7:1-5 KJV WAS Re: To Tom, with Love

[Guest guest]

"And as an "environmentalist" you have no problem making a profit off the oil companies' lack of morals and the gullibility of the average Joe?"

The profits I make off the oil companies mean I have more to give to environmental causes.

You of all people should know that I give to a lot of environmental organizations.

Also, it's not my fault the average Joe is gullible.

If the average Joe has a newspaper, they can read the stock page and figure out how to invest for themselves. No one is stopping them. Look, I'll even show you how it's done...

http://sify.com/finance/fullstory.php?id=14189327

"Crude oil futures closed above $75 a barrel in New York for the first time today, amid increasing concerns about the Iranian nuclear crisis and a US gasoline supply crunch. "

Conclusion: Here we have a bunch of needless fears again driving the market. A clear money making opportunity. If wee know there is plenty of oil, and if we know that people THINK there is very little of it available, we know that if we own oil, we can sell it to the oil companies at a premium and the oil companies can, in turn, refine the oil sell it to the consumers at a premium.

Thus if you invest in the companies that own the oil reserves and the companies that sell gas, you take a cut of their profits.

"The June contract for light sweet crude closed up $1.48 at $75.17 a barrel -- the highest-ever close for a front-month contract after rising as high as $75.35."

This is what traders are buying oil for. Can you imagine what prices at the pump are going to look like when the refined gasoline hits the market? The stuff we are paying $3.00 a gallon for right now was probably purchased at $63.00 a barrel.

We're talking $4.00 a gallon in no time, and THAT means even more profits for the oil companies.

It already exceeds $4.00 a gallon in parts of California.

The article concludes by saying:

"Mike Fitzpatrick at Fimat USA said trading this week has been 'somewhat frenetic as speculative interests tied onto the fear of extreme US gasoline supply tightness this summer.'"

So here is where FEAR is specifically cited as driving the market.

Remember, if you are an investor: Fear = money out of the consumer's pocket and money into the investor's. At least in this particular situation.

Want proof?

http://today.reuters.co.uk/Investing/FinanceArticle.aspx?type=stocksNews & storyID=2006-04-21T134827Z_01_NOA149663_RTRUKOC_0_ENERGY-BP.xml

"BP set to post strong profits"

"A Reuters poll of eight analysts gave an average forecast of $5.21 billion (2.93 billion pounds) for BP's replacement cost profit excluding one-off items, a 5 percent rise on the same period last year.

"Replacement cost profit excludes changes in the value of inventories, and analysts say this figure, excluding one-offs, best reflects the underlying performance of the firm."

One of the other oil companies is expected to post a 14 billion dollar profit for just this quarter.

Yet, as usual, ignorant consumers blissfully spent their money on frivolous items NOT anticipating that gas prices would rise, and due to energy prices soaring "unexpectedly" they are now literally killing themselves over this make believe "crisis" that only exists in their heads even though the newspaper tells them otherwise every single day...

http://news./s/ap/20060421/ap_on_bi_ge/gas_prices;_ylt=A0SOwmHVv0lERQMAWg1u24cA;_ylu=X3oDMTA5aHJvMDdwBHNlYwN5bmNhdA--

"Rising Gas Prices Hurt Poor Americans Most "

"Late last year, with electricity and home-heating bills soaring, tried to pinch pennies by not taking his high-blood-pressure medications as frequently as prescribed. He soon collapsed and landed himself in the hospital. His wife Edith now makes sure doesn't repeat that mistake, but other spending cuts will certainly be made and the couple has not ruled out selling their car. "

"You have to give things up," she said.

There's no reason they had to give anything up had they saved their money, read the newspaper, or listened to the radio where everything was all spelled out neat and clean for them.

So no, I have no problem making a profit off the oil companies' lack of morals because they have no lack of morals. They are simply following a sound business principle: The market will sell products for what the consumer is willing to pay for them.

And as for the gullibility of the average Joe, everything they need to know about how to get rich they can hear on the radio, read in the paper, or watch on the news.

I was an average Joe just like they were once.

Then I used my brains.

Tom

Administrator

I'm not sure what you're blaming me for.

Tom