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Old 04-23-2007, 09:40 AM  
Donger Donger is offline
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

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Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 05-06-2009, 01:53 PM   #1756
Calcountry Calcountry is offline
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Quote:
Originally Posted by Buzz Lightbeer View Post
How does my statement make me Mr. Chavez? All I'm saying is get rid of the artificial trading going on in the market. It may benefit the few (You?) while it hurt's the rest of the of us and the economy.
Tell the wizard to quit dumping so many dollars into the game then.
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Old 05-06-2009, 01:56 PM   #1757
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Quote:
Originally Posted by Donger View Post
I don't believe government control of a specific commodity is a good idea for us.
I didnt say the oil commodity should not be traded. I think it was deregulation of the energy market allowing this type of trading that was a bad idea.
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Old 05-06-2009, 01:57 PM   #1758
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Quote:
Originally Posted by Donger View Post
I don't believe government control of a specific commodity is a good idea for us.
And why the hell not? They already control credit, housing, and automobiles, why not go for oil?
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Old 05-06-2009, 02:22 PM   #1759
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Originally Posted by Calcountry View Post
And why the hell not? They already control credit, housing, and automobiles, why not go for oil?
OH, that's coming. Believe it.
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Old 05-06-2009, 02:39 PM   #1760
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Quote:
Originally Posted by Buzz Lightbeer View Post
I didnt say the oil commodity should not be traded. I think it was deregulation of the energy market allowing this type of trading that was a bad idea.
We tried price controls once before. It, well, wasn't very pretty.
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Old 05-06-2009, 03:26 PM   #1761
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Electricity and natural gas rates are regulated.
Thank God!
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Old 05-06-2009, 03:41 PM   #1762
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Electricity and natural gas rates are regulated.
Thank God!
The danger with regulating the price of crude (or the price of gasoline) is that it is a globally traded commodity. Since we generate most of our electricity from domestic sources and therefore don't have to compete with other countries for supply, regulation can work. The same is true for NG, of which we have plenty.
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Old 05-06-2009, 04:03 PM   #1763
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Quote:
Originally Posted by Donger View Post
We tried price controls once before. It, well, wasn't very pretty.
It's not price controls... It would just stop traders from betting on the price of oil that they will never take delivery of. Oil would still be traded.
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Old 05-06-2009, 04:08 PM   #1764
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Originally Posted by Buzz Lightbeer View Post
It's not price controls... It would just stop traders from betting on the price of oil that they will never take delivery of. Oil would still be traded.
And you would apply this control to traders beyond our shores? If so, how?
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Old 05-06-2009, 04:12 PM   #1765
Buzz Buzz is offline
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And you would apply this control to traders beyond our shores? If so, how?

Oh fug it... I hope we see the day when we dont need no stink'n oil.
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Old 05-06-2009, 04:22 PM   #1766
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Old 05-06-2009, 04:29 PM   #1767
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Quote:
Originally Posted by Buzz Lightbeer View Post
Oh fug it... I hope we see the day when we dont need no stink'n oil.
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Old 05-07-2009, 09:50 AM   #1768
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Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
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Old 05-12-2009, 04:48 PM   #1769
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Crude traded over $60 today. Gasoline retail prices are $0.15 higher today than one week ago.
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Old 05-12-2009, 04:56 PM   #1770
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