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Old 02-24-2012, 06:32 PM   #241
Mark O'Neal
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Default Re: High gaoline prices and the Keystone pipeline...

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Originally Posted by opeliac View Post
Book sense, and common sense are two different things Mark...You have always struck me as someone who had alot of common sense, yet you believe so many books...They are written in order to make profits, so they dont always have to be 100% factual...You seem to be believing more and more of the conspiracy theories these days...

What's the matter...your vagina itching again?

I distinctly said "For an overview" did I not.

That means that, even if you disagree with his conclusions (and I do) it will give you a cursory understanding of the currency markets.

It won't hurt you to actually learn something, your brain can't feel pain.....which is kind of a bummer.
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Old 02-24-2012, 06:33 PM   #242
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Default Re: High gaoline prices and the Keystone pipeline...

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What's the matter...your vagina itching again?

I distinctly said "For an overview" did I not.

That means that, even if you disagree with his conclusions (and I do) it will give you a cursory understanding of the currency markets.

It won't hurt you to actually learn something, your brain can't feel pain.....which is kind of a bummer.
Your monetarist is showing.
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Old 02-24-2012, 06:34 PM   #243
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Default Re: High gaoline prices and the Keystone pipeline...

He won't know what that means.
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Old 02-24-2012, 06:42 PM   #244
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I will bet I am higher than you!!
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Old 02-24-2012, 07:45 PM   #245
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Default Re: High gaoline prices and the Keystone pipeline...

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Of fucking course it does.
Then shouldnt more be done to control the price of it?
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Old 02-24-2012, 07:46 PM   #246
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Default Re: High gaoline prices and the Keystone pipeline...

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Why not?
Do you raise prices of the finished product 20% if materials go up 5%?
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Old 02-24-2012, 07:48 PM   #247
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Default Re: High gaoline prices and the Keystone pipeline...

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Then shouldnt more be done to control the price of it?

Yes. On the supply side.
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Old 02-24-2012, 07:48 PM   #248
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Default Re: High gaoline prices and the Keystone pipeline...

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Do you raise prices of the finished product 20% if materials go up 5%?
It depends. The question was "why not"?
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Old 02-24-2012, 07:51 PM   #249
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Default Re: High gaoline prices and the Keystone pipeline...

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Originally Posted by Mark O'Neal View Post
What's the matter...your vagina itching again?

I distinctly said "For an overview" did I not.

That means that, even if you disagree with his conclusions (and I do) it will give you a cursory understanding of the currency markets.

It won't hurt you to actually learn something, your brain can't feel pain.....which is kind of a bummer.
At least your good for a few laughs...LOL
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Old 02-24-2012, 07:52 PM   #250
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Default Re: High gaoline prices and the Keystone pipeline...

I know this might be a little simple for you. But 5% of 100 dollars is $5.00.

20% of 3.00 is 60 cents. You'd have to do the actual math, using the actual units, to get an accurate picture.

For example.
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Old 02-24-2012, 07:53 PM   #251
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Default Re: High gaoline prices and the Keystone pipeline...

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Yes. On the supply side.
Then thats saying you think there is a shortage...There isnt. The oil is being held for ransom(basically thats whats really going on here) to push prices up...Or do you not agree with that?
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Old 02-24-2012, 07:54 PM   #252
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Default Re: High gaoline prices and the Keystone pipeline...

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At least your good for a few laughs...LOL

And you still refuse to educate yourself.

I admit it would be much easier to get by in life on my "feelings"....but I'd be so....stupid.
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Old 02-24-2012, 07:55 PM   #253
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Default Re: High gaoline prices and the Keystone pipeline...

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It depends. The question was "why not"?
You dont do it because the market might not buy your product...Now if ALL of the piston companies did it together, then it would fly...But, there are supposed to be laws against that...
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Old 02-24-2012, 08:00 PM   #254
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Default Re: High gaoline prices and the Keystone pipeline...

Gas prices are spiking. That's great news, right? We have to wean ourselves off the stuff. At least that's what we've been hearing for years. Oil is dirty. We import it from nations that hate our guts (like Canada!). And moreover, we're running out. Oil is "finite." Finite much in the way water is finite.
So why aren't Democrats making the case that the spike in prices is a good thing? Isn't this basically our energy policy these days? How we "win the future"? If high energy prices were to damage President Barack Obama's re-election prospects, it would be ironic, considering the left has been telling us to set aside our "dependency" -- or, as our most recent Republican president put it, "addiction" -- for a long time.
If Democrats had their way, after all, we would be enjoying the economic results of cap-and-trade policy these days -- a program designed to increase the cost of energy by creating false demand in a fabricated market. As the theory goes, if you inflate the price of fossil fuels, the barbarians might finally start putting thought into how peat moss might be able to power a toaster.
In 2008, Steven Chu, Obama's (and, sadly, our own) future secretary of energy (sic) lamented, "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." The president, when asked whether he thought $4-a-gallon gas prices were good for the American economy, said, "I think that I would have preferred a gradual adjustment."
How gradual? Like, what, four years? Or is it eight?
Part of "figuring it out" surely had something to do with the recent decision by Obama to nix the Canadian Keystone XL pipeline project that would have pumped 700,000 barrels of oil per day into the United States. More oil just means more excessive, immoral, ugly energy use.
Well, get used to it. You can't take three steps without stepping over some potential 10-billion barrel reserve of dead organisms.
According to the Institute for Energy Research, there is enough natural gas in the U.S. to meet electricity demand for 575 years at current fuel demand, enough to fuel homes heated by natural gas for 857 years and more gas in the U.S. than there is in Russia, Iran, Qatar, Saudi Arabia and some place called Turkmenistan combined. Oil? The U.S. Energy Information Administration estimates that the United States could soon overtake Saudi Arabia and Russia to become the world's top oil producer. There are tens of billions of easily accessible barrels of offshore oil here at home -- and much more oil around the world.
Yes, gas prices have spiked an average of 14 cents a gallon in the past month and about 30 cents a gallon since last November, according to AAA. Oil prices jumped to a nine-month high -- more than $105 a barrel -- after the Iranians shut down their own energy exports to Britain and France so they could start a much-needed nuclear program, which is, no doubt, for wholly peaceful purposes.
Given the fungibility of commodities and the track record of civilization in the Middle East, we'll likely always have to deal with occasionally painful fluctuations in the price of energy, regardless of what we do at home -- drilling and new pipelines included. Still, fluctuations have a lot better track record than price controls.
Subsidizing quixotic green companies or creating carbon credits won't stop the rules of basic economics. If the gas crunch starts hitting the economy, it's doubtless that we will get an earful of populist hand-wringing and that we'll hear the administration once again blame wealthy speculators and nasty oil companies.
Yet in the end, high gas prices are part of the plan. This is what the administration wants.
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Old 02-24-2012, 08:01 PM   #255
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Default Re: High gaoline prices and the Keystone pipeline...

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Then thats saying you think there is a shortage...There isnt. The oil is being held for ransom(basically thats whats really going on here) to push prices up...Or do you not agree with that?

That is not what I said, that is what you said...a distinction that you appear to be capable of discerning. So no...I do not agree with that.

If there is x amount of gasoline at y volume...which stabilizes at a given price...you must either decrease the demand or increase the supply to affect downward leverage. Since American demand has, and is, decreasing...and we cannot affect foreign demand, which is increasing rapidly, then only one option is open to effect price.

70 dollar a barrel two years ago, though, is paid for at the same rate as 90 dollars a barrel is today...because the money is worth less.
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