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Varchild2008 (85.69)

DRILL BABY DRILL!!!!!

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February 23, 2011 – Comments (3)

The only (DRILLING) going on is occuring in people's portfolios.....
Whether it is Hewlett Packard losing 12% of its Share price value during the day....

Or its the oil sensitive stocks taking a plunge as oil prices skyrocket to no end in site.
Analysts are playing games where one guy says.... $5.00 a gallon gas is coming!!!!

Then the next Analyst comes and says....  $140 a Barrel is coming!!!!
Then yet another Analyst trumps that and says....  $150 a Barrel is coming!!!!

This is supposed to be a *stock market* not (EBAY) or an "Auction House."

SCOTTRADE does not allow me to post up my shares of (F) Ford Motor Company with a Silent Auction and a Gift Basket to whomever offers me the highest bid.

This is the reality we are living in folks... Starvation by Constapation....

It's like Cartoon Old People sitting in Rocking Chairs on the Porch:

Old Man:   "ehhh....Did ya check the Mail Box Martha?"

Old Woman:  "Now Now Dear....I checked it twice this morning and four times this afternoon.... There is no Social Security Check.... But the Government Promises they will send one once the Union Negotiations are finished...So we just have to be patient dear..."

Old Man:  "ehhhh,...... But I'm Starving...."

So what can one do?   What I am doing is sitting here buying on Dips and looking for the Light at the end of this long tunnel.

1)  Saudi Arabia could increase production.........if they feel like it......

2)  President Obama could start issuing oil drilling permits again........if he feels like it....

3)  State Democratic Party Politicians could actually work with State Republicans in State Houses and Senates and Assemblies to work out a compromise on Balancing the Budgets........If they feel like it....

We either balance out the budgets nationwide so that we can look forward to SURPLUSSES of money that can then be used to pay out the Social Welfare System and keep Schools in Operation.....

We either dump the Environmental Regulations and Speed up the Permits,.......Ditch the Zoning Laws....Making Businesses Operate efficiently enough that they are experiencing SURPLUSSES.....

We either keep buying the OIL and NATURAL GAS commodity along with GOLD and SILVER and just plain ignore the entire Stock Market......

Or we do something....  Anything..... and we do it Yesterday....  Cause right now this isn't about

VARCHILD2008's  Stock Portfolio taking a beating and a half.....

This is about America getting itself so deep in Debt and Poverty and Despair that we Americans have no Choice but to Protest in the Streets.

And Frankly... I'd rather we never faced that situation......Where I have to wait in a huge long line to buy a Loaf of Bread.

It's the ECONOMY.....     So STOP with the bickering over "Policial Legacy Making" and start dismantling the Regulatory System now!

3 Comments – Post Your Own

#1) On February 23, 2011 at 6:17 PM, Varchild2008 (85.69) wrote:

Oh and I want to thank everyone for RECing the post I wrote previous to this....

21 is a new personal record.

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#2) On February 23, 2011 at 9:41 PM, Varchild2008 (85.69) wrote:

Bloomberg News says Oil going to $220 a barrel!!!!

Do I hear $230 a barrel?   $230 a barrel???

Come on we have Mid East Turmoil..... We have Oil production stoppages....

$230 a barrel is pea-nuts... Surely there's an Analyst out there....   YES!!!  You sir....  $230...

Ok.... $240 a barrel?     Madam?   YES!!! $240 a barrel..

Do I hear $250 a barrel???  Remember Saudi Arabia could get into a Civil War....

Seriously?  They call this intelligent analysis of the Oil markets.... I call it widespread Panic and Confusion and utter Chaos among Wall Street Analysts and CNBC Pundits.

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#3) On February 28, 2011 at 10:41 AM, IBDvalueinvestin (99.65) wrote:

WLL, BEXP the two stocks with the most bakken oil shale land will drill like mad with oil over $100

WLL oil hedges come off very soon. So it will see a huge jump in profit margins.

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