A Pretty Good Explanation of Gas Prices

[Duncan]

A much better explanation of the function speculation performs in the market than I can give. BTW, Walter Williams is as libertarian an economist as you'll find:

Scapegoating Speculators by walter williams

I like WW . I concur with him about government interference .
He dealt with the Futures market in the form that it was intended ... to level out the prices of commodities for the sake of stability .

It was shown ... and I don't have the links at hand .. that when oil hit the 150 mark there was manipulation .
With in the Futures market and the physical supply .

I am not for regulating futures .. as a matter of fact that market is regulated less , in some respects than the NYSE and CBOE - options .

I was just putting out info .. food for thought .

Thanks
Duncan

Ahhh for the good old days .....

Gas Lines

 

[Regionnus Rattis]

As opposed to Taco Bell, which can only have beef in it from 88% of those 1000 cows.

Taco Bell actually has beef in their stuff???

 

[rambone]

As opposed to Taco Bell, which can only have beef in it from 88% of those 1000 cows.

Taco Bell actually has beef in their stuff???

I think the correct figure is around 30% actual beef.

 

[moea222]

why is the price in europe and japan, for example, so much higher than it is for us in the US?

 

[edsinger]

why is the price in europe and japan, for example, so much higher than it is for us in the US?

Because of the 10 million barrels a day we use, we produce 5 million of them. The others very little, except UK but their prices are mostly taxes.


We have our own oil, but the environazi's will not let us drill for it.

 

[CarmelHP]

Because of the 10 million barrels a day we use, we produce 5 million of them. The others very little, except UK but their prices are mostly taxes.


We have our own oil, but the environazi's will not let us drill for it.

Remember, it's a fungible, globally traded commodity. The raw material price won't differ much due to where it's produced because of arbitraging absent government edict. I would say that in all the European nations the price difference is due to taxes and government surcharges.

 

[Mike H]

Environazis control the politicians who wont let us drill for it.

 

[BigMatt]

If you look at the article dross references, it doesn't once mention Obama. Just Google "gas prices bush" and see how many hits you come up with.

In fact, as I was perusing the links I got from Google, I found this article:

Networks Link Bush to 'Skyrocketing' Gas Prices 15 Times More Than Obama

 

[grizman]

All the while big oil just keeps raking in record breaking profits in the billions each quarter! But wait their not at fault for the higher prices, they are victims of the global market same as us??
Price fixing, rigged futures speculation? YES on a global scale.

 

[dross]

All the while big oil just keeps raking in record breaking profits in the billions each quarter! But wait their not at fault for the higher prices, they are victims of the global market same as us??
Price fixing, rigged futures speculation? YES on a global scale.

Do you even know what a "profit" is?