Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 11-01-2007, 11:10 AM   #41
Thinks s/he gets paid by the post
MasterBlaster's Avatar
 
Join Date: Jun 2005
Posts: 4,359
JustMeUC:

Somehow I don't feel that your friend is worthy of a government program funded by "the rich" to move her up the food chain.
__________________

__________________
MasterBlaster is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-01-2007, 11:28 AM   #42
Recycles dryer sheets
 
Join Date: Jul 2007
Posts: 331
Quote:
Originally Posted by MasterBlaster View Post
JustMeUC:

Somehow I don't feel that your friend is worthy of a government program funded by "the rich" to move her up the food chain.
Who the heck said she wanted a government program? My point was that people who are getting stretched by the gas prices are going to be not spending as much in other areas which will end up hurting all of us.
__________________

__________________
JustMeUC is offline   Reply With Quote
Old 11-01-2007, 11:52 AM   #43
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2004
Posts: 11,615
Van/car pools: One thing that is a problem in some work environments is the lack of flexibility of these things. "Sorry, I can't work anymore, I have to catch the carpool." That's a problem in many management/exec jobs. Frankly, a guy/gal who can't/won't stick around to work extra time when needed (often without notice) is worth less to the organization and is going to be at a significant competitive disadvantage compared to a more flexible co-worker. It's not true in all workplaces and many of these "crises" could be avoided with better planning--but they happen.
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is offline   Reply With Quote
Old 11-01-2007, 12:24 PM   #44
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
 
Join Date: Jun 2007
Posts: 5,178
Quote:
Originally Posted by JustMeUC View Post
This girl is now living in a 20 year old doublewide mobile home.... I seriously doubt that she is expecting to live in the lap of luxury. I also doubt that she would make it long in a neighborhood she could afford on her salary. I am talking about someone that probably brings home $1400/month remember. There are not a lot of decent condos sitting around for sale for less than $100,000 which is what I figure would be her upper limit. In fact I would dare say that there are NONE in Raleigh for that price in even the sketchiest of neighborhoods. A 1 bedroom condo in a DECENT not too scary neighborhood starts at around $160,000.

I guess a lot of our perspective probably comes down to the area around us and what we see. Here in Raleigh the housing market is booming, prices going up and "poor" people are being pushed to the edge.
I've been gone from Raleigh/Cary for 7 years so I don't know what's going on with real estate and neighborhoods so much anymore but I don't quite believe this. I put "under 100K" and condo in a real estate search limited to Raleigh and got 101 hits, spread throughout the city. At least 1/4 are in north Raleigh, many off of Millbrook, and I don't remember any of north Raleigh being very dangerous. Likewise another dozen or so in the area in SW Raleigh bounded by 40/440/54 where I lived years ago. Most look to be 2 BR also.

I even got 8 hits in Cary. The joke in Cary was that the biggest crime was people serving the wrong wine with their cheese.

Maybe new condos can't be had for this price, but existing ones certainly can be.
__________________
RunningBum is offline   Reply With Quote
Oil is a commodity!
Old 11-01-2007, 01:14 PM   #45
Dryer sheet wannabe
Rocket_J_Squirrel's Avatar
 
Join Date: Oct 2007
Posts: 16
Oil is a commodity!

Some of the views expressed in this thread are very interesting, seeming to come from many with a self-view of whatís going on but with very little economic rationale behind their thinking.

Two facts people must keep in mind about rising oil prices is that oil is a commodity and oil is priced in dollars.

What did the Fed do yesterday and about a month ago? Right, lower interest rates! What effect did this have on the US dollar? Right, the value of the dollar went down against the major currencies of the world!

Non-US countries who sell oil to the US are not stupid; they do not give the oil away. As the value of the dollar falls, the price of the commodity must rise to stay in balance with the other currencies the commodity is being traded in.

Anyone noticed what has happened to the value of a dollar since 2002? Right, the dollarís value had plummeted against other major global currencies. In 2002, the Canadian dollar was worth something like $.64 Ė yesterday the Loonie was $1.05! The highest value since the 1860ís (during the US Civil War). The dollarís value loss against the Loonie has taken place in just 5 years! Pretty much the same story for the Euro. If the dollar keeps falling against other currencies - $100 oil will be here before you know it.

