Hey, there's no gas prices thread on supertopo.
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Messages 61 - 71 of total 71 in this topic << First  |  < Previous  |  Show All  |  Next >  |  Last >>
climbski2

Mountain climber
Anchorage AK, Reno NV
Oct 8, 2012 - 08:40pm PT
Since I don't much like getting buried by BS I figured I'd repost my excellent explanation again

I saw a "Gas was $1.69 a gallon when Obama took office" bumper sticker a couple of days ago. I was going to say something to the guy whose car it was on but i assumed he was retarded if he believed the sticker so didn't bother..

Actually it was.

When Bush crashed the commodities market.

About 1/3 to 1/2 of the cost of fuel today is due to rampant inflationary Wall Street commodities investment.



You can clearly see that the major cost driver for fuel prices has little to do with supply and demand.

Since the low point in 2008 demand has only gone up 8% while fuel cost have gone up over 130%



Infact for the first time in over 10 years this summer production actually exceeded demand. Which of course should be reducing cost.

Like being ripped off by Wall Street?
Chaz

Trad climber
greater Boss Angeles area
Oct 8, 2012 - 08:41pm PT
Give the speculators a reason to expect lower oil prices - such as the expectation of substantially increased supply, and the elimination of the idiotic "California only" gas blend mandate.
climbski2

Mountain climber
Anchorage AK, Reno NV
Oct 8, 2012 - 08:42pm PT
They have no reason to lower prices no matter what chaz.. they are making craptons of cash by gaming the system.

They expect higher prices due to one reason only. Higher prices make them more money and they want more money.


When market prices become unhinged from any reasonable predictions of supply and demand it is a gamed system. While regulation is not preferable to a well function supply/demand market it is much preferable to a gamed market.
Chaz

Trad climber
greater Boss Angeles area
Oct 8, 2012 - 08:45pm PT
As long as the government is hostile to oil production, only a fool would expect greater supply and lower prices.

Smart money speculators are obviously betting Obama get's re-elected, and we're paying for it every time we buy gas.

And why wouldn't they? Seems like easy money to me.
zBrown

Ice climber
chingadero de chula vista
Oct 8, 2012 - 08:46pm PT
tasmanians pay probably the lowest petrol price on Earth.

because they won't stand for no monopolistic sheeit!

not to scale
Tripod? Swellguy? Halfwit? Smegma?

Trad climber
Wanker Stately Mansion, Placerville
Oct 8, 2012 - 08:46pm PT
who gives a flying fcuk about gas prices on a climbing forum?

Why do I bother writing this crap to a bunch of halfwits with nothing better to do than get on lame ass threads and go on about nothing?

Where's my crack pipe and what that weird sh#t crawling up my arm?
rottingjohnny

Sport climber
mammoth lakes ca
Oct 8, 2012 - 09:04pm PT
Tripod...those are some valid questions...Please hold...
Cosmiccragsman

Trad climber
AKA Dwain, from Apple Valley, Ca. and Vegas!
Oct 8, 2012 - 09:07pm PT
Zombies don't pay for gas!
























































They

walk.
photo not found
Missing photo ID#259495
JOEY.F

Gym climber
It's not rocket surgery
Oct 9, 2012 - 08:06pm PT
Credit: JOEY.F
rottingjohnny

Sport climber
mammoth lakes ca
Oct 9, 2012 - 08:11pm PT
Cosmic...Wake up and sniff my anal vapors...
zBrown

Ice climber
chingadero de chula vista
Oct 9, 2012 - 09:03pm PT
At this point probably cheaper to huff glue. I did see some regular ST posters leaving the craft's store. Seemed a little wobbley, but did tend to lean right.
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