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VIVIAN, La. – When the town of Vivian served boat builder Vivian Industries Inc. a notice in December that it had 30 days to sell the business or pay the more than $180,000 it owed the town, Mayor Stephen Taylor said he hoped this would speed up the Parker family’s negotiations with potential buyers.
But the mayor’s hopes didn’t come true. In fact, on Sunday, the company’s owners filed for Chapter 7 bankruptcy, according to an article today in The Shreveport Times. And, ironically, now that the town owns the business, the mayor himself will now be continuing those negotiations, the newspaper explained.
Re: Boat builder files for chapter 7 - what a shame
There is no "fix".. It's a matter of supply and demand.. China, and other developing nations are using oil just as fast as we are. I know that some people think the government and big oil are responsible for high prices.. but, it doesn't work that way. Oil is a globally traded commodity.. the price is set by what people are willing to pay for X amount of product. We have enjoyed cheap gas for years, because the demand wasn't there like it is today. Now, with global players such as China on the up and up.. we have to share the world's supply of oil.. This means higher prices. Supply and demand.. The oil companies aren't limiting production.. hell, we import 70% of our oil from foreign nations. Financially, it wouldn't make sense for them to make less product. The price would probably remain the same whether the US produced 10 or 20% more oil.. The fact is.. we're tapped out! Big, gas guzzling toys that the US has enjoyed for so many years are becoming less and less practical.
I still pay to play, but.. at some point, I won't be able to.
Re: Boat builder files for chapter 7 - what a shame
Well snapper the last time I looked the Fuel supplies are controlled by someone called "OPEC" and if you read the news yesterday Opec refused to release more oil in response to a request by the US because US inventory is down. Now if I had control of that I certainly wouldn't be concerned about the price of fuel because I would probably be in the oil industry and recording record profits and loving every minute of it.
Re: Boat builder files for chapter 7 - what a shame
Quote:
oatwnm - 3/6/2008 5:52 AM
Well snapper the last time I looked the Fuel supplies are controlled by someone called "OPEC" and if you read the news yesterday Opec refused to release more oil in response to a request by the US because US inventory is down. Now if I had control of that I certainly wouldn't be concerned about the price of fuel because I would probably be in the oil industry and recording record profits and loving every minute of it.
You are equating the increased cost of gasoline to a crisis. I disagree. It is pain in the wallet, but it is not a crisis.
I think your view of global oil supply, demand, and price influence is over simplified. There are many points of view on this, and who is to say which one is 'correct'? Not me, but I do not think that OPEC holds all of the cards; certainly they are not the only substantial influence on supply. They could be, they since the 70's they have not made that choice.
You have control over how you spend your money, and how you make it. That is your leverage. I cannot control the price of oil, but I can take 25 bucks a week and get in the markets, profiting from it, making it work for me; doing something on my own to effect what I have to pay for fuel by increasing my income. If there is so much money in big oil, then I can change my career and get my hands into that money pool.
Or, I can sit around and complain about it, waiting for someone else to help me. Perhaps you should consider moving to New Orleans, there are many like minds there; of course, one can clearly see how well that mindset worked for them.
Big Al
__________________ "Pedophiles must die" - Ted Nugent
RE: Boat builder files for chapter 7 - what a shame
Not the Parker family from NC.
Arabs are making decisions that serve their own interests, you know, kind of the same way we do. As you know....oil is a non-renewable resource.......so when it's gone, it's gone. As soon as the majority of US automobiles begin running on alternative fuels (non oil based) then those oil producing Arab states will have a lot of black smelly sticky stuff that no one really needs. They have nothing else. That's it........they will again return to dust just as they were before. Tents and camels. Will probably happen in our lifetime, so what comes around, goes around. Stay tuned.........
Re: Boat builder files for chapter 7 - what a shame
Pretty typical narrow minded view in an economy where everything cost more and more, with people making the same or less. Its not like everyone isnt working for a living and trying to make more but their comes a point when its better to keep the lights on the the family taken care of. Snapper Head any idea what it cost these days to raise a family of 4? Something tells me you dont have a clue.
