Oil Thread 8-30-07:Oil climbing towards $80 again. Did they run out of gas for summer? Nope

[dmcowen674]

Originally posted by: Vic
As I posted here a couple of months ago, the energy boom is busting.

The uber-rich blackangst1, with his unpardonable $100 in disposable income per month, should sell his mutual funds.

:shocked: Wow

Thanks

You are obviously very well plugged into the rich boys club.

Hopefully one day I get to play too.

 

[Genx87]

Hope the bottom falls out on the price of oil and drives the speculators away for good.

 

[dmcowen674]

Originally posted by: Genx87
Hope the bottom falls out on the price of oil and drives the speculators away for good.

You're not directly benefitting from the infalted prices either??? :shocked:

or you made your killing and let it slide till after the Elections.

 

[fitzov]

They get into this mindset that all poor people deserve to be poor and that they're somehow supposed to just know the means of getting out of it... as if their only reason for being poor is laziness.

A good example of a mindset that makes sense psychologically but not logically: if you live a life of relative ease, it's easier to think that someone less fortunate is to blame for their own situation; the idea is not logical, however, because it begs the question why are they lazy?

It ain't what you make, it's what you spend.

More empty platitudes? You'd have to be an idiot to think that your income is irrelevant to disposable income.

 

[Vic]

Originally posted by: dmcowen674

Originally posted by: Vic
As I posted here a couple of months ago, the energy boom is busting.

The uber-rich blackangst1, with his unpardonable $100 in disposable income per month, should sell his mutual funds.

:shocked: Wow

Thanks

You are obviously very well plugged into the rich boys club.

Hopefully one day I get to play too.

:laugh:

You don't have to be "plugged in" to see the economically obvious. You just have to pay attention to the markets. Commodities across the board have peaked.

 

[LegendKiller]

It's not surprising it's going down. The hurricane season is definitely a lot more mild than expected, Iran is being worked through, and some of the news about the Gulf oil field certainly sobered people up.

Even if inventories stayed at their highs, there wasn't any guarantee that they'd stay at that level, especially during peak driving season and during hurricane season.

One thing people forget is that risk, not just short, but also long term drives prices up.

Speculators in the market are leavened out by the opposite side of the contract. For everybody who wants to buy an oil contract there has to be a seller and the source of those contracts are not finite.

Dave would have you believe it's a conspiracy, but it's really just irrational exuberance in yet another market.

 

[Vic]

Originally posted by: fitzov
More empty platitudes? You'd have to be an idiot to think that your income is irrelevant to disposable income.

Did I say irrelevant? No. So don't you be an idiot.

What I did say is that those who cannot discipline themselves to a budget within their means will have difficulty paying their bills regardless of what their income is. Having working in the RE/mortgage business for 11 years, I've met countless people with excellent incomes but crap credit and scarcely a pot to piss in. I've also met countless people with very modest income and a bunch of money in the bank.

Let's remember that Dave started this discussion by trolling that anyone who had $50/month in disposable income was a "rich Republican." And look at you, fitzov, you back the obvious troll. Want another "platitude"? "Birds of a feather flock together." Moron... :roll:

 

[blackangst1]

Originally posted by: kevinthenerd

Originally posted by: dmcowen674

Originally posted by: HamSupLo

Originally posted by: Stunt

Originally posted by: dmcowen674
You have $50 a month disposable income to put into risky market, then yes, you are rich and Republican ideology of what believe America is all about now.

$50 disposable income is easy...consumers just have no clue how to budget and cannot manage their money for the life of them.

I am a firm believer of financial planning in schools instead of other useless subjects.

I think the story points out the irony in this whole discussion in that the manipulation of energy prices is eating into the average american's ability to set aside $50 that hasn't been eroded by rising gas, housing, or healthcare costs. before you know it, you'll have $40, then $20, then $10 left to invest in your own retirement.

Welcome to P&N

That's just it.

The guys commenting on this $50 are not impacted by the rising prices at all. They have disposable income at the end of the month. They have no idea what it is to have to survive check to check not even breaking even but in the hole.

Yup. I'll bet they've never been in a situtation where a check overdraft was unavoidable. They can't even fathom the concept of choosing between a $34 overdraft fee to get some groceries (ramen, mac&cheese) or getting kicked to the street when the rent isn't paid. They get into this mindset that all poor people deserve to be poor and that they're somehow supposed to just know the means of getting out of it... as if their only reason for being poor is laziness.

