- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Oil/Gas ?????????
Posted on 5/11/09 at 6:10 pm
Posted on 5/11/09 at 6:10 pm
Other reasons than greed, can someone please explain to me why gasoline has gone up .70/gallon over the last few months.
11
Posted on 5/11/09 at 6:15 pm to Ringeaux
Nope, they just added some more greed into the formula for gasoline. shite is expensive, you know.
Posted on 5/11/09 at 6:21 pm to kfizzle85
quote:
Nope, they just added some more greed into the formula for gasoline. shite is expensive, you know.
Posted on 5/11/09 at 9:32 pm to Ringeaux
quote:
Other reasons than greed, can someone please explain to me why gasoline has gone up .70/gallon over the last few months.
George Bush.
/Thread
Posted on 5/11/09 at 9:39 pm to Ringeaux
Holiday and Summer driving. This comes up every year. 
Posted on 5/11/09 at 10:01 pm to LSUDad
Although I don't discount that effect, I think that the bulk of the increase is really just inflation hedging resulting from the swing in sentiment in the past 2 months. It's in an ominous state though; inventories have continued to increase throughout the run up. As with the broader market rally, color me skeptical.
ETA: I also think the prospects of some global markets, namely India and China, recovering very soon, has pushed the price up. India I don't know about, but no way do I believe anything about China.
ETA: I also think the prospects of some global markets, namely India and China, recovering very soon, has pushed the price up. India I don't know about, but no way do I believe anything about China.
This post was edited on 5/11/09 at 10:08 pm
Posted on 5/11/09 at 10:27 pm to Ringeaux
I don't know but I do know that at least in our area diesel is cheaper than gas ... husband is a farmer so YEAH for diesel being "cheaper".
Posted on 5/11/09 at 10:49 pm to Ringeaux
I hear it has nothing to do with the price of oil.... that is the word on the street.
Posted on 5/11/09 at 11:26 pm to kfizzle85
quote:
Although I don't discount that effect
I do, at least relative to the impact of what you just said.
Posted on 5/12/09 at 1:00 am to LSUtoOmaha
Fwiw: China’s Investment Surges 30.5% on Stimulus; Exports Slump LINK ][LINK]
quote:
Investment in factories and property climbed 30.5 percent in the four months to the end of April from a year earlier, from 28.6 percent in the first three months, the statistics bureau said today in Beijing. Overseas shipments declined 22.6 percent in April from a year earlier, the customs bureau said.
Posted on 5/12/09 at 7:45 am to Ringeaux
Crude oil has increased in price from the low $40's two months ago to almost $60/barrel.
Posted on 5/12/09 at 9:24 am to Ringeaux
quote:
Other reasons than greed, can someone please explain to me why gasoline has gone up
Yeah thats right they just raise prices on a whim, i mean its not like oil is a globally traded commodity.
Posted on 5/12/09 at 9:41 am to kfizzle85
quote:
--------------------------------------------------------------------------------
Investment in factories and property climbed 30.5 percent in the four months to the end of April from a year earlier, from 28.6 percent in the first three months, the statistics bureau said today in Beijing. Overseas shipments declined 22.6 percent in April from a year earlier, the customs bureau said.
I didn't read the article ... here's a thought though. Think that has anything to do with rebuilding after the earthquake that was 1 year ago? Maybe they can't export because they can't make anything if the factories were demolished.
Posted on 5/12/09 at 9:41 am to barry
Raw ingredients go up, the summer formula is being produced, hedging against future price increases affects supply, etc.
Posted on 5/12/09 at 10:44 am to JFremani
LINK
Obama tax proposals 2009, including:
Levy Tax on Certain Offshore Oil and Gas Production
Repeal Credit for Enhanced Oil Recovery
Repeal Credit for Production from Marginal Wells
Repeal Expensing for Intangible Drilling Costs
Repeal Deduction for Tertiary Injectants
Repeal Passive Loss Exception for Working Interests in Oil and Gas Properties
REPEAL PERCENTAGE DEPLETION
Repeal Domestic Manufacturing Deduction
Increase Amortization Period for geological costs
Lets do everything possible to discourage domestic development that sounds like a good plan...
Obama tax proposals 2009, including:
Levy Tax on Certain Offshore Oil and Gas Production
Repeal Credit for Enhanced Oil Recovery
Repeal Credit for Production from Marginal Wells
Repeal Expensing for Intangible Drilling Costs
Repeal Deduction for Tertiary Injectants
Repeal Passive Loss Exception for Working Interests in Oil and Gas Properties
REPEAL PERCENTAGE DEPLETION
Repeal Domestic Manufacturing Deduction
Increase Amortization Period for geological costs
Lets do everything possible to discourage domestic development that sounds like a good plan...
Posted on 5/12/09 at 11:00 am to Cadercole
gasoline prices always go up in april and may in anticipation of the june and july "driving" months
consequently natural gas prices go down
gasoline prices start dropping in august and natural gas prices start going up in november in anticipation of winter usage
happens every year
consequently natural gas prices go down
gasoline prices start dropping in august and natural gas prices start going up in november in anticipation of winter usage
happens every year
Posted on 5/12/09 at 11:37 am to tiger91
quote:
I didn't read the article ... here's a thought though. Think that has anything to do with rebuilding after the earthquake that was 1 year ago? Maybe they can't export because they can't make anything if the factories were demolished.
That's a genuinely good thought, but no, that's not what happened. The earthquake happened in a primarily mountainous area; the economic engine of China (eg those factories) are in the cities. They aren't exporting nearly as much because the US consumer is saving. Whether that is a long term shift or not is obviously debatable, but the consumption appetite of the US is, at least in the present construct, the undeniable driver of the global economic supply chain.
Posted on 5/12/09 at 11:44 am to Ringeaux
quote:
Other reasons than greed, can someone please explain to me why gasoline has gone up .70/gallon over the last few months.
Greed,please tell me that you're not that ignorant...
What is it going to take for people to finally understand that speculators and commodity traders are the reason for the price of oil/gas. To further explain the rise in cost, oil was trading at nearly $30/barrel in December, and now it's trading in the high $50's....
Basic economics -
Price of inputs go up=Price of outputs go up
Posted on 5/12/09 at 11:50 am to TJG210
Eh, not really. Price of outputs would go up if the market for the product is elastic (like oil and gas). That would not necessarily hold true in an inelastic market.
Posted on 5/12/09 at 1:06 pm to Ringeaux
OK I have heard a multitude of answers on this subject and the closest thing to a possible reason other than "Greed" is market manipulation by speculators. I don't believe the massive jump in oil/gas is solely related to the upcoming summer formulation. This could not possibly attribute to a 80% jump in crude prices. Oil companies are making more profit per barrel now than at $140.00 barrel (So I hear from MSNBC sorry no link-FWIW) Supply seems to be at normal or above normal levels so what gives? Does this have anything to do with the contraversial "uptick" rule? Still looking for answers. thanks
Page 1 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News