Gas $5.00 per gallon
NO it's not capitalism, government is stopping new refiners from being built or looking for new oil, with the prices high more new company's should be out there competing for the oil dollars.
And when they saying there only making the same profit margin they every made, but it it costs 80 dollars for them to make it and they sell for a 100dollars they make 20 dollars, but the if the material costs go up and it cost a 100 dollars to make, they want to make 30 dollars for doing the same amount of labor to produce, so there making more to do less, how do I get in on that deal for my job, my material costs are threw the roof, so shouldn't I be making 100 dollarsan hour now
And when they saying there only making the same profit margin they every made, but it it costs 80 dollars for them to make it and they sell for a 100dollars they make 20 dollars, but the if the material costs go up and it cost a 100 dollars to make, they want to make 30 dollars for doing the same amount of labor to produce, so there making more to do less, how do I get in on that deal for my job, my material costs are threw the roof, so shouldn't I be making 100 dollarsan hour now
Guys,
it is impossible that gasoline prices have gone past $5
because back in November of last year
I was told that T. Boone Pickens
was wrong that they would go past $4:
https://dodgeforum.com/archive/threa...-604398-1.html
But the reason gasoline prices & crude oil futures prices are in a
"irrational exuberance"
price bubble
is because Hedge Funds
are putting up fifty cents of their own money
borrowing $3.50 from big US Banks
and then buying
$4 per barrel 'futures options on crude oil.
In the last 9 months billions of $
have been quickly made by 'leveraged speculation' by Hedge Funds
whereas stock prices and bond prices are been money losers.
it is impossible that gasoline prices have gone past $5
because back in November of last year
I was told that T. Boone Pickens
was wrong that they would go past $4:
https://dodgeforum.com/archive/threa...-604398-1.html
But the reason gasoline prices & crude oil futures prices are in a
"irrational exuberance"
price bubble
is because Hedge Funds
are putting up fifty cents of their own money
borrowing $3.50 from big US Banks
and then buying
$4 per barrel 'futures options on crude oil.
In the last 9 months billions of $
have been quickly made by 'leveraged speculation' by Hedge Funds
whereas stock prices and bond prices are been money losers.
An interesting article I found about Fusion reactors that kind of fits in with this whole discussion. I think fusion power plants are the future for energy onthis planet.If you read the article, the most interesting thing about it is what the GreenPeace nuts say about it (about 2/3rds of the way down.) Hard to tell what the environmentalists are FOR since they appear to be against everything.
http://www.msnbc.msn.com/id/8385911/
http://www.msnbc.msn.com/id/8385911/
It has not been cold enough yet here in N IA to be on winter fuel so why do you think your on it? Thou I will say it should start to show up here with in the next 7 to 10 days.
If they can make a rig that would run on batteries and pull my 33' fifth wheel 400 miles on a charge I'd pony up the money and buy it. I've always wanted to thumb my nose at the middle east and the US government for ripping off the people.
We either find other modes of transportation, or we pay the price. I need to pull the Harley out and start riding. At current fuel prices it's still over $17 to fill that tank.
Holiday
We either find other modes of transportation, or we pay the price. I need to pull the Harley out and start riding. At current fuel prices it's still over $17 to fill that tank.
Holiday
I hear ya about the Harley. I too have been considering it more and more. It cost me 95.00 last night to fill up, and that usually only lasts me a little over a week ( 400 miles ). If I didn't need my truck for work, I'd definately be riding my scoot.



