O/T Concerning Gas Pricing
five...@webtv.net
grocery store he pays 60 cents a dozen. Since a dozen eggs won't last a
week he normally buys two dozens at a time.
One day while buying eggs he notices that the price has risen to 72
cents. The next time he buys groceries, eggs are 76 cents a dozen. When
asked to explain the price of eggs the store owner says, "the price has
gone up and I have to raise my price accordingly".
This store buys 100 dozen eggs a day. I checked around for a better
price and all the distributors have raised their prices. The
distributors have begun to buy from the huge egg farms. The small egg
farms have been driven out of business.
The huge egg farms sells 100,000 dozen eggs a day to distributors. With
no competition, they can set the price as they see fit. The distributors
then have to raise their prices to the grocery stores. And on and on and
on.
As the man kept buying eggs the price kept going up. He saw the big egg
trucks delivering 100 dozen eggs each day. Nothing changed there. He
checked out the huge egg farms and found they were selling 100,000 dozen
eggs to the distributors daily. Nothing had changed but the price of
eggs.
Then week before Thanksgiving the price of eggs shot up to $1.00 a
dozen. Again he asked the grocery owner why and was told, "cakes and
baking for the holiday". The huge egg farmers know there will be a lot
of baking going on and more eggs will be used. Hence, the price of eggs
goes up.
Expect the same thing at Christmas and other times when family cooking
and baking happens. This pattern continues until the price of eggs is
2.00 a dozen. The man says,"there must be something we can do about the
price of eggs".
He starts talking to all the people in his town and they decide to stop
buying eggs. This didn't work because everyone needed eggs. Finally, the
man suggested only buying what you need.He ate 2 eggs a day.
On the way home from work he would stop at the grocery and buy two eggs.
Everyone in town started buying 2 or 3 eggs a day. The grocery store
owner began complaining that he had too many eggs in his cooler. He told
the distributor that he didn't need any eggs.
Maybe wouldn't need any all week. The distributor had eggs piling up at
his warehouse. He told the huge egg farms that he didn't have any room
for eggs would not need any for at least two weeks. At the egg farm, the
chickens just kept on laying eggs.
To relieve the pressure, the huge egg farm told the distributor that
they could buy the eggs at a lower price. The distributor said, " I
don't have the room for the eggs even if they were free".
The distributor told the grocery store owner that he would lower the
price of the eggs if the store would start buying again. The grocery
store owner said, "I don't have room for more eggs. The customers are
only buy 2 or 3 eggs at a time". "Now if you were to drop the price
of eggs back down to the original price, the customers would start
buying by the dozen again".
The distributors sent that proposal to the huge egg farmers. They liked
the price they were getting for their eggs but, the chickens just kept
on laying. Finally, the egg farmers lowered the price of their eggs. But
only a few cents. The customers still bought 2 or 3 eggs at a time. They
said, "when the price of eggs gets down to where it was before, we will
start buying by the dozen."
Slowly the price of eggs started dropping. The distributors had to slash
their prices to make room for the eggs coming from the egg farmers. The
egg farmers cut their prices because the distributors wouldn't buy at a
higher price than they were selling eggs for. Anyway, they had full
warehouses and wouldn't need eggs for quite a while. And the chickens
kept on laying.
Eventually, the egg farmers cut their prices because they were throwing
away eggs they couldn't sell. The distributors started buying again
because the eggs were priced to where the stores could afford to sell
them at the lower price. And the customers starting buying by the dozen
again.
=
Now, transpose this analogy to the gasoline industry. What if everyone
only bought $10.00 worth of gas each time they pulled to the pump. The
dealers tanks would stay semi full all the time. The dealers wouldn't
have room for the gas coming from the huge tank farms.
The tank farms wouldn't have room for the gas coming from the refining
plants. And the refining plants wouldn't have room for the oil being off
loaded from the huge tankers coming from the Middle East.
Just $10.00 each time you buy gas. Don't fill it up. You may have to
stop for gas twice a week but, the price should come down. Think about
it, seriously, and act.
Bobby Knight
<clip>
>Now, transpose this analogy to the gasoline industry. What if everyone
>only bought $10.00 worth of gas each time they pulled to the pump. The
>dealers tanks would stay semi full all the time. The dealers wouldn't
>have room for the gas coming from the huge tank farms.
>
>The tank farms wouldn't have room for the gas coming from the refining
>plants. And the refining plants wouldn't have room for the oil being off
>loaded from the huge tankers coming from the Middle East.
>
>Just $10.00 each time you buy gas. Don't fill it up. You may have to
>stop for gas twice a week but, the price should come down. Think about
>it, seriously, and act.
Twice a week? That's less than 8 gallons at prevailing prices. You'd
better be close to your work or plan to stop more than that.
___,
\o
|
/ \
.
"Someone likes every shot"!
bk
Larry Bud
> price of the eggs if the store would start buying again. The grocery
> store owner said, "I don't have room for more eggs. The customers are
> only buy 2 or 3 eggs at a time". "Now if you were to drop the price
> of eggs back down to the original price, the customers would start
> buying by the dozen again".
The premise is wrong to begin with. The inventory capability of the
market hasn't changed, and his customers are still buying the same
amount of eggs over a period of time, therefore he will still buy the
same amount of eggs over the same period of time.
The only way to lower the price is to reduce demand by buying less eggs
over the same period of time.
dugjustdug
Theory of Large Numbers.
Basically, it doesn't matter.
