Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

GreatGazoo

(4,413 posts)

6. Worked next to oil wells for a while in the 1980s

Reply to walkingman (Reply #2)

Tue Dec 16, 2025, 01:32 PM

Dec 16

Doesn't smell like health.

I avoided investing in everything for quite a while. The entire market is based on extraction of wealth and resources. Buying index funds is a way avoid having to look at "how the sausage is made" but when we own SPY or QQQ we own Microsoft, FaceBook, Google and other monopolies.

I have some stock in nuclear energy, IMSR, and hope that it can be done safely. Oil companies hate nuclear. Wind, solar and hydro have made good strides but data centers need way too much power.

With my luck, me buying oil will send it to $0. A loss I would gladly live with.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

7 replies

= new reply since forum marked as read

Highlight:

I Never Buy Commodities but Oil just hit $55 [View all] GreatGazoo Dec 16 OP

Most U.S. fracking operations are not profitable VMA131Marine Dec 16 #1

I personally wish it would go to $0...Living it Texas, I see, smell, and drink walkingman Dec 16 #2

Worked next to oil wells for a while in the 1980s GreatGazoo Dec 16 #6

Very dangerous to try and catch a falling knife IbogaProject Dec 16 #3

i sometimes ask people... ret5hd Dec 16 #4

I am very anti oil IbogaProject Dec 16 #5

Finally got one right. GreatGazoo Wednesday #7