No, you stockbrokers lost your nerve and started selling when the reserve was found.
Stock traders trade stock, not commodities. But I'll tell them anyway to make you happy.
Posted on 09/14/2006 6:29:21 AM PDT by kellynla
1.99 Caseys 1310 A Ave West Oskaloosa, IA
(Excerpt) Read more at iowastategasprices.com ...
Hmmm...speculating on that one. I have noticed the car there.
Once, on my way home from a late Steak and Bloomin' Onion dinner at Outback, I got pulled over for making a left turn off Main Street onto northbound Nassau Street, and I could see a car coming my way about a quarter mile down. It was around 11 pm.
Turns out it was a State Trooper, and he followed me and pulled me over. He claimed I made a sudden, unsafe turn in front of "an emergency vehicle". I told him I had done no such thing, and he didn't have his emergency lights on.
Then he admitted he was fishing for a drunk driver when he said, "Well, at this time of night, when someone makes a turn like that in front of a cop, we assume he or she has been drinking! I can tell from talking to you that you haven't been drinking, but you HAVE been eating onions!"
I told a friend who is also a State Trooper, and it became the joke around here.
You seem to have trouble grasping the concepts here. On the price of what?
Let's try this, you explain to me how the price would go down substantially for a commodity that becomes viable only when the price is high.
And explain to me whether solar power or wind power or hydrogen would be viable right now if oil was $200 bbl? If so, would the price of energy decline because the competition had arrived?
What you need is a NEW technology, one that comes cheap, to fix the price problem.
Looks like the station that was selling at 1.97 is off the website...
be interesting to see if the 1.99 price holds 'til tomorrow.
Because once a competitor is being mass produced, the production of it becomes streamlined and the technology improves. But if the market comes up with something that's cheap to make right now, than sure, go for it.
2.19 here
You really need to figure out a way to control the price right now to get it to the "fair" price you desire, $1.35.
And we need a way to reign in those bad ole traders, those scoundrels have rigged the recent price of oil and gas downward at a frightening rate.
Heyyyyyyy,,,,,wait just a minute,,,,,,,,,did YOU get those guys to conspire to make the prices go down?????? Hmmmmmmm.....
Why are you waffling? Just a few days ago you said a reasonable price was .94 cents:
http://www.freerepublic.com/focus/f-news/1695718/posts?page=115#115
Why are you all the sudden on Big Oil's side?
No, you stockbrokers lost your nerve and started selling when the reserve was found.
Stock traders trade stock, not commodities. But I'll tell them anyway to make you happy.
Very simple. The Summer Driving season is gone.
The requirement to use blended fuels in many states (more costly fuels) also ends on Labor day allowing the oil companies to produce cheaper fuels.
China's economy has slowed a bit and they have cut back some.
Hurricane season not as bad as thought...let's remember that oil prices are not set by the oil companies, they are set by speculators on the markets.
And on and on.
I'm the son of a geologist from an oil company. The oil companies do very very well right now (of course in the 1980's many of them lost their butts) but they still only make about 10 cents profit on every gallon sold...the rest goes to the state, feds, finding the oil, refining it, etc, etc.
Yeah.
And the fuel cells cost how much?
Way out of rech of joe-sixpack.
Gas is cheap - if we'd just start drilling our own.
F the Arabs.
Get rid of the regulations and start drilling again in Texas, offshore, Alaska, etc.
Then we'd be back down under a buck a gallon.
Why not?
We're still at $2.83 or so outside of Chicago.
2.11 here in NE Ohio.
Yeah.
And the fuel cells cost how much?
Way out of rech of joe-sixpack.
Gas is cheap - if we'd just start drilling our own.
F the Arabs.
Get rid of the regulations and start drilling again in Texas, offshore, Alaska, etc.
Then we'd be back down under a buck a gallon.
Why not?
Who are the biggest oil gougers?
The states.
Our own leaders are screwing us royal - not Arabs.
While the oil companies barely eek out 9 cents a gallon profit - after taking huge risks and expenses - each of the states and the federal government combined get almost 50 cents a gallon in pure profit. No investment, no risk, no expense. They are worse than the Mafia. Every time you fill up the tank (20 gal.), you pay about 10 bucks in taxes!
I'd be happy to pay the highest prices they list for Iowa. We are getting screwed in Oregon still.
Power from nuclear power plants, 20 to be built ASAP for a start, could change the whole thing.
The people don't want it, the government has no will for it, and it ain't going to happen anytime soon, so the "new technology" thing is kinda dead.
It's down to $3.01 here on base in Hawaii.
Part of it is the blend CA is required to have, I would imagine due to state law rather than federal since our gov and the legislature thinks we should be greener than any other state!
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