The LOVE of MONEY - Victory Forums - Victory Motorcycle Forum
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post #1 of 46 (permalink) Old 01-12-2016, 12:57 PM Thread Starter
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Default The LOVE of MONEY

We want low gas prices and it's a shame to read about all the bankrupt businesses coming due to the bottom dropping out on price per barrel for oil.

Of course, all of this mess could be corrected with one key nuke placement over there, major war breaks out, oil prices hit the sky, and a few chosen Americans immediately become billionaires... again.

You know, the LOVE of money is the root of all evil. Is all of this crap evil, you betcha!!!
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Oil Plunge Sparks Bankruptcy Concerns

"The oil glut is expected to continue well into 2017, according to several banks, analysts and industry executives."

"Energy companies that took on huge debt loads to finance their slice of the U.S. drilling boom have no choice but to keep pumping to generate cash for interest payments."

"Some of the strongest operators with superior assets have locked in oil prices well above $50 a barrel this year through hedges, which serve as a kind of insurance policy against low prices."
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Cramer Remix: The worst stock in the world

Jim Cramer said...

Oil must stop going down. Bankruptcies and reorganizations must occur this year because a lot of companies are in distress. Players such as Petrobras, Chesapeake and Freeport-McMoRan are running out of capital and may have a hard time paying debt.

"It all comes due in 2016 if oil doesn't stop going down, and I don't think it will without a huge geopolitical crisis occurring in the Middle East,"
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post #2 of 46 (permalink) Old 01-12-2016, 01:03 PM Thread Starter
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Ha! This is just stupid(below)... let's say I make $25k a year, have 2 car notes and I'm about to buy a house priced at $100k. Same principle as U.S. oil producers. That's whats wrong with the world right there.
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Oil Plunge Sparks Bankruptcy Concerns

Since financial distress hasnít been a good mechanism for slowing down U.S. oil production, many analysts fear that any pullback may come too late. U.S. government estimates pegged output at 9.2 million barrels a day at the start of 2016ó1% higher than the start of last year when oil was trading for 40% more.
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post #3 of 46 (permalink) Old 01-12-2016, 01:05 PM
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Remember when gas went way high and UPS, Fed Ex and so on all raised the cost of shipping to pay for the high gas well I haven't seen the shipping prices lowering.....someone is making a $$ off of low gas prices.

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post #4 of 46 (permalink) Old 01-12-2016, 01:17 PM Thread Starter
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I'm taking heed... fortunately WE paid off some tremendous outstanding debt last year. Yes! I'm thanking God because I did not see this great fiasco cooking and we somehow were able to get it done. The plastic debt was killing us! Our 2016 outlook is to owe no one... except mortgage.
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Markets are heading for a 'cataclysmic year' in 2016, warns RBS - Jan. 12, 2016

"Sell everything."
That harrowing advice is from The Royal Bank of Scotland, which has warned of a "cataclysmic year" ahead for markets and advised clients to head for the exit. Do not wait. Do not pass go.
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post #5 of 46 (permalink) Old 01-12-2016, 01:24 PM
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Money might the root of some evil;
But The lack of money is the root of most evil....

If you don't wave to them'
They won't wave back to you....
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post #6 of 46 (permalink) Old 01-12-2016, 02:03 PM
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Quote:
Originally Posted by vindex1963 View Post
Remember when gas went way high and UPS, Fed Ex and so on all raised the cost of shipping to pay for the high gas well I haven't seen the shipping prices lowering.....someone is making a $$ off of low gas prices.
Now their health insurance probably went up
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post #7 of 46 (permalink) Old 01-12-2016, 02:50 PM Thread Starter
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If the world were fair, every time there is some type of reduction in costs that affects our staples and necessities, we all should get a credit. But, the world ain't fair, is it?

Say it cost the long haulers, ships, planes, delivery trucks, etc., 1% less than the 2 weeks before, and I spent $400 since then. Just crediting me $20 would be the right thing to do. Instead, prices do not reflect any changes and if anything, they are trending up at least a certain percentage each year along with taxes, insurance, travel prices and expenses. We are constantly getting ripped off unless of course you are particularly well off.
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post #8 of 46 (permalink) Old 01-12-2016, 03:46 PM
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Dill, the end to falling oil prices is too simple...pick up the phone and call the Saudi oil minister and tell him to stop flooding the market with their oil or you'll go over there and punch him in the snoot. They upped their flow in fear of losing the US market to our domestic output and it is working. Unfortunately.

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post #9 of 46 (permalink) Old 01-12-2016, 03:52 PM Thread Starter
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"Oil prices are plummeting to levels they havenít seen since 2003. Add in the fact that BP Oil announced it plans to cut more than 4,000 jobs over the next two years and things are looking down for the oil industry."

Those Saudi B******S will one day get theirs...

when we all are getting around on our gravity defying machines that lift off the ground after painting a special goo composed of cow dung
and salt water and then pushed around with electric pulsars or monkeys fed on skittles.
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post #10 of 46 (permalink) Old 01-12-2016, 04:34 PM
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I drive 55 miles to work one way , I NEED cheap gas .
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