[ARCHIVED THREAD] - GAS PRICES$$$$$$$$$$$$$$$$$$$$$$$ (Page 1 of 2)
Posted: 5/9/2010 6:45:51 PM EDT
| So why is it when there is something that goes to hell in a hand basket with the oil industy, it's the customer that has to suck up the lost revenue. For example the issue in the gulf. But when say there's a issue in a differant industry, the company eats it. |
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So why is it when there is something that goes to hell in a hand basket with the oil industy, it's the customer that has to suck up the lost revenue. For example the issue in the gulf. But when say there's a issue in a differant industry, the company eats it. Not sure what fairy tale world you live in. Price of steel goes up, we see it in the machine shop. Gun manufacturers cant keep up with demand, price goes up. |
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So why is it when there is something that goes to hell in a hand basket with the oil industy, it's the customer that has to suck up the lost revenue. For example the issue in the gulf. But when say there's a issue in a differant industry, the company eats it. You mean like in the ammunition industry? 
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I highly recommend you look at the laws of supply and demand. That is , unless you're asking for the .gov to subsidize gasoline and tax us in some other way. Remember in the 70s when the price of gas was fixed? Well , after that shortage was over , and the price was still fixed , most retailers were making a 100% markup on gas. Imagine gasoline being sold for $5 a gallon. Considering the wholesale price of gas currently , that's about what it'd be with .gov price regulations ala nixon. |
I work in the Oil Refining industry , you should be thankful for 75 dollar a barrel oil right now. I bet it hits 100 or so this summer, and the leak in the Gulf doesnt help at all. You have to remember oil prices are all based on supply and demand and also speculation from the buyers. Its a loose loose situation for the person at the pump. But you do love having a car right? 
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So why is it when there is something that goes to hell in a hand basket with the oil industy, it's the customer that has to suck up the lost revenue. For example the issue in the gulf. But when say there's a issue in a differant industry, the company eats it. Not sure what fairy tale world you live in. Price of steel goes up, we see it in the machine shop. Gun manufacturers cant keep up with demand, price goes up. That doesnt really seem fair though does it? I mean why the hell do *I* have to pay more just because of some silly "supply and demand" thats probably made up fairydust to begin with. There should be a law or something dont you think? All price hikes should have to be approved by the government. Yeah, thats fair. I like fair. |
This is gonna be a loooooooooong summer.
ETA for clarity: This is going to be a loooooooooong summer dealing with these threads. Bring on the populist rage. I predict by the end of the year, people on this generally conservative site will be BEGGING, PLEADING, and DEMANDING that our government DO SOMETHING about a myriad of evils including price gouging, price fixing, speculators, etc. |
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I highly recommend you look at the laws of supply and demand. That is , unless you're asking for the .gov to subsidize gasoline and tax us in some other way. Remember in the 70s when the price of gas was fixed? Well , after that shortage was over , and the price was still fixed , most retailers were making a 100% markup on gas. Imagine gasoline being sold for $5 a gallon. Considering the wholesale price of gas currently , that's about what it'd be with .gov price regulations ala nixon. The "laws" of supply and demand do not take into account investor speculation and media influence, especially when there isn't really any competition in the first place. |
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This is gonna be a loooooooooong summer. Rise in the price of oil and gas is just the beginning. This is not the end of the rise. By the end of the summer we are going to look on the price rise as a bargain. This is going to be a long hot summer. I sense social turmoil this summer. Fasten your seat belts it's going to be a bumpy ride. |
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I work in the Oil Refining industry , you should be thankful for 75 dollar a barrel oil right now. I bet it hits 100 or so this summer, and the leak in the Gulf doesnt help at all. You have to remember oil prices are all based on supply and demand and also speculation from the buyers. Its a loose loose situation for the person at the pump. But you do love having a car right? Leak in the gulf doesn't help? Do tell, how a non producing well affects the price of a barrel of oil? |
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I work in the Oil Refining industry , you should be thankful for 75 dollar a barrel oil right now. I bet it hits 100 or so this summer, and the leak in the Gulf doesnt help at all. You have to remember oil prices are all based on supply and demand and also speculation from the buyers. Its a loose loose situation for the person at the pump. But you do love having a car right? Supply and demand is true. Some here think you can just go to any spot, Drill 10 feet, And you strike oil. NOT. It will only get more expensive as it gets harder to extract it from the ground. |
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Quoted: I think what the OP is trying to say is why is it when something fucks up or a mistake is made the consumer is held responsible to pay for it? I know at my job if I make a mistake I have to redo it for free. Supply and demand. Technically, the consumer doesn't have to pay for it. Or he can reduce his consumption as much as possible. Enough people do that and the price goes down again.
