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  #1  
Old 03-15-2011, 09:02 PM
pooleo pooleo is offline
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Default Disaster in Japan... question about oil price

So, any other time in history, big oil would have jumped all over raising fuel prices when this tsunami hit japan and the threat of nuclear meltdowns and that oil rig burning to the ground. However fuel holds a solid 3.65.

Did big oil grow a heart and say what a minute, because we had to jack up prices from libya and there BS, we can't possibly jack the prices again.

It just pisses me off, anything and everything is an excuse to raise prices, yet this HUGE thing happens and fuel dont go up a cent.

It just makes me feel like those "other" things are exactly that... EXCUSES. and in all actuality have no effect on oil price, just being used as an excuse.

WTF!!!!
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Old 03-15-2011, 09:05 PM
DiabloBlanco DiabloBlanco is offline
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Default Re: Disaster in Japan... question about oil price

in all reality oil shouldnt of gone up at all.
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Old 03-15-2011, 09:12 PM
ObsoleteE ObsoleteE is offline
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Default Re: Disaster in Japan... question about oil price

The oil price went up with Libya/Egypt because of the possibility of the Suez canal being compromised. Japan has nothing to do with the world's supply of oil.
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Old 03-15-2011, 09:14 PM
pooleo pooleo is offline
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Default Re: Disaster in Japan... question about oil price

^^^ I understand that, what I am saying is this. Had the libya thing never happend and nothing else was going on that would "effect" oil prices, I garun-damn-tee oil prices would have skyrocketed after these latest events.
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Quote:
A Gladiator does not fear death. He embraces it. Caresses it. Fucks it. Each time he enters the arena, he slips his c0ck in the mouth of the beast, and prays to thrust home before the jaws snap shut. - Oenomaus
Ball Joints/Upper A-Arms How To
Replace Door pin/bushing
Repair broken dome light tabs
VIDEO OHC Install
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  #5  
Old 03-15-2011, 09:17 PM
ObsoleteE ObsoleteE is offline
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Default Re: Disaster in Japan... question about oil price

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Originally Posted by pooleo View Post
^^^ I understand that, what I am saying is this. Had the libya thing never happend and nothing else was going on that would "effect" oil prices, I garun-damn-tee oil prices would have skyrocketed after these latest events.
I doubt it. Oil didn't go up after the New Orleans crisis.
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Old 03-15-2011, 09:23 PM
pooleo pooleo is offline
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Default Re: Disaster in Japan... question about oil price

are you talking about katrina...?

http://business.timesonline.co.uk/to...icle560389.ece
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A Gladiator does not fear death. He embraces it. Caresses it. Fucks it. Each time he enters the arena, he slips his c0ck in the mouth of the beast, and prays to thrust home before the jaws snap shut. - Oenomaus
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Replace Door pin/bushing
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VIDEO OHC Install
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  #7  
Old 03-15-2011, 09:27 PM
ObsoleteE ObsoleteE is offline
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Default

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I stand corrected. As I give katrina more thought, I remember a busy US port was compromised. Bad example I guess. I still stand by my original opinion.
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  #8  
Old 03-16-2011, 03:40 AM
dvrich dvrich is offline
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Default Re: Disaster in Japan... question about oil price

If the scumbag oil speculators on wall street have a chance to screw this country....they do it. Last I checked the price of oil futures dropped after this happened.
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Old 03-16-2011, 05:40 AM
ColinS ColinS is offline
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Default Re: Disaster in Japan... question about oil price

since the japan thing happened here we dropped 10 cents in gas price from 3.59 to 3.49

persoanlly i think all they do is make up excuses cause they hate us
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  #10  
Old 03-16-2011, 06:00 AM
Ranger Sport Ranger Sport is offline
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Default Re: Disaster in Japan... question about oil price

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Originally Posted by dvrich View Post
If the scumbag oil speculators on wall street have a chance to screw this country....they do it. Last I checked the price of oil futures dropped after this happened.
They are the only reason why oil goes up.

When the arabs dropped prices on several occasions over export to stimulate world economy, oil companies still raised them.


Btw, Japan oil demands dropped to an all time low, so companies should have massive surplus. I doubt they'll drop prices, they'll just find another obscure country at war that has nothing to do with the industry to blame for another raise.


Grr


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  #11  
Old 03-16-2011, 06:37 AM
merlin215 merlin215 is offline
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Default Re: Disaster in Japan... question about oil price

Gas is traded on the stock exchange every day , so investors use it as a cash tool to make money . when any event occurs , it usually means people either invest in oil or sell it depending on what happens . Just a way to make a quick buck . Gas/Oil co's like exxon and BP , and chevron etc . Make the money when the oil goes higher , but also the investors make money as well when the price goes up .

Brief explaination as to why prices go up so quickly and down takeas longer . More to it than this but a basic description !
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  #12  
Old 03-16-2011, 11:07 AM
dryin dryin is offline
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Default Re: Disaster in Japan... question about oil price

hell in florida the prce went down 3 cent japan thing happend
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  #13  
Old 03-16-2011, 11:22 AM
08Ranger Sport 4x4 08Ranger Sport 4x4 is offline
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Default Re: Disaster in Japan... question about oil price

I just find it funny that we have enough oil in the US alone to keep us going for the next 800 years (just in the US and with the current growth rate)... but they'd rather import it, jack the price and tax the shit out of it.
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  #14  
Old 03-16-2011, 11:37 AM
Sloan Sloan is offline
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Default Re: Disaster in Japan... question about oil price

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Originally Posted by ObsoleteE View Post
The oil price went up with Libya/Egypt because of the possibility of the Suez canal being compromised. Japan has nothing to do with the world's supply of oil.
This is true Japan is not a producer of crude. The reason it could affect the price of oil is because it is fuel in the short run has a fairly inelastic demand meaning that the price does not affect the quantity of oil based products sold. for example, you arent going to sell or stop driving your ranger if the price of gas goes up tomorrow, you are going to suck it up, in the long run you may considering getting rid of it for something easier on gas. So in short the price will go up for the same reason that the price goes up during long weekends. They know that we will pay

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Quote:
Originally Posted by 08Ranger Sport 4x4 View Post
I just find it funny that we have enough oil in the US alone to keep us going for the next 800 years (just in the US and with the current growth rate)... but they'd rather import it, jack the price and tax the shit out of it.
You mean negative growth right? lol jokes man just and ignorant canadian talking
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  #15  
Old 03-16-2011, 11:39 AM
08Ranger Sport 4x4 08Ranger Sport 4x4 is offline
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Default Re: Disaster in Japan... question about oil price

lol sloan, idk about the growth rate. positive or negative. either way, still have plenty of crude around.
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