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Caterpillar is latest victim of sliding oil price
Market Watch ^
| Jan 5, 2015
| Ciara Linnane
Posted on 01/17/2015 7:05:54 AM PST by thackney
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1
posted on
01/17/2015 7:05:54 AM PST
by
thackney
To: thackney
HA! Another Jedi mind trick to try to get Americans to pine for higher gas prices.
2
posted on
01/17/2015 7:07:43 AM PST
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: thackney
That just means more Americans can now afford to buy Caterpillar stocks.
3
posted on
01/17/2015 7:09:05 AM PST
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: Texas Eagle
Just some reality for those expecting a booming economy from lower gasoline prices. Most don’t understand all the indirect jobs and business driven by the oil/gas industry in this country.
4
posted on
01/17/2015 7:11:22 AM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
Possibly the result of not having a cup of coffee yet but I didn't see anywhere in the story what the price fell from and what it fell to.
Ciarra gave us the price of oil but not the price of Caterpillar's stock.
5
posted on
01/17/2015 7:12:12 AM PST
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: Texas Eagle
And oil stocks as well. Those already in retirement may view it differently.
6
posted on
01/17/2015 7:12:58 AM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
Lower gas prices will benefit far more people than it will harm. My heart bleeds for the holders of Caterpillar stock but lower gas an oil prices is a good thing.
7
posted on
01/17/2015 7:14:35 AM PST
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: Texas Eagle
It’s not a mind trick, it’s the reality of there being 2 sides to every story. Cat makes a lot of stuff used by oil drillers, with oil prices low a lot of deposits are no longer profitable, oil drillers are having hard times, which means they aren’t buying as much from Cat. Every drop in price has winners and losers, every rise in price has winners and losers. What makes a price change generally good or bad is basically percentages, more folks win from dropping oil prices than lose, so it’s generally a good thing, but folks still lose.
8
posted on
01/17/2015 7:15:52 AM PST
by
discostu
(The albatross begins with its vengeance A terrible curse a thirst has begun)
To: Texas Eagle
9
posted on
01/17/2015 7:16:14 AM PST
by
thackney
(life is fragile, handle with prayer)
To: Texas Eagle
Too many fail to realize oil prices are falling due to influence of a slowing global economy, particularly Europe and Asia.
Lumber, Copper, and others, those prices have fallen greatly as well.
10
posted on
01/17/2015 7:18:04 AM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
Tough noogies for those in retirement.
At least those in retirement who put all their investment eggs in oil, gas and Caterpillar.
Those of us not in retirement benefit from lower gas, oil and Caterpillar. It means we can afford to buy more. So when the prices go back up, we can benefit from it.
Sorry. Markets go up and down. That's life.
11
posted on
01/17/2015 7:18:26 AM PST
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: Texas Eagle
At least those in retirement who put all their investment eggs in oil, gas and Caterpillar. You still don't understand how wide spread the oil industry helps/hurts many other areas of business.
12
posted on
01/17/2015 7:19:58 AM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
Too many fail to realize oil prices are falling due to influence of a slowing global economy, particularly Europe and Asia.Lower prices will speed up that slowing economy. That's how economies work.
13
posted on
01/17/2015 7:20:30 AM PST
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: thackney
No. You don’t understand markets. They go up and down. They need to go down so people can afford to get in them. Then they go up and those people benefit. Then they go down again so people can get in them. Then they go up so......get the picture?
14
posted on
01/17/2015 7:22:36 AM PST
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: Texas Eagle
Markets go up and down. That's life. I'm not suggesting anything different. I've been through boom/bust before, it is part of the reality of the oil/gas industry.
My point is, don't expect a booming economy because gasoline prices dropped significantly. We have been through big drops in price before. Notice none of the created a booming economy before either.
15
posted on
01/17/2015 7:22:38 AM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
Who said anything about a booming economy? You did. I'm just saying if the economy cannot support high gas and oil prices those prices have to come down.
It's called "reality".
16
posted on
01/17/2015 7:23:51 AM PST
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: Texas Eagle
You dont understand markets. They go up and down. Why do you think I don't understand that? My point is, the industry is not so isolated from other businesses as some people think.
17
posted on
01/17/2015 7:23:58 AM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
Truckers and ordinary consumers will certainly benefit from lower gas prices.
18
posted on
01/17/2015 7:24:56 AM PST
by
AEMILIUS PAULUS
(It is a shame that when these people give a riot)
To: AEMILIUS PAULUS
Unless your trucking business is hauling, water, material, oil, pipe, valves etc for the oil industry.
19
posted on
01/17/2015 7:26:08 AM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
My point is, the industry is not so isolated from other businesses as some people think. Well those people are stupid.
Bottom line is lower gas and oil prices is a good thing for far more people than it's a bad thing.
I'm just not going to shed a tear for Caterpillar or those invested in Caterpillar. Hell, as far as I know, my mutual fund may be invested in Caterpillar. But that just means I will be able to buy more Caterpillar for a while.
20
posted on
01/17/2015 7:28:16 AM PST
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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