Coming Down (Full Version)

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cuddleheart50 -> Coming Down (9/17/2006 5:03:23 PM)

Gas prices....why is that????  Why do they go up and down....its crazy!!!



puella -> RE: Coming Down (9/17/2006 5:12:39 PM)

There is a very important election coming up.



stockingluvr54 -> RE: Coming Down (9/17/2006 5:34:28 PM)

prices per barrel are controlled by speculators in the futures market.... this eventually effects pump prices.

There'll be some nay-sayers with crap like conspiricies....elections...price gouging...etc. but they generally just can't grasp the fact that prices are due to the futures market and speculators. Always have been....always will be. I'm not saying there isn't some skimming off the top going on but for the most part....the market dictates the price






juliaoceania -> RE: Coming Down (9/17/2006 5:54:12 PM)

quote:

ORIGINAL: puella

There is a very important election coming up.

Exactly my thoughts



sissifytoserve -> RE: Coming Down (9/17/2006 6:21:00 PM)

I dont buy into the "were running out of oil" crap.


Oil isnt just from fossils...its also abiotic. It regenerates from the earths core.

I definately beleive politics and big money manipulate the prices.

The best thing we can do to make them suffer is buy LESS or little of it as possible.

And you Bush worshippers who want to "fight terrorism" (although I know who the REAL terrorists are)and
dependency on "towelhead" Arab oil...why don't
you give up on that big Ford Excursion you drive to work...and drive a hybrid instead?



cuddleheart50 -> RE: Coming Down (9/17/2006 6:23:15 PM)

why don't
you give up on that big Ford Excursion you drive to work...and drive a hybrid instead?


I totally agree with that one!



sissifytoserve -> RE: Coming Down (9/17/2006 6:28:19 PM)

No offense to the hardworking people who absolutely have to use trucks in their daily work.

You guys/gals get hit the hardest.



Lashra -> RE: Coming Down (9/17/2006 8:25:47 PM)

Its getting near election time, they always come down then. Amazing isnt it?

~Lashra



Archer -> RE: Coming Down (9/17/2006 9:10:06 PM)

HAving worked in the industry in the past, I can tell you that rising price at the pump is effected by speculators most of all, and the fall slower is speculators again first and formost. Add to that the fact that supply and demand have been messed with by Katrina long after most people forgot that it had anything to do with the price at all.

Several refineries out of commission for months will drive the price right up. Followed by purchasing of refined gasoline from foriegn refineries which is what has supply and demand swinging back towards the lower prices now.

People want to scream about "RECORD PROFITS" but they seem not to think about the fact that the Record profit is in dollar amounts only not in percentages. That record profit of 10 billion dollars for a quarter was return on an investment of 10 Trillion dollars. A 10% profit on the money invested. There are many other industries that have much higher margins of profits.

$ per barrel gives a indication of what the price will do, assuming nothing else changes in the meantime, however change things like refinning capacity, and the price per barrel become far less an influence on the price at the pump. This is a large part of what happened after Katrina, refining capacity reduced so supply dropped until they were able to put some of the refineries back online, and then to make up the refining capacity they could not get back online even now, they began buying refined gasoline from other nations. So now supply and demand have gotten back to levels pre Katrina and thus pries will drop to the levels they were then. (more or less) and maybe a bit lower sincce we are entering the winter time when the refinning process is simpler for the winter blends. Winter blends are cheaper because the additives and such are not as needed to prevent polution/ smog which is a greater problem in the hot summer months.




StrongButKind -> RE: Coming Down (9/17/2006 9:32:07 PM)

quote:

ORIGINAL: Lashra

Its getting near election time, they always come down then. Amazing isnt it?

~Lashra



Elections are always in the fall and prices drop at the end of the summer when energy use peaks.

A lot of the drop in prices right now is this effect combined with the fact that the markets had already over-reacted (some say pricing in potential hurricane effects after last year, but assigning such specific things to market forces is more than a bit much).

That said, there is a decent argument that Bush's Saudi friends released oil in advance of the 2004 election. Whether he asked them to or they did it on their own to help him seems irrelevant -- either way, it should be pretty clear how tight he is with the Saudi royal family.





subfever -> RE: Coming Down (9/17/2006 10:16:06 PM)

quote:

ORIGINAL: cuddleheart50

Gas prices....why is that????  Why do they go up and down....its crazy!!!


Prices in all commodities are primarily driven by both fundamental and technical effects in the futures marketplace.

