just wait till the truckers get pissed off and shut down their rigs.
People will get a wakeup call then.
OK Don wrote:
It's got to be the middle men -- everything else is going down, while
Diesel is still rising.
"Light, sweet crude for November delivery slipped 45 cents to settle
at $62.63 a barrel on the New York Mercantile Exchange. Front-month
crude futures are down 10 percent from their record settlement price
of $69.47 on Sept. 1."
"Heating oil futures declined by 4.69 cents to to $1.95 per gallon."
From http://www.msnbc.msn.com/id/5612507/
On 10/16/05, Rich Thomas <[EMAIL PROTECTED]> wrote:
Prices for oil and distillates are not set by oil companies.
Prices are set by traders and such in New York City, London, Hong Kong,
etc. based on who knows what factors. They are the ones you can blame.
They are making huge amounts of money off all of us.
Oil companies do make a lot more profits when the prices go up, you
might want to play the energy stock markets, but they do not set the
prices. Intermediaries control a lot of wholesale pricing too, and in
Boston I recall some years ago that the downstream tank farmers were
screwing with prices to the retail guys, pissing them off to no end as
they had to catch the flack from customers, and they were not making any
more profit than they ever did (a few cents a gallon). There was never
any local investigations of this behavior or politicians crying out,
though it was well known who the screwers were.
I saw in the paper (the Houston paper, covers the "all bidness" more
than most, given we are the center of it) that heating oil stocks were
quite adequate at this time in the NE, no less than last year, but quite
a bit more expensive (about a dollar a gallon I think).
So the question is why the price is high for heating oil and diesel, and
the traders are the ones who could answer that. Or perhaps politicians
but I doubt that (some/many like higher prices to promote business or
social or political agendas or whatever, would never admit it, and that
right there just about covers the whole spectrum of political types).
Let us know what they say, if any of it makes any sense that is
understandable, even to them.
--R
Hendrik Riessen wrote:
--
OK Don, KD5NRO
Norman, OK
'87 300SDL, '81 240D, '78 450SLC
The FSM created the Diesel Benz
http://www.venganza.org/
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