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Fuel Prices got you down?

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Bunch of new news stories over the weekend on Oil $$$

What pressure in 19.5's for mileage?

Yeah well, my republican senator is more liberal than the democrat senator from my state, but they're both dumb enough to vote against drilling in ANWR. Fortunately, my RINO republican good ol chuckie hagel realized he didn't have a snowballs chance because he angered pretty much all of his base and isn't running for re-election this year. Good riddence! I'm doing my part to get the bums out whenever possible!
 
this is the first time I really agree with this satatement- idea.

It is to the point that- we see people walking around that really seem content- and look again and see people with a sad look, wondering where they the next tank of gas is coming from; time to start stacking up the ammo and sand bags'''''''
 
HBARLOW,where do you get your info? I have never seen a shortage of fuel, I can always buy fuel. Even OPEC says there is no problem with supply. It is mostly a speculation problem, I am beginning to think that you have a vested interest in this game!



I get my information from various informed news sources and my own fundamental understanding of economics principles. You should visit your local library and ask a librarian to assist you in locating a book that would explain basic economics. It is a fundamental issue of supply and demand.



When limited quantities of anything are available and the demand exceeds available supply, prices rise. That is the case with crude oil. Our own consumption has risen every year as has the rest of the world's demand. Recently, China and India's economies have been booming due in part to industrialization so their demand for crude oil has soared. Overall worldwide demand for crude has driven up the price of a barrel of crude oil from the $50-$60 range to over $130. That is what primarily drives the price of motor fuel at the pump.



It is understandably easier to blame someone or some industry like "big oil" but that only shows an utter lack of understanding of the issues.



If you and 50 other potential buyers were searching for a clean, low-mileage late model used Dodge Ram and there were only one or two available common sense would tell you that the price would be high. On the other hand, if only two of you were looking and fifty were for sale, common sense would again tell you that the price would be lower and sellers would be willing to discount their Dodge to get a sale.
 
I respectively have to disagree with your supply and demand answer to the high oil prices. BTW, I do have a college degree, and am quite familier with ecomomic principals, etc.



The price of oil has, historically, been set by the principals of supply and demand. However, for the last several years, the price has been set by market manipulation of "investors" on wall street. This has caused the tripleing of prices, not supply and demand forces. BTW, have you ever noticed that, when some event happens or threatens to happen, the price spikes, but never comes down ? Even after the event has gone away ?
 
Clearly it was never a supply and demand issue, your a fool if you ever thought it was.



Sounds like a new form of insider trading to me... though I claim no working knowledge of the stock market!



I do wish I could buy all the cars I wanted to and then set the price for that cars thoughout the market! I'd sell my beloved CTD for a million dollars if this was the case and my Chevelle for a billion!
 
I see that Harvey is back to his old habit of making fun of the person rather than defending his position. It must be easier for some to critize than to recognize the truth
 
I see that Harvey is back to his old habit of making fun of the person rather than defending his position. It must be easier for some to critize than to recognize the truth



I provided a clear and succinct explanation. Either you don't understand the concept or your mind is closed to all but the liberal media's explanation.
 
Harvey... have you read the article in 'Why is oil $130 a barrel' thread in this forum. This to me, sounds more like the truth as to why our nations oil prices are so high. I honestly do not think it is S and D any longer and hasn't been for quite some time now. I'm asking that you read that thread and post back... i believe it will change your views on the subject!!



Alan
 
Alan,



No, and am not interested in reading it.



Unfortunately, a major political party and an influential political movement has created an alternative reality in the last few years. It is possible to read articles written by apparently educated and articulate writers who will attempt to persuade the easily persuaded that the sun rises in the west and rotates around the earth.



If some of you choose to believe that the industrialization and economic growth of China and India, and the huge volume of crude oil that is now being consumed by those two formerly backward countries is not driving up demand and therefore price, it is your right.



The political party that many of you vote for has been, for many years, champions of such government funded programs as CRP and other misguided programs that pay farmers not to grow various crops. This is just one of many but a good example. The reason they do that is to reduce production of whatever crop is planted in that particular region for the purpose of reducing supply which when demand remains constant... ... ... ..... increases commodity prices.



Supply and demand explain almost every economic question or issue.



Tractorrat:



The word "principal" that you used in the phrase "economic principal" is spelled "principle. " You may have missed that lecture when you studied economics.
 
