Cycling and bicycle discussion forums. 
   Click here to join our community Log in to access your Control Panel  


Go Back   > >

Foo Off-Topic chit chat with no general subject.

User Tag List

Reply
 
Thread Tools Search this Thread
Old 11-21-07, 12:24 PM   #1
DXchulo
Upgrading my engine
Thread Starter
 
DXchulo's Avatar
 
Join Date: Aug 2004
Location: Reno
Bikes:
Posts: 5,913
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Would you buy stock in an oil company?

I'm a commuter and the wife and I have "only" 1 car between us. I must admit that I ride my bike for mostly selfish reasons (it's fun, it saves me money, it keeps me healthy, etc.), but I also like the fact that riding to work is better for the environment than driving to work. I'm not a huge environmental activist or anything, but I try to do my part by recycling, not using much electricity, conserving water, etc.

I recently started an IRA and, obviously, I want it to grow as much as possible. I don't want to go too far into the specifics, but I do think there is money to be made in the oil industry. Would it be wrong to buy stock in an oil company? Am I killing the environment by supporting the evil oil industry? Does it not matter because plenty of people will invest if I don't? Is it a good thing to support a company that extracts oil in a more environmentally friendly manner than others, or is supporting any oil company at all the wrong way to go?

What about alternate energy sources? If gas keeps getting more and more expensive surely some of them will take off, right? Is there just as much money to be made there?

Would you think twice about buying stock in an oil company, or would you buy any stock that you felt would make you money?
DXchulo is offline   Reply With Quote
Old 11-21-07, 12:50 PM   #2
ModoVincere
Riding Heaven's Highways on the grand tour
 
ModoVincere's Avatar
 
Join Date: Aug 2006
Bikes:
Posts: 1,675
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by DXchulo View Post
I'm a commuter and the wife and I have "only" 1 car between us. I must admit that I ride my bike for mostly selfish reasons (it's fun, it saves me money, it keeps me healthy, etc.), but I also like the fact that riding to work is better for the environment than driving to work. I'm not a huge environmental activist or anything, but I try to do my part by recycling, not using much electricity, conserving water, etc.

I recently started an IRA and, obviously, I want it to grow as much as possible. I don't want to go too far into the specifics, but I do think there is money to be made in the oil industry. Would it be wrong to buy stock in an oil company? Am I killing the environment by supporting the evil oil industry? Does it not matter because plenty of people will invest if I don't? Is it a good thing to support a company that extracts oil in a more environmentally friendly manner than others, or is supporting any oil company at all the wrong way to go?

What about alternate energy sources? If gas keeps getting more and more expensive surely some of them will take off, right? Is there just as much money to be made there?

Would you think twice about buying stock in an oil company, or would you buy any stock that you felt would make you money?
given today's political climate and the fact that the current tax code will probably change dramatically over the next few years...no I would not.
__________________
1 bronze, 0 silver, 1 gold
ModoVincere is offline   Reply With Quote
Old 11-21-07, 01:00 PM   #3
skiahh
Senior Member
 
skiahh's Avatar
 
Join Date: Aug 2003
Location: CO Springs, CO
Bikes: 08 Stumpjumper FSR Expert, 02 Litespeed Tuscany, 04 Specialized S-Works Epic
Posts: 1,035
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I own some XOM. It's done well....
skiahh is offline   Reply With Quote
Old 11-21-07, 01:07 PM   #4
austropithicus
Guest
 
Bikes:
Posts: n/a
Mentioned: Post(s)
Tagged: Thread(s)
Quoted: Post(s)
Even if it was profitable, I would not buy stock in an oil company. Would you sell crack to children?
  Reply With Quote
Old 11-21-07, 02:03 PM   #5
High Cadence
Ride, baby...RIDE!
 
High Cadence's Avatar
 
Join Date: Mar 2006
Location: Kodiak, Alaska
Bikes: Specialized, Bringheli, Bianchi, Trek, Rocky Mountain, Kona, Burley, Schwinn Paramount
Posts: 67
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by austropithicus View Post
Even if it was profitable, I would not buy stock in an oil company. Would you sell crack to children?
It's probably just me, but that's a little extreme.

Oil is used in many things other than just making a car run. A large majority of items we enjoy today - such as the computer YOU posted the above message on - would not have been able to have been made without oil.

There is no such thing as a non-consumer in todays day and age, no matter how much you try. The simple fact that you are alive means you are a consumer.

