U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Closed Thread Start New Thread
 
Old 11-13-2018, 10:31 PM
 
Location: Caribou, Me.
5,027 posts, read 3,586,994 times
Reputation: 3553

Advertisements

For one basic reason: when the price of crude rises (even a little), it almost instantly affects the price that consumers pay. But when crude prices drop, it takes MUCH longer for them to drop, even a little. This makes no sense, other than some perverted form of capitalism.
They have every right to be greedy and/or engage in collusion. And I have every right to wish them ill for it.

 
Old 11-13-2018, 10:36 PM
 
4,487 posts, read 5,361,641 times
Reputation: 4589
I'm just confused when I read stock market updates or economic reports and it mentions the Dow is down, S&P 500 is down, cites these reasons why, negative economic stuff, blah blah, etc., then crude oil was also down. Why is the last one thrown into that?! For 99.99% of everyone, oil being down is a GOOD economic thing! Everyone celebrates! Nobody cares if it's down in a negative way, seriously, nobody. I don't know anyone who wants high oil prices. Airlines, hotels, consumers, online retailers, shipping companies, everyone who drives (so everyone, basically), we all want low oil prices. There are like 19 people who are bummed to read oil prices are down and they are owners of oil companies. And honestly, as you said, screw them, who cares what they want.
 
Old 11-13-2018, 11:23 PM
 
16,702 posts, read 17,844,479 times
Reputation: 23980
So I’m assuming you’re going to stop buying fuel?
 
Old 11-13-2018, 11:53 PM
 
Location: Cebu, Philippines
2,423 posts, read 888,399 times
Reputation: 4774
Quote:
Originally Posted by maineguy8888 View Post
other than some perverted form of capitalism.
That form of capitalism is not perverted -- it is exactly the way capitalism is intended to work. The means of production is controlled by those who own it. They guard against their own risk of downturn, but are not so quick to mitigate movement in their favor until the market forces them to..
 
Old 11-14-2018, 12:01 AM
 
24,867 posts, read 27,028,744 times
Reputation: 23005
I understand the sentiment, but the greed of the oil companies has been well established since the first major oil crisis in the early 1970s. What do Americans do as soon as the price of oil drops? Buy the biggest gas guzzler the bank will lend them money for, of course. At this point, it's on us.
 
Old 11-14-2018, 01:01 AM
 
Location: Cebu, Philippines
2,423 posts, read 888,399 times
Reputation: 4774
Compare where a gallon of gas comes from and how it gets here. Per unit measure, it is cheaper than the big slurpy fountain drink from the same vendor., which is water, sugar, and the stuff we exhale.
 
Old 11-14-2018, 02:12 AM
 
Location: NYC
2 posts, read 1,081 times
Reputation: 10
Quote:
Originally Posted by maineguy8888 View Post
For one basic reason: when the price of crude rises (even a little), it almost instantly affects the price that consumers pay. But when crude prices drop, it takes MUCH longer for them to drop, even a little. This makes no sense, other than some perverted form of capitalism.
They have every right to be greedy and/or engage in collusion. And I have every right to wish them ill for it.
I've noticed the same exact thing and it blows my mind how rigged the prices are.
 
Old 11-14-2018, 02:13 AM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
20,946 posts, read 37,769,201 times
Reputation: 21064
Quote:
Originally Posted by Electrician4you View Post
So I’m assuming you’re going to stop buying fuel?
yes... in 1976

been using 'free fuel' ever since...

but... AMSOIL !!!!

They are still jacking up the 'feedstock' story... was paying $76 for 5 Gal HD Diesel 15w-40, Now $150+ There must be a LOT of barrels in Synthetic lube oil Feedstock,

I welcome algae fuel, and hope to 'Grow-my-own'
 
Old 11-14-2018, 02:46 AM
 
65,426 posts, read 66,851,509 times
Reputation: 43781
You better hate dairy farmers too . A gallon of milk cost more than a gallon of gas and that comes from a farm upstate . Oil can come from some of the most inhospitable places on the planet and get shipped around the world with all kinds of processing and handling.

If the oil industry are price fixers they are the worst ever at it . That is why energy stocks even have to pay such big dividends to attract investors .most of them suck at growing investor money.
The inflation adjusted price of oil is likely one of the biggest bargains .

Last edited by mathjak107; 11-14-2018 at 03:16 AM..
 
Old 11-14-2018, 04:03 AM
 
5,507 posts, read 8,227,838 times
Reputation: 7413
Quote:
Originally Posted by maineguy8888 View Post
.
They have every right to be greedy and/or engage in collusion. And I have every right to wish them ill for it.
1. Unless you refrain from buying fuel, anything produced from.fuel, or anything transported by fuel you are JUST AS 'GUILTY' as the guy running a drill or driving a truck to feed his Family!!!!

2. I just picked up a 500 gal farm tank to store fuel in.
It's not only cheaper if you get it delivered (in bulk) but it will allow me to buy fuel "at the dips" and save money.

3. You are just as free to work in the capitalist market as I am.
Or you can complain about it while doing nothing....
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Closed Thread


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top