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Gas for Dollar a Gallon

General discussions of the systemic, societal and civilisational effects of depletion.
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Gas for Dollar a Gallon

Unread postby Beignet2 » Thu 04 Dec 2008, 16:24:29

http://www.patriotledger.com/business/x ... ices-ahead



Just received this from a friend. Haven't heard of this site before, but I thought I would pass it on.
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Re: Gas for Dollar a Gallon

Unread postby rdsaltpower » Thu 04 Dec 2008, 16:43:03

I saw that story myself. Mindblowing!
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Re: Gas for Dollar a Gallon

Unread postby Armageddon » Thu 04 Dec 2008, 17:27:09

Could this bankrupt Russia, Venezuela, and the Middle East ? This reminds me of how the Cold War was won too.
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Re: Gas for Dollar a Gallon

Unread postby smallpoxgirl » Thu 04 Dec 2008, 18:09:45

Everybody keeps blaming this on speculators. Here's my question.

If the price rise was as simple as a bunch of speculators driving it up, why on earth doesn't OPEC bankroll a bunch of speculators to run it back up?
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Re: Gas for Dollar a Gallon

Unread postby Armageddon » Thu 04 Dec 2008, 18:15:54

$this->bbcode_second_pass_quote('smallpoxgirl', 'E')verybody keeps blaming this on speculators. Here's my question.

If the price rise was as simple as a bunch of speculators driving it up, why on earth doesn't OPEC bankroll a bunch of speculators to run it back up?



Good question. Maybe there is too much money driving it down ? Hell, you got me. I can't make any sense out if it.
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Re: Gas for Dollar a Gallon

Unread postby GoghGoner » Thu 04 Dec 2008, 18:56:44

$this->bbcode_second_pass_quote('smallpoxgirl', 'E')verybody keeps blaming this on speculators. Here's my question.

If the price rise was as simple as a bunch of speculators driving it up, why on earth doesn't OPEC bankroll a bunch of speculators to run it back up?


This article written last September argues that is what happens. If that was true why wouldn't they just jump in now, though. I guess that is what you were asking. I guess it doesn't pass the smell test. I don't think it is completely about supply and demand either.

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Re: Gas for Dollar a Gallon

Unread postby Snik » Thu 04 Dec 2008, 19:45:43

Markets are never only about supply and demand. Markets are made of people, and they behave as such. Hence, markets move contrary to fundementals, or beyond what fundementals dictate. After a certain point it's all about emotion, sometimes to the point of panic. That panic can be a buying panic, or a selling panic. We are in a selling panic right now. Fortunately the markets are not always in a panic mode, but when they are you can't really predict how high, or how low they will go.
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Re: Gas for Dollar a Gallon

Unread postby jasonraymondson » Thu 04 Dec 2008, 20:58:28

$this->bbcode_second_pass_quote('Snik', 'M')arkets are never only about supply and demand. Markets are made of people, and they behave as such. Hence, markets move contrary to fundementals, or beyond what fundementals dictate. After a certain point it's all about emotion, sometimes to the point of panic. That panic can be a buying panic, or a selling panic. We are in a selling panic right now. Fortunately the markets are not always in a panic mode, but when they are you can't really predict how high, or how low they will go.



That sound like this.

(We don't have a fucking clue)

(We are just guessing here folks)
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Re: Gas for Dollar a Gallon

Unread postby Snik » Thu 04 Dec 2008, 21:28:24

You got it.
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Re: Gas for Dollar a Gallon

Unread postby smallpoxgirl » Thu 04 Dec 2008, 22:10:05

$this->bbcode_second_pass_quote('GoghGoner', 'T')his article written last September argues that is what happens. If that was true why wouldn't they just jump in now, though. I guess that is what you were asking. I guess it doesn't pass the smell test. I don't think it is completely about supply and demand either.


Right. It's about peoples emotions and expectations around supply and demand. My point was basically that if this was a simple issue of speculators driving it up and down to make a profit, it's pretty obvious that both OPEC and the US government have a lot more money than any collection of speculators. They'd both be elbow deep in manipulating the market. Instead, they apply leverage where it can actually work - By trying to impact peoples emotions and expectations about supply and demand.
"We were standing on the edges
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Re: Gas for Dollar a Gallon

Unread postby RedStateGreen » Thu 04 Dec 2008, 22:14:20

Two words: market manipulation.
$this->bbcode_second_pass_quote('efarmer', '&')quot;Taste the sizzling fury of fajita skillet death you marauding zombie goon!"

