New oil reserves discovered by Brazil ?

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05-13-2008, 10:37 PM

#11

MWG2

Senior Member

Join Date: 11-14-2007

Location: Planet Earth

Posts: 1,240

Please keep in mind, we have the double whammy going on right now...

Recession coupled with Inflation. This is a recipe for disaster.

Don't complain about the high cost of gas, join in on the profits. Make sure your investment portfolio, no matter how small, includes mutual funds that have oil stocks included in the mix. Pay yourself!

05-14-2008, 09:57 AM

#12

Tony_SS

Former Sponsor

Join Date: 08-02-2007

Location: St. Louis, MO

Posts: 160

Well we haven't had 2Q's of negative growth, so technically it's not a recession, just a little slow down in the economy, and I'll attribute that to all the folks who lost their homes due to foreclosure. Once we recover from that, things ought to stabilize.

05-14-2008, 05:29 PM

#13

Lone Ranger

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Thread Starter

Join Date: 05-26-2007

Location: ...

Posts: 1,554

Quote:

Originally Posted by MWG2

And when the oil bubble pops, down goes your portfolio.

05-14-2008, 05:57 PM

#14

hhrcrafty

Banned

Join Date: 10-24-2006

Location: The Show-Me State

Posts: 1,761

Quote:

Originally Posted by Lone Ranger

And when the oil bubble pops, down goes your portfolio.

Only if you're not diversified and fail to watch the market.

05-14-2008, 08:11 PM

#15

Snoopy

Platinum Member

Join Date: 05-09-2006

Location: "Upland" Mesa, Arizona

Posts: 6,805

Quote:

Originally Posted by Lone Ranger

And when the oil bubble pops, down goes your portfolio.

But, when the oil bubble pops it will be a very slow leak.

Have you seen oil, gas, fuel prices DROP as fast as they INCREASED

05-15-2008, 09:40 AM

#16

2007OrangeHHRLT1

Member

Join Date: 06-25-2007

Location: Independence, MN

Posts: 83

Quote:

Originally Posted by Lone Ranger

Are you sure his Mercedes is not a diesel and its algae based bio-diesel he's running? Pretty sure I remember hearing about producing bio-diesel from algae. Some of the older Mercedes diesels are great for WVO (waste vegetable oil) and bio-diesel.

Yeah I believe it was a diesel Mercedes....But personally I believe that bio-diesel is the way to go in the future....Since Diesel is the after product of gas and that we have so many Mcdonalds that there is so much waste oil we could put to use on the streets. Gas is such a waste of time we need to move on to bigger and better things...