SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Alternative energy
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: gg cox who wrote (1663)3/25/2005 10:01:36 AM
From: Rock_nj  Read Replies (1) of 16955
 
I paid $6.00/gallon for gasoline in England on a trip in 2001. I will never complain about the price of gasoline again. ;-)

Americans are spoiled. The truth is we should tax gasoline and oil products enough to cover the outrageous amounts of money we spend protecting the oil supplies with our military. If we did so, gas would be at least $4.00/gal.

But, the article did make some good points that the current rise in gas prices has little to do with actual supply and demand dynamics, so the consumer is getting ripped off in that respect, even if they're getting a free ride from Uncle Sam. But, one thing the article fails to mention is that those additional supplies of oil were brought at much higher prices than in 1999 or 2001, and therefore must also be sold at much higher prices. Sure, there's more inventory, but it was built up at a higher cost.

I think oil is really up because the market is discounting the impending oil peak. The price of oil tells us that the oil peak is coming. We're just starting to pay for it now.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News