Shot 81 at Apple Tree with my wife today...
five...@webtv.net
Larry, I don't see it that way, simply from the standpoint that there
are still the same
number of eggs coming on stream each day, as in the past, but are not
moving
forward at the same rate as in the past, so, someone is "storing" them -
and it isn't
the consumers. Are the u s motorist a bunch of patsies?
mho
vfe
Tex
five...@webtv.net wrote:
> A man eats two eggs each morning for breakfast. When he goes to the
> grocery store he pays 60 cents a dozen. Since a dozen eggs won't last a
> week he normally buys two dozens at a time.
That many eggs will kill you before you need to worry about the price
rises.
> Now, transpose this analogy to the gasoline industry. What if everyone
> only bought $10.00 worth of gas each time they pulled to the pump. The
> dealers tanks would stay semi full all the time. The dealers wouldn't
> have room for the gas coming from the huge tank farms.
Ok, I'll buy that...but, guess what happens, then they slow down the
refineries...oops, that raises prices as the inventories drop.
> Just $10.00 each time you buy gas. Don't fill it up. You may have to
> stop for gas twice a week but, the price should come down. Think about
> it, seriously, and act.
Only way to reduce price is to reduce consumption over the long haul.
Which won't happen.
Or, you could increase the supply of refined products (hint, plenty of
Oil...just low capacity to refine it)....so go raise the billions
required to build a new refinery....and then make 10-15% net profit so
the Liberals can yell and scream that you gouge the public.
Wait, better to take that billion and invest in something else....like
Oil companies...afterall, that's where Liberal whiners park their
money.
Tex
twfsa
Around the holidays (4th of july ) I only buy a few bucks at a time.
Tom
<five...@webtv.net> wrote in message
news:9530-443...@storefull-3312.bay.webtv.net...
Miss Anne Thrope
eggs, as he is when talking about golf.
Howard Brazee
>Now, transpose this analogy to the gasoline industry. What if everyone
>only bought $10.00 worth of gas each time they pulled to the pump. The
>dealers tanks would stay semi full all the time. The dealers wouldn't
>have room for the gas coming from the huge tank farms.
>
>The tank farms wouldn't have room for the gas coming from the refining
>plants. And the refining plants wouldn't have room for the oil being off
>loaded from the huge tankers coming from the Middle East.
>
>Just $10.00 each time you buy gas. Don't fill it up. You may have to
>stop for gas twice a week but, the price should come down. Think about
>it, seriously, and act.
That's silly. If you do the same amount of driving, you buy the same
amount of gas. Your individual purchase size makes no significant
difference - it is everybody's gas for the week that matters - no
matter how many purchases it is.
John B.
We should buy the same amount of gas we always buy, but not buy it all
at once? Is that what you're advocating?
Darrell Jefress
"Howard Brazee" <how...@brazee.net> wrote in message
news:k15a32platujm6e0l...@4ax.com...
> That's silly. If you do the same amount of driving, you buy the same
> amount of gas. Your individual purchase size makes no significant
> difference - it is everybody's gas for the week that matters - no
> matter how many purchases it is.
I thought the same thing, then I realized there's a *slight* difference.
Enough to really matter? More likely no than yes.
According to this theory, the same amount of gas will be consumed, but at
any given moment, less of it would be in the tank of consumers. Hence, the
difference must be that it's stored somewhere else in the supply chain. This
mostly becomes an annoyance for the suppliers.
Now, does this difference mean that price would come down? That part's
doubtful in my mind. The result would likely simply be gas lines - more
stops at the station per week, but not offset by the reduced time spent
actually pumping the product. Not to mention the amount of time and
productivity consumed by more frequent stops.
As so many others have said - the solutions are to reduce overall demand, or
increase supply by reducing regulations, such as the inability to build and
operate new refineries.
DJJ
MnMikew
"dugjustdug" <prestig...@yvn.com> wrote in message
news:1144281750.2...@u72g2000cwu.googlegroups.com...
So how many times did you hit it?
William A. T. Clark
Howard Brazee <how...@brazee.net> wrote:
During the 1970's gas crisis, it was announced in the UK that gas would
soon be in short supply. It was, because every driver on the road
promptly rushed to the nearest gas station to fill up, and almost the
entire national supply of gas was then swilling around in people's gas
tanks, while the filling stations were dry. Of course, that didn't last
very long, but I sense that the gas companies are doing a pretty good
job of keeping a sufficient choke on gas supplies that the public is
relieved to get gas, even as the companies edge the price up and up, and
make record profits. It also appears that brokers on the commodities
markets account for a significant fraction of the price of gas, by
speculating on future price fluctuations. As much as 20-30% of the price
of a barrel of oil comes about because of them.
Personally, I am sufficiently sick of seeing the price jump 15-25 cents
every Thursday (in time for the weekend motorist), and coming back down
on Tuesday, to be cynical about "market forces" and the price of gas.
William Clark
Howard Brazee
<clar...@nospamosu.edu> wrote:
>Personally, I am sufficiently sick of seeing the price jump 15-25 cents
>every Thursday (in time for the weekend motorist), and coming back down
>on Tuesday, to be cynical about "market forces" and the price of gas.
In one way, it could be seen as advantageous if those who drive for
recreation (the weekend motorist) pays more than those who drive for
more utilitarian needs.
Gas prices upset us because they're volatile. But inflation in gas
over the long run isn't as big as inflation in, say, health care.
the Moderator
"William A. T. Clark" <clar...@nospamosu.edu> wrote in message
news:clark.31-CD576F...@charm.magnus.acs.ohio-state.edu...
