$100 a barrel

That's OK, wait till the Middle East, South America, etc. runs dry and they have to buy from us and Russia, etc... and yes, we will drill AK till it is dry as a bone too.

It will be quite a challenge to not have a world war over the remaining oil...
 
Regular gas is $3.17/gallon here today. Reports I've read predict $3.+ /gallon prices for all of 2008. Points to a not too happy of a new year for the power boat industry. I expect further shrinkage and consolidation in an already slumping market; especially for those firms who are not diversified in other sectors.
 
Go Aweigh2452 said:
That's OK, wait till the Middle East, South America, etc. runs dry and they have to buy from us and Russia, etc... and yes, we will drill AK till it is dry as a bone too.

It will be quite a challenge to not have a world war over the remaining oil...
Click to expand...

That may be our grand strategery. Run them out before prices get too high and before we suffer too great a crunch and actually develop new technologies for alternate fuels. We need them to run out of resources before nukes are readily available, or we'll be forced to take their nukes away.

By running them out, their economies will completely crumble and there will be anarchy. We need to ensure that the leaders of the terrorist states have something on their minds other than killing the infidels.

Once they run out, their economies crash, and we begin to drill, we will get off our duffs and develop some great new technologies just in time to ween ourselves from the all-but-exhausted oil habit. Then, they will be completely dependent upon us, our energy, and our technology. It makes sense to me.
 
As far as our "strategy" goes, we import more crude oil from Canada than any other Country. In fact of the 15 countries we import from, Suadia Arabia is the only other country in the middle east from which we import a substantial amount of our crude and for now they are one of our "allies". Unfortunately, we do import a lot of oil from Nigeria in Western Africa who triggered off today's run-up with their problems.

The stats are interesting. http://tonto.eia.doe.gov/dnav/pet/pet_move_impcus_a2_nus_epc0_im0_mbblpd_a.htm
 
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A few other tidbits;

1) Lots of oil companies are american. Lots of Americans are getting really rich.

2) Oil is priced in dollars. The US dollar has basically been tanking for the last several years. Part of the rise in oil price is driven by a declining value of the dollar.

3) We are *so* ready for a recession. We are due. Remember, the boom economy of the last few years was fueled by a housing market and home equity loans. Guess what has been happening to that source of ecomonic fuel. Every hear of the annual "Santa Claus Rally" on wall street? This year. . .stock prices have been slumping. BTW: Better check what is going on with your "investment grade bond funds". Lot of that stuff was written with "mortgage backed equities". . and are not *quite* the AAA bonds they were rated. But don't worry too much: Plenty of solid investments out there. Just stay away from "mortgage backed equities" and funds that are heavy into the financial sector.

4) Boat prices: Hmmm. Trend I see is that the rich get richer; and the poor get poorer. Late 20th century Western Civilization has been a notable exception to that fundamental rule. Bascially. . there are PLENTY of rich americans out there. OK, the market of 260DA's may dry up. . .but I bet the 480DB will sell well.
 
Dust off you old copy of Road Warrior.....HBO will be running Thunderdome instead of boxing on Saturday night...."two men enter, one man leaves"

I'm sure glad W signed a mandate for 35 mpg autos...I know how to work on Briggs & Stratton engines, golf carts, and 13 speed transmissions!
 
What kills me is this whole "the rich get richer and the poor get poorer" crap. Go look at the richest Americans and tell me how many of them are "old railroad money" or something. People like Bill Gates, Larry Ellison, Steve Jobs, Michael Dell, Warren Buffet, the dudes from Google, etc. etc. where entrepreneurs that worked hard, took risks others were not willing to take, and now they have to deal with whiners (or wieners) going "the rich get richer..."

Give me a break. People need to go out and do something and stop looking over their shoulder worrying about someone else's boat size. Look in the mirror and make something happen. Bill Gates didn't make his fortune by working 9 to 5, saving 10% of his salary and investing in diversified mutual funds. He started out poor and ended up rich. PUNISH HIM!!!!! Even the Walton family didn't start with gobs of cash.... PUNISH THEM TOO!!!!

On the topic of oil at $100/barrel... I went to the boat tonight and looked at some records for the year... For a 480 DB;

Repairs, maintenance, bottom work, dockage, insurance and upgrades = ~$32K

Fuel = ~$11.5K (152 hours)

Depreciation = ~$70K (1 year)

~$114K for one year... Fuel is about 10% of that.