The dollarís value doesnít account for the entire rise in oil's value, but accounts for a good deal of the rise. The other major factors are that financial firms have gotten in to energy trading, costs for oil exploration, construction, and maintenance have been sky-rocketing, the various governments around the world have been getting an increasing share of the oil value as they raise taxes, and of course usage is up as countries like China and India compete with the US to purchase oil.

For those of you talking about peak oil, read Hubbert's Peak: The Impeding World Oil Shortage by Kenneth S. Deffeyes Ė you will learn a lot! You also need to remember that the amount of oil available increases with the higher price of oil as more oil becomes economically viable to go after at the higher valuation. There is still a bunch of oil out there; itís just very expensive to bring the oil in!

Invest wisely and understand your investment! RJS
__________________
Rocket_J_Squirrel is offline   Reply With Quote
Old 11-01-2007, 01:25 PM   #46
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
It's all total crap - got the straight skinny at the doughnut shop this morning - once we shoot the lawyers - we can drill offshore New Jersey where one of the biggest untapped oilfields on the planet lies.

This guy is a retired environmental engineer - must have had some really strange sugar on his doughnut this morning.

heh heh heh - we ignored him and didn't rise to the bait. Pssst - Wellesley anyone. I'm thinking we need some less frivolous threads and something truly important - like will the Pats beat Indy this weekend - thus triggering a phone from my sister who actually thinks the PacNW is a good place to live and the Pats have a good team!
__________________
unclemick is offline   Reply With Quote
Old 11-01-2007, 01:48 PM   #47
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,384
Quote:
Originally Posted by Rocket_J_Squirrel View Post
Some of the views expressed in this thread are very interesting, seeming to come from many with a self-view of whatís going on but with very little economic rationale behind their thinking.

Two facts people must keep in mind about rising oil prices is that oil is a commodity and oil is priced in dollars.

What did the Fed do yesterday and about a month ago? Right, lower interest rates! What effect did this have on the US dollar? Right, the value of the dollar went down against the major currencies of the world!

Non-US countries who sell oil to the US are not stupid; they do not give the oil away. As the value of the dollar falls, the price of the commodity must rise to stay in balance with the other currencies the commodity is being traded in.

Anyone noticed what has happened to the value of a dollar since 2002? Right, the dollarís value had plummeted against other major global currencies. In 2002, the Canadian dollar was worth something like $.64 Ė yesterday the Loonie was $1.05! The highest value since the 1860ís (during the US Civil War). The dollarís value loss against the Loonie has taken place in just 5 years! Pretty much the same story for the Euro. If the dollar keeps falling against other currencies - $100 oil will be here before you know it.

The dollarís value doesnít account for the entire rise in oil's value, but accounts for a good deal of the rise. The other major factors are that financial firms have gotten in to energy trading, costs for oil exploration, construction, and maintenance have been sky-rocketing, the various governments around the world have been getting an increasing share of the oil value as they raise taxes, and of course usage is up as countries like China and India compete with the US to purchase oil.

For those of you talking about peak oil, read Hubbert's Peak: The Impeding World Oil Shortage by Kenneth S. Deffeyes Ė you will learn a lot! You also need to remember that the amount of oil available increases with the higher price of oil as more oil becomes economically viable to go after at the higher valuation. There is still a bunch of oil out there; itís just very expensive to bring the oil in!

Invest wisely and understand your investment! RJS
Thanks for setting us straight Rocket.
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 11-01-2007, 01:57 PM   #48
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,373
And even if you work from home, can walk or bike to work, have carpools or vans or public transportation, an increase in oil prices affects you because everything you use has some transportation component in its cost and so its price will increase fractionally, I would imagine.
__________________
Bestwifeever is offline   Reply With Quote
Old 11-01-2007, 02:13 PM   #49
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
TromboneAl's Avatar
 
Join Date: Jun 2006
Posts: 11,197
$5+/gal is just what we need. This country is a tinder box ready for some real innovation in energy and fuels, and we need a spark from a big jump in gas prices. Sixteen electric car startup companies, for example. No more namby-pamby regulations to improve gas mileage by a few MPG in 15 years.