>
> During the 1970's gas crisis, it was announced in the UK that gas would
> soon be in short supply. It was, because every driver on the road
> promptly rushed to the nearest gas station to fill up, and almost the
> entire national supply of gas was then swilling around in people's gas
> tanks, while the filling stations were dry. Of course, that didn't last
> very long, but I sense that the gas companies are doing a pretty good
> job of keeping a sufficient choke on gas supplies that the public is
> relieved to get gas, even as the companies edge the price up and up, and
> make record profits. It also appears that brokers on the commodities
> markets account for a significant fraction of the price of gas, by
> speculating on future price fluctuations. As much as 20-30% of the price
> of a barrel of oil comes about because of them.
>
> Personally, I am sufficiently sick of seeing the price jump 15-25 cents
> every Thursday (in time for the weekend motorist), and coming back down
> on Tuesday, to be cynical about "market forces" and the price of gas.
>
> William Clark
I have heard that the futures market is responsible for about $20.00 per
barrel of oil. Unless demand increases there will likely be a significant
drop in oil prices.
William A. T. Clark
Howard Brazee <how...@brazee.net> wrote:
Indeed, but gas prices are not going up because the oil companies are in
financial difficulties - they continue to exploit this situation and
make record profits off you and me. In a way, the health care system is
rather similar - many medical practitioners and suppliers (including
pharmaceutical companies) exploit our desperation when we are sick by
charging outrageously high fees and prices.
William Clark
kenpi...@gmail.com
Which won't happen."
Mark -
I think an increase in American refining capacity would help.
Ken
Tex
Correct..in fact, some analysts believe that $30 Oil is not
unreasonable.
And unless you are a complete wing-nut looney that will believe the Oil
companies are playing the futures markets, the price of Oil AND Gas is
completely controlled by the Commodity markets.
If you'd like a stable price for a gallon of gas, get on the commodity
exchange and buy ONE MILLION gallons at a fixed wholesale price :-)
Nobody "sets" the price higher or lower to twist the Liberals off...in
spite of what the wing-nuts will have you believe. There are people
speculating that the price will go up and there are speculators betting
the price will go down. Until you remove Oil and Gas from the
commodity markets, you will have this affect. Right now, the
speculators have driven the price up "in the belief" that "something"
will drastically cut supplies (war, hurricanes, martians).
Tex
MnMikew
<kenpi...@gmail.com> wrote in message
news:1144356375.1...@i40g2000cwc.googlegroups.com...
pipeline.
:-)
William A. T. Clark
"Tex" <markte...@gmail.com> wrote:
No, they speculate solely to make money for themselves, and screw the
average Joe. It's really no different to having you and I pick up the
tab for some loser playing the crap tables in Vegas, to tell the truth.
By the way, as I drove home tonight (Thursday) I noticed that the price
of gas at my local BP has gone up 21 cents since this morning. See my
paragraph 2, above.
I rest my case.
William Clark
William A. T. Clark
kenpi...@gmail.com wrote:
Indeed, we currently have a boatload of capped wells in the US that the
oil companies won't open until the price is high enough.
William Clark
bill-o
On 6-Apr-2006, "William A. T. Clark" <clar...@nospamosu.edu> wrote:
> Indeed, but gas prices are not going up because the oil companies are
> in financial difficulties - they continue to exploit this situation
> and
> make record profits off you and me.
Oil Companies don't set the price of oil and 9¢ on the $ is hardly
obscene as profits go.
--
bill-o
A "gimme" can best be defined as an agreement between
two golfers neither of whom can putt very well.
bill-o
On 6-Apr-2006, "William A. T. Clark" <clar...@osu.edu> wrote:
> No, they speculate solely to make money for themselves, and screw the
> average Joe. It's really no different to having you and I pick up the
> tab for some loser playing the crap tables in Vegas, to tell the
> truth.
>
And how would you propose setting such prices?
> By the way, as I drove home tonight (Thursday) I noticed that the
> price of gas at my local BP has gone up 21 cents since this morning.
> See my
> paragraph 2, above.
Sounds to me like your just pissed about something you a) can't control
or b) don't understand or both.
gpsman
> Now, transpose this analogy to the gasoline industry. What if everyone
> only bought $10.00 worth of gas each time they pulled to the pump. The
> dealers tanks would stay semi full all the time. The dealers wouldn't
> have room for the gas coming from the huge tank farms.
I buy a couple fucking chickens if I were that concerned about the $ of
eggs.
Or the equivalent in oil company stock if I were that concerned about
the $ of gas.
If I couldn't afford either I'd eat fewer eggs or use less petroleum.
Americans rarely consider alternatives... they prefer to continue the
same behavior and just bitch about the monster they created as if that
were some sort of solution.
"I'm FAT... but I'm not going to eat less and exercise more... that
would be inconvenient".
-----
- gpsman
Tex
bill-o wrote:
> On 6-Apr-2006, "William A. T. Clark" <clar...@nospamosu.edu> wrote:
>
> > Indeed, but gas prices are not going up because the oil companies are
> > in financial difficulties - they continue to exploit this situation
> > and
> > make record profits off you and me.
>
> Oil Companies don't set the price of oil and 9¢ on the $ is hardly
> obscene as profits go.
Amen Bill-o
BTW, who makes the most profit on each gallon gasoline?
Yup, Federal Government.
Maybe we should call the Congress in front of the people's court and
grill them about their obscene profits while the average american is
suffering.
Tex
Dave Clary
just interject my .sig whenever the mood strikes me.
