View Single Post
  #23  
Old 12-23-2007, 12:34 AM
fabsroman's Avatar
fabsroman fabsroman is offline
Moderator
 
Join Date: Nov 2001
Location: Maryland
Posts: 7,823
Petey,

I'm not complaining about gas prices because I think they will lead to innovation and a cleaner environment. Honda is ready to release a fuel cell vehicle in 2008 that will run on hydrogen and only emit water. If that car actually works and is feasible, they should outlaw gasoline like they outlawed leaded gasoline. If the rest of the manufacturers cannot keep up, they should be SOL. It really pisses me off that Ford will not be ready to introduce a fuel cell vehicle until 2012 at the earliest.

Some days, I ride 50 miles on my bicycle just for fun. I'm pretty sure I could build up a commuter bike, put some racks on it, and ride to where ever I need to shop at. Trust me, I'm really thinking about it. Not because I cannot afford the gas, but because it seems to be the right thing to do.

I am also willing to bet that the $150K my wife and I have in mutual funds is somewhat invested in oil companies. So, I do have a little stake in it already.

As far as the guys on Wall Street are concerned, I agree that they are to blame for the price of oil, but they are only basing their prices on what they think the world is going to need. Trust me, they don't want to get stuck holding a ton of expensive oil futures when there will be very little demand for the oil because they will have to sell low and lose money. Time will tell how this works out. I almost invested money in ArcherDaniels for ethanol, but decided against it. With that said, I'm going to check out that stock price after I review the board.
__________________
The pond, waterfowl, and yellow labs...it don't get any better.
Reply With Quote