https://www.kleenkuip.com/forum/ Copyright (c) 2006-2013 Web Wiz Forums - All Rights Reserved. Sun, 21 Jun 2026 21:02:21 +0000 Sat, 10 Jan 2009 01:31:21 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 12.06 360 https://www.kleenkuip.com/forum/RSS_post_feed.asp?TID=5549 https://www.kleenkuip.com/forum/forum_images/web_wiz_forums.png https://www.kleenkuip.com/forum/ https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151375&title=price-of-gas-at-the-pump#151375 Author: duckcountry
Subject: 5549
Posted: 10/January/2009 at 1:31am

If the back of the unions is broken in America, the buying power of the common man goes away.  Fat rich cats who will be left with the money won't be buying all the cars made to keep any car manufacturers going.  We really need global involvement in another "War to End All Wars".  The US Govt will then come to the rescue as the biggest consumer with the deepest pockets and put some to work and unfortunately some to death as sacrifices to the God of War.  Barbarism - we never outgrew it.  The poor, they have no bread.  Let them eat cake.


Edited by duckcountry - 10/January/2009 at 1:32am]]> Sat, 10 Jan 2009 01:31:21 +0000 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151375&title=price-of-gas-at-the-pump#151375 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151366&title=price-of-gas-at-the-pump#151366 Author: Superglide Ken
Subject: 5549
Posted: 09/January/2009 at 3:16pm

Even if GM shuts down 1/2 the assembly plants that make trucks and SUVs whats left will easily be able to meet the reduced demand in the market. Scaling back and reducing costs is a process that is drawn out and takes time, but the end result will be a stronger company that can make more profit on smaller volume and be around for the long haul. Bottom line is that GM will have the same labour cost per vehicle as Toyota and Honda before this year is out. That would not have happened if this depression had not happened. There is a silver lining in every dark cloud. ]]> Fri, 09 Jan 2009 15:16:51 +0000 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151366&title=price-of-gas-at-the-pump#151366 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151365&title=price-of-gas-at-the-pump#151365 Author: duckcountry
Subject: 5549
Posted: 09/January/2009 at 1:49pm

That would be good.  Too bad your optimism is not shared by companies like Enterprise car rental who is their number one customer who buys all of the models GM makes and having prepaid for one year's purchases is so concerned that they will ever see the cars and due to bankruptcy rules will not see the cash back, they were going so far as to have their 75000 employees write to their congressmen, providing them with the text to do so, increasing the chances that their lack of foresight in making purchases won't blow up in the face of the Enterprise executive staff.  Now with the band aid given to GM the car rental company is just praying they get all of their cars before the anticipated BK in March or April.  National and Alamo lease their cars from GM and in fact it has much to do with how they are able to do their one-way rentals.  Without the survival of the big three at least three large car rental companies will become a mere whisper of their current size and they could join rental companies like Ugly Duckling and Rent-A-Wreck with aging inventory they can't sell without taking a loss.

I have family and friends at Enterprise (they employ about as many as Walmart) who tell me about the convulsions that company is experiencing as it begins to shrink down to 60% of it's current size.  That is the only way you can get the info on Enterprise since it is privately held.

Keep your fingers crossed Kenny that you don't lose all of that $39000.  You do know the plants they are shutting down are the SUV/Truck producing plants, right?  As long as they keep on making buses and cities have great tax revenue to purchase those buses with - oh wait -- cities are in need of a bailout too.  Wonder how this is all going to sort itself out.
]]> Fri, 09 Jan 2009 13:49:49 +0000 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151365&title=price-of-gas-at-the-pump#151365 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151357&title=price-of-gas-at-the-pump#151357 Author: Superglide Ken
Subject: 5549
Posted: 09/January/2009 at 1:43am

duckcountry wrote: BTW Kenny, how is that $5k you purchased in GM doing?

What do you mean $5K Mike? I purchased 10,000 shares at $3.90 a share. That is $39,000. So far, so good. GM's sales are turning around. They were only down 31% last month. Sales of their SUVs and trucks were up, and since that is where most of their money is made, I expect them to reach break even by the 2nd quarter this year. That is when their shares will go up over $10 each . ]]> Fri, 09 Jan 2009 01:43:55 +0000 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151357&title=price-of-gas-at-the-pump#151357 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151356&title=price-of-gas-at-the-pump#151356 Author: duckcountry
Subject: 5549
Posted: 09/January/2009 at 1:32am

BTW Kenny, how is that $5k you purchased in GM doing?]]> Fri, 09 Jan 2009 01:32:55 +0000 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151356&title=price-of-gas-at-the-pump#151356 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151354&title=price-of-gas-at-the-pump#151354 Author: duckcountry
Subject: 5549
Posted: 09/January/2009 at 1:26am

and in the US oil surpluses were 9 times the expected levels.  Therefore oil took a dump today to correct the higher options prices futures gamblers attempted to take it to.

Sure glad OBama is calling for windfall profit taxes on the oil companies. 
]]> Fri, 09 Jan 2009 01:26:33 +0000 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151354&title=price-of-gas-at-the-pump#151354 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151348&title=price-of-gas-at-the-pump#151348 Author: Superglide Ken
Subject: 5549
Posted: 09/January/2009 at 12:03am

cleanex wrote: Don"t blame Ken, even the experts have no idea why we are in the mess we are in right now.

Actually oil is very close to moving back to where it was last summer. In the fall the usage of gasoline was down 7% year over year. Now it is only down 2% year over year. The lower prices are working to increase consuption again. IMO the usage will be higher year over year again by February. When that happens gasoline will rapidly return to over $2/gal again in the USA and to over $1/litre again in Canada. ]]> Fri, 09 Jan 2009 00:03:06 +0000 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151348&title=price-of-gas-at-the-pump#151348 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151338&title=price-of-gas-at-the-pump#151338 Author: cmaster
Subject: 5549
Posted: 08/January/2009 at 10:25pm

I thought he invented the economy]]> Thu, 08 Jan 2009 22:25:09 +0000 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151338&title=price-of-gas-at-the-pump#151338 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151323&title=price-of-gas-at-the-pump#151323 Author: Hammy
Subject: 5549
Posted: 08/January/2009 at 6:44pm

Kenny is no expert on the economy..................................Soooooooooooooooooooo maybe he should keep his mouth shut!]]> Thu, 08 Jan 2009 18:44:23 +0000 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151323&title=price-of-gas-at-the-pump#151323 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151321&title=price-of-gas-at-the-pump#151321 Author: cleanex
Subject: 5549
Posted: 08/January/2009 at 5:21pm

Don"t blame Ken, even the experts have no idea why we are in the mess we are in right now.]]> Thu, 08 Jan 2009 17:21:58 +0000 https://www.kleenkuip.com/forum/forum_posts.asp?TID=5549&PID=151321&title=price-of-gas-at-the-pump#151321