Wow. Well, let me inform you that I have been there. Im not sure where this idea that those who invest are rich comes from, other than class envy, but its a naive one. I could tell you how just ten years ago my net worth was less than zero and I had to file bankruptcy. I could tell you that being a diabetic, and requiring over $300/mo in prescriptions is impossible when unemployed and required me to make daily visits to the emergency room for insulin because I couldnt afford to buy it. I could tell you I have gone days witrhout eating. I could also tell you how I pulled myself out, found a way out by myself, and now am firmly seated in the middle class.

But you wouldnt want to hear about that because afterall, you have decided that making 50-60k/yr in the 5th largest city in the US is now "rich".

I almost feel sorry for you people who cant figure out how to make a better life for yourselves. Really I do. It's tough, yeah, but not impossible. Quit making excuses and DO something.

 

[Vic]

It's not class envy. It's "can't fix stupid" envy, i.e. they don't want to pay for their own stupidity. The majority of the guys who circle-jerk with dmcowen674 are either middle-aged losers or early-20-something college students. With the college students, it's not that they actually care about the poor they rant endlessly about, their issue is that they've never lived in the real world, but they've heard it's big and scary and evil, and they want their affluent mommy and daddy, who's paid for everything else in their lives up to this point, to pay "poverty insurance" for them in case they end up failing.

Hey, man, you're a "rich Republican" because you managed to discipline yourself into saving $100 bucks each month. How dare you exercise such fiscal restraint!

 

[blackangst1]

Originally posted by: Vic
It's not class envy. It's "can't fix stupid" envy, i.e. they don't want to pay for their own stupidity. The majority of the guys who circle-jerk with dmcowen674 are either middle-aged losers or early-20-something college students. With the college students, it's not that they actually care about the poor they rant endlessly about, their issue is that they've never lived in the real world, but they've heard it's big and scary and evil, and they want their affluent mommy and daddy, who's paid for everything else in their lives up to this point, to pay "poverty insurance" for them in case they end up failing.

Hey, man, you're a "rich Republican" because you managed to discipline yourself into saving $100 bucks each month. How dare you exercise such fiscal restraint!

LOL QFT

 

[dmcowen674]

Originally posted by: Vic
It's not class envy. It's "can't fix stupid" envy, i.e. they don't want to pay for their own stupidity. The majority of the guys who circle-jerk with dmcowen674 are either middle-aged losers or early-20-something college students. With the college students, it's not that they actually care about the poor they rant endlessly about, their issue is that they've never lived in the real world, but they've heard it's big and scary and evil, and they want their affluent mommy and daddy, who's paid for everything else in their lives up to this point, to pay "poverty insurance" for them in case they end up failing.

Hey, man, you're a "rich Republican" because you managed to discipline yourself into saving $100 bucks each month. How dare you exercise such fiscal restraint!

Define this "stupidity" of those that don't have $100 left after the end of the month for the risky market investing.

 

[Vic]

Originally posted by: dmcowen674
Define this "stupidity" of those that don't have $100 left after the end of the month for the risky market investing.

Did you take the wife and/or kids out this month, Dave? Dinner, movie, day trip, anything like that? Do you have cable/satellite TV to go with that internet connection, Dave?

There's your $100 in disposable income. The stupidity, if you're strapped and living paycheck-to-paycheck and never saving a dime, is where you spent it.

 

[blackangst1]

Originally posted by: dmcowen674

Originally posted by: Vic
It's not class envy. It's "can't fix stupid" envy, i.e. they don't want to pay for their own stupidity. The majority of the guys who circle-jerk with dmcowen674 are either middle-aged losers or early-20-something college students. With the college students, it's not that they actually care about the poor they rant endlessly about, their issue is that they've never lived in the real world, but they've heard it's big and scary and evil, and they want their affluent mommy and daddy, who's paid for everything else in their lives up to this point, to pay "poverty insurance" for them in case they end up failing.

Hey, man, you're a "rich Republican" because you managed to discipline yourself into saving $100 bucks each month. How dare you exercise such fiscal restraint!

Define this "stupidity" of those that don't have $100 left after the end of the month for the risky market investing.

Risky? You want risky? Dont save for retirement and expect the gov't and taxpayers to support you. THAT is risky.

 

[dmcowen674]

Originally posted by: Vic

Originally posted by: dmcowen674
Define this "stupidity" of those that don't have $100 left after the end of the month for the risky market investing.

