Gas Thread:8-22-07 Gas stations owners file lawsuit alleging price fixing by Saudi owned Refiners in U.S.

[jrenz]

Originally posted by: dmcowen674
Supply & Demand my Ass

3-2-2007 Gas Industry spokesman says Wall Street Firms manipulating Gas Prices for extra profit after election

Expert: Wall Street Fuels Higher Gas Prices

Drivers are once again feeling the pain at the pump.

The increased profits are rolling out of the gas stations and through the oil companies to the big-money people on Wall Street.

?I?m talking about Goldman Sachs, those kinds of people, the big brokerage firms,? Dan Bowers, of Mon Valley Petroleum, said. ?They come in and do a lot of buying.

They can manipulate a market and that?s exactly what they?re doing.?

For example, Bowers says they can buy ?a billion dollars worth of gasoline at whatever cost it is today and they sell that for seven cents again tomorrow.

They can make hundreds of thousands of dollars in a day.?

Those in the gas industry believe investment firms are trading gas again on the markets because last summer, the Bush Administration pressured them to get out so prices could fall before the election.

But now that the elections are over, the pressure is off and the firms are back.

That news article sounds like it was written by an 8th grader. Every other statement is an unsubstantiated opinion. This is the best you can get Dave? :laugh:

 

[dualsmp]

For anyone who believes the "peak oil" propaganda and thinks higher gas prices is due to "supply and demand", I suggest you listen to this interview of Lindsey Williams who wrote the book The Energy Non-Crisis.

Interview here:
http://mp3.rbnlive.com/Rick/0508/20050824_Wed_Rick.m3u

A sample of his book is available online for free here also:
http://www.reformation.org/energy-non-crisis.html

 

[dmcowen674]

Originally posted by: jrenz

Originally posted by: dmcowen674
Supply & Demand my Ass

3-2-2007 Gas Industry spokesman says Wall Street Firms manipulating Gas Prices for extra profit after election

Expert: Wall Street Fuels Higher Gas Prices

Drivers are once again feeling the pain at the pump.

The increased profits are rolling out of the gas stations and through the oil companies to the big-money people on Wall Street.

?I?m talking about Goldman Sachs, those kinds of people, the big brokerage firms,? Dan Bowers, of Mon Valley Petroleum, said. ?They come in and do a lot of buying.

They can manipulate a market and that?s exactly what they?re doing.?

For example, Bowers says they can buy ?a billion dollars worth of gasoline at whatever cost it is today and they sell that for seven cents again tomorrow.

They can make hundreds of thousands of dollars in a day.?

Those in the gas industry believe investment firms are trading gas again on the markets because last summer, the Bush Administration pressured them to get out so prices could fall before the election.

But now that the elections are over, the pressure is off and the firms are back.

That news article sounds like it was written by an 8th grader. Every other statement is an unsubstantiated opinion. This is the best you can get Dave? :laugh:

Awwwwwwww why would you say such things about your heroes especially since they get paid so much to write this stuff?

 

[jrenz]

Originally posted by: dmcowen674

Originally posted by: jrenz

Originally posted by: dmcowen674
Supply & Demand my Ass

3-2-2007 Gas Industry spokesman says Wall Street Firms manipulating Gas Prices for extra profit after election

Expert: Wall Street Fuels Higher Gas Prices

Drivers are once again feeling the pain at the pump.

The increased profits are rolling out of the gas stations and through the oil companies to the big-money people on Wall Street.

?I?m talking about Goldman Sachs, those kinds of people, the big brokerage firms,? Dan Bowers, of Mon Valley Petroleum, said. ?They come in and do a lot of buying.

They can manipulate a market and that?s exactly what they?re doing.?

For example, Bowers says they can buy ?a billion dollars worth of gasoline at whatever cost it is today and they sell that for seven cents again tomorrow.

They can make hundreds of thousands of dollars in a day.?

Those in the gas industry believe investment firms are trading gas again on the markets because last summer, the Bush Administration pressured them to get out so prices could fall before the election.

But now that the elections are over, the pressure is off and the firms are back.

That news article sounds like it was written by an 8th grader. Every other statement is an unsubstantiated opinion. This is the best you can get Dave? :laugh:

Awwwwwwww why would you say such things about your heroes especially since they get paid so much to write this stuff?

