On Wed, Aug 13, 2008 at 9:41 AM, Bob Calco <[EMAIL PROTECTED]> wrote: >> >> http://www.sfgate.com/cgi- >> bin/article.cgi?f=/c/a/2008/08/07/BUCS126BML.D >> TL >> >> So Oil barrel price has fallen by 20% but prices at the pump by 9-11% >> WTF? >> >> Why will airlines fight to bring you in but oil companies keep it >> inflated and not undercut one another? >> >> Is there something totally illegal about how the oil products sold in >> America don't behave like all other goods and services? > > No offense Stephen but you clearly don't understand how the commodities and > futures markets work. The price of gas is not linked to the price of a > barrel of oil directly, nor is the futures price of that the same as the > real price. The media talks mainly about the futures price. This is not > unique to oil. ---------------------------------------------------------
I am sorry but if there is a Mad cow outbreak in any country, the price for beef world wide does not swing hard and fast. Yet there is a skirmish in Africa and the price JUMPS buy 5.00 per barrel world wide. What we have is not the monopoly where one company runs it all. WE have collusion between the major players. I understand that they DO NOT process their own product and are responsible for it. That the local refinery will blend in the additives that make the brand name. It is really screwed up isn't it? > After Bush came out for drilling, and lifted an executive order (imposed by > his father, naturally) regarding coastline drilling, traders saw that the > potential for the US to increase domestic supply in the future went way up. > Therefore, the futures price dropped -- rather dramatically. > > The fact the issue is having an impact on the elections and may even force > Pelosi to allow a vote on the bigger issue of domestic drilling as a key > component of energy independence, which surely it must be. So does the fact > that Americans are, as expected, curtailing their demand for oil in the face > of the cost rising so much. The actual price of gas is more affected by that > than by the futures price. ---------------------------------------------------- Do you think that the drilling of the entire coast of Florida as well as Californina will effect the supply side for a price per barrel. I really think that we will just give the oil companies cheaper raw costs to blindly STEAL from all consumers. -- Stephen Russell Sr. Production Systems Programmer Mimeo.com Memphis TN 901.246-0159 _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
