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Tractor Talk Discussion Forum

o/t here we go again

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husky

09-06-2006 03:49:18




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here we go again !!!!! years ago 1980??? i used cornohol(no problems) in my motorcycle the "gas companys" were pissed so they lowered there prices so that the people that made it went out of business now we have biodiesel ,hydrogen,electric cars ect in the pipeline what happens?? oil prices suddenly fall ??? price gouging??? what are they going to do next ?????

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Brian in NY

09-08-2006 06:10:19




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 Re: o/t here we go again in reply to husky, 09-06-2006 03:49:18  
It's the same thing with heating your house with corn. Why not give your money to the farmers instead of the greedy oil pigs?



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David in Wales

09-06-2006 10:00:42




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 Re: Price of gas in England in reply to husky, 09-06-2006 03:49:18  
Prices here have dropped over the past couple of weeks - unleaded gas per US gallon dropped from $3.78 gall down now (in hypermarket) $3.56 gall.

The government takes about 85% of this in tax !!!

Even worse is the price of cigaretes now $9.50 per 20 pack !!! Ouch.

David in poverty



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Nathan in MN

09-06-2006 07:43:35




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 Re: o/t here we go again in reply to husky, 09-06-2006 03:49:18  
A few things:
First, would it hurt anyone to look at falling prices as a GOOD thing? Why all the pessimism?

Second, if the oil companies are dropping prices to put the biodiesel, etc. companies out of business so that they can raise the prices at will, won"t the biodiesel companies reappear?

Finally, no one is forced to buy oil products. If the prices become too high and some other source of energy becomes more practical, no one will buy gasoline/diesel fuel.

This all requires looking at it from the simple perspective of supply and demand.

Nathan in MN

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krm

09-06-2006 07:28:18




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 Re: o/t here we go again in reply to husky, 09-06-2006 03:49:18  
Gas is down to $2.30 a gallon in Indiana,must be an election coming up.



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OliverGuy

09-06-2006 18:05:13




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 krm, wish I was there in reply to krm, 09-06-2006 07:28:18  
Looks like you live in a good part of the state for gas prices. It just got to 2.56 in Tippecanoe Co.



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Mike Gildernick

09-06-2006 05:53:44




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 Re: o/t here we go again in reply to husky, 09-06-2006 03:49:18  
The traders who set the price on crude oil take all their info on supply and production output from the oil companys them selves! So who really sets the price? Think about that!! Mike



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Doug in IL.

09-06-2006 04:37:12




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 Re: o/t here we go again in reply to husky, 09-06-2006 03:49:18  
Back in early June, I was talking to a relative who has been in the oil business since he got out of college 30 years ago. He told me that there is actually a lot of crude oil in inventory. He told me to look for prices at the pump to drop by at least a third sometime in the next two years. He said prices would stay in the lower range for as long as it took to eliminate the biofuels producing plants now on line, and those in the planning stages. He told me that big oil is out to eliminate the biofuels idea once and for all. And then, Big Oil would be able to raise prices at will. He may be right!

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BobMo

09-06-2006 05:36:28




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 Re: o/t here we go again in reply to Doug in IL., 09-06-2006 04:37:12  
The oil companies neither big nor small set the price of crude. It is put up for sale and they take whatever they can get. If the price stays up they charge their refineries what its selling for on the world market. Consequently they make a lot of money because of speculators which buy & sell crude.
Its the same as if you put a tractor in your yard and decided you needed 1000 dollars for it to come out on it. The 1st guy stops by and tells you he'll give you 2000 for it. Will you say "No I only want a 1000" but while he's there another guy stops and says he'll give you 2500 because he heard all those tractors were being sent to China and there is going to to be a shortage. And so goes crude oil...

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VADAVE

09-06-2006 05:53:36




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 Re: o/t here we go again in reply to BobMo, 09-06-2006 05:36:28  
Bob your abut half right. If the oil company owns the well (Chevron consortium in the gulf) then they don't "buy" the oil. If they get the oil from wells they run but are owned by the country then they buy the oil at the country's set price (Saudia Arabia). However today how the oil companies get their crude has nothing to do with the pricing of the refined product. They are pricing their products based on the commodity market and the fears/greed of speculators. Right now it's working fine for the oil companies--they're making gobs of money--if the speculators ever decide there is plenty of supply and drop the price then the companies will do something different.
By the way haven't you noticed when ever someone asks the oil industry why the price is so high the claim is that they didn't cause that it's just supply and demand. Who's messing with supply of refined oil products?

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IH2444

09-06-2006 07:23:51




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 Re: o/t here we go again in reply to Joe in IN, 09-06-2006 06:04:57  
Perhaps, but how many refineries have the oil companies tried to build ? Applied for permits, etc ?



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Easy1

09-06-2006 08:17:18




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 Re: o/t here we go again in reply to IH2444, 09-06-2006 07:23:51  
They tore down a couple here in Michigan, claimed they were too small to make money.



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