Gas getting higher.
On Feb 28, 1:12*pm, wrote:
On Mon, 28 Feb 2011 05:44:56 -0500, Wayne.B wrote: On Sun, 27 Feb 2011 21:24:46 -0800, jps wrote: On Sun, 27 Feb 2011 19:50:35 -0500, Wayne.B wrote: On Sun, 27 Feb 2011 15:16:48 -0800, jps wrote: Corporations are beholden to their stockholders, not the customer. Any business is a balancing act between customers, stockholders (owners), and employees. *On top of that, throw in the government, general public, media and financial services just for good measure. My advice? * Become a stockholder. * It's very satisfying to be a stakeholder in a well run business. * I am a large stakeholder in my own corporation, and it's run very efficiently. *But it's not in the oil industry where competitors work in collusion. *I have competitors in what's called a free market. Any time oil/gas prices go up, it becomes very popular to think that there is some vast conspiracy behind it. *Who's fault is it when prices go the other way as they sometimes do? *There are vast numbers of middle men involved in the production, distribution, refining and transportation of oil. * If they think prices are going up in the near future because of a posible shortage, they do the same thing that you and I would do, and try to buy more right now. *The only collusion involved is supply and demand. Actually, it's pretty obvious there is a conspiracy. Ah! So you admit to being a *teabagger* |
Gas getting higher.
In article ,
says... On 3/1/11 1:30 AM, jps wrote: On Mon, 28 Feb 2011 12:04:45 -0500, wrote: On 2/28/11 12:01 PM, jps wrote: On Mon, 28 Feb 2011 07:52:11 -0500, wrote: On 2/28/11 7:45 AM, BAR wrote: In , says... On Sun, 27 Feb 2011 19:50:35 -0500, Wayne.B wrote: On Sun, 27 Feb 2011 15:16:48 -0800, wrote: Corporations are beholden to their stockholders, not the customer. Any business is a balancing act between customers, stockholders (owners), and employees. On top of that, throw in the government, general public, media and financial services just for good measure. My advice? Become a stockholder. It's very satisfying to be a stakeholder in a well run business. I am a large stakeholder in my own corporation, and it's run very efficiently. But it's not in the oil industry where competitors work in collusion. I have competitors in what's called a free market. Have you reald Welch's book. Indeed, I've read Welch's The Politician, and also the Bluebook of the John Birch Society. My mother got them for me as gag gifts while in high school and after I was graduated. That right-wing lunatic, Koch, is a prominent Bircher. My mom, a minor Republican functionary in New Haven, said, "you'll get a laugh out of *this* craziness." Oh, wait, you probably are referring to a different Welch. Damn, Bertie the Bircher. Probably worships Pat Buchannan. We all know that the Commies fluoridate our water in order to diminish our precious bodily fluids. Bunch of loons. They were loons in the 60s and they're still loons. You're probably not old enough to remember the Chad Mitchell Trio, but this song of theirs is a minor classic: http://www.youtube.com/watch?v=pG6taS9R1KM The John Birchers were crazy as loons. The modern GOP'ers/Teahadists are their inheritors. As are the democratic Fleabaggers... |
Gas getting higher.
wrote in message ... On Tue, 01 Mar 2011 02:09:55 -0500, Wayne.B wrote: On Mon, 28 Feb 2011 20:39:06 -0800, wrote: Great... except for the part that the Wall Street price manipulators play... I guess you don't remember Enron... I remember it well. I also remember that Wall Street is located in Manhattan. I worked there for many years and know the location well, not to mention a few things about the industry. Enron, on the other hand was headquartered in Houston, Texas - part of the energy industry, the fraudulent part. You're claiming that there was no connection between Enron manipulation and Wall Street? http://www.forbes.com/2001/11/29/1129topnews.html /////////////////////////////////// Please explain exactly what "Wall Street" had to do with Enron's manipulation of energy prices. |
Gas getting higher.
On 3/1/2011 2:09 AM, Wayne.B wrote:
On Mon, 28 Feb 2011 20:39:06 -0800, wrote: Great... except for the part that the Wall Street price manipulators play... I guess you don't remember Enron... I remember it well. I also remember that Wall Street is located in Manhattan. I worked there for many years and know the location well, not to mention a few things about the industry. Enron, on the other hand was headquartered in Houston, Texas - part of the energy industry, the fraudulent part. You're wasting your time spoonfeeding her Wayne. Case in point Anchoring. |
Gas getting higher.
