Crude
Here they are, folks. The prices of crude oil in constant dollars (adjusted for inflation) since 1869. Never before have they reach today's price level.
Over that period the average price in the US and the world ran about $21 and the median, even lower. When Dubya was inaugurated in January 2000, the price as under $30 a barrel. So, just how is it that the price of crude has tripled during his administration?
Reducing in OPEC production? Nope.
Non-OPEC production? Nope.
OK, then, US demand on world supply? Both are up.
Hmmmm. Just what could it be then?
Well, maybe if we didn't risk capital investments in oil exploration ...
... or let the US dollar get weak against the Euro (and every other currency)...
... and let the price of gold increase about the same as crude oil.
Now you see why oil is called "Liquid Gold"!
And, finally, you ask "Just who might benefit from such a steep increase in the price of crude oil?"
Hey, your guess is as good as mine! But it does make you wonder why these two have such big smiles, doesn't it?
Over that period the average price in the US and the world ran about $21 and the median, even lower. When Dubya was inaugurated in January 2000, the price as under $30 a barrel. So, just how is it that the price of crude has tripled during his administration?
Reducing in OPEC production? Nope.
Non-OPEC production? Nope.
OK, then, US demand on world supply? Both are up.
Hmmmm. Just what could it be then?
Well, maybe if we didn't risk capital investments in oil exploration ...
... or let the US dollar get weak against the Euro (and every other currency)...
... and let the price of gold increase about the same as crude oil.
Now you see why oil is called "Liquid Gold"!
And, finally, you ask "Just who might benefit from such a steep increase in the price of crude oil?"
Hey, your guess is as good as mine! But it does make you wonder why these two have such big smiles, doesn't it?
You're right, investing in stock can make you a lot of money if you're cfearul. I'll walk you through how to do it.1. First, choose your stock. I suggest you go online and look up some stocks. Find a few that sound promising, then make sure you research them thoroughly. (I've got a hunch that all kinds of green technology is going to blow up in the next few years, so I'd start there.)2. Find a stockbroker. Your bank might operate as your stockbroker, or you could look up a stockbroking company.3. Tell your stockbroker what stock you want to buy. He/she may give you some advice; you should take that advice into consideration. Once you're absolutely sure you want to buy that stock, tell him/her. Then you've bought stock.You can be any age to buy stock. Also, a mutual fund is where a lot of people pool in their money to invest.
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