GM Volt Forum banner

1 - 20 of 37 Posts

·
Registered
Joined
·
4,748 Posts
Discussion Starter #1

·
Administrator
Joined
·
20,151 Posts
We need to sell more public resources (oil leases) for pennies on the dollar to our political friends, get rid of oil spill safety regs, and help oil companies make more money. There are no other energy sources, well, maybe nuclear...

Interestingly, the side effect of drilling is cheap natural gas which clobbers another sacred cow: coal. When your political campaign is being funded by gas and coal, which do you favor when they are in conflict?

The new DOE head Rick Perry wants to have the taxpayers subsidize noncompetitive coal plants under the guise of national security by requiring 90 day coal stockpiles at plants that have switched primarily to gas. That was shot down by another agency, but this is politics, expect this corporate welfare handout to a coal billionair to be resurrected in another guise.
 

·
Registered
Joined
·
2,488 Posts
Even though we own 2 vehicles, a 2016 Volt Premier, and a 2010 Prius I know the world and of course the U.S. run on oil. I know many people believe that we can get along just on windmills and solar. That would be nice but is not reality.

All commercial aircraft and most water craft still rely on petroleum, and will until we can find an energy source capable of taking a fully loaded Boeing 747 to a cruising altitude of 40,000 feet flying 550 MPH and land safely in another continent 10,000 miles away.
 

·
Registered
Joined
·
11,416 Posts
It's backed off a hair from $70. I wouldn't expect any runaway price, but being up from $40-50 is good for my portfolio, and a lot of other people whether they like it or not.

Brent Crude: 69.15
Bonny Light: 69.62

Get real-time prices here: https://oilprice.com/

Static news stories have a way of becoming irrelevant fast.
 

·
Registered
Joined
·
4,748 Posts
Discussion Starter #5
It's backed off a hair from $70. I wouldn't expect any runaway price, but being up from $40-50 is good for my portfolio, and a lot of other people whether they like it or not.

Brent Crude: 69.15
Bonny Light: 69.62

Get real-time prices here: https://oilprice.com/

Static news stories have a way of becoming irrelevant fast.
Thanks for posting the link.
 

·
Registered
2013 Diamond White
Joined
·
383 Posts
About a week ago, regular was about $2.42 gallon, here in the sunshine state. Today $2.52 gallon. We can use our tax cuts to pay the additional cost of gas.
 

·
Registered
Joined
·
11,416 Posts
Thanks for posting the link.
You're very welcome. I have an interest in this subject. I should thank you for bringing it to our attention. My business channel seems to be consumed with politics at the moment so I didn't see this.

We can use our tax cuts to pay the additional cost of gas.
I don't buy much gas these past 4 years. I probably have to spend some of mine on SALT, being in Illinois. All things considered I think I'll still come out ahead, and my investment portfolio is SCREAMING good news.

...expect this corporate welfare handout to a coal billionaire to be resurrected in another guise.
Somehow statements of this kind always remind me of Tom Steyer.
 

·
Registered
Joined
·
5,410 Posts
Well, many plastic parts in a Chevy Volt just got more expensive...:rolleyes:
 

·
Registered
Joined
·
902 Posts
All commercial aircraft and most water craft still rely on petroleum, and will until we can find an energy source capable of taking a fully loaded Boeing 747 to a cruising altitude of 40,000 feet flying 550 MPH and land safely in another continent 10,000 miles away.
Excellent argument for NOT wasting petroleum on gas-guzzling cars and trucks, electricity production, and plastics.
 

·
Registered
Joined
·
13,563 Posts
Is it wrong to wish for $4-5 gas so my volt actually generates an ROI? When I bought the blasted thing, it made sense (and cents) because my previous vehicle was a Deville guzzling $250-400 per month in fuel alone. That easily covered the car payments I was making. Now my car payment is $0 and low fuel prices has caused folks to revert back to buying Silverados.
 

·
Registered
Joined
·
2,615 Posts
I don't buy much gas these past 4 years. I probably have to spend some of mine on SALT, being in Illinois. All things considered I think I'll still come out ahead, and my investment portfolio is SCREAMING good news.
Considering SALT I don't have a prayer of coming out ahead. Although states are now looking for creative ways of getting around this.

And while everyone's portfolio is doing great, I'm bracing for what will likely be a very large correction, and hoping there will be sufficient time for it to re-correct before I retire.
 

·
Registered
Joined
·
11,416 Posts
Is it wrong to wish for $4-5 gas so my volt actually generates an ROI?
Yes, very wrong.

And while everyone's portfolio is doing great, I'm bracing for what will likely be a very large correction, and hoping there will be sufficient time for it to re-correct before I retire.
Perhaps you've heard of this acronym called FUD?
 

