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Re: RV Fuel Issues & Prices - Post 'Em Here!
Don Smith.. Discounting events like Hurricanes the consumption of oil is and has been well below supply. There may well have been refineries built if the Govts at various levels had not made it nearly impossible. I suggest your talking points are flawed.327Views0likes0CommentsRe: RV Fuel Issues & Prices - Post 'Em Here!
There are those who believe this "supply and demand and hedging balgona", indeed and they believe in WMDS hidden in the sand and "rudolph the red nosed reindeer". Truth is the whole deal is run by thieves and dummies. Suppply went off with Rudolph somewhere today and RobinHood found the demand. And speaking of inflation..the plan is now to give the guy who was the "chief Thief" of one of the nests of thieves $700 billion and no rules about how to blow it..must be more hedging!!!327Views0likes0CommentsRe: RV Fuel Issues & Prices - Post 'Em Here!
Mr Jimbo has the right answers.. We require a Government that lets Business do the things they do well. Making money the "old fashioned way", by honestly investing and reaping honest returns. Government actions that influence winners and losers in business is wrong, socialist and in the end a trainwreck. If ethanol for instance is a winner without subsidies, so be it, but lets not back it with Tax money. If electric cars are winners let car builders foot the development costs. Let Government monitor and punish cheaters on all fronts, but not penalize honest winners.243Views0likes0CommentsRe: RV Fuel Issues & Prices - Post 'Em Here!
Strawfoot. The world has already had a failed example of Governmant directed and controlled industry and development. That was the USSR, even now Comunist China is far from that Marxist-Leninist/Socialist model. We need Legislators that help folks do and develope industries that are honest, and desired by folks willing to trade and buy them. Government direction of business and development is a sure road to perdition. Lets have "Change that works"!!202Views0likes0CommentsRe: RV Fuel Issues & Prices - Post 'Em Here!
For you "supply and demand "folks here's some more fodder: Thu Aug 07, 2008 at 02:45:34 PM PDT A recent data revision by the Commodities Futures Trading Commission has revised upward--by nearly 25%--the the total number of oil futures contracts thought to be held by speculators. According to the CFTC, as of July 15, speculators controlled 48% of the crude oil futures markets rather than the 38% they previously reported. The change appears to be the result of the reclassification of a single investor In reclassifying investments from commercial hedging positions to noncommercial speculative positions, the CFTC has said little about the reasons behind the shift. But the real surprise in the new numbers is that only one investor was reclassified--meaning that it appears that a single investor controlled 460 million barrels in market positions, or fully 10% of the market. CFTC officials are not saying who that single investor is, but the recent fall in oil prices coincides fairly closely with the collapse of SemGroup LP, an energy trader which filed for bankruptcy on July 22 after losing billions in oil futures and derivatives investments I have read other items that point to the Semgroup Bankruptcy. They lost $2.4 BILLION. Looks like the market for oil is easily manipulated.360Views0likes0CommentsRe: RV Fuel Issues & Prices - Post 'Em Here!
Having done work with statistics,I assure you you can cook up a chart to show most anything. But fact is production still exceeds demand, not by a lot but does. ""Charge what you can get" is surely not "supply and demand". It amounts to robbery. Supply and demand is business between honest folks based on the honesty of both. What we are seeing today as evidenced by the "oh my god the black rag gang in Iran fired a missle" lets boost the price is crooked. Sort of like a business deal where one party has a Pistol. Final point IF demand exceeds production find me the empty storage tanks!!324Views0likes0CommentsRe: RV Fuel Issues & Prices - Post 'Em Here!
Strawfoot.. Supply and demand are neat words to use..But thingss are are worth what they cost to produce plus a reasonable profit. Oil at it's current price does not fit that scenario. If you want to substitute "charge what you can get" for supply and demand, I'll buy your story. If you check around a bit you will find there still is production above demand. It may not continue to be so but at the moment it is. Price now is based on betting on what you can sell for. Price control is not needed but gambling control is needed. I think the ante for the bet should be increased dramatically.314Views0likes0Comments
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