Re: WINNABLE Gas War

On Sun, 20 May 2007 11:47:57 -0700, I. Care <icare (AT) spamthis (DOT) com>
wrote:

. . . Welch says the law of supply and demand is set in stone.

So, if it's supply and demand, why aren't there gas stations running
dry and lineups etc. There's enough supply out there, although more
refineries couldn't hurt, so artificial shortages can't be manipulated
into the pricing. The real cause of the high prices is the high price
of oil, and the price of oil is artifically high thanks to commodity
markets and their future oil prices -- it wouldn't surprise me if the
oil companies are bidding the price up. When the price of oil goes up
the oil companies make MORE profit than when the price is lower, so
it's a WIN-WIN for the oil companies, and a LOSE-LOSE for us buyers.
OPEC was happy with $25 oil, then the futures market over reacted and
drove the price sky high. The futures market is like day traders, they
just suck the life out of the commodity they're buying.

"Father Guido" <Father.Guido (AT) Phoney (DOT) Email> wrote

On Sun, 20 May 2007 11:47:57 -0700, I. Care <icare (AT) spamthis (DOT) com
wrote:

. . . Welch says the law of supply and demand is set in stone.

So, if it's supply and demand, why aren't there gas stations running
dry and lineups etc. There's enough supply out there, although more
refineries couldn't hurt, so artificial shortages can't be manipulated
into the pricing. The real cause of the high prices is the high price
of oil, and the price of oil is artifically high thanks to commodity
markets and their future oil prices -- it wouldn't surprise me if the
oil companies are bidding the price up. When the price of oil goes up
the oil companies make MORE profit than when the price is lower, so
it's a WIN-WIN for the oil companies, and a LOSE-LOSE for us buyers.
OPEC was happy with $25 oil, then the futures market over reacted and
drove the price sky high. The futures market is like day traders, they
just suck the life out of the commodity they're buying.

You are an idiot. The price of oil goes up and up and up because as it
becomes harder and harder to find and extract, we use more and more and
more. And so do the Chinese and Indians (their auto markets are expanding
very rapidly, as are their economies).



--
Posted via a free Usenet account from http://www.teranews.com

On Sun, 20 May 2007 19:06:32 -0500, "dh" <dh (AT) stargate (DOT) com> wrote:

"Father Guido" <Father.Guido (AT) Phoney (DOT) Email> wrote in message
news:8j8153leb0btorqrcbpji16genc23mq7ve (AT) 4ax (DOT) com...
On Sun, 20 May 2007 11:47:57 -0700, I. Care <icare (AT) spamthis (DOT) com
wrote:

. . . Welch says the law of supply and demand is set in stone.

So, if it's supply and demand, why aren't there gas stations running
dry and lineups etc. There's enough supply out there, although more
refineries couldn't hurt, so artificial shortages can't be manipulated
into the pricing. The real cause of the high prices is the high price
of oil, and the price of oil is artifically high thanks to commodity
markets and their future oil prices -- it wouldn't surprise me if the
oil companies are bidding the price up. When the price of oil goes up
the oil companies make MORE profit than when the price is lower, so
it's a WIN-WIN for the oil companies, and a LOSE-LOSE for us buyers.
OPEC was happy with $25 oil, then the futures market over reacted and
drove the price sky high. The futures market is like day traders, they
just suck the life out of the commodity they're buying.

You are an idiot. The price of oil goes up and up and up because as it
becomes harder and harder to find and extract, we use more and more and
more. And so do the Chinese and Indians (their auto markets are expanding
very rapidly, as are their economies).

No, you've been brain washed. The Chineese and Indian markets will
affect oil supply someday, but not today my friend. When was the last
time any gas station you went to didn't have all the gasoline you
wanted?

Father Guido wrote:
<...>

No, you've been brain washed. The Chineese and Indian markets will
affect oil supply someday, but not today my friend. When was the last
time any gas station you went to didn't have all the gasoline you
wanted?

How much oil are the Chinese and Indians using today? How much ten years
ago?

BTW, they won't affect supply that much. They do affect demand.

The supply is there, but the demand is growing real fast.

Jeff

In article <75d2539k2fbatkfj1qk5qjui240odh7eg1 (AT) 4ax (DOT) com>,
Father Guido <Father.Guido (AT) Phoney (DOT) Email> wrote:

[...]

No, you've been brain washed. The Chineese and Indian markets will
affect oil supply someday, but not today my friend. When was the last
time any gas station you went to didn't have all the gasoline you
wanted?

Friday. But it was full again Saturday, with higher prices. (:

--
B.B. --I am not a goat! thegoat4 at airmail dot net

Back when the government under Carter tried to regulate the supply. The gas
became available when Reagan stopped regulating the supply and allowed the
market to set the price. Economics 101

mike

"Father Guido" <Father.Guido (AT) Phoney (DOT) Email> wrote

On Sun, 20 May 2007 19:06:32 -0500, "dh" <dh (AT) stargate (DOT) com> wrote:


You are an idiot. The price of oil goes up and up and up because as it
becomes harder and harder to find and extract, we use more and more and
more. And so do the Chinese and Indians (their auto markets are expanding
very rapidly, as are their economies).

snip
. When was the last
time any gas station you went to didn't have all the gasoline you
wanted?

Here in Canada, most gasoline suppliers share refinery capacity.... If
company "A" doesn't have a refinery that can supply a particular area they
will trade with another supplier that may not have specific capacity in
another region.

Now, a refinery must meet a certain portion of their total production
capacity to break even..... if they exceed that, they start making more
profit. Sharing refinery capacity is one way that these companies have of
ensuring that they are operating in the black.

If you purchase Husky branded gas in northern Alberta... you may be buyiung
gasolione produced at one of three facilities.... I could come from the
Husky refinery near Calgary.... or it may come from Esso in Edmonton or Esso
in Taylor, B.C. The gasoline is blended to "meet or exceed" the Husky Oil
formula.

We are delusional if we believe that anything less than government
intervention is going to fix this situation.....

OTOH, we could all start walking, riding bicycles or horses or even using
public transportation where available to reduce our dependency on big
oil....