·
Registered
Joined
·
2,615 Posts
Perhaps you've heard of this acronym called FUD?
I have no fear, uncertainty, or doubt that the market will eventually recover to this level and even surpass it (baring something catastrophic). I just hope the time frame is advantageous for me.
 

·
Administrator
Joined
·
20,151 Posts
And while everyone's portfolio is doing great, I'm bracing for what will likely be a very large correction, and hoping there will be sufficient time for it to re-correct before I retire.
As we know from the past, the stock market will always continue to go up, up, up. :)
 

·
Registered
Joined
·
417 Posts
Is it wrong to wish for $4-5 gas so my volt actually generates an ROI? When I bought the blasted thing, it made sense (and cents) because my previous vehicle was a Deville guzzling $250-400 per month in fuel alone. That easily covered the car payments I was making. Now my car payment is $0 and low fuel prices has caused folks to revert back to buying Silverados.
Have no fear................$4 gas IS in our future again :D
 

·
Registered
Joined
·
13,563 Posts
And while everyone's portfolio is doing great, I'm bracing for what will likely be a very large correction, and hoping there will be sufficient time for it to re-correct before I retire.
Too many people worry about whether they have enough money as they retire. Don’t forget, one can easily live 20-30 years beyond retirement age, or if you take advantage of the year of 55 rule, there could even be 40 years of future growth. So maybe instead of worrying about any correction, feel confident that if you keep your investments all in on good growth mutual funds, avoid those bonds and targeted funds that move your investments to “safer” infest-mentions vehicles, and keep letting the goose lay those golden eggs.

My plan is to let my nestegg ride and draw a line in the sand as my target point the day I retire. anything above the line I can spend, give away, or keep in the investment. Then anything below the line means I need to just live minimally to pay the taxes and eat, while I wait for it to recover. I plan to end up with farm more than I started to leave as a legacy for my children and grandchildren (if and when any grandchildren arrive).

As long as you don’t pull it all out even if there is a correction, history shows you will be fine. It’s the folks who jump off the moving roller coaster who get hurt
 

·
Registered
Joined
·
11,416 Posts
As long as you don't pull it all out even if there is a correction, history shows you will be fine. It’s the folks who jump off the moving roller coaster who get hurt
As the market reaches for 26,000, we could have "a very large correction" and still be way ahead of where we were in 2016. 2015? Fuggedaboutit.
 

·
Registered
Joined
·
13,563 Posts

·
Registered
Joined
·
11,416 Posts
And during the correction, the news media will be screaming “they sky is falling, the sky is falling” yet when we plow past 30k, the news stories about how great the market is will be few and far between. Then there’s this

https://www.amazon.com/Dow-100-000-Fact-Fiction/dp/0735201374
According to Paul Krugman the sky had already fallen a year ago.

It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?

Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.

Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.
The rest of his idiot rant is archived at NYT or you could read the additional spin at Politico. A recession has repeatedly been predicted by various numbskulls since 2014. IMO if the Nobel prize folks weren't so idiotic lately, they would ask Krugman to give his prize back. Economic sciences my @$$. This guy has turned into the armpit of economic forecasters. It's amazing what extreme political views can do to a person's sanity.

Soros, Rogers, Buffet and the like will be buying if/when there's a significant dip. That's what they do, except for Soros who openly causes crashes so he can gobble everything up. In Malaysia he's wanted as a financial criminal last I heard.

Meanwhile, the price of oil seems stable for the moment.
 

·
Registered
Joined
·
5,410 Posts
Too many people worry about whether they have enough money as they retire. Don’t forget, one can easily live 20-30 years beyond retirement age, or if you take advantage of the year of 55 rule, there could even be 40 years of future growth. So maybe instead of worrying about any correction, feel confident that if you keep your investments all in on good growth mutual funds, avoid those bonds and targeted funds that move your investments to “safer” infest-mentions vehicles, and keep letting the goose lay those golden eggs.

My plan is to let my nestegg ride and draw a line in the sand as my target point the day I retire. anything above the line I can spend, give away, or keep in the investment. Then anything below the line means I need to just live minimally to pay the taxes and eat, while I wait for it to recover. I plan to end up with farm more than I started to leave as a legacy for my children and grandchildren (if and when any grandchildren arrive).

As long as you don’t pull it all out even if there is a correction, history shows you will be fine. It’s the folks who jump off the moving roller coaster who get hurt
https://www.marketwatch.com/story/got-1-million-to-retire-heres-how-long-it-will-last-by-us-state-2017-10-13
 
1 - 20 of 37 Posts
Top