I know many of you oil whores will disagree with me. However, I drive a plutonium powered time machine, while you’re sitting there, in disbelief, eating low-end snacks.
If oil goes to $70, [[XOM]] loses.
If oil goes to $125, XOM loses.
There is not a scenario, in an election year, where XOM can win, in my unhumble opinion.
Plus, as the market continues to melt away like a cheap candle, big winners in the oil sector will become a source of funds, rather than a viable investment vehicle.
There are two ways to play it:
1. [[DUG]] to get short the major oil companies.
2. [[DCR]] to get short crude itself.
On the long side, I still like select Ag stocks, but will not buy them yet. Right now, the only sector I would buy are consumer staples, like [[CLX]], [[PG]], [[CL]] or [[K]].
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XOM = Rockefeller
I was just thinking about what 2 little gadgets could be put together to make my life a little easier.
Bluetooth and NoiseCancelling Headphones for TVs.
Anybody know if there’s something out there already? Please send a link.
Odd. I am puzzled. I don’t see how XOM can lose if oil goes to $125. Enlighten me, oh great one.
alphadawgg –
because the dems will piss and moan that XOM’s quarterly profit continues to top $10 billion. then they start the push for the “windfall tax” bullshit.
windfall taxes
no way windfall will happen
mark this post
that is just placating the masses
triple super double doji – go fxp
True dat.
Jeff–
It will happen, as sure as I’m sitting here, under a democrat administration.
EJ ripping.
When gas hits $6 a gallon from higher tax, the net proceeds will be used for health insurance for homeless people. They will remain homeless but at least they will have their xanax and hopefully stop fucking with me.
yokahomamama,
It’s more trouble then its worth.
fly, have you considered costa rica?
You could run a tribal community and issue your own currency.
W ’08
PDD51
Fly,
Have you checked your bloodline? Maybe you have some Native American blood. Establish a federally recognized Tribe, take land into federal trust, get a casino approved AND THEN issue your own currency. Need to keep that cash in the States.
I think we should mark 1 yuan to 1 fly.
Send paypal info
Bank of International Fly
If anything, the (no capital ‘T’) Fly could enlist his fawning, self-seeking parasites to perform a coup and then he could take over as dictator of Romania.
I’m not sure what the currency is there, but I’m sure with the backing of the goat farmers union, a new currency could emerge, i.e. the ‘drosophila’, or something to that ‘affect’.
Question:
Is Natty for Asshats?
I agree on oil, but I am bullish NG.
tell me why I should pay 30x for a toothpaste company? Are we gonna brush more in a recession? Drink more sugary colored drinks? Scrub our bathroom tiles more?
I don’t get the whole buy CL KO CLX PG MO etc nonsense because we’re in a recession. Those companies grow single digits, no way I pay 5 x the growth rate for that shit. But thats what everyone does & it works till the last fool pays too way too much for them.