Did you take the wife and/or kids out this month, Dave? Dinner, movie, day trip, anything like that? Do you have cable/satellite TV to go with that internet connection, Dave?

There's your $100 in disposable income. The stupidity, if you're strapped and living paycheck-to-paycheck and never saving a dime, is where you spent it.

So basically live like the Amish?

Cut off Electricity, Internet, TV

Interesting. Do you practice what you preach? Are you eating Ramen noodles, no TV no Internet, never taking a day trip or a movie?

 

[fitzov]

And look at you, fitzov, you back the obvious troll. Want another "platitude"? "Birds of a feather flock together." Moron...

I just call a spade a spade, douchebag.

 

[Vic]

Originally posted by: dmcowen674

Originally posted by: Vic

Originally posted by: dmcowen674
Define this "stupidity" of those that don't have $100 left after the end of the month for the risky market investing.

Did you take the wife and/or kids out this month, Dave? Dinner, movie, day trip, anything like that? Do you have cable/satellite TV to go with that internet connection, Dave?

There's your $100 in disposable income. The stupidity, if you're strapped and living paycheck-to-paycheck and never saving a dime, is where you spent it.

So basically live like the Amish?

Cut off Electricity, Internet, TV

Interesting. Do you practice what you preach? Are you eating Ramen noodles, no TV no Internet, never taking a day trip or a movie?

I practice what I preach insofar as that I have made sure my whole life that I never live beyond my means, no matter what my means were. So yeah, sometimes that did mean eating Ramen and not having cable TV. It's called making a short-term sacrifice for a long-term reward, a concept I'm sure that your bitter entitlement mindset cannot grasp.

Face it, Dave, you have ZERO credibility here. When gas prices were low, you bitched that they were too low and said you wouldn't be satisfied until they were $6/gal. or more. And then when gas prices went up, you bitched about that. Now that prices look to be going down again, you're bitching once again. Everyone but your fellow trolls knows by now that all news is bad news with you. The joke is that you keep posting in complete ignorance of that. The only reason people reply to your garbage is because is so easy to show how outrageously stupid you are that it's like picking on the retarded kid but without the guilt.

 

[Vic]

Originally posted by: fitzov

And look at you, fitzov, you back the obvious troll. Want another "platitude"? "Birds of a feather flock together." Moron...

I just call a spade a spade, douchebag.

:roll:

You knew exactly what I meant by what I said, but you decided to troll anyway...

 

[yllus]

Originally posted by: Vic
It's not class envy. It's "can't fix stupid" envy, i.e. they don't want to pay for their own stupidity. The majority of the guys who circle-jerk with dmcowen674 are either middle-aged losers or early-20-something college students. With the college students, it's not that they actually care about the poor they rant endlessly about, their issue is that they've never lived in the real world, but they've heard it's big and scary and evil, and they want their affluent mommy and daddy, who's paid for everything else in their lives up to this point, to pay "poverty insurance" for them in case they end up failing.

So incredibly true.

 

[fitzov]

Originally posted by: Vic
It's not class envy. It's "can't fix stupid" envy, i.e. they don't want to pay for their own stupidity. The majority of the guys who circle-jerk with dmcowen674 are either middle-aged losers or early-20-something college students. With the college students, it's not that they actually care about the poor they rant endlessly about, their issue is that they've never lived in the real world, but they've heard it's big and scary and evil, and they want their affluent mommy and daddy, who's paid for everything else in their lives up to this point, to pay "poverty insurance" for them in case they end up failing.

Hey, man, you're a "rich Republican" because you managed to discipline yourself into saving $100 bucks each month. How dare you exercise such fiscal restraint!

So incredibly obtuse.

 

[dmcowen674]

Originally posted by: Vic

Originally posted by: dmcowen674

Originally posted by: Vic

Originally posted by: dmcowen674
Define this "stupidity" of those that don't have $100 left after the end of the month for the risky market investing.

Did you take the wife and/or kids out this month, Dave? Dinner, movie, day trip, anything like that? Do you have cable/satellite TV to go with that internet connection, Dave?

There's your $100 in disposable income. The stupidity, if you're strapped and living paycheck-to-paycheck and never saving a dime, is where you spent it.

So basically live like the Amish?

Cut off Electricity, Internet, TV

Interesting. Do you practice what you preach? Are you eating Ramen noodles, no TV no Internet, never taking a day trip or a movie?

