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rosco 357


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U.S. Stocks Rally Most Since April on Oil's Drop, Fed's Outlook

By Elizabeth Stanton

Aug. 5 -- U.S. stocks rallied the most since April as oil retreated to a three-month low and the Federal Reserve predicted inflation will ease through next year.

Sears Holdings Corp. jumped, sending the Standard & Poor's 500 Consumer Discretionary Index to its steepest advance in five years, as crude tumbled for a second day. JPMorgan Chase & Co. and Citigroup Inc. led financial shares to their best gain in a week. All 10 industries in the Standard & Poor's 500 Index rose as the" Fed left its benchmark interest rate unchanged and said it ``expects inflation to moderate'' later this year and next.

``They implied that commodity price pressure would probably remain contained,'' said Frederic Dickson, who helps oversee $23 billion as chief market strategist at D.A. Davidson & Co. in Lake Oswego, Oregon. ``They didn't raise any new risk factors.''

http://www.bloomberg.com/apps/news?pid=20601087&sid=a7AYTv02D1oE&refer=worldwide

rosco 357


Veteran
gypsy wrote:one bans oil drilling and now 20+ years later his son wants to turn it around, even Jeb disapproves, wonder what that is about?



they are saying nancy is telling the dems in private if they need to be pro drilling to get elected its ok, to do that, just now on fox, and i read nancy said after the election and if the dems controll the house and senate, they will work out a drilling and alternative law, so that is why they wait, till the new ppl get in office, well for the banning and drilling , times change as need change too i guess, well im about to leave im tired, jeb was gov of florida so i imagine that is why he does not want drilling off the coast, there, but i think i heard those rigs are 100 miles out, but dont hold me to that number,,.

gypsy


Moderator
you know what i think .. it is a deployto blame the democrats for eight years of his(bushes) failure.. I said before, and so do experts, drilling will not be immediate, that is what exploration means~(ones own fault) it will be years to see a relief,even if it passes~ i so wish there was a quick solution.



Last edited by gypsy on Wed Aug 06, 2008 1:36 pm; edited 1 time in total

rosco 357


Veteran
something will pass but may not be till after the election, i really dont care, they can get oil to market in new areas if it passes if they are already getting big oil close by, so they dont have to run new pipe line a long ways , he said on tv 6 to 12 months to market,,but that is just in places next to places they are pumping now, some guy on tv that sounded like he knew what he was talking about, but i think i posted this,,well they have to start sometime, sooner the better, nancy is telling the dems that because i think 70 percent of the public wants new drilling, is why,, many dems want to drill too, but we will see, no big deal to me, even obama is coming around on drilling , he reads the polls on drilling too,as was said on fox,



Last edited by rosco 357 on Wed Aug 06, 2008 12:03 am; edited 1 time in total

gypsy


Moderator
really! I hope americans..and of course congress ,does not believe ,i think so~?? or I don't care? then why voice ones opinon?
exploration means they have to explore, right? so they don't really know where the oil is? just some where out there,,or could there be?>>> umm never mind~~



Last edited by gypsy on Wed Aug 06, 2008 12:37 am; edited 1 time in total

rosco 357


Veteran
gypsy wrote:really! I hope americans..and of course congress ,does not believe ,i think so~?? exploration means they have to explore, right? so they don't really know where the oil is? just some where out there,,or could there be?>>> umm never mind~~

some places they know there is big oil, they even know now much is off virginia, , virginia wants to drill there, but they dont have a lot of oil, like california does, , they drill off alabama coast for lots of years, and the state makes lots of money off it, and the rigs are so far out, they know there is big oil in oil shale, just as canada now is getting oil from oil sand, they are building a big pipe line from somewhere in canada to chicago, my nephew may go and weld there, u have to have a $100,000 truck rigged up, with good equipment the teamsters approve of, but the teamsters are telling him and he is a member for like half a year now, that some welders up in canada with that rig, make $330,000 bucks a year,,there is a big shortage of welders, he has his choice of places to weld, he wants to go out of state, to the big money , work for a while and save it and build a new house,he will finish college in december, but the teamsters pipe union he is in wants him to weld in welding competition,, he has welded in so much contest, he does real good, but he misses a chance to go make money,,he won the state competion, adn came in 9th in the nation amoung high school welders,but he also welded in college contest, and came in second, by 2 points, he is good, especially with stainless, he passed all teh teamsters test so he makes top money, and he is just 19,, he weld for the teamsters when he is home for a few days ,, mostly at teh power company..



Last edited by rosco 357 on Wed Aug 06, 2008 12:26 am; edited 1 time in total

gypsy


Moderator
so!! does that mean they know for sure there is oil? first they have to explore, or has that already been done?t



Last edited by gypsy on Wed Aug 06, 2008 11:52 am; edited 1 time in total

gypsy


Moderator
you know we are all speculating, we don't know what kind of corruption is happening,,I just hope that someone is smart enough to fix it,,or honest enough) because right now it don't look so good..I know pessimistic is not good, so~paint me another picture~ we are all guesstamating~

rosco 357


Veteran
gypsy wrote:you know we are all speculating, we don't know what kind of corruption is happening,,I just hope that someone is smart enough to fix it,,or honest enough) because right now it don't look so good..I know pessimistic is not good, so~paint me another picture~ we are all guesstamating~

some things they know, they know there is more oil in the rockies than in saudi arabia, in the oil shale, and now have the technology to extraact it, alll they need is the word to go,, they know anwar and know how much oil is there, just need the word ok go , they dont drill to find oil, they have test like sysmic test to tell, some places they know and have known big oil is there, it might be only a few miles from places they are getting big oil now, but cant drill but if turned loose, those are the places that will take 6 to 12 months to bring that oil to market since the oil pipe lines are already out there and they can tap into them in a short while, i saw all this on tv , if they open all the coast they know where the oil is, ,,, they are so far out u cant see them, i dont think,

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