Tennessee, wow, what a beautiful state. Just got back from a vacation "back East". Spent 4 days in Nashville, then flew to DC and took the amtrack all the way to providence R.I. Drove around the countryside outside of Nashville, beautiful little 5-10 acre "ranches". The prices were astronomical though. It was about 6-8 weeks ago and gas wasn't 1.40 or under, I'm pretty sure it was over 3.00 most places.
hey..thats where I live, the countryside outside nashville...you should have stopped by...
Wrong.
Obama, McCain, Bush, Cheney, Biden (especially Biden, worthless architect of the War on Drugs!), Palin, etc are all controlled by the companies. Not necessarily just oil companies, but those are the big guys right now so for the most part it is.
There will be a drop in prices, but it may not be much. Large market fluctuations like this will cause market instability, which results in consumer prices near the higher end of the scale. All the people involved in shipping and processing consumer goods have more risk in an unstable market, and thus will give themselves higher profit margins when their prices are low. Think about it, if you were a storekeeper, you'd give yourself a little extra profit when your costs were unusually low, so you could ride it out when the prices go back up. But if the prices stay low, then you end up competing with other stores and thus have to lower your prices too in order to compete.
You do, of course. BUT, on the bright side, you have all of that "free" medical care to make up for it.
Well there is more than just the supply and demand, some people (speculators) went and create fake demand and drove the prices up. There was an article about how in either June or July 30% of the outstanding Oil Contracts were all held by a single company that was doing nothing more than Speculating.
Exactly. I said this a few times on this forum. It was mostly the wall street speculators, that same bunch of crooks that have bankrupted us. From what I see of Wall street, they are a very unscroupulous bunch of greedy thieves, that care nothing about the commodities of which they trade, only if they can make a few bucks in the trade. I'm almost to the point of thinking that closing wall street may be a good thing. Why should a few bright people be allowed to make money out of thin air?
But that's all money is, thin air, created by the collective belief that it has to have value...
Could be, but without it, I'd have no home, no electricity to light and power said home, no fuel to operate my vehicles, no food, etc. It's just that these vermin add air to the mix as they do nothing but take money right out of the transaction. They do not produce anything but hot air, kinda like all those executives with failing companies that are begging for handouts from us, the lowely taxpayer. They are vermin, vultures, ripping flesh off our bones.
