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04-24-2020, 04:41 PM
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#121
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Recycles dryer sheets
Join Date: Oct 2018
Posts: 140
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Oil will be around for a long time, folks. Until the price of a Tesla comes down from the atmosphere for the average folks to buy, and we start seeing 'Next Tesla Charging Station 50 miles' on the interstates, I think we're good. Oil built this country, oil will always be a part of it. At least in most of our lifetimes anyway. Great entry point to invest.
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04-24-2020, 04:50 PM
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#122
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Recycles dryer sheets
Join Date: Jan 2010
Location: That Toddlin' Town
Posts: 57
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At this rate, you can trade a roll of bathroom tissue for a barrel of oil.
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04-24-2020, 06:13 PM
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#123
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Recycles dryer sheets
Join Date: May 2018
Location: Port Orange
Posts: 132
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Maybe my solution is simplistic, but the rules need to change for commodities including oil. If you buy it, you must take delivery.
That would end speculation that artificially inflates prices to the user.
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04-24-2020, 07:02 PM
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#124
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Recycles dryer sheets
Join Date: Jul 2007
Posts: 152
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Decided I wasn’t gonna read through all this.
Unless we give up plastic and the rest of the things that petroleum based products contribute to our lives, the price of a barrel will reflect our “new normal”.
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04-25-2020, 07:24 AM
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#125
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Dryer sheet aficionado
Join Date: Oct 2007
Posts: 34
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 Quote:
Originally Posted by Fermion
But weren't the hourly wages back then something like $3 an hour? I would hate to work at a gas station for that little.
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Minimum wage was $1.15 in 1961 and didn't rise for a few years after that. Not many gas pumpers were making much more than that. I didn't.
Jim.
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04-25-2020, 07:43 AM
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#126
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Dryer sheet aficionado
Join Date: Oct 2007
Posts: 34
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Quote:
Originally Posted by maestro
Oil will be around for a long time, folks. Until the price of a Tesla comes down from the atmosphere for the average folks to buy, and we start seeing 'Next Tesla Charging Station 50 miles' on the interstates, I think we're good. Oil built this country, oil will always be a part of it. At least in most of our lifetimes anyway. Great entry point to invest.
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I don' t own a Tesla but you don't have to have a sign. The car will tell you where you can recharge. No sense on wasting money on signs.
Jim.
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04-26-2020, 06:44 AM
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#127
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,930
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Quote:
Originally Posted by GladToBeFree
I don' t own a Tesla but you don't have to have a sign. The car will tell you where you can recharge. No sense on wasting money on signs.
Jim.
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Oh, and the car will also tell TESLA where YOU are. Just sayin', so YMMV.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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04-26-2020, 06:47 AM
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#128
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Posts: 1,226
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Quote:
Originally Posted by Koolau
Oh, and the car will also tell TESLA where YOU are. Just sayin', so YMMV.
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That isn't specific to Tesla. See OnStar, HondaLink, NissanConnect, etc.
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04-29-2020, 04:18 PM
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#129
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 1,561
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Quote:
Originally Posted by ownyourfuture
As I type, (according to Yahoo) May crude is 4.4000 -13.8700 (-75.92%)
I'd like to open a position related to the sector. Thinking of 3 possibilities.
Exxon, Chevron, or Fidelity Select Energy Portfolio (FSENX)
Any other ideas/suggestions ?
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I went with FSENX. Turns out being greedy when others are fearful 'can' pay off, at least for 9 days  it could be a different story 9 days from now.
__________________
"No beast so fierce but knows some touch of pity, but I know none, therefore am no beast"
Shown @ The End Of The Movie 'Runaway Train'
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04-30-2020, 06:46 PM
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#130
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Recycles dryer sheets
Join Date: Dec 2017
Location: CarUpOnBlocks NY
Posts: 178
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Wow, that is a good gain. See what a little optimism can do for the markets (just remember pendulum will swinging back).
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07-23-2020, 12:46 PM
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#131
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Recycles dryer sheets
Join Date: Jul 2015
Posts: 93
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Anyone getting interested in oil stocks yet? I picked up some SLB, thinking about buying some more.
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07-24-2020, 04:40 AM
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#132
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gone traveling
Join Date: Jun 2008
Posts: 424
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Quote:
Originally Posted by turbo89
Anyone getting interested in oil stocks yet? I picked up some SLB, thinking about buying some more.
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I'm not poo-pooing you.
However the recent time to consider reallocating to an oil sector focused position was ideally last March when oil tanked  , 20/23rd.
Royal Dutch Shell, RDS.B(better taxation than RDS.A), went to just under 20.00 & has always paid a healthy dividend.
As did VGENX in March, its also paying about 5%yield w/less concentration.
These are just other examples of the many positions you might explore as sector or a concentrated positions.
Opening a position now might be expensive.
Just something I recall from the recent downturn last march.
Good Luck & Best wishes........
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