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Smart Shopper Stories from the Sales Frontlines
48040 messages, Last post on Dec 02, 2009 at 9:06 PM
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Just got this blurb from Forbes. You would think the big oil companies would learn. But, here they are, with their commodities people manipulating prices again for no good reason. This run up doesn't help the recovery on the auto industry either. Demand is down....way down...and will continue to sink, worldwide. Inventories are overflowing. Yet, gas and oil prices are up 60% since the beginning of the year. Unbelievable. This helps no one but the oil companies....and hurts everyone else. "Much like in the stock market, oil traders seem to be grasping for potential recovery in the future rather than looking at the reality on the ground. IHS Global Insight analyst Simon Wardell said on Wednesday that oil was currently overvalued, with no demand growth in sight. He noted that inventories tracked by the Organization for Economic Cooperation and Development were at an 11-year high of 2.7 billion barrels. "The inventories are getting very, very high," said Wardell. "We're producing too much oil, and we're running out of places to put it." The United States Energy Information Administration said as much earlier this month, when it said that expectations of a price rise in the coming year would "need to be tempered with the current market reality of this supply overhang." The government department slashed its projections for 2009 world oil consumption to 1.8 million barrels per day, from 2.2 million."
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Replying to: madmanmoo (May 27, 2009 9:05 am)
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Replying to: lrguy44 (May 27, 2009 9:13 am) |
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Replying to: oldfarmer50 (May 27, 2009 8:37 am) 
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Replying to: madmanmoo (May 27, 2009 9:05 am)
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Replying to: boomchek (May 27, 2009 9:53 am) |
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Replying to: graphicguy (May 27, 2009 9:09 am) Years ago I heard an old timer talk about corporations gouging the public whenever they got the opportunity. As best as I can remember, his quote was, “This crap (he used the other word) won’t stop until a few CEO’s start waking up DEAD”. At the time I thought that was extremely drastic and figured, given the old “supply and demand” concept, there must be another way; now I’m not so sure. jmonroe |
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Replying to: graphicguy (May 27, 2009 9:09 am) Based on those percentages, at $50 a barrel we should be paying about $1.25 per gallon, but we are paying about twice that much. If it goes back to $160 that means we will be paying $8.00 a gal. They kept hammering us by saying they were only passing on the cost to us when the price was high, (although they never explained their huge increase in profits) so why isn't the reverse true now? This oil business is what started our current economic downturn. Many people simply went broke paying for gas and the whole thing snowballed. To sum up. Gas prices are double what they were when oil was $160 a barrel, relative to the price of oil. Now we have wasted trillions of dollars trying to fix the big mess...trillions that we and our kids will have to someway pay back...and the oil companies are gouging even more. Someone should go to jail. Rant over !! |
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Replying to: madmanmoo (May 27, 2009 9:05 am) I still think there are 2 ways of looking at this. Car salespeople are in a business that is not exact. You don't go in, buy your aspirin and pay for it. What happens is you browse, and you might just end up buying. So, I think a wise salesman would, if he has the time, try to answer any questions. The person asking might turn into a buyer or might know someone who will buy. If you answer nicely and informatively, you might just get a new customer out of it. If you are too abrupt, and are only going to spend your time on sure things, you could be cutting off a possible new customer. On the other hand, I wouldn't call a salesperson if I didn't intend on buying. However, I get all kinds of people calling me asking how they can get a certain book, or how they can get a book published, and I try to be as helpful as possible - time permitting. I think I learn more every time I answer a question, and I think your total attitude has spin off affects. Being positive, helpful, and kind to people makes people react to you in the same way.
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