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Oil Companies


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jwelch999
PostPosted: Mon Jul 10, 2006 7:53 am Post subject: Reply with quote

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Since everyone is stirred up here in the US, I thought I would find out where we need to live to get a better "deal"... I found this list on CNN Money.. A few caveats...

Most extremely high prices are due to government taxation (ie they tax the crap [oops sorry better watch my language] out of it to change behaviour and fund other programs)

Most low prices are due to government control and subsidies. (ie they give citizens a break on gas prices, but get their fair share other ways)

What do you think?

Anyone want to move to Norway?

Maybe Venezuela is better??? I'm sure Hugo would love to have a few million Americans come on down...

I would love to see a poll showing the number of us willing to move to the bottom 5 on this list...

We may not like it, but (in my eyes) America is not a bad place to live and get middle of the pack gasoline costs... Although I will admit I am tempted by the Puerto Rico number...

----------------------------------------

Netherlands Amsterdam $6.48
Norway Oslo $6.27
Italy Milan $5.96
Denmark Copenhagen $5.93
Belgium Brussels $5.91
Sweden Stockholm $5.80
United Kingdom London $5.79
Germany Frankfurt $5.57
France Paris $5.54
Portugal Lisbon $5.35
Hungary Budapest $4.94
Luxembourg $4.82
Croatia Zagreb $4.81
Ireland Dublin $4.78
Switzerland Geneva $4.74
Spain Madrid $4.55
Japan Tokyo $4.24
Czech Republic Prague $4.19
Romania Bucharest $4.09
Andorra $4.08
Estonia Tallinn $3.62
Bulgaria Sofia $3.52
Brazil Brasilia $3.12
Cuba Havana $3.03
Taiwan Taipei $2.84
Lebanon Beirut $2.63
South Africa Johannesburg $2.62
Nicaragua Managua $2.61
Panama Panama City $2.19
Russia Moscow $2.10
Puerto Rico San Juan $1.74
Saudi Arabia Riyadh $0.91
Kuwait Kuwait City $0.78
Egypt Cairo $0.65
Nigeria Lagos $0.38
Venezuela Caracas $0.12

Here's the link if anyone does trust the "crazy idiot" that I am sure I will be called...

http://money.cnn.com/pf/features/lists/global_gasprices/
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Benjamin
PostPosted: Mon Jul 10, 2006 8:31 am Post subject: Reply with quote

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Puerto Rico isn't bad at 1.74, but if I lived there I doubt I would need a car...just sit on a beach!
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Grimreaper
PostPosted: Wed Jul 12, 2006 3:24 am Post subject: Reply with quote

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jwelch999 wrote:
Grim,

Good perspectives... I see that gas prices at the pump seem to be bothering you as much as most other Americans that have no clue what the stuff sells for in other places... Call the energy industry the pigs if you like, but the banks take more money out of your pocket everyday... As for values you very well could be right.... If prices fall (oil or nat gas) then many are overvalued... I would still bet that by end of summer the oil patch has better returns then the techy Nasdaq... Could be ignorance on my part, but if I knew the real answers I wouldn't be posting on this site, but sitting in my luxury beach house on an island somewhere...

J


Actually, the gas thing doesn't pee-a-ziss me off as much as lots of udder things. Very Happy Da banks be a scam but who am I to argue mit free checking with no charges ta use da teller machine? Laughing Here's what really pee-a-zisses me off.....why should I pay Nike $100 for a $20 pair o'shoes just cause they paid a select few fokes with "high visibility" a ton o'money to make me think that they are worth $100 because my cable t.v. provider now charges me 2 times as much as they did 5 years ago simply because da fokes who is benefittin from da current tax code is willing to pay said personality 20 times what it is worth to go see that person in real live action? Know what I mean? I didn't think so. Laughing I'm still going by the assumption that energy prices (commodities in general) are in a bubble that is soon to unwind...and that's how I'm playing it. If I am correct I won't have to move to an island because the price o'gas at da pump right there in yer town will be similar to prices in San Juan....according to the list that was posted. I'm personally shooting for Moscow prices....we beat em in da space race, this energy thingy should be a piece o'cake! Wink Very Happy
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jwelch999
PostPosted: Wed Jul 12, 2006 7:17 am Post subject: Reply with quote

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Grim,

I concur with the "over-priced" everything comments...

