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TGT
Social climber
So Cal
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Thanks to the enviroNazis the regulatory climate has been such that there hasn't been a new refinery built in the US in years and many shut down.
This has led to a brittle supply chain subject to shortage from what would be insignificant upsets if there were even a slight amount of excess capacity.
One electrical transformer shuts down one refinery in Torrance Ca and it starts a cascading shortage for the whole west coast.
Refining is not a high margin business. Those guys squeeze a penny till it shits a nickel. It's also incredibly capital intensive and not without plenty of both natural and artificial regulatory risk.
Same kind of event happened after Katrina with a lot longer effect. That one also skewed the petrochemical / plastics markets for months.
If you can avoid filling up till Tuesday it will be worth the wait. Torrance is back on line.
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climbski2
Mountain climber
Anchorage AK, Reno NV
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It's an international market folks and half what you are paying in the uSA and Canada goes to Wall street
In Eu a massive proportion goes to state taxes and about 1/4 goes to wall street
The sheep will be fleeced for all they have up to the point of armed conflict as best the masters can guess what that is. Even then they calculate how much armed conflict they can survive
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Big Mike
Trad climber
BC
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Dweeb- It thought you were a pony guy... not a troll ;)
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Da_Dweeb
climber
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Topic Author's Reply - Oct 7, 2012 - 01:30am PT
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Pony/troll half-breed. The future of affordable transportation in California.
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Big Mike
Trad climber
BC
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Dweeb where do you come up with that sh%t?? ;)
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jstan
climber
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Someone has pointed out how gas prices leapt at about the time of the first debate.
Let's just suppose gas prices are in fact being manipulated. There are laws against anticompetitive action.
Also the Citizens United decision by the supreme court has ruled that corporations are people. That being the case we don't need to establish what physical person(s) within a corporation made a decision.
If we had a RICO-like criminal decision against a corporation how would criminal penalties be applied? When you put a person in jail you take away their power to make decisions. The same can be done to a corporate/person.
The court appoints a person(s) to make all management decisions for the corporation for a period of time. The corporation is in jail.
Financial penalties levied against a monopoly have no effect. Prices are simply raised so profits are unaffected. The natural persons inside the corporation are entirely unaffected.
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Da_Dweeb
climber
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Topic Author's Reply - Oct 8, 2012 - 05:38pm PT
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Financial penalties levied against a monopoly have no effect. Prices are simply raised so profits are unaffected. The natural persons inside the corporation are entirely unaffected.
In the words of Big Macintosh,
[Click to View YouTube Video]
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Chaz
Trad climber
greater Boss Angeles area
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Until this morning, I hadn't set foot in California for a month.
I filled up at Last Chance Gas in Oregon, but before long it ran out.
Then I was subjected to the Four Jesus Fillup.
"Jesus Jesus Jesus" when I saw the price per gallon, and another "Jesus" when I saw it was $40+ for nine gallons.
Jesus.
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Fat Dad
Trad climber
Los Angeles, CA
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I saw a "Gas was $1.69 a gallon when Obama took office" bumper sticker a couple of days ago. I was going to say something to the guy whose car it was on but i assumed he was retarded if he believed the sticker so didn 't bother..
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zBrown
Ice climber
chingadero de chula vista
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Kinda makes you wonder what the ROI for oil companies is.
how 'bout the triple E
Enron, Enron, Enron
Takes a lot of Skilling to win at this game.
Where is FAROUT when you need him?
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Chaz
Trad climber
greater Boss Angeles area
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Here's a map illustrating gas prices by county - red is the most expensive, green the cheapest - for the U.S.:
( guess which state is painted red, dark red )
http://www.gasbuddy.com/gb_gastemperaturemap.aspx
Do you think oil company greed stops at the state line? Really?
High gas prices have more to do with rotten failed government - like California's - than anything the oil companies are doing.
What exactly have we gotten in return for paying sky-high gas prices in California that the citizens of every other state in The Union don't have? Anything?
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zBrown
Ice climber
chingadero de chula vista
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High gas prices have more to do with rotten failed government - like California's - than anything the oil companies are doing.
How?
Where did Enron manipulate prices the most? In California where the most money is spent. They were after all, not completely stupid.
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climbski2
Mountain climber
Anchorage AK, Reno NV
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I saw a "Gas was $1.69 a gallon when Obama took office" bumper sticker a couple of days ago. I was going to say something to the guy whose car it was on but i assumed he was retarded if he believed the sticker so didn't bother..
Actually it was.
When Bush crashed the commodities market.
About 1/3 to 1/2 of the cost of fuel today is due to rampant inflationary Wall Street commodities investment.
You can clearly see that the major cost driver for fuel prices has little to do with supply and demand.
Since the low point in 2008 demand has only gone up 8% while fuel cost have gone up over 130%
Infact for the first time in over 10 years this summer production actually exceeded demand. Which of course should be reducing cost.
Like being ripped off by Wall Street?
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rottingjohnny
Sport climber
mammoth lakes ca
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Thank god that wall street is doing well cause their luck will soon trickle down to everyone , Republicans included...
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Chaz
Trad climber
greater Boss Angeles area
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The government, through it's policies and unnecessary regulations, is giving the *speculators* every reason to expect oil prices to rise, and no reason to expect prices to drop.
Of course the smart money is betting on higher oil prices. Why wouldn't they? Why shouldn't they?
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zBrown
Ice climber
chingadero de chula vista
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unnecessary regulations
Big tobacco didn't need regulation either, right? You're living in a fantasy world chaz.
Stick to the photos.
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Chaz
Trad climber
greater Boss Angeles area
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What did we get for the government imposed moratorium on drilling in the Gulf of Mexico? ( besides constantly increasing gas prices )
Anything?
Anything, but an excuse for the *speculators* to bet up the price of oil?
If you think the resulting higher gas prices represent money well spent, that's fine. That's a valid opinion.
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climbski2
Mountain climber
Anchorage AK, Reno NV
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lol chaz unnecessary regulation would actually curtail production not increase it which is the opposite of what is happennning in the "REAL WORLD"
Our problem is actually the exact opposite of what you are claiming
Current regulations allow for insane profit taking and market manipulation that neither serves the public or allows for a self regulating supply demand market scenario.
You have been sold a bill of goods by the republicans who serve the manipulators and are finding yourself spouting Orwellian opposite-speak
You will notice as I showed before demand has grown 8% and production now is exceeding demand. Both those factors should lead to gasoline costs near the same as the low point in 2008. At most we should be paying $2 a gallon.
The only wild card is the underregulated commodities market. Although in CA they are dealing with a short-term infrastructure problem creating a spike.
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corniss chopper
climber
breaking the speed of gravity
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$0.48 for a gallon of gas in Jeddah ,Saudi Arabia.
A loaf of bread costs $0.67 at their food mart.
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