Generally speaking, fundamental effects equate to supply and demand, which can be greatly influenced by natural weather calamities (draughts, floods, hurricanes, etc.) and geo-political instabilities (wars, extreme acts of terrorism, change of political power by use of force, closing of ports of entry & departure, etc.)

Technical effects are primarily influenced by investor emotions of fear and greed, often relative to the use of various chart systems, and price movements that pass through known technical points of support and resistance.

I have no doubt that market prices can be temporarily manipulated in either direction by elite money interests using various methods. However, over the long haul, I believe that prices eventually balance out primarily due to supply and demand.  



Kedicat -> RE: Coming Down (9/18/2006 12:16:08 AM)

In the long run they will continue to rise. But in the short term there is a silly disconnect between the reality of a finite resource and the magic of the free market supply and demand concept. There are also all sorts of price rigging on the actual exchange markets for oil and gas. They are apart from other markets in many ways, and very open to manipulation by many means.

The anouncement of the deep water well by chevron in the gulf also tilted the markets. Even though that field will not produce for many years and be very expensive oil to get.

Oil cartels can warp the whole scheme as well.
war and the threat of war.
Production is very tight. One or two bad events and the price can skyrocket. A calm period can also skew the price more than is rational.



LadyEllen -> RE: Coming Down (9/18/2006 3:18:36 AM)

Lets not forget what happened in South Park; all those people buying Hybrid cars led to such high smug levels that San Francisco disappeared up its own behind..........

Seriously though, we see the same in the UK, which is annoying for a country which produces a lot of oil itself. And we would all like to buy Hybrid cars and get away from reliance on oil products for fuel. But there is no infrastructure for it - presumably because we produce a lot of oil ourselves.

The morning news here reported on bio-fuels, and gave the amazing statistic that in the whole of the UK (50-60 million people) there are only ten filling stations offering this type of fuel in the country.

And lets not even get into the political end of why this is - lets just satisfy ourselves that its better to keep the Saudis on side by continuing to buy their oil, than it is to break free and maybe, just maybe save the planet.

E



philosophy -> RE: Coming Down (9/18/2006 5:04:12 AM)

"Oil isnt just from fossils...its also abiotic. It regenerates from the earths core."

........just curious, i've never heard of this mechanism for the production of oil before. Could you post a link as wikipedia is being oddly unhelpful.......



caitlyn -> RE: Coming Down (9/18/2006 8:21:02 AM)

I talked my foster parents into a 2007 Chevrolet Tahoe hybrid when they come out next year. There is actually a huge waiting list and they had to make a substantial deposit.



Chaingang -> RE: Coming Down (9/18/2006 8:29:17 AM)

quote:

ORIGINAL: philosophy
.......just curious, i've never heard of this mechanism for the production of oil before. Could you post a link as wikipedia is being oddly unhelpful.......


http://www.rense.com/general58/biot.htm

I don't necessarily agree with all of the conclusions there, but it should get you going. You can google "oil abiotic."

Heh. Strangely enough that link goes to a rather suspicious site. I think "sissifytoserve" might not approve...



KenDckey -> RE: Coming Down (9/18/2006 2:32:13 PM)

I was in a state of shock   I filled my 40 gallon truck for $2.35 a gallon today.



Estring -> RE: Coming Down (9/18/2006 2:59:37 PM)

I have to agree with Archer. The speculators and supply and demand. I sure wish the speculators were a little more on the optimistic side, lol.
And I guess it needs to be said. The president has nothing to do with gas prices going up or down.



UtopianRanger -> RE: Coming Down (9/18/2006 11:23:37 PM)

quote:

ORIGINAL: Chaingang

quote:

ORIGINAL: philosophy
.......just curious, i've never heard of this mechanism for the production of oil before. Could you post a link as wikipedia is being oddly unhelpful.......


http://www.rense.com/general58/biot.htm

I don't necessarily agree with all of the conclusions there, but it should get you going. You can google "oil abiotic."

Heh. Strangely enough that link goes to a rather suspicious site. I think "sissifytoserve" might not approve...



I find the theory of ''Peak Oil''  as ridiculous as the mythical cave in Afganistan.

Here's a link from another news source.

http://www.newswithviews.com/Monteith/stanley.htm



 - R

Edited to add : Boy would I love to see November 5th changed to July 5th [;)]







philosophy -> RE: Coming Down (9/19/2006 5:18:29 AM)

ok...not convinced by abiotic oil......sounds too much like a bit of anti-green pseudo science. Next they'll be telling us global warming doesn't exist and that theres some form of intelligent design driving life on earth..........



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