gas prices, take 2 |
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gas prices, take 2 |
scotty914 |
Aug 29 2005, 02:39 PM
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#1
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suby torque rules Group: Members Posts: 1,528 Joined: 20-July 03 From: maryland, the land of 25 year Member No.: 924 |
okay with the hurrican i have been watching a lot of fox news. according to opec they will pump more oil to help. here is the crazy part opec is going to hold a meeting next month to figure out why gas prices are as high as they are, they stated the opec pumps and sells the oil at 12 per barrel.
so who ever is buying the oil at 12 per barrel is marking it up to a current price of 67 a barrel, i wonder if this is along the lines of enron, artificially marking up the oil. i have read a few things lately about oil wells, some thing like 70 % of the wells that were dry 10 to 20 years ago now have oil in them again, and but that they mean full flow pumping, not partial. right now there is a 55 billion gallon oil surpluse ( just heard it ) in storage in this country. |
cooltimes |
Aug 29 2005, 04:15 PM
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#2
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Advanced Member Group: Members Posts: 2,508 Joined: 18-May 04 Member No.: 2,081 Region Association: None |
Isn't this likely just business as usual in the corporate scheme of things? When will enough be enough?
This and other excess profit schemes is really our own fault. Gas went up back in 1973, people started buying cars because of the high MPG and then a few years later, a vehicle only those wealthy enough to afford becomes the vessel of choice for all the wanna be's. That is the way it works. Later these millions of what is now called yuppies start bitching about the cost. Same crap when it involves real estate and home prices. You can control what things cost by just refusing to buy it. When you don't buy, the prices fall. It's called business economy but really I don't think anyone can control their gotta have the biggest and most expensive home, car, tv, yard or whatever so the complaining is all just wind to the price setters. Learn to say no way willl I pay that sucker's gouging me price. A reasonable person who wants America to still be the place the world would love to live in will only pay what is the real value of a product and not a cent more. Do that and you can afford all you ever dreamed in the long run. Of course this has nothing to do with the 914. It's always been a bargain to own or drive. |