Terp152
Major
- Joined
- Sep 17, 2009
- Messages
- 6,757
And the POTUS is protected by what turned out to be a Keystone Cop like Secret Service.
US/Israel Launches Op Epic Fury Against Iran (4 Viewers)
- Thread starter Desertkiwi
- Start date
mikemiller1955
Lieutenant General
- Joined
- Aug 3, 2008
- Messages
- 17,854
“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” he wrote on Truth Social.
can anyone tell me who is "we"?
I don't understand this comment...I'm not making a lot of $$$ cause gas prices are going up...
is the US making a lot of money over gas prices going up?
I'm thinking Exxon...Chevron...Conoco...or other "Big Oil" industry giants are making a lot of money...but who else...
that's not helping me...what does he mean by "we"?
my portfolio is getting crushed...
can anyone tell me who is "we"?
I don't understand this comment...I'm not making a lot of $$$ cause gas prices are going up...
is the US making a lot of money over gas prices going up?
I'm thinking Exxon...Chevron...Conoco...or other "Big Oil" industry giants are making a lot of money...but who else...
that's not helping me...what does he mean by "we"?
my portfolio is getting crushed...
tdubel
Lieutenant Colonel
- Joined
- Jan 18, 2007
- Messages
- 7,346
Beats me on that other than I think and I mean I think it is talking about the Treasury Balance Sheet and reserves and the oil we produce that is actually sold. If we sell a barrel at market, then the Treasury Balance sheet grows.
One thing about portfolios right now and most investors have short memories. I am only 52, but I can tell you in my 35 years of investment experience, I can point to at least once a decade a crisis that sets my portfolio back. Fortunately, I am not using the money right now, so I have time to wait. That said, I also see the other side b/c in my College Portfolio when my son was entering college was the Covid Crash. After 3 years (his college, I got lucky, he did it in 3), it ended up being working out to a 5% hit, in other words, he saved me by graduating in 3, my portfolio paid for all of about 5%. Now pre COVID, it would have been fully covered had not had the hit.
Long story short, the market only ever becomes worrisome when you have a current need for the money. It is also the other reason that as you age, you need an advisor who is active. In other words, you need to move more to fixed/guaranteed income funds/investments as the years go by. It will eliminate the dips and their adverse effects on your portfolio.
Tom
Desertkiwi
1st Lieutenant
- Joined
- Oct 3, 2009
- Messages
- 4,984
Interesting how one of Iran’s largest neighbours, Pakistan, has so far avoided any missile attacks, especially considering its US connections…..
Combat
Brigadier General
- Joined
- Jun 10, 2005
- Messages
- 11,283
The US has paid trillions for decades to defend Europe and many Pacific countries and they do nothing. It's time to cut bait and let them fend for themselves. Sadly that will never happen because US politicians are invested in spending money to defend the world while they turn their back on us and civilization. Sadly that is world that we live in.
Panzer ace
Colonel
- Joined
- Mar 7, 2007
- Messages
- 9,254
It would be great if that spending was put to good use in the US, but it probably won’t.
Thanks to a terrible political system the vast majority of those funds would be wasted on partisan projects that in the end do not benefit anyone but the politicians who spend it.
Ultimately, I guess it is better to see that money wasted on Americans.
Warrior
Lieutenant General
- Joined
- May 12, 2005
- Messages
- 16,328
I'll take your word for it.Both franchises are still doing okay George