OIL PRICE INVESTMENT - THE LITTLE BLACK BOOK OF MICROCAP INVESTING.
Oil Price Investment
- An act of devoting time, effort, or energy to a particular undertaking with the expectation of a worthwhile result
- the commitment of something other than money (time, energy, or effort) to a project with the expectation of some worthwhile result; "this job calls for the investment of some hard thinking"; "he made an emotional investment in the work"
- The action or process of investing money for profit or material result
- investing: the act of investing; laying out money or capital in an enterprise with the expectation of profit
- A thing that is worth buying because it may be profitable or useful in the future
- outer layer or covering of an organ or part or organism
- The price of petroleum as quoted in news generally refers to the spot price per barrel (159 liters) of either WTI/light crude as traded on the New York Mercantile Exchange (NYMEX) for delivery at Cushing, Oklahoma, or of Brent as traded on the Intercontinental Exchange (ICE, into which the
- (oil prices) Directly (for farm machinery) and somewhat less directly (long distance transport; production cost of agrichemicals), the cost of oil significantly impacts the year-to-year viability of all mechanized conventional farms.
Celebrate oil prices
This letter to the editor of the Chicago Tribune describes what the writer feels are the long-term positive effects rising oil prices will have on social and environmental issues.
People ought to stop grumbling about rising oil prices and consider the many positive virtues of that development.
Increased oil prices inevitably will result in decreased use of automobiles, trucks and airplanes.
That will result in less environmental pollution, less traffic congestion, fewer air travel delays, and fewer deaths and injuries.
It will reduce pressure to build more roads, bridges, airports and parking lots, which will result in more open space, lower taxes and more commercially productive and job-producing land use.
The incentives to create rural subdivision sprawl will be diminished, two important consequences of which will be preservation of farmland and reduced need to increase local school taxes
Consumer interest in mass transit and car-pooling will increase.
People will take more interest in walking and biking, which will produce increased personal fitness and decreased need for medical services.
Political support for serious alternative energy development and for serious research to identify ways to use energy more efficiently would be expected to increase.
More money spent for gasoline and heating oil will mean less money spent for foreign-manufactured goods, particularly non-necessity goods.
That will reduce money flows to foreigns nations and consequently reduce the financial ability of foreigners to bid up the world oil prices.
Reduced spending on non-necessity goods will result in reduced pressure on local landfills.
Reduced use of oil will also make the U.S. less dependent on foreign energy producers, and our political leaders in turn will be less inclined to embarrass us by launching foreign wars.
Our national image both here and abroad will improve.
These consequences obviously are good and will only improve as oil prices increase.
Oil prices increases, therefore, should be cause for celebration.
Robert E. Mann, Geneva, IL
A Century of Oil prices
A century of oil prices in both real and nominal prices
Source BP world review... 2006 or 2007
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