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Oil is way down
- Thread starter Tractorat
- Start Date
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it'd be about $1. 50 if the EPA would quit making the industry mix new crap to put in it or finding elements to remove from it.
the price won't go down until price competition drives it down..... no one wants to be the first to lose the obscene profits to be had.
in addition, there's still a LOT of folks going to the desert... ... by that i mean, we're all still buying it like the price is $2. 50.
jmo, j
j
the price won't go down until price competition drives it down..... no one wants to be the first to lose the obscene profits to be had.
in addition, there's still a LOT of folks going to the desert... ... by that i mean, we're all still buying it like the price is $2. 50.
jmo, j
j
i agree, i don't claim to know much about the merger situation but i believe these cats are at least on the same page with eachother to maximize profits... . either way equals no competition.
AMink
TDR MEMBER
"We have to use up the oil that we paid higher prices for before the price at the pump drops. " That's what they say when a barrel drops.
"The price of a barrel went up, so the price at the pump had to go up. " Then we ask, "What about the stuff you paid cheap prices for that you still have to use up?" "We don't know what you're talking about!":-laf
"The price of a barrel went up, so the price at the pump had to go up. " Then we ask, "What about the stuff you paid cheap prices for that you still have to use up?" "We don't know what you're talking about!":-laf
The stations around me have been dropping prices like crazy. Last week it seemed it was $0. 10 ever other day. Diesel is now around $3. 58 and I saw gas last night as low as $2. 83 if I remember.
The supply system does not respond daily. Major oil retailers have to have longer term contracts to purchase at a specified price. When the price of a barrel of oil declines it is not immediately reflected in the price of ordered quantities.
Likewise, when the price of a barrel of oil increases, the fuel retailer has to adjust his prices upward quickly because when he contracts for a large quantity of replacement fuel his purchase prices will increase so he has to have the funds available.
Gardner,
Have you ever run a business?
You have no idea what you are talking about. You are simply repeating the standard "we hate big business" mantra you hear at your labor union hall.
Do you really expect an oil company to provide petroleum products to you without making a profit? Do you work for free?
Yes indeed I do run a business, several in fact Harvey. What you are promoting is price gouging. Raise your prices just because the next purchase will cost you more but don't lower them when the next purchase will cost you less! Every business has to make a profit to stay in business but I think that you are the one that has a gouge the public mentality.
Well Gardner, since you "claim" to be a big business owner maybe you'll explain to us how after you have paid a certain price for your products you can lower the retail price of those same products below your wholesale cost because you read in the news that the price of the raw materials that are used in manufacturing your products has declined.
Also, please tell us how when you have paid a certain price for the products you stock and sell and marked them up at whatever margin you use to pay your costs and make a profit, you can not take into consideration that as you sell off inventory the cost of each replacement item you will buy to replenish stock will be at a higher cost.
Price gouging my xxx! If you don't understand these simple business concepts that I described above and think that is price gouging you are not in business. You are simply a typical union employee of someone else's company.
Your value system which is on display in your post above and in previous posts you have written harshly blaming and criticising the oil industry for making a profit is standard labor union rhetoric that is as old as labor unions themselves.
It is interesting that you claim to run several business entities but conceal your location and appear unwilling to tell us what business you own and where it/they are located.
Also, please tell us how when you have paid a certain price for the products you stock and sell and marked them up at whatever margin you use to pay your costs and make a profit, you can not take into consideration that as you sell off inventory the cost of each replacement item you will buy to replenish stock will be at a higher cost.
Price gouging my xxx! If you don't understand these simple business concepts that I described above and think that is price gouging you are not in business. You are simply a typical union employee of someone else's company.
Your value system which is on display in your post above and in previous posts you have written harshly blaming and criticising the oil industry for making a profit is standard labor union rhetoric that is as old as labor unions themselves.
It is interesting that you claim to run several business entities but conceal your location and appear unwilling to tell us what business you own and where it/they are located.
Gardner,
For your benefit I looked up the definition of "price gouging" on Wikopedia.
It appears you do not know what price gouging is . . . either.
