deerejon Posted April 11, 2011 Member ID: 842 Group: *** Clan Members Followers: 62 Topic Count: 278 Topics Per Day: 0.05 Content Count: 3712 Content Per Day: 0.70 Reputation: 3150 Achievement Points: 28451 Solved Content: 0 Days Won: 4 Joined: 12/06/09 Status: Offline Last Seen: April 30 Birthday: 05/04/1965 Device: Windows Share Posted April 11, 2011 Inventiories are higher then this time last year and refineries are running at 85% (why refine it if you got no where to put or sell it) and yet the price artifically climbs due to day trading assholes and unregulated traders...look at 14 months of fuel pricing...April 2010 2.20 this year...3.41 Link to comment Share on other sites More sharing options... Awards
MoeBetta Posted April 11, 2011 Member ID: 1608 Group: ***- Inactive Clan Members Followers: 7 Topic Count: 49 Topics Per Day: 0.01 Content Count: 411 Content Per Day: 0.08 Reputation: 11 Achievement Points: 2639 Solved Content: 0 Days Won: 0 Joined: 07/24/10 Status: Offline Last Seen: January 30 Birthday: 11/12/1968 Device: Windows Share Posted April 11, 2011 Do we really need 3-4 grades of gas, Id say go with 87 and 92..buy additives if need more. Link to comment Share on other sites More sharing options... Awards
NickTheGrip Posted April 12, 2011 Member ID: 177 Group: ***- Inactive Clan Members Followers: 16 Topic Count: 145 Topics Per Day: 0.03 Content Count: 1669 Content Per Day: 0.31 Reputation: 281 Achievement Points: 10581 Solved Content: 0 Days Won: 1 Joined: 09/02/09 Status: Offline Last Seen: June 27, 2023 Birthday: 05/08/1961 Device: iPhone Share Posted April 12, 2011 The worst thing is the Germans saw this coming and tried to ban the day traders from oil speculation back in 2008 when the prices were climbing and climbing the last time. They blamed manipulation of the market by hedge funds - thank you deregulation Link to comment Share on other sites More sharing options... Awards
MadMonk64 Posted April 13, 2011 Member ID: 1959 Group: ***- Inactive Clan Members Followers: 114 Topic Count: 75 Topics Per Day: 0.02 Content Count: 272 Content Per Day: 0.06 Reputation: 95 Achievement Points: 2569 Solved Content: 0 Days Won: 0 Joined: 11/09/10 Status: Offline Last Seen: July 26, 2022 Birthday: 05/30/1946 Share Posted April 13, 2011 Everyday the oil companies come out with a different reason why the price of gas goes up. However, whatever the reason is, the price of gas at the pumps today and tomorrow should not be affected by any reason that they come up with. The gas at the pumps has already been bought, shipped and refined a month ago. So until another shipment arrives at our door and is refined into gas, that is the day the price should go up. Not before. Plain and simple, it is price goughing by the oil companies, why do you think their profits are soaring Link to comment Share on other sites More sharing options... Awards
Mad Cow Posted April 13, 2011 Member ID: 1073 Group: ***- Inactive Clan Members Followers: 10 Topic Count: 8 Topics Per Day: 0.00 Content Count: 280 Content Per Day: 0.05 Reputation: 10 Achievement Points: 1611 Solved Content: 0 Days Won: 0 Joined: 01/31/10 Status: Offline Last Seen: February 2, 2019 Birthday: 09/28/1975 Share Posted April 13, 2011 I want to find these old men and kick them in the fucking nuts for their shenanigans. Must be nice to shit diamonds and wipe ur ass with $100 bills. Good thing I can still afford ammo... Link to comment Share on other sites More sharing options...
deerejon Posted April 13, 2011 Member ID: 842 Group: *** Clan Members Followers: 62 Topic Count: 278 Topics Per Day: 0.05 Content Count: 3712 Content Per Day: 0.70 Reputation: 3150 Achievement Points: 28451 Solved Content: 0 Days Won: 4 Joined: 12/06/09 Status: Offline Last Seen: April 30 Birthday: 05/04/1965 Device: Windows Author Share Posted April 13, 2011 Well...I am not going to say the major oil companies dont rack in billions of profit but they arent the ones inflating the price...Nick hit the nail on the head...deregulation..... So..if I was a huge oil company, had a million barrels in inventory and the deregulated trading of oil futures drives the price way up why wouldnt I take advantage of the profit?? If the CFTC had the power to control and there was transparaency in the market you would see the price of a barrel plummet... There was a time when (and I am estimating really close) that a single speculator had held something like 40 million gallons of product while only putting up somewhere in the range of like 1% of the cash....thats the rules they make for themselves while I buy "wet" gallons...cash up...I dont get to put up a percentage of the cash and net the profits now with no exposure....and I need to pass the high prices along to my customers...who cant pay in full for 30, 60 or 90 days.... we need a revolution.... Link to comment Share on other sites More sharing options... Awards
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