/dev/null Posted April 28, 2011 Share Posted April 28, 2011 I still think it's more than that. I do believe it has to do with people running scared every time there is a gun shot anywhere in the middle east, a storm in the gulf, etc., etc. Fact is that prices are being driven up and up with every new news story and not coming back down. You're half right, there is more to it than just a weak dollar. Demand by emerging markets. But mostly it's due to the ever weakening dollar All Glory to The Benbernank Link to comment Share on other sites More sharing options...
Chef Jim Posted April 28, 2011 Share Posted April 28, 2011 The Bills better pick Peterson. I just booked my tickets to WNY for August. I know it's early but I'll give you folks some time. Any tips on what to do while I'm there? Link to comment Share on other sites More sharing options...
BuffaloBill Posted April 28, 2011 Author Share Posted April 28, 2011 Oh it belonged over here sooner. But seeing you have the ability to move threads you can't participate in the contest.....sorry. BTW - be cautious as it might be the "last post" thread that gets moved over here .... Link to comment Share on other sites More sharing options...
Chef Jim Posted April 28, 2011 Share Posted April 28, 2011 BTW - be cautious as it might be the "last post" thread that gets moved over here .... Where it would be beaten to death and die the fast and painful death it !@#$ing deserves Link to comment Share on other sites More sharing options...
BuffaloBill Posted April 28, 2011 Author Share Posted April 28, 2011 Where it would be beaten to death and die the fast and painful death it !@#$ing deserves Actually if you want a thread to go from here to there you would only need to start one: "Hot for Politician - (insert location) Style" Hopefully someone good looking - though as it has been attested to - it is hard to look good in a mug shot. Link to comment Share on other sites More sharing options...
Marv's Neighbor Posted April 28, 2011 Share Posted April 28, 2011 Look at a chart which shows the value of the dollar, then look at a chart of oil prices. Exactly! World Oil is priced in DOLLARS and our "hot off the press" Dollars are worth a fraction of what they should be because of our out of control debt. None of us could continue to borrow to pay our bills, we would eventually be turned down. However when you can get away with printing as much money as you want, and then throw it away on phony "economic stimulus" scams, our Dollars quickly have a lot less "value." Link to comment Share on other sites More sharing options...
Gary M Posted April 29, 2011 Share Posted April 29, 2011 Douche bag... I understand that. So your way to deal with higher has prices is to walk or get a car with higher mpg. Freakin' brilliant. Such a moron. that was Obamas plan Link to comment Share on other sites More sharing options...
Chef Jim Posted April 29, 2011 Share Posted April 29, 2011 that was Obamas plan youtube.com/watch?v=7Nung1MWBqU Someone should not B word about the price of gas when they have to buy an SUV when they have 10 kids. Once again. You can't afford 'em, don't have 'em. Link to comment Share on other sites More sharing options...
DC Tom Posted April 29, 2011 Share Posted April 29, 2011 Someone should not B word about the price of gas when they have to buy an SUV when they have 10 kids. Once again. You can't afford 'em, don't have 'em. Put the oldest to work, have them pay for gas. Problem solved. Link to comment Share on other sites More sharing options...
Gary M Posted April 29, 2011 Share Posted April 29, 2011 Someone should not B word about the price of gas when they have to buy an SUV when they have 10 kids. Once again. You can't afford 'em, don't have 'em. Maybe he could afford it before the gas prices rose due to the fact that the dollar is close to worthless!!! I am of the same belief don't do it if you can't afford it. But this administration is killing the dollar with it's policies. Having the Pres tell someone to get a different vehicle when everything he has done has crushed our economy is just plain wrong. and pbills calling someone a douchebag is not right. Link to comment Share on other sites More sharing options...
Chef Jim Posted April 29, 2011 Share Posted April 29, 2011 Put the oldest to work, have them pay for gas. Problem solved. I think you'll get this line of thought. Sell the oldest. Maybe he could afford it before the gas prices rose due to the fact that the dollar is close to worthless!!! I am of the same belief don't do it if you can't afford it. But this administration is killing the dollar with it's policies. Having the Pres tell someone to get a different vehicle when everything he has done has crushed our economy is just plain wrong. and pbills calling someone a douchebag is not right. To put this all at the feet of the President is pretty silly. Link to comment Share on other sites More sharing options...
