lajimi: Fark-the-Fnord: Dancin_In_Anson: lajimi: I don't much care for $4.00+ a gallon gas and these greedy bastiges jumping the price whenever they feel like it.Then don't buy it.Oh I was not aware that they taught complex economics such as that in Douche bag school. You must have studied hard.Douche bag school? My, aren't you clever! Well those of us at the Douche bag school are waiting to hear YOUR ideas, come on, someone as clever as you must be overflowing with ideas. We're waiting./A real wit//Well, half of one
Inescapable Future of Humanity: You never hear about it because people are two busy drooling onto their keyboard
mod3072: So, the key to lower gas prices is to use less and curb demand, because prices go up when demand is high and supply is low. At the same time we need to use more because prices go up when demand is low and supply is high. So if demand goes up 20% and down 20% at the same time and supplies stay high, gas prices should drop because demand is up and supply is up and demand is down and supply is up, right? Am I doing it right?
corn-bread: justtray: Oh it's logical economics. Gas is an inelastic good. This means that as the price goes up, demand doesn't drop proportionately, and thus profits increase.In other words, they raise the prices because they can.You know not what inelastic means.The mere fact that quantity demanded has retracted significantly *after* the price went way up says that it in fact is not inelastic.Granted gasoline may have a *higher* inelasticity than other goods, but to categorically say it is "an inelastic good" given what has happened the last 8 - 10 months is just patently wrong.
Cup_O_Jo: As of yesterday. The car companies biatched they will not be able to sell the new fuel efficient cars unless gas prices are 4 dollars a gallon again. SO-testing in one to three.../wonders when I turned into a female Dale Gribble.
that1guy77: Lets get all political, anti-establishment, go on a witch hunt and throw economics 101 out the window.
stryker4526: Average gas in MI right around Summer '08 was around $1.50-1.90 or so per gallon.
Kar98: stryker4526: Average gas in MI right around Summer '08 was around $1.50-1.90 or so per gallon.No farking way.
Mad-n-FL: We already have laws against price gouging during national emergencies.A declared war (even on on "terror") is a national emergency.Why have we not yet prosecuted the oil industries CEOs?
Bukharin: Is there a better way to send a sheet of paper cross country for 40-something cents?
Bukharin: Dancin_In_Anson: If you like the postal service, you'll love nationalized oil.Is there a better way to send a sheet of paper cross country for 40-something cents?
slackinfux: Thankfully, I'm about to put my motorcycle back on the road and shorten my daily commute to about 5 miles round trip, so I really don't care anymore.
GoodyearPimp: lajimi: I don't much care for $4.00+ a gallon gas and these greedy bastiges jumping the price whenever they feel like it.Why wouldn't they *always* feel like it?
Dancin_In_Anson: lajimi: Maybe it's time to nationalize the oil industry.If you like the postal service, you'll love nationalized oil.
CowboyNinjaD: Shadowknight: Dancin_In_Anson: If you like the postal service, you'll love nationalized oil.I know. I hate such efficiency that they can get insane amount of personal and mass mail delivered with nearly 100% efficiency and within the promised time limit six times a week.You can argue that they could easily go down to four times a week, but if you want to argue government inefficiency the post office really isn't where to look for it. For all the jokes about the post office and it's laziness, they really do an amazing job for the amount of post they need to move every freaking day.It's not his fault. He's just making the typical, cliche, anti-government argument.Like people who argue against a national health care system by comparing it to the DMV. You know, I've been a licensed driver since 1996. I think I've only had to go an actual office two or three times. I went once to get my temporary license and another time to take my test and get my real license.Then I moved to another state in 2003 and had to physically go to an office to get my picture taken for my new license. Other than that, everything has been through the mail or over the Internet.So yeah, the DMV, a true model of inefficiency.
NaziKamikaze: Dancin_In_Anson: Bukharin: Is there a better way to send a sheet of paper cross country for 40-something cents?No, but there are ways that are profitable and don't require massive government subsidy.Why should the postal service be profitable? It should do what it does satisfactorily and on budget. It's not a business, but it's necessary to a nation.
starfliz: NaziKamikaze: Dancin_In_Anson: Bukharin: Is there a better way to send a sheet of paper cross country for 40-something cents?No, but there are ways that are profitable and don't require massive government subsidy.Why should the postal service be profitable? It should do what it does satisfactorily and on budget. It's not a business, but it's necessary to a nation.because if they are not profitable then they are stealing my money for something I don't want and could be better served by privatization. Lets pay to have a service that feeds the ducks. hey.. 'its providing a service'! Really, the biggest problem is how the laws block privatization now.
Headso: yeah and don't buy any food or goods where oil was used in the production or shipping. problem solved the "conservative" way.
Bukharin: "The U.S. Postal Service concluded fiscal 2005 with a net income of $1.4 billion on record revenue of $70 billion and record volume of 212 billion mail pieces."
Dancin_In_Anson: How are they doing now?
Bukharin: Analysts polled by Thomson Reuters, on average, expect UPS to earn 56 cents per share on revenue of $11.4 billion for the first quarter.
The Icelander: Simple solution: Consume less, and buy things that are minimally shipped.
The Icelander: GanjSmokr: Except for the fact that nearly everything you consume requires oil to either make or transport, you've got it all figured out.Simple solution: Consume less, and buy things that are minimally shipped.
Bukharin: Lets stay on the topic you originally brought up about the USPS not being profitable and requiring "massive government subsidy."
oxen.trot: Maybe we should try a different approach than that of Greed.
ineedanap: Link (new window)OK.. These rising prices are nothing more than speculation coming into the futures market AND exceedingly low refinery output. If you look at the above tables, LAST YEAR at this time most areas of the country had MORE supply of refined gasoline than they do today.Let me say that again, at $4 a gallon, there was more refined gas than there is currently, when there is over 100 million barrels of oil AT sea on tankers. Meanwhile refiner's are in the low 80% capacity, and likely even lower with this weeks "fires".I don't agree with nationalization, but thisThis is CRAP, Suddenly this week two refinery fires, Nigerea goes Ape shiat again, and another country declares "force majerie". This is nothing more than creating an artificial supply shortage to increase the bottom line.Doubt anyone will read this info, this far down in the thread tho..
Dancin_In_Anson: They lost $2.8 billion last year. That is not profitable no matter how you slice it.And no, they haven't received subsidy, I was wrong. Let hope it stays that way.
jfsimpson: Most of the people in this thread are very stupid with a few exceptions (like FZ6).
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