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Thread: Fuel prices (OT)

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  1. #24
    Join Date
    Jan 2005
    Location
    Wilkes Barre, Penna., USA
    Posts
    156

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    Quote Originally Posted by ausable_ny View Post
    Not just Public Employees...MOST 401k's are invested in oil, especially Exxon/Mobil.
    Granted; they are invested in the traditional market, but did you notice that the California Pension Fund is, for the first time, partially invested in the Commodities market, which likely includes Oil. This is pretty risky. What happens to that investment if the price of a barrel of oil drops by 1/3rd?
    Bob
    Last edited by analogbob; 06-19-2008 at 01:30 PM.

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