Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Oct 6, 2022 1:32:03 GMT -8
Good morning. This morning we have a red pre-market at -0.44% at this moment. Patience.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Oct 6, 2022 1:57:45 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Oct 6, 2022 7:07:00 GMT -8
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4aapl
Moderator
Posts: 3,630
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Post by 4aapl on Oct 6, 2022 10:36:19 GMT -8
The OPEC decision to cut production seems odd. In the past they’ve upped production when prices get too high, both to take advantage of it, but also to cap it, realizing that too high of a price will cause people to look for alternatives, or at least push for more efficient cars, houses, etc. It has been the “keep our monopoly, but don’t make it so painful that things change” mindset. At least that’s what I remember from the last spike above 60, much lower than the past 6+ months.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Oct 7, 2022 2:05:08 GMT -8
The OPEC decision to cut production seems odd. In the past they’ve upped production when prices get too high, both to take advantage of it, but also to cap it, realizing that too high of a price will cause people to look for alternatives, or at least push for more efficient cars, houses, etc. It has been the “keep our monopoly, but don’t make it so painful that things change” mindset. At least that’s what I remember from the last spike above 60, much lower than the past 6+ months. I’m sorry 4apple, after a great deal of self debate over how to word a response I realize that it can’t be done without it becoming a polarizing political discussion. But I believe that this is and will continue to become more and more obvious to everyone over time. I see everyone on the world’s stage jockeying for position. Logic and reason may only be apparent to them.
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Post by silkstone on Oct 10, 2022 4:18:57 GMT -8
The OPEC decision to cut production seems odd. In the past they’ve upped production when prices get too high, both to take advantage of it, but also to cap it, realizing that too high of a price will cause people to look for alternatives, or at least push for more efficient cars, houses, etc. It has been the “keep our monopoly, but don’t make it so painful that things change” mindset. At least that’s what I remember from the last spike above 60, much lower than the past 6+ months. They’re in cahoots with putin, trying to screw the west and make as much money as they can in the process. It’s an easy decision for a pack of thieves. By raising gas prices, they can knock the west down a few notches while only lowering themselves by a couple, thereby “winning”. EV’s are not what they want for a future imo.
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