Ummmm, what happened "OIL EXPERTS????"
12-19-2008, 04:38 PM
#42
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Joined APC: Dec 2006
Position: I was acquired, Not Hired
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I too thought oil was headed above $150 bbl. I'm glad I was wrong.
I always thought the commodities traders/speculators would run the price up as high as possible and then start looking for another commodity to speculate (copper, gold, orange juice, etc). I recall, and please add if my facts are off, that a group of speculators was indicted or being investigated for running up the price and so oil started to soften.
Now all we need is in 6 months, the economy to jump start with the help of cheaper energy prices.
Just my two cents worth,
FF
I always thought the commodities traders/speculators would run the price up as high as possible and then start looking for another commodity to speculate (copper, gold, orange juice, etc). I recall, and please add if my facts are off, that a group of speculators was indicted or being investigated for running up the price and so oil started to soften.
Now all we need is in 6 months, the economy to jump start with the help of cheaper energy prices.
Just my two cents worth,
FF
12-19-2008, 04:45 PM
#43
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Joined APC: Mar 2008
Posts: 1,083
Originally Posted by Romulus
It may find equilibrium for a year or two, but the price of oil has always gone up over the long term. It's time we found an alternative energy source.
12-19-2008, 06:10 PM
#45
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Joined APC: Mar 2005
Posts: 1,713
Another "expert" was on CNBC last night talking about how oil was going to "pop" up to $40 a bbl today due to expirations on oil positions that were priced at $40 (he was practically 100% sure we'd see it too). Well, another "expert" was wrong AGAIN as oil dropped a couple more dollars. Hopefully we can ALL take advantage of the situation and start recouping some of the lost money. A few more dollars and we'll be in the twenties! Woo Hoo!!!
12-19-2008, 06:18 PM
#46
HOSED BY PBS AGAIN
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Joined APC: Mar 2005
Posts: 1,713
Originally Posted by KC10 FATboy
So, let me see. You were angery when the evil Oil industry was getting a premium for their product, but, it is ok for your industry to do the same.
Ironic.
Add in the fact that you admit to have a 3.6GPA and a Masters in Business is telling. Did you go to a "pay for a degree thru the internet" school?
-Fatty
Ironic.
Add in the fact that you admit to have a 3.6GPA and a Masters in Business is telling. Did you go to a "pay for a degree thru the internet" school?
-Fatty
Geez dude, let it go. It's getting really old.
12-19-2008, 06:23 PM
#47
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Joined APC: Mar 2005
Posts: 1,713
Originally Posted by Jake Wheeler
If you are so smart, then you must have seen this coming and made a killing selling oil futures and select stocks short.
Are you going to retire with your millions or stick around braggind how your Podunk U. MBA makes you smarter than all the experts on Wall Street?
Are you going to retire with your millions or stick around braggind how your Podunk U. MBA makes you smarter than all the experts on Wall Street?
Nope, smart enough to stay away from that stuff. And what top ten university did you get your masters from? I'm sure we'll all be impressed, right?
12-19-2008, 06:39 PM
#48
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Joined APC: Sep 2005
Posts: 463
Originally Posted by FR8K9
Hey congrats. I hear your company hedged at $140.
But in the meantime, once CAL recalls the 147 on furlough at least my son will have the option of getting a job here. Your avitar shows your son in a delivery uniform. Sad, but UPS won't even hire him for that as long as you are there.
Hopefully, another major airline or trucking firm will pick him up since UPS won't hire him.
BTW, UPS is a great airline. But just like at CAL it seems as though UPS has its' idiots as well.
12-19-2008, 07:12 PM
#50
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Joined APC: May 2006
Position: Jet Pilot
Posts: 797
Originally Posted by ewrbasedpilot
Another "expert" was on CNBC last night talking about how oil was going to "pop" up to $40 a bbl today due to expirations on oil positions that were priced at $40 (he was practically 100% sure we'd see it too). Well, another "expert" was wrong AGAIN as oil dropped a couple more dollars.
