Why when the government gets off the gas peoples back does the price jump back up?  
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All Forums >> Radios, Batteries, Clubhouse and more >> Off Topic Forum - Planes/Helis >> Why when the government gets off the gas peoples back does the price jump back up?
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Why when the government gets off the gas peoples back d... - 1/15/2006 2:59:23 PM   
luv2fly2


 

Posts: 139
Joined: 1/4/2002
From: Batesville, MS, USA
Status: offline 		When it was all in the news that the government was going to do an investigation the price drop down almost a dollar. Now it is out of the new and prices is going back up, WHY?
       Post #: 1

RE: Why when the government gets off the gas peoples b... - 1/15/2006 3:53:51 PM   
beepee


 

Posts: 735
Joined: 2/8/2002
From: Houston, TX, USA
Status: offline 		luv2fly2,

Have you seen crude prices lately? Up well over $60/bbl in the last month or so ... again. These prices are the result of world market conditions, not US domestic conspiracies. Despite what many think, the US is not an 'island' immune to world economic influences.

Bedford

(in reply to luv2fly2)
       Post #: 2

RE: Why when the government gets off the gas peoples b... - 1/15/2006 9:51:28 PM   
PilotFighter



Posts: 1985
Joined: 10/9/2002
From: Houston, TX, USA
Status: offline 		The US was the largest consumer of Petro products in the world. Soon we may be the third largest consumer behind China and India. China now boast nearly 300 million automobiles. Oddly enough the most popular import there is Volkswagon. The US doesn't even try to compete in that market although Europe sure does.

So demand has really increased in the last decade and will continue to increase in the future. We are competeling with other countries for oil now. And our dollar is not worth very much because we have borrowed so much from other countires to finance our federal debt and trade debt.

Actually, we aren't in nearly as bad a situation as we could be. Many countries have insisted that the US not allow its currency to become so devalued. They own our debt and they want to be repaid in dollars as valuable as the ones they loaned us. Many countires have threaten not to loan us more money if we don't stop the devalued dollar. But, if they let us go broke, then they don't get thier money back. So, we sort of have each other over a barrel. But it is a desending spiral. No one knows where the bottom is.

I seriously doubt the US will get its finacial house in order. That is half of the equation.

The world demand for oil will continue to grow. That is the other half of the equation.

The answer............................BIRD FLU !!!!!!!

_____________________________

turn left, your other left

(in reply to beepee)
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RE: Why when the government gets off the gas peoples b... - 1/15/2006 11:27:19 PM   
Jim Dines


 

Posts: 1343
Joined: 2/27/2002
From: Keller, TX, USA
Status: offline
quote:

ORIGINAL: PilotFighter
China now boast nearly 300 million automobiles.

Whatever you are drinking must be awesome. What is it, and where can I get some?

(in reply to PilotFighter)
       Post #: 4

RE: Why when the government gets off the gas peoples b... - 1/16/2006 3:50:29 AM   
Rcpilot


 

Posts: 6534
Joined: 3/20/2002
From: Arvada, CO, USA
Status: online 		There are currently only 3,900,000 vehicles in China. Unless my math is wrong.

http://news.nationalgeographic.com/news/2004/06/0628_040628_chinacars.html

3 cars per 1000 people in a country of 1.3 billion

_____________________________

Airplanes have expiration dates. It''s just not printed anywhere on them.
I''m not really an airplane pilot; but I did stay at a Holiday Inn Express last night.

(in reply to Jim Dines)
       Post #: 5

RE: Why when the government gets off the gas peoples b... - 1/16/2006 9:21:47 PM   
PilotFighter



Posts: 1985
Joined: 10/9/2002
From: Houston, TX, USA
Status: offline 		Oops, got my stats very wrong indeed. Even the sobrietly challenged caught that one.

Of course, you could wait until the year 2020 and then read my reply, that might work also.

Actually the two stats I confused were the population of the Chinese middle class and the number of autos. The Chinese middle class , as it is defined is about 300 million. It is projected that the Chinese middle class will be purchasing something like 20 million autos in the year 2020, very similar numbers to the US.

I wonder why so many news analyst consider China's energy needs to be a factor in the worlds oil supply ?
With these numbers, it would appear that it hasn't actually happened yet.

And another mistake I made : Apparrently Ford Motor Company now has a plant in China. Its about time.

< Message edited by PilotFighter -- 1/17/2006 1:31:38 AM >

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turn left, your other left

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       Post #: 6

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All Forums >> Radios, Batteries, Clubhouse and more >> Off Topic Forum - Planes/Helis >> Why when the government gets off the gas peoples back does the price jump back up?
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