popeye1250
Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline
|
quote:
ORIGINAL: Termyn8or
"We're going to have to really hurt the oil companies before there's going to be any changes. "
Essentially correct, but not thought out. How would we do that ? Granted less demand might have a positive effect, but if push came to shove it is still their product to sell. Therein lies the problem. As long as the oil money runs this government nothing is going to change.
Gas is four bucks a gallon, if by some miracle tomorrow we found a way to only buy one gallon for every ten we buy now, they would find a way to make it forty bucks a gallon. Instead of us telling them they can't sell here, how about they say they are pulling out ? They will become the biggest supplier somewhere else. Then they will do to them what they did to us, but in the meantime we lost.
Another government may reign them in, not put up with this shit, but here it is way too late.
Know what though ? Oil companies are fucking stoooooooopid. They are burning the golden goose. To explain; they have no fear of what the US government could do to them because they see China as an emerging market.
Fact : China supplies cheap goods world wide. Some good, some not so good. They have markets and those markets depend on low prices. Low prices depend on low wages. Do you think they are going to be able to pay people enough to afford these gas prices. What percentage of people in China own an automobile ?
Now from what I understand from what I heard and read is that there are alot more options than an automobile, things like Vespas, little scooters, things like that. I have also seen that there is traffic congestion there, something they don't like. Of course neither do we.
China is a competitive market for oil, but not for gas, for other reasons. There are always going to be only a certain percentage of people there who can have a car. There is no way everyone could drive. But then industry's needs usurp the people's needs so that is what it goes for. Without oil there is no plastic, and just about everything they make is made of plastic. Or mostly.
I wonder if acetylene and tar have gone up commensurately with gas ? Hmmmm. How much has floor tile gone up ? Yup.linoleun is the stuff they scrape out after the tar basically. Then they send it through some big rollers and then paint it. There is no part of the oil that goes unused.
So there are other factors on demand, but they stay relatively constant compared to the demand for those things which propel and heat. Those are more seasonal. Demand for other petroleum derivitaves is not so volatile in the short run.
T
Term, good post and you're essentially correct in most of those things.
The thing is it's not just people in China who won't be able to afford it, there are a lot of people in this country right now who can't afford it.
And right now it's pushing us into a reccession.
In a way I hope it does go up a lot more because I'll sell my car and do without one.
And (greed) at a certain point it's going to really pay to buy gasoline futures on the way down (puts).
There is a hell of a lot of resistance here at $4 per gallon. I doubt that it (can) go up to $5 a gallon, the economy would crash. We (are) in a reccession right now!
I'd rather listen to Warren Buffet than Bush or "the govt." any day!
No more $12 per hour jobs, cos. would have to pay people $15-$20 per hour further exacerbating inflation just to get them to drive into work.
Among other things the Depression of 1929 was caused by too much money in too few hands.
At a certain point it will become a "national security" issue.
But, we essentially have no president in the W.H. to do anything about it!
The rich people got "their guy" in!
That's why I laugh when people try to call Bush, " a Republican."
He's not, he's a schill, a mouthpiece for big business.
Big business has made out like bandits over the last eight years and The People have gotten further behind.
It was never about "Iraq" it's about the "Contractors" in Iraq who are raping the Taxpayers.
Do you think they're working for $12 an hour? But, they'll tell "you" to work for $12 an hour won't they?
I believe in public hangings.
When this is all said and done we're going to need to have trials and hang a whole bunch of people.
This ceased to be "capitalism" a long time ago.
Who would you trust more, Warren Buffet or George Herbert Hoover Bush?
Greed will get you every single time.
< Message edited by popeye1250 -- 6/11/2008 11:01:11 AM >
_____________________________
"But Your Honor, this is not a Jury of my Peers, these people are all decent, honest, law-abiding citizens!"
|
‘Perhaps 60% of today’s oil price is pure speculati... - 
Profile
New Messages
No New Messages
Hot Topic w/ New Messages
Hot Topic w/o New Messages
Locked w/ New Messages
Locked w/o New Messages
Post New Thread