Lounge of Tomorrow

Lounge of Tomorrow (http://74.208.121.111/LoT/index.php)
-   Daily Grind (http://74.208.121.111/LoT/forumdisplay.php?f=18)
-   -   Gas prices.... Gouging? (http://74.208.121.111/LoT/showthread.php?t=2085)

scaeagles 09-22-2005 08:34 AM

Quote:

Originally Posted by Ghoulish Delight
Hmm, actually, what recent history seems to be showing is that increasing supply ain't gonna do much. Refineries are at or near capacity, so increased supply to the refineries will not equate to incerased supply on the market.

I agree with that 100%. We also desperately need to increase refining capacity. As I mentioned earlier or in some other thread, no new refineries have been built in the US since the 70s. That is simply disgusting. I'd love to talk about the reasons, but I suppose this thread isn't the place for my rant on that.

sleepyjeff 09-22-2005 08:42 AM

Quote:

Originally Posted by PanTheMan
The basic point is not about drilling, or OPEC or Supply and Demand, or some rare sea slug habitat off SB...

The point is GOUGING. If an Oil Company reports 26 BILLION in profit for a Quarter (3 MONTHS!) Dont you think they may POSSIBLY be overcharging?

The simple solution would be to hedge yourself against high oil prices by buying oil futures :D

TigerLily 09-22-2005 10:19 AM

somehting I found of interest. On the news they said for gas at the pumps to hit $3.00 a gallon the price per barrel should ahve been $95.00, but the price per barrel was only $65.00...seems like gouging to me.


All times are GMT -7. The time now is 09:10 PM.

Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.