Dave Clary/Corpus Christi, Tx
Home: http://davidclary.com
Kinky for Texas Gov
"Why The Hell Not"
Tex
Dave Clary wrote:
> Kinky for Texas Gov
> "Why The Hell Not"
God no! Annika might move here thinking he'll get some action.
Tex
bill-o
On 6-Apr-2006, "Tex" <markte...@gmail.com> wrote:
> Maybe we should call the Congress in front of the people's court and
> grill them about their obscene profits while the average american is
> suffering.
Well Tex, sounds like a good idea in theory, but do you think Congress
would actually sign off on a hearing not designed to deflect attention
away from their actions or inactions?
bill-o
On 6-Apr-2006, "gpsman" <gps...@driversmail.com> wrote:
> Americans rarely consider alternatives... they prefer to continue the
> same behavior and just bitch about the monster they created as if
> that were some sort of solution.
You sound very "old school" as Americans go, don't you know that
self-sufficiency went out in the 50s or 60s?
Tex
bill-o wrote:
> On 6-Apr-2006, "Tex" <markte...@gmail.com> wrote:
>
> > Maybe we should call the Congress in front of the people's court and
> > grill them about their obscene profits while the average american is
> > suffering.
>
> Well Tex, sounds like a good idea in theory, but do you think Congress
> would actually sign off on a hearing not designed to deflect attention
> away from their actions or inactions?
Remember, they work for "us" :) Not the other way around.
I think too many people (read: those that don't vote) have forgotten
that fact.
Tex
John B.
The govt. doesn't make a "profit" on anything. And a $400 billion
deficit and a multi-trillion debt, all rung up during the current
administration and GOP-controlled Congress, doesn't bolster your
premise.
Tex
Semantics. The "tax" on each gallon of gasoline is a "profit" to the
government.
Once those "profits" are throw into the big pile of money and spent
wildly after that matters not. They still "profit" from each gallon of
gas sold.
As far as you theory that the debt was run up all during the Bush
Administration....BZZZT, wrongo liberal looney! There has been a debt
hanging over us probably longer than you've been alive.
Tex
the Moderator
"William A. T. Clark" <clar...@osu.edu> wrote in message
news:clark.31-6A472F...@charm.magnus.acs.ohio-state.edu...
>
> No, they speculate solely to make money for themselves, and screw the
> average Joe. It's really no different to having you and I pick up the
> tab for some loser playing the crap tables in Vegas, to tell the truth.
>
> By the way, as I drove home tonight (Thursday) I noticed that the price
> of gas at my local BP has gone up 21 cents since this morning. See my
> paragraph 2, above.
>
> I rest my case.
>
> William Clark
Those bastards. They should be trying to make money for the average Joe and
screwing themselves. Your crap analogy falls flat except that the futures
market is a crap shoot.
John B.
Yes, you're right, conservative kook, but the fact is that GWB has
increased the debt by 26%. Clinton increased it by 13%, Geo. Bush the
first by 46% and Reagan by 188%.
BTW, the wild, out-of-control govt. spending that you deplore is
managed and carried out by your GOP Congress. Govt. agencies can't
spend a dime without authorization from Cap. Hill.
Tex
I see, so you admit you pulled the other statement out of thin air...in
otherwords, your brain.
> BTW, the wild, out-of-control govt. spending that you deplore is
> managed and carried out by your GOP Congress. Govt. agencies can't
> spend a dime without authorization from Cap. Hill.
Really? Gosh...wow, and to think I knew that before you did.
FYI, who was "in control of Congress" under Reagan? Bush? Clinton?
And just how many of your Liberal twit dipshit fuck buddies have voted
against a spending bill in the past 6 years? Careful, you might
explode if you see the truth.
Tex
William A. T. Clark
"bill-o" <assim...@borg.org> wrote:
> On 6-Apr-2006, "William A. T. Clark" <clar...@nospamosu.edu> wrote:
>
> > Indeed, but gas prices are not going up because the oil companies are
> > in financial difficulties - they continue to exploit this situation
> > and
> > make record profits off you and me.
>
> Oil Companies don't set the price of oil and 9¢ on the $ is hardly
> obscene as profits go.
9 cents on the $ translates to multi billion dollar profits, when the
rest of us are squeezed. The oil companies' record profit figures are
obscene.
William Clark
Carbon
> John B. wrote:
>> The govt. doesn't make a "profit" on anything. And a $400 billion
>> deficit and a multi-trillion debt, all rung up during the current
>> administration and GOP-controlled Congress, doesn't bolster your
>> premise.
>
> Semantics. The "tax" on each gallon of gasoline is a "profit" to the
> government. Once those "profits" are throw into the big pile of money
> and spent wildly after that matters not.
You mean like the occupation of Iraq? Because that's into the hundreds of
billions now with no end in sight.
William A. T. Clark
"Tex" <markte...@gmail.com> wrote:
Well, if you knew it, it's too bad that you are not prepared to stand up
and have your heroic GoP take responsibility for it.
Oh, but wait, I forgot that the only people responsible for anything bad
are the "liberals" and the Clintons.
Silly me.
William Clark
Tex
I see...so the 91 cents they have to spend to get you your precious
gallon of gas is stupid?
Why don't you account for the BILLIONS they have to spend in order for
you to drive to your univeristy job where all you do all day is bitch
about how tough life is?
Tex
Tex
You go Burnt! tell us more and more how bad it is...maybe one more out
of 100 will believe you. Come on, you've got all the marketing
skills....and if you don't read the talking points, they'll give a
sheep like you all the answers.
Tex
Howard Brazee
>You go Burnt! tell us more and more how bad it is...maybe one more out
>of 100 will believe you.
