Article

2004-10-14 Home Front: Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Mark Espinola 2004-10-14 4:00:21 AM|| || Front Page|| [3 views since 2007-05-07] Top

#1 Of course refining capacity hasn't changed for nearly a decade in the US, so the amount of oil that can be imported is still a finite factor. Its the competition with growing demand by other consumers countries that will keep the price rising till other known oil reserves become economical to tap again.

Posted by Don 2004-10-14 9:13:44 AM|| 2004-10-14 9:13:44 AM|| Front Page Top

#2 My "commodities" guy says that speculators are behind a big portion of the price rise. Apparently the costs of speculating, fees, whatever, are lower for oil than for just about any other commodity.

Gas at the pump last night was $2.189 for 87 octane.

Posted by Chuck Simmins 2004-10-14 10:03:28 AM|| [http://blog.simmins.org] 2004-10-14 10:03:28 AM|| Front Page Top

#3 Last night there was a fire at a local refinery. That should translate into, ohhh say, another ten cent increase per gallon at the pumps.

It's them "fears", you know.

Posted by Bomb-a-rama 2004-10-14 12:38:56 PM|| 2004-10-14 12:38:56 PM|| Front Page Top

#4 This is just election jitters. Besides, everyone says this is "So horrible!", but how much would you be paying at the pump if it was the high prices of Carters Administration? Counting inflation, around $5-$6 dollars I think. Really isn't as bad as it's made out to be.

Posted by Charles 2004-10-14 12:54:07 PM|| 2004-10-14 12:54:07 PM|| Front Page Top

03:06 YouLove6334
01:38 Unains Elmeper5354
01:37 Unains Elmeper5354
01:37 Unains Elmeper5354
01:36 Unains Elmeper5354
01:36 Unains Elmeper5354
14:28 YouLove6334
14:18 YouLove6334
03:08 YouLove6334
03:35 YouLove6334
03:38 YouLove6334
03:32 YouLove6334
15:24 CrazyFool
15:16 Elmoling Elmenter5811
07:56 Shipman
01:50 lex
00:36 Beau
00:34 Kalle (kafir forever)
00:15 mojo
23:59 Chinese Unomoger1553
23:58 Fred
23:55 Stephen
23:51 Zenster
23:49 Floting Elminelet7175