Bring it on.
__________________
Al
TromboneAl is offline   Reply With Quote
Old 11-01-2007, 03:39 PM   #50
Dryer sheet wannabe
Rocket_J_Squirrel's Avatar
 
Join Date: Oct 2007
Posts: 16
Quote:
Originally Posted by TromboneAl View Post
$5+/gal is just what we need. This country is a tinder box ready for some real innovation in energy and fuels, and we need a spark from a big jump in gas prices. Sixteen electric car startup companies, for example. No more namby-pamby regulations to improve gas mileage by a few MPG in 15 years.

Bring it on.

Innovation in energy and fuels? Anyone see the recent article on PRNewswire about BP trying to set up a $500 million energy bioscience institute at UC-Berkley? Even when the big oil companies try to work in alternative engery areas the environmental wackos says it's bad or not enough! If the issue of energy efficiency were ever solved, the wacko corps would be out of work! Got to go, I have to go back to look for the keys to my H1. - RJS

Consumer Advocates Insist UC Regents Review $500 Million 'UC-BP' Deal; Demand Proposed Contract Terms Be Made Public=
__________________
Rocket_J_Squirrel is offline   Reply With Quote
Old 11-01-2007, 04:34 PM   #51
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Posts: 2,119
I am sick of sending money to the people who hate us. The Saudis the Iraqis heck why in the world are we in Iraq? Because we need a police station so the oil will keep flowing. Its all BS big time, but the likes of the average joe and Nascar american is gonna be so pi$$ed off come spring there will be he!! to pay in the streets of america. Whatch out at some point the american public is gonna wake up and be very angry especially those guys with F150s and Silverados who don"t want to pay 5 and 6 bucks a gallon.
__________________
newguy88 is offline   Reply With Quote
Old 11-01-2007, 07:11 PM   #52
Thinks s/he gets paid by the post
 
Join Date: Apr 2007
Posts: 1,304
Was talking to a Car-Max salesman today. He said that the inventory of Big trucks and SUVs is going up. Prices of these are dropping like a rock.
hmmm any correlation to the oil (and gas) prices?
__________________
Life is GREAT!
megacorp-firee is offline   Reply With Quote
Old 11-01-2007, 07:26 PM   #53
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2004
Posts: 11,615
Quote:
Originally Posted by newguy888 View Post
I am sick of sending money to the people who hate us. The Saudis the Iraqis heck why in the world are we in Iraq?
There are a lot of fine Iraqis who appreciate the help they are getting.

If you go to the link, remember that the average Iraqi servicemember (officer or enlisted) scarcely makes enough to keep food on the table for his family.

OPFOR: What goes around - Comes around

Yep, off topic. But, since nearly every thread you participate in somehow ends up being about Iraq, "Bin Laden is still on the loose" or the draft, I don't think it will be a problem.
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is offline   Reply With Quote
Old 11-01-2007, 07:33 PM   #54
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Posts: 2,119
Quote:
Originally Posted by samclem View Post
There are a lot of fine Iraqis who appreciate the help they are getting.

If you go to the link, remember that the average Iraqi servicemember (officer or enlisted) scarcely makes enough to keep food on the table for his family.

OPFOR: What goes around - Comes around

Yep, off topic. But, since nearly every thread you participate in somehow ends up being about Iraq, "Bin Laden is still on the loose" or the draft, I don't think it will be a problem.
Well thats just wonderful. Gimmie a break. Look I know you and I don't see anyway near eye to eye here. 500Billion . Where did it all go? Halliburton? Blackwater and likes? maybe we have the wrong priorities. Pay the Iraqis something better? Beats me. Draft? why not? How are we gonna take out Iran? More shock and awe $hit?

Oh by the way your guy like my guy didn"t get bin laden either. A shame.
__________________

__________________
newguy88 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
When Gulf Crude is SHUT IN prices should NOT SPIKE! newguy88 Other topics 12 09-27-2007 05:28 AM
OPEC Increases Quotas, Crude Oil Price Rises haha FIRE and Money 0 09-11-2007 02:16 PM
Happy 150th birthday: a new era looms for old age maddythebeagle Other topics 0 03-16-2006 08:53 AM
54 yo trouble ferco FIRE and Money 35 12-15-2005 02:01 PM
E*Trade Lowers Fees Austin_Explorer FIRE and Money 13 09-19-2004 03:53 PM

 

 
All times are GMT -6. The time now is 05:06 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.