Your posts are always so interesting with the mixture of language: First almost jamaican isle, then somewhat germanic (mit), then back to good ole hick american, then back to normal coherent investor type...

You are either a very intelligent & shrewd person or a complete whacko... Based on your apparent knowledge of the markets... I am going with the former...

You are too funny...

J
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Grimreaper
PostPosted: Thu Jul 13, 2006 9:38 am Post subject: Reply with quote

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Saaaaweet! Cramer didn't recognize that the energy pig stocks are falling even as the price of crud is hitting a new high today. That's because he has no clue bout da way mawkets actually forecast da future. Wink On today's edition of...I know I'm completely clueless but I can't STOP TRADING!!! he just said that the only longs he could recommend were the energy pigs. Look out below within 2 trading days if you are long any of the energy pigs! Thanks Jim! Laughing Laughing
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Grimreaper
PostPosted: Fri Jul 14, 2006 10:58 am Post subject: Reply with quote

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When I look at da 10 day chawt of CVX it makes me wonder whether or not this whole Middle East crap and its influence on oil and the resulting selloff in stocks was nuthin more than a sham setup by "the powers that be" Very Happy Look at the chawt of CVX and you tell me what was going on as the price moved higher based on what the OBV tells ya....especially the last 3 days. If somebody didn't know sumthin then I'll just call it dumb luck. Would you put it past our govmint to fabricate a reason for the Isrealis to attack the Palestinians and drive the price of commodities up? I sho wouldn't. And when they bring em down in a heap there will be no reason for ole Ben Bernanke to raise rates no mo now will there? I didn't think so. Rolling Eyes
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StatTrader
PostPosted: Fri Jul 14, 2006 5:16 pm Post subject: Reply with quote

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Grim, whatever is happening, it's ok. 35% of my real $ portfolio is in CVX Very Happy When this V move looks like it is petering out, I'll probably peter out of my position and wait for a lower price to get back in. Wink
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Grimreaper
PostPosted: Sat Jul 15, 2006 11:41 am Post subject: Reply with quote

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StatTrader wrote:
Grim, whatever is happening, it's ok. 35% of my real $ portfolio is in CVX Very Happy When this V move looks like it is petering out, I'll probably peter out of my position and wait for a lower price to get back in. Wink


Well you're in luck if you want a lower price on CVX then Stat. I'm wreckin the news out after hours on fri for CVX will start a round of profit taking. In fact, I will outright promise you that by this Fri CVX will fill the mini gapup it made on July 5th. It'll be interesting to hear the various price points where fokes think it will be time to reload on da way down. When I called the top in the precious metal stocks (at higher highs than the current highs) just before they did an across the bored 30% decline I challenged anyone ova yonder in Cramer's land o'da lost to chime in when they felt it was time to buy da pullback. There were 2 takers, one chose KRY at 3.85 (off the Cramer-induced 6.25 high) and the other chose NXG and is still down dramatically off where he decided it was time. That's the kewel thing about long term downtrends....there are always plenty of opportunities to reload at lower prices. Very Happy
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Grimreaper
PostPosted: Sat Jul 15, 2006 12:10 pm Post subject: Reply with quote

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StatTrader wrote:
Grim, whatever is happening, it's ok. 35% of my real $ portfolio is in CVX Very Happy When this V move looks like it is petering out, I'll probably peter out of my position and wait for a lower price to get back in. Wink


Oh yeah, one mo thang. I'm reserving the right to toot my big REE-CO-LAAAAH horn afta me call fo Naz 2040 before Naz 2240 materialized. Very Happy Actually, that call was alot tougher than me call on the energy pigs because da Naz did in fact have a chance to take out 2235 foist. I'm just glad da bulls came to their senses and saw da benefits of doing things my way! Laughing Now at least they gots a shot at some relief. I'm wreckin the semiconductor stocks will lead the next rally higher just like they always do during any legitimate bull run. It'll be interesting to see how selective da mawkets get actually. You have crap like GOOG n HANS that aren't commodity related that will still collapse while some other sectors rally. The one thing you can bank on is the fact that the precious metal, commodity, energy collapse that will be deemed as the catalyst for the next run in da Naz also happens to be the one thing that makes my call easier than my Naz call. Nobody expects the energy stocks to collapse....now do they? Very Happy Well, almost nobody. There's me....and I think there is one guy sitting in front of a computer in Iceland somewhere who hasn't been heard from yet. Laughing
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StatTrader
PostPosted: Sun Jul 16, 2006 3:59 am Post subject: Reply with quote