First thing to ask: Cui bono?
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Re: Gas for Dollar a Gallon

Unread postby Sixstrings » Thu 04 Dec 2008, 22:17:00

Oh, $1 per gallon would be niiiice.. nostalgiac.. time for a cross country RV trip :)
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Re: Gas for Dollar a Gallon

Unread postby cbxer55 » Thu 04 Dec 2008, 22:50:56

$this->bbcode_second_pass_quote('Sixstrings', 'O')h, $1 per gallon would be niiiice.. nostalgiac.. time for a cross country RV trip :)


And while you are on the other side of the country, it rockets back up to $4.00+ per gallon! Then whatcha gonna do?
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Re: Gas for Dollar a Gallon

Unread postby eastbay » Thu 04 Dec 2008, 22:55:20

$this->bbcode_second_pass_quote('Sixstrings', 'O')h, $1 per gallon would be niiiice.. nostalgiac.. time for a cross country RV trip :)




You may not have long to wait. Only 36 cents lower and your wish will be true.
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Re: Gas for Dollar a Gallon

Unread postby Sixstrings » Thu 04 Dec 2008, 22:55:22

$this->bbcode_second_pass_quote('', 'A')nd while you are on the other side of the country, it rockets back up to $4.00+ per gallon! Then whatcha gonna do?


Lol, it's funny you say that. I was going to take a trip when gas was $4 a gallon.. it was going to be expensive, but I love the comfort of an RV. But I ended up nixing the trip cuz I was *convinced* gas would shoot to $6 when it came time for the return leg.
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Re: Gas for Dollar a Gallon

Unread postby Revi » Thu 04 Dec 2008, 23:04:12

I think this price crash is evidence of how bad things are. They have to keep driving the price lower just to get people to buy it. We are in a deflationary depression. So many people have dropped out of the market that they can't buy gas even if it's a dollar a gallon. I think we may be near the bottom, but we'll have to see.

Funny, when Bush got in gas was selling for $1.46 a gallon. Now that he's leaving it's back there again.
Deep in the mud and slime of things, even there, something sings.
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Re: Gas for Dollar a Gallon

Unread postby cbxer55 » Thu 04 Dec 2008, 23:04:25

$this->bbcode_second_pass_quote('Sixstrings', '')$this->bbcode_second_pass_quote('', 'A')nd while you are on the other side of the country, it rockets back up to $4.00+ per gallon! Then whatcha gonna do?


Lol, it's funny you say that. I was going to take a trip when gas was $4 a gallon.. it was going to be expensive, but I love the comfort of an RV. But I ended up nixing the trip cuz I was *convinced* gas would shoot to $6 when it came time for the return leg.


An old Wile E. Coyote saying. "A wise decision my friend. You have just saved yourself from a fate worse than the frying pan!" LOL
Operation Rabbit Around about 4:10

And remember, mud spelled backwards, is DUM! LOL
Last edited by cbxer55 on Thu 04 Dec 2008, 23:41:07, edited 1 time in total.
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Re: Gas for Dollar a Gallon

Unread postby threadbear » Thu 04 Dec 2008, 23:32:02

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('GoghGoner', 'T')his article written last September argues that is what happens. If that was true why wouldn't they just jump in now, though. I guess that is what you were asking. I guess it doesn't pass the smell test. I don't think it is completely about supply and demand either.


Right. It's about peoples emotions and expectations around supply and demand. My point was basically that if this was a simple issue of speculators driving it up and down to make a profit, it's pretty obvious that both OPEC and the US government have a lot more money than any collection of speculators. They'd both be elbow deep in manipulating the market. Instead, they apply leverage where it can actually work - By trying to impact peoples emotions and expectations about supply and demand.


This is what I've been saying for Y-e-a-r-s.
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Re: Gas for Dollar a Gallon

Unread postby aahala2 » Fri 05 Dec 2008, 11:31:39

$this->bbcode_second_pass_quote('Revi', ' ')

Funny, when Bush got in gas was selling for $1.46 a gallon. Now that he's leaving it's back there again.


Not foreseen, but forseeable. If you had known about "Peak Bush". The curve first rises, then levels off and yada yada yada.
:lol:
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