Oil Price Watch

[uls]

MONS:

Now back for a regular reality check...

Oil dips below US$ 100... Day of Rage goes PFFFTT.

ya, day of rage becomes day of not-much-happening

[tidus1203]

Yeah people who lack greed will not prosper. Cause greed is the fuel of PROSPERITY. NO GREED, NO PROSPERITY. Kung kung kuntento ka na sa ganyan and you lack greed eh di hangang dyan ka na nga lang talaga...

[padone]

Yeah people who lack greed will not prosper. Cause greed is the fuel of PROSPERITY. NO GREED, NO PROSPERITY. Kung kung kuntento ka na sa ganyan and you lack greed eh di hangang dyan ka na nga lang talaga...

what?

i can prosper without being greed. in fact i am!

http://en.wikipedia.org/wiki/Greed

Greed is an excessive desire to possess wealth or goods with the intention to keep it for one's self. Greed - like lust and gluttony - is a sin of excess. Greed is inappropriate expectation. However, greed is applied to a very excessive or rapacious desire and pursuit of wealth, status, and power.
As a secular psychological concept, greed is an inordinate desire to acquire or possess more than one needs or deserves, especially with respect to material wealth.

http://en.wikipedia.org/wiki/Prosperity

Prosperity is the state of flourishing, thriving, success, or good fortune. [1] Prosperity often encompasses wealth but also includes others factors which are independent of wealth to varying degrees, such as happiness and health.

[uls]

hahaha

nagpost pa ng definition

[padone]

hahaha

nagpost pa ng definition

nyahaha!

di ko kasi alam kung ano ang ibig sabihin ng greed and prosperity sa post niyo ni sir tidious

[uls]

nyahaha!

di ko kasi alam kung ano ang ibig sabihin ng greed and prosperity sa post niyo ni sir tidious

ya i'm sure you're very prosperous

you probably make millions of pesos per month

after buying your basic needs, you give away the excess money coz you're not greedy

[padone]

ya i'm sure you're very prosperous

you probably make millions of pesos per month

after buying your basic needs, you give away the excess money coz you're not greedy

your right sir i am prosperous but not in economic notions about prosperity.

Economic notions of prosperity often compete or interact negatively with health, happiness, or spiritual notions of prosperity. For example, longer hours of work might result in an increase in certain measures of economic prosperity, but at the expense of driving people away from their preferences for shorter work hours.[2] In Buddhism, prosperity is viewed with an emphasis on collectivism and spirituality. This perspective can be at odds with capitalistic notions of prosperity, due to their association with greed.[3] Data from social surveys show that an increase in income does not result in a lasting increase in happiness; one proposed explanation to this is due to hedonic adaptation and social comparison, and a failure to anticipate these factors, resulting in people not allocating enough energy to non-financial goals such as family life and health

http://en.wikipedia.org/wiki/Prosperity

[tidus1203]

You could use the dictionary all you want. GREED fuels PROSPERITY is my belief. Not everyone agrees but looking at their situations I am not surprised...

Kung naka Vios ka lang and suddenly you feel the want for a Camry. THAT IS GREED ALREADY (the urge to want more). If your are just a regular 9-5 office worker then that Camry is out of your reach. So likely you quit and start a business hoping to make more money and finally get the Camry. THAT IS GREED! And that leads to prosperity...

[padone]

You could use the dictionary all you want. GREED fuels PROSPERITY is my belief. Not everyone agrees but looking at their situations I am not surprised...

Kung naka Vios ka lang and suddenly you feel the want for a Camry. THAT IS GREED ALREADY (the urge to want more). If your are just a regular 9-5 office worker then that Camry is out of your reach. So likely you quit and start a business hoping to make more money and finally get the Camry. THAT IS GREED! And that leads to prosperity...

ok sir.

my belief is you can be prosperous without being greedy.

[safeorigin]

well, there are different levels of "greed"

can be just the right amount of "greed" that'll make you sufficiently successful

OR

pathological greed that leads to financial terrorism(wall st.) and kleptocracy(dictators)

[padone]

well, there are different levels of "greed"

can be just the right amount of "greed" that'll make you sufficiently successful

OR

pathological greed that leads to financial terrorism(wall st.) and kleptocracy(dictators)

as the scriptures says "LOVE of money is the root of all kinds of evil"
1 timothy 6:10

[safeorigin]

but accumulation of wealth is not evil per se

do note that we use the term "greed" for the lack of word for it

also it can merely be the desire to prosper through honest means

or the need to protect your own wealth

or needs, wants and desires <--- very important in economics

"greed" doesn't automatically mean that you're obsessed with money

it is a necessity to prepare for unexpected events such as natural disasters or as a means to improve your wellbeing

by merely surviving for today, that doesn't guarantee that you'll survive tomorrow

I'm pretty sure you're familiar with the parable of talents

we use "greed" in the same context as what the first 2 servants did

[anonemus]

Now back for a regular reality check...

Oil dips below US$ 100... Day of Rage goes PFFFTT.

