Look forward to paying more for gas this summer
- Thread starter buckmasterson
- Start date
"Josh Sadler, vice president of energy trading for Société Générale, said in a report that Opec might have been trying to reassure investors."
Like Bin Laden?
KK
Lifer
- Jan 2, 2001
- 15,903
- 4
- 81
I don't understand all this oil crap. They say it should be higher in the summer since demand is higher, but in the winter you got all these homes using some type to oil product to warm their homes which jacks up the price. To me, it's a conspiracy with the oil companies and OPEC. Gas prices jump 10 cents at the pump overnight but it takes weeks to come back down. Also this supply and demand stuff is a farce, when was the last time we ran out of oil? 70's or so. That wasn't because demand was higher than the supply. The demand pretty much stays the same, do you think that cutting back OPEC production would lowerer demand, probably not. But I don't think that cutting back 10% will cause a supply problem, so why would oil prices rise? I don't get it, someone explain it to me.
KK
KK
"Trent Duffy, a White House spokesman, said: "It is our hope that producers do not take actions that undermine the American economy and American workers." So far, high oil prices have shown little sign of holding back the US economic recovery."
Not to worry, they'll still be plenty of the rich folks on the road in the U.S. according to the President.
rudder
Lifer
- Nov 9, 2000
- 19,441
- 85
- 91
You think? Of course it is, but maybe not to the extent you think it is. Look at the last couple of years when the stock market tanked. There was at least one industry cranking out tremendous profits. The oil companies have succeeded. We are now conditioned enough to think that $1.49 for a gallon of gas is cheap.
XZeroII
Lifer
- Jun 30, 2001
- 12,572
- 0
- 0
I guess no know knows crap about economics (surprise :roll
. OPEC is a Cartel. That means that they control the price of oil, period. If they want to make more money, they can. There are no regulations, or governing body to control them. They do as they please. Supply and Demand do not apply because demand is so overpowering.
. OPEC is a Cartel. That means that they control the price of oil, period. If they want to make more money, they can. There are no regulations, or governing body to control them. They do as they please. Supply and Demand do not apply because demand is so overpowering."This crap of bumping up the price 15 cents overnight is not right."
Awwwww, you don't agree with your fellow AT experts that this is absolutely neccessary by the Oil Barons, that it is all Supply and Demand? :Q
I hope the Oil Barons raise it so high that we have all these empty hulks of SUV's abandoned all over the place. It would be awesome, it would look like the beginnings of the makings of a scene from Terminator.
Considering that when adjusted for inflation, gas prices are still pretty cheap, bring on the higher prices! Get the lemmings out of their SUVs.
Hayabusa Rider
Admin Emeritus & Elite Member
- Jan 26, 2000
- 50,879
- 4,265
- 126
Yeah Cartels dont work. Someone in OPEC will cave to the almighty dollar and pump more than they are supposed to. Or Argentina and Mexico will get greedy and up production levels. Gas wont be any more expensive than it was last summer/is now.
Hayabusa Rider
Admin Emeritus & Elite Member
- Jan 26, 2000
- 50,879
- 4,265
- 126
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