Topic: Oil heading to 57 a barrel, again... (Read 1052 times)

Jack Morris · « **on:** June 16, 2005, 07:40:44 pm »

http://biz.yahoo.com/ap/050616/oil_prices.html?.v=12

Too bad tanker rates are sucking wind right now, usually when oil goes up so do tanker rates. BTW, FRO is DIRT CHEAP right now, and they are acquiring another company!

http://finance.yahoo.com/q/bc?s=FRO&t=3m

http://finance.yahoo.com/q?s=FRO

Check out that dividend yield! Banks can kiss my arse.

Jack Morris · « **Reply #1 on:** June 17, 2005, 12:16:58 pm »

http://news.yahoo.com/s/ap/20050617/ap_on_bi_ge/oil_prices

58 a barrel, and many soothsayers it was going to get sooo much lower after the last rally. Oh well, time to get bent over at the pump again...

Sirgod · « **Reply #2 on:** June 17, 2005, 12:37:44 pm »

I know how you feel about this Jack, But this makes me esstatic. The Oil workers here in Oklahoma have been needing those wages that Higher Oil can provide. I'm glad that they can support there Families abit easier now.

Stephen

Jack Morris · « **Reply #3 on:** June 17, 2005, 06:19:48 pm »

It's two fold for me as I have money invested in the oil sector. I still think the refiners could have invested more in the infrastructure when oil was at the 30's plus level, something to this day they are not even contemplating, and why should they? The gasoline will sell anyways.

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