Oh YAY! Thought-provoking debate has now turned into petty bickering and personal attacks. Amazing how much this resembles D. C. isn't it?



Can someone please check my spelling too? :-laf
 
HBarlow,

You caught me. Thank you so much for correcting my spelling. I did learn how to spell principal and principle, probably some time around the 2nd or 3rd grade.



I would bet that, had I agreed with your message, you would not have caught that misspelling. I've been around for a long time. And I've made the observation that people who want to make themselves feel important and knowledgeable, will typically "argue" against fact by trying to find a personal fault with everyone of different viewpoint.
 
Tractorrat,



If you think that about me you'd be wrong.



I'm happy to discuss the economic issues underlying the price of crude oil/diesel fuel with you as long as you'd like to discuss it.



I do not, however, accept conspiracy theories such as the "evil speculators" as the primary cause of high prices that was tossed in here.
 
HBarlow,

Oh, please don't misunderstand me.

1. Even though I believe that I have a pretty good idea of economic's and how it works through college education and a lifetime of being in business, I don't claim to be an economics expert, nor do I consider myself one. But, I do come up with my own ideas on the oil situation based on education, personal experience, common sense, and thinking for myself. I've been arouind long enough, and seen and heard enough, to have come to the realization (long ago) that, for the most part, whatever we hear on the news (whether from the pundits, a "news" report, or what have you. They will tell you a story that is "the facts" whether they know that to be true or not. And in most instances, the "reporter" has some kind of an agenda.



BTW, I don't believe in any conspiricy theory. But there doesn't have to be a conspiricy for the speculators to run up the price of oil. It is self perpectuating.
 
Harvey, it seems to me that you are the one believing what the liberal media is spreading, they are the ones that have been shouting the supply and demand issue. Again when prices have skyrocketed like they have recently, if it were a true supply and demand issue, there would be real constrainst on supply and we at times would have difficulty getting sufficient fuel. You have always been able to get all the fuel you want at any time from a tank full to a fleet of tankers full.
 
Does the last few days of sudden price swings not show how much speculation is involved in this?



Only to those with open minds but without personal agendas, who haven't already painted themselves into a corner with predjudiced, preconceived personal notions... ;):rolleyes:



Leading stock market analysts and commentators have pointed to Commodities traders/speculators as the defining cause of runaway inflation of crude oil prices, and resulting pump prices - as have a WIDE array of others close to the energy market - INCLUDING OPEC spokesmen themselves.



Any still clinging to the notion that what we're now experiencing is purely the result of healthy Free Enterprise and enviable USA Capitalism, probably also believes in Santa Claus and the Tooth Fairy... :p



What we're experiencing in runaway energy cost is ARTIFICIAL, and has little to do with classic basic or direct supply/demand principles - it's ALL about speculation and profit taking by investor middlemen who have absolutely NOTHING to do with oil exploration, production, or refining! :mad:
 
Speculators, the falling dollar value(thanks to the geniuses at the FED), our complete lack of common sense when it comes to an energy policy, all those things are playing a role. The only upside I can see is that high fuel prices are something that affects everyone in the U. S. and perhaps it will wake them up and make them pay attention to whats going on. Then they can call, write, picket, etc. their congressmen and tell them to let us drill domestically, start building more refineries, etc.
 
Only to those with open minds but without personal agendas, who haven't already painted themselves into a corner with predjudiced, preconceived personal notions... ;):rolleyes:



Leading stock market analysts and commentators have pointed to Commodities traders/speculators as the defining cause of runaway inflation of crude oil prices, and resulting pump prices - as have a WIDE array of others close to the energy market - INCLUDING OPEC spokesmen themselves.



Any still clinging to the notion that what we're now experiencing is purely the result of healthy Free Enterprise and enviable USA Capitalism, probably also believes in Santa Claus and the Tooth Fairy... :p



What we're experiencing in runaway energy cost is ARTIFICIAL, and has little to do with classic basic or direct supply/demand principles - it's ALL about speculation and profit taking by investor middlemen who have absolutely NOTHING to do with oil exploration, production, or refining! :mad:



+1

And, I am getting a little tired of being labeled a tin-foil hat wearing conspiracy theorist for pointing out what any rational person can see.
 
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