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Jack Goff Jack Goff is offline
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First recorded activity by BoatBanter: Jul 2006
Posts: 285
Default Gasoline prices - another record high/ supply and demand

On Tue, 01 Aug 2006 05:19:24 GMT, "JoeSpareBedroom"
wrote:


"Jack Goff" wrote in message
.. .
On Mon, 31 Jul 2006 22:25:00 GMT, "JoeSpareBedroom"
wrote:



Bzzzt. I asked first, and you haven't answered. Explain how the US
price is "out of hand".

The price elsewhere is completely irrelevant. That's your answer to the
Europe issue. As far as the price here, 25% to 35% of it consists of
trading
excess, like tech stocks before the bottom fell out. For stocks, it
doesn't
matter, because nobody is required to own them. For oil, the design of our
country (which only gets worse) mandates its use. The oil companies,
knowing
this, do whatever they want with the price. That's a crime, and should be
dealt with.


So now the US is an island, insulated from the rest of the world?
Everyone else is "irrelevant"? Really?

So the price is 25 - 35% "trading excess" (cite?), which is the
futures traders as you've said before, right? But then the oil
companies are to blame for the price, not the traders. Uh huh.

The same oil companies that "do whatever they want with the price" are
selling here at *half* the price as the rest of the world. And they
do this while taking, by any definition, a modest profit margin. You
are aware that their profits come on quantity, not margin?

Did the investment company run you off because of customer complaints,
or did you leave voluntarily?


Cripes, you're stupid. Look at each paragraph you just wrote, and see if you
can figure out what's wrong with them. Try it when sober, if that ever
happens.


Made to look foolish, into the corner, and out snarlin' comes Joe.
Typical.

Did the investment company run you off because of customer
complaints, or did you leave voluntarily?