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Are gas prices fueling your pain? - READ ONLY

10042 messages,  Last post on Jul 12, 2008 at 3:07 PM

You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires

What is this discussion about? Fuel Efficiency (MPG)


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#5877 of 10042
Re: Shoot... [bpizzuti] by kernick
Apr 17, 2008 (1:19 pm)

Replying to: bpizzuti (Apr 17, 2008 10:56 am)

No, but manipulating the markets so you're guaranteed to make a lot of money on business transactions is corrupt.
 
You'd have to give some examples. Would it be corrupt for me to buy 200 foreclosed condos in an area, rent them for 3 years, and sell them for 3X as much? Is it corrupt that 1 Euro used to = $0.90, and traders now have it at 1 Euro = $1.59? Or that people are making a lot of money buying and selling all sorts of goods, real estate and services?
#5878 of 10042
Re: Shoot... [bpizzuti] by kdhspyder
Apr 17, 2008 (1:55 pm)

Replying to: bpizzuti (Apr 17, 2008 1:04 pm)

This only concerns US companies but yes I agree that if the US based companies all conspire to hold back supply then that is illegal. However if one does it and others follow suit and stay 'in step' without discussing it then that's not illegal. That's how the prices of steel were set for years and years. US Steel set the prices and the others followed suit exactly.
 
However the price of oil is set by the producers and their mostly state-owned marketing arms. These are not US companies so they can do whatever they want and it's not illegal. It's perfectly good capitalism, i.e. the one(s) with the power exert it over the one(s) without the power.
 
US monopoly laws do not apply to non-US companies doing business outside the US.
#5879 of 10042
Re: Shoot... [kdhspyder] by bpizzuti
Apr 17, 2008 (2:02 pm)

Replying to: kdhspyder (Apr 17, 2008 1:55 pm)

Unfortunately true. However, I think that's the first time I've heard socialism referred to as good capitalism.
 
BTW, just because we don't know they're discussing it doesn't mean they're not doing it...and laughing all the way to the bank.
#5880 of 10042
Re: Shoot... [bpizzuti] by tpe
Apr 17, 2008 (5:41 pm)

Replying to: bpizzuti (Apr 17, 2008 1:04 pm)

Global oil consumption has been growing at around 3% each year. This would be impossible if the oil producers were actually decreasing production. You can't consume more than is produced. With $115/barrel oil the domestic producers are doing whatever they can to maximize production. My understanding is there are localities in Texas with booming economies as a result. Now OPEC could be limiting production, but I doubt it. Regardless, they aren't bound by our anti-trust laws so all the ranting in the world isn't going to change how OPEC operates. We can only look at ourselves and ask, "how did we become so dependent, so vulnerable"?
#5881 of 10042
Re: Shoot... [kernick] by ny540i6
Apr 17, 2008 (6:40 pm)

Replying to: kernick (Apr 17, 2008 1:19 pm)

Would it be corrupt for me to buy 200 foreclosed condos in an area, rent them for 3 years, and sell them for 3X as much?
 
Yeah.... this is corrupt in two ways... first, that I had not thought of it first, or did not have the guts to take the gamble, and second, that I insist on living in that area, and am pissed off at the asking price.
#5882 of 10042
Re: Shoot... [bpizzuti] by humblecoder
Apr 17, 2008 (7:29 pm)

Replying to: bpizzuti (Apr 17, 2008 1:04 pm)

Which means it's entirely possible that there is collaboration going on regarding keeping the supply low. Which is illegal (check the statutes on monopolism and abuse).
 
Actually, there IS collaboration going on to control the supply of oil.... You may have heard of an organization called OPEC? They are a cartel (fancy word for monopoly) of oil producing countries which meet from time to time to determine how much oil they are going to supply.
 
The thing is, what they are doing isn't "illegal" since they aren't governed by the laws of the United States of America. You see, the laws of the USA only apply within the borders of the USA, despite what Bush might have let you to believe.
#5883 of 10042
BOYCOTT every last US automaker except Honda!! by kscng
Apr 17, 2008 (8:25 pm)
No reason whatsoever that USA should be driving all these gashogs, except for EPA and DOE being in cohoots with BigOil, along with all the US auto manufacturers!!! BOYCOTT them ALL, except for one . . . Honda. Honda is the highest mpg auto producer and ONLY company still selling the REAL CURE to high petrol prices . . . CNG - - compressed natural gas. USA has massive supply of cheap natural gas (witnessed by Utah cng price of $0.64 per gge - - - gallon of gas equivalent). Also Rocky Mountains has massive supply that is being piped through new 36 inch pipeline from Colorado to Chicago!! Also, new Denali pipeline is being built from Alaska to Canada to use massive supply of natural gas in Alaska. Finally, yet another massive supply of natural gas was located in Pennsylvania - - - all of these add up to likely 100 to 150 year supply of ng, even if ALL crude oil was NOT bought from OPEC!!
 
Buy yourself a Honda Civic GX (dedicated cng) and find any public cng refueling station near your house and USE cng!!! If no public cng station, then buy yourself a Fuelmaker cng compressor that connects to normal natural gas line that supplies your home furnace with natural gas!!!
 
CNG is the SOLUTION to transportation needs of USA . . if only Pres Bush, EPA, DOE, and car makers would promote cng!! Current "Oil Crisis" is what I call Enronizing the price of crude oil to help all of Pres Bush BigOil cronies in TX, Halliburton buddies of VP Cheney, etc. Throw all those scheisters out!!
#5884 of 10042
Re: BOYCOTT every last US automaker except Honda!! [kscng] by steve_ HOST
Apr 17, 2008 (8:52 pm)

Replying to: kscng (Apr 17, 2008 8:25 pm)

new Denali pipeline is being built from Alaska to Canada
 
That's still in the "give us a license" phase. Build-out would be complete in 2018. Journal of Commerce
#5885 of 10042
Re: BOYCOTT every last US automaker except Honda!! [kscng] by gagrice
Apr 17, 2008 (9:32 pm)

Replying to: kscng (Apr 17, 2008 8:25 pm)

Buy yourself a Honda Civic GX (dedicated cng)
 
The Honda Civic GX has many incentives to purchase including HOV in CA. Problem is it is only a commuter type vehicle. When you get 180 miles from home you will not be able to find anyone to fill your CNG tank. Add to that the very small trunk because of the large CNG tank.
 
If you want or need a REAL truck Honda has no option. If they ever offer a diesel Pilot I may consider Honda a viable car company. Not before. Nothing they have is practical for me.
 
PS
Friends that own the Odyssey do not get more than about 16 MPG in mixed driving. I can get that in my Sequoia and not worry about getting stuck in a sandy wash.
#5886 of 10042
Florida... by lemko
Apr 18, 2008 (3:37 am)
...already has premium gasoline at $4.09 a gallon per the news show I watched this morning.

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