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21354 messages, Last post on Nov 23, 2009 at 9:06 PM
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Replying to: ljflx (Jan 08, 2009 8:01 pm) I think the perception will linger as more collusion gets washed out. Your post is fantastic regarding the oil markets and inventory management. When will markets learn balance? Very inefficient to me. The federal investigation that prompted Gov. Bill Richardson of New Mexico to withdraw his nomination as commerce secretary offers a rare glimpse into a long-simmering investigation of possible bid-rigging, tax evasion and other wrongdoing throughout the municipal bond business. Three federal agencies and a loose consortium of state attorneys general have for several years been gathering evidence of what appears to be collusion among the banks and other companies that have helped state and local governments take approximately $400 billion worth of municipal notes and bonds to market each year. Muni Bid Rigs Regards, OW |
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Replying to: ljflx (Jan 08, 2009 8:01 pm) Thank you for that well-written reply... you offer a very good insight into the aspects of supply/demand... but, I would still like to hear your take on why diesel fuel maintains a very high price. It has barely fluctuated compared to the major price swings of gasoline. The Chinese Olympics were originally to blame, partially, with the explanation that the Chinese had been stocking up on massive supplies of diesel, as a backup to posible energy requirements during the Olympics... but that card is now played out and has proven to have been meaningless media hype. Another explanation has been that production of diesel fuel is limited compared to gasoline, and/or that production can't keep up with the demand from the trucking industry. In your opinion, what's the real reason diesel fuel has stayed so damned expensive while gasoline prices have dropped like an anchor? As an unfortunate consequence, of course, the modern clean diesel vehicles that have finally made their way to our shores will never get the kind of market penetration that they otherwise deserve. TM |
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Reference link -- http://www.cfif.org/htdocs/legislative_issues/federal_issues/hot_issues_in_congr- ess/energy/Not-So-Fast-the-Electric-Cars-Buried-Study-Says.htm gfr1 |
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Replying to: ljflx (Jan 08, 2009 8:01 pm) Thanks for your informative post. You certainly are well researched in the oil markets. Just want to clarify a statement I made which is not 100 percent accurate. I had stated that oil prices in the long term cannot depart too far from marginal costs. From Economics 101---competitive commodities markets in the long term must equate to the following: Marginal Revenues = Marginal Costs But in the oil industry long term marginal revenues can exceed marginal costs Unfortunately oil is not a perfectly competive market. Certainly not with OPEC and the with the increase of if oil companies being nationalized worldwide. Dont forget most of the cheapest to drill oil reserves worldwide are in countries that are not Pro-Western. One thing that cannot be underestimated is that market oil prices can be influenced in the long term by countries with political agendas that are against the interests of the west. |
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Replying to: ljflx (Jan 08, 2009 8:01 pm) You maybe right? I know there are quite a few investors who make big returns with their own market forecasts. I am not one of them. In my case I am completely indifferent about market forecasts. I just pick individual stocks and usually hold them for many years in the future. My focus is very narrow in the investment field " buying high margin of safety stocks" for my clients. My sole criteria for my picks are disclosed corporate financials and the financial news. Nothing else. I never communicate with anyone from corporate investor relations or read management opinions about their companies since I am not interested in paid cheerleaders. Also hypothetically all material corporate news should be publicly disclosed otherwise that would be insider information If the markets rains or shines it does not matter to me as long as the companies I pick improve their financial fundamentals relative to their market prices. I
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Replying to: tagman (Jan 08, 2009 10:22 am) Hope everything goes well. Except I may have some bad news for you. I read somewhere that the Honda hybrid CR-Z coupe is cancelled. I will have to google up my source but right now I am kind of pressed with time. Take care.
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Replying to: dewey (Jan 09, 2009 1:42 pm) Honda Axe Regards, OW
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Replying to: circlew (Jan 09, 2009 1:48 pm)
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Replying to: dewey (Jan 09, 2009 1:15 pm) Certainly not with OPEC and the with the increase of if oil companies being nationalized worldwide. What I meant was Certainly not with OPEC and with the increase of oil companies being nationalized worldwide. |
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Replying to: garyh1 (Jan 05, 2009 8:59 pm) I am sure that I am biased as I drive the A8L, but I cannot believe you prefer COMMAND vs MMI. While it has been upgraded from the past, to me MB still cannot compete with MMI's simplicity, which is still much harder than the touch screen on the Lexus. Regarding the looks, I do like the new A8 grill, but I also REALLY like the front of the S550.
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