On Mon, 28 Feb 2011 23:26:39 -0800, wrote:
On Tue, 01 Mar 2011 02:09:55 -0500, Wayne.B wrote: On Mon, 28 Feb 2011 20:39:06 -0800, wrote: Great... except for the part that the Wall Street price manipulators play... I guess you don't remember Enron... I remember it well. I also remember that Wall Street is located in Manhattan. I worked there for many years and know the location well, not to mention a few things about the industry. Enron, on the other hand was headquartered in Houston, Texas - part of the energy industry, the fraudulent part. You're claiming that there was no connection between Enron manipulation and Wall Street? http://www.forbes.com/2001/11/29/1129topnews.html Enron borrowed from large money center banks before their fraud was suspected and exposed. No crime there, just questionable risk analysis on the part of the lenders who were mostly relying on audited financial statements. |
Gas getting higher.
On 3/1/11 8:22 AM, Wayne.B wrote:
On Mon, 28 Feb 2011 23:26:39 -0800, wrote: On Tue, 01 Mar 2011 02:09:55 -0500, Wayne.B wrote: On Mon, 28 Feb 2011 20:39:06 -0800, wrote: Great... except for the part that the Wall Street price manipulators play... I guess you don't remember Enron... I remember it well. I also remember that Wall Street is located in Manhattan. I worked there for many years and know the location well, not to mention a few things about the industry. Enron, on the other hand was headquartered in Houston, Texas - part of the energy industry, the fraudulent part. You're claiming that there was no connection between Enron manipulation and Wall Street? http://www.forbes.com/2001/11/29/1129topnews.html Enron borrowed from large money center banks before their fraud was suspected and exposed. No crime there, just questionable risk analysis on the part of the lenders who were mostly relying on audited financial statements. Large corporations don't order toilet paper without consulting with their investment bankers, brokers and others in the financial services industry. Surely you are not trying to let the so-called "Wall Street financial community" off the hook for its major role in bringing down our economy. Wait...you probably are. Ahh, audited financial statements...as if the big CPA firms weren't part of the game. |
Gas getting higher.
On Tue, 01 Mar 2011 08:12:59 -0500, HenryK wrote:
On 3/1/2011 2:09 AM, Wayne.B wrote: On Mon, 28 Feb 2011 20:39:06 -0800, wrote: Great... except for the part that the Wall Street price manipulators play... I guess you don't remember Enron... I remember it well. I also remember that Wall Street is located in Manhattan. I worked there for many years and know the location well, not to mention a few things about the industry. Enron, on the other hand was headquartered in Houston, Texas - part of the energy industry, the fraudulent part. You're wasting your time spoonfeeding her Wayne. Case in point Anchoring. Probably so but there are other people who also believe their lives are controlled by some giant conspiracy. It's good to get the facts out there once in a while. With regard to anchoring, first you need a boat... |
Gas getting higher.
On Mon, 28 Feb 2011 22:29:11 -0800, jps wrote:
As was mentioned earlier in this thread, reserves are going up at the same time price is going up. That's not supply and demand. Of course it is. The reserves are created by people buying in advance of actual need in expectation that supplies may be tighter at a later date and/or prices higher. There is no big tank labeled reserves. It is the sum total of inventory on hand. That's a bunch of crap. Those markets are manipulated as are the stock prices you hold so dear. Let's see how much you like 'em when they take the next dump. Let's see if I understand this. When asset prices are moving in a direction that is favorable to you, it's because you are a shrewd investor and money manager. When values move in an unfavorable direction it is because you are being manipulated? Thanks, think I've got it now. |
Gas getting higher.
On Mar 1, 7:41*am, Wayne.B wrote:
On Mon, 28 Feb 2011 22:29:11 -0800, jps wrote: As was mentioned earlier in this thread, reserves are going up at the same time price is going up. *That's not supply and demand. Of course it is. * The reserves are created by people buying in advance of actual need in expectation that supplies may be tighter at a later date and/or prices higher. * *There is no big tank labeled reserves. *It is the sum total of inventory on hand. That's a bunch of crap. *Those markets are manipulated as are the stock prices you hold so dear. *Let's see how much you like 'em when they take the next dump. Let's see if I understand this. * When asset prices are moving in a direction that is favorable to you, it's because you are a shrewd investor and money manager. * When values move in an unfavorable direction it is because you are being manipulated? Thanks, think I've got it now. Wayne, i always thought that if all goes well for you then it was by your own hand, but if it crumbles it's somebody else's fault. i think that's how it usually works. ?;^ ) |
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