You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Oil Jumps $5 on frugality concerns. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
LeftHander Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-21-08 12:07 PM
Original message
Oil Jumps $5 on frugality concerns.
Advertisements [?]
Edited on Thu Aug-21-08 12:18 PM by LeftHander
HOUSTON - Oil jumped in price $5 today as investors made a mass movement back into the oil futures market. Oil futures speculator Martin Quell said of today's jump, "It is a good thing, you know, this trust fund I have simply needs someplace to invest ridiculous amounts of money in. The oil futures market is like shooting Iraqi's at a check point. It is just so easy. The entry is a bit pricey 10 million at minimum to play but frankly I will never have to work again...and neither will my great grand kids, well they didn't have to anyway but who knows what the world will be like 100 years from now. Now if you will excuse me I have to see a man about a polo pony."

Quell went on to add, "I got out of the oil market when gas prices started spiking and the volume was simply outrageous, folks at the club here decided to take a breather. But the other day they we were chatting over gin and tonics and I said I felt bad about not making shitloads of money this past week. I felt actually guilty. So I tossed in 200 million yesterday and another 150 today."

Quell was interviewed at the gates of Houston's most exclusive country club he spoke from the window of his Hummer.

Across the nation America's conservative elite returned to boost fortunes on the ever rising oil futures market. What was once a gamble is now seen by many super wealthy as a ticket to immortality. The "have-mores" are frantically taking five minutes out of the day to place orders for billions in oil futures. Eileen Monger spoke with us. "It is just the only thing left to do. Five of our six homes in the states have seen little or no value increase due to those silly people at the banks. What are we to do? Times are desperate, I hate to say. My husband is taking delivery of our new motor yacht Tuesday and he already has designers working on the next one. If we don't consume who else will? We can;t just sit back and live on what we have."

Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC