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Oil and water

April 6th, 2010 at 10:32 am

I caught flak elsewhere because I commented that if the price of crude oil is going to go up, I hope it at least reaches $100 per barrel or more before it drops again. And man, people just jumped down my throat!

Granted, my choice of words there are rather poor. I also understand where they are coming from. High prices per barrel translates to all of us paying more at the pump. I've already noticed that I am paying more at the pump too. Have you?

Ah, but that's just it. They don't seem have to noticed that I TOO pay more at the pump.

And no, I do NOT control the price of crude oil, so please don't blame me like it's my fault simply because I'm bullish on oil.

Also, what anyone thinks the price of oil SHOULD be is completely irrelevant. It's going to be whatever it is, and getting upset because it doesn't fit your ideal number of $30 per barrel won't change anything!

Besides, has it occurred to anyone that an artificially low gas price actually INCREASES our dependence on foreign oil? Many other countries pay much more, but that's why they are also much more fuel efficient; because it's economically viable to do so. If you truly want to ween off of foreign oil dependence, YES, you DO want higher gas prices. Because, that's what it will take to make pursuing alternative fuels economically feasible.

Finally, did they even notice why I'm bullish in the first place? Because I am optimistic about the economy recovering? No, I guess that's an inconvenient truth.

So yes, if you have a "conscientious" objection, feel free to NOT trade oil stocks. But please don't go to a stock trading site and tell ME what I can or can not trade!

I know that our perception of the world is often times a true reflection of our own selves, not others, but man, some people are just so incredibly dumb! How in the world they come up with certain "correlations" make no earthly sense to me. How in the world do they manage to live with themselves with such grandiose self-delusions, I have no idea.

Anyways, thanks for letting me vent.

3 Responses to “Oil and water”

  1. ambitioussaver Says:

    I'm with you on your thought process. High gas prices mean less fuel consumption on foreign fossil fuel = better for the environment. Which can lead to finding better ways on doing things more efficiently and in turn eventually be better for the economy. Some people just focus on the short-term effects. But the long term results and the short term results are often VERY different.

  2. Single Guy Says:

    People think about themselves, not about what is better for society as a whole. Although I will say that since a high percentage of crude oil purchases go to corrupt governments, its hard to call higher prices a good thing. If the higher prices would get the country serious about conserving & renewables then it would truly be a good thing. Its just hard to believe that will really happen.

    For now I am into conserving (and doing well at that). A few years down the road when I am mortgage free hopefully the state will have serious programs for renewables, and then I can get a solar (or wind?) system for my home for a decent price. And then get a car (hybrid or all electric) that I can charge overnight (oh, I can dream, can't I?)

  3. Broken Arrow Says:

    Interesting thoughts.

    As you say, people ultimately think about themselves, but if that is the case, then high gas prices is basically the only way to incite these people towards change. Change towards domestic sources of alternative fuel and fuel efficiency. Low oil prices is easy to get used to, but it's certainly not an incentive to change.

    As for corrupt governments, I find it interesting that if it were not for our dependency, these same governments would have been much less accommodating with us. I don't have detailed links, but I recall that Saudi Arabia was once quite hostile to the US, and China is certainly no friend of ours. But money draws us to the negotiation table nonetheless, despite all our differences.

    I don't believe I have all the answers, and I think this issue is more complicated than I am making what I have written here. Still though, it's good food for thought.

    I'm glad you're pushing towards conservation. I too would very much like to push that way.

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