Is it the right time to jump on the XOM or CVX bandwagon? I've been itching to get a piece ever since oil prices hit $55/gallon. With the new projections that it may hit $80 by year's end, I'm even more intrigued. However, I'm still a little concerned, as I don't know if we could ever let it get that high.
Hold on, I thought the displacement system that shut off 3 cyl on the highway didn't come except with the Touring version?! Isn't that what the near $4000 extra are for?
Nope, it comes in my model as well. Just the EX-L, not an EX. The Touring has a lot of nice things that should really just be options on an EX, but Honda has never seemed wild about a lot of options. Keep D&D Civil!!
thanks for the note you are absolutely right about quality cars. Traditionaly, and continuously, Japanese are building quality and efficient cars. I heard lots of good things about the Odyssey '05 from my colleagues, but personaly I am not a big fan of van. Besides, without any child, it really doesn't make any sense for me I was thinking about some efficient Japanese SUVs to ease my guilt and fulfill my bad desire But with the oil price raising constantly, I will stay put for a while, and see what's next. Have fun with your Odyssey though.
I've been making money hand over fist the past year on a strategic energy investment. I'm rich, bi***!
if you mean the stocks then why not but there are other ones performing better and that are pushing higher while XOM and CVX are not. however i would always wait for a pullback and not buy into hype. puts you at too much risk and gives you a poor entry point. further I doubt oil will be at 80 at years end. i believe something came out yesterday that stated if oil got over 75 then that is where they think demand would finally start to drop. also you can always just buy the XLE too.
Hey texxx! Are you taking investment tips from Brit Hume these days? - Fox News's Brit Hume, 7/7/05 That's right - his first thought after hearing about the awful terrorist attack in London today wasn't "how tragic," or "let's say a prayer for the dead," or "how can I help the victims" - his first thought was, there was a terrorist attack, how can I personally profit off it? In fact, his impulse to use the bloodshed to make himself money was so intense, he actually voiced it on national television! Sounds like he's yer kind of guy.
Me. "Bill Bonner, with more opinions... *** The price of oil rose through the $60 barrier yesterday. The world is using so much of the stuff, supplies can't keep up. "Saudis warn on shortfall in oil output," says a page-one headline in today's Financial Times: "The Organization of the Petroleum Exporting Countries will be unable to meet projected western demand in 10 to 13 years Saudi officials have warned." Meanwhile, from the Lone Star State, via the Guardian newspaper, oil analyst Matt Simmons says oil "will hit $100 by winter." "We could be at $100 by this winter. We have the biggest risk we have ever had of demand exceeding supply. We are now just about to face up to the biggest crisis we have ever had," he said. Simmons intends to publish a hard-hitting book this week in which he argues that Saudi Arabia, the world's largest producer, is running out of oil. The chase for oil, he maintains, could lead to war. Who knows? The Economist Intelligence Unit takes a different view, predicting that oil prices will peak by the end of this year, and decline by 10 percent in 2006. We have no way of knowing who is right. But we have opinions. *** The Chinese are using more and more oil. But they're using it in an economy that is based partly on fantasy - producing things for Americans, who don't have the money to pay for them. It is just a matter of time (we will keep saying this until the time actually arrives...or we go to our graves...whichever comes first) until Americans stop buying. No people can run up debts forever - even people who have the world's reserve currency. Americans' debt binge is collateralized by rising property prices. Someday, that must end too. When it does, demand for Chinese-made goods will fall, and so will China's consumption of oil. But the fall in U.S. consumption will have other consequences. In the Anglo-Saxon world's high debt culture, a credit contraction - or a cut back in consumer spending - should be devastating. Too many people owe too much money. When they can't pay, the whole system is threatened by collapse. This is, of course, the last thing the dissemblers at the Federal Reserve, Congress or the Bush administration want. Former Fed governor Ben Bernanke announced that would take extreme measures to prevent it - "we have a technology," said he, "called a printing press." You can imagine the howl that will come up from lumpenhomeowners when they begin losing their houses. And you can imagine how eager public officials will be to repeat the miracles of the past - the LTCM rescue operation...the post-'87 crash recovery...the turnaround of the 2001 recession. Each one was dealt with in the same way - with more cash and credit! From every angle we look at it, we see the same picture - the picture we have been watching since the tech crash of 1999-2002. The U.S. economy continues to sink into a long malaise - a soft, slow slump, a la Japan. Our major corporations slip and slide. Wages go nowhere. Growth figures are positive, but they are phony; they record the rate at which Americans ruin themselves with excess consumption, not the rate at which the economy grows stronger and richer. "There's good growth and bad growth," writes Stephen Roach. "The former is well supported by internal income generation and saving. The latter is driven by asset bubbles and debt. The United States, in my opinion, has been on a bad-growth binge for nearly a decade, but especially over the past five years. In a US-centric global economy, that means the rest of the world has also become overly dependent on bad growth as the sustenance of a false prosperity." Eventually, but not necessarily soon, this picture will give way to another one - when desperate officials destroy the imperial currency in order to try to save homeland consumer spending. That is when oil, copper - and especially gold - really begin to fly. Ultimately, the supply of dollars is unlimited. The world's supply of oil, on the other hand, grows smaller every day. [Ed. Note: The World Energy Outlook report said that the world will have to sink an average of 550 billion dollars every year into energy resources...just to keep up with demand...every single year from now until 2030. ) link
I haven't followed XLE too closely, but when we're talking big oil companies, generally XOM and CVX are pretty safe bets, with little risk. At the same, time, as you mentioned, they probably won't push as high.
http://www.spdrindex.com/sectortracker/ pretty neat little java tool lets you see how the various spiders have performed to date and by clicking on them you see the stocks that make each one up.
Let me see if I get this correctly: We can split an atom, explore the surface of Mars with robots, pass binary code through a molecule, regrow body parts in vats, map our genome, look at snapshots of places light years away from our home, but.... ....we can't find a method of personal transportation other than the same fossil-fuel engine that's been around for 80 years? Riiiiiight. The problem is not with the obscene amount we're paying for oil, but with the people who benefit from the obscene amount we're paying for oil.
nice way to insinuate that we are under the control of a conspiracy by massive oil companies to keep the world under their economic domination. we do have other ways but they simply are not as affordable as fossil fuels are. there are tons of other ways to get around if you haven't noticed and people have been working on them for years but it boils down to affordability.
