Oil drops below $130 a barrel

Ok Cybergal, you just spoiled it

 

So how much do you have invested in oil extraction? Nothing? Me neither- run the numbers; it doesn't make any financial sense.
How many drilling rigs and platforms are sitting around in storage? Know of any? Me neither.
How many out of work oil workers have you met in the last few years? None? Me neither.
We live in the same little world Ron, only difference is that I'm willing to recognize and accept reality. You on the other hand...

 

BEXP Nasdaq.
PLLL Nasdaq.

Owned them both since 2006

 

I recieved an e mail from a rich Nigerian oil tycoon that wnts me to help him get his money out of that country......HEHEHE

 

hahahahahaha

I've gotten a couple screams for help from Nigeria also. I told them I didn't feel like helping just now. But I appreciated their offer of $10,000,000,0000,000.00

 

All he wants is
your name
Address
Your bank account number
and possibly your social will be needed..

I get email scams from Nigeria daily... starting to get some from the UK as well..

 

Ever hear of Kinder-Morgan? http://www.kindermorgan.com/
They own the pipeline structures that the oil companies lease to move product. They also own transfer stations and storage terminals as well. I worked for the company they bought out. Ever hear of SFPP? (Sante Fe Pacific Pipeline).
Companies like Kinder-Morgan wouldn't be in business if they had no product to run in the lines or store.

 

Your point?
rx

 

I'm making money on the "high" oil prices from my investments so what's your point?