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Old 12-06-2008, 07:00 PM   #41
c0nfl1kt
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Originally Posted by The Captain View Post
The laws of supply and demand show that when demand falls as much as it has, Supply will shortly fall after it to bring the price back to a proper price. I honestly feel we're seeing close to the bottom.
We haven't seen anywhere near the bottom. Recession in the US + Recession in the EU + Recession in China thanks to decreased demand for China-made goods in the US and EU = > $25/barrel crude = $0.90/gallon regular gasoline.
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Old 12-06-2008, 09:40 PM   #42
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Originally Posted by The Captain View Post
The laws of supply and demand show that when demand falls as much as it has, Supply will shortly fall after it to bring the price back to a proper price. I honestly feel we're seeing close to the bottom.
I believe this is correct... the big wigs wont lose money it wont be too long before they do something. Profit is king.

Theres not much one can do about it but im trying to keep my demand for gas down buy not buying/driving as much.
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Old 12-06-2008, 09:41 PM   #43
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$27.00 to fill my jeep. In the summer it was $63.00. This is awesome.
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Old 12-06-2008, 09:41 PM   #44
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Quote:
Originally Posted by Kir Diesel View Post
I believe this is correct... the big wigs wont lose money it wont be too long before they do something. Profit is king.

Theres not much one can do about it but im trying to keep my demand for gas down buy not buying/driving as much.
The opec nations have already tried to lock in prices at $70/barrel.

But, the reality is that many more countries will go into recession, and demand will go lower.
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Old 12-06-2008, 10:33 PM   #45
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Originally Posted by Kir Diesel View Post
I believe this is correct... the big wigs wont lose money it wont be too long before they do something.
bingo.

although they will never not have a profit. that is my belief. hopefully we will find a happy medium.
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Old 12-06-2008, 10:41 PM   #46
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Prices didn't go up because of the "big wig" execs. Prices went up because of demand. Prices won't go back up because of "big wig" execs, that's a dumb idea.

Fact is, it takes about $10-15 to get a barrel of oil out of the ground(that includes wages paid, R&D, etc). They can make plenty of money on the price it is right now.

Oil isn't an object that is sold at stores or anything that corporations can control. The price of oil is controlled by what the futures analysts predict the price will be at after taking in variables(one of them is demand). There is a lot more at play here than corporate greed since a 1/3 of the world's oil is controlled by OPEC.
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Old 12-06-2008, 11:07 PM   #47
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Its like 6 Bucks to fill the Bike
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Old 12-06-2008, 11:14 PM   #48
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$27.00 to fill my jeep. In the summer it was $63.00. This is awesome.

Same here for my Liberty, makes driving to work to do overtime even better.
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Old 12-07-2008, 09:50 PM   #49
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who cares...getting a full tank of gas for like 25 bucks is WIN times a 1000
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Old 12-08-2008, 01:17 PM   #50
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the gas prices are great right now. a lot easier on the wallet, and easier on the car since ive been keeping all of my tanks filled lately
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