Posted by Noveau67 on February 13, 2009, 12:22 pm
Well, it was nice to see gas plummet down to $1.57. The "pump and
dump" folks on Wall Street made their money on the up tick, and also
on the down tick, via shorting, and knowing in advance when to short
it, of course.
Now the oil companies are openly admitting they are REDUCING THE
SUPPLY of gas they are refining, in order to get the price up. There
was an article in Yahoo Finance about it.
They are getting away with it again. They act together to reduce the
supply. All one big happy greedy family.
.
Posted by John A. Weeks III on February 13, 2009, 3:21 pm
In article
Noveau67@aol.com wrote:
> Well, it was nice to see gas plummet down to $1.57. The "pump and
> dump" folks on Wall Street made their money on the up tick, and also
> on the down tick, via shorