Gas price propaganda

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  • cherrylula
    lol
    • Jan 2002
    • 15969
    #1

    Gas price propaganda

    So there is always news about rising gasoline prices. Since I was a child, I can remember this has always been an issue they talk about in the news CONSTANTLY. LOL

    I just read this now, and I have never heard this before...

    Gas prices usually climb during the spring as drivers hit the road for vacations, and as refineries shut down temporarily to switch to the special blends of gasoline they produce during the summer.
    Seriously? Now the news is saying refineries switch to a different blend of gasoline in the summer?? This is why prices go up? LOL

    Has anyone ever heard this before??
    Tags: None
    • Sly
      Let's do some business!
      • Sep 2004
      • 31376
      #2
      Winter gas is different than summer gas, particularly in the North. Not sure about the South. I'm not saying that's a reason for anything, just saying they are different.
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        Comment

        • cherrylula
          lol
          • Jan 2002
          • 15969
          #3
          See I have never heard that before. So Cal girl, they don't do that there. And I doubt they do it here in the South either.

          thanks Sly.

            Comment

            • asdasd
              So Fucking Banned
              • Feb 2005
              • 1225
              #4
              Paganism..

                Comment

                • MattPIVO
                  Confirmed User
                  • Feb 2012
                  • 240
                  #5
                  I believe there is a change between the winter gasoline blend and the summer gasoline blend. There are also some political tensions which is causing the increase in the price of gasoline. Those who are on the west coast (united states) might see higher prices due to a fire at a BP refinery in Washington (I think?) which caused it to shut down. This refinery was a large producer of oil, so it being shut down did some damage. Cyclical price increases along with political tension and decreased amounts of supply.


                  ** Need High-End Traffic? Have GOOD Traffic To Sell? **
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                    Comment

                    • candyflip
                      Carpe Visio
                      • Jul 2002
                      • 43069
                      #6
                      I have heard that as well, but only in the last few years. My gramps used to have all sorts of gas pricing theories.

                      Spend you some brain.
                      Email Me

                        Comment

                        • Rochard
                          Jägermeister Test Pilot
                          • Dec 2001
                          • 75733
                          #7
                          My brother in law works at these oil refineries. He doesn't work for an oil company, but instead construction company that refurbishes the refineries. He would work two weeks or six months at the same refinery, all over southern California. These refineries are constantly in a state of flux and open and close as needed.

                          The concept of supply and demand no longer applies. If shit goes downhill the middle east, the US still gets it's oil from Canada and Mexico.
                          Herschel Savage
                          Brooklyn, NY

                            Comment

                            • cherrylula
                              lol
                              • Jan 2002
                              • 15969
                              #8
                              Yeah everyone has gas stories. lol.

                              I have an uncle who worked at some cheap gas place in his teens decades ago, and still swears all the gas out there is the same, some places just charge more.

                              Then you have people who swear some station had water in their gas and it messed up their car.

                              Just glad working from home means less driving!

                                Comment

                                • bronco67
                                  Too lazy to set a custom title
                                  • Dec 2006
                                  • 29032
                                  #9
                                  My next car is a Prius, so I say the gas and oil companies can go fuck themselves. I put 80 bucks in my Nissan Murano today, and I'm tired of that gas guzzler. That thing gets about 15 miles per gallon at best.

                                    Comment

                                    • cherrylula
                                      lol
                                      • Jan 2002
                                      • 15969
                                      #10
                                      fwiw, I did read this in a southern news article, about the gas changing out during the summer... blah blah blah oil industry owns us all.

                                        Comment

                                        • baddog
                                          So Fucking Banned
                                          • Apr 2001
                                          • 107089
                                          #11
                                          Hate to ruin it for the conspiracy theorists here . . . Twice every year in the United States, the fuel supply changes. It's known as the seasonal gasoline transition. This change is the biggest reason for the price hike in summer gasoline. Depending on the time of year, gas stations switch between providing summer-grade fuel and winter-grade fuel. The switch started in 1995 as part of the Reformulated Gasoline Program (RFG), which was established through the 1990 Clean Air Act Amendments. The Environmental Protection Agency (EPA) started the RFG program in order to reduce pollution and smog during the summer ozone season, which occurs from June 1 to Sept. 15 [Source: EPA].

                                            Comment

                                            • Choopa Phil
                                              Confirmed User
                                              • Apr 2009
                                              • 3965
                                              #12
                                              winter gas is more of an ethanol mix, where was summer gas does not have as much ethanol in it. Its also a reason why you get worse gas mileage when its cooler out on top of cars usually burn more fuel due to the air being more dense. More dense the air, more power the car makes the more fuel it consumes
                                              AIM - Choopa Phil
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                                                Comment

                                                • PR_Glen
                                                  Confirmed User
                                                  • Oct 2006
                                                  • 9058
                                                  #13
                                                  price of oil goes up, gas prices surge, oil companies make record profits in those times which means?


                                                  hint: the money you can make with that info can more than offset any gas increases you are paying at the pump...
                                                  webmaster at pimproll dot com

                                                    Comment

                                                    • baryl
                                                      Confirmed User
                                                      • Aug 2011
                                                      • 1086
                                                      #14
                                                      Conspiracy theorists are worse or at best equal to religious fanatics.

                                                        Comment

                                                        • 2MuchMark
                                                          Mark of 2Much.net
                                                          • Aug 2004
                                                          • 50977
                                                          #15
                                                          Here's the truth:

                                                          Gas prices are up because of SPECULATION in the market. When things are unstable in the middle east as they are right now, more people buy stock in oil companies. If Iran blocks the shipments of oil, it can create a shortage, and people who invested make out like crazy. It's very simple.

                                                            Comment

                                                            • Vendzilla
                                                              Biker Gnome
                                                              • Mar 2004
                                                              • 23200
                                                              #16
                                                              Obama just said in a speech that during his presidency we're drilling more oil than the two previous presidencies. So supply and demand is out since demand is down.

                                                              Of course he failed to mention that getting to where we are at oil production takes years after approval from an administration. Obama taking credit for what Bush did? Then he went on about how good the auto industry is doing, wait wasn't the auto bail out signed by Bush?
                                                              Tarp was signed October 3rd 2008
                                                              Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                                                              think about that

                                                                Comment

                                                                • cherrylula
                                                                  lol
                                                                  • Jan 2002
                                                                  • 15969
                                                                  #17
                                                                  Yeah Obama blah blah blah that's what he sounds like now...

                                                                    Comment

                                                                    • Dvae
                                                                      Confirmed User
                                                                      • Feb 2005
                                                                      • 5326
                                                                      #18
                                                                      Chu is cearly clueless





                                                                      .
                                                                      .

                                                                      Arguing with a troll is a lot like wrestling in the mud with a pig, after a couple of hours you realize the pig likes it.

                                                                        Comment

                                                                        • cherrylula
                                                                          lol
                                                                          • Jan 2002
                                                                          • 15969
                                                                          #19
                                                                          Originally posted by baryl
                                                                          Conspiracy theorists are worse or at best equal to religious fanatics.
                                                                          I'll take a dozen conspiracy theorists over one religious fanatic any day.

                                                                          Think for yourself, or follow others... the answer is easy. lol

                                                                            Comment

                                                                            • JFK
                                                                              FUBAR the ORIGINATOR
                                                                              • Jan 2002
                                                                              • 67373
                                                                              #20
                                                                              Originally posted by asdasd
                                                                              Paganism..
                                                                              is it the devil again ?

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                                                                                Comment

                                                                                • Vendzilla
                                                                                  Biker Gnome
                                                                                  • Mar 2004
                                                                                  • 23200
                                                                                  #21
                                                                                  Originally posted by cherrylula
                                                                                  Yeah Obama blah blah blah that's what he sounds like now...
                                                                                  I always thought he sounded like that
                                                                                  Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                                                                                  think about that

                                                                                    Comment

                                                                                    • Tom_PM
                                                                                      Porn Meister
                                                                                      • Feb 2005
                                                                                      • 16443
                                                                                      #22
                                                                                      Stop driving.
                                                                                      43-922-863 Shut up and play your guitar.

                                                                                        Comment

                                                                                        • raymor
                                                                                          Confirmed User
                                                                                          • Oct 2002
                                                                                          • 3745
                                                                                          #23
                                                                                          I wouldn't think you'd have to shut.down for long in order to turn up the "ethanol" knob.

                                                                                          I do know that the secretary of energy has repeatedly said the adminisration's goal is to double gas prices, so that more people will want solar cars etc. Whether you agree with that goal or not is a matter of opinion, but they've made it very clear that's their goal.
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                                                                                            • Dvae
                                                                                              Confirmed User
                                                                                              • Feb 2005
                                                                                              • 5326
                                                                                              #24
                                                                                              Originally posted by raymor
                                                                                              I wouldn't think you'd have to shut.down for long in order to turn up the "ethanol" knob.

                                                                                              I do know that the secretary of energy has repeatedly said the adminisration's goal is to double gas prices, so that more people will want solar cars etc. Whether you agree with that goal or not is a matter of opinion, but they've made it very clear that's their goal.
                                                                                              Considering it takes approx. one gallon of fossil fuel to produce one gallon of ethanol does not sound like a winning solution.


                                                                                              This article from Popular Mechanics:
                                                                                              The National Renewable Energy Laboratory states that, "Today, 1 Btu of fossil energy consumed in producing and delivering corn ethanol results in 1.3 Btu of usable energy in your fuel tank." Even that modest payback may be overstated. Skeptics cite the research of Cornell University professor David Pimentel, who estimates that it takes approximately 1.3 gal. of oil to produce a single gallon of ethanol.


                                                                                              Read more: Ethanol Review as Alternative Fuel - Pros and Cons of Ethanol - Popular Mechanics
                                                                                              .
                                                                                              .

                                                                                              Arguing with a troll is a lot like wrestling in the mud with a pig, after a couple of hours you realize the pig likes it.

                                                                                                Comment

                                                                                                • V_RocKs
                                                                                                  Damn Right I Kiss Ass!
                                                                                                  • Nov 2003
                                                                                                  • 32449
                                                                                                  #25
                                                                                                  Price goes up during the Summertime the same way beach front rentals go up during the summer. You will pay more because if you don't you will just have to stay home...

                                                                                                  The switch to a different additive to the fuel doesn't add more than a few dimes to the price... Demand adds the rest.

                                                                                                    Comment

                                                                                                    • raymor
                                                                                                      Confirmed User
                                                                                                      • Oct 2002
                                                                                                      • 3745
                                                                                                      #26
                                                                                                      Originally posted by Dvae
                                                                                                      Considering it takes approx. one gallon of fossil fuel to produce one gallon of ethanol does not sound like a winning solution.


                                                                                                      This article from Popular Mechanics:
                                                                                                      The National Renewable Energy Laboratory states that, "Today, 1 Btu of fossil energy consumed in producing and delivering corn ethanol results in 1.3 Btu of usable energy in your fuel tank." Even that modest payback may be overstated. Skeptics cite the research of Cornell University professor David Pimentel, who estimates that it takes approximately 1.3 gal. of oil to produce a single gallon of ethanol.


                                                                                                      Read more: Ethanol Review as Alternative Fuel - Pros and Cons of Ethanol - Popular Mechanics
                                                                                                      Well duh of course the math doesn't make sense - it's liberalism. In liberalville, 1 + 1 = 2 doesn't exist. In liberalville, all that matters is that we WANT the answer to be 12.

                                                                                                      Witness Clintonmetry:
                                                                                                      $2.0 T income -
                                                                                                      $2.3 T spent =
                                                                                                      "balanced budget"
                                                                                                      Last edited by raymor; 03-19-2012, 04:58 PM.
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                                                                                                        • Qbert
                                                                                                          Confirmed User
                                                                                                          • Jun 2004
                                                                                                          • 813
                                                                                                          #27
                                                                                                          Originally posted by MarkPrince
                                                                                                          Here's the truth:

                                                                                                          Gas prices are up because of SPECULATION in the market. When things are unstable in the middle east as they are right now, more people buy stock in oil companies. If Iran blocks the shipments of oil, it can create a shortage, and people who invested make out like crazy. It's very simple.
                                                                                                          QFT, everything else is minor compared to the impact of the commodities market.

                                                                                                            Comment

                                                                                                            • Brent 3dSexCash
                                                                                                              Octopus Anime
                                                                                                              • Sep 2007
                                                                                                              • 1064
                                                                                                              #28
                                                                                                              I ate mexican food the other night. Had pretty bad gas for 24 hrs afterward.

                                                                                                              Touch and go for a while. Embarrassing while in the company of others.

                                                                                                              The burrito dinner was pretty expensive too. Very expensive gas.

                                                                                                                Comment

                                                                                                                • raymor
                                                                                                                  Confirmed User
                                                                                                                  • Oct 2002
                                                                                                                  • 3745
                                                                                                                  #29
                                                                                                                  Originally posted by MarkPrince
                                                                                                                  Here's the truth:

                                                                                                                  Gas prices are up because of SPECULATION in the market. When things are unstable in the middle east as they are right now, more people buy stock in oil companies.
                                                                                                                  Can you explain for us simpletons how investing in a company that drills or refines oil increases prices? To a simple minded person like myself, it would seem that investing in wells or refineries would increase supply and thefore REDUCE prices. Please explain.

                                                                                                                  I'm curious too, with about $18 trillion in gas being used each year, how does $1 billion in hedges or speculation have any effect at all? I mean, that's about 0.0004% of the market.

                                                                                                                  How does 0.0004% make a bigger difference than the 14% direct tax on gas, plus the indirect taxes?
                                                                                                                  Last edited by raymor; 03-19-2012, 06:45 PM.
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                                                                                                                    • Dvae
                                                                                                                      Confirmed User
                                                                                                                      • Feb 2005
                                                                                                                      • 5326
                                                                                                                      #30
                                                                                                                      Originally posted by raymor
                                                                                                                      Well duh of course the math doesn't make sense - it's liberalism. In liberalville, 1 + 1 = 2 doesn't exist. In liberalville, all that matters is that we WANT the answer to be 12.
                                                                                                                      I think the term was "Outcome Based Education"
                                                                                                                      .
                                                                                                                      .

                                                                                                                      Arguing with a troll is a lot like wrestling in the mud with a pig, after a couple of hours you realize the pig likes it.

                                                                                                                        Comment

                                                                                                                        • cherrylula
                                                                                                                          lol
                                                                                                                          • Jan 2002
                                                                                                                          • 15969
                                                                                                                          #31
                                                                                                                          Originally posted by PR_Tom
                                                                                                                          Stop driving.
                                                                                                                          I wish. But I would need a lot of things delivered. Too bad they don't have those little rental car things down here.

                                                                                                                            Comment

                                                                                                                            • Rochard
                                                                                                                              Jägermeister Test Pilot
                                                                                                                              • Dec 2001
                                                                                                                              • 75733
                                                                                                                              #32
                                                                                                                              I hope the price of gas doubles. I work from home, and rarely drive any place. If I fill my truck up once a month, that's a lot for me. On the flip side, the higher the price of gas... The less the dumb people can afford it - meaning less poor drivers on the road.
                                                                                                                              Herschel Savage
                                                                                                                              Brooklyn, NY

                                                                                                                                Comment

                                                                                                                                • Dvae
                                                                                                                                  Confirmed User
                                                                                                                                  • Feb 2005
                                                                                                                                  • 5326
                                                                                                                                  #33
                                                                                                                                  Originally posted by Rochard
                                                                                                                                  I hope the price of gas doubles. I work from home, and rarely drive any place. If I fill my truck up once a month, that's a lot for me. On the flip side, the higher the price of gas... The less the dumb people can afford it - meaning less poor drivers on the road.
                                                                                                                                  Aren't you being a bit shortsighted?
                                                                                                                                  High fuel cost causes the price of everything to rise.

                                                                                                                                  It costs more to deliver food, more to grow everything from corn and wheat to fruit and vegetables.
                                                                                                                                  Those steaks and hamburgers you like, costs more to raise cattle because feed costs have risen.
                                                                                                                                  .
                                                                                                                                  .

                                                                                                                                  Arguing with a troll is a lot like wrestling in the mud with a pig, after a couple of hours you realize the pig likes it.

                                                                                                                                    Comment

                                                                                                                                    • Fletch XXX
                                                                                                                                      GFY HALL OF FAME DAMMIT!!!
                                                                                                                                      • Jan 2002
                                                                                                                                      • 60840
                                                                                                                                      #34
                                                                                                                                      Gas prices make the price of everything you eat go up. LOL

                                                                                                                                      It affects everything in this world...

                                                                                                                                      Want an Android App for your tube, membership, or free site?

                                                                                                                                      Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

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                                                                                                                                        • porno jew
                                                                                                                                          Too lazy to set a custom title
                                                                                                                                          • Nov 2006
                                                                                                                                          • 10166
                                                                                                                                          #35
                                                                                                                                          [QUOTE=Vendzilla;18832987]Obama ......................./QUOTE]

                                                                                                                                          baddog is probably right.

                                                                                                                                            Comment

                                                                                                                                            • porno jew
                                                                                                                                              Too lazy to set a custom title
                                                                                                                                              • Nov 2006
                                                                                                                                              • 10166
                                                                                                                                              #36
                                                                                                                                              Originally posted by Dvae
                                                                                                                                              Aren't you being a bit shortsighted?
                                                                                                                                              High fuel cost causes the price of everything to rise.

                                                                                                                                              It costs more to deliver food, more to grow everything from corn and wheat to fruit and vegetables.
                                                                                                                                              Those steaks and hamburgers you like, costs more to raise cattle because feed costs have risen.
                                                                                                                                              yea kind of stupid. i remember the last oil spike where your grocery bill doubled overnight even if you are a vegetarian.

                                                                                                                                              every aspect of your life is based around vehicles and they will pass the cost on.

                                                                                                                                                Comment

                                                                                                                                                • directfiesta
                                                                                                                                                  Too lazy to set a custom title
                                                                                                                                                  • Oct 2002
                                                                                                                                                  • 30135
                                                                                                                                                  #37
                                                                                                                                                  Originally posted by Vendzilla
                                                                                                                                                  Obama just said in a speech that during his presidency we're drilling more oil than the two previous presidencies. So supply and demand is out since demand is down.

                                                                                                                                                  Of course he failed to mention that getting to where we are at oil production takes years after approval from an administration. Obama taking credit for what Bush did? Then he went on about how good the auto industry is doing, wait wasn't the auto bail out signed by Bush?
                                                                                                                                                  Tarp was signed October 3rd 2008
                                                                                                                                                  Racist hatred makes you blind ...

                                                                                                                                                  I know that Asspimple is stoopid ... As he says, it is a FACT !

                                                                                                                                                  But I can't figure out how he can breathe or type , at the same time ....

                                                                                                                                                    Comment

                                                                                                                                                    • directfiesta
                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                      • Oct 2002
                                                                                                                                                      • 30135
                                                                                                                                                      #38
                                                                                                                                                      Originally posted by raymor
                                                                                                                                                      Can you explain for us simpletons how investing in a company that drills or refines oil increases prices? To a simple minded person like myself, it would seem that investing in wells or refineries would increase supply and thefore REDUCE prices. Please explain.

                                                                                                                                                      I'm curious too, with about $18 trillion in gas being used each year, how does $1 billion in hedges or speculation have any effect at all? I mean, that's about 0.0004% of the market.

                                                                                                                                                      How does 0.0004% make a bigger difference than the 14% direct tax on gas, plus the indirect taxes?
                                                                                                                                                      Dummy, they speculate on futures ... ( like future delivery price ).
                                                                                                                                                      Could go deeper in the explanation, but you at least admit that you do not have the intellect to comprehend it
                                                                                                                                                      I know that Asspimple is stoopid ... As he says, it is a FACT !

                                                                                                                                                      But I can't figure out how he can breathe or type , at the same time ....

                                                                                                                                                        Comment

                                                                                                                                                        • raymor
                                                                                                                                                          Confirmed User
                                                                                                                                                          • Oct 2002
                                                                                                                                                          • 3745
                                                                                                                                                          #39
                                                                                                                                                          Originally posted by directfiesta
                                                                                                                                                          Dummy, they speculate on futures ... ( like future delivery price ).
                                                                                                                                                          Could go deeper in the explanation, but you at least admit that you do not have the intellect to comprehend it
                                                                                                                                                          No, please go ahead and explain how "more people invest in oil company stock" (increasing supply) somehow raises prices. Those of us who just understand basics such as supply and demand would appreciate the education.

                                                                                                                                                          If you'd prefer to change the topic and instead talk about futures, perhaps you can explain that. It seems to me, and most simple business executives I'd guess, that if six months ago I prepaid for today's gas at $3.00, I have much less need for $4.00 gas. I already locked in the $3.00 price when I bought the future contract (10,000 gallon prepaid gas card).

                                                                                                                                                          To people who just run companies all day, buying and selling things, it would seem that the ability to lock in future expenses at today's prices would tend to even out fluctuations in pricing.

                                                                                                                                                          Perhaps you can explain that. Or, you could think for ten seconss and realize basic common sense shows your idealogical blame game to be goofy.
                                                                                                                                                          Last edited by raymor; 03-19-2012, 08:38 PM.
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                                                                                                                                                            • Vendzilla
                                                                                                                                                              Biker Gnome
                                                                                                                                                              • Mar 2004
                                                                                                                                                              • 23200
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by directfiesta
                                                                                                                                                              Racist hatred makes you blind ...


                                                                                                                                                              You know your graph has zero to do with my statement?
                                                                                                                                                              Last edited by Vendzilla; 03-20-2012, 06:15 AM.
                                                                                                                                                              Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                                                                                                                                                              think about that

                                                                                                                                                                Comment

                                                                                                                                                                • Vendzilla
                                                                                                                                                                  Biker Gnome
                                                                                                                                                                  • Mar 2004
                                                                                                                                                                  • 23200
                                                                                                                                                                  #41
                                                                                                                                                                  [QUOTE=porno jew;18833744]
                                                                                                                                                                  Originally posted by Vendzilla
                                                                                                                                                                  Obama ......................./QUOTE]

                                                                                                                                                                  baddog is probably right.
                                                                                                                                                                  The prices to come up during the summer months, historically, this is the time of the year when the prices are just starting to come up from a bottomed out price
                                                                                                                                                                  Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                                                                                                                                                                  think about that

                                                                                                                                                                    Comment

                                                                                                                                                                    • RebelR
                                                                                                                                                                      Confirmed User
                                                                                                                                                                      • Feb 2005
                                                                                                                                                                      • 1998
                                                                                                                                                                      #42
                                                                                                                                                                      Originally posted by bronco67
                                                                                                                                                                      My next car is a Prius, so I say the gas and oil companies can go fuck themselves. I put 80 bucks in my Nissan Murano today, and I'm tired of that gas guzzler. That thing gets about 15 miles per gallon at best.
                                                                                                                                                                      A lot of it is how you drive, Top Gear did a test with a BMW M3 and a Prius. Prius raced around a track and the M3 just had to keep up. The Prius consumed more fuel.
                                                                                                                                                                      Rich"at"rebel-ads.com
                                                                                                                                                                      ICQ 644377336 or MSN ruralx"at"hotmail.com

                                                                                                                                                                        Comment

                                                                                                                                                                        • Qbert
                                                                                                                                                                          Confirmed User
                                                                                                                                                                          • Jun 2004
                                                                                                                                                                          • 813
                                                                                                                                                                          #43
                                                                                                                                                                          Originally posted by raymor
                                                                                                                                                                          Can you explain for us simpletons...
                                                                                                                                                                          Rent the movie Trading Places. In addition to being rather entertaining and having some naked Jamie Lee Curtis boobies, it shows an extreme example of how commodities speculation effects market price. In this case, frozen concentrated orange juice FCOJ, rather than gasoline.

                                                                                                                                                                            Comment

                                                                                                                                                                            • PR_Glen
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Oct 2006
                                                                                                                                                                              • 9058
                                                                                                                                                                              #44
                                                                                                                                                                              Originally posted by raymor
                                                                                                                                                                              No, please go ahead and explain how "more people invest in oil company stock" (increasing supply) somehow raises prices. Those of us who just understand basics such as supply and demand would appreciate the education.

                                                                                                                                                                              If you'd prefer to change the topic and instead talk about futures, perhaps you can explain that. It seems to me, and most simple business executives I'd guess, that if six months ago I prepaid for today's gas at $3.00, I have much less need for $4.00 gas. I already locked in the $3.00 price when I bought the future contract (10,000 gallon prepaid gas card).

                                                                                                                                                                              To people who just run companies all day, buying and selling things, it would seem that the ability to lock in future expenses at today's prices would tend to even out fluctuations in pricing.

                                                                                                                                                                              Perhaps you can explain that. Or, you could think for ten seconss and realize basic common sense shows your idealogical blame game to be goofy.
                                                                                                                                                                              because that's not what he said.. he said the stock prices go up when the prices of gas goes up.. how is that even an argument here?
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                                                                                                                                                                                • Tom_PM
                                                                                                                                                                                  Porn Meister
                                                                                                                                                                                  • Feb 2005
                                                                                                                                                                                  • 16443
                                                                                                                                                                                  #45
                                                                                                                                                                                  Pick up a Moped or 50cc street bike. You'll get like 70 or 100 miles to the gallon and you can backpack and saddlebag your groceries home that way. I was around during the shortage in the 70's, so you go with what you know. Honda pretty much took off with the introduction of the Honda 50 in the 70's.
                                                                                                                                                                                  43-922-863 Shut up and play your guitar.

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                                                                                                                                                                                    • raymor
                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                      • Oct 2002
                                                                                                                                                                                      • 3745
                                                                                                                                                                                      #46
                                                                                                                                                                                      Originally posted by PR_Glen
                                                                                                                                                                                      because that's not what he said.. he said the stock prices go up when the prices of gas goes up.. how is that even an argument here?
                                                                                                                                                                                      He said "gas prices go up because of speculation - more people buy stock in oil companies."

                                                                                                                                                                                      On the other hand, supply is obviously affected by the fact that we haven't been allowed to add any new refineries since 1976. Think about if since 1976 no one was allowed to start producing content. You had to buy only from photographers who started shooting in 1976 or earlier. How do you think that would affect rhe price of content? That's exactly what the greenies have done with gas - no new refineries, no drilling here, no drilling there, no new pipelines = supply doesn't keep up with demand = prices go up.
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                                                                                                                                                                                        • directfiesta
                                                                                                                                                                                          Too lazy to set a custom title
                                                                                                                                                                                          • Oct 2002
                                                                                                                                                                                          • 30135
                                                                                                                                                                                          #47
                                                                                                                                                                                          Originally posted by raymor
                                                                                                                                                                                          He said "gas prices go up because of speculation - more people buy stock in oil companies."

                                                                                                                                                                                          On the other hand, supply is obviously affected by the fact that we haven't been allowed to add any new refineries since 1976. Think about if since 1976 no one was allowed to start producing content. You had to buy only from photographers who started shooting in 1976 or earlier. How do you think that would affect rhe price of content? That's exactly what the greenies have done with gas - no new refineries, no drilling here, no drilling there, no new pipelines = supply doesn't keep up with demand = prices go up.
                                                                                                                                                                                          Again, misinformation or repeating half truth/modified/enhanced/adapted talking points ....

                                                                                                                                                                                          In 2009 through 2010, as revenue streams in the oil business dried up and profitability of oil refineries fell due to lower demand for product and high reserves of supply preceding the economic recession, oil companies began to close or sell refineries.
                                                                                                                                                                                          http://en.wikipedia.org/wiki/Oil_refinery

                                                                                                                                                                                          In fact, oil companies in the U.S. perceive obtaining a permit to build a modern refinery to be so difficult and costly that no new refineries have been built (though many have been expanded) in the U.S. since 1976. More than half the refineries that existed in 1981 are now closed due to low utilization rates and accelerating mergers.[20] As a result of these closures total US refinery capacity fell between 1981 to 1995, though the operating capacity stayed fairly constant in that time period at around 15,000,000 barrels per day (2,400,000 m3/d).[21] Increases in facility size and improvements in efficiencies have offset much of the lost physical capacity of the industry. In 1982 (the earliest data provided), the United States operate 301 refineries with a combined capacity of 17.9 million barrels (2,850,000 m3) of crude oil each calendar day. In 2010, there were 149 operable U.S. refineries with a combined capacity of 17.6 million barrels (2,800,000 m3) per calendar day.
                                                                                                                                                                                          So, basically , it is all about the profit of your big subsidized oil conglomerate .... Cheaper to get it processed outside the USA ....

                                                                                                                                                                                          Anymore half-truth to spin ?
                                                                                                                                                                                          I know that Asspimple is stoopid ... As he says, it is a FACT !

                                                                                                                                                                                          But I can't figure out how he can breathe or type , at the same time ....

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                                                                                                                                                                                            • directfiesta
                                                                                                                                                                                              Too lazy to set a custom title
                                                                                                                                                                                              • Oct 2002
                                                                                                                                                                                              • 30135
                                                                                                                                                                                              #48
                                                                                                                                                                                              Originally posted by Vendzilla


                                                                                                                                                                                              You know your graph has zero to do with my statement?
                                                                                                                                                                                              You blame directly OBAMA , or Barry, or Obumer, or NoBama for the increase in price ...

                                                                                                                                                                                              Explain to me how OBAMA got the price of gas to go up as well in France in Germany, with the exact same pattern .... ??? Please, take your time ...

                                                                                                                                                                                              PS: notice the price going up as well under Bush till the recession hit... again in all countries ...
                                                                                                                                                                                              I know that Asspimple is stoopid ... As he says, it is a FACT !

                                                                                                                                                                                              But I can't figure out how he can breathe or type , at the same time ....

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                                                                                                                                                                                                • PR_Glen
                                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                                  • Oct 2006
                                                                                                                                                                                                  • 9058
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  Originally posted by raymor
                                                                                                                                                                                                  He said "gas prices go up because of speculation - more people buy stock in oil companies."

                                                                                                                                                                                                  On the other hand, supply is obviously affected by the fact that we haven't been allowed to add any new refineries since 1976. Think about if since 1976 no one was allowed to start producing content. You had to buy only from photographers who started shooting in 1976 or earlier. How do you think that would affect rhe price of content? That's exactly what the greenies have done with gas - no new refineries, no drilling here, no drilling there, no new pipelines = supply doesn't keep up with demand = prices go up.
                                                                                                                                                                                                  ahh in that case I can agree with this

                                                                                                                                                                                                  The problem is even worse in Canada, refineries shutting down because they refused to update them so now we have to export crude to the US to refine it so we have to buy back our gas from you and we pay more for gas in the process. Which is ridiculous.
                                                                                                                                                                                                  webmaster at pimproll dot com

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                                                                                                                                                                                                    • raymor
                                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                                      • Oct 2002
                                                                                                                                                                                                      • 3745
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      Originally posted by directfiesta
                                                                                                                                                                                                      Again, misinformation or repeating half truth/modified/enhanced/adapted talking points ....



                                                                                                                                                                                                      http://en.wikipedia.org/wiki/Oil_refinery



                                                                                                                                                                                                      So, basically , it is all about the profit of your big subsidized oil conglomerate .... Cheaper to get it processed outside the USA ....

                                                                                                                                                                                                      Anymore half-truth to spin ?
                                                                                                                                                                                                      Read the very first sentence of your own quote. YOUR post said:

                                                                                                                                                                                                      In fact, oil companies in the U.S. perceive obtaining a permit to build a modern refinery to be so difficult and costly that no new refineries have been built
                                                                                                                                                                                                      According to YOUR source, the problem is that it's so difficult and expensive to get a permit to build a modern refinery that none have been built since 1976.

                                                                                                                                                                                                      Back off for a second from reading only the parts that support some political idealogy and actually read your own source. It makes you a much more intelligent and well rounded person. Just because you generally agree with Obama or whoever doesn't mean you have to close your eyes and ignore facts he'd rather you not see, even as you accidentally quote those facts. You can agree with him generally and still see that he's wrong on this issue.
                                                                                                                                                                                                      Last edited by raymor; 03-20-2012, 10:14 AM.
                                                                                                                                                                                                      For historical display only. This information is not current:
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                                                                                                                                                                                                      Strongbox - The next generation in site security
                                                                                                                                                                                                      Throttlebox - The next generation in bandwidth control
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