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Old 02-25-2012, 04:02 PM   #271
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Default Re: High gaoline prices and the Keystone pipeline...

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Originally Posted by opeliac View Post
Guess you missed the fact that my post was sarcasm too...Dumbass

Perhaps if you knew what "sarcasm" meant.....

http://dictionary.reference.com/browse/sarcasm

It requires "irony", your statement had none. Hence, it was just meant to denigrate.
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Old 02-25-2012, 04:02 PM   #272
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Default Re: High gaoline prices and the Keystone pipeline...

Oh...I forgot the "sarcastic" part........


Dumbass!
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Old 02-25-2012, 04:18 PM   #273
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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
Perhaps if you knew what "sarcasm" meant.....

http://dictionary.reference.com/browse/sarcasm

It requires "irony", your statement had none. Hence, it was just meant to denigrate.
I know exactly what it means, but thank you for trying to act like a professor once again...I dont know what life would be like without the wisdom of Mark "all that" O'Neal.
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Old 02-25-2012, 05:37 PM   #274
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Default Re: High gaoline prices and the Keystone pipeline...

Here's my take on this whole pipeline issue. Whether it gets built or not is of no concern to me, it effects me not at all. And as far as pipelines, tree huggers, refinery capacity, American produced crude, foreign oil, or whatever, none of that has anything whatsoever to do with the ultimate price of a gallon of gasoline at the pump.
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Old 02-25-2012, 05:41 PM   #275
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Default Re: High gaoline prices and the Keystone pipeline...

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Originally Posted by George Klass View Post
Here's my take on this whole pipeline issue. Whether it gets built or not is of no concern to me, it effects me not at all. And as far as pipelines, tree huggers, refinery capacity, American produced crude, foreign oil, or whatever, none of that has anything whatsoever to do with the ultimate price of a gallon of gasoline at the pump.
Since when does supply not affect price?
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Old 02-25-2012, 05:42 PM   #276
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Default Re: High gaoline prices and the Keystone pipeline...

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Since when does supply not affect price?
since crude started stacking up all over the place.
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Old 02-25-2012, 05:44 PM   #277
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Default Re: High gaoline prices and the Keystone pipeline...

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since crude started stacking up all over the place.
Other factors, geo-political and otherwise, may mitigate the effects, however, supply always affects price when dealing with scarcity.
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Last edited by unholy1; 02-25-2012 at 05:48 PM.
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Old 02-25-2012, 06:02 PM   #278
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Default Re: High gaoline prices and the Keystone pipeline...

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Other factors, geo-political and otherwise, may mitigate the effects, however, supply always affects price when dealing with scarcity.
holding long, is why, where did the banks move their $$$ when the housing bubble popped, commodity's markets.
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Old 02-25-2012, 06:05 PM   #279
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Default Re: High gaoline prices and the Keystone pipeline...

Crude oil inventories were higher a year ago, and two years ago, then they are now.
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Old 02-25-2012, 06:24 PM   #280
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Default Re: High gaoline prices and the Keystone pipeline...

http://www.eia.gov/pub/oil_gas/petro...pdf/table4.pdf
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Old 02-25-2012, 06:43 PM   #281
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Default Re: High gaoline prices and the Keystone pipeline...

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Originally Posted by unholy1 View Post
Other factors, geo-political and otherwise, may mitigate the effects, however, supply always affects price when dealing with scarcity.
Any scarcity is "arbitrary scarcity", meaning, there is no scarcity. The price of gasoline is where it is simply because they can get it.
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Old 02-25-2012, 06:51 PM   #282
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Default Re: High gaoline prices and the Keystone pipeline...

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Originally Posted by George Klass View Post
Any scarcity is "arbitrary scarcity", meaning, there is no scarcity. The price of gasoline is where it is simply because they can get it.
Any finite resource is considered a scarce resources. That is, the amount is finite. We can discuss whether or not the industry is producing at full capacity, but to argue that scarcity is a fabrication is to deny over 200-years worth of economic thought (and common sense.) As for price, you are correct. The market determines the clearing price.
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Last edited by unholy1; 02-25-2012 at 06:53 PM.
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Old 02-25-2012, 07:24 PM   #283
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Default Re: High gaoline prices and the Keystone pipeline...

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Originally Posted by George Klass View Post
Here's my take on this whole pipeline issue. Whether it gets built or not is of no concern to me, it effects me not at all. And as far as pipelines, tree huggers, refinery capacity, American produced crude, foreign oil, or whatever, none of that has anything whatsoever to do with the ultimate price of a gallon of gasoline at the pump.
It will not lower it......no question.....nor will it keep it keep it from going higher....however the continued investment in infrastructure will indeed impact the magnitude of the inevitable increases.....

Imagine what the current price would be today if that pipeline map above had 50% less tracks on it and there was a severe deficit in production....
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Old 02-25-2012, 07:51 PM   #284
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Default Re: High gaoline prices and the Keystone pipeline...

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Originally Posted by opeliac View Post
I know exactly what it means, but thank you for trying to act like a professor once again...I dont know what life would be like without the wisdom of Mark "all that" O'Neal.

It isn't my wisdom......It's "English".
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Old 02-25-2012, 07:54 PM   #285
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Default Re: High gaoline prices and the Keystone pipeline...

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Originally Posted by Collinsautomotive View Post
since crude started stacking up all over the place.

What has the supply of crude got to do with the price of gas?

How many refineries has the EPA forced to shut in the last few years?

All the answers you need.
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