In politics you can say anything whatsoever and get 30% of the people
believing you.
johnty
five...@webtv.net wrote:
>......Eventually, the egg farmers cut their prices because they were throwing
> away eggs they couldn't sell.
Great thinking!
'Cos that's what happens isn't it? When gasoline gets to be a couple
of weeks old, the refinieries have to throw it away.
bill-o
On 8-Apr-2006, "William A. T. Clark" <clar...@osu.edu> wrote:
> 9 cents on the $ translates to multi billion dollar profits, when the
> rest of us are squeezed. The oil companies' record profit figures are
> obscene.
As I've said before, you are no professor of economics. You probably
don't believe in profit anyway, it's evil isn't it?
William A. T. Clark
"the Moderator" <sparky@no_spam_engineer.com> wrote:
Precisely - a crap shoot at your and my expense. Perhaps you will be
kind enough to foot the bill for my next Vegas trip, too?
William Clark
William A. T. Clark
"bill-o" <assim...@borg.org> wrote:
> On 6-Apr-2006, "William A. T. Clark" <clar...@osu.edu> wrote:
>
> > No, they speculate solely to make money for themselves, and screw the
> > average Joe. It's really no different to having you and I pick up the
> > tab for some loser playing the crap tables in Vegas, to tell the
> > truth.
> >
>
> And how would you propose setting such prices?
>
> > By the way, as I drove home tonight (Thursday) I noticed that the
> > price of gas at my local BP has gone up 21 cents since this morning.
> > See my
> > paragraph 2, above.
>
> Sounds to me like your just pissed about something you a) can't control
> or b) don't understand or both.
Actually I understand it all too well. Well enough, in fact, to call the
weekly Thursday price hike the day before it happened. Too bad you
cleverly excised that piece of the original post.
And indeed I am pissed off about being ripped off so blatantly every
week.
You should be, too.
William Clark
William A. T. Clark
"bill-o" <assim...@borg.org> wrote:
> On 8-Apr-2006, "William A. T. Clark" <clar...@osu.edu> wrote:
>
> > 9 cents on the $ translates to multi billion dollar profits, when the
> > rest of us are squeezed. The oil companies' record profit figures are
> > obscene.
>
> As I've said before, you are no professor of economics. You probably
> don't believe in profit anyway, it's evil isn't it?
No, it isn't. Profiteering by taking advantage of national hysteria over
Iraq is, however.
William Clark
William A. T. Clark
"Tex" <markte...@gmail.com> wrote:
No, they don't spend 91 cents - we have already established that 20-30%
of the price of a gallon of gas derives from speculation on the futures
market. Or did you miss that memo? I suppose it is perfectly acceptable
to you that someone who never manufactured anything in their life can
"buy" gasoline with the sole intention of driving the price up so he can
make you and I pay more per gallon for it. And you have the nerve to
trot out the pathetic old cliche about universities doing nothing useful?
What oil companies spend is absolutely irrelevant - they make a profit
on that of many more billions, so it is only a question of scale, not
risk. And have you checked the oil companies' profit figures for the
last year or two? Records - for them, and almost for any corporation of
any size. I'm not weeping too hard for them.
You, on the other hand, clearly need all the sympathy and understanding
you can get.
William Clark
Tex
And the Oil companies make that profit? Hardly. The
speculators/traders do.
> Or did you miss that memo? I suppose it is perfectly acceptable
> to you that someone who never manufactured anything in their life can
> "buy" gasoline with the sole intention of driving the price up so he can
> make you and I pay more per gallon for it.
That's capitalism. Jesus you are dumb fuck, what did you pay for your
"education"?
> And you have the nerve to
> trot out the pathetic old cliche about universities doing nothing useful?
What is pathetic is what people are charged for their "education". And
what do they come out with? The twisted mush that you demonstrate is
not a great advertisement for high education.
> What oil companies spend is absolutely irrelevant - they make a profit
> on that of many more billions, so it is only a question of scale, not
> risk. And have you checked the oil companies' profit figures for the
> last year or two? Records - for them, and almost for any corporation of
> any size. I'm not weeping too hard for them.
"record profits" means nothing. Look at the percentage of revenue.
The government is making "record tax revenue" now after a tax
cut....but I thought Bush isn't taking enough? How is that? it's
"record revenue".
> You, on the other hand, clearly need all the sympathy and understanding
> you can get.
Back handed slam? I thought you (the educated one) were above that.
I guess it's game on.
Tex
bill-o
On 8-Apr-2006, "William A. T. Clark" <clar...@osu.edu> wrote:
> No, it isn't. Profiteering by taking advantage of national hysteria
> over Iraq is, however.
You're just being a stubborn ignoramous. How you can charge any business
with a 9% profit margin of profiteering is just assinine. You obviously
care nothing about facts and are just looking for a scapegoat. I'm done
here.
bill-o
On 8-Apr-2006, "johnty" <joh...@hotmail.com> wrote:
> Great thinking!
>
> 'Cos that's what happens isn't it? When gasoline gets to be a couple
> of weeks old, the refinieries have to throw it away.
Yes and I have a storage facility that would gladly accept out of date
gas!
bill-o
On 8-Apr-2006, "William A. T. Clark" <clar...@osu.edu> wrote:
> And indeed I am pissed off about being ripped off so blatantly every
> week.
>
> You should be, too.
I'm actually in the transportation business and lord knows that I
purchase more fuel in a week than you do in a month. But I do understand
how the markets and business work. If you think that prices go up on
thursdays just for the weekend, you're even more ignorant than I
thought.
