| re: Paying too much for petrol? | |
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Posted by: |
Keljeck 07:54 pm UTC 06/16/08 |
| In reply to: | re: Paying too much for petrol? - Pudding 04:47 am UTC 06/16/08 |
> > I'm not saying that there's a shortage of gas, quite > > clearly there isn't. I can go to the gas station and > > purchase as much as I need, for $4.00 a gallon. > > So we agree there isn't a shortage of oil then and we can > ignore your "The scarcer the good, the more the good is > worth" comment? It seems to me I'm being too subtle for you. The good is scarcer because there are more people who want it, not because there's a shortage. If, say, we nationalized the gasoline industry and dropped prices to 15 cents a gallon, then we'd see a shortage. This is what the market does, prevents shortages on the demand side. > > What I'm saying is that there is a surge in demand, which > > is true. Oil consumption went up 3.4% in 2004 alone. Once > > again, because of China and India and other developing > > nations becoming developed. > > Consumption might have gone up, but so did production. Not enough to keep up. Check out John Galt's (Who is John Galt?) comment on oil refineries. > Speculators are the same as people who buy shares, except > they're not buying a share of a company but a commodity in > the hope it goes up in price. When a lot of interest is > shown in that particular commodity, then the price goes > up. This is something the oil companies can control by not > increasing their prices and therefor reducing the amount > of speculators. I could go into more detail, but I get the > impression you're a card carrying Republican. No, I'm a libertarian leaning conservative who is quite pissed with the Republican Party. Remember Pudding, when you assume you make an "ass" out of "u" and "me." And the oil companies cannot help the need to raise prices, it's not something they can easily control. This is why I'm saying you're parroting my point, I say more people want gas so the price is going up, and you're saying "no you idiot, the price is going up so more people want gas so the price is going up!" We're talking about the same situation, at different points. Can we not concede that the price of oil is rising due to increased demand, which makes speculators interested, which drives prices further? > How do you feel about Iraq and universal healthcare? That's off topic, but if you want to know, I just described myself as a libertarian leaning conservative pissed at the Republican party, take it as you will. | |
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