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Date: Sat, 28 Jun 2003 16:54:04 -0700
From: B&D <NO_SPAMnopsamCOM>
Subject: Re: Why aren't gas prices dropping?


On 6/28/03 3:37 PM, in article 005sfvk812u89ql3n4bri7poltb31mjaslnopsamcom, "'nuther Bob >" <<nonenopsam.com> wrote: >> from a prewar price of about US$2.30 per gallon of premium (hey, I drive a >> Saab Aero, so premium it is) to about US$2 >> now. > > That's because you live in a state where they pump oil. You have to > move to a state where they import all their oil (like MA) to get a > lower price, $1.63 to $1.79 for premium. Of course, if I want > really low prices you can drive 200 miles inland from the port to > Vermont, where the gas is about $1.50 for premium. It all makes > sense, as long as you look at it in a mirror. I know a lot of businesses charge different rates for their products depending upon competitive conditions and the general wealth of the area codes or zip codes they market in. IN the SF Bay area, we are used to this and call it is "Bay Area Premium" - since prices for just about everything are at least 10% higher than in the rest of the nation. Gasoline appears to be 15% or higher than even Southern California. >>> As always, big business wins. That's been true for 5,000 years. >> Well, not 5000 years - try 150 years. > > Naw, it started in the biblical times. Take some land, steal some > key trade routes, etc. Big business and government were in bed > together then, their in bed together now. It's just more formal > these days. I think that government and religious organizations had most of the money and kept it that way. I suppose if you slightly modify your statements to "the elite" or "those in power" then I would agree wholeheartedly! >> Well, before the limited liability ownership rules created in the mid-19th >> century, there weren't particularly large firms and concentrations of >> capital anywhere - the "big" in "big business" did not exist until the >> railroad companies were founded in the 1800's (first use of the new rules). > > True, but (as a US example) why do you think we even had a > Revolutionary War ? Take a look at the signers of the > of the Declaration of Independence. Businessmen mostly. Small frys compared to governments and equivalent interests. They were all plantation owners - farmers. >Or, you > can apply the same model to the King of England... you don't take > land and property for philosophical reasons, you take it for > business reasons. How about all those explorers in the late > 1400 & 1500's. All financed as part of a business/government > venture. Go back to the Romans, etc. I see your point. I was assuming 'big business' was 'big corporations' - but clearly you didn't mean that at all! Mea Culpa! >> Yup - just like any company will never willingly drop their profits. Oil >> isn't special in this regard. > > Yea... I have to laugh when I hear people claim that we *need* to > drill for oil in Alaska. They've been seriously brainwashed into > thinking that somehow *they* will benefit from the oil companies > drilling for oil in Alaska. LOL. You can be for or against the > drilling, but please don't think that any oil company will ever > sell barrels of oil below market rates just because they pumped it > on US soil. Just read an article in "the Economist" magazine [online site] - they talked about the tarry sand in Canada that has reserves in refinable, extractable oils nearly as large as Saudi Arabia - only problem is that the extraction process (I assume it is a cheaper variation of the oil shale stuff in the 1970's) will set their price floor to about $12 per barrel. Saudi base production prices are lower than that, so this would be a good hedge of prices going much above $25 or so per barrel.

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