Stop being a hypocrite.
High Cadence is offline   Reply With Quote
Old 11-21-07, 02:18 PM   #6
Gee3
Senior Moment Member
 
Gee3's Avatar
 
Join Date: Oct 2005
Location: Daly City, CA
Bikes: Specialized Allez Elite Double & 2008 Look 555
Posts: 1,354
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
If you're gonna buy, XOM is the one to buy. No matter what they always seem to make a profit. Yet curiously they still cry poor mouth when asked about the billions in profits vs. the price of gas at the pumps... Hhhmmm...?!?!
Gee3 is offline   Reply With Quote
Old 11-21-07, 02:29 PM   #7
austropithicus
Guest
 
Bikes:
Posts: n/a
Mentioned: Post(s)
Tagged: Thread(s)
Quoted: Post(s)
Quote:
Originally Posted by High Cadence View Post
It's probably just me, but that's a little extreme.

Oil is used in many things other than just making a car run. A large majority of items we enjoy today - such as the computer YOU posted the above message on - would not have been able to have been made without oil.

There is no such thing as a non-consumer in todays day and age, no matter how much you try. The simple fact that you are alive means you are a consumer.

Stop being a hypocrite.
I don't use any. For example, my computer is made of oak.

Last edited by austropithicus; 11-22-07 at 11:42 AM.
  Reply With Quote
Old 11-21-07, 02:35 PM   #8
sneefy
Cactuar!
 
sneefy's Avatar
 
Join Date: Dec 2006
Location: Wisconsin
Bikes: '04 Iron Horse Hollowpoint, '01 Giant Boulder with all non-original parts, '99 Trek 7500 (frame), Mid '90's? Wheeler MTB frame (anybody want it?), '96 Specialized Crossroads, '86 Schwinn Predator Qualifier, 1976 Viscount Aerospace Pro (no death fork)
Posts: 42
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Oh, God. Don't ask that question here. You will get every fanatic and zealot posting inane rants and nonsensical blabbing about everything anti-oil/car/suv/etc.

Just some friendly advice.
sneefy is offline   Reply With Quote
Old 11-21-07, 02:36 PM   #9
Hobartlemagne 
Spelling Snob
 
Hobartlemagne's Avatar
 
Join Date: Dec 2005
Location: Plano, Texas
Bikes: Panasonic DX4000, Bianchi Pista
Posts: 2,862
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by austropithicus View Post
I don't use any. For example, my computer is made oak wood.
Like this one?

__________________

The first rule of flats is You don't talk about flats!
Hobartlemagne is offline   Reply With Quote
Old 11-21-07, 02:47 PM   #10
CliftonGK1
Senior Member
 
CliftonGK1's Avatar
 
Join Date: Jul 2006
Location: Columbus, OH
Bikes: '08 Surly Cross-Check, 2011 Redline Conquest Pro, 2012 Spesh FSR Comp EVO, 2015 Trek Domane 6.2 disc
Posts: 11,380
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by austropithicus View Post
Even if it was profitable, I would not buy stock in an oil company. Would you sell crack to children?
Can I buy stock in schoolyard crack dealers?
__________________
"I feel like my world was classier before I found cyclocross."
- Mandi M.
CliftonGK1 is offline   Reply With Quote
Old 11-21-07, 02:48 PM   #11
austropithicus
Guest
 
Bikes:
Posts: n/a
Mentioned: Post(s)
Tagged: Thread(s)
Quoted: Post(s)
Quote:
Originally Posted by CliftonGK1 View Post
Can I buy stock in schoolyard crack dealers?
Yes. Send me a check.
  Reply With Quote
Old 11-21-07, 02:53 PM   #12
BikeWNC
Climbing Above It All
 
BikeWNC's Avatar
 
Join Date: Oct 2004
Location: Basking in the Sun.
Bikes:
Posts: 4,146
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I own COP and SLB so yes I would. But I never hold anything forever. Like WalMart, it was wham, bam, thank you Sam!
BikeWNC is offline   Reply With Quote
Old 11-21-07, 02:55 PM   #13
skinnyone
Dude wheres my guads?
 
skinnyone's Avatar
 
Join Date: May 2005
Location: Guess
Bikes: Not enough
Posts: 2,680
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Cleantech/Elan energy funds are the way to go. Had you bought Oil stock 10 years ago, you would have been set..

I wouldnt buy oil stocks or the military-industrial complex. Call it senseless sensibilities.
skinnyone is offline   Reply With Quote
Old 11-21-07, 03:15 PM   #14
Michigander
Senior Member
 
Michigander's Avatar
 
Join Date: May 2005
Bikes: Giant ATX 1200, Schwinn Peleton
Posts: 1,724
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 35 Post(s)
I'm going to transfer my retirement fund from abatement to GE generator fans at some point. You can't go wrong with investing in an industry with no fluctuating prices.
__________________
Bring back the Sig Test!


