More Supply/Demand BS

djv

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Truckers asking good questions? If we have so much deasel fuel on hand here that we can export it to Asia & Europe. Why the hell is it 4.25 a gallon. Folks this can hurt us more then price of gas for our autos. Sooner or Later. Looks like Sooner. Those cost are being passed on to us.
This is like story we can drill our way out of these high prices. More BS.
 

DoMyDermBest

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just curious. I know we import alot of the low sulfur diesel mandated since 2007. Refineries are constrained by EPA guidelines, Is it the low sulfur fuel that is being exported, or the easier, and cleaner to refine diesel being shipped? If you don't believe supply and demand affect prices, maybe you can look for a slightly used Karl Marx statue on EBAY.
 

Jabberwocky

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I love these idiotic dipshits who talk about free market economic principles while addressing a closed market, price fixed monopolistic screw job.
 

DoMyDermBest

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OK Comrade. I believe that great old Scott would find your sociaist diatribes offensive. Why don't you and DJV sign up with the Deasel [ his sp ] Driving Academy? Then in a few years you can apply for a goverment funded program to retrain you as a forklift driver . By then most of the longhaul truckers will be unemployed because it is cheaper, and more fuel efficient to move freight by rail. The free market works.
 

Jabberwocky

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OK Comrade. I believe that great old Scott would find your sociaist diatribes offensive. Why don't you and DJV sign up with the Deasel [ his sp ] Driving Academy? Then in a few years you can apply for a goverment funded program to retrain you as a forklift driver . By then most of the longhaul truckers will be unemployed because it is cheaper, and more fuel efficient to move freight by rail. The free market works.

Yeah, I know it works. What is Adam Smith's first principle?

Btw, what do you do for a living? Let me guess, you make around 48K a year, vote republican, and get off on railing against those "kommie" socialist leftists, all the while being manipulated by people that would never let the likes of you into their country club. See, what you don't get, dipshit, is that I am a silver spooner who makes a great living. I could sit back and do nothing and so could my kids and nobody is going broke any time soon. I am not a socialist, I am not a commie, I am an American. But it is your backward ass, barely middle class, barely educated, misinformed republicans that threaten our republic. If you want to talk about free market economics, start with the first principles of Adam Smith and get back to me.
 

djv

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Diesel type not mention. Only that supply was way above needs for next 60 days. Our rail system by the way is almost maxed out. I guess for those that want to take one for the oil industry. You are ready have/are.
 

DoMyDermBest

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alice assured me that my income, education, intellect and male member, as well as my ability to pick pimples, exceeded yours. May tarballs as a consequense of Chinese, Cuban and Venezuelan Drilling wash up on your beaches! No, I really do not wish for that. I do wish for US energy self sufficiency. Can we drill ourselves out of this? Yes in the near term, no in the long term. That prices have spiked to this level may spur some needed changes in both our consumption and force us to embrace the need for renewable resourses. What infuriates me is that most of the contributers to this forum is trhat they are for the most part conspiracy freaks. If Lewis & clarke were alive today, some governmental reg wouldn'ty have let them leave St. Louis. It's too bad for oil prices that China and India have graduated from bicycles to cars. That drilling and refining hydrocarbons is hemmed in by ridiculous restrictions has created the situation we have today. Guess which party caused that to happen? Sorry about getting too personal,but the banter seems pretty clueless at times.
 

THE KOD

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I agree with alot of what you have to say. I will post later with some content but I just want to say peace and no hard feelings.

................................................................
JW

I think he makes more than you. He's a doctor so you got to figure in the 150 - 200 k range.

Where did your spoon money come from ?:0corn


PS - this guy makes me laugh
 

DOGS THAT BARK

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Common sense question

If oil companies were in bed with GOP--and had abilty to control oil prices--I would think they would make prices as affordable as possible in election year--same to be said about OPEC.

2nd question Dems in 06 campaigned that they would lower gas prices if elected--they were-now show me one bill they introduced to lower prices--I can show you a few they voted against that caused increase?
 

escarzamd

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Yeah, I know it works. What is Adam Smith's first principle?

I always thought it was "pursuit of self-interest".....:shrug: Could be wrong, but I assume you're refrerring to ....Wealth of Nations here, and not the book about morality....

Probably opening up the can of worms, but I am lost in this here thread. By bringing up the Scottish philosopher's "politics of economy" opus, would you be saying that gas is too cheap? That's what I get out of the reference.......please help!
 

Nosigar

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Jabber is a member ... :mj07:

Dude, people call you kommie, because you are.

Quit playing with other peoples "48K" and give as much as you can of your own personal fortune to help the defensless and leave my meager income alone.

