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03-04-2008, 07:56 PM
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Go Dodgers!
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Join Date: Feb 2007
Posts: 45,791
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Oil: Supply and Demand????
You've probably heard how supply and demans affects prices. For a while now I have heard economists say the price of oil is based largely on S&D....
Recently here in Ca the price of gas has been soaring and the news reports are saying demand is DOWN...but oil per barrel keeps going up
__________________
Let it be understood that Apostolic Friends Forum is an Apostolic Forum.
Apostolic is defined on AFF as:
- There is One God. This one God reveals Himself distinctly as Father, Son and Holy Ghost.
- The Son is God himself in a human form or "God manifested in the flesh" (1Tim 3:16)
- Every sinner must repent of their sins.
- That Jesus name baptism is the only biblical mode of water baptism.
- That the Holy Ghost is for today and is received by faith with the initial evidence of speaking in tongues.
- The saint will go on to strive to live a holy life, pleasing to God.
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03-04-2008, 07:58 PM
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Registered Member
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Join Date: Feb 2007
Posts: 13,396
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Re: Oil: Supply and Demand????
Quote:
Originally Posted by Praxeas
You've probably heard how supply and demans affects prices. For a while now I have heard economists say the price of oil is based largely on S&D....
Recently here in Ca the price of gas has been soaring and the news reports are saying demand is DOWN...but oil per barrel keeps going up
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BINGO!
We have a winner!
Prax, it is greed pure & simple!
Up in Canada we have enoubh Oil over what we use that we export a million barrels a day to the US, yet we pay $5.35 a Canadian gallon for gas!
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03-04-2008, 08:01 PM
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Registered Member
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Join Date: Jul 2007
Location: AZ
Posts: 16,746
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Re: Oil: Supply and Demand????
The price per barrel is actually an artificial bubble no different then the housing market was, or dot-com stocks were 8 years ago. There is no conspiracy to keep it high..... it is just the speculators driving it up, like they do in any other market that soars.
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03-04-2008, 08:03 PM
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Forever Loved Admin
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Join Date: Dec 2007
Location: Texas
Posts: 26,537
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Re: Oil: Supply and Demand????
It is what it is. And it will not change soon.
__________________
If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
2 Chronicles 7:14 KJV
He hath shewed thee, O man, what is good; and what doth the LORD require of thee, but to do justly, and to love mercy, and to walk humbly with thy God? Micah 6:8 KJV
Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is. 1 John 3:2 KJV
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03-04-2008, 08:13 PM
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arbitrary subjective label
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Join Date: May 2007
Location: Fifth Brick Ranch on the left.
Posts: 1,640
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Re: Oil: Supply and Demand????
Quote:
Originally Posted by cneasttx
It is what it is. And it will not change soon.
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The dirty little secret is that all of the "sympathetic" politicians are not truly interested in decreasing the price of gasoline, because the gasoline tax is a percentage of the price, so higher prices means increased tax revenue.
Also, a glut of oil does not necessarily equal a glut of gasoline. We have a shortage of refinery capacity and a host of localities that impose special blend requirements for emissions, which interrupts production and delivery schedules.
The effect of the futures speculators, while significant, is not the entirety of the issue. Supply and ever-increasing worldwide demand.
The irony is the number of people that believe confiscating cash from the oil companies will somehow help the little man in the street with his gasoline price problem. It will actually prevent oil companies from embarking on the already-questionable venture of launching new capital refinery projects.
__________________
Engineering solutions for theological problems.
Despite today's rising cost of living, it remains popular.
"It has been said that democracy is the worst form of government except all the others that have been tried." - Sir Winston Churchill
"The best argument against democracy is a five-minute conversation with the average voter." - Sir Winston Churchill
"They who would give up an essential liberty for temporary security, deserve neither liberty or security." - Benjamin Franklin
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03-04-2008, 08:15 PM
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Forever Loved Admin
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Join Date: Dec 2007
Location: Texas
Posts: 26,537
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Re: Oil: Supply and Demand????
Quote:
Originally Posted by OP_Carl
The dirty little secret is that all of the "sympathetic" politicians are not truly interested in decreasing the price of gasoline, because the gasoline tax is a percentage of the price, so higher prices means increased tax revenue.
Also, a glut of oil does not necessarily equal a glut of gasoline. We have a shortage of refinery capacity and a host of localities that impose special blend requirements for emissions.
The effect of the futures speculators, while significant, is not the entirety of the issue. Supply and ever-increasing worldwide demand.
The irony is the number of people that believe confiscating cash from the oil companies will somehow help the little man in the street with his gasoline price problem. It will actually prevent oil companies from embarking on the already-questionable venture of launching new capital refinery projects.
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Yep.
__________________
If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
2 Chronicles 7:14 KJV
He hath shewed thee, O man, what is good; and what doth the LORD require of thee, but to do justly, and to love mercy, and to walk humbly with thy God? Micah 6:8 KJV
Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is. 1 John 3:2 KJV
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03-04-2008, 08:35 PM
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Registered Member
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Join Date: Feb 2007
Posts: 13,396
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Re: Oil: Supply and Demand????
We have adequate refining process here in B.C.
In fact there are three major refineries in our Greater Vancouver area.
In B.C. that argument won't float.
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03-04-2008, 08:57 PM
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Forever Loved Admin
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Join Date: Dec 2007
Location: Texas
Posts: 26,537
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Re: Oil: Supply and Demand????
Quote:
Originally Posted by Ron
We have adequate refining process here in B.C.
In fact there are three major refineries in our Greater Vancouver area.
In B.C. that argument won't float.
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That is not really adequate for your country though. And don't forget import and export.
__________________
If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
2 Chronicles 7:14 KJV
He hath shewed thee, O man, what is good; and what doth the LORD require of thee, but to do justly, and to love mercy, and to walk humbly with thy God? Micah 6:8 KJV
Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is. 1 John 3:2 KJV
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03-04-2008, 09:33 PM
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Registered Member
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Join Date: Feb 2007
Posts: 13,396
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Re: Oil: Supply and Demand????
Quote:
Originally Posted by cneasttx
That is not really adequate for your country though. And don't forget import and export.
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That is just in B.C. There are many more Refineries around Canada.
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03-04-2008, 09:47 PM
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Forever Loved Admin
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Join Date: Dec 2007
Location: Texas
Posts: 26,537
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Re: Oil: Supply and Demand????
Quote:
Originally Posted by Ron
That is just in B.C. There are many more Refineries around Canada.
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Well of course there are Ron. But ya know the earth can never have enough resources because we have wasted so much.
__________________
If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
2 Chronicles 7:14 KJV
He hath shewed thee, O man, what is good; and what doth the LORD require of thee, but to do justly, and to love mercy, and to walk humbly with thy God? Micah 6:8 KJV
Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is. 1 John 3:2 KJV
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