Re: Boat builder files for chapter 7 - what a shame
Quote:
ccat - 3/6/2008 6:42 AM
Pretty typical narrow minded view in an economy where everything cost more and more, with people making the same or less. Its not like everyone isnt working for a living and trying to make more but their comes a point when its better to keep the lights on the the family taken care of. Snapper Head any idea what it cost these days to raise a family of 4? Something tells me you dont have a clue.
If self sufficiency is narrow minded, then that fits me to t.
I have a wife, and two daughters in college. I big 80 pound dog, and 3 cats. That's alot of food, shelter, medical care, vehicle insurance, and tuition.
I am not monetarily "rich", but I am self made in financial terms (not financially independent, not yet, but it will happen). I know intimately what being the 'average Joe' is, and means. I know intimately what being 'poor' is, and means. I know many average Joe's who choose to take the OP's view. I know many who choose otherwise.
That little "something" that is telling you is feeding you erroneous information. Perhaps you should educate it, or turn it off.
Big Al
__________________ "Pedophiles must die" - Ted Nugent
Re: Boat builder files for chapter 7 - what a shame
But everyone not by choice can achieve what you have in your life or else it wouldnt be called the top 1%. There are those, not by choice, have to do the best they can with what they have the knowledge to do. We've been sold out as a country thus destroying thousands and thousands of good paying jobs where people could work and raise a family. I've been lucky enough in my life to be successful but i do recognize there are circumstances that are beyond a persons control thus limiting their ability to be more than they can be. There are limitations to everything.
Re: Boat builder files for chapter 7 - what a shame
Quote:
Snapper Head - 3/6/2008 7:58 AM
Quote:
ccat - 3/6/2008 6:42 AM
Pretty typical narrow minded view in an economy where everything cost more and more, with people making the same or less. Its not like everyone isnt working for a living and trying to make more but their comes a point when its better to keep the lights on the the family taken care of. Snapper Head any idea what it cost these days to raise a family of 4? Something tells me you dont have a clue.
If self sufficiency is narrow minded, then that fits me to t.
I have a wife, and two daughters in college. I big 80 pound dog, and 3 cats. That's alot of food, shelter, medical care, vehicle insurance, and tuition.
I am not monetarily "rich", but I am self made in financial terms (not financially independent, not yet, but it will happen). I know intimately what being the 'average Joe' is, and means. I know intimately what being 'poor' is, and means. I know many average Joe's who choose to take the OP's view. I know many who choose otherwise.
That little "something" that is telling you is feeding you erroneous information. Perhaps you should educate it, or turn it off.
Re: Boat builder files for chapter 7 - what a shame
Quote:
Trav4011 - 3/6/2008 3:51 AM
There is no "fix".. It's a matter of supply and demand.. China, and other developing nations are using oil just as fast as we are. I know that some people think the government and big oil are responsible for high prices.. but, it doesn't work that way. Oil is a globally traded commodity.. the price is set by what people are willing to pay for X amount of product. We have enjoyed cheap gas for years, because the demand wasn't there like it is today. Now, with global players such as China on the up and up.. we have to share the world's supply of oil.. This means higher prices. Supply and demand.. The oil companies aren't limiting production.. hell, we import 70% of our oil from foreign nations. Financially, it wouldn't make sense for them to make less product. The price would probably remain the same whether the US produced 10 or 20% more oil.. The fact is.. we're tapped out! Big, gas guzzling toys that the US has enjoyed for so many years are becoming less and less practical.
I still pay to play, but.. at some point, I won't be able to.
Here's some interesting comments from Steve Forbes in 2005.
Mr Forbes said the whole concept of the strategic reserve was pushing prices higher. "The speculators know now that no matter what happens to the price of oil Uncle Sam is there buying almost every day," he said. "Stop the buying and in fact throw some of that oil on the open market, boy that would throw it in turmoil and send the price down."
