Posted on 04/23/2008 10:19:13 AM PDT by tmp02
Are there any national boycotting efforts that would message to the gas co.? ie. just fill you car/truck on Thursdays.
How about this:
Instead of filling up your tank any time this week, you can sent the $75.00 you would normally spend on gas to Trumandogz.
That will show the Evil OPEC that you are serious and will not pay the current price for gas.
What is this boycott going to accomplish? What are the goals? How will boycotting achieve those goals?
Do you think gas companies are making too much money? How much do you think they should make?
Do you think they should increase the supply? How can they do that if they can't drill? Who prevent6s the building of modern refineries?
It seems to me that when the price of gas goes up, I drive less. I'm probably going to get a scooter to use for much of my transportation. How is this materially different from a boycott?
This stuff makes me miss the “I am a Bad American” threads.
The Fed pushes gasoline prices even higher
Economic Policy | Energy Policy
by Jackie Corr | April 23, 2008 - 8:36am
Butte, Montana | As we well know the price of a gallon of gasoline keeps going up. And nobody sees an end to this surge let alone a drop in price. For just this past weekend the price of oil per barrel jumped again to an all time record high of $117.01. The New York Times commented that “what was striking about this latest milestone was what didn‚t happen: there was no shortage of oil, no sudden embargo, no exporter turning off its spigot.”
But there is something going on and it means more bad news for the American public. And that is the Fed’s Ben Bernanke has been pulling out all the stops to save Wall Street from paying for the mess they made while keeping all the prolfits. On Sunday in the Washngton Post, the conservative writer George Will said Americans should tell the congress the free ride is over and it is time to start dismantling Wall Street Socialism.
In Will’s words, “the Fed has no mandate to be the dealmaker for Wall Street socialism. The Fed’s mission is to preserve the currency as a store of value by preventing inflation.” But that is not the way that George Bush, Treasury head Hank Paulson, Bernanke and most of the congress see it.
You see very time the Fed lowers interest rates, it weakens the dollar and the Fed has been very active slashing these rates in order to keep the big banks afloat. That dollar devaluation then raises gasoline prices at the pump, about 8 cents per gallon per each 25 percentage point cut by the Federal Reserve.
Since September there have been 12 of these cuts made - eventually costing America 96 cents extra for each gallon of gas. Between September 18, 2007 and March 18, 2008, the Federal fund rate was lowered from 5.25% to 2.25% and the discount rate was lowered from 5.75% to 2.50%.
Check the dates: In Butte on October 3, 2007 the price of a a regular gallon of gas was $2.80. On New Years Day $3.06. St Patrick’s Day $3.25. As of this writing the price is $3.50 ($3.49.9) a gallon and it will go even higher in the coming weeks, roughly $3.75 a gallon, as a result of the Fed’s giving in to Wall Street.
Of course, the Fed has yet to mention this gasoline price surge in statements concerning those rate cuts for Wall Street and for good reason. As George Will pointed out, continued dollar deflation means higher and higher prices for the American public and even more $ billions for Wall Street investment banks like Goldman Sachs.
And there’s more. Before the current Fed cuts in the interest and discount window mentioned above run their course, regular gasoline prices will have reached $3.76 per gallon according to the Fed formula, nearly a dollar increase since last October. And like the moon follows the sun, a higher price for gas further pushes up already rising food prices.
So it’s no wonder people want change and the hell with experience. “Bailout Ben” Bernanke, Hank Paulson (a former Goldman Sach’s CEO) and of course, Alan Greenspan, the former Fed guy, are long on experience and look where they got us. And we might also remember the present disaster originated in the unregulated Wall Street investment banks who were set free to plunder and loot after Bill Clinton and Robert Rubin in 1999 deep-sixed the old New Deal banking law, Glass-Steagall.
And what have they learned? Needless to say, the Wall Street guys and gals are still calling for more tax cuts even with a war going on that is further bankrupting us.
http://www.smirkingchimp.com/thread/14204
I have a better idea. Get a job in the oil & gas industry and start enjoying those big fat honking bonuses!
If you are certain gas prices are going to go up, you have several options:
Buy extra gas and store it in a big tank on your property.
Invest money in oil futures and oil companies. If it is a sure thing, get a piece of the pie and have the profit offset any increase in price.
Convert your savings to precious metals or foreign currency. As the dollar shrinks on the world market, it takes more dollars to buy the same amount of gas even when global prices are stable.
None of this is financial advice, do your own research as to what is a good option. But there are actions you can take that don’t require “sending them a message” that they have to lower prices.
What can we do to get OPEC to lower prices? Give them Israel?
When is you use your scooter, you still have to eat.
I think that we should all do what we are told by Big Oil and the government; )
Who needs only one tank to get though the week?
My 90 mile round trip to work everyday does not fit in one tank a gas a week.
OK. You can buy only on Thursday evenings, Sat nights, Wed from 3am to 6am. ...joke.
the monthly idiotic one-day gas boycott
If I recall, that was Carter’s solution to the long gas lines of the 1970s.
Someone please explain to me how the oil companies have any control over the price of oil. Take your time
Gas stations only make a few cents if anything per gallon.
The real money is in the attached C store.
Oil companies don’t - only Halliburton (oil services) does by working in conjunction with the Trilateral commission and bumping off people who invent cars that run on sunshine and flower scents.
/DU mode
Fixed cost.
They’ll be there wether you are or not.
And they’ll be there when you fill up on Friday.
Also (having managed three gas stations in my lifetime), you’re only hurting the guy who’s making about ONE CENT per gallon. They make they’re real money on chips and Pepsi.
First rule of statistics.
Correlation does not equal coordination.
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