Come On! You don't seriously think pumping a few barrels of oil into our
strategic reserve had anything to do with the current price of oil. Sure,
the demand for oil is up all over the world but the Middle East is still
awash with oil and Saudi Arabia has a HUGE new oil field ready to come on
line in about a year.
The price of petroleum products is controlled by the producers of crude oil,
Saudi Arabia, et al, and not by the refiners and sellers of the products.
40 years ago when the sellers were involved in the production, that was not
true but not today. The producers keep the price of oil as high as
possible, just below the point of doing serious damage to the world economy.
One of their current problems is they are running out of things to do with
all their money. You can buy only so many solid silver Audi's or palaces
the size of a small city.
Also, do a little research on the total taxes on a gallon of gasoline. Your
friendly state and local governments are taking a major share of the price
per gallon. As an aside on taxes, there is an "interesting" situation
developing here in Florida over property taxes. Property is assessed at the
sale price. Once the value is set, taxes cannot rise more than 3% per year
as long as you live in the house. If the property changes hands, the
assessed value becomes the new sales price. Given the dramatic increase in
home prices, taxes on new purchases have soared. Obviously real estate
agents have not pointed this out to buyers, some of whom were not astute
enough to figure this out. The state legislature is trying to do some about
the high real estate taxes. Of course the cities and counties are screaming
that their budgets will be reduced when taxes are cut. They immediately
went into scare tactics mode and splashed all over the headlines about how
they would have to cut police and fire protection. Not a word was said
about cutting bloated salaries or pet neighborhood projects of dubious
value.
Admittedly, there is some predatory pricing on the part of gasoline
retailers, i.e., setting different prices depending upon the affluence of
the surrounding neighborhood.
David
KC2JD/4
> -----Original Message-----
> From: amps-bounces@contesting.com [mailto:amps-bounces@contesting.com]On
> Behalf Of Robert Bonner
> Sent: Saturday, July 28, 2007 1:57 PM
> To: Amps@contesting.com
> Subject: [Amps] FW: economics 3501
>
>
> That's great in theory Lou, and has been tried several times. We
> don't need
> to move the gas prices 4 cents, we need to move them all at once
> 2 dollars!
>
>
>
> Our President came into office determined to pay his debt to the
> oil mafia.
> What did he do? They refilled the USA oil reserves! Created the shortage
> and drove the prices through the roof!
>
>
>
> This message needs to be sent EVERYWHERE.
>
>
>
> The government needs to cut taxes. I mean we need to operate the
> governments on 25% total taxes. Start adding up you taxes now.
>
>
>
> CITY, STATE, Sales, real estate, excise, license fees ,
> penalties, fines, it
> goes on and on to about 50% of your income.
>
>
>
> Needs fixed
>
>
>
>
>
>
>
> From: Gudguyham@aol.com [mailto:Gudguyham@aol.com]
> Sent: Saturday, July 28, 2007 12:35 PM
> To: rbonner@qro.com; edk0kl@centurytel.net; Amps@contesting.com
> Subject: Re: [Amps] economics 3501
>
>
>
> In a message dated 7/28/2007 12:18:45 PM Eastern Daylight Time,
> rbonner@qro.com writes:
>
> FYI, If we stopped purchasing fuel for 1 week. The price would be $2.00 a
> gallon
>
> Bob, we don't have to stop buying fuel for one week and staying
> home. It' s
> easier than that. All us US citizens have to do is BOYCOTT one
> gas company
> a week. For example, If no one bought gas at Mobil for a full week but
> bought gas at ANY other station, what would Mobil do? I'll bet within 24
> hours let alone one week, they would lower their prices AND when they do
> everybody buys gas there and no where else. This will force the other
> companies to meet the lower price. Done correctly we can start a domino
> affect with downward spiraling gas prices.......BUT like you say
> we are too
> stupid. I see the local Mobil station busy as hell when the Getty station
> right next door is 4 cents a gallon cheaper. Go figure?
>
>
>
> I don't buy gas from Mobil at all. Lou
>
>
>
>
>
> _____
>
> Get a sneak peek of the all-new AOL.com
> <http://discover.aol.com/memed/aolcom30tour/?ncid=AOLAOF00020000000982> .
>
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>
>
>
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