Gas Price Change For You

[clerick]

But if Exxon or BP owned those miracle devices they would bury them.

I doubt that since they would be big $$$$

[icepac]

See Rule #14

[LCADolby]

But if Exxon or BP owned those miracle devices they would bury them.

Along with the creator. Like they did with the car that ran on water.   

[CAP1]

See Rule #14

[RTHolmes]

same question you avoided before CAP, if the oil markets arent allowed to determine the barrel price, who should?

[CAP1]

same question you avoided before CAP, if the oil markets arent allowed to determine the barrel price, who should?

 free market.

[RTHolmes]

so you dont want oil traded in the markets, you want oil traded in the markets ... 

[CAP1]

so you dont want oil traded in the markets, you want oil traded in the markets ... 

 free market is supply/demand.

[icepac]

The car guyz no longer are interested in low cost fuel because they now have products that sell when fuel prices climb.

I'd go into detail but this board lacks the capability to put across a coherent thought even when it does not violate the rules.

[RTHolmes]

free market is supply/demand.

thats exactly what our oil markets (and all the other markets come to that) are - a bunch of people selling oil and a bunch of people buying oil. the oil price is the price that people are buying/selling the oil at.

what you want is what we already have. boiiing! wish granted

[CAP1]

thats exactly what our oil markets (and all the other markets come to that) are - a bunch of people selling oil and a bunch of people buying oil. the oil price is the price that people are buying/selling the oil at.

what you want is what we already have. boiiing! wish granted

 NO, IT's not. sorry bout caps lock....

what we have now, is people trading it on the market, never taking possession of it. that is what drives the prices up.

 if it were simply a case of rtholmes refinery company needs to purchase a half million barrels from cap's oil fields, the price would be driven down, due to the fact that if you didn't like my price, you'd go buy it from dichotomy's oil field for a lower price. with oil being traded on the markets, that can't happen.

[Skuzzy]

<snip> boiiing! wish granted

Dang it.  I knew I should have trademarked that.

[Shane]

Dang it.  I knew I should have trademarked that.

knock yourself out.  

[RTHolmes]

NO etc.

you seem confused about the difference between commodities markets and derivatives, wikipedia explains this stuff pretty well.

when you've read and understood this, consider that all oil contracts are really forward contracts (because you cant walk into a market with a suitcase of cash and physically carry out a million barrels of oil), and that almost all oil demand is ongoing (rather than a one-off purchase like a wedding ring) and you'll understand why a futures market is entirely appropriate for oil. a major reason why the pump price doesnt fluctuate as wildly as the barrel price is because of the hedging that oil derivatives allow.

[CAP1]

you seem confused about the difference between commodities markets and derivatives, wikipedia explains this stuff pretty well.

when you've read and understood this, consider that all oil contracts are really forward contracts (because you cant walk into a market with a suitcase of cash and physically carry out a million barrels of oil), and that almost all oil demand is ongoing (rather than a one-off purchase like a wedding ring) and you'll understand why a futures market is entirely appropriate for oil. a major reason why the pump price doesnt fluctuate as wildly as the barrel price is because of the hedging that oil derivatives allow.

 possibly i am. i'll read up tonight. i keep typing these up when i come up front.

 the barrel price though, has seemed pretty steady. at least here in the us. it's the pump price that fluctuates wildly. and rather coincidentally, the price of gas started going up when they allowed it on the markets. before that, iran could've bombed the poop out of saudi arabia, and it may have changed the prices here by a couple cents.

 but tonight at home, i'll read up on it, then post again.