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Location: Visitation between Wal-Mart & Home Depot
8,309 posts, read 38,789,849 times
Reputation: 7185
Quote:
Originally Posted by Mathguy
Please people, this is FINANCE AND INVESTING....I avoid the stupidity of the political forum intentionally so go over there and post your garbage.
So many posts to this thread with no thought, completely unrelated to topic etc.
Go away.
Back to topic.....the cut and cap method will resolve itself over the weekend so I suspect some strong action on Monday based upon the outcome of that effort.
You're right. I try to avoid that other sub-forum because I have no ability to resist political combat. Politics over.
Does anyone have a credible reason to believe that BP isn't a great value for a long-term hold right now? Even if there is an acquisition in the future, wouldn't you be happy to be holding some cheap BP stock?
Lets keep this on BP stock...I agree if the cut/cap shows some semblance of success I bet BP goes up 5-10% in the short term.
Sorry, but BP stock, and any other stock, goes up and down, mostly on emotions. The difference here is we are in the middle of the worst environmental distaster in US history, and BP is at the for front of it... All bets are off, its a ball game never seen before, you can not just stand by and yawn, saying whatever...tomorrow it will all go away..
I agree , lets try to short the politics, that gets us no where, pulling together to save our Country is much more important. What happens to BP IS what this thread is all about, regardless if you own any of their shares.
BP is toast. If your vying for a financial position, invest in the seafood industry.
Oil profits will do nothing but go down for the next 5 yrs. Every extra dime will go into insurance, taxes, development of fields that are not in US territory.
This is the time for biofuels, mass transit, and war. All put pressure on big oil.
Buffett is rarely wrong, and he is heavy into Railroad. The least expensive way to move stuff.
BP is toast. If your vying for a financial position, invest in the seafood industry.
Oil profits will do nothing but go down for the next 5 yrs. Every extra dime will go into insurance, taxes, development of fields that are not in US territory.
This is the time for biofuels, mass transit, and war. All put pressure on big oil.
Buffett is rarely wrong, and he is heavy into Railroad. The least expensive way to move stuff.
Actually , water is the least expensive way to move stuff. Both water and rail are cost effective when moving bulk commodities. Exception is pipeline for liquids, can't beat that form of transport for cost and delivery. Oil and Gas will always be moved by pipeline, however these methods all suffer from not being able to deliver the product direct to the consumer. Trucks are , and always will be , the prefered way to deliver the goods to the final destinations. Futhermore, when time is critical, trucks and or air combo are the only transports that can preform as needed.
Actually , water is the least expensive way to move stuff. Both water and rail are cost effective when moving bulk commodities. Exception is pipeline for liquids, can't beat that form of transport for cost and delivery. Oil and Gas will always be moved by pipeline, however these methods all suffer from not being able to deliver the product direct to the consumer. Trucks are , and always will be , the prefered way to deliver the goods to the final destinations. Futhermore, when time is critical, trucks and or air combo are the only transports that can preform as needed.
BP is toast. If your vying for a financial position, invest in the seafood industry.
Oil profits will do nothing but go down for the next 5 yrs. Every extra dime will go into insurance, taxes, development of fields that are not in US territory.
This is the time for biofuels, mass transit, and war. All put pressure on big oil.
Buffett is rarely wrong, and he is heavy into Railroad. The least expensive way to move stuff.
1. Insurance won't go up that much, prob add exclusionary language otherwise. Covered that in another thread. Plus, major players self insure.
2. Taxes won't go up. Dems are just blowing political smoke and grandstanding. They are huge donor recipients from the oil industry.
3. Lots of demand pressure when prices are <$3 gallon
I guess your true colors show loud and clear. You are for Big Business, and damn the outcome, all for the corporate bottom line?....
Uh, hello McFly! Are you even aware that this is a BUSINESS AND INVESTING forum? I think you should expect there to be a capitalist or two here. We're not all brainwashed, goosestepping Socialists here you know. Why don't you be a good little comrade and go pay your party dues and then head over to the zampolits office so they can tell you what to think.
Last edited by treasurekidd; 06-04-2010 at 06:34 PM..
Unfortunately, the stupidity of the political forum has migrated here and ensconced itself in this thread.
now ya did it, i got to go find my dictionary and look up ensconced.....
im an electrical engineer not an english major.....
in fact yesterday i couldnt even spell engineer and today i are one.
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