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what was the news out after hours on CVX?? I didn't see it.
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Grimreaper
PostPosted: Sun Jul 16, 2006 11:20 am Post subject: Reply with quote

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StatTrader wrote:
what was the news out after hours on CVX?? I didn't see it.



CVX decided to waste your $$$ buying a bunch of service stations in Cal. I guess it could be construed as good news if we can somehow put service stations under Cramer's rediculous anal-ysis about "land banks", even though anyone who invested in any of Cramer's land-bank stocks got their butts whooped. Rolling Eyes I guess CVX just opened up 100 more drive through windows with this purchase. Confused
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Grimreaper
PostPosted: Mon Jul 17, 2006 9:29 am Post subject: Reply with quote

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Grimreaper wrote:
Saaaaweet! Cramer didn't recognize that the energy pig stocks are falling even as the price of crud is hitting a new high today. That's because he has no clue bout da way mawkets actually forecast da future. Wink On today's edition of...I know I'm completely clueless but I can't STOP TRADING!!! he just said that the only longs he could recommend were the energy pigs. Look out below within 2 trading days if you are long any of the energy pigs! Thanks Jim! Laughing Laughing


It'll be interesting to see if Cramer the idiot has anything to say at 3:30 today about the energy pigs. Sho nuff sho nuff it only took 2 trading days for them to turn after he said buy. Let's see what he says on today's addition of "If you are gonna lissen to me and do what I say then you should just STOP TRADING" segment on CNBC. Laughing
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Grimreaper
PostPosted: Wed Jul 19, 2006 6:36 am Post subject: Reply with quote

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Price of crud oil (POO) now collapsing towards $72...yet not a single one of you fokes has taken the time to stop by and thank me for the work I have done.....specifically the work my 2 goons Guido n Tony have done to make the cost of driving come down.....which will transpire soo. I'll tell you this right cheeya right now. The next time you sheeple are all runnin skeeered and ya are callin fo da Reaper to come rescue you....yuns kin FERGET IT! Laughing
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Grimreaper
PostPosted: Thu Jul 20, 2006 9:04 am Post subject: Reply with quote

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This is too ironic to be anything but hilarious. CNBC just did a piece on hurricanes (I'm sure at the request of the energy pig traders) and outlined the most dangerous cities for this year's hurricane season, Miami n New Orleans. The idiot they had on said the northeast cities like Philadelphia are practically immune. I noticed there is a tropical storm out in the Atlantic off the east coast. Wouldn't it be funny if that storm turned into a cat 5 hurricane and ran ramshackle through the Hamptons and totally deeestroyed all the homes of the anal-ysts, fund mgrs, etc. who keep telling us that the energy pigs are the way to go?!! Laughing Now THAT would be funny! Well....maybe yuns guys don't think so.....but I sho do. Wink Very Happy
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Grimreaper
PostPosted: Fri Jul 28, 2006 3:05 am Post subject: Reply with quote

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Laughing CVX missed both da numbas! Looks like those poor clowns ova in Cramer's land o'da lost that were bettin heavily on CVX $70 calls can say bye bye to their $$$. Purrdixshun: Since all the anal-ysts are still so bullish on the energy pigs....this will be the last quarter they meet or beat expectations. Wink On a side note: I think mawket forces will take care o'da excesses so there is no need to enact legislation to punish big oil with windfall profits taxes. Instead, we as da voting public should punish our legislators for doing not a ding dang dilly darn thing about the situation until it became obvious....kind o'like da mawkets is punishing ANDE this moanin for being nuthin more than a "fantasy stock." Very Happy
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