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2015-01-18 Economy

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Posted by badanov 2015-01-18 00:00|| || Front Page|| [11132 views ] Top

#1 Thanks Badanov. Not that we needed further evidence that the recent price reductions at the pump are temporary.

SUNCOR (SU) has increased it's annual dividend 8 of the last ten years. Their quarterly dividend now sits at .28 cents per share. Not intended as an endorsement, but certainly a good sign.

Posted by Besoeker 2015-01-18 03:33|| 2015-01-18 03:33|| Front Page Top

#2 Might be a good time to fill up the strategic petroleum reserve, might make a few bucks in a few years.

Posted by Shipman 2015-01-18 06:19|| 2015-01-18 06:19|| Front Page Top

#3 When money was growing on trees even for junk-rated companies...

Doesn't seem to stop for the Beltway. Apparently, based on the Donk party donor list, Wall Street still believes in it too.

Posted by Procopius2k 2015-01-18 08:17|| 2015-01-18 08:17|| Front Page Top

#4 The oil industry, and the prices thereof will recover some, but I do not think we will see $4 gas for some time, maybe ten years or more.

The individuals and companies which accrued so much debt will suffer, and maybe even get bought out or go bankrupt, but many companies will survive and morph as they find new opportunities to make money.

I have every faith in American capitalism to grow from this price break.

Posted by badanov 2015-01-18 08:38|| http://www.chriscovert.net 2015-01-18 08:38|| Front Page Top

#5 I have every faith in American capitalism to grow from this price break. Posted by badanov

Yes, in spite of the beltway thieves. Just think where we might be with honest, effective leadership.

Posted by Besoeker 2015-01-18 08:43|| 2015-01-18 08:43|| Front Page Top

#6 I have every faith in American capitalism to grow from this price break.

Not if the Beltway Party of Tax, Tax, Tax can help it. More money to steal. Why do you rob banks? That's where the money is. Why do you keep taxing? That's where the money is. How many poor indigent congresscritters leave the farm?

Posted by Procopius2k 2015-01-18 09:53|| 2015-01-18 09:53|| Front Page Top

#7 All that was needed was some leadership and a tariff. But Obama's good with this outcome. Instead of a vigorous oil industry that's keeping its products onshore and a blooming advanced energy R&D sector, we have layoffs and contraction.

Posted by KBK 2015-01-18 10:08|| 2015-01-18 10:08|| Front Page Top

#8 Why do you think they inflate these credit bubbles? It's so they can tax more.

Without exponential credit you'd see the results of your governments taxation of the "economy".

Posted by Bright Pebbles 2015-01-18 10:11|| 2015-01-18 10:11|| Front Page Top

#9 Rewind to the 1970s. When the domestic energy sector stops producing, expect the Saudis to twist the knife.

Production cuts to not just swing the price of oil back up but to cause fuel shortages in every neighbor hood, long lines at the pump, gas rationing.

If we had leadership that would prepare the US for this, the reserves would be restored and tariffs implemented to keep our energy sector somewhat active.

But expect more Saudi shenanigans.

Posted by Ebbomosh Hupemp2664 2015-01-18 11:14|| 2015-01-18 11:14|| Front Page Top

#10 This bridge zbadMan, the maintenance is killing me. Buy bridge here, pay for bridge here, Simple!

Posted by Shipman 2015-01-18 17:00|| 2015-01-18 17:00|| Front Page Top

#11 I have no doubt gas will go back up; that's why I put aside the same amount from each paycheck for gas how as I did when it was nearly $4/gal.

Posted by Barbara 2015-01-18 17:22|| 2015-01-18 17:22|| Front Page Top

#12 Rewind to the 1970s.

Looks more like the late 80s to me. With the exception that then OPEC was sitting on spare capacity equivalent to around 25% of global demand.

Today? Closer to 2%, if the spare capacity exists at all. Plus seasonal variation is nearly equivalent to present oversupply. Plus natural annual decline from existing wells dwarfs the present oversupply. Etc.

Volatility will be the norm for a while but no one will have to cut production voluntarily to make it happen.

Posted by Sheater Thud2458 2015-01-18 23:32|| 2015-01-18 23:32|| Front Page Top

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22:58 Hupineger Glomomp7489
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