I started reading Gruss' answer, and thought 'vagaries' was 'vagina'. When I realized it wasn't (didn't make much sense in context), I stopped caring.
Not a reflection on the quality of the response. Just sayin' :) On Wed, Jan 21, 2009 at 4:18 PM, Gruss Gott <grussg...@gmail.com> wrote: > > SS wrote: > > I was just wondering who, in Gruss' Laws of Responsibility, would be to > > blame. > > > > Well, if you want the full answer ... > > Normally I'd say the vagaries of the normal fuel supply chain. > > However with oil there's the gov't manipulation that we know about > such as taxes, refining capacity, et al, and the mucking about we > don't know about. So it's a special case. > > But right now in fuel supply chain we've also got a superfun > commodities play going on called ... everybody ... CONTANGO! > > Evvvverybooooody contango. > > Basically what this means is that investment banks are f'n you and > that's the most likely reason your price went up right now cause > otherwise it'd be going down; there's shitloads of crude just sitting > out in tankers doing a whole lotta nothing. > > Now as a conservative I'd say we want the gov't OUT of the fuel biz > but since it's so critical we can't do that. Without getting into > policy I'll just say this: > > Obama needs to get a an energy plan in place and hasn't had time to > yet so he's apparently decided to let everybody do the contango. > > Thus, it's Obama's fault. > > How's that? > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:286052 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
