Oil prices, inflation and the market direction

[buckhunter]

I'm calling out to $$MR. MARKET and other expert economists. For months I've been hearing that as oil prices rise, inflation will rise. I understand that. Fuel prices are reflected in virtually everything we buy. Inflation goes up, so the market goes down because Bennie keeps raising rates.

Now the economists are saying that inflation will go up because oil has been going down. Their thinking is that Ma and Pa Kettle now have $5 extra dollars in their pocket after filling up at Citgo. They'll head right off to the mall and bid up the price of lacy underthings for Ma.

So inflation goes up when oil prices rise AND when they fall? I don't know how we can win when these experts keep digging for bad news. Can one of you educated guys help out a simpleton from Wisconsin? All i remember from my Econ class is the Law of Supply and Demand and the blonde chick next to me was a knockout.

[mrmarket]

The reduction in oil prices would lower costs to manufacture goods. Extra 5 bucks in pocket would stimulate growth. These factors would probably offset each other.

Big news is that oil prices aren't going anywhere. Don't spend that 5 bucks yet.

[Lyehopper]

The reduction in oil prices would lower costs to manufacture goods. Extra 5 bucks in pocket would stimulate growth. These factors would probably offset each other.

Big news is that oil prices aren't going anywhere. Don't spend that 5 bucks yet.

With all the recent profits made on the rise of refined product, and profits from all those HESS Firetrucks and other toys I've bought.... you'd think HESS could go ahead and paint their tanks in Montvale. Could you check into that for me Ernie?

[ParkTwain]

Please don't fill up at Citgo. That $$$ goes to Venezuela.

[mrmarket]

With all the recent profits made on the rise of refined product, and profits from all those HESS Firetrucks and other toys I've bought.... you'd think HESS could go ahead and paint their tanks in Montvale. Could you check into that for me Ernie?

We no longer own that terminal. But I love the valley!

[New-born baby]

Glass bottom

Big news is that oil prices aren't going anywhere. Don't spend that 5 bucks yet.

I wonder . . . $62 is a huge support, and if it fails, then it would seem that $50's oil is in the bag. Bounced once off $62 two days ago, but today that support is getting hammered again. Don't think it can take too much more hammering before it shatters like glass.

[RL]

What I would realy like to know Is who Is the market?

[buckhunter]

??

Please don't fill up at Citgo. That $$$ goes to Venezuela.

What do you have against Venezuela? I remember when that chubby guy pitched for the Dodgers. He was pretty good....

[Lyehopper]

What do you have against Venezuela? I remember when that chubby guy pitched for the Dodgers. He was pretty good....

LOL!.... Fernando!.... Yeah I liked him too.

Hey Buckhunter.... Why don't you play the POTW dude?

[buckhunter]

LOL!.... Fernando!.... Yeah I liked him too.

Hey Buckhunter.... Why don't you play the POTW dude?

Lye - I may have to try the POTW. I'll just short some of the stocks I own in real life. That should get me a weekly win... Better yet, can I short the Packers??? I'm already watching college games with an eye on who they should take with the #1 overall pick next year.

[New-born baby]

Big news is that oil prices aren't going anywhere. Don't spend that 5 bucks yet.

Oil trading at $61 tonight. That's HUGE.

[Peter Hansen]

No oil shortage

Despite Rumors of peak oil and global warming .......I say BS to both. With sophisticated drilling techniques and the ability to drill 20,000 ft below the sea surface ,and the new extraction process for the oil sands ..........we will have oil up the old wazoo. Global warming, the pet hoax of huckster Al Gore, is another classic lie perpetuated by the "inventer of the Internet" Weather conditions are cyclical and they have been since the beginning of time .....another ice age and some global warming are as inevitable as night follows day

[Websman]

Despite Rumors of peak oil and global warming .......I say BS to both. With sophisticated drilling techniques and the ability to drill 20,000 ft below the sea surface ,and the new extraction process for the oil sands ..........we will have oil up the old wazoo. Global warming, the pet hoax of huckster Al Gore, is another classic lie perpetuated by the "inventer of the Internet" Weather conditions are cyclical and they have been since the beginning of time .....another ice age and some global warming are as inevitable as night follows day

Remember the big scare in the 1970's about the coming ice age. LOL

Yup, I agree. It's all B.S... nothing but standard climate patterns. Jeesh...We've only been keeping track of the weather for a couple of centuries. That's a very short span of time.

[Lyehopper]

We no longer own that terminal. But I love the valley!

$$$Mr Market$$$ the Wilco/HESS station on Orange Ave is where I usually fuel my truck (diesel)..... I have a complaint.... The compressed air has not worked for some time. I needed to get some air in a slack tire this afternoon when I fueled up and (as usual) there was none. I asked the mgr on duty about it and she said it was a "Corp owned station" and no one would approve funds to fix the compressor.... If this is true could you look into it for me please?.... Oh! and tell them to stock more Chocolate covered cream filled Krispy-Kreme's too, all they had today were custard filled.... PS: The coffee was fine and they gave me a free cup with the fuel.

[Websman]

$$$Mr Market$$$ the Wilco/HESS station on Orange Ave is where I usually fuel my truck (diesel)..... I have a complaint.... The compressed air has not worked for some time. I needed to get some air in a slack tire this afternoon when I fueled up and (as usual) there was none. I asked the mgr on duty about it and she said it was a "Corp owned station" and no one would approve funds to fix the compressor.... If this is true could you look into it for me please?.... Oh! and tell them to stock more Chocolate covered cream filled Krispy-Kreme's too, all they had today were custard filled.... PS: The coffee was fine and they gave me a free cup with the fuel.

You'd be better off if you stayed away from those Krispy Kreme's...they're full of processed sugar....jejejesssssssssssssss