On Thu, 01 Sep 2005 18:54:21 +0200, Stig Arne Bye
wrote:

Stig Arne Bye wrote:

Today, gas prices in Norway made a jump to its highest price ever in
history, and where the price currently is approx. NOK 12.50 per litre
that equal approx. $7.70 per US gallon.....

The reason for this jump in gas prices is the current situation in the
Mexico Gulf area that severely has affected oil prices world wide, and
the longer the situation in the area continues, gas prices is expected
to become even higher.....


UPDATE:

Just saw the local TV news a few minutes ago:

Gas prices in Norway just made a second increase today, and has now
reached a new high record of approx. NOK 13.20 per litre, that is equal
to approx. $8.10 per US gallon.....

Now, where is this going to end.....???



Stig Arne Bye

Are fuel related taxes there by any chance related to the underlying
fuel price (i.e. a sales type tax or a VAT type tax)? If so, then any
increase in the base price of fuel is magnified by the tax causing a
rapid increase. Is your gov't going to drop their tax rates or are
they simply going to use the extra tax revenue to buy votes like ours
would?

Dave Hall

On Thu, 01 Sep 2005 15:17:33 GMT, OlBlueEyes wrote:

Harry Krause wrote in
:

OlBlueEyes wrote:
Harry Krause wrote in
:

OlBlueEyes wrote:
Harry Krause wrote in
:


Why do you think the oil market is a rational market?
The "oil market" is not a "market" at all. Insane extremists have
prevented the construction of a single refinery over the past 20
years; they have prevented the exploration of alternative sources of
oil offshore and in the remote arctic tundra; they have demanded a
patchwork of FORTY DIFFERENT blends of vehicle fuel, straining those
limited refining capabilities to the breaking point.
Wow...you've really bought into the Bush b.s.

You have no retort, so you blame someone you've never met for all the
misery in your life.

You're claiming someone you've never met has "misery" in his life?

Hey everyone,

Can anyone cite a single post by Harry that was positive or uplifting?




Didn't think so.

Q.E.D.

Yes!

A while back he told us he would be gone for a few days. There was widespread
rejoicing.
--
John H

"All decisions are the result of binary thinking."

"OlBlueEyes" wrote in message
...
Harry Krause wrote in
:

OlBlueEyes wrote:

This is why prices are behaving as they are, and why prices ALWAYS
rise in any "crisis" situation. People who complain about $500
generators selling for $3,000 or $5 plywood boards selling for $25
don't understand basic economics. There aren't enough generators or
plywood boards for everyone, so prices self-regulate.

Sometimes, but more likely, the sellers are taking advantage and
gouging.

The stations in my immediate area raised their prices nearly $1.00
overnight. There's no shortage, there's no lines, and it's unlikely
all the stations just received thousands of gallons of higher priced
gas.

Actually it's LIKELY the stations WON'T be receiving ANY gas for DAYS.

It is likely the stations are making the same few cents a gallon that they
have always made.

Harry Krause wrote:
Doug Kanter wrote:

"thunder" wrote in message
...

On Thu, 01 Sep 2005 15:07:11 +0000, Doug Kanter wrote:


Why have these extremists prevented the building of new refineries?
I need
details.

LOL, Rush must be talking up those evil environmentalists, again. It
isn't environmentalists that are the problem, it's profitability. Oil
companies haven't been building refineries, they have been closing them,
24 between 1995 and 2001.

http://www.eia.doe.gov/pub/oil_gas/p...ining_text.htm


http://72.14.207.104/search?q=cache:...2+oil+& hl=en




OK...time out. That second source says the oil companies are looking
for government incentives to build more refineries which, according to
their internal documents, they do not need.

Wow. I'm really confused now. They'll get paid to open new facilities,
and then probably close them again.



Why can't they pay for the refineries out of their record profits?

Perhaps it is time to nationalize the oil industry.


We did that to one oil company back in the 70's. We all paid an extra
10 cents a liter to buy out Fina and establish Petro Canada. Then a
conservative a**hole gov't under Brian Mulroney comes to power and
sells shared of the company back to investors. The whole idea was to
have one nationalized company to keep the others in line.
http://www.petro-canada.ca/eng/media/10303.htm

"OlBlueEyes" wrote in message
...
"Bryan" wrote in
:


"OlBlueEyes" wrote in message
...
"Bryan" wrote in
:

I'm guilty of not
wanting one in my backyard, and that's probably a pretty general
sentiment, but another refinery where they already exist or won't
impact existing homes/home prices isn't on the general hit list
around these parts.

Considering the employment a refinery would bring, home prices would
increase in their proximity.

I didnt' realize anyone was stopping refineries from
being built; I just thought they weren't built due to lack of
foresight.

What, you didn't think the "greedy oil companies" don't want to
increase capacity?

Doesn't that argue against your extremist theory and point the finger
at oil company profits instead?

Uh, y'ever heard of "sarcasm"?

Yeah, but it didn't stand out in black and white. What's the emoticon for
sarcasm?

Harry Krause wrote:




You think suppliers raise the price to stations on fuel already in their
underground tanks?


