Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Selectric II who wrote (28495)	10/11/2004 2:43:08 PM
From: jttmab	Respond to of 173976

You used gasoline prices that appeared to be U.S. prices. Are you now slippery-sloping to world markets and other considerations of international oil politics to confuse the issue? Would you have preferred I used £ or € ? If the price of crude is $53/barrel, is Australia paying anything substantially different? Oil prices are pretty much world prices. There are differences between the quality of oil. I'm not sure I understand your question by "balance" in that context. If I do understand it correctly, one consideration would seem to be the need to refine and store heating fuel for winter in advance. Like squirrels and their nuts, people are best served when they aren't caught short of heating oil for the winter. I see squirrels in full gear right now... The extraction of oil products gas, heating oil, etc... is relatively fixed. They don't change the amount of gasoline that is extracted because of heating oil demands. If the price of heating oil is driving the price of crude, and the demand on gasoline is down, there must be one hell of a lot of gasoline that is being stockpiled. I know that you and your left-wing buddies love to slam energy producers without giving much thought about what they do, how they do it, and what they do for us.... I clearly recall that the criticism against the oil companies during the energy crisis in CA was very bipartisan. We haven't even discussed transportation and storage issues, taxes, and local demand differences, which explain in part why gas is a lot cheaper near refineries and ports (usually) than in large cities. Personnally, I believe that gasoline is dirt cheap and Americans are a bunch of spoiled brats for complaining. On the other hand, that wouldn't keep me from complaining about energy companies artifically manipulating prices. We haven't even discussed transportation and storage issues, taxes, and local demand differences, which explain in part why gas is a lot cheaper near refineries and ports (usually) than in large cities. Most certainly a factor. Throw in the advent in self-service which lowers the cost to the retailer. Though it's still puzzling to a lot of people why New Jersey gas prices [full service required by law] are always lower than Maryland gas prices where self service is prevalent. Another one of those mysteries of life. You would think that both States on the eastern seaboard would have comparable distribution costs. There are oil refineries in CA. I always found it amazing that when an "energy crisis" occurs in some locality that it's a justifiable crisis until a Congressional hearing is announced and then suddenly prices ease in that locality. It's a rather remarkable coincidence. jttmab