I hope this trend continues!

since protests began in Egypt in Feb, global oil markets had a lot of bullish activity

anybody who follows the markets would be familiar with these: USO, BNO, USL, OIL

those who don't know what those are, google oil ETFs

so what's my point?

those are just some players in the oil futures market

they're funds. HUGE FUNDS. they buy and sell oil futures. they're not commercial users. they don't take delivery of oil. those are just 4 of many oil ETFs

they're so big that when they buy, they can drive oil prices higher

and when they sell, they can send oil prices falling

they are NOT oil companies. they're bigger than oil companies

whose money are in those funds? investors. our money

all that cartel collusion talk is repetitive and boring

the new power players in the oil market are funds

people who tell you oil prices are dictated by oil companies or OPEC are stuck in the last century

Very useful graphs. Now this makes me more curious as to who are those investors. As the ICE is composed of both oil companies and investment funds, I wonder if you have any data to show the percentage of investment from both sectors?

well, there are different levels of "greed"

can be just the right amount of "greed" that'll make you sufficiently successful

OR

pathological greed that leads to financial terrorism(wall st.) and kleptocracy(dictators)

Very well put.

And this applies to both personal and corporate levels.

These are corporations that do business that practice the right amount of greed in order to gain profit, while practicing corporate social responsibility.

And there are the types of corporations/investment funds/speculators (which dominates Wall Street) which are pathologically greedy (I like the term 'voracious' greed better) and will do anything to maximize profit regardless of the social cost.

Now they're moving into food commodities at walang pakialam if food prices become more unaffordable for most consumers.

Remember Rogelio, the Filipino jeepney driver featured in the BBC video?

http://www.bbc.co.uk/programmes/b00z08wd



He netted P600 a day driving, and most of this goes to buying food. This was before the gas prices shot up. I wonder how his family is living nowadays if his net goes down to P400 a day.

This is the effect of voracious greed in this global economy.

[Monseratto]

Bakit takot gamitin ang word "greed" ng mga catholic faithful at sa mga takot sa simbahan...

Greed is one of the Seven Deadly Sins, also known as the Capital Vices or Cardinal Sins, is a classification of objectionable vices that have been used since early Christian times to educate and instruct followers concerning fallen humanity's tendency to sin. The currently recognized version of the list is usually given as anger, greed, sloth, pride, lust, envy, and gluttony.

Pero greed best describe ones desire to climb up the social ladder, for material wealth, and the comfort and prestige that goes with it. So "Greed is good".

[tidus1203]

And that is why most Catholic majority nations are THIRD WORLD. Like the Philippines cause they think GREED is to be feared or avoided...

[anonemus]

^ Di na uso yang THIRD WORLD na term. Ginamit lang yan nung panahon na meron pang SECOND WORLD (USSR and their satellite countries). Eh nag collapse na yung SECOND WORLD in the 90s.

Ang gamit ngayon eh DEVELOPED COUNTRIES and DEVELOPING COUNTRIES.

[uls]

coz Catholic teachings turn people into sheep

sheep get slaughtered



the world is run by wolves



[ame="http://www.youtube.com/watch?v=Muz1OcEzJOs"]YouTube - Gordon Gekko -Greed is Good-.MP4[/ame]

The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much.

[Monseratto]

This is the effect of voracious greed in this global economy.

That is why there are voracious but rich countries like the United States and China, they are never satisfied and always developing. Those who prefer to live the simplistic life are often run over and left behind.

[anonemus]

the world is run by wolves

Unfortunately, you're right.

But there is a growing set of investors who have chosen to break from the pack. They're called socially responsible or ethical investors:

Socially responsible investing, also known as sustainable, socially-conscious, or ethical investing, describes an investment strategy which seeks to maximize both financial return and social good.
In general, socially responsible investors favor corporate practices that promote environmental stewardship, consumer protection, human rights, and diversity. Some (but not all) avoid businesses involved in alcohol, tobacco, gambling, weapons, and/or the military. The areas of concern recognized by the SRI industry can be summarized as environment, social justice, and corporate governance (ESG).

http://en.wikipedia.org/wiki/Sociall...ible_investing


And there are billionaires--far, far richer than Gekko--who are helping make a difference



http://www.bbc.co.uk/news/world-us-canada-10870361

Among these billionaires, Bill Gates is doing something for the sheeps

[anonemus]

That is why there are voracious but rich countries like the United States and China, they are never satisfied and always developing. Those who prefer to live the simplistic life are often run over and left behind.

Its not simply a lifestyle choice. There is a middle ground that we can call moderated greed. Pwede naman sana tayong like Thailand, Indonesia, Malaysia and Singapore. We were more progressive than them back in the 50s.

Case in point: Sa usaping bigas na lang. Thailand is one of the world's biggest exporter of rice while Pinas is one of the biggest importer of rice. Did you know UP rice scientists in the 60s taught the Thais how to produce rice better?

But because we have pathologically greedy politicians and businessmen (remember GMA?), kulelat tuloy ang Pinas.