That's what the service station people say here. They get a message out
of the blue from the oil companies to raise the price to a certain
amount that day.

Harry Krause wrote:
Don White wrote:

Harry Krause wrote:




You think suppliers raise the price to stations on fuel already in
their underground tanks?



That's what the service station people say here. They get a message
out of the blue from the oil companies to raise the price to a certain
amount that day.



Well, maybe at an oil company owned service station...
What about an independently owned station?

Less and less of them surviving. They have to appease the oil companies
to stay in business. Very little variation in price here. As soon as
one oil company raises prices...all follow in quick order.

"OlBlueEyes" wrote in message
...
"Jeff Rigby" wrote in
news

"OlBlueEyes" wrote in message
...
"Jeff Rigby" wrote in
:

I would have thought that the price would drop for world oil but gas
prices here would increase.

Uh... lower supply means higher prices.

Since we can't import oil to the port in Louisiana that should mean
lower demand for oil on the world market since we can't import oil
for our demand.

This statement makes no sense at all.

Given that the demand for oil determines it's price. IF you take our
imports out of the equation there should be less demand on world oil
and it's price should drop.

Most of the oil for the US is imported thru New Orleans.

A great argument for eliminating the "single point of failure" by building
more refineries and pursuing more avenues of exploration.

If we can't
import it, we won't buy it and there should be less demand on world
oil.

Demand is determined at the end user level. For oil the end user is
not the refinery, but the commuter filling his car, the lawn service owner
filling his commercial mowers, etc. The refinery is just one link in the
chain from the raw material (crude oil coming out of the ground/ocean) to
the end user. Taking refineries offline does not decrease demand. To the
contrary, any break in the chain of delivery puts additional stresses on a
market. Those stresses are both real (refinery capacity has been
decreased) and perceived (consumers fear a coming shortage and make a run
on gas).

As another illustration, say longshoremen who unload widgets at a dock go
on strike. Demand at the end user level hasn't changed. Supply (the
number of widgets being manufactured at the offshore factory) hasn't
changed. But the price of widgets will go up because the delivery chain
has been broken.

This is why prices are behaving as they are, and why prices ALWAYS rise in
any "crisis" situation. People who complain about $500 generators selling
for $3,000 or $5 plywood boards selling for $25 don't understand basic
economics. There aren't enough generators or plywood boards for everyone,
so prices self-regulate.

Again, I would have thought that the price would drop for WORLD OIL but
gas
PRICES HERE WOULD INCRESE!!!!!!

"Harry Krause" wrote in message
...
P. Fritz wrote:
"OlBlueEyes" wrote in message
...
Harry Krause wrote in
:

OlBlueEyes wrote:
This is why prices are behaving as they are, and why prices ALWAYS
rise in any "crisis" situation. People who complain about $500
generators selling for $3,000 or $5 plywood boards selling for $25
don't understand basic economics. There aren't enough generators or
plywood boards for everyone, so prices self-regulate.
Sometimes, but more likely, the sellers are taking advantage and
gouging.

The stations in my immediate area raised their prices nearly $1.00
overnight. There's no shortage, there's no lines, and it's unlikely
all the stations just received thousands of gallons of higher priced
gas.
Actually it's LIKELY the stations WON'T be receiving ANY gas for DAYS.

It is likely the stations are making the same few cents a gallon that
they
have always made.





You think suppliers raise the price to stations on fuel already in their
underground tanks?

I don't know the economic facts, but I do have an opinion. It doesn't
matter that they charge us more for the gas in their tanks. Don't they also
charge us less for the fuel in their tanks when prices come down? I will
concede that the price fails to come back down significantly.

On Thu, 01 Sep 2005 22:45:46 GMT, "Bryan" wrote:


"Harry Krause" wrote in message
...
P. Fritz wrote:
"OlBlueEyes" wrote in message
...
Harry Krause wrote in
:

OlBlueEyes wrote:
This is why prices are behaving as they are, and why prices ALWAYS
rise in any "crisis" situation. People who complain about $500
generators selling for $3,000 or $5 plywood boards selling for $25
don't understand basic economics. There aren't enough generators or
plywood boards for everyone, so prices self-regulate.
Sometimes, but more likely, the sellers are taking advantage and
gouging.

The stations in my immediate area raised their prices nearly $1.00
overnight. There's no shortage, there's no lines, and it's unlikely
all the stations just received thousands of gallons of higher priced
gas.
Actually it's LIKELY the stations WON'T be receiving ANY gas for DAYS.

It is likely the stations are making the same few cents a gallon that
they
have always made.





You think suppliers raise the price to stations on fuel already in their
underground tanks?

I don't know the economic facts, but I do have an opinion. It doesn't
matter that they charge us more for the gas in their tanks. Don't they also
charge us less for the fuel in their tanks when prices come down? I will
concede that the price fails to come back down significantly.


If they charged only what they paid for the fuel in their tanks, they wouldn't
be able to afford the cost of the next tank refill. I just spoke to the owner of
the local Texaco (who, by the way, is selling gas at $2.96/gal. The cut-rate
Crown right next to him is charging $3.16/gal.
--
John H

"All decisions are the result of binary thinking."