MeMonsterD

A partial list of products made from Petroleum (144 of 6000 items)

One 42-gallon barrel of oil creates 19.4 gallons of gasoline. The rest (over half) is used to make things like:

Solvents

Diesel fuel

Motor Oil

Bearing Grease

Ink

Floor Wax

Ballpoint Pens

Football Cleats

Upholstery

Sweaters

Boats

Insecticides

Bicycle Tires

Sports Car Bodies

Nail Polish

Fishing lures

Dresses

Tires

Golf Bags

Perfumes

Cassettes

Dishwasher parts

Tool Boxes

Shoe Polish

Motorcycle Helmet

Caulking

Petroleum Jelly

Transparent Tape

CD Player

Faucet Washers

Antiseptics

Clothesline

Curtains

Food Preservatives

Basketballs

Soap

Vitamin Capsules

Antihistamines

Purses

Shoes

Dashboards

Cortisone

Deodorant

Footballs

Putty

Dyes

Panty Hose

Refrigerant

Percolators

Life Jackets

Rubbing Alcohol

Linings

Skis

TV Cabinets

Shag Rugs

Electrician’s Tape

Tool Racks

Car Battery Cases

Epoxy

Paint

Mops

Slacks

Insect Repellent

Oil Filters

Umbrellas

Yarn

Fertilizers

Hair Coloring

Roofing

Toilet Seats

Fishing Rods

Lipstick

Denture Adhesive

Linoleum

Ice Cube Trays

Synthetic Rubber

Speakers

Plastic Wood

Electric Blankets

Glycerin

Tennis Rackets

Rubber Cement

Fishing Boots

Dice

Nylon Rope

Candles

Trash Bags

House Paint

Water Pipes

Hand Lotion

Roller Skates

Surf Boards

Shampoo

Wheels

Paint Rollers

Shower Curtains

Guitar Strings

Luggage

Aspirin

Safety Glasses

Antifreeze

Football Helmets

Awnings

Eyeglasses

Clothes

Toothbrushes

Ice Chests

Footballs

Combs

CD’s & DVD’s

Paint Brushes

Detergents

Vaporizers

Balloons

Sun Glasses

Tents

Heart Valves

Crayons

Parachutes

Telephones

Enamel

Pillows

Dishes

Cameras

Anesthetics

Artificial Turf

Artificial limbs

Bandages

Dentures

Model Cars

Folding Doors

Hair Curlers

Cold cream

Movie film

Soft Contact lenses

Drinking Cups

Fan Belts

Car Enamel

Shaving Cream

Ammonia

Refrigerators

Golf Balls

Toothpaste

Gasoline

Americans consume petroleum products at a rate of three-and-a-half gallons of oil and more than 250 cubic feet of natural gas per day each! But, as shown here petroleum is not just used for fuel.

source: www.ranken-energy.com

The many faces of petroleum

Most people associate petroleum with fuel to power cars, airplanes and other forms of transportation that use internal combustion engines. But it’s a multifaceted material that is used to make products for use in everything from agriculture to medicine to textiles to electronics.

• Plastics: Because plastic is made from petroleum, you’ll find it practically everywhere – in children’s safety seats, appliances, car bodies and interiors, computers and more. 
• Medicine: Polymers derived from petroleum are used as a base commodity to make syringes, heart valves, blood and plasma bags, tubing, prosthetics, pacemakers and medicines.
• Agriculture: The farming industry relies on petroleum for fertilizer, irrigation pumps, transportation of food, refrigeration, and wrapping and packing materials.
• Construction: Petroleum is a chemical compound in paints, lacquers, linoleum, carbon fiber, graphite and asphalt, used to surface roads.
• Aviation: Lightweight, petroleum-based composites and carbon fiber technology allow aircraft and other vehicles to travel farther on less fuel.

source: www.saudiaramco.com

*** This is an article from the Dividend Growth Investor blog. Tough to see such high fundamental evaluations due to the low-interest rate environment. Some financial parameters of these growth-and-income stocks exceed that of even growth or momentum stocks. It will be interesting to see when QE from the Fed eases, what will happen to the multiples and thereby stock prices.

As I mentioned in an earlier article, I am ramping up my contributions to a 401 (k) plan, in order to reduce current tax liabilities and enjoy tax free compounding of gains. However, I already had an old 401 (k), which was eligible for a rollover. In early April I cashed out the index funds in it, and rolled the money over into an IRA. After that I decided to equally allocate the money in twenty individual dividend stocks. The money was immediately available for me to invest in the very next morning. This is a different account from the IRA I used to lower my current tax liabilities.

I had identified a list of stocks to purchase, and decided to buy them throughout the day and be done with it immediately. I read many blogs, newspapers, financial websites, and only saw negative sentiment toward the stock market. This is a strong sentiment indicator that the market will continue going up from here. This is why it is best to purchase stocks that look fairly valued today rather than wait, and purchase them when they get more expensive. My review of dollar cost averaging identified that putting money to work as soon as possible might be a better solution than waiting to allocate the funds. Of course, since i went from 100% invested in stock mutual funds to 100% invested in dividend stocks, this should have minimal effect on me.

Over the past four years, I keep hearing the same information that stocks are overvalued and that we are going to see some sort of hyperinflation. Lucky for me, I only pay attention to company fundamentals. I should know better, since economists as a group are known for having forecast nine out of the past five recessions. I also keep looking at the number of perma bears, who have been consistently bearish on stocks and the economy for the past 20-25 years. At one point they will be right for a few years, but then, even a broken clock is right two times per day.

Markets can easily go higher from here, given the fact that everyone is expecting corrections. However, I am not a market timer, which is why I reinvested almost all of the money immediately into the following 20 stocks:

The one thing I care about is purchasing great businesses at fair prices. My analysis of these businesses has shown that each of them should be able to generate higher earnings to pay me a rising stream of dividends for years to come. Even if stock prices fell by 50%, the dividend income would most likely hardly change. Because I do not plan on adding any money in this particular IRA account, I have set up the distributions to be reinvested automatically.

You might have also noticed that I am holding an MLP in an IRA. However, for the two years since I owned Oneok Partners (OKS), the UBTI has never been even in positive territory. This is why I doubt I would have any taxable issues with this MLP in my rollover IRA.

Full Disclosure: I have a position in ADM, AFL, APD, CVX, DLR, FDO, JNJ, KMI, KO, MCD, MDT, MMM, MO, OKS, PG, PM, UTX, VOD, WMT

source: http://www.dividendgrowthinvestor.com/2013/05/twenty-dividend-stocks-i-recently.html

This week, perennial industrial conglomerate General Electric announced that it would acquire Lufkin Industries (LUFK) for $88.50 per share, or roughly $3+ billion. What Lufkin adds to GE is the artificial life technologies used in the oil/gas exploration industry that makes upstreaming more efficient from existing wells. GE already competes in this arena, but will now have further technology to increase their share presence. Overall, only a few companies are in this area, including Dover and Weatherford.

Previous acquisitions that GE has had include Dresser Inc ($3 billion), Wellstream PLC ($1.3 billion) and John Wood’s PLC Well Support Division ($2.8 billion).

Time will tell if GE’s shedding of non-core assets and the building of it’s oil/gas service business will prove fruitful.