About Oil Prices

February 11, 2015 at 10:13 am 1 comment

So someone or a lot of them actually thought that oil prices were going to permanently stay down.

There are several reasons they can’t.  The first is that in an oil-dependent economy if you change the price greatly you have introduced a factor of instability.  Remember, all value is by nature psychological.  [Gold as has been noted often isn’t even actually that rare.]  That means it’s crowd-based.  Psychology depends on language, because it’s an externally judged viewpoint on a guessed interior by means of observed or stated protocols.  Generally the interior, moreover, is guessed by means of supplied possible patterns and explanations; I am stating that this occurs by means of language and its supplied values and definition.

Now for simplicity.  The value of oil is artificial and manipulated.  The first business of governments–like the makers of dictionaries–is stability.  It’s true of business, particularly big business, too.

Will they restabilize at a relatively high price?  It’s in the interest of said companies and governments.  If the economy destabilizes it can tend to be disastrous and usually is because of the fact that ‘reality takes over’ or else people find a way to stabilize it, usually by means of actual money.  At that point deals which depend on promised money are over and of course a whole sector of the economy collapses (that was one of the irrationals that infuriated me for years, and it was simply because I didn’t know about that major portion of the stock market; ‘day traders’ was just a term and certainly didn’t bring to mind a bunch of people living first on adrenaline…

Mutual funds got hit hard in the short term.  I’m so positive that they won’t be in the long term that I simply retained mine.  I’m invested in both OICAX and BRK.B for disclosure purposes.  There will have been some short term plans, speculations and probably even companies started because of the “downfall” of oil that will collapse if it even reaches 75% of its former value; if you’re in one of them, watch for a walkaway point and don’t hesitate.  I don’t even know what they are.  From past experience and some research somewhere between a third and half of such short-term ideas are actually scams (to my viewpoint, which is admittedly rather special).  The mutual funds have already started rebounding nicely, by the way, although I must say 2014 kinda, well, sucked.  For mutuals, I mean.  ETFs to be precise.

A thing to note about 3D printing is that the structural integrity (strength) of what’s produced often doesn’t match what it’s intended to replace.  Case in point is the brace, replacing a brace very similar to an ankle wrap, which is on my left ankle–and is made of leather.  I have some proposed solutions but no one has asked me yet and I’m tired of giving away some sorts of ideas, as is Brian Stableford.

Speaking of whom go to a used book store and look for his name.  He was a great writer.  I can’t recall him being published on other than ACE.  Last I knew he’s still with us, and Hollywood is a bunch of idiots for not making his books into films.  They tend to be relatively short, highly readable and very intelligent.  Did I say Hollywood is a bunch of idiots?…oh, I did.

GCC

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A Note On Change ABOUT USING ANY ADS YOU SEE HERE

1 Comment Add your own

  • 1. samwise davies  |  February 12, 2015 at 3:51 pm

    This is me. IF YOU SEE AN ADVERTISEMENT YOU SHOULDN’T, THIS IS A PAID ACCOUNT. DO NOT NOT NOT NOT CLICK ON ADS. DON’T DON’T DON’T.

    Reply

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