Posted on 01/17/2015 7:05:54 AM PST by thackney
Do you have one that goes back a year? Two years? Five years? Ten years?
Analyst predicts impact of cheap oil: less cargo, lower rates
http://www.todaystrucking.com/analyst-predicts-impact-of-cheap-oil-less-cargo-lower-rates
Moving less cargo is not going to help the trucking industry.
>> That just means more Americans can now afford to buy Caterpillar stocks.
They’ve been on my “watch list” for awhile. They pay a 3.3% dividend at their current price (match THAT at your local savings and loan!) and they’re down ~$30 on the year. P/E of about 13 now.
Of course they could cut that dividend if they fall on hard times, but in ten years their dividend has only grown (from $0.21/share in 2005 to $0.70 now). They didn’t even cut their dividend in 20019 when their shares lost >50% of their value (which they soon recovered, and then some).
Seems to me other sectors Cat is in may pick up because of lower fuel prices, but I assume the ‘pros’ know best.
Haven’t read anything clear about the real sufferers from the low price- those who are locked in to high future delivery. I suppose those who actually use the fuels, transportation, are protected because their competitors are in the same position as they are and no one has an advantage.
Speculators are balanced, or prepared to take the hit.
Click the chart, it links back to the Yahoo source. I picked 6 months because that is close to the time frame that oil prices have been dropping.
And I'm going to enjoy the hell out the smell of that $2.25 gas.
I might even parlay the money that would've gone into my gas tank two months ago into a nice dinner for the Missus and myself.
But something tells me the price of my chicken cacciatore hasn't been cut in half since last time we went.
Have a great day. I will be back in a few hours to taunt you a second time-eh.
conditioning!
High Prices have to be mandatory for essentials - food, energy, medical.
Low Prices/Competitive Prices are mandatory for crap we don’t need and to keep us busy - consumer electronics
If you don’t support high energy prices you are a commie.
I still have not figured out what you think we are arguing about. My purpose for posting the article was not just for you. Have a great day. I paid $1.72 a couple days ago.
Ask the thousands truckers in the oil patch about that, and the many thousands of consumers from Virginia to Idaho who draw a good oil-related paycheck.
If you are saving money at the pump, I say good on you. That's how the market works.
But there are a great many 'ordinary' people who will be squeezed, and maybe wiped out, if things in the patch get real bad and stay that way.
i’m getting tired of the low prices hurt us crowd. artificially high prices on anything to support someones well being is welfare period
True that, but there is hope for a recovery, or at least something back on the investment.
I know folks who put their money into something safe and secure, until Obama stole them blind, They were GM bondholders.
Ordinary consumers yes....but truckers need loads to deliver.
Falling oil’s next victim: banks
http://money.cnn.com/2015/01/16/investing/oil-price-fall-banks-hurt/
...Cheap credit helped fuel the U.S. shale boom, allowing countless energy companies to find oil in new places. Banks also capitalized on economic booms in oil-rich regions like Texas and North Dakota. It would only make sense for these same banks to feel some pain from oil’s downward spiral.
Drilling projects that made sense at $100 may now be losing money, creating headaches for the lenders that financed the expansions. Some highly-leveraged shale companies may even go belly up due to the plunge in oil prices....
Even Wall Street banks are facing questions about the impact of falling oil prices.
While just a small fraction of their total loan portfolio is directly tied to energy lending, Bove estimates around 20% of their investment banking revenue comes from energy....
Gloom. Despair. Agony.
How? Oh how did Caterpillar manage to survive 89+ years, even when oil dropped to as low as $9.00 a barrel back in the 1980s and oil producers were capping pumping wells? How?
Oh the humanity!
You want to point to the words I wrote that claim that? This isn't the end of any indirect industry, or even the oil industry itself.
My point it, it is not going to lead to a booming economy any more than it did the several times it happened in the past.
Yup, more dozing per gallon!
The media wants us to think low energy prices are a bad thing, lol.
Well, we just got a fuel oil delivery today. Price per gallon about $2.60. Checked a bill from last year, $4.00 per gallon. The tank took 160 gallons. So we have $160.00
more to spend on something else (or save or pay other bills).
Gasoline prices won’t stay low forever. It’s interesting that the price of oil suddenly goes way down when they started talking seriously about lifting the oil export ban. I think the Saudis are messing with us.
http://www.wsj.com/articles/oil-export-myths-1421451968
I am waiting for food and airline prices to drop. They are so quick to raise prices on these two industries but very slow to lower prices when they should. CEOs continue to get millions in bonus’ of course.
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