rangerone314 wrote:shortonsense wrote:Sys1 wrote:Easy : 1982 is before peak oil. 2009 is post peak oil.
Oh, I almost forgot something else.
In 1982, we could still think about a better future.
In 2009, every day passing will be worse than the precedent.
Excluding whats happened to the stock market since March though, right?
Who gives a rats @$$ what has happened to the stock market since March?
Me. How else is someone to make a little coin if not to ride the wave as it comes back up? I think I ended up 15% on the year prior to pulling out awaiting the double of the double dip.
rangerone314 wrote:What has happened to the stock market since 1999?
Dec 1, 1999 S&P = 1,397.72
Nov 30, 2009 S&P = 1,095.63
The quote was how every day of 2009 was getting worse and worse, not how over 10 years the S&P500 has done.
rangerone314 wrote:Any thoughts on a 10-year lost decade?
Yes. I didn't start dumping money into S&P500 funds until well AFTER 1999, and I certainly didn't lose the decade, did you? The decade has treated me pretty well, but I didn't get into any of the nonsense, the results of which are still reverberating around the country.
Like I said before, those of us who have lived through a few of these, we know how to do it.
rangerone314 wrote:I thought the stock market was suppose to go up over long periods of time? LOL!
My mom has a financial advisor who certainly claims that. I jump in and out based on whats going on during shorter periods of time.
rangerone314 wrote:World GDP was about 61 trillion in 2008, so that crude oil production eats up like 9% of that?
??
30,000,000 / Day X $80 / BBL X 365 Days = 876 Billion dollars / 61 trillion = 1.4%
rangerone314 wrote:For the US I think it is crude eating up like 10%. If demand in Chindia goes up, combined with falling production in places like Cantarell and higher costs of drilling in places like offshore Brazil, I think $100/bbl oil and higher is easy to see coming.
Go recheck your math, we can calculate the US number later. But at 1.4% it sure doesn't look like even $160/bbl would be that big of a deal.