(\__/)
(='.'=)
(")_(")
Michigander is offline   Reply With Quote
Old 11-21-07, 06:25 PM   #15
Alfster 
long time visiter
 
Alfster's Avatar
 
Join Date: Oct 2005
Location: in the Northern Tundra
Bikes: 2005 Trek 6700 disc 2007 Orbea Onix 2009 Raleigh One Way
Posts: 615
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Yes, I'm currently invested in a junior oil stock and a larger one. Ethics aside, oil prices may dip a bit during a downturn in the markets, however over a 5 year period you can be sure that it will be much higher. Another investment related to oil stocks are the builders of offshore drilling rigs. They're stock will go higher as oil co's have to rely more and more on offshore oil supplies. I hate to say it, however it's an obvious place to put your money into as the world's population continues to grow, developing countries continue to use more oil ... with a rapidly growing demand and oil supplies grow harder to find.

BTW, I used to have some money in an ethical mutual fund. It was my poorest performing investment. I'd rather be able to retire sooner rather than later.
Alfster is offline   Reply With Quote
Old 11-22-07, 10:22 AM   #16
ryder47
Senior Member
 
ryder47's Avatar
 
Join Date: May 2005
Bikes:
Posts: 54
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Environmentalism is great, who's going to argue with that. However this is about financing your later years, so unless the enviromentalist is willing to support your retirement invest your money where you want.

Last edited by ryder47; 11-22-07 at 10:29 AM.
ryder47 is offline   Reply With Quote
Old 11-22-07, 11:06 AM   #17
Stacey
Non Tribuo Anus Rodentum and off to the next adventure (RIP)
 
Stacey's Avatar
 
Join Date: Dec 2002
Bikes:
Posts: 9,162
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
The self serving hypocrisy in this thread is truly farkin' amazing.
__________________
Stacey is offline   Reply With Quote
Old 11-23-07, 12:02 AM   #18
chachokat
Junior Member
 
Join Date: May 2004
Location: Bowling Green OH
Bikes: Cannondale CAAD 7
Posts: 16
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Ummm... correct me if i"m wrong, but unless the stock is from an IPO or a new stock issuing, the oil company does not see dime one(directly) from the transference of stock from one party to another. Buy the stock and don't look back. My 2 cents ---flame suit on.
chachokat is offline   Reply With Quote
Old 11-23-07, 12:57 AM   #19
DirtPedalerB
unofficial roadie
 
DirtPedalerB's Avatar
 
Join Date: Jul 2006
Location: Out in the woods you see
Bikes: 2004 Marin bobcat trail, 2006 trek fuel ex7, 2007 iron horse road bike
Posts: 1,440
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
If I had a time machine the first thing I would buy is oil stock... because how else could I afford to put gas in the time machine.
DirtPedalerB is offline   Reply With Quote
Old 11-23-07, 04:12 AM   #20
patentcad
Peloton Dog
 
patentcad's Avatar
 
Join Date: Nov 2005
Location: Chester, NY
Bikes: 2013 Scott Foil, 2014 Scott Addict, 2008 Cervelo P3 (TT), 2015 Scott Scale 700SL MTB
Posts: 59,433
Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 40 Post(s)
Quote:
Originally Posted by DXchulo View Post
I'm a commuter and the wife and I have "only" 1 car between us. I must admit that I ride my bike for mostly selfish reasons (it's fun, it saves me money, it keeps me healthy, etc.), but I also like the fact that riding to work is better for the environment than driving to work. I'm not a huge environmental activist or anything, but I try to do my part by recycling, not using much electricity, conserving water, etc.

I recently started an IRA and, obviously, I want it to grow as much as possible. I don't want to go too far into the specifics, but I do think there is money to be made in the oil industry. Would it be wrong to buy stock in an oil company? Am I killing the environment by supporting the evil oil industry? Does it not matter because plenty of people will invest if I don't? Is it a good thing to support a company that extracts oil in a more environmentally friendly manner than others, or is supporting any oil company at all the wrong way to go?

What about alternate energy sources? If gas keeps getting more and more expensive surely some of them will take off, right? Is there just as much money to be made there?


Would you think twice about buying stock in an oil company, or would you buy any stock that you felt would make you money?
This implies oil companies are evil. Incorrect.

