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General Discussion >> Disaster Forum

Chesapeake Phil
Verified CFHC User


Reged: Thu
Posts: 12
Loc: Betterton, MD
Re: Katrina Domino Effect
      Wed Aug 31 2005 10:59 PM

Quote:

I wonder....with the gas prices going up, the price per barrel of oil going up...who stands to gain from that? Obviously we as the consumer don't, but what about shareholders/stockholders of companies (exxon,mobile,amoco, etc...) don't they get a big chunk of change in their pocket? I am novice when it comes to gas and stocks, etc...so i am just wondering.....maybe some of you know. Like for example - who is in charge of raising the price per barrel? Why are they allowed to go so high as to make us have to pay over 3.00 a gallon?? Any ideas?? Hell, when they reported it on some of the news channels, they talked with a smirk...know what i mean? They seemed to have restrained jubilation about oil being over 70.00 a barrel and a gallon of gas maybe costing 3.00 or more. What in the hell??




I can't answer a lot of your questions, but the US market price of a barrel of crude oil actually FELL slightly today on word that the US Government is taking steps to increase supply. The problem now is a) refining the oil and b) distributing the gasoline. We are not on the verge of running out of oil. The market price of crude would have continued to skyrocket today if that was the case. The worries now are keeping up with the demand for gasoline (exacerbated by panicked runs on gas in certain areas) while having fewer refineries to work with and fewer ways to transport the gasoline. That's why, oddly, the price of crude oil could go down again tomorrow, while the wholesale price of a gallon of gas could go up.

The good news is that at least one of those major pipelines (someone posted a link earlier) is at least beginning to start back up, albeit at a lower-than-normal capacity.

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Entire topic
Subject Posted by Posted on
* Katrina Domino Effect MikeCAdministrator Wed Aug 31 2005 10:59 PM
. * * Re: Katrina Domino Effect BTfromAZ   Sun Sep 04 2005 12:13 AM
. * * Re: Katrina Domino Effect AmateurJohn   Thu Sep 01 2005 11:31 AM
. * * Re: Katrina Domino Effect Katie   Thu Sep 01 2005 12:09 PM
. * * Re: Katrina Domino Effect DebbiePSL   Thu Sep 01 2005 11:41 AM
. * * Re: Katrina Domino Effect Littlebit   Thu Sep 01 2005 11:48 AM
. * * Re: Katrina Domino Effect Atlanta   Thu Sep 01 2005 12:06 PM
. * * Re: Katrina Domino Effect DebbiePSL   Thu Sep 01 2005 12:09 PM
. * * Re: Katrina Domino Effect Katie   Thu Sep 01 2005 12:15 PM
. * * Re: Katrina Domino Effect DebbiePSL   Thu Sep 01 2005 12:36 PM
. * * Re: Katrina Domino Effect Mongo   Thu Sep 01 2005 11:17 PM
. * * Re: Katrina Domino Effect MsWickedWitch   Fri Sep 02 2005 07:58 PM
. * * Re: Katrina Domino Effect robynsmom   Sat Sep 03 2005 09:49 PM
. * * Re: Katrina Domino Effect DebbiePSL   Thu Sep 01 2005 12:39 PM
. * * Re: Katrina Domino Effect dani   Thu Sep 01 2005 01:47 PM
. * * Re: Katrina Domino Effect Domino   Thu Sep 01 2005 02:32 PM
. * * Re: Katrina Domino Effect kerriann   Thu Sep 01 2005 05:41 PM
. * * Re: Katrina Domino Effect LizL   Thu Sep 01 2005 02:16 PM
. * * Re: Katrina Domino Effect Sadie   Thu Sep 01 2005 12:00 PM
. * * Re: Katrina Domino Effect Ryan   Thu Sep 01 2005 11:38 AM
. * * Re: Katrina Domino Effect THROWIN   Thu Sep 01 2005 06:30 AM
. * * Re: Katrina Domino Effect Margie   Thu Sep 01 2005 07:33 AM
. * * Re: Katrina Domino Effect mojorox   Thu Sep 01 2005 12:41 AM
. * * Re: Katrina Domino Effect Christine HAdministrator   Sat Sep 03 2005 10:31 PM
. * * Re: Katrina Domino Effect Girlnascar   Wed Aug 31 2005 10:28 PM
. * * Gas Prices Anton Ross   Wed Aug 31 2005 10:36 PM
. * * Re: Katrina Domino Effect Girlnascar   Wed Aug 31 2005 10:03 PM
. * * Re: Katrina Domino Effect Sheeper   Wed Aug 31 2005 10:13 PM
. * * Re: Katrina Domino Effect weatherwatcher2   Wed Aug 31 2005 10:09 PM
. * * Re: Katrina Domino Effect Girlnascar   Wed Aug 31 2005 10:21 PM
. * * Re: Katrina Domino Effect weatherwatcher2   Wed Aug 31 2005 10:24 PM
. * * Re: Katrina Domino Effect VandyBrad   Wed Aug 31 2005 10:26 PM
. * * Re: Katrina Domino Effect VandyBrad   Wed Aug 31 2005 10:14 PM
. * * Re: Katrina Domino Effect John C   Thu Sep 01 2005 09:55 AM
. * * Re: Katrina Domino Effect Girlnascar   Thu Sep 01 2005 12:03 PM
. * * avitar Katie   Thu Sep 01 2005 10:50 AM
. * * Re: Katrina Domino Effect weatherwatcher2   Wed Aug 31 2005 10:22 PM
. * * Re: Katrina Domino Effect Sheeper   Thu Sep 01 2005 08:12 AM
. * * Re: Katrina Domino Effect Ed in Va   Thu Sep 01 2005 08:57 AM
. * * Re: Katrina Domino Effect Katie   Thu Sep 01 2005 09:38 AM
. * * Re: Katrina Domino Effect Anton Ross   Wed Aug 31 2005 09:40 PM
. * * Re: Katrina Domino Effect ronald   Sat Sep 03 2005 06:22 PM
. * * Re: Katrina Domino Effect Chesapeake Phil   Sat Sep 03 2005 08:39 PM
. * * Re: Katrina Domino Effect Londovir   Wed Aug 31 2005 10:26 PM
. * * Re: Katrina Domino Effect WhiskyMich   Thu Sep 01 2005 08:19 PM
. * * Re: Katrina Domino Effect laureinfl   Thu Sep 01 2005 06:08 AM
. * * Re: Katrina Domino Effect Girlnascar   Wed Aug 31 2005 10:43 PM
. * * Re: Katrina Domino Effect damejune2   Wed Aug 31 2005 10:47 PM
. * * Re: Katrina Domino Effect Chesapeake Phil   Wed Aug 31 2005 10:59 PM
. * * Re: Katrina Domino Effect Girlnascar   Wed Aug 31 2005 10:58 PM
. * * Re: Katrina Domino Effect LI Phil   Thu Sep 01 2005 12:06 AM
. * * Re: Katrina Domino Effect MikeCAdministrator   Wed Aug 31 2005 10:51 PM
. * * Re: Katrina Domino Effect Sheeper   Wed Aug 31 2005 09:33 PM
. * * Re: Katrina Domino Effect LI Phil   Wed Aug 31 2005 09:44 PM
. * * Re: Katrina Domino Effect Katie   Wed Aug 31 2005 09:52 PM
. * * Re: Katrina Domino Effect VandyBrad   Wed Aug 31 2005 10:00 PM
. * * Re: Katrina Domino Effect Chesapeake Phil   Wed Aug 31 2005 09:32 PM

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