William A. T. Clark
"bill-o" <assim...@borg.org> wrote:
> On 8-Apr-2006, "William A. T. Clark" <clar...@osu.edu> wrote:
>
> > And indeed I am pissed off about being ripped off so blatantly every
> > week.
> >
> > You should be, too.
>
> I'm actually in the transportation business and lord knows that I
> purchase more fuel in a week than you do in a month. But I do understand
> how the markets and business work. If you think that prices go up on
> thursdays just for the weekend, you're even more ignorant than I
> thought.
Well, seeing as you clearly have access to all of this, just go check on
how many time in the past three years the price of gas at the local
station has risen by more than 10 cents on a Thursday. You will be
amazed.
Around here it has been so regular , you can set your clock by it.
William Clark
PS: I also understand how markets and business work. And I'm one half as
ignorant as you would like to be able to believe.
William A. T. Clark
"Tex" <markte...@gmail.com> wrote:
Both do - the oil companies very clearly make theirs on sales, the other
parasites just skim theirs off the top.
>
> > Or did you miss that memo? I suppose it is perfectly acceptable
> > to you that someone who never manufactured anything in their life can
> > "buy" gasoline with the sole intention of driving the price up so he can
> > make you and I pay more per gallon for it.
>
> That's capitalism. Jesus you are dumb fuck, what did you pay for your
> "education"?
And I suppose Mssrs. Skilling and Lay are another fine example of
capitalism. Try running some kind of ethics check before you give all of
these folk a free pass.
I paid nothing (scholarships, you see), but I did get a good enough
education to learn that it is possible to hold a conversation in English
without having to resort to four letter obscenities. Your excuse?
>
> > And you have the nerve to
> > trot out the pathetic old cliche about universities doing nothing useful?
>
> What is pathetic is what people are charged for their "education". And
> what do they come out with? The twisted mush that you demonstrate is
> not a great advertisement for high education.
Talk to your state legislator about the price of higher education. And
quite frankly, you are hardly one to lecture others about erudition.
>
> > What oil companies spend is absolutely irrelevant - they make a profit
> > on that of many more billions, so it is only a question of scale, not
> > risk. And have you checked the oil companies' profit figures for the
> > last year or two? Records - for them, and almost for any corporation of
> > any size. I'm not weeping too hard for them.
>
> "record profits" means nothing. Look at the percentage of revenue.
> The government is making "record tax revenue" now after a tax
> cut....but I thought Bush isn't taking enough? How is that? it's
> "record revenue".
No, profits are profits. If you give me $1M, it's $1M whether or not I
am penniless or a billionaire. Try it. What your beloved Dubya takes is
utterly irrelevant to the profit that Exxon announces.
>
> > You, on the other hand, clearly need all the sympathy and understanding
> > you can get.
>
> Back handed slam? I thought you (the educated one) were above that.
> I guess it's game on.
Just a blinding flash of the obvious. You want to try being patronizing?
Well, good luck.
William Clark
William A. T. Clark
"bill-o" <assim...@borg.org> wrote:
> On 8-Apr-2006, "William A. T. Clark" <clar...@osu.edu> wrote:
>
> > No, it isn't. Profiteering by taking advantage of national hysteria
> > over Iraq is, however.
>
> You're just being a stubborn ignoramous. How you can charge any business
> with a 9% profit margin of profiteering is just assinine. You obviously
> care nothing about facts and are just looking for a scapegoat. I'm done
> here.
OK, seeing as you are the self-appointed genius, just tell us what the
annual profits of Exxon, Chevron, BP, Texaco, and the rest were last
year.
Go on, I dare you.
William Clark
PS: Nice Rove-ian get out ploy. Too bad everyone sees through this by
now.
Dave Clary
<clar...@osu.edu> wrote:
>PS: I also understand how markets and business work. And I'm one half as
>ignorant as you would like to be able to believe.
I'm just curious--do you actually golf? I can't recall you ever
participating in an actual golf thread.
Dave Clary/Corpus Christi, Tx
Home: http://davidclary.com
Kinky for Texas Gov
"Why The Hell Not"
Tex
William A. T. Clark wrote:
Your hate of all things Republican and capitalistic blinds you to the
obvious.
Without profits, there is no economy.
With no economy, you can't sit on your fat arse and pretend to be
intelligent.
Thank God there are people in the world that actually want to make
money!
I have a simple solution for you, stop buying gas. Stop buying
electricty. Stop everything that requires energy. Begin by turning
off your computer, you think that by having one it makes you smart.
Trouble is, a computer is only as smart as the brain behind it.
Tex
p.s. if you make $1 or $1,000,000,000,000...a 9% profit margin is still
a 9% profit margin. Try finding the investors willing to put money
behind a company that only returns 9% profit (during good times)....I'm
sure Exxon could make more profit, they could just stop all research
and development, they could lay off thousands of people and they could
raise the price of gas even higher. But guess what, that's stupid
because they would lose money in the long term. So instead of just
whining that your gas costs you more and you think Bush, Rove and all
the Oil execs are at fault. Just stop. Stop all things that help them.
Howard Brazee
>p.s. if you make $1 or $1,000,000,000,000...a 9% profit margin is still
>a 9% profit margin.
Different industries have different profit margins on sales. Grocery
stores sell so much that they can make good money with smaller profit
margins than auto dealers do.
William A. T. Clark
Dave Clary <dave....@gmail.com> wrote:
That's because you haven't been around here long enough. By that I mean
before Larry and co. began infesting this ng with their neocon
propaganda. Get them to stop/go away and we can all go back to golf.