"Price gouging is a pejorative term for a seller pricing much higher than is considered reasonable or fair. In precise, legal usage, it is the name of a felony that applies in some of the United States only during civil emergencies. In less precise usage, it can refer either to prices obtained by practices inconsistent with a competitive free market, or to windfall profits. Non-pejorative uses are generally in reaction to what the writer believes is an unjustified restraint on the market. [citation needed]
Economic theory suggests that, even in unusual circumstances, price ceilings prevent incentives for the supply of goods. For example, in a disaster situation, a very high price for equipment (e. g. tents) will prompt hugely increased supply of the relevant goods. Libertarians are among those who think firms should be allowed to charge what they want regardless of the circumstances.
As a criminal offense, Florida's law is reasonably typical. Price gouging may be charged when a supplier of essential goods or services sharply raises the prices asked in anticipation of or during a civil emergency, or when it cancels or dishonors contracts in order to take advantage of an increase in prices related to such an emergency. The model case is a retailer who increases the price of existing stocks of milk and bread when a hurricane is imminent. It is a defense to show that the price increase mostly reflects increased costs, such as running an emergency generator, or hazard pay for workers.
The term is similar to profiteering but can be distinguished by being short-term and localized, and by a restriction to essentials such as food, clothing, shelter, medicine and equipment needed to preserve life, limb and property. In jurisdictions where there is no such crime, the term may still be used to pressure firms to refrain from such behavior.
Some support the ability to raise prices under such circumstances, asserting that government prohibition of the practice is a violation of individual rights or that the ability to raise prices has beneficial effects or both. While some economists who defend the practice use the term "price gouging", others disparage it as merely pejorative.
The term is not in widespread use in economic theory but is sometimes used to refer to practices of a coercive monopoly which raises prices above the market rate that would otherwise prevail in a competitive environment. [1] Alternatively, it may refer to suppliers' benefiting to excess from a short-term change in the demand curve. "
For your benefit I looked up the definition of "price gouging" on Wikopedia.
It appears you do not know what price gouging is . . . either.
"Price gouging is a pejorative term for a seller pricing much higher than is considered reasonable or fair. In precise, legal usage, it is the name of a felony that applies in some of the United States only during civil emergencies. In less precise usage, it can refer either to prices obtained by practices inconsistent with a competitive free market, or to windfall profits. Non-pejorative uses are generally in reaction to what the writer believes is an unjustified restraint on the market. [citation needed]
Economic theory suggests that, even in unusual circumstances, price ceilings prevent incentives for the supply of goods. For example, in a disaster situation, a very high price for equipment (e. g. tents) will prompt hugely increased supply of the relevant goods. Libertarians are among those who think firms should be allowed to charge what they want regardless of the circumstances.
As a criminal offense, Florida's law is reasonably typical. Price gouging may be charged when a supplier of essential goods or services sharply raises the prices asked in anticipation of or during a civil emergency, or when it cancels or dishonors contracts in order to take advantage of an increase in prices related to such an emergency. The model case is a retailer who increases the price of existing stocks of milk and bread when a hurricane is imminent. It is a defense to show that the price increase mostly reflects increased costs, such as running an emergency generator, or hazard pay for workers.
The term is similar to profiteering but can be distinguished by being short-term and localized, and by a restriction to essentials such as food, clothing, shelter, medicine and equipment needed to preserve life, limb and property. In jurisdictions where there is no such crime, the term may still be used to pressure firms to refrain from such behavior.
Some support the ability to raise prices under such circumstances, asserting that government prohibition of the practice is a violation of individual rights or that the ability to raise prices has beneficial effects or both. While some economists who defend the practice use the term "price gouging", others disparage it as merely pejorative.
The term is not in widespread use in economic theory but is sometimes used to refer to practices of a coercive monopoly which raises prices above the market rate that would otherwise prevail in a competitive environment. [1] Alternatively, it may refer to suppliers' benefiting to excess from a short-term change in the demand curve. "
So no matter which direction the price is going I should rape the public? Harvey, I have worked all my life, not been on the government payroll like you have been. I do own and operate several businesses right now and I am not only the owner but do a vast majority of work myself. This forum was a much better place when you were off hiding in your hole because your theories were proven to be wrong. I am certain that you think that you are a very important and wise individual but your continued ranting and raving has proven you otherwise.
