilling Will
    cause a rise. No matter how many Billions they have set back
    from all the Others they will still raise it every single time.

    Plus if it hits $100 a barrel OPEC Will cut back Production
    to Prevent Fruther Drops.

    and Expect a 25 to 50 Cent Tax increase per Gallon
    as soon As our Government Thinks
    We are happy with Prices.

    I won't be Happy paying more then $1.39 Per Gallon

  3. #3
    someotherdude

    Re: Oils dropping

    Yep, right on target Jeff. I'm thinking invest, why fight it. I'm also looking into a couple of wind generating companies. I made a suggestion to Marc about maybe starting a Stock market forum. If that goes through then I'm thinking maybe some others here would like to start a small investors club. That's the way I got strted at work a few of us banded together and pooled our money to buy stock. We did eventually break up but by then most of us had enough saved up in stock to keep investing. What would you think and do you think Marc would have an issue with it ?

  4. #4

    Dec 2003
    Western Schuylkill County
    MINELAB EXPLORER SE PRO ....... Garrett Pro Pointer…… Sovereign XS-2 Pro
    68,449
    33589 times
    All Types Of Treasure Hunting
    Honorable Mentions (1)

    Re: Oils dropping

    Well, I would be out.
    on a Fixed Income,

    I personally Can't afford Gas And Food at the same time,
    I eat every other day to afford Gas.
    Let alone come up with money for Stocks.

    My only Investment is in Detecting,
    Hopeing to Make that Big score.

  5. #5
    someotherdude

    Re: Oils dropping

    Not that I'm trying to talk you into anything Jeff. I just wanna mention that this type of investing really isn't that expensive. You take the cost per share X the minumum number of shares to buy in and devide that by the number of investors. Say a stock is $50.00 a share X 100 shares = $5000.00 / 100 investors = $50.00
    If the stock goes up $5.oo you earn $5.00 if it goes down $5.00 you lose $5.00
    Of course you always wanna stay with pretty stable stock that doesn't have allot of volitility or wide swings going up and down by large amounts. But I know some people can't afford even the small amounts now but hey you could always save up some clad.

 

 

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