What is happening to the world?

[MysteriousSquirrel]

One reason that oil and gas prices have yet to show exceptional deflation is due a high profit rate. Oil companies have been making insane profits for the last few years, almost 30% more than when gas was $2/gallon, and now that they can get it for less, they aren't gonna let is go down very quickly. They are gonna milk it for all they can before it becomes REALLY overpriced.

 

[Knight Templar]

This is a whole bunch of threads put together, does that mean it hasn't been done before?

We've been runing out of oil since the 5o's.

 

[howard_hughes]

This is a whole bunch of threads put together, does that mean it hasn't been done before?

We've been runing out of oil since the 5o's.

LOL. try 1910 when the first bell curve theory was published on the matter.

As for the war... what is this number 23 for 2008 so far? Really wars are every where, you want to get into a career that's got limitless growth and profit potential? Try mercenary work, it's been good business since well before a man by the name of Christ started a cult after all. Just be sure to get out before someone decides to have you canonized for your good works.

 

[BallPtPenTheif]

One reason that oil and gas prices have yet to show exceptional deflation is due a high profit rate. Oil companies have been making insane profits for the last few years, almost 30% more than when gas was $2/gallon, and now that they can get it for less, they aren't gonna let is go down very quickly. They are gonna milk it for all they can before it becomes REALLY overpriced.

Another reason is the speculation market. Since everybody thinks that oil prices are always going to go up, everybody is buying up and hording all the oil. People are doing this without even knowing about it since their 401K program and company stock portfolio will be doing the purchasing for them.

So even increasing the rate of production might not help if assholes keep buying up all the oil.

 

[howard_hughes]

So even increasing the rate of production might not help if assholes keep buying up all the oil.

Those 'assholes' make sure we'll have oil for years to come, if we didn't have them then we'd still be paying $.50/gal. up until we ran out of it back in 1994. Speculators keep the seas tranquil by keeping prices steady, if that makes sense.

 

[John Galt]

So even increasing the rate of production might not help if assholes keep buying up all the oil.

Those 'assholes' make sure we'll have oil for years to come, if we didn't have them then we'd still be paying $.50/gal. up until we ran out of it back in 1994. Speculators keep the seas tranquil by keeping prices steady, if that makes sense.

Or they just jack up the price to the point where it is impossible to use in the quantities it's being produced in. I'm not sure that the speculators are in it to protect our economy so much as make boatloads of money without lifting a finger. But hell, I could stand in the checkout line at a supermarket and tell you to pay me extra for every orange you buy and call it conservation.

On the Russians, while they're certainly not the shining knights coming to rescue the oppressed Ossetians, I don't think the Georgians are any better. They respond to underhanded Russian tactics with "LOL let's start shelling villages". It's like when the two retarded kids get in a fight, one gets his nose bloodied and the other gets the fish-eye for the rest of recess.

 

[LewsTherin]

Yeah, so basically: Shit Happens

QED.

The thing is, gas is cheaper in HAWAII where they have to get it freaking shipped in than in Calgary which is close to where they fricken pump it out of the fricken ground!

/rant

 

[Fire Daemon]

Don't worry MGG, you'll live to review another day.

 

[howard_hughes]

So even increasing the rate of production might not help if assholes keep buying up all the oil.

Those 'assholes' make sure we'll have oil for years to come, if we didn't have them then we'd still be paying $.50/gal. up until we ran out of it back in 1994. Speculators keep the seas tranquil by keeping prices steady, if that makes sense.

Or they just jack up the price to the point where it is impossible to use in the quantities it's being produced in. I'm not sure that the speculators are in it to protect our economy so much as make boatloads of money without lifting a finger. But hell, I could stand in the checkout line at a supermarket and tell you to pay me extra for every orange you buy and call it conservation.

Speculators are motivated by money, so is everyone else. They just so happen to be regulating the markets naturally, then again I suppose we could just put a price cap on it like we did in the 70's that worked out so well.

QED.

The thing is, gas is cheaper in HAWAII where they have to get it freaking shipped in than in Calgary which is close to where they fricken pump it out of the fricken ground!

/rant

Refining the stuff isn't done on site.