Only DocRay is evil. Fortunately you cannot buy shares of DR. Sadly you cannot liquidate him either.
patentcad is offline   Reply With Quote
Old 11-23-07, 04:31 AM   #21
crtreedude 
Third World Layabout
 
crtreedude's Avatar
 
Join Date: Dec 2005
Location: Costa Rica
Bikes: Cannondale F900 and Tandem
Posts: 3,074
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 56 Post(s)
I am not an investment advisor and I don't play one on the internet - so I will give you an insider tip. A friend of mine owns many oil wells. He is selling them all and getting out of the business. He said too many people are getting into investing in oil and speculation, which is going to drive down the price.

Now, this might be about owning your own well - or it might be about the overall industry. Not sure.

Investing in oil for me is not the same as investing in tobacco for example. But, overall, since I do have a limited amount of investments (which is true of even Bill Gates) I invest in positive things. My current investment, for the few who don't know, is tropical hardwoods for the purpose of producing lumber and securing the land for a permanent rainforest. Lots of side benefits.

It appeals to me to have my money do more than just make more money - though I will say the returns from growing tropical hardwoods is pretty nice.
crtreedude is offline   Reply With Quote
Old 11-23-07, 09:45 AM   #22
skiahh
Senior Member
 
skiahh's Avatar
 
Join Date: Aug 2003
Location: CO Springs, CO
Bikes: 08 Stumpjumper FSR Expert, 02 Litespeed Tuscany, 04 Specialized S-Works Epic
Posts: 1,035
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by crtreedude View Post
I am not an investment advisor and I don't play one on the internet - so I will give you an insider tip. A friend of mine owns many oil wells. He is selling them all and getting out of the business. He said too many people are getting into investing in oil and speculation, which is going to drive down the price.
Ummm... maybe your friend should stick to oil rather than finance? Speculators and investors increase demand and therefore price. Look at the housing market. Look at current oil and gas prices. Both driven much higher because of "flippers" who pop in, buy stuff, maybe do a little something to improve the product, wait for the demand to drive the price higher, then bail and take their profit.

One of the big reasons house prices now are going down because the investors and speculators are bailing, increasing supply and decreasing demand. Basic econ 101.

How do investors and speculators drive the price down in oil wells/oil?
skiahh is offline   Reply With Quote
Old 11-23-07, 09:54 AM   #23
-=(8)=-
♋ ☮♂ ☭ ☯
 
-=(8)=-'s Avatar
 
Join Date: Feb 2005
Location: 40205 'ViLLeBiLLie
Bikes: Sngl Spd's, 70's- 80's vintage, D-tube Folder
Posts: 7,903
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
No. I wouldnt buy stock in oil no matter how profitable.
But I also dont support killing people or capitalism either,
to keep that opinion in perspective.
__________________
-ADVOCACY-☜ Radical VC = Car people on bikes. Just say "NO"
-=(8)=- is offline   Reply With Quote
Old 11-23-07, 09:58 AM   #24
crtreedude 
Third World Layabout
 
crtreedude's Avatar
 
Join Date: Dec 2005
Location: Costa Rica
Bikes: Cannondale F900 and Tandem
Posts: 3,074
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 56 Post(s)
Quote:
Originally Posted by skiahh View Post
Ummm... maybe your friend should stick to oil rather than finance? Speculators and investors increase demand and therefore price. Look at the housing market. Look at current oil and gas prices. Both driven much higher because of "flippers" who pop in, buy stuff, maybe do a little something to improve the product, wait for the demand to drive the price higher, then bail and take their profit.

One of the big reasons house prices now are going down because the investors and speculators are bailing, increasing supply and decreasing demand. Basic econ 101.

How do investors and speculators drive the price down in oil wells/oil?
One word - bubble. Do you need more? Not sure I would consider someone who started as a roughneck in the oil fields and now is very wealthy stupid when it comes to oil. It is all speculation when you come down to it, but I would tend to bet on him. He thinks $100 is the top for a while. It will be interesting to see if he is right.

After all, at 100 there are other sources that become economically viable.

When the speculators push the value of something beyond its actually value - I flee for solid ground!
crtreedude is offline   Reply With Quote
Old 11-23-07, 10:03 AM   #25
crtreedude 
Third World Layabout
 
crtreedude's Avatar
 
Join Date: Dec 2005
Location: Costa Rica
Bikes: Cannondale F900 and Tandem
Posts: 3,074
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 56 Post(s)
One other point - oil is about supply side. If lots and lots of money gets poured into oil wells and such, that will increase production - right? There is lots and lots of oil available, just up to now it has not been economically feasable to extract it.

But, if you just want to talk a pyramid scheme involving the value of stocks - make sure to get out before it goes too far. Good luck with that.
crtreedude is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -6. The time now is 08:04 AM.