Dollar/Baht

[touristman 1]

Really? this thread has everything from Levis to movies - Where your outrage there?

 

Again - Put up or shut up...

 

Why should i have 'outrage' ?

 

What are you on about?You're crazy mate.You have a very muddled mind.

 

I reiterate that i simply posted regarding the 'Dollar / Baht - HUGE move?' title thread.And i reiterate that, you Sir, are an idiot.

[cowboy 0]

Mr Mango,

 

The oil industry denies it but they manipulate prices. The law of supply and demand does not function properly when dealing with oil prices. For the last 20 years the major oil companies have been working to eliminate anything or anyone that gets in the way of coordinating oil prices. ANd they have been doing a good job of it. while not entirely successfull the major players now control a greater percentage of the product lines from crude oil to producer than at any time since the original standard oil company.

 

As for a caribean refinery, the only one I can think of you referring to is in puerto rico. at 77,000 barrels a day that is very small in US production terms. and the output is not sent to anywhere but us locals.

 

 

the refinery is part of shells acqusition of smaller refinerys.

 

http://www.shellchemicals.com/magazine/1,1..._id=111,00.html

[MrMango 672]

Mr Mango,

 

The oil industry denies it but they manipulate prices. The law of supply and demand does not function properly when dealing with oil prices. For the last 20 years the major oil companies have been working to eliminate anything or anyone that gets in the way of coordinating oil prices. ANd they have been doing a good job of it. while not entirely successfull the major players now control a greater percentage of the product lines from crude oil to producer than at any time since the original standard oil company.

Not sure I agree with you on this. The biggest players of course, are the OPEC Countries and they have a hard time controlling the price of crude. The major oil company's are fiercely competitive and while they make a lot of money, the % of profit per gallon sold is not that much.

 

As for a caribean refinery, the only one I can think of you referring to is in puerto rico. at 77,000 barrels a day that is very small in US production terms. and the output is not sent to anywhere but us locals.

the refinery is part of shells acqusition of smaller refinerys.

 

http://www.shellchemicals.com/magazine/1,1..._id=111,00.html

 

I'm sure that you are right there. I was going from memory of a article that I read a while ago, but it does not make any difference. Europe simply taxes fuel far higher than the U.S., resulting in prices that are double or triple that of the U.S.

[Owen` 2]

I was well aware that once Bush arrived on the scene that stocks like Halliburton (and other war profiteers) and all the Oil stocks / 'Defence' stocks would go through the roof.

 

I think there may be an absence of understanding about this matter. This link below provides a chart of Halliburton's stock price. By setting the calendar date at the bottom right of the screen you can select and observe performance since January 20, 2001, the day Bush took office.

 

http://www.smartmoney.com/eqsnaps/index.cf...&symbol=HAL

 

The chart is back adjusted for a split in 2006. The dividend payout over the time period has been roughly 1%, which is also reflected in the chart and prices quoted.

 

You will note that the price of Jan 20, 2001 was about $19/share. The closing price this past Friday was about $29/share. This is approximately a 50% gain in 6 years. That averages to 8.3%/yr. But, of course, in the world of compounding it is not average gain that matters. It is compounded gain. That can be determined by calculation to be roughly 7% (1.07 ^ 6 = 1.5).

 

A 7% compounded rate of return . . . I am confident no one in the world of investing . . . would call "going through the roof". In fact, I am confident UK real estate, with real roofs, has hugely exceeded that rate of return in most major urban areas. There is thus no factual evidence of Halliburton achieving explosive stock price growth over the relevant 6 years.

[MrMango 672]

Owen -

 

You just know that you are going to catch a whole lot of shit over this. It does not fit the Waco's preconceived mold, so it must not be true, after all BUSH LIES!

[touristman 1]

I think there may be an absence of understanding about this matter. This link below provides a chart of Halliburton's stock price. By setting the calendar date at the bottom right of the screen you can select and observe performance since January 20, 2001, the day Bush took office.

 

http://www.smartmoney.com/eqsnaps/index.cf...&symbol=HAL

 

The chart is back adjusted for a split in 2006. The dividend payout over the time period has been roughly 1%, which is also reflected in the chart and prices quoted.

 

You will note that the price of Jan 20, 2001 was about $19/share. The closing price this past Friday was about $29/share. This is approximately a 50% gain in 6 years. That averages to 8.3%/yr. But, of course, in the world of compounding it is not average gain that matters. It is compounded gain. That can be determined by calculation to be roughly 7% (1.07 ^ 6 = 1.5).

 

A 7% compounded rate of return . . . I am confident no one in the world of investing . . . would call "going through the roof". In fact, I am confident UK real estate, with real roofs, has hugely exceeded that rate of return in most major urban areas. There is thus no factual evidence of Halliburton achieving explosive stock price growth over the relevant 6 years.

 

Fair enough that Halliburtons stock price has fallen recently, because even the Mr Mango's of this world are now aware of 'some' corruption and the fact that the Dems have got some oversight (starting a day or 2 ago) means that the days of the complete anal rape of America and Americans and the fodder troops are drawing to a close.If i were an investor in this scum war-profiteering company, i would sell now too.

 

http://www.halliburtonwatch.org/

[farang1 7]

The dollar/baht exchange rate yesterday morning was 35.15 to a dollar. This morning it is 35.97. That's the biggest one day move either way that I have seen for years. I hope it keeps going in this direction.

 

Too bad it didn't work out that way.

[jacko 8,822]

Too bad it didn't work out that way.

That topic is 5.5 years old.

[chatkeow 28]

That topic is 5.5 years old.

 

Pity its not around 35 today.........

 

With same £/$ today ratio we'd be on around 56.

 

Oh for the days of 75 to the £ back around 2005 (or even 90 in 1997 !)......Many including myself should have been loading their Thai accounts !!

[BigDUSA 71]

First trip to Thailand way back 1999. I got 45 Baht to the dollar.

[tomcat76 327]

I particularly liked the comment back in 2006 about the "'next' admin" paying down the debt. (In line with the mindless, incessant, cult-like anti-Bush drumbeat of the day.) Well, here we are - the next admin is here (and maybe almost gone!), and guess what? The debt is bigger than ever (and the rate has gone from 35+B/$ to 30+B/$). MUCH bigger debt than it was in 2006, or 2007, or 2008, or 2009 (when our arch-villain Mr. Bush left office). But I know I know - Bush is still to blame for it all... And will be a hundred years from now... BO could set up a printing press and start counterfeiting $1000 bills himself, and Bush would STILL be to blame for it. Oh wait - he doesn't have to counterfeit them - he can print them legally! And HE IS!! Still Bush's fault though. C'mon - we KNOW it is!