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For a few years my mom worked at the Top Value store in Lawton.
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I still have my books of these things in the basement. Time to find a dumpster.
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You could work for just a few short four hour sessions and probably rake in 22 big ones. I'm talking US dollars, Sir. |
Before I'd even had my driver's liscence for a year Katrina happened.
The national averages weren't quite as high as what some places experienced locally. It was a bit of a shock to go from using a $20 for gas to needing to break out a second $20. The switch to card has perhaps dulled my senses on the price of gasoline. |
under 4 here.
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A lot of those are before me! (1953). I do remember a bunch of them. Thanks! |
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Big oil sucked wind for a lot of quarters over the last decade.
This is just a flash in the pan. Let them have it. |
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4.16 today at Tacoma Wa.
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It is not too hard to make a profit when government discourages or prevents your competitors from producing more (of a commodity that is necessary to life/civilization). You simply produce the same as always and watch the prices rise (as the world scrambles to find supply).
Reducing areas to drill, making competitor's production less profitable (by killing pipelines), etc... sure reduces competition for integrated companies that have their own supply and already producing oilfields. It is almost like owning a warehouse full of long hoods while government runs a "cash for cars" program that buys them and sends all average examples of them to the crusher. The supply goes down and the demand rises (except people will die without oil). Pretty soon, you have a pretty valuable "commodity". |
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My sense is Big Oil should lean a little more toward Schooner Tuna than, well, Big Oil. :) |
Just wait a few months when the strategic reserves are all depleted...those that have oil will trade it for gold to people that need to heat their homes. The price of gas will be unbearable (and the price of gas impacts almost everything (though production or transportation) ...including food production. expect those costs to be passed on.
Everywhere except in the alternate universe of Boston where there is no inflation. |
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S&P 500 1800-3900 116% Continental Resources 53-65 22% Exxon 99-90 10% loss Chevron 124-147 18% EOG 82-103 25% Occidental 89-62 30% loss Pioneer 176-218 24% S&P Oil and Gas Index http://forums.pelicanparts.com/uploa...1659122839.jpg |
Exactly. Who would make a long-term investment in a business that the government has said they plan to essentially outlaw...unless there was a significant profit? The higher the risk, the higher the reward must be to attract investors.
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so we should socialize risk and privatize profit? |
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