We would all be happy.

Dumbass... Silver spoon :shrug:

The classical elitist leftist. Knows what's better for the common man/woman.
 

The Sponge

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by Greg Palast
From The Progressive

You?d think George Bush would get down on his knees and kiss Hugo Chavez?s behind. Not only has Chavez delivered cheap oil to the Bronx and other poor communities in the United States. And not only did he offer to bring aid to the victims of Katrina. In my interview with the president of Venezuela on March 28, he made Bush the following astonishing offer: Chavez would drop the price of oil to $50 a barrel, ?not too high, a fair price,? he said ? a third less than the $75 a barrel for oil recently posted on the spot market. That would bring down the price at the pump by about a buck, from $3 to $2 a gallon.

But our President has basically told Chavez to take his cheaper oil and stick it up his pipeline. Before I explain why Bush has done so, let me explain why Chavez has the power to pull it off ? and the method in the seeming madness of his ?take-my-oil-please!? deal.

Venezuela, Chavez told me, has more oil than Saudi Arabia. A nutty boast? Not by a long shot. In fact, his surprising claim comes from a most surprising source: the U.S. Department of Energy. In an internal report, the DOE estimates that Venezuela has five times the Saudis? reserves. However, most of Venezuela?s mega-horde of crude is in the form of ?extra-heavy? oil ? liquid asphalt ? which is ghastly expensive to pull up and refine. Oil has to sell above $30 a barrel to make the investment in extra-heavy oil worthwhile. A big dip in oil?s price ? and, after all, oil cost only $18 a barrel six years ago ? would bankrupt heavy-oil investors. Hence Chavez?s offer: Drop the price to $50 ? and keep it there. That would guarantee Venezuela?s investment in heavy oil.

But the ascendance of Venezuela within OPEC necessarily means the decline of the power of the House of Saud. And the Bush family wouldn?t like that one bit. It comes down to ?petro-dollars.? When George W. ferried then-Crown Prince (now King) Abdullah of Saudi Arabia around the Crawford ranch in a golf cart it wasn?t because America needs Arabian oil. The Saudis will always sell us their petroleum. What Bush needs is Saudi petro-dollars. Saudi Arabia has, over the past three decades, kindly recycled the cash sucked from the wallets of American SUV owners and sent much of the loot right back to New York to buy U.S. Treasury bills and other U.S. assets.

The Gulf potentates understand that in return for lending the U.S. Treasury the cash to fund George Bush?s $2 trillion rise in the nation?s debt, they receive protection in return. They lend us petro-dollars, we lend them the 82nd Airborne. .....(more)

The complete piece is at: http://www.gregpalast.com/hugo-chavez-an-exclusive-inte... /
 

The Sponge

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Read the Interview with Palast from the Dollars & Sense magazine spring issue about to hit the streets ?Dollars & Sense: In the new edition of your book, ARMED MADHOUSE, you report on the theft of the 2008 election. How do know what they're doing? Any way to stop them?

Palast: I know because I have Karl Rove's emails. No kidding. He and his team aren't the sharpest knives in the drawer. They sent copies of their plans to GeorgeWBush.ORG instead of GeorgeWBush.COM addresses -- and, heh heh, they ended up in my in-box. Who says this job ain't fun?

Dollars & Sense: Bush fired eight prosecutors. You were behind the scenes on that story long before it broke in the US. What are they still withholding from us?

Palast: Look, it's all about VOTES. You'll see that the prosecutor that Karl Rove insisted in putting in place is a slithery character named Tim Griffin. He's the guy I busted as the spider-mind behind the "caging lists" which purged thousands of Black voters. The prosecutors fired, as you'll see in Armed Madhouse, include those, like David Iglesias in New Mexico, who refused to bring phony cases of fraud against legitimate voters. It's a matter of economics: the Republican party is systematically knocking out lower-income voters; that makes their purges racially biased -- but my data show that's just the effect of hunting down and attacking the ballot power of working class and poor voters. Disenfranchisement is class war by other means.

Dollars & Sense: Why the hell hasn?t the U.S. press covered the story of Bush?s vultures, election?s theft, Iraq?s oil or any of the other stories you've put on the front pages in Europe?

Palast: Robert Kennedy Jr. just complained to the head of ABC News about the blackout on my stories. (ABC has the right to take my stuff from BBC for free.) I'm not holding my breath for an answer. I call it, The Silence of the Media Lambs. We've got loads of terrific investigative reporters in America, but gutless editors. So the suck-ups to power get the choice posts in metropolitan dailies and on the networks.

