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First recorded activity by BoatBanter: Apr 2011
Posts: 94
Default Why gas is $5.00/gal

On Mon, 25 Apr 2011 09:07:32 -0400, Harryk
sent the following message
BAR wrote:
In ,
says...
On Sun, 24 Apr 2011 11:40:23 -0400, Wayne B
wrote:

On Sun, 24 Apr 2011 08:36:48 -0400, Gene
wrote:

uh no. it's speculators. they caused a similar run up under

the white
guy who preceded the guy you hate because he's black
Damn speculators.

Why aren't more people doing it? Let's go halves on a tanker

load and
resell it on EBAY. Anybody else want in on the deal? We're

going to
need a dock, tank farm, distribution network, trucks,

pipelines and a
whole sh*t load of permits. With some help from Wall Street

we can
probably get 90 day financing.
Sorry, you are too late..... the guys that already had all of

that are
reaping all the profits...... re-read that thing about

frugality....
proactiveness is number one.....
Holding a big inventory of oil in your tank farm is not without

risk
and it takes massive investments in time and money to build the
infrastructure. Not surprisingly, the people who make those
investments expect to earn a profit once in a while.
"A profit once in a while.....?"

http://www.nytimes.com/2011/02/01/business/01oil.html

8% Profit for 2010.
6.2% Profile for 2009.

Doesn't seem out of line to me.





Please...if you believe those are "real" numbers, perhaps you'd

like to
buy shares in a bridge in Brooklyn.


How many are you trying to dump?
 
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