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HomeOff Topics News & Politics › Gas price
01-20-2016 08:27 PM  35 months agoPost 21
fla heli boy

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cape coral, florida

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never played stocks..... but I'm seriously thinking about giving it a few weeks and buying oil. It can only go soooo low.

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01-20-2016 08:45 PM  35 months agoPost 22
es1co2bar3

rrKey Veteran

winnetka california

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never played stocks..... but I'm seriously thinking about giving it a few weeks and buying oil. It can only go soooo low.
Get a Piggy bank if you don't know what to do with the money.
Black Gold is a none starter.

I was waiting on some honey but there aren't no Queen bee,

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01-20-2016 10:28 PM  35 months agoPost 23
spaceman spiff

rrKey Veteran

Tucson

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never played stocks..... but I'm seriously thinking about giving it a few weeks and buying oil. It can only go soooo low.
I highly recomend investing. Beware, oil companies have gone to zero, more certainly will.

There are a number of great books on the topic. Jim Cramer wrote some great books containing great wisdom. For some reason when ever i follow the general advice in the books i do pretty well, but whenever i blindly follow his specific TV recomendations i get clobbered. Buyer beware.

BTW i am the official inventor of the "Grand Canyon State Echoing Boo Hoo Hooo Yahs" as a result of one of those bad events. He devoted half of a show to my question. (Market reaction turned very harsh after a quarterly report that was in line with what the company had said it would be, seemed pretty bizzare ) Great and brilliant guy, but no one knows very much about the actual future.

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01-21-2016 10:32 AM  35 months agoPost 24
shawmcky

rrElite Veteran

Isle of Wight,United Kingdom

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Looks Donald could be right on the button!
https://www.rt.com/business/326639-...ble-us-economy/

Team- unbiased opinion.K.I.S.S principle upheld here

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01-21-2016 11:29 AM  35 months agoPost 25
es1co2bar3

rrKey Veteran

winnetka california

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Rubble pain
PUTIN GO cold in Syria any notice

Russia's currency collapses to lowest level ever
January 20 DAVOS, Switzerland
The Russian ruble has just collapsed to its lowest ever level.
It dropped 4% to 82 rubles per U.S. dollar on Wednesday, passing a previous low hit in late 2014 and piling on the pain for an economy already deep in recession.
The latest slump was triggered by another steep drop in oil prices -- crude sank below $27 a barrel to its lowest level since September 2003. The ruble often mirrors movements in oil prices because the Russian economy is extremely dependent on energy.

Earnings from oil and gas exports make up roughly half of government revenues.
The oil price crash from over $100 per barrel just 18 months ago has been disastrous for Russia. To balance its budget, the country needs to be able to sell oil for $82 per barrel.
"The latest slide in oil prices has obviously darkened the outlook for Russia's economy," said Neil Shearing, chief emerging markets economist at Capital Economics.
Related: Russia is slashing spending again due to oil slump
Still, some Russian executives believe there could be an upside to the collapsing currency.
"The current situation is challenging, but the significant depreciation of the ruble made our national production more competitive," Alexey Mordashov, chief executive of Russian mining company Severstal, told CNN at the World Economic Forum in Davos. "I hope that Russia is reaching some kind of new equilibrium."
Ordinary Russians are paying the price. New lows for the ruble could put more pressure on Russian prices. Inflation reached 12.5% in 2015 while real wages kept dropping, leaving many people much worse off.
Official statistics show that over 20 million Russians, roughly 14% of the population, are now living in poverty. That compares with 16 million in 2014.

I was waiting on some honey but there aren't no Queen bee,

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01-24-2016 12:11 PM  35 months agoPost 26
oballzz

rrNovice

lilburn ga usa

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...paid $1.59 last night....due to the low price of gas more people are working, and sure it affected some in the oil business,but helped the economy overall.
I wonder why motor oil is so expensive still?

Music is probably the only real magic I have encountered in my life,it's pure and it's real,it moves,it heals..TP

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