View Full Version : http://www.huffingtonpost.com/jamie-court/hot-gas-shorting-driver_b_28625.html
http://www.huffingtonpost.com/jamie-court/hot-gas-shorting-driver_b_28625.html
A few problems with the above take (just like almost everything on Huffington has problems):
http://okoboji.unh.edu/punsalad
Spider
09-06-2006, 08:26 AM
meh .... 2 idiots spouting off ......... Like we dont see enough of that here ........
"punsalad" is not an idiot...
Spider
09-06-2006, 08:31 AM
"punsalad" is not an idiot...
Sure he is .........
Put it this way - he's far less of an idiot than you are, Spider.
It's awful early for you to be so pissy - something "extra" in your Corn Flakes this am?
Spider
09-06-2006, 08:41 AM
Put it this way - he's far less of an idiot than you are, Spider. I am hurt ......... think I will drink a bunch of Nyquill to get over this ............
It's awful early for you to be so pissy - something "extra" in your Corn Flakes this am?
actually I am in a damn good mood ......
Methinks the Vicodin doth protest too much.
Spider
09-06-2006, 09:10 AM
Methinks the Vicodin doth protest too much.
you think ? Hilarious! .. thats a good one
alkemical
09-06-2006, 10:05 AM
http://www.huffingtonpost.com/jamie-court/hot-gas-shorting-driver_b_28625.html
A few problems with the above take (just like almost everything on Huffington has problems):
http://okoboji.unh.edu/punsalad
I have a problem with this statement:
Because gasoline prices are set by supply and demand, not by tweaks to the pricing scheme.
We all know that if we consumers didn't purchase gas, they'd raise the price anyway to conver less people using it. This isn't ipods where you can 'do without'. That's where punsalados fails.
But they oil companies did make over $100 billion, so what's only 2.3 billion out of that. chump change Eyse Tellsya.
I have a problem with this statement:
Because gasoline prices are set by supply and demand, not by tweaks to the pricing scheme.
We all know that if we consumers didn't purchase gas, they'd raise the price anyway to conver less people using it.
Why? How does raising the price, given a fall in demand, work?
alkemical
09-06-2006, 10:47 AM
Why? How does raising the price, given a fall in demand, work?
It doesn't unless it's a 'can't do without' commidity like oil and water. Since our economy is petrol driven - with no real alternatives - we have to pay what the market says we have to.
L.A. BRONCOS FAN
09-06-2006, 04:00 PM
Jeez, can't you edit your thread title down to something shorter, W*GS?
It's messing up the main page.
alkemical
09-07-2006, 02:25 PM
It doesn't unless it's a 'can't do without' commidity like oil and water. Since our economy is petrol driven - with no real alternatives - we have to pay what the market says we have to.
yay or nay wags?
It doesn't unless it's a 'can't do without' commidity like oil and water. Since our economy is petrol driven - with no real alternatives - we have to pay what the market says we have to.
Not quite. Notice the sales of gas-guzzling SUVs lately?
alkemical
09-07-2006, 02:45 PM
Not quite. Notice the sales of gas-guzzling SUVs lately?
Ahh, but now you are shifting away from the price of oil to peripheral items. you and i both know that we are more or less stuck on what the market DETERMINES WE PAY for oil. Supply/Demand doesn't have a whole lot on items that have no or very very little competition/alternative.
Supply/Demand doesn't have a whole lot on items that have no or very very little competition/alternative.
The demand for oil is fairly inelastic, true, but hardly completely inelastic.
How much gas would you buy at $100/gallon?
alkemical
09-07-2006, 03:13 PM
The demand for oil is fairly inelastic, true, but hardly completely inelastic.
How much gas would you buy at $100/gallon?
Enough to buy more shoes and a pack of dogs. ;)