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8805 messages,  Last post on Nov 27, 2009 at 11:25 AM

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What is this discussion about? Fuel System


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#6174 of 8805
Re: Bellevue WA Chevron [rockylee] by kirstie_h HOST
Jan 23, 2007 (12:34 pm)
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Replying to: rockylee (Jan 23, 2007 12:13 pm)

I could be wrong, but I believe it's only price gouging if you raise it dramatically it in response to a real or alleged crisis.
#6175 of 8805
Re: Bellevue WA Chevron [rockylee] by rorr
Jan 23, 2007 (12:34 pm)
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Replying to: rockylee (Jan 23, 2007 12:13 pm)

"rorr, you can't charge $50.00 a gallon because that's price gouging pal."
 
Why? If I'm charging $50.00 a gallon and I'm next to a service station, with gas, at $2.50 a gallon, how much gas do you think I'll sell? I've only "gouged" when somebody buys my gas. And IF they bought my extravagently priced boutique fuel OF THEIR OWN FREE WILL at $50.00 per gallon, then it's still not "gouging", is it?
 
Now, if all the stations in an area get together and collude to set prices, then that is against the law. But the law they've broken is a law against collusion and price fixing rather than "gouging" (btw - why is it somehow OK for the government to fix prices but it is not OK for private industry to fix prices? Just curious....)
 
"They are the only company in this nations history that supply's a critical energy source at record prices while getting government handouts called subsidies"
 
Then cut the subsidies. Personally, I don't think government should be mucking about with 'subsidies' for any industry (whether it's "big oil" or ethanol or farming or etc etc etc). The problem with subsidies is that then the entire inside-the-Beltway environment is a cesspool of lobbists looking for tax loopholes, subsidies, and various trade protection schemes (like tariffs). Personally, I would be perfectly fine with cutting subsidies (so long as you got rid of ALL of the other BS as well).
 
BTW - just exactly what subsidies is "Big Oil" getting? Are they true subsidies or are we talking about tax credits? I know that a figure of $20B has been thrown around, but I'm not sure how much credence to give to the source.
#6176 of 8805
Re: Bellevue WA Chevron [rorr] by fintail
Jan 23, 2007 (1:00 pm)
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Replying to: rorr (Jan 23, 2007 12:00 pm)

Who says they are acting individually? Sure is funny that some cities have higher prices than others, when taxes nor transport costs can be used to explain it away. Pricing models for commodities differ than those of luxury items. People might buy less gas hungry vehicles over time, but they will still need gas, and will appropriate money from elsewhere to buy it. It could be $10 a gallon and people would do it, but they'd be scrimping on food and healthcare (as so many must already).
 
"And who is 'raking in the windfall profits' when gas prices vary by over $0.40 just within your metro area?"
 
The controlling entities of the given outlets. Are you denying windfall profits are being made?
 
You need to learn more about my "small metro area" before you comment.
  
Who is paying your meal ticket anyway? You seem to only comment when the amoral current regime is bashed, and when people complain about the oil industry. You're hardly a nonpartisan voice. Something's up.
#6177 of 8805
Re: Bellevue WA Chevron [tpe] by fintail
Jan 23, 2007 (1:11 pm)
Reply

Replying to: tpe (Jan 23, 2007 11:22 am)

Those are nice stats. Isn't something like 95% of the wealth held by 1% of the populace? Stats can be used in many ways...
 
Chavez is amusing, good for sound bites. I hope he keeps it up, and I wouldn't cry if his plan succeeds. In the long run, the American market won't be his largest concern.
 
No changes on the gas price front here, no matter the decreases in other locales, lowering input prices, etc.
#6178 of 8805
Re: Bellevue WA Chevron [fintail] by kirstie_h HOST
Jan 23, 2007 (1:13 pm)
Reply

Replying to: fintail (Jan 23, 2007 1:00 pm)

Believe it or not, people can have vastly different opinions to yours (or mine) without any money whatsoever changing hands. I am not kidding.
 
Knock off all of the personal comments - feel free to exchange e-mail addresses and conspiracy theories.
#6179 of 8805
Enough by pf_flyer HOST
Jan 23, 2007 (1:16 pm)
Reply
Let's drop what is fast becoming a personal beef right now before it really gets out of hand.
 
We can all agree that you disagree, repeated posting AT each other is accomplishing nothing, time to move on.
#6181 of 8805
Re: Bellevue WA Chevron [fintail] by rorr
Jan 23, 2007 (1:22 pm)
Reply

Replying to: fintail (Jan 23, 2007 1:11 pm)

Come on back over to the MTC. I note that you haven't been in there since August. We can have LOTS of fun over there....
#6182 of 8805
Re: Bellevue WA Chevron [fintail] by tpe
Jan 23, 2007 (3:09 pm)
Reply

Replying to: fintail (Jan 23, 2007 1:11 pm)

Those are nice stats. Isn't something like 95% of the wealth held by 1% of the populace? Stats can be used in many ways...
 
Actually the top 1% hold 34% of the wealth in this country. Fairly dramatic but not nearly as compelling as your numbers. Don't ever let facts get in the way of a good story. Are they paying their fair share? Well that's hard to say. The top 1% in terms of wealth are not necessarily the top 1% wage earners but the top 1% in terms of income pay almost 37% of the taxes.
 
http://www.faculty.fairfield.edu/faculty/hodgson/Courses/so11/stratification/inc- ome&wealth.htm
 
http://www.taxfoundation.org/taxdata/show/250.html
 
Chavez is amusing, good for sound bites. I hope he keeps it up, and I wouldn't cry if his plan succeeds. In the long run, the American market won't be his largest concern.
 
I wouldn't cry either, but I would be very surprised. Everyone else that's tried this has failed and he doesn't inspire me as the exception who can pull it off. Look at the countries he's aligned himself with. Cuba, Iran, N. Korea, and some other South American nations. Not exactly an economic juggernaut in the group. As far as not needing the American consumer, I don't accept that. He can bad mouth us all he wants but its like the drug dealer ridiculing the junkies. Where would he or his social programs be without us?
#6183 of 8805
Re: Bellevue WA Chevron [tpe] by fintail
Jan 23, 2007 (3:22 pm)
Reply

Replying to: tpe (Jan 23, 2007 3:09 pm)

Hey, hyperbole is worth something, but the underlying concept is the same.
 
The top 10% holds something like 70%.
 
http://answers.google.com/answers/threadview?id=2050
 
And the bottom 40% holds .2%. What percentage of wealth is held by those income earners? That top 1% that pays 37% almost certainly has a proportional amount of the fruit. So the rich really aren't being victimized as trickle-downers might want to imagine.
 
There are other markets for Chavez's oil than the US. Especially in the longer term when/if supply problems take place. His little plan will likely not pan out (and lord knows American lives will be risked to help bring it down), but some of his efforts are worth thinking about. He's not perfect, but neither are we.

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