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Old 04-22-2011, 06:02 AM
 
12,867 posts, read 14,273,882 times
Reputation: 4453

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i would urge everyone to watch at least the first 20 minutes or so of this video:

Did "The Tea Party" Just Awaken? in [Market-Ticker]

there is manipulation, it is intentional, and there are reasons for it which can be explained.

i don't think it could be explained any clearer-especially when given a comparison analogy like "it's a wonderful life'.

could anyone disagree with that video? (and i am especially including you, willy702!)
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Old 04-22-2011, 08:05 AM
 
Location: Sinking in the Great Salt Lake
13,144 posts, read 21,640,371 times
Reputation: 14085
Quote:
Originally Posted by Tightwad View Post
With gas so high there have been questions of why and why so fast. That said, politicians now want to start a dog and pony show to keep the people distracted to the real causes of this renewed oil company and speculator greed.

Don't fall for it!! Get mad and stay mad while you complain to your congressmen and senators to get off their asses and stop this with a real investigation.

High gasoline prices prompt Justice Department to eye energy industry - CNN.com
I want a pony...
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Old 04-22-2011, 08:36 AM
 
Location: West Orange, NJ
12,546 posts, read 20,502,531 times
Reputation: 3728
Quote:
Originally Posted by Willy702 View Post
They are politicians who ultimately serve the people. The uneducated masses think there is a conspiracy behind everything and often think gas prices and the state of the economy are determined by Obama himself. So why is it shocking they do these charades? If you are a politician you are just doing your job "defending" the public even if those with half a brain know what's up.
true true!
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Old 04-22-2011, 12:57 PM
 
Location: Ohio
23,424 posts, read 17,378,536 times
Reputation: 20234
Quote:
Originally Posted by Spamwad View Post
With gas so high there have been questions of why and why so fast.
That's because you have a stupid electorate whose understanding is on a par with a paper plate.

You go through this every Spring, because some States require RBOB (reformulated gasoline) while other States do not. So as refinery production shifts from regular to RBOB you have a decrease in the gasoline supply and so long as demand remains constant or increases, the price of gasoline rises until the refineries can meet production and delivery schedules.

How smart are the morons at your spam site? Well, let's see, just 6 months ago corn was 3.72 and now its 6.91. You don't see a problem there? What, the price of ethanol doesn't increase when the price of corn nearly doubles? What kind of FUBAR Fantasy Island hallucination is that?

So, what, the refineries just take a loss if the price of ethanol jumps because the price of corn jumps?

No such thing as an ethanol pipeline. You have to truck ethanol from the ethanol plant to the refinery using diesel trucks, and what, the trucking company, or the drivers should absorb the higher diesel prices as well?

There's more to gasoline prices than just the price of oil. You'd think people would know that by now.
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Old 04-22-2011, 01:07 PM
 
Location: West Orange, NJ
12,546 posts, read 20,502,531 times
Reputation: 3728
Quote:
Originally Posted by Mircea View Post
That's because you have a stupid electorate whose understanding is on a par with a paper plate.

You go through this every Spring, because some States require RBOB (reformulated gasoline) while other States do not. So as refinery production shifts from regular to RBOB you have a decrease in the gasoline supply and so long as demand remains constant or increases, the price of gasoline rises until the refineries can meet production and delivery schedules.

How smart are the morons at your spam site? Well, let's see, just 6 months ago corn was 3.72 and now its 6.91. You don't see a problem there? What, the price of ethanol doesn't increase when the price of corn nearly doubles? What kind of FUBAR Fantasy Island hallucination is that?

So, what, the refineries just take a loss if the price of ethanol jumps because the price of corn jumps?

No such thing as an ethanol pipeline. You have to truck ethanol from the ethanol plant to the refinery using diesel trucks, and what, the trucking company, or the drivers should absorb the higher diesel prices as well?

There's more to gasoline prices than just the price of oil. You'd think people would know that by now.
also...there's more to oil demand than just the consumption of gasoline...though that is a large portion of it.

great post!
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Old 04-23-2011, 05:14 AM
 
Location: Central CT, sometimes NH.
4,157 posts, read 6,140,574 times
Reputation: 5100
The investigation will most likely show nothing illegal. The proliferation of ETFs and other similar investment vehicles over the past few years have made trading in commodities no longer an activity reserved for those involved in the business directly affected by the commodity.

A change in regulation requiring only participants by those capable and/or legally allowed to take delivery of the underlying commodity could calm down some of the speculation.

However, I'm not holding out much hope. There's too many people making money off of it and that's the new standard for justifying all that's good!
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Old 04-23-2011, 07:30 AM
 
Location: Victoria TX
42,661 posts, read 82,540,957 times
Reputation: 36502
Quote:
Originally Posted by Mircea View Post

How smart are the morons at your spam site? Well, let's see, just 6 months ago corn was 3.72 and now its 6.91. You don't see a problem there? What, the price of ethanol doesn't increase when the price of corn nearly doubles? What kind of FUBAR Fantasy Island hallucination is that?

So, what, the refineries just take a loss if the price of ethanol jumps because the price of corn jumps?
You mean those damned Arabs control our corn fields, too?

What, argumentatively, is the difference between a doubling in the price of OPEC crude, and a doubling in the price of Iowa corn? What's really happening when they both happen at the same time?
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