Oh.. and if you happen to finance this thing, tack another 30-40K on for interest.

Stop complaining about fuel and get the government to send us cash for our depreciation and other stuff.
 
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Gary is the man!! But, the rich do get richer and the poor do get poorer. Its because the rich man has the ambition to do so when the poor man is too lazy to get off his a** instead of complaining about what is not being "GIVEN" to him. I hear it every day in my business :smt013 SB
 
A high paying job in my neck of the woods is not the same as it is in the north east and certainly not on the best coast. Does that mean we should be ridiculed because we adjust our on-the-go time but are still able to enjoy our passion of the water? I left Long Island, NY for good many moons ago and never looked backed (except to gloat) and would probably have a much bigger and newer "YACHT" if still there. I didn't like the place, many of the people there are just plain rude and I "ain't" going back, ever. Life is just too good in the south
 
comsnark said:
A few other tidbits;

1) Lots of oil companies are american. Lots of Americans are getting really rich.

2) Oil is priced in dollars. The US dollar has basically been tanking for the last several years. Part of the rise in oil price is driven by a declining value of the dollar.

3) We are *so* ready for a recession. We are due. Remember, the boom economy of the last few years was fueled by a housing market and home equity loans. Guess what has been happening to that source of ecomonic fuel. Every hear of the annual "Santa Claus Rally" on wall street? This year. . .stock prices have been slumping. BTW: Better check what is going on with your "investment grade bond funds". Lot of that stuff was written with "mortgage backed equities". . and are not *quite* the AAA bonds they were rated. But don't worry too much: Plenty of solid investments out there. Just stay away from "mortgage backed equities" and funds that are heavy into the financial sector.

4) Boat prices: Hmmm. Trend I see is that the rich get richer; and the poor get poorer. Late 20th century Western Civilization has been a notable exception to that fundamental rule. Bascially. . there are PLENTY of rich americans out there. OK, the market of 260DA's may dry up. . .but I bet the 480DB will sell well.
Click to expand...

"there are PLENTY of rich americans out there". In your opinion above what line would you classify the rich. Like what kind of min net worth would a person have, to be in that group?
 
I was listening to some talk shows on the a.m. radio today and caught a little bit about how 1 guy purchased I believe they said 1000 shares and sold them like 4 hours later just so he could be the first one to break the $100 dollar mark. Took a loss of $600 on purpose. It was on a.m. so it was hard to catch it all.
 
Woody said:
... In your opinion above what line would you classify the rich. Like what kind of min net worth would a person have, to be in that group?
Click to expand...

Well, the bar for “Rich” and “Old” keeps changing.

Rich = my current net worth + some more
Old = My current age plus some more
 
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Newbie said:
the rich man has the ambition to do so when the poor man is too lazy to get off his a** instead of complaining about what is not being "GIVEN" to him.
Click to expand...


The "rich" man has the means to become richer. And yes, the "poor man" is lazy, because the government won't do anything about it.

How about the "middle class". I know, there is no middle class.
 
sr360aft said:
I left Long Island, NY for good many moons ago and never looked backed (except to gloat) and would probably have a much bigger and newer "YACHT" if still there. I didn't like the place, many of the people there are just plain rude and I "ain't" going back, ever. Life is just too good in the south
Click to expand...


What are you looking at? Get out of my way!!! Hick

just kidding of coarse.

are we back on this fuel thing again? I thought we settle this two weeks ago.
 
Presentation said:
Your boat budget is $114,000 a year?

Holey Cheerios, Batman! :smt119
Click to expand...

I'm (by far) the smallest boat in my marina and my fuel usage was 'a little more'. My annual 'boating budget' (that's an oxymoron if ever there was one) wouldn't cover a month for most of the boats around mine. It's all relative. I can assure you that none of these guys ponder what government program could benefit them. They are creating opportunities at considerable risks to their time and financial investments.... and more often than not, they win -despite our government standing in their way.
 
Woody said:
"there are PLENTY of rich americans out there". In your opinion above what line would you classify the rich. Like what kind of min net worth would a person have, to be in that group?
Click to expand...


Aha grasshopper the answer lies in this question. . .

What do we call a man that has $999,000,000 ?








A frustrated billionaire.
 
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