Gardner,
If you look back up this thread you will see that in post #9 I wrote a polite, generic post explaining a fundamental of why gas and diesel retail prices do not drop immediately when the price of crude oil drops. I did not address you or even mention your name.
In post #11 you rudely attacked me by writing that I was "talking out of both sides of my mouth. "
Then, in post #13 you insulted me again personally accusing me of "price gouging. "
I have simply demonstrated that you don't know anything about business, have no idea what you are writing about, and don't even know the meaning of the phrase "price gouging. "
As I said above, I doubt that you are anything but an employee. No one with your complete lack of understanding of the fundamental priciples of business could run a lemonade stand let alone "several businesses. "
If you don't like what I write don't read it. If you don't like being made a fool of, don't attack and insult me. If you want to challenge me to a debate I suggest you pick a subject which you understand.
If you look back up this thread you will see that in post #9 I wrote a polite, generic post explaining a fundamental of why gas and diesel retail prices do not drop immediately when the price of crude oil drops. I did not address you or even mention your name.
In post #11 you rudely attacked me by writing that I was "talking out of both sides of my mouth. "
Then, in post #13 you insulted me again personally accusing me of "price gouging. "
I have simply demonstrated that you don't know anything about business, have no idea what you are writing about, and don't even know the meaning of the phrase "price gouging. "
As I said above, I doubt that you are anything but an employee. No one with your complete lack of understanding of the fundamental priciples of business could run a lemonade stand let alone "several businesses. "
If you don't like what I write don't read it. If you don't like being made a fool of, don't attack and insult me. If you want to challenge me to a debate I suggest you pick a subject which you understand.
Harvey, I have a much better understanding of business than you ever will, I have not been an employee of anyone for at least 20 years, I have never been a union man as you have stated. It seem funny to me that you of all people you complain about personal attack. I am not trying to make a fool of you in any way shape or form, you are doing that by yourself just fine. Harvey your very best (in your mind) responses are when you attack the individual that does not agree with you.
Gardner,
Interesting self deception by you.
Please go back over this thread and point out one single fact, discussion, explanation, or argument you contributed to support your belief that oil companies are evil and greedy.
All I see is you jumped into the thread and rudely said I was talking out of both sides of my mouth which is an uneducated way of saying I am a hypocrite. Then you accused me of "price gouging. " I am not in business any longer so I'm not sure how you reached that conclusion. Then you accused me of being on a government payroll all my life, and said I was ranting and raving. That doesn't seem like an intelligent discussion or debate to me.
You are simply an uneducated man with opinions. You have nothing to support your opinions so you react angrily when someone expresses an opinion you don't like or agree with.
I don't see anything you have written that proves me wrong. In fact I don't see where you have contributed anything but angry insults.
Again, if you don't like my opinions I suggest you don't read them. If you attack me you will continue to look foolish . . . except in your own mind.
You still haven't told us what business you own.
Interesting self deception by you.
Please go back over this thread and point out one single fact, discussion, explanation, or argument you contributed to support your belief that oil companies are evil and greedy.
All I see is you jumped into the thread and rudely said I was talking out of both sides of my mouth which is an uneducated way of saying I am a hypocrite. Then you accused me of "price gouging. " I am not in business any longer so I'm not sure how you reached that conclusion. Then you accused me of being on a government payroll all my life, and said I was ranting and raving. That doesn't seem like an intelligent discussion or debate to me.
You are simply an uneducated man with opinions. You have nothing to support your opinions so you react angrily when someone expresses an opinion you don't like or agree with.
I don't see anything you have written that proves me wrong. In fact I don't see where you have contributed anything but angry insults.
Again, if you don't like my opinions I suggest you don't read them. If you attack me you will continue to look foolish . . . except in your own mind.
You still haven't told us what business you own.
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Issue 128 – Digital Version
Digital Magazines
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Subscribe
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Back Issues
Subscription Status
Address Change Form
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