The oil market has become a target for investors, since the returns have been significantly higher than those from the stock or bond markets in the past couple of years. Fundamentally there is enough oil to go around. Stockpiles are full and Saudi Arabia has promised to step up production to 11m barrels a day.
"This is sheer bubble speculation. I'll be blunt, there's hardly a hedge fund in North America that hasn't speculated on oil futures," said Mr Forbes. He added that when prices did fall, the impact would make the dotcom collapse "look like a picnic".
Re: Boat builder files for chapter 7 - what a shame
Quote:
oatwnm - 3/6/2008 7:41 AM
Quote:
Snapper Head - 3/6/2008 7:58 AM
Quote:
ccat - 3/6/2008 6:42 AM
Pretty typical narrow minded view in an economy where everything cost more and more, with people making the same or less. Its not like everyone isnt working for a living and trying to make more but their comes a point when its better to keep the lights on the the family taken care of. Snapper Head any idea what it cost these days to raise a family of 4? Something tells me you dont have a clue.
If self sufficiency is narrow minded, then that fits me to t.
I have a wife, and two daughters in college. I big 80 pound dog, and 3 cats. That's alot of food, shelter, medical care, vehicle insurance, and tuition.
I am not monetarily "rich", but I am self made in financial terms (not financially independent, not yet, but it will happen). I know intimately what being the 'average Joe' is, and means. I know intimately what being 'poor' is, and means. I know many average Joe's who choose to take the OP's view. I know many who choose otherwise.
That little "something" that is telling you is feeding you erroneous information. Perhaps you should educate it, or turn it off.
Big Al
Do you know intimately what "POMPOUS" is??? LOL
We are all pompus to a degree. Yer right, mine can be too high at times.
I will not settle for what you are settling for in life. I don't view that particular trait as being pompus.
Big Al
__________________ "Pedophiles must die" - Ted Nugent
Re: Boat builder files for chapter 7 - what a shame
Quote:
ccat - 3/6/2008 7:27 AM
But everyone not by choice can achieve what you have in your life or else it wouldnt be called the top 1%. There are those, not by choice, have to do the best they can with what they have the knowledge to do. We've been sold out as a country thus destroying thousands and thousands of good paying jobs where people could work and raise a family. I've been lucky enough in my life to be successful but i do recognize there are circumstances that are beyond a persons control thus limiting their ability to be more than they can be. There are limitations to everything.
Top 1%???
Can you not read, or is it the comprehension aspect that eludes you??
There are indeed circumstances beyone one's control. It is the reaction to this that makes the difference.
Big Al
__________________ "Pedophiles must die" - Ted Nugent
Re: Boat builder files for chapter 7 - what a shame
How exactly have we been "sold out" as a country? Sure, we have some policies and practices I do not agree with but it is not the govt's fault jobs are lost to overseas companies. Nobody is forced to buy Chinese goods from Walmart. Let's say we pass a govt regulation that all TVs MUST be manufactured in the US with US labor. Fine. How many families will be able to afford a $5000 television.
I hate to see jobs lost as much as the next person, and in recent years, it is not only manufacturing but also technical, professional, management, etc. We all want US jobs but we all also want affordable goods and services. The best hedge against overseas job loss is to make our workforce better educated, more productive, and more valuable to employers.
Then again, we can raise taxes on the evil corporations so their costs go up and they export even more jobs.
Re: Boat builder files for chapter 7 - what a shame
The major point that everyone is missing here is that the price of oil "seems" high because it is priced in US Dollars, the value of which is completely in the crapper now. Take a look at what the price of a barrel of crude is if bought with gold and you will see.
We are printing money like it is going out of style and our great fed leaders respond with more rate cuts, which further devalues the dollar in world markets. You will know that we are no longer the economic leaders of the world when oil is no longer priced in dollars.
The seeds of this were sown with the easy money policies of the last 7 years or so. Now we can't "man up" and face a recession, rather we continue to cut rates which will only prolong the onset of a recession and make it deeper.
Boat builder files for chapter 7 - what a shame 
