Gas prices!
#51
I wonder how long it will be before we start seeing don't buy gas from this station or that one, or don't buy gas on such n such day.
#52
Super Member
Join Date: Apr 2011
Location: Bosque County, Texas
Posts: 2,709
What does "shutting down straights" mean?
#53
Super Member
Join Date: Apr 2011
Location: Bosque County, Texas
Posts: 2,709
Do you remember gas rationing under Pres Nixon? It worked.
#54
Super Member
Join Date: Apr 2011
Location: Bosque County, Texas
Posts: 2,709
I wonder how many people think that the oil companies are privately owned companies? They are traded on the stock market, are part of mutual funds, investors in them are in the hundreds of thousands. Those of you who have IRA's for your retirement savings probably own shares in oil companies. You are the owners - not some unidentified rich person. The amount of shares you own determine the amount you earn. Each share owner has the opportunity to attend every meeting and to vote their shares. You can vote with only one share, 10 shares, 100 shares, whatever. You own the company. If you don't like the way the company is being run, you can make your viewpoint heard. You can run for an office in the company. This is the difference in a publicly held company and a private company. All the big companies are publicly held companies.
Last edited by TanyaL; 02-23-2012 at 08:48 PM.
#55
Where I live it is already 3.99 a gallon I just paid the most i have ever paid today I guess we will be bussing it for a while.
#56
I wonder how many people think that the oil companies are privately owned companies? They are traded on the stock market, are part of mutual funds, investors in them are in the hundreds of thousands. Those of you who have IRA's for your retirement savings probably own shares in oil companies. You are the owners - not some unidentified rich person. The amount of shares you own determine the amount you earn. Each share owner has the opportunity to attend every meeting and to vote their shares. You can vote with only one share, 10 shares, 100 shares, whatever. You own the company. If you don't like the way the company is being run, you can make your viewpoint heard. You can run for an office in the company. This is the difference in a publicly held company and a private company. All the big companies are publicly held companies.
Now I know for most it is a necessity and not a luxury to buy gasoline, but look what happened during the energy "crisis" back in the 70's - all of a sudden small economy cars became very popular. And gas prices went back down.
#57
Super Member
Join Date: Apr 2011
Location: Bosque County, Texas
Posts: 2,709
In a free market society the question is not why are some making a profit on Wall Street. The question usually is" Why have you not made a profit on Wall Street?" The opportunity is there for everyone.
Bigger profits are made with bigger investments, but profits can be made with small investments. Almost all retired people who are living with income from other than SS are living off of Wall Street. Either they have invested personally or the people responsible for their retirement fund have invested. Few have invested entirely in bonds. If they have retirement that is earned from a company, a teacher's fund, a public fund, like a policeman's , etc., their retirement fund is diversedly invested in Wall Street.
Bigger profits are made with bigger investments, but profits can be made with small investments. Almost all retired people who are living with income from other than SS are living off of Wall Street. Either they have invested personally or the people responsible for their retirement fund have invested. Few have invested entirely in bonds. If they have retirement that is earned from a company, a teacher's fund, a public fund, like a policeman's , etc., their retirement fund is diversedly invested in Wall Street.
Last edited by TanyaL; 02-24-2012 at 05:24 AM.
#58
Super Member
Join Date: Jan 2011
Posts: 3,200
In a free market society the question is not why are some making a profit on Wall Street. The question usually is" Why have you not made a profit on Wall Street?" The opportunity is there for everyone.
Bigger profits are made with bigger investments, but profits can be made with small investments. Almost all retired people who are living with income from other than SS are living off of Wall Street. Either they have invested personally or the people responsible for their retirement fund have invested. Few have invested entirely in bonds. If they have retirement that is earned from a company, a teacher's fund, a public fund, like a policeman's , etc., their retirement fund is diversedly invested in Wall Street.
Bigger profits are made with bigger investments, but profits can be made with small investments. Almost all retired people who are living with income from other than SS are living off of Wall Street. Either they have invested personally or the people responsible for their retirement fund have invested. Few have invested entirely in bonds. If they have retirement that is earned from a company, a teacher's fund, a public fund, like a policeman's , etc., their retirement fund is diversedly invested in Wall Street.
Very well stated!! I was at a meeting where a State Pension Fund Manager was present and he was asked by one of the attendees- "Did you have any Enron stock in the pension fund?"- Of course, YES was the answer. In order to generate a lifetime income, there has to be investments- some with risk and those with less risk- diversity is the way to go. Tanya, I wish more folks were as informed as you are about the way retirement income generation truly works.
#59
Super Member
Join Date: Dec 2008
Location: Tulsa, Oklahoma
Posts: 4,413
I was just thinking today while taking the dogs to the vet that the amount of SUVs and large vehicles still on the road is kinda surprising, but to purchase a small car for truly good gas milage is very costly, too. I know I could drive less and will be doing that with these kind of predicted prices.
#60
Super Member
Join Date: Dec 2008
Location: Tulsa, Oklahoma
Posts: 4,413
And yet I STILL see people leaving their BIG trucks running while they go into the post office - just saw one the other day. Gas prices are not high enough yet for some people I guess.
If food prices go up we will cut back to just essentials (not Doritos). We have so much abundance in this country there is a lot that most people could cut from their budget. Cable TV, $100 a month cell phones, etc., shopping for new clothes when you have a closet full....
When the economy is affected so much that the fat cats who own the big companies see problems with their bottom line, THEN maybe something will be done.
If food prices go up we will cut back to just essentials (not Doritos). We have so much abundance in this country there is a lot that most people could cut from their budget. Cable TV, $100 a month cell phones, etc., shopping for new clothes when you have a closet full....
When the economy is affected so much that the fat cats who own the big companies see problems with their bottom line, THEN maybe something will be done.
It is the big oil companies and the stupid WALL STREET speculators who control the gas prices. I wish the government had let wall street fail.
As long as fuel is high, we will never get out of the recession. Oil effects every aspect of our lives, from the farm, to the store to our wallets. Therein lies the problem....GREED....
Last edited by Melinda in Tulsa; 02-24-2012 at 08:19 AM.
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