did anybody notice.

#1
C

champyvol

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#1
it's now after the election and gas prices have already jumped 10 cents. amazing how with all that supply and demand bullcrap everybody buys into, the price of gas and oil drop off till election day and now it starts the big rise back to 3 dollars. i guess it is just because opec cut production though.:ermm:
 
#4
#4
Yep Bush used his Exxon-o-matic again.

Proof yet again that liberals are crazy.
 
#8
#8
Gas prices have been up and down all year. Now there is another jump and folks want to blame it on the election. Wow.

I think Britney's break up caused the prices to rise. Her whole fan base isn't traveling due to depression and therefore the rise in cost.
 
#9
#9
I think it was FEDX that caused the prices to go up, he only drew 300 people at a show in NYC this past week.
 
#10
#10
I think I remember predicting (yet again) that gas prices would do this. I guess I'm just psychic
 
#11
#11
OWB said:
I think I remember predicting (yet again) that gas prices would do this. I guess I'm just psychic
Click to expand...

Dear Mr. Pyschic:

Should I put my money on 2 Red to win?
Will UT win this weekend? Is so what is point spread?

Signed: Desperate in Las Vegas
 
#17
#17
Just thought I'd dredge up one of these "Bush manipulating gas prices down before the election but they'll go right back up afterwards" threads.

How's the price of gas (and oil) near you?

Awaiting the new theories (besides supply/demand market dynamics) to explain the sub-$60 price per barrell (don't the Saudi's know the election is over?) and sub-$2.00 gallon gas prices in much of the country. :whistling:
 
#18
#18
volinbham said:
Just thought I'd dredge up one of these "Bush manipulating gas prices down before the election but they'll go right back up afterwards" threads.

How's the price of gas (and oil) near you?

Awaiting the new theories (besides supply/demand market dynamics) to explain the sub-$60 price per barrell (don't the Saudi's know the election is over?) and sub-$2.00 gallon gas prices in much of the country. :whistling:
Click to expand...
It may have to do with the fact we now have a new congress with subpoena power that they will use
if they feel the American people are being gouged most ceo's I'd think would find doing 5-10 for perjury not worth the outlandish profits when they are already rich.:eek:k:
 
#19
#19
DAVOL said:
It may have to do with the fact we now have a new congress with subpoena power that they will use
if they feel the American people are being gouged most ceo's I'd think would find doing 5-10 for perjury not worth the outlandish profits when they are already rich.:eek:k:
Click to expand...

Priceless!

How would you explain the drop in oil prices - a very small percentage of oil reserves are held by companies whose CEO's are subject to the subpoena power you reference, yet we see prices below $60 barrel. The pre-election theory was the Saudis were "helping their buddy W out".
 
#20
#20
volinbham said:
Priceless!

How would you explain the drop in oil prices - a very small percentage of oil reserves are held by companies whose CEO's are subject to the subpoena power you reference, yet we see prices below $60 barrel. The pre-election theory was the Saudis were "helping their buddy W out".
Click to expand...
please explain how when prices were going up on oil the price of gas was rising 1.5 times as much should'nt they be more connected or could it be the oil ceo's were maybe gouging.
 
#21
#21
DAVOL said:
please explain how when prices were going up on oil the price of gas was rising 1.5 times as much should'nt they be more connected or could it be the oil ceo's were maybe gouging.
Click to expand...

Oil is one component of the price of gasoline. The other big components are refining costs, distribution and taxes. The oil companies don't control the last one so let's look at the other two.

Refining costs - we been maxing out at refining capacity for years. Add to that, changes in regulations both longterm (reduction of MTBE) and short-term (switching between summer and winter blends). Any interuptions in refining capacity directly impact supply. Look back at this summer and you'll see the impacts of both.

Distribution costs - there were several supply interruptions and pipeline problems. Add to that, the fact that ethanol product must be trucked/tanked rather than pipelined.

Oil lag. Finally, there is a lag effect with oil price swings. Essentially, buyers are looking at replacement costs. When prices go up, buyers look to hedge on replacement. When they go down, they are pricing based on what they paid.

Finally, no evidence of gouging exists. It is investigated nearly every year and no evidence is ever found. Profit margins are relatively low and stable. Gouging would show up in margins - it is not there. Oil companies are profitable because they have a relatively low and stable profit margin on huge volume of product. As demand increases, profits do as well. Simple math.
 
#22
#22
volinbham said:
Oil is one component of the price of gasoline. The other big components are refining costs, distribution and taxes. The oil companies don't control the last one so let's look at the other two.

Refining costs - we been maxing out at refining capacity for years. Add to that, changes in regulations both longterm (reduction of MTBE) and short-term (switching between summer and winter blends). Any interuptions in refining capacity directly impact supply. Look back at this summer and you'll see the impacts of both.

Distribution costs - there were several supply interruptions and pipeline problems. Add to that, the fact that ethanol product must be trucked/tanked rather than pipelined.

Oil lag. Finally, there is a lag effect with oil price swings. Essentially, buyers are looking at replacement costs. When prices go up, buyers look to hedge on replacement. When they go down, they are pricing based on what they paid.

Finally, no evidence of gouging exists. It is investigated nearly every year and no evidence is ever found. Profit margins are relatively low and stable. Gouging would show up in margins - it is not there. Oil companies are profitable because they have a relatively low and stable profit margin on huge volume of product. As demand increases, profits do as well. Simple math.
Click to expand...
Please elaborate on who is investigating the Bush JD
why would Gonzalez investigate a bunch of Bush pioneers and mavericks u know the money givers.
 
#23
#23
easy now, volinbham, lefties like DAVOL don't have the intellectual capacity to understand all that. they'd rather listen to Katie Couric tell them that GW and his oil industry buddies are screwing everybody over.
 
#24
#24
DAVOL said:
Please elaborate on who is investigating the Bush JD
why would Gonzalez investigate a bunch of Bush pioneers and mavericks u know the money givers.
Click to expand...

Not sure where you saw anything about investigating the Bush Justice Department.

However, Congress had hearings (and has had hearings virtually everytime gas prices spike) on the Oil industry. Each time, they find no evidence of price gouging.

Alternatively, you could look to the SEC filings of the Oil companies. You'll see cost, revenue and profit data. This info is audited and thanks to Sarbanes/Oxley, material misstatments here carry hefty penalties.
 
#25
#25
MG1968 said:
easy now, volinbham, lefties like DAVOL don't have the intellectual capacity to understand all that. they'd rather listen to Katie Couric tell them that GW and his oil industry buddies are screwing everybody over.
Click to expand...
I'm sure a backwoods hick such as yourself doesn't even sniff the 100 range when it comes to IQ.:thumbsup:
 
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