So you're basically agreeing that this article is trash? Nice.

 

[dmcowen674]

I don't believe this crap for a second.

Bush would never sell out the subsidized American Corn Farmers.

Brazillians are enjoying cheap gas thanks to their sugar cane and they have a very legimate worry that Bush and his Oil Baron buddies will wipe that out by taking their market away and making it another OPEC like cartel.

3-4-2007 Bush seeks ethanol alliance with Brazil

SAO PAULO, Brazil - Just an hour's drive outside this traffic-choked metropolis where President Bush kicks off a Latin American tour Thursday, sugar cane fields stretch for hundreds of miles, providing the ethanol that fuels eight out of every 10 new Brazilian cars.

In only a few years, Brazil has turned itself into the planet's undisputed renewable energy leader, and the highlight of Bush's visit is expected to be a new ethanol "alliance" he will forge with Brazilian President Luiz Inacio Lula da Silva.

The deal is still being negotiated, but the two leaders are expected to sign an accord Friday to develop standards to help turn ethanol into an internationally traded commodity, and to promote sugar cane-based ethanol production in Central America and the Caribbean to meet rising international demand.

Across Latin America's largest nation, Brazilian media are billing the Bush-Silva meeting as a bid to create a new two-nation " OPEC of Ethanol," despite efforts by Brazilian and American officials to downplay the label amid concerns that whatever emerges would be viewed as a price-fixing cartel.

Meanwhile, political and energy analysts warn that any agreements reached between Brazil and the United States are unlikely to have short-term effects. And the deal itself could end up largely symbolic because of reluctance by Washington to address a key point of friction: A 54 cent-per-gallon U.S. tariff on Brazilian ethanol imports.

No one is expecting Bush to give ground on the tariff. The politically sensitive issue essentially subsidizes American corn growers who are rapidly ramping up ethanol production amid Washington's encouragement of renewable biofuels to ease U.S. dependence on imported petroleum.

A 1980s Brazilian fad with cars that ran only on ethanol petered out when oil prices fell in the early 1990s. But the fuel came back into vogue in 2003 when automakers started rolling out cars "flex-fuel" cars that run on gasoline, ethanol or any combination of the two.

With international oil prices reaching record highs, Brazilian drivers turned to the cars; most choose ethanol, because it costs about half the price of gas.

The ethanol industry is now making profits like never before amid heavy foreign investment. Just last week, Brazil's state-run oil firm, Japan's Mitsui & Co. and a Brazilian construction firm signed a memorandum of interest to study the construction of a pipeline in Brazil that would be used to help export ethanol to Japan.

 

[dmcowen674]

$3.50 in California

$3.69 Eastern Long Island

Looks like New York will beat California to $5

 

[Stunt]

It's $1.09 CAD/L here

That's $3.5 USD/gal

 

[dmcowen674]

Originally posted by: Stunt
It's $1.09 CAD/L here

That's $3.5 USD/gal

Let me know when it hits $5 up there.

 

[Stunt]

Originally posted by: dmcowen674

Originally posted by: Stunt
It's $1.09 CAD/L here

That's $3.5 USD/gal

Let me know when it hits $5 up there.

Sooner than you think maybe...
Kyoto is big in the news these days, we might see a carbon tax if liberals have their way.

 

[blackangst1]

And its STILL a bargain compared to the rest of the world:

Nation City Price in USD Regular/Gallon
Netherlands Amsterdam $6.48
Norway Oslo $6.27
Italy Milan $5.96
Denmark Copenhagen $5.93
Belgium Brussels $5.91
Sweden Stockholm $5.80
United Kingdom London $5.79
Germany Frankfurt $5.57
France Paris $5.54
Portugal Lisbon $5.35
Hungary Budapest $4.94
Luxembourg $4.82
Croatia Zagreb $4.81
Ireland Dublin $4.78
Switzerland Geneva $4.74
Spain Madrid $4.55
Japan Tokyo $4.24
Czech Republic Prague $4.19
Romania Bucharest $4.09
Andorra $4.08

 

[dmcowen674]

Originally posted by: blackangst1
And its STILL a bargain compared to the rest of the world:

Nation City Price in USD Regular/Gallon
Netherlands Amsterdam $6.48

and right on cue here comes the Apologists in full force. :thumbsdown:

and how many miles does a Netherlander have to commute???

