Oil Nears $100/Barrel--What Do You Make of It?

by owenfieldreams 31 Replies latest jw friends

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  owenfieldreams

  http://apnews.myway.com/article/20071101/D8SKQ1PO0.html

  Looks like we here in the good ole US of A may be paying $3.50/ gallon when spring hits next year, if this trend continues. China's predominantly state-owned oil company surpassed Exxon today in market value, and they are currently drilling not far off the coast of Florida(by way of Cuba). I say we need to open up exploration immediately in ANWAR and increase drilling in the gulf, and also off the coast of California. What are your thoughts?
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  BIG D

  please do something , other than the current nothing, mainly cars that get more mileage!!!!!!!!!!!!!

  big d
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  Elsewhere

  Oil is becoming more expensive and renewable energy is becoming less expensive. It is just a matter of time before the two prices intersect. Once that happens we will see a massive shift of in investment money from oil based investments into renewable energy investments.

  Once massive amounts of money moves into renewable energy the cost will fall drastically resulting in a new era of clean and affordable energy.

  I saw this coming some time ago and started investing in renewable energy index funds. I've been sitting back watching the money roll in.

  Those who invested in computer technology in the 1980's have made fortunes over the last 17 years. The money that is to be made in renewable energy will make that look like chump change.
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  stillajwexelder

  there are still too many idiots driving hummers
• 

  Justitia Themis

  Elsewhere:

  Care to let us know in which particular funds you have invested?

  Justitia
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  Elsewhere

  PBW

  http://finance.google.com/finance?q=pbw

  I'm also holding Gold (GLD) as the dollar is dropping. This helps to stabilize my portfolio.
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  5go

  Simple the Sauds and OPEC are tired of taking paper.
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  dinah

  You have a freaking portfolio?
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  UnConfused

  Imagine how expensive it would be if we hadn't invaded Iraq.
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  Elsewhere

  You have a freaking portfolio?

  It's not that big of a deal. Odds are most of the people here have one of some sort. It just means one owns some sort of investment security... stocks, bonds, IRA's, 104k's, money market accounts, etc...