A good read on gas prices
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I'm sitting here reading this thread while drinking a $1.00 quart of bottled water, and the wife is sipping on her $5.00 Starbucks coffee. 
I don't like paying more for gas just like the next guy, but I'm still amazed at how people complain about the cost of a finite resource that is priced such that it is infinite. Americans buy other overpriced items with a smile yet bitch about the price of gas that is decades behind the price of bread.
I don't like paying more for gas just like the next guy, but I'm still amazed at how people complain about the cost of a finite resource that is priced such that it is infinite. Americans buy other overpriced items with a smile yet bitch about the price of gas that is decades behind the price of bread.
If you don't like the price of gas, stop buying it.
Gees... it's just that simple.
30 mpg crap boxes are $800 on E-bay.
It may be George Bush's fault Gas prices are high right now, but it has nothing to do with "Big Oil".
The Dollar super low vs. foreign currency right now and since oil is bought an sold in dollars, it doesn't go as far as it did a few years ago (when that was reversed).
A low dollar also means low unemployment for Americans so you can have your pick: 12% unemployment like the rest of the world and low gas prices or 5% unemployment and high gas prices.
I don't know about the rest of you, but the bonus I got at work last month will keep me in Gasolene for a few years.
Gees... it's just that simple.
30 mpg crap boxes are $800 on E-bay.
It may be George Bush's fault Gas prices are high right now, but it has nothing to do with "Big Oil".
The Dollar super low vs. foreign currency right now and since oil is bought an sold in dollars, it doesn't go as far as it did a few years ago (when that was reversed).
A low dollar also means low unemployment for Americans so you can have your pick: 12% unemployment like the rest of the world and low gas prices or 5% unemployment and high gas prices.
I don't know about the rest of you, but the bonus I got at work last month will keep me in Gasolene for a few years.
Since I haven't found it yet, perhaps this is the evidence I've been searching for that proves it's Bush's fault. With all the forums with guys spouting Moore's "oil war" and Bush's oil prices, you'd think they'd have some evidence to back up their argument. Interestingly, that evidence has not surfaced.
Unfortunately, that video is in quicktime, but I won't install quicktime again. Quicktime is the work of the devil.
Supply and demand folks, this is simple economics its not hard to understand.
You dont have to have a shortage to the point where you dont see something on the shelves or at the pump in order to affect prices. It just has to be a shortage relative to the demand. That shortage can be artificial (like when opec decides to cut production) or natural, like say when tin became more difficult to find at the turn of the last century.
Lets say you are selling apples for 10 cents a peice and you are selling them like hotcakes, there is never a slow moment. What would a good business man do? Youd raise the price to say 20 cents. Apples still sell at the same rate so youve doubled your income. You then raise the price again and make 3 times as much as youve originally made. At some point youll hit diminishing returns as you start to sell less apples. This might not have happened had another guy been selling apples next to you. He knows that if he sells them cheaper than you hes going to sell more. This is making the assumption that there is an ulimited supply of apples. REmember it costs time and money to get these apples and there is definately a finite quantity, now think about how that is going to affect your pricing so you dont sell out before your next apple season yet still be competative. Its easy to see how fewer apples are going to encourage you to raise your price.
As for oil, the lack of refineries in the US is also another factor. I think ive read somewhere that a new refinery has not been built in 20+ years. Why? Environmental movement, the not in my backyard syndrome, etc
You can keep blaming the mideast but thats ignoring facts, fact is MOST of our oil comes from canada mexico and venezuela.
Opec is basically an oil cartel and they get together to set production thus setting prices. The result is little competition between nations if any at all. Want to increase the price of oil? Just decrease the production, thats the most reliable indicator of scarcity- price (see any middle school economics textbook)
Thats why I laugh at the idiocy of these "war for oil!!!!" people. Before the Iraq war we got NO oil from Iraq. Thus there was less supply on the market. That means people that COULD sell us oil made more money than they would have had iraqs oil been on the market. If bush had some nefarious dr. evil scheme to make more money off of oil, 1, he wouldnt increase the supply into the market, that lowers the price.
2. If he were trying to fight a war for oil on behalf of the american people it would have been much easier to relax environmental restrictions on refineries and drilling here in the united states to include off shore and in alaska
3. If he was hell bent on invading someone for oil he would have invaded venezuela instead with a much better infrastructure to produce oil, a nutcase president/dictator, and much closer to the USA
You dont have to have a shortage to the point where you dont see something on the shelves or at the pump in order to affect prices. It just has to be a shortage relative to the demand. That shortage can be artificial (like when opec decides to cut production) or natural, like say when tin became more difficult to find at the turn of the last century.
