Argument against high gas prices

wrote:

You have an arrogant attitude. I have more in my 401K than you do,
but that's not the point. I have a legitimate right to gripe about
over-inflated gas prices which are clearly a result of poorly managed
supply (not increasing demand). Investing money in the industry which
I don't have at my disposal (and no, 401K funds typically don't allow
you to target one or two stocks) as a way of saying "if you can't beat
them, join them" is BS. Also, trying to insult my education is
juvenile. You are what, 25? 28? You act like 17.

Dean

You seem to be under the misconception that it is the oil company's job to
keep prices as low as posible. This is not the case. It is their job to keep
profits as high as they can. Obviously the market is able to deal with
prices at thier current rate because according to all the reports I've seen
holiday driving didn't drop a bit this past memorial day weekend.

"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
wrote:

You have an arrogant attitude. I have more in my 401K than you do,
but that's not the point. I have a legitimate right to gripe about
over-inflated gas prices which are clearly a result of poorly managed
supply (not increasing demand). Investing money in the industry which
I don't have at my disposal (and no, 401K funds typically don't allow
you to target one or two stocks) as a way of saying "if you can't beat
them, join them" is BS. Also, trying to insult my education is
juvenile. You are what, 25? 28? You act like 17.

Dean

You seem to be under the misconception that it is the oil company's job to
keep prices as low as posible. This is not the case. It is their job to
keep profits as high as they can.

And why did they hold prices at the $1.50 mark a few years ago instead of
running them to $3.00 a gallon like they are today?


Obviously the market is able to deal with prices at thier current rate
because according to all the reports I've seen holiday driving didn't drop
a bit this past memorial day weekend.

Prices dropped early last winter because they market expected a mild winter.
They rose starting in January when that mild winter didn't materialize,
instead, it was somewhat brutal.

On Jun 6, 10:34 am, "Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net
wrote:
wrote:

You have an arrogant attitude. I have more in my 401K than you do,
but that's not the point. I have a legitimate right to gripe about
over-inflated gas prices which are clearly a result of poorly managed
supply (not increasing demand). Investing money in the industry which
I don't have at my disposal (and no, 401K funds typically don't allow
you to target one or two stocks) as a way of saying "if you can't beat
them, join them" is BS. Also, trying to insult my education is
juvenile. You are what, 25? 28? You act like 17.

Dean

You seem to be under the misconception that it is the oil company's job to
keep prices as low as posible. This is not the case. It is their job to keep
profits as high as they can. Obviously the market is able to deal with
prices at thier current rate because according to all the reports I've seen
holiday driving didn't drop a bit this past memorial day weekend.

I didn't go anywhere... not at these prices! I'm not claiming its the
oil companies fault anyway, its really our EPA restrictions that
prevent new refineries from being built. Think that is going to
change?

wrote in message
oups.com...

I didn't go anywhere... not at these prices! I'm not claiming its the
oil companies fault anyway, its really our EPA restrictions that
prevent new refineries from being built. Think that is going to
change?

Depends on whether people want to believe every excuse the oil industry
comes up with while it's making record profits by throttling the oil supply.

Do the math. There's a theoretical finite amount of petroleum. As an oil
baron, your job is to extract the maximum value out of every drop that you
can. Abundance reduces profit margin. All you have to do is keep the supply
limited an blame the war, Katrina, lack of refineries, unrest is the middle
east, speculation that oil prices will rise, EPA regulations, treehuggers,
"unexpected holiday shortages", whatever. If everybody had diamonds, they
wouldn't be worth a fortune.

Energy supply and rate manipulation worked for Enron, they just didn't do it
as smartly or with as much support.

-c

"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...

You seem to be under the misconception that it is the oil company's job to
keep prices as low as posible. This is not the case. It is their job to
keep profits as high as they can. Obviously the market is able to deal
with prices at thier current rate because according to all the reports
I've seen holiday driving didn't drop a bit this past memorial day
weekend.

How's general aviation doing? How are the airlines doing? Who do you
suppose is subsidizing all those federal bailouts?

Notice that the cost of groceries and postage are going up? Notice how the
cost of airplane rentals is going up?

At what point do we say "It's not the oil company's job to keep oil prices
as low as possible, but it's America's job to protect its own economy
instead of letting Exxon make record profits while the entire US economy
suffers?"

If you guys want to get Draconian about it, I think it's perfectly fair for
Uncle Sam to push back. Don't Tread on Me, et al.

-c

gatt wrote:
"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...

You seem to be under the misconception that it is the oil company's
job to keep prices as low as posible. This is not the case. It is
their job to keep profits as high as they can. Obviously the market
is able to deal with prices at thier current rate because according
to all the reports I've seen holiday driving didn't drop a bit this
past memorial day weekend.

How's general aviation doing? How are the airlines doing? Who do you
suppose is subsidizing all those federal bailouts?

Notice that the cost of groceries and postage are going up? Notice
how the cost of airplane rentals is going up?