William Clark
Bert Robbins
"William A. T. Clark" <clar...@osu.edu> wrote in message
news:clark.31-4498DC...@charm.magnus.acs.ohio-state.edu...
Be the bigger man and ignore the OT posts.
Dave Clary
<clar...@osu.edu> wrote:
>In article <200h32hfaq340435d...@4ax.com>,
> Dave Clary <dave....@gmail.com> wrote:
>
>> On Sat, 08 Apr 2006 22:39:01 -0400, "William A. T. Clark"
>> <clar...@osu.edu> wrote:
>>
>> >PS: I also understand how markets and business work. And I'm one half as
>> >ignorant as you would like to be able to believe.
>>
>> I'm just curious--do you actually golf? I can't recall you ever
>> participating in an actual golf thread.
>>
>> Dave Clary/Corpus Christi, Tx
>> Home: http://davidclary.com
>> Kinky for Texas Gov
>> "Why The Hell Not"
>
>That's because you haven't been around here long enough. By that I mean
>before Larry and co. began infesting this ng with their neocon
>propaganda. Get them to stop/go away and we can all go back to golf.
>
You're wrong about one thing--I predate Larry by several years (I've
been posting on RSG since 99). But after a Google search, I stand
corrected because you have a long history of actual golf posts-- just
not much in the last year or so.
bill-o
On 8-Apr-2006, "William A. T. Clark" <clar...@osu.edu> wrote:
> PS: I also understand how markets and business work. And I'm one half
> as ignorant as you would like to be able to believe.
Good one!
Ignorance can be remedied.....
bill-o
On 9-Apr-2006, "William A. T. Clark" <clar...@osu.edu> wrote:
> Get them to stop/go away and we can all go back to golf.
We can't control LLLarry but we can kill file him. So let's just go back
to the gemme!
bill-o
On 8-Apr-2006, "William A. T. Clark" <clar...@osu.edu> wrote:
> OK, seeing as you are the self-appointed genius, just tell us what the
> annual profits of Exxon, Chevron, BP, Texaco, and the rest were last
> year.
>
> Go on, I dare you.
Gross profits are a red herring is my point. The margin is where the
action is. The proof of this is that when the yearly profits were
anounced both sides of both houses of Congress were up in arms. It was a
great occaision to pull attention away from what they were or weren't
doing. Kinda reminded me of the MLB steroid hearings. If I were
interested in the dollar amounts they are all readily available since
they are all publicly traded concerns.
> PS: Nice Rove-ian get out ploy
Geez, you're as bad as the hard-core Repubs. Just because I disagree
with you on this does not make me a republicain.
I'm equally sick of both parties.
William A. T. Clark
Dave Clary <dave....@gmail.com> wrote:
I understand and apologize for not giving you credit. Indeed I wish the
"politicians" would all go away, and we could get back to the game.
Sigh.
William Clark
William A. T. Clark
"bill-o" <assim...@borg.org> wrote:
> On 8-Apr-2006, "William A. T. Clark" <clar...@osu.edu> wrote:
>
> > OK, seeing as you are the self-appointed genius, just tell us what the
> > annual profits of Exxon, Chevron, BP, Texaco, and the rest were last
> > year.
> >
> > Go on, I dare you.
>
> Gross profits are a red herring is my point. The margin is where the
> action is. The proof of this is that when the yearly profits were
> anounced both sides of both houses of Congress were up in arms. It was a
> great occaision to pull attention away from what they were or weren't
> doing. Kinda reminded me of the MLB steroid hearings. If I were
> interested in the dollar amounts they are all readily available since
> they are all publicly traded concerns.
>
> > PS: Nice Rove-ian get out ploy
>
> Geez, you're as bad as the hard-core Repubs. Just because I disagree
> with you on this does not make me a republicain.
> I'm equally sick of both parties.
Well I'd rather have 10% of Exxon's profit than 10% of the local
newagents store, so the gross amount is significant. It is real dollars.
William Clark
Tex
William A. T. Clark wrote:
Of course you would. But do you have the real $$ to make the
investments in time, infrastructure and people in order to get that 10$
?
No, I didn't think so.
Tex
Carbon
> You probably don't believe in profit anyway, it's evil isn't it?
Of course profit isn't evil. But some of the ways it can be made are:
1. Enron: manipulating the energy market and its own stock price through
shady accounting.
2. Microsoft: restricting competitors from its primary markets through a
variety of illegal means, such as threatening to pull favorable OEM
contracts if they do business with Microsoft's competitors.
bill-o
On 10-Apr-2006, Carbon <nob...@nospam.verizon.net> wrote:
> Of course profit isn't evil. But some of the ways it can be made are:
Anything humans are involved with can be turned towards maleficence:
religion and charity for example.
Howard Brazee
wrote:
>Of course profit isn't evil. But some of the ways it can be made are:
>
>1. Enron: manipulating the energy market and its own stock price through
>shady accounting.
>
>2. Microsoft: restricting competitors from its primary markets through a
>variety of illegal means, such as threatening to pull favorable OEM
>contracts if they do business with Microsoft's competitors.
Sounds like you're describing governments here.
Paul David
and gasoline was 30 cents a gallon. Now move on to 2006. Gas should be
$3 a gallon and a pair of Nikes $30 (yeah, right). Lets quit buying as
many Nike tennis shoes and see if the price drops!!!!! Nope, they will
go up to pay the atheletes doing the ads.
five...@webtv.net wrote in news:9530-44344E89-76@storefull-
3312.bay.webtv.net:
> A man eats two eggs each morning for breakfast. When he goes to the
> grocery store he pays 60 cents a dozen. Since a dozen eggs won't last a
> week he normally buys two dozens at a time.