Lets say you are selling apples for 10 cents a peice and you are selling them like hotcakes, there is never a slow moment. What would a good business man do? Youd raise the price to say 20 cents. Apples still sell at the same rate so youve doubled your income. You then raise the price again and make 3 times as much as youve originally made. At some point youll hit diminishing returns as you start to sell less apples. This might not have happened had another guy been selling apples next to you. He knows that if he sells them cheaper than you hes going to sell more. This is making the assumption that there is an ulimited supply of apples. REmember it costs time and money to get these apples and there is definately a finite quantity, now think about how that is going to affect your pricing so you dont sell out before your next apple season yet still be competative. Its easy to see how fewer apples are going to encourage you to raise your price.
As for oil, the lack of refineries in the US is also another factor. I think ive read somewhere that a new refinery has not been built in 20+ years. Why? Environmental movement, the not in my backyard syndrome, etc
You can keep blaming the mideast but thats ignoring facts, fact is MOST of our oil comes from canada mexico and venezuela.
Opec is basically an oil cartel and they get together to set production thus setting prices. The result is little competition between nations if any at all. Want to increase the price of oil? Just decrease the production, thats the most reliable indicator of scarcity- price (see any middle school economics textbook)
Thats why I laugh at the idiocy of these "war for oil!!!!" people. Before the Iraq war we got NO oil from Iraq. Thus there was less supply on the market. That means people that COULD sell us oil made more money than they would have had iraqs oil been on the market. If bush had some nefarious dr. evil scheme to make more money off of oil, 1, he wouldnt increase the supply into the market, that lowers the price.
2. If he were trying to fight a war for oil on behalf of the american people it would have been much easier to relax environmental restrictions on refineries and drilling here in the united states to include off shore and in alaska
3. If he was hell bent on invading someone for oil he would have invaded venezuela instead with a much better infrastructure to produce oil, a nutcase president/dictator, and much closer to the USA
yeah i would say is all about supply and demand, we have the supply but guess who controls it, the many companies that invested in Iraq who where qued and backed up by our beloved president this whole thing has dollars signs and huge profits all over it for those who followed and backed up our president in invading Iraq, we didn't invade Iraq to save people from thier dictator, we invaded or should i say bush invaded with one thing in mind, (BLACK GOLD), and he and investors that backed him up invested millions off dollars in it before sending our boys in there to die..lots of people don't like to hear the truth and the truth is plain and simple and out in the open..like i mentioned before i dont see any bashing from anyone yet., and i am very surprised. I guess for once i may have a point without getting bashed.. hahahahaha.
Originally posted by wiked87gn
No i am not michael Moore, but i am a firm believer in seeking and telling the truth like it is..
That's all fine and dandy and I don't doubt that you're a believer, but believing and seeking the truth are 2 different things.
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supply & demand? Gee, I wish I could figure out another business where every 1% reduction in supply equals a 10% price increase...
some simple math:
2 years ago we were paying $1.20 for gas around here...last year it was $2.10. Remove the 49 cent per gallon taxes and the actual prices were $0.71 and $1.61. Thats a 127% price increase in 12 months. Sorry, but IMHO....that's bull$#it.
some simple math:
2 years ago we were paying $1.20 for gas around here...last year it was $2.10. Remove the 49 cent per gallon taxes and the actual prices were $0.71 and $1.61. Thats a 127% price increase in 12 months. Sorry, but IMHO....that's bull$#it.
wicked, wow im impressed, that reply was devoid of corroborative evidence, or any basis in fact whatsoever.
You should get into writing novels with that kind of imagination.
as for the other guy with the supply and demand thing
you are still buying gasoline despite the price increase right?
You should get into writing novels with that kind of imagination.
as for the other guy with the supply and demand thing
you are still buying gasoline despite the price increase right?
What pablo said.
Let's use the Barrett Jackson situation:
If 3 people are bidding on a Hemi Cuda, and one drops out at $100K (because that is what they were selling for last year), but the other two stick it out and the Price goes to $300K, what happened?
The supply didn't even decrease 1% and yet the Price went up 300%.
The Price is set by those willing to buy at the higher price.
Until all three agree Hemi Cuda's aren't worth $300K, that's the price.
The only problem with the supply and demand concept with gasoline is that there is no way to carry on your life in the form we know it today without gasoline. I can get along in life without the $300k Cuda, I can buy a $3k Kia.
In order for me to get to work, I must have gasoline or use gasoline in one form or another.
In order for food to be at the market, gasoline must be used.
Until we go back to the horse a carriage days, gasoline is a commodity and not a luxury..I guess its a luxury in one form over the horse idea....
I can't go down the street to another gas station that sells gas for $1/gal where as I could hold out on athe Cuda until I found it at a lower price.
Just a thought on this perspective....I don't buy $1/qt water either but I'll pay what ever the price is for gasoline.
And you've been watching too many Micheal Moore flicks if you think the war in Iraq is all about oil. Let's see what ideas came out of their heads when we invade Iran for not stopping their nuclear activities.
In order for me to get to work, I must have gasoline or use gasoline in one form or another.
In order for food to be at the market, gasoline must be used.
Until we go back to the horse a carriage days, gasoline is a commodity and not a luxury..I guess its a luxury in one form over the horse idea....
