In the immediate aftermath of a major hurricane in the gulf it's interesting to observe oil continues to drop in price. Down $5 over the weekend to $96.
Guess we've moved on to the next crisis...
Gasoline may move separately from oil for a while during hurricane Ike, but a little longer the gasoline prices should fall, as long as ziggy's prediction is out there.
Crude oil below $92!
Didnt someone say that it was headed to the $70-80 range just a few months ago?
My ears are burning. Just got back from vacation in Alaska and I see the magic is still working.Gasoline may move separately from oil for a while during hurricane Ike, but a little longer the gasoline prices should fall, as long as ziggy's prediction is out there.
But in this case, I figure it's a win-win: if oil keeps rising, I cushion the downside on the rest of my portfolio. If my investment succeeds in causing the bubble to pop, the rest of my portfolio's recovery will likely dwarf my losses in USO.
If so, my plan has worked to perfection.
I love the skull and bones symbol. It would be appropriate applied liberally across the charts of most of my holdings.Situation: I've prepared a helpful chart indicating when you purchased USO and the subsequent performance. It seems to me that you not only succeeded in popping the oil bubble, but every other single bubble out there, including assets that we didn't even know were bubbles.
It's also a good label for what this market has me drinking, along with the "XXX".I love the skull and bones symbol. It would be appropriate applied liberally across the charts of most of my holdings.
Yes! It's all Ziggies fault! He single-handedly precipitated this global financial meltdown!Situation: I've prepared a helpful chart indicating when you purchased USO and the subsequent performance. It seems to me that you not only succeeded in popping the oil bubble, but every other single bubble out there, including assets that we didn't even know were bubbles.
So will Americans rush out and buy trucks again, especially now that they can buy them at big discounts?
I've seen several discussions of this and it appears the "experts" are saying gas prices went up so high and so quickly that the driving habits of the American public have been permanently altered. Most people (include me in this group) don't believe the reduced gas prices will last long and won't forget the pain they experienced at the pump. Plus the soon-to-be-available new hybirds and plug-in electric vehicles will also play a major part in changing habits.So will Americans rush out and buy trucks again, especially now that they can buy them at big discounts?
Or, will they decide that gas is going to be expensive in the long run and continue the shift to higher milieage cars?
So will Americans rush out and buy trucks again, especially now that they can buy them at big discounts?
Or, will they decide that gas is going to be expensive in the long run and continue the shift to higher milieage cars?