 

[blackangst1]

Originally posted by: dmcowen674

Originally posted by: blackangst1
And its STILL a bargain compared to the rest of the world:

Nation City Price in USD Regular/Gallon
Netherlands Amsterdam $6.48

and right on cue here comes the Apologists in full force. :thumbsdown:

and how many miles does a Netherlander have to commute???

Does it matter?

 

[catnap1972]

Originally posted by: dmcowen674

Originally posted by: blackangst1
And its STILL a bargain compared to the rest of the world:

Nation City Price in USD Regular/Gallon
Netherlands Amsterdam $6.48

and right on cue here comes the Apologists in full force. :thumbsdown:

Surprising he didn't trot out the list with the price of Nyquil, Pepto Bismol, Perrier water, Starbucks coffee, etc.

 

[dualsmp]

Check out the craziness in Alaska :shocked::

http://alaskagasprices.com/retail_price_chart.aspx

http://alaskagasprices.com/index.aspx?s...thel&station=All+Stations&tme_limit=72

 

[dmcowen674]

Originally posted by: dualsmp
Check out the craziness in Alaska :shocked::

http://alaskagasprices.com/retail_price_chart.aspx

http://alaskagasprices.com/index.aspx?s...thel&station=All+Stations&tme_limit=72

Wow $4.75 I'll update the Title

 

[Trevelyan]

Dang that sucks!

 

[dmcowen674]

Originally posted by: dualsmp
Check out the craziness in Alaska :shocked::

http://alaskagasprices.com/retail_price_chart.aspx

http://alaskagasprices.com/index.aspx?s...thel&station=All+Stations&tme_limit=72

Wow $4.75 I'll update the Title

Originally posted by: Trevelyan
Dang that sucks!

For all intents and purposes the "Drive for Five" has arrived................ enjoy all :laugh:

 

[Vic]

Originally posted by: dualsmp
Check out the craziness in Alaska :shocked::

http://alaskagasprices.com/retail_price_chart.aspx

http://alaskagasprices.com/index.aspx?s...thel&station=All+Stations&tme_limit=72

You realize that Bethel and Aniak are extremely remote tiny towns with no outside road access, right? All the gas has to be flown in. Why don't you check out the prices in Fairbanks and Anchorage? They're less than what most of us are paying in the lower 48.

 

[shrumpage]

yeah places where milk costs 5 bucks a gallon.

I can fly out to one of the villages here and by a 12 pack of pepsi for 10 dollars....


but i don't use that as an price gauge for the rest of the country.


btw - i do live in 'rural' alaska, gas is 2.85 where i live.

 

[shrumpage]

Wait till you see the price of McDonalds out at Dutch Harbor, heck, here our 'value' menu starts at a 1.50.

Here i'll write the heading for you:

"US has rampant inflation! McDonalds increases prices by 50%! - resident P&Ners said it would never happen"

 

[CPA]

Originally posted by: shrumpage
Wait till you see the price of McDonalds out at Dutch Harbor, heck, here our 'value' menu starts at a 1.50.

Here i'll write the heading for you:

"US has rampant inflation! McDonalds increases prices by 50%! - resident P&Ners said it would never happen"

Please don't give Dave any ideas.

 

[blackangst1]

Originally posted by: shrumpage
Wait till you see the price of McDonalds out at Dutch Harbor, heck, here our 'value' menu starts at a 1.50.

Here i'll write the heading for you:

"US has rampant inflation! McDonalds increases prices by 50%! - resident P&Ners said it would never happen"

:laugh:

 

[Dr. Detroit]

No idea where the $3.50/G is coming from on the California side of things. Here in Silicon Valley which is notorious for having some of the highest gas prices in the nation we are at $2.89/G for regular and Costco is at $2.77/G.

Inner San Francisco will have about a 15-cent premium over the prices I posted. Perhaps those $3.50 prices are coming from some desolate stretches of highway or small podunk towns off 2-lane roads.

 

[jrenz]

Originally posted by: shrumpage
but i don't use that as an price gauge for the rest of the country.

Because you don't have Dave's agenda to fit :laugh:

 

[conehead433]

Could the oil barons quit posting their false prices on this thread. Thanks.