I can't go down the street to another gas station that sells gas for $1/gal where as I could hold out on athe Cuda until I found it at a lower price.
Just a thought on this perspective....I don't buy $1/qt water either but I'll pay what ever the price is for gasoline.
And you've been watching too many Micheal Moore flicks if you think the war in Iraq is all about oil. Let's see what ideas came out of their heads when we invade Iran for not stopping their nuclear activities.
yeah well let me give you a perfect example, why dont we go help the poor people who are dying by the thousands in africa or Ruhanda, why you ask, because they dont have what the middle east has, Black Gold, so we couldn't care if all the bunch of Ni**** die and drop like flies every day, do you know what the aid was for those people from the US, 1 million dollars, thats it 
, some third world countries gave more than 1 million dollars in food and help to those people and the US being the biggest most powerful nation in the world come up with 1 million dollars, that my friend is the cost in fuel for one of the carrier planes to fly supplies into Iraq cost, damn one the missiles that gets launched from the carriers at sea probably cost more than that., and that is just the tip of the iceberg..
, some third world countries gave more than 1 million dollars in food and help to those people and the US being the biggest most powerful nation in the world come up with 1 million dollars, that my friend is the cost in fuel for one of the carrier planes to fly supplies into Iraq cost, damn one the missiles that gets launched from the carriers at sea probably cost more than that., and that is just the tip of the iceberg..Originally posted by wiked87gn
yeah well let me give you a perfect example, why dont we go help the poor people who are dying by the thousands in africa or Ruhanda, why you ask, because they dont have what the middle east has, Black Gold, so we couldn't care if all the bunch of Ni**** die and drop like flies every day, do you know what the aid was for those people from the US, 1 million dollars, thats it
Whoah...........can you name 1, 3rd world country?...LINK?...And I think we would have gave more than that, if I'm wrong...again,LINK????.....UUUHHHHH........It doesn't cost a million dollars to fly 1 plane in fuel......You are right about the missiles though they ain't no joke specially the cruise missiles, yeah I know thats spelled wrong...
But these 3rd world countries aren't training and conspiring with people to carry out terroristic activities against the US, thats the key difference here.
I'm trying to figure out why invading Iraq would put money in Bush's pockets, because that would provide more sources for oil and drive the price down and create more competition. Beside, Bush does own an oil company.
Funny how everyone blamed the war in Iraq on oil 2 years ago because prices were going up.
Now 2 years later, the price continues to climb with no end in sight, and now there's new ideas now that the war is to put money in peoples pockets and continue to raise prices....funny how that coincides with the oil companies annoucing record profits, did hear anyhting like this 6 months ago
I'm no expert on it as I have better things to do with my time than worry about gas prices and who is making money off it, like making money myself. Just thought I'd stir the pot with some ideas to consider in the debate
I'm trying to figure out why invading Iraq would put money in Bush's pockets, because that would provide more sources for oil and drive the price down and create more competition. Beside, Bush does own an oil company.
Funny how everyone blamed the war in Iraq on oil 2 years ago because prices were going up.
Now 2 years later, the price continues to climb with no end in sight, and now there's new ideas now that the war is to put money in peoples pockets and continue to raise prices....funny how that coincides with the oil companies annoucing record profits, did hear anyhting like this 6 months ago
I'm no expert on it as I have better things to do with my time than worry about gas prices and who is making money off it, like making money myself. Just thought I'd stir the pot with some ideas to consider in the debate
Originally posted by wiked87gn
yeah well let me give you a perfect example, why dont we go help the poor people who are dying by the thousands in africa or Ruhanda, why you ask, because they dont have what the middle east has, Black Gold, so we couldn't care if all the bunch of Ni**** die and drop like flies every day, do you know what the aid was for those people from the US, 1 million dollars, thats it
Rwanda was 1995 and Bill Clinton was President.
Bush would have sent US troops to Rwanda and 800,000 people (n****** to you) would not have had to die.
Michael Moore and his ilk would have said that was about, Oil, Halliburton, etc, too
Nice job at trying to spin what's going on.
We are in Iraq again, because *we* didn't go there the first time we had the chance. All Saddam had to do was NOT try to play Chicken about the UN resolutions, and we'd not have bothered. Things cascaded due to Saddam's idiocy. The WMD, sanctions, were all secondary.
In case you missed it we tried helping in Somalia. You can fight both sides of an issue. And, trying to establish a democracy requires an educated, or at a min well informed public. Something that yet's to happen in many parts of Africa. That was one of the lessions learned in Nam. You can't force people to fight for themselves, nor can you force democracy on them. They have think it's important enough to die for, or it won't work.
There's still not much oil coming out of Iraq, and I don't think anyone in their right mind that saw the disrepair of the Iraq Oil Fields thought there would be an immediate oil supply. Iraq's oil basically was just funding Saddam's agenda. The infrastructure of Iraq was/ is miserable.
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