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Quoted: Quoted: I highly recommend you look at the laws of supply and demand. That is , unless you're asking for the .gov to subsidize gasoline and tax us in some other way. Remember in the 70s when the price of gas was fixed? Well , after that shortage was over , and the price was still fixed , most retailers were making a 100% markup on gas. Imagine gasoline being sold for $5 a gallon. Considering the wholesale price of gas currently , that's about what it'd be with .gov price regulations ala nixon. The "laws" of supply and demand do not take into account investor speculation and media influence, especially when there isn't really any competition in the first place. Investor influence has just as much benefit as it does in negative aspects. If you look into the history of futures , you'll understand why. |
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Quoted: This is gonna be a loooooooooong summer. ETA for clarity: This is going to be a loooooooooong summer dealing with these threads. Bring on the populist rage. I predict by the end of the year, people on this generally conservative site will be BEGGING, PLEADING, and DEMANDING that our government DO SOMETHING about a myriad of evils including price gouging, price fixing, speculators, etc. The only good thing about these type of threads is that morons and closest socialist out themselves in short order. |
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So why is it when there is something that goes to hell in a hand basket with the oil industy, it's the customer that has to suck up the lost revenue. For example the issue in the gulf. But when say there's a issue in a differant industry, the company eats it. You are living in the fantasy world where most liberals are living where prices are arbitrarily set and the laws of supply and demand don't exist. |
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I think what the OP is trying to say is why is it when something fucks up or a mistake is made the consumer is held responsible to pay for it? I know at my job if I make a mistake I have to redo it for free. If that is what he is trying to say then there is a clear knowledge gap between the OP and reality. Prices are not arbitrary and are not set by a single man in an ivory tower. If any one actually had that power we would have been paying $5 a gallon for gas a looooong time ago. Cost is one of the components of price. If costs go up, then supply curve shifts and prices go up. The reason for those cost increases is irrelevant. The second that prices are not allowed to rise to accomodate cost, then that industry will cease to satisfy consumer need and you will have a shortage. It's just the way the market works. There is no one in charge of it. It's about as close to a "hive mind" as you can possibly get. |
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I work in the Oil Refining industry , you should be thankful for 75 dollar a barrel oil right now. I bet it hits 100 or so this summer, and the leak in the Gulf doesnt help at all. You have to remember oil prices are all based on supply and demand and also speculation from the buyers. Its a loose loose situation for the person at the pump. But you do love having a car right? Leak in the gulf doesn't help? Do tell, how a non producing well affects the price of a barrel of oil? Obama has pulled all of the future drilling leases in the gulf pending an investigation and review. |
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Quoted: This is in pun, no doubt. Still there are those that think it is possible to "water down" gasoline. Oil and water DO NOT MIX. In fact, most crude as it comes from the well has appreciable water mixed in with it, this is removed in the first step of refining, usually done before the crude enters the pipeline. How is it removed? By adding more water, breaking the emulsion and removing suspended salts.I bought some really cheap gas today but it smells like the ocean, had that salty spray smell to it Water has greater density than most crudes, settling out on the bottom. Same with all other fuels. |
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Name an industry where the company eats it. Liberals like to think this way - stick it to the man, the white man, the rich man, the business, company whatever. But...we pay for these fines, regulations, costs, etc. We pay for everything. Take the EPA for example, lol. Wow, we pay out the ass for the EPA in financial form as well as inconveniences. Some people cheer when things like happen like America Airlines and Toyota getting fined - plane tickets go up and car prices go up. Or they give fist bumps when tariffs are imposed on imported tires. Well, the imported tires go up 35% due to tariffs, but guess what? The domestic tires go up too. Now ALL freaking tires are more expensive. WE PAY FOR ALL OF THIS - EVERYTHING. IT and THEY ARE TAXES, just a different form. We work our whole life and are raped of personal property and freedom from birth to death for other people's benefit. What we do get to keep, is inflated to near worthlessness. |
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Quoted: Supply and demand my ASS. With nearly 25% of the nation unemployed where's F'ing demand??? It's BS speculators and .gov not giving a crap about we the people and how much we have to pay at the pump. Remember November. Zero suspended all drilling the the GoM because of ONE accident. Meaning no new production so eventually those 1.5 million barrels per day the GoM is providing will decrease. Write your representatives and tell them November is coming. |
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This is gonna be a loooooooooong summer.
ETA for clarity: This is going to be a loooooooooong summer dealing with these threads. Bring on the populist rage. I predict by the end of the year, people on this generally conservative site will be BEGGING, PLEADING, and DEMANDING that our government DO SOMETHING about a myriad of evils including price gouging, price fixing, speculators, etc. If we make it till summer. |
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Quoted: So why is it when there is something that goes to hell in a hand basket with the oil industy, it's the customer that has to suck up the lost revenue. For example the issue in the gulf. But when say there's a issue in a differant industry, the company eats it. Companies never 'eat' anything.... Gas is just something you buy regularly, so you notice the price changes day-to-day. |
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the real question is how long till Obama starts getting the same flack Bush got for gas prices? never. the media wont talk about the "pain at the pump" like they do when republicans are in charge. Obviously this is because Republicans are in bed with big oil. This time, it will be just something beyond anyones control. |
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Quoted: Supply and demand my ASS. With nearly 25% of the nation unemployed where's F'ing demand??? It's BS speculators and .gov not giving a crap about we the people and how much we have to pay at the pump. Because unemployment isn't 25% - not even close... It's about 10%... And because gasoline demand will stay high as long as western civilization continues.... |
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This is gonna be a loooooooooong summer.
ETA for clarity: This is going to be a loooooooooong summer dealing with these threads. Bring on the populist rage. I predict by the end of the year, people on this generally conservative site will be BEGGING, PLEADING, and DEMANDING that our government DO SOMETHING about a myriad of evils including price gouging, price fixing, speculators, etc. If we make it till summer. Ahh come on Sherrick, it wasn't that long ago you were betting on gas prices and telling us everything was fine. Hell you advertised to the whole ARFCOM the economy was fine and bought a new vehicle...now you say we're doomed.
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Why don't you show the 7 day graph? |
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Cuz it already took the hit, now it seems to be going back up a little in a relatively short amount of time... just saying. |