Originally Posted by 6SpeedTA95 They are indirectly based on supply and demand, read up on commodity trading. Indirectly = Bullshit When people guessing about whether or not something is going to happen means I wind up paying 15-20 cents more, and then nothing happens and supply isn't interrupted, it's pretty ...
08-08-2006, 05:09 AM
| #41 | ||||
| ipsa Scientia Potestas est  Pragmatist North Carolina 
| Originally Posted by 6SpeedTA95 Indirectly = Bullshit
When people guessing about whether or not something is going to happen means I wind up paying 15-20 cents more, and then nothing happens and supply isn't interrupted, it's pretty retarded. | ||||
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08-08-2006, 10:10 AM
| #42 | ||||
| Administrator  libertarian Oklahoma
| Originally Posted by motivez Again you're missing the point of the commodity market. Dont get me wrong I agree with you guys that there's some flaws, but the whole point is to react to pontential problems in the market to guarantee supply. That means price fluctuations sometimes drastically so. I agree its flawed, its flawed on the extreme ends, both high and low. It gives them the ability to royall screw energy companies just because they want low prices, or greatly aid energy companies and screw everyone else but bidding the price wayyy beyond market levels. Market levels even after factoring in current instability should put oil around the 55/bbl mark, and no higher than 60, but as we all know its much higher.
The ideal price for oil is 35 to 55/bbl. Energy companies get extremely nervous when its higher or lower than that. | ||||
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08-08-2006, 10:51 AM
| #43 | ||||
| Dirty Liberal  Democrat South Jersey
| Thank god I get 35mpg.  | ||||
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08-08-2006, 10:52 AM
| #44 | ||||
| Master Debator Election Moderator  Democrat Omaha, NE
| Originally Posted by WickedLou9 yeah but you traded your testicles in for a vagina
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08-08-2006, 10:54 AM
| #45 | ||||
| helluo librorum The Lab Moderator  Humanist Chicago Suburbs
| Originally Posted by 6SpeedTA95 I think his point was that they will recoup much of that money per day on the rest of their oil that is selling for more.
And it's not like the oil they can't send down the pipe is wasted. When it's running again they will send it down and sell it for it's inflated price. | ||||
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08-08-2006, 10:59 AM
| #46 | ||||
| Master Debator Election Moderator Democrat Omaha, NE
| Originally Posted by Scrumtralecent Yeah.. its like...
100 widgets for 10 dollars or.. 90 widgets for 12 dollars Either way they make their money. | ||||
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08-08-2006, 11:06 AM
| #47 | ||||
| Administrator libertarian Oklahoma
| Originally Posted by DosEquis Ummm no they dont, they're missing out on 400,000 barrels a day. In the meantime they're paying for miles and miles of new pipe and new equipment and labor for the rebuild, along with labor for production crew that is now unable to move oil they're pumping out of the ground. Oil has been bouncing all over the place, so attributing this rise specifically to BP while in the short term as in yesterday or today may be accurate, the price has been between 70 and 80 for quite sometime now.
I talked to BP Alaska twice yesterday, they have their pantaloons in a wad trying to get this back up and running quickly. | ||||
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08-08-2006, 11:47 AM
| #48 | ||||
| helluo librorum The Lab Moderator Humanist Chicago Suburbs
| Originally Posted by 6SpeedTA95 Of course they are. They want to get that oil down here quickly enough to sell for the higher price.
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08-08-2006, 08:00 PM
| #49 | ||||
| ipsa Scientia Potestas est Pragmatist North Carolina
| They said there's enough of a supply that nothing will really change but that wont stop us from paying 15 cents more at the pump  | ||||
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08-08-2006, 08:03 PM
| #50 | ||||
| You poop from your mouth.  Populist
| Originally Posted by motivez Thank the commodities traders.
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08-08-2006, 09:46 PM
| #51 | ||||
| Administrator libertarian Oklahoma
| Originally Posted by motivez Prices have gone up a whopping 3 cents since this incident and oil dropped in price today.
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08-09-2006, 10:59 AM
| #52 | ||||
| ipsa Scientia Potestas est Pragmatist North Carolina
| There's no reason they should have gone up, there's been no lack of supply, no increase in demand. If price drops it's because we're coming to the end of the summer driving season, and that's a natural occurance. | ||||
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08-09-2006, 12:43 PM
| #53 | ||||
| Administrator libertarian Oklahoma
| Originally Posted by motivez I agree, but thats why there's nto been a real spike in prices because of this.
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08-09-2006, 12:58 PM
| #54 | ||||
| Master Debator Election Moderator Democrat Omaha, NE
| I think part of the reason it did not go up as much was because of the mention to use part of our strategic oil reserve. | ||||
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08-09-2006, 01:29 PM
| #55 | ||||
| Administrator libertarian Oklahoma
| Originally Posted by DosEquis Of course, if the SPR and OPEC hadn't stepped up tot he plate prices would have gone higher and for good reason. But because supply interuptions appear to be minimal the affect on prices has also been minimal.
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08-09-2006, 02:27 PM
| #56 | ||||
| Master Debator Election Moderator Democrat Omaha, NE
| Originally Posted by 6SpeedTA95 Its incidents like that where i understand the rise in price. There is a supply disruption.
When I get pissed off is when gas goes up 15 cents because the Iranian president starts getting all nimbly bimbly from tree to tree... and then nothing happens... thus no disruption in supply. | ||||
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08-09-2006, 03:02 PM
| #57 | ||||
| Administrator libertarian Oklahoma
| Originally Posted by DosEquis THat's the point of the commodity market though...in some cases its not right but thats the whole idea surrounding commodity trading.
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