At what point do we say "It's not the oil company's job to keep oil
prices as low as possible, but it's America's job to protect its own
economy instead of letting Exxon make record profits while the entire
US economy suffers?"

If you guys want to get Draconian about it, I think it's perfectly
fair for Uncle Sam to push back. Don't Tread on Me, et al.

-c

All America has to do to stop Exxon from making record profits is to but
less gas. Since the amount of discretionary driving this past Memorial Day
weekend didn't drop it seems that the American people really aren't that
concerned with the current price of gas.

General aviation sucks as industry though there are several bright spots.
Fuel costs are part of the problem especially in the recreation sector I
don't think that's all of it. For some reason people just don't seem to
won't their own airplane. People are spending just as much on boats that
burn just as much if not more gas than aircraft do.

As far as bailouts go they need to stop. I might not say that if it weren't
for the fact that there are airlines out there making money.

It's when the government gets involved that everything will get really
screwed up.

"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...

All America has to do to stop Exxon from making record profits is to but
less gas.

Since the amount of discretionary driving this past Memorial Day weekend
didn't drop it seems that the American people really aren't that concerned
with the current price of gas.

Ah, yeah. All the people talking about it all the time aren't really
concerned.

How's GM doing these days? How about the airlines? Taxpayers gotta keep
bailing them out. Must be a reason nobody wants a Hummer anymore, but, I
wonder what it could be.

Fuel costs are part of the problem especially in the recreation sector I
don't think that's all of it.

Naw. $4/gallon at the boat fuel dock for gas that cost $2/gallon in 2002
at the same pump has nothing to do with why I don't put my boat in the water
anymore, and kayak instead. And, nobody's at all curious as to why the cost
of gas nearly doubled in the last two years. Fuel costs. Naaah. Gotta be
something else.

For some reason people just don't seem to won't their own airplane.
People are spending just as much on boats that burn just as much if not
more gas than aircraft do.

I don't drive my boat anymore because of the cost of gas. Nor do my wife
and I take long roadtrips in our jeep. Nor do my friends. Back during and
right after college, you'd not have caught a friend of mine buying a new
vehicle that wasn't American made. But now, they're buying Toyotas which,
you might remember, is wiping the world's ass with Ford and General Motors.
That's because the latter can't seem to deliver a fuel efficent vehicle, at
least until the Escape came along. (One of the Toyota buyers bought an
Escape hybrid and loves it.)

-c

In article ,
"gatt" wrote:

[snip]
That's because the latter can't seem to deliver a fuel efficent vehicle, at
least until the Escape came along. (One of the Toyota buyers bought an
Escape hybrid and loves it.)

btw - I believe the Escape hybrid technology is from Toyota.

--
Bob Noel
(goodness, please trim replies!!!)

"Bob Noel" wrote in message
...

"gatt" wrote:

That's because the latter can't seem to deliver a fuel efficent vehicle,
at
least until the Escape came along. (One of the Toyota buyers bought an
Escape hybrid and loves it.)

btw - I believe the Escape hybrid technology is from Toyota.

Yeah, pretty much. They got on the Escape waiting list and for two years
or so all they got was an occasional glossy newsletter showing them what
their vehicle would look like, etc. In the meantime, they tired of waiting,
got on the Prius waiting list and took delivery of the Prius first. When
the Escape became available, they bought it too. Now they have two hybrids.

-c

gatt wrote:
"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...

All America has to do to stop Exxon from making record profits is to
but less gas.

Since the amount of discretionary driving this past Memorial Day weekend
didn't drop it seems that the American people really aren't
that concerned with the current price of gas.

Ah, yeah. All the people talking about it all the time aren't really
concerned.

Sure they are talking about it. But when push comes to shove they still
drive the same way they did when gas was 1.50/gal.

How's GM doing these days? How about the airlines? Taxpayers gotta
keep bailing them out. Must be a reason nobody wants a Hummer
anymore, but, I wonder what it could be.


If you think GM problems are caused only by the price of gas you are nuts.
Their problem is they produce a sub-par product.


Fuel costs are part of the problem especially in the recreation
sector I don't think that's all of it.

Naw. $4/gallon at the boat fuel dock for gas that cost $2/gallon in
2002 at the same pump has nothing to do with why I don't put my boat
in the water anymore, and kayak instead. And, nobody's at all
curious as to why the cost of gas nearly doubled in the last two
years. Fuel costs. Naaah. Gotta be something else.

For some reason people just don't seem to won't their own airplane.
People are spending just as much on boats that burn just as much if
not more gas than aircraft do.

I don't drive my boat anymore because of the cost of gas. Nor do my
wife and I take long roadtrips in our jeep. Nor do my friends. Back
during and right after college, you'd not have caught a friend
of mine buying a new vehicle that wasn't American made. But now,
they're buying Toyotas which, you might remember, is wiping the
world's ass with Ford and General Motors. That's because the latter
can't seem to deliver a fuel efficent vehicle, at least until the
Escape came along. (One of the Toyota buyers bought an Escape
hybrid and loves it.)
-c

You and your friend are the exception. Not the rule.