How we can get gas prices down!
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Joined: Jul 2007
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bogus. call me a cynic, but the deflated dollar and supply and demand are simply not going to allow significant gas price cuts because of a small scale XOM boycott.
even a large scale boycott won't do squat. XOM (or whichever gas co. for that matter) would just sell a bit more gas to europe at a nickel a gallon less, and shell/bp/texaco/chevron/etc will take a US market share increase of 1/10th% or whatever at XOM's expense.
if everybody boycotts all the gas companies (sure, why not?) then they'll STILL sell it elsewhere, just for a few cents less. what would happen if europe boycotted all gasoline? ours would be a bit cheaper, and they wouldnt get any until they decided to pay the market rate again.
more countries are more developed now than ten years ago. that means more demand for a commodity with fixed supply. what happens when supply is constant and demand increases? Blame that sinister Adam Smith--it's not Dr. Evil creating the high gas prices.
i wonder if someone trading XOM stock options started this rumor all those years ago. amazing that its still circulating.
even a large scale boycott won't do squat. XOM (or whichever gas co. for that matter) would just sell a bit more gas to europe at a nickel a gallon less, and shell/bp/texaco/chevron/etc will take a US market share increase of 1/10th% or whatever at XOM's expense.
if everybody boycotts all the gas companies (sure, why not?) then they'll STILL sell it elsewhere, just for a few cents less. what would happen if europe boycotted all gasoline? ours would be a bit cheaper, and they wouldnt get any until they decided to pay the market rate again.
more countries are more developed now than ten years ago. that means more demand for a commodity with fixed supply. what happens when supply is constant and demand increases? Blame that sinister Adam Smith--it's not Dr. Evil creating the high gas prices.
i wonder if someone trading XOM stock options started this rumor all those years ago. amazing that its still circulating.
Joined: Mar 2002
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From: Plattsburgh, NY
Originally Posted by cash84,Apr 19 2008, 09:09 PM
Here's the idea: For the rest of this year, DON'T purchase ANY gasoline from the two biggest companies (which now are one), EXXON and MOBIL.
If they are not selling any gas, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit.
Jeff
If they are not selling any gas, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit.
Jeff
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From: slo
Originally Posted by 8D_In_Trunk,Apr 19 2008, 05:30 PM
JettaGT
b) needs clarification
IIRC, the OPEC nations currently have several million barrels in reserve, and there's a newly-found bed of oil found off the coast of Brazil, large enough to put peak-oil theories in new debate.
IMHO, you neglected c) commodities speculators going for the single most necessary commodity after foodstuffs (but by which food "table" prices are set).
IBTM
b) needs clarification
IIRC, the OPEC nations currently have several million barrels in reserve, and there's a newly-found bed of oil found off the coast of Brazil, large enough to put peak-oil theories in new debate.
IMHO, you neglected c) commodities speculators going for the single most necessary commodity after foodstuffs (but by which food "table" prices are set).
IBTMthe debate is only about the timing of the peak.
all finite things will have peak extraction rates....I mean think about it.
Now even with the larger finds in Brazil......this won't do sqwat.....do the numbers....and if you don't believe me.
read about it from cal tech professor David Goldstein who is a physicist there.
He posed if we found another Ghawar oil field (the largest in the world, much much larger than brazils find (about 10X larger)) it would simply offset the peak by 1-2 yrs. granted brazil will take about 10 yrs to start pumping from the new field.....so good luck to all...and hopefully you invest in oil.
"But as Goldstein points out: "Let us suppose for one euphoric moment that one more really big one is still out there to be discovered. Even if we were to stumble onto another 90-billion barrels field tomorrow (the equivalent of another Ghawar field) Hubbert's Peak would be delayed by a year or two, well within the uncertainty of the present estimates of when it will occur. It would hardly make any difference at all." "
http://www.marketwatch.com/News/Story/Stor...gle&dist=google
Joined: Mar 2002
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From: Doh!!
[QUOTE=magician,Apr 20 2008, 07:52 PM] These would be the other companies that are selling gas.
If they're selling gas, and Exxon and Mobile aren't, what difference do Exxon's and Mobile's prices make? And they're selling more gas - Exxon's and Mobile's former customers are buying from someone - without lowering prices.
I'm sorry, but this is stupid.
Two dollars per gallon is silly. If this would work, why stop there? Let's take it down to 20
If they're selling gas, and Exxon and Mobile aren't, what difference do Exxon's and Mobile's prices make? And they're selling more gas - Exxon's and Mobile's former customers are buying from someone - without lowering prices.
I'm sorry, but this is stupid.
Two dollars per gallon is silly. If this would work, why stop there? Let's take it down to 20