>
> One day while buying eggs he notices that the price has risen to 72
> cents. The next time he buys groceries, eggs are 76 cents a dozen. When
> asked to explain the price of eggs the store owner says, "the price has
> gone up and I have to raise my price accordingly".
>
> This store buys 100 dozen eggs a day. I checked around for a better
> price and all the distributors have raised their prices. The
> distributors have begun to buy from the huge egg farms. The small egg
> farms have been driven out of business.
>
> The huge egg farms sells 100,000 dozen eggs a day to distributors. With
> no competition, they can set the price as they see fit. The
distributors
> then have to raise their prices to the grocery stores. And on and on
and
> on.
>
> As the man kept buying eggs the price kept going up. He saw the big egg
> trucks delivering 100 dozen eggs each day. Nothing changed there. He
> checked out the huge egg farms and found they were selling 100,000
dozen
> eggs to the distributors daily. Nothing had changed but the price of
> eggs.
>
> Then week before Thanksgiving the price of eggs shot up to $1.00 a
> dozen. Again he asked the grocery owner why and was told, "cakes and
> baking for the holiday". The huge egg farmers know there will be a lot
> of baking going on and more eggs will be used. Hence, the price of eggs
> goes up.
>
> Expect the same thing at Christmas and other times when family cooking
> and baking happens. This pattern continues until the price of eggs is
> 2.00 a dozen. The man says,"there must be something we can do about the
> price of eggs".
>
> He starts talking to all the people in his town and they decide to stop
> buying eggs. This didn't work because everyone needed eggs. Finally,
the
> man suggested only buying what you need.He ate 2 eggs a day.
>
> On the way home from work he would stop at the grocery and buy two
eggs.
> Everyone in town started buying 2 or 3 eggs a day. The grocery store
> owner began complaining that he had too many eggs in his cooler. He
told
> the distributor that he didn't need any eggs.
>
> Maybe wouldn't need any all week. The distributor had eggs piling up at
> his warehouse. He told the huge egg farms that he didn't have any room
> for eggs would not need any for at least two weeks. At the egg farm,
the
> chickens just kept on laying eggs.
>
> To relieve the pressure, the huge egg farm told the distributor that
> they could buy the eggs at a lower price. The distributor said, " I
> don't have the room for the eggs even if they were free".
>
> The distributor told the grocery store owner that he would lower the
> price of the eggs if the store would start buying again. The grocery
> store owner said, "I don't have room for more eggs. The customers are
> only buy 2 or 3 eggs at a time". "Now if you were to drop the price
> of eggs back down to the original price, the customers would start
> buying by the dozen again".
>
> The distributors sent that proposal to the huge egg farmers. They liked
> the price they were getting for their eggs but, the chickens just kept
> on laying. Finally, the egg farmers lowered the price of their eggs.
But
> only a few cents. The customers still bought 2 or 3 eggs at a time.
They
> said, "when the price of eggs gets down to where it was before, we will
> start buying by the dozen."
>
> Slowly the price of eggs started dropping. The distributors had to
slash
> their prices to make room for the eggs coming from the egg farmers. The
> egg farmers cut their prices because the distributors wouldn't buy at a
> higher price than they were selling eggs for. Anyway, they had full
> warehouses and wouldn't need eggs for quite a while. And the chickens
> kept on laying.
>
> Eventually, the egg farmers cut their prices because they were throwing
> away eggs they couldn't sell. The distributors started buying again
> because the eggs were priced to where the stores could afford to sell
> them at the lower price. And the customers starting buying by the dozen
> again.
> =
> Now, transpose this analogy to the gasoline industry. What if everyone
> only bought $10.00 worth of gas each time they pulled to the pump. The
> dealers tanks would stay semi full all the time. The dealers wouldn't
> have room for the gas coming from the huge tank farms.
>
> The tank farms wouldn't have room for the gas coming from the refining
> plants. And the refining plants wouldn't have room for the oil being
off
> loaded from the huge tankers coming from the Middle East.
>
> Just $10.00 each time you buy gas. Don't fill it up. You may have to
> stop for gas twice a week but, the price should come down. Think about
> it, seriously, and act.
>
--
" Location 75 miles north of New Orleans "
Carbon
> On 10-Apr-2006, Carbon <nob...@nospam.verizon.net> wrote:
>
>> Of course profit isn't evil. But some of the ways it can be made are:
>
> Anything humans are involved with can be turned towards maleficence:
> religion and charity for example.
Without a doubt. However I don't believe as some do that financial markets
are necessarily self-correcting. I have no problem with companies making
money, but there does seem to be a pattern where after a company reaches a
certain size and level of power there's a tendency to limit competition in
various ways that may not be legal (e.g. Microsoft). The laws prohibiting
such behaviors are necessary and a good thing overall.
bill-o
On 11-Apr-2006, Carbon <nob...@nospam.verizon.net> wrote:
> Without a doubt. However I don't believe as some do that financial
> markets are necessarily self-correcting
They are usually, unfortunately, many times they are self
over-correcting
Howard Brazee
wrote:
>Without a doubt. However I don't believe as some do that financial markets
>are necessarily self-correcting. I have no problem with companies making
>money, but there does seem to be a pattern where after a company reaches a
>certain size and level of power there's a tendency to limit competition in
>various ways that may not be legal (e.g. Microsoft). The laws prohibiting
>such behaviors are necessary and a good thing overall.
I suspect that size is when it has one or more employees.