Think of the punishment inflicted for the crime of investigative reporting. Seymour Hersh told me he was forced out of the New York Times and Bob Parry, the guy who busted open the Iran-Contra story, was pushed out of the Associated Press. On the other hand, Bob Woodward, who had his journalistic tongue up George Bush's rectum, who went from writing 'All the President's Men' to being one of the President's men, is doing just fine.

Dollars & Sense: Many progressives are focused on privatization of the Iraqi economy, including its oil industry, as Bush?s real goal for the invasion. But you write about two radically different plans within the administration, the neo-cons? versus Big Oil?s?and Big Oil?s plan was the one opposed to privatization. What?s going on here? Plus: any update on how privatization and the whole neo-liberal reshaping of the Iraqi economy are going?

Palast: A lot of intelligent folk believe Bush had a secret plan to grab the oil fields of Iraq before the tanks rolled. That's wrong. He had TWO plans. In Armed Madhouse, I show you both -- the result of two years undercover for BBC. The plans conflict. There's the neo-con plan: Privatize -- that is, sell off -- everything, "especially the oil" industry. That's a quote from the 101-page document which I learned was written by the neo-cons. That didn't happen -- because a Jim Baker team -- he's the lawyer for both Exxon and Saudi Arabia -- secretly wrote a 323-page plan that called for CONTROLLING the oil flow, not owning it. The purpose was to LIMIT the supply of oil from Iraq and keep prices high. This would, "enhance [Iraq's] relationship with OPEC" -- the oil cartel. That's a quote from the document you're not supposed to see.

So here it is: the invasion was about LIMITING the flow of oil from Iraq, keeping prices high, not grabbing the oil to bring prices down for your SUV. The secret Baker plan is now the law in Iraq and prices are over $50 a barrel. MISSION ACCOMPLISHED.

Dollars & Sense: We?ve covered some of the less-told stories of Venezuela under Chavez?for example, how he?s dramatically expanding the co-operative sector of the economy. Some progressives worry though: is he a populist demagogue, maybe in the Juan Peron mold, or is he really committed to worker autonomy, democracy, and all that good stuff? You?ve talked with Hugo Chavez. What?s your take?

Palast: Chavez recommends that everyone read my book, so obviously I think he's the greatest statesman since Lincoln. But seriously, folks, what makes the guy an astonishing threat to the Bush World Order is that he insists on keeping the cash from the sale of Venezuela's oil -- shock of shocks! -- in Venezuela! With some lent to the rest of Latin America. Up until now, Venezuela sold us oil then immediately shifted the funds back to the US Federal Reserve. Chavez withdrew the funds from the Fed and, Heaven help us, spent it on building his own nation's economy. Is he a "demogogue"? The word means, spokesman for the people. That he is. Fun trivia: RFK Jr. reminded me that Chavez picked up the line, "Whiff of sulfur" in speaking of Bush from my last book which he had just read.

Dollars & Sense: You write about how, depending on the price of oil over time, Venezuela?s oil could turn out to be a pivot point of huge geopolitical change. Can you explain?

Palast: Internal US Department of Energy analysis (I got my hands on it for BBC; it's in the book) shows that Venezuela, not Saudi Arabia, has the largest reserve of crude. That's a geo-political earthquake.

Dollars & Sense: Are you really convinced that a big devaluation of the Chinese currency would be meaningless in terms of saving U.S. manufacturing jobs by making Chinese exports more expensive? Then why are U.S. policymakers across the political spectrum so obsessed with getting China to devalue its currency?

Palast: You're really asking, Why do politicians feed us bullshit? That's a whole book right there. Both parties are winking and nodding and giggling behind your back that the way to save jobs is to change the value of China's money. It's a brilliant cover for the bi-partisan banging the American worker received with the one-two punch of NAFTA and 'Most Favored Nation' trade status for China. There are 700 Wal-Mart plants in China -- zero in the USA. Hillary Clinton was on the board of Wal-Mart when that shift went into full swing. No wonder she's joining George Bush in talking about baloney like "exchange rates."

Greg Palast is author of ARMED MADHOUSE: From Baghdad to New Orleans -- Sordid Secrets and Strange Tales of a White House Gone Wild, by Greg Palast, newly released in an updated, expanded edition; now in paperback. For more info go to www.GregPalast.com
 
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smurphy

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Common sense question

If oil companies were in bed with GOP--and had abilty to control oil prices--I would think they would make prices as affordable as possible in election year--same to be said about OPEC.

Not so much GOP as Bush/Cheney. It's not like this administration cares whether or not McCain wins. Bush could care less about McCain. His work is done.
 
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