The Price of Gas

[DogtorEvil]

Generally accurate. Left out the effect of adding ethanol, removing MTBE and the quarter trillion in oil futures speculation these days.

http://mises.org/story/2940

[DogtorEvil]

a Business Week article on gas availability

http://www.businessweek.com/lifestyl...041_945564.htm

[TYLERTECHSAS]

Generally accurate. Left out the effect of adding ethanol, removing MTBE and the quarter trillion in oil futures speculation these days.

http://mises.org/story/2940

Thanks for that article DogtorEvil. Parts of it below for Salty, DB2 and the rest of the DEM/LIB O&G haters andthe latest blame American companies first crowd.


Blaming greedy oil companies on the rising price of gas is simply irresponsible. The profit margins of a few selected industries are as follows:

Murray Rothbard considered this the best text available on price theory.

Periodical Publishing24.9%
Shipping18.8%
Application Software22.5%
Tobacco19%
Water Utilities10.2%
Major Integrated Oil and Gas
9.5%Hospitals
1.4%Drugstores2.8%

The water utility industry has higher profit margins than major oil and gas firms! Why isn't every CEO with profit margins above that of the oil companies made to testify before Congress for "price gouging"? Clearly, greedy corporate profits are not the issue.

Bottled drinking water goes for about $8.00+ per gallon guys

[nadB]

Generally accurate. Left out the effect of adding ethanol, removing MTBE and the quarter trillion in oil futures speculation these days.

http://mises.org/story/2940

What about the "crack spread" ?? Figured you'd hop right on that one, DEvil.

[nadB]

Blaming greedy oil companies on the rising price of gas is simply irresponsible....

This is coming from someone who invests in o&g private placements (alongside J.O.) ??

The dipspit fed and treasury are destroying the value of the dollar by bailing out the crooks on wall street, and causing the bubble to shift over from housing to oil, gold, and other hard assets.

When will the oil bubble burst (again) ??

I'm out of (symbol) DIG and easing into (symbol) DUG, based upon technicals (RSI, MACD, STOCs, and PPO). Probably too early, again, but I'm thinking oil is overdue for a correction ?? Or, not.

[hachiman]

Today here in shreveport there was some kind of mix up at the circle K across from lsus and they were selling gas for 35 CENTS a gallon...yeah thats right 35 CENTS. Five of my friends filled up their trucks for UNDER TEN BUCKS! I have no idea how long this went on before it was detected.

[TYLERTECHSAS]

This is coming from someone who invests in o&g private placements (alongside J.O.) ??

Who? :icon_wink:

I never said I wasn't a tad hypocritical.

[DogtorEvil]

Lehman warns that oil boom will deflate

http://www.telegraph.co.uk/money/mai...4/cnoil124.xml

[Dirtydawg]

Bottled drinking water goes for about $8.00+ per gallon guys

Yeah, but we don't have to buy bottled water to get to work now do we?

[Guisslapp]

Remy Martin Louis XIII cognac costs $1,750 per liter.

[Mean Gene]

Today here in shreveport there was some kind of mix up at the circle K across from lsus and they were selling gas for 35 CENTS a gallon...yeah thats right 35 CENTS. Five of my friends filled up their trucks for UNDER TEN BUCKS! I have no idea how long this went on before it was detected.

Hope they paid cash because the same thing happened 2 weeks ago in another part of the country & the people who used their credit cards will find the prices adjusted back up to that days' price/gallon when the bill shows up.

[TYLERTECHSAS]

Yeah, but we don't have to buy bottled water to get to work now do we?

If you walk to work you probably do.