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Old 04-23-2007, 08:40 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.

Spoiler!

Last edited by Donger; 10-10-2014 at 01:43 PM..
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Old 05-14-2007, 06:17 PM   #241
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Quote:
Originally Posted by Donger
So, you are going to delay filling up by one day, not skip an entire fill-up? In other words, you aren't going to reduce your demand at all?
Wait! We can reduce cigarette prices by a solid $0.50 a pack if everyone just doesn't buy smokes for a day! That would work for milk too, right?

S**t, let's just all buy nothing for a day and the price of everything will go down!
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Old 05-14-2007, 06:18 PM   #242
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Quote:
Originally Posted by luv
Eh, some of us prefer the cliff notes. I know I don't go all the way back and read all of long threads.
Are you serious?
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Old 05-14-2007, 06:21 PM   #243
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Quote:
Originally Posted by Donger
Are you serious?
I've stuck my foot in my mouth on several occasions by not doing so. I usually just go back until I've got an idea of what's going on. I may look like an idiot, but oh well.
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Old 05-14-2007, 06:21 PM   #244
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Quote:
Originally Posted by luv
Eh, some of us prefer the cliff notes. I know I don't go all the way back and read all of long threads.
The Gas Out is dumb and won't work.

Govt controls are dumb and don't work.

Both ideas have no basis in any economic reality.
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Old 05-14-2007, 06:25 PM   #245
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Quote:
Originally Posted by Simplex3
The Gas Out is dumb and won't work.

Govt controls are dumb and don't work.

Both ideas have no basis in any economic reality.
I completely agree with you. 100%. Not buying something for a day has zero economic effect in the long run if the demand will still be there on another day.

I was simply saying that I, too, did not know that had already been discussed in the thread. I didn't go back to read the whole thing.
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Old 05-14-2007, 06:30 PM   #246
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Quote:
Originally Posted by luv
I've stuck my foot in my mouth on several occasions by not doing so. I usually just go back until I've got an idea of what's going on. I may look like an idiot, but oh well.
Okay.

Well, let's start with this one day gasoline boycott idea. The idea is to hurt the oil companies (I assume) by removing their revenue. Great. However, since it seems that tommykat is not talking about skipping a fill-up, but only delaying it by a day, all it does is delay the sale by a day, not remove it entirely. Therefore, it does nothing. They still sell the same amount of fuel = demand does not decrease at all. The volume is the same. Oh, and if we don't buy the oil to refine the gasoilne from, someone else will. It's a GLOBAL commodity.

Make sense?

Price controls were tried once before. Remember (for you, probably in the history books) the "No Gas" signs and long lines at the pump? That was during the time when 'price controls' were in effect. The oil companies were forced to produce product below their cost to produce it. So, what did they do? Cut back drastically their output to limit their losses = shortage.

The fact remains that while high, gasoline is still relatively inexpensive.
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Old 05-14-2007, 06:33 PM   #247
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Quote:
Originally Posted by Donger
Okay.

Well, let's start with this one day gasoline boycott idea. The idea is to hurt the oil companies (I assume) by removing their revenue. Great. However, since it seems that tommykat is not talking about skipping a fill-up, but only delaying it by a day, all it does is delay the sale by a day, not remove it entirely. Therefore, it does nothing. They still seel the same amount of fuel = demand does not decrease at all. The volume is the same.

Make sense?

Price controls were tried once before. Remember (for you, probably in the history books) the "No Gas" signs and long lines at the pump? That was during the time when 'price controls' were in effect. The oil companies were forced to produce product below their cost to produce it. So, what did they do? Cut back drastically their output to limit their losses = shortage.

The fact remains that while high, gasoline is still relatively inexpensive.
Like I said, I understand that. I simply had not read through the thread to know that had already been discussed.
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Old 05-14-2007, 06:34 PM   #248
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Quote:
Originally Posted by luv
Like I said, I understand that. I simply had not read through the thread to know that had already been discussed.
Oh. I thought you asked for the Cliff Notes version.
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Old 05-14-2007, 06:35 PM   #249
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Quote:
Originally Posted by Donger
Oh. I thought you asked for the Cliff Notes version.
Ineffective communication on my part.
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Old 05-14-2007, 06:35 PM   #250
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I bought a bicycle...f**k the oil companies
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Old 05-14-2007, 06:36 PM   #251
Simplex3 Simplex3 is offline
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Quote:
Originally Posted by Donger
Oh. I thought you asked for the Cliff Notes version.
Actually, I think she's trying to get us (me) to soften up on TommyKat.
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Old 05-14-2007, 06:37 PM   #252
Donger Donger is offline
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Quote:
Originally Posted by luv
Ineffective communication on my part.
Okay. Well, thanks for making me write all that.

I shall have to spank you.
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Old 05-14-2007, 06:37 PM   #253
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Quote:
Originally Posted by Simplex3
The Gas Out is dumb and won't work.

Govt controls are dumb and don't work.

Both ideas have no basis in any economic reality.
Actually I'd love to see the state gas tax eliminated and the federal gas tax slashed
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Old 05-14-2007, 06:37 PM   #254
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Quote:
Originally Posted by DenverChief
I bought a bicycle...f**k the oil companies
No thanks on both counts.

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Old 05-14-2007, 06:37 PM   #255
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Please excuuuusse me if this question already came up, but.....

I've been reading, both in this thread and elsewhere, that the oil industry runs on about a 10% profit margin. What I'm wondering is, has that 10% margin been consistent over years or is that a recent number? The reason why I ask is that, obviously, if your margin is 10% then you'd rather be making 10% on an $80 barrell than 10% on a $40 barrel, assuming consumption stays the same. And if that's the case then I don't see where it would be in the oil industry's interest to be proactive in keeping the PPB down from their suppliers.

Am I missing something, perhaps being too simplistic? I can't claim to know the first thing about that business beyond how to put their product in my car.
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