Keukasmallies Posted April 29, 2011 Share Posted April 29, 2011 Anyone agree with me that the whole gas price debacle is simply a continuing impact from the Laura Bush regime? Link to comment Share on other sites More sharing options...
DC Tom Posted April 29, 2011 Share Posted April 29, 2011 I think you'll get this line of thought. Sell the oldest. No, sell the youngest. They command a better price on the market. Plus, they can't work, whereas the oldest can. So generate cash flow off the oldest, but capitalize the youngest into cash assets. To put this all at the feet of the President is pretty silly. I agree. I put it at the liver of the president. Link to comment Share on other sites More sharing options...
Chef Jim Posted April 29, 2011 Share Posted April 29, 2011 No, sell the youngest. They command a better price on the market. Plus, they can't work, whereas the oldest can. So generate cash flow off the oldest, but capitalize the youngest into cash assets. You've obviously put more thought into this than I have. Link to comment Share on other sites More sharing options...
TPS Posted April 29, 2011 Share Posted April 29, 2011 Exactly! World Oil is priced in DOLLARS and our "hot off the press" Dollars are worth a fraction of what they should be because of our out of control debt. None of us could continue to borrow to pay our bills, we would eventually be turned down. However when you can get away with printing as much money as you want, and then throw it away on phony "economic stimulus" scams, our Dollars quickly have a lot less "value." People keep throwing that oil-dollar link out there, but that's a relatively recent phenomenon. Prior to 2000, there is a positive correlation between the dollar and oil, but it turns negative after 2000. I wonder what has changed since then..... Link to comment Share on other sites More sharing options...
Magox Posted May 1, 2011 Share Posted May 1, 2011 People keep throwing that oil-dollar link out there, but that's a relatively recent phenomenon. Prior to 2000, there is a positive correlation between the dollar and oil, but it turns negative after 2000. I wonder what has changed since then..... There is a very strong oil-dollar link, you aren't disputing that are you? Link to comment Share on other sites More sharing options...
TPS Posted May 1, 2011 Share Posted May 1, 2011 There is a very strong oil-dollar link, you aren't disputing that are you? As I stated, there was a positive correlation from 1973 to 2001; it has since reversed. The negative relationship begins in the early 2000s, and it is statistically significant. Link to comment Share on other sites More sharing options...
Gary M Posted May 1, 2011 Share Posted May 1, 2011 I think you'll get this line of thought. Sell the oldest. To put this all at the feet of the President is pretty silly. I didn't put anything at the feet of the President, I just pointed out that pbills called KD a douche bag when he suggested exactly what the President said. Link to comment Share on other sites More sharing options...
finknottle Posted May 4, 2011 Share Posted May 4, 2011 I dislike companies that make exorbitant profits at the expense of consumers. Someone passes gas in the Middle East and oil companies raise gas prices 12 cents a gallon. Yes I'm aware that oiil prices are increasing, and why is that do you suppose. Why is that an exorbitant profit? What should its profit be? Let's do some basic math. The company is currently valued at $424.5 billion. It made $10.65 billion last quarter. If it can keep that up for a year, it will have earned $42.6 billion. That means it makes a 10% profit this year. A very good return, but hardly exorbitant. Tell me: if you bought a business for $500,000, would you consider an annual profit of $50,000 exorbitant? Would $5,000 a year be fairer to you and the consumers? Complaining about profit without reference to the size of the company is absurd. Link to comment Share on other sites More sharing options...
Magox Posted May 4, 2011 Share Posted May 4, 2011 Why is that an exorbitant profit? What should its profit be? Let's do some basic math. The company is currently valued at $424.5 billion. It made $10.65 billion last quarter. If it can keep that up for a year, it will have earned $42.6 billion. That means it makes a 10% profit this year. A very good return, but hardly exorbitant. Tell me: if you bought a business for $500,000, would you consider an annual profit of $50,000 exorbitant? Would $5,000 a year be fairer to you and the consumers? Complaining about profit without reference to the size of the company is absurd. There wasn't anyone shedding tears for the oil companies when they were losing money for close to 2 decades prior to the oil boom. Link to comment Share on other sites More sharing options...
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