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jump to last post 1-7 of 7 discussions (21 posts)

The Price of Gas and the scam behind it.

  1. profile image0
    bolt1951posted 7 years ago

    I would first like to point out that what happened in Egypt and Lybia, has absolutely nothing to do with the rising prices of gas, these animals, that have no real life because their entire life is dedicated to greed. Have taken so much advantage of any situation and make a profit out of. And You know what I don't blame them as much as I blame the people we have sat on our butts and allowed this to just keep going on, to the point where even if the price goes to $3.30 we say wow! how cheap. This is rediculous. We tend to forget that what happened when the prices sky rocketed it so happens that Exxon had an all time high profit. Now let's forget Bush has investment in oil and God know what else, and of course Chaney has investment in
    Halliburton or how ever you spell it....it so happens that when we invaded Iraq it was Halliberton who was hired to rebuild the whole country. We All should know that at least the poliically concious ones and til this day nothingm Zero has happened.We the people as it states in our constitution have allowed these so called politicians to do what ever they want and do absolutely nothing. Because we have no real unity or convictions,
    even though we say we do. Just like we have allowed the Vatican to get away with the pedaphiles, because they dish out a few million dollars. How about those kids lives, why don't they get the money and lock the son of a bitch up like any other asshole just like him.

  2. Cagsil profile image82
    Cagsilposted 7 years ago

    The power brokers control the price of gas based on their own greedy nature. They don't give a damn what people have to pay.

    They claim it is based on supply and demand, but that's just to keep the public gullible. wink

    1. profile image0
      bolt1951posted 7 years agoin reply to this

      How true it is, but the part that is most bothersome is the way people just swallow this and do nothing.

    2. Evan G Rogers profile image75
      Evan G Rogersposted 7 years agoin reply to this

      baloney.

      IF one company were to "overcharge" you, then another company would step in and undercut their price to make a profit.

      And even if you don't believe that perfectly logical argument, then it's still not "price gouging" because YOU WILLINGLY PAY THE PRICE.

      sorry, not buying your guys' nonsense

      1. Cagsil profile image82
        Cagsilposted 7 years agoin reply to this

        Hey Evan, just because YOU don't believe it, there isn't any explanation you can give for it to be called "nonsense".

        People pay the price because they don't have a choice. If you're unable to see that, then you need to get out more.

        1. Evan G Rogers profile image75
          Evan G Rogersposted 7 years agoin reply to this

          shut up, you have a choice.

          Ride a bike. It'd be great for your health, and you'd use less gas.

          what's that, you say? you don't want to?

          That's what I thought.

          1. Cagsil profile image82
            Cagsilposted 7 years agoin reply to this

            Hey Evan, I don't own a car. Therefore, why don't you shut your trap. See, I tell people to shut up too.
            That's actually not the point and if you had an ounce of intelligence to back up that mouth, then you might actually get somewhere.
            It's not a matter of what I want. Again, if it has to be spelled out for you, then just admit you don't know what you are talking about and I'll glad spoon feed you.
            If you had a thought run through your mind, it would probably scare the hell out of you. Anything else? No, I didn't think so. Yet, I'm sure you'll come back some witless remark.

      2. John Holden profile image59
        John Holdenposted 7 years agoin reply to this

        Have you never heard the word "CARTEL"?

        1. Cagsil profile image82
          Cagsilposted 7 years agoin reply to this

          Hey John,

          Evan think that one company charges a certain amount and then other companies are going to undercut the price. However what Evan has failed to realize is that other businesses are not going to undercut, and if they do, it's only by a couple of cents, so there really isn't any savings.

          Yet, the power brokers who handle the supposed pricing, continue to rape the consumer over the coals for something that should be so cheap by now, it's absurd.

          1. John Holden profile image59
            John Holdenposted 7 years agoin reply to this

            Evan puzzles me, on the one hand seemingly intelligent and articulate but on the other so incredibly naive!

            1. Cagsil profile image82
              Cagsilposted 7 years agoin reply to this

              Naive? lol lol

              Seemingly intelligent? lol lol Yeah, seems like it.

              Most of the time articulate, but only when it is something he truly understands. lol

              1. John Holden profile image59
                John Holdenposted 7 years agoin reply to this

                lol  lol lol

        2. Evan G Rogers profile image75
          Evan G Rogersposted 7 years agoin reply to this

          point me to one cartel / monopoly that wasn't created through government.

          - and it has to be one that actually price-gouged and ripped people off. None of this "microsoft" nonsense.

          Good luck.

          1. John Holden profile image59
            John Holdenposted 7 years agoin reply to this

            That's totally irrelevant to the point I was making that oil is operated by a cartel and therefore your suggestion that there is competition in the supply of oil is somewhat off.

            What microsoft nonsense! You reckon they aren't a virtual monopoly, and don't price gouge! Like I said, naive.

  3. barryrutherford profile image80
    barryrutherfordposted 7 years ago

    The oil market is very similar to the gold market as it is a single commodity.  As such OPEC has the ability to manage the price.  There are limits though to what people are able to pay as such price fluctuations are moderated...

    1. Cagsil profile image82
      Cagsilposted 7 years agoin reply to this

      The Oil Market is more fluid than the Gold Market ever has been. Yes, each is a single commodity, but companies in the US who have to produce it and refine it for consumption, have to deal with the pathetic politicians and the Wall Streeters who are only in for the money and don't give a damn about the consumers.

  4. barryrutherford profile image80
    barryrutherfordposted 7 years ago

    Sure but the United States has the cheapest fuel.  Take England I am sure there would be a revolution if Americans had to pay the prices they pay in the UK.  In Australia our prices are dictated by the price of Singapore Crude spot price

    1. earnestshub profile image90
      earnestshubposted 7 years agoin reply to this

      Spot on Barry. We are priced in Singapore.
      We pay through the nose at the moment too I reckon. We are being ripped off by 10 cents a litre according to a recent report.
      I paid AU$ 1.55 for juice the other day!

  5. DannyMaio profile image62
    DannyMaioposted 7 years ago

    yes oil is high! what makes the price is the future buyers who purchase for the airlines etc... they need to set their prices for seats and need to make sure they have the fuel, so It is a little deeper than just politicians. also if the dam taxes weren't so high the gas would be even cheaper. here in NY i believe they get 85 cents a gallon. I truly do not understand how we are in such a hole when they take 55% of income and have taxes on everything! liquor, cigarettes, gas, electric, phone home taxes, insurance, sales tax and about a million other taxes, then they make money on tickets speeding stop sign etc... and also get a 20 sur-charge regardless. then it states that the lottery here i NY brings in millions a week for schools but we are broke???? who is getting all this money? someone is definitely stealing. the taxes on my home here on long island is 11,000.00 a year and i'm not even close to what some others pay in my area. 35,000.00 per year. next they will tax us on the air we breathe.

  6. BobbiRant profile image59
    BobbiRantposted 7 years ago

    Oil production reached its peak in 2004.  So the ride from here on out should be interesting.  We now compete with too many other countries for the oil.  We take it from one country and soon another country will take it all from us.

  7. prettydarkhorse profile image64
    prettydarkhorseposted 7 years ago

    supply and demand - baloney

    OPEC - yes

    speculators - yes

    oil refineries - to some extent, yes

    exploration affected by anticipation of profit from big oil players

    Can the people do something about it?


    to Evan, sorry to say I think you are an idealist!

 
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