I practice what I preach insofar as that I have made sure my whole life that I never live beyond my means, no matter what my means were. So yeah, sometimes that did mean eating Ramen and not having cable TV. It's called making a short-term sacrifice for a long-term reward, a concept I'm sure that your bitter entitlement mindset cannot grasp.

Face it, Dave, you have ZERO credibility here. When gas prices were low, you bitched that they were too low and said you wouldn't be satisfied until they were $6/gal. or more. And then when gas prices went up, you bitched about that. Now that prices look to be going down again, you're bitching once again. Everyone but your fellow trolls knows by now that all news is bad news with you. The joke is that you keep posting in complete ignorance of that. The only reason people reply to your garbage is because is so easy to show how outrageously stupid you are that it's like picking on the retarded kid but without the guilt.

Inventories now highest since 1998 yet I am the one with a "credibility" issue eh?

 

[Vic]

Originally posted by: dmcowen674

Originally posted by: Vic

Originally posted by: dmcowen674

Originally posted by: Vic

Originally posted by: dmcowen674
Define this "stupidity" of those that don't have $100 left after the end of the month for the risky market investing.

Did you take the wife and/or kids out this month, Dave? Dinner, movie, day trip, anything like that? Do you have cable/satellite TV to go with that internet connection, Dave?

There's your $100 in disposable income. The stupidity, if you're strapped and living paycheck-to-paycheck and never saving a dime, is where you spent it.

So basically live like the Amish?

Cut off Electricity, Internet, TV

Interesting. Do you practice what you preach? Are you eating Ramen noodles, no TV no Internet, never taking a day trip or a movie?

I practice what I preach insofar as that I have made sure my whole life that I never live beyond my means, no matter what my means were. So yeah, sometimes that did mean eating Ramen and not having cable TV. It's called making a short-term sacrifice for a long-term reward, a concept I'm sure that your bitter entitlement mindset cannot grasp.

Face it, Dave, you have ZERO credibility here. When gas prices were low, you bitched that they were too low and said you wouldn't be satisfied until they were $6/gal. or more. And then when gas prices went up, you bitched about that. Now that prices look to be going down again, you're bitching once again. Everyone but your fellow trolls knows by now that all news is bad news with you. The joke is that you keep posting in complete ignorance of that. The only reason people reply to your garbage is because is so easy to show how outrageously stupid you are that it's like picking on the retarded kid but without the guilt.

Inventories now highest since 1998 yet I am the one with a "credibility" issue eh?

That's a nice red herring there, Dave, but how does it have anything to do with what I posted?

 

[XZeroII]

Originally posted by: dmcowen674

Originally posted by: HamSupLo

Originally posted by: Stunt

Originally posted by: dmcowen674
You have $50 a month disposable income to put into risky market, then yes, you are rich and Republican ideology of what believe America is all about now.

$50 disposable income is easy...consumers just have no clue how to budget and cannot manage their money for the life of them.

I am a firm believer of financial planning in schools instead of other useless subjects.

I think the story points out the irony in this whole discussion in that the manipulation of energy prices is eating into the average american's ability to set aside $50 that hasn't been eroded by rising gas, housing, or healthcare costs. before you know it, you'll have $40, then $20, then $10 left to invest in your own retirement.

Welcome to P&N

That's just it.

The guys commenting on this $50 are not impacted by the rising prices at all. They have disposable income at the end of the month. They have no idea what it is to have to survive check to check not even breaking even but in the hole.

That's because we don't have 6 kids, massive credit card debt and a big screen TV while making min. wage.

 

[fitzov]

That's because we don't have 6 kids, massive credit card debt and a big screen TV while making min. wage.

Read the book "Nickel and Dimed" It's about an experiment at seriously trying to live on 6 to 7 dollars an hour. You might enlighten your dumb ass.

 

[GoPackGo]

This is the oil and gas thread...so lets get on track.

I think the ultra rich have made their cash grab, and when the fed announced the high prices were having a negative effect on the economy they decided to move the price to about $2.00 a gallon.

The sheep will be happy and the pubs win another election.

 

[Vic]

Originally posted by: GoPackGo
This is the oil and gas thread...so lets get on track.

I think OPEC have made their cash grab, and when the fed announced the high prices were having a negative effect on the economy they decided to move the price to about $2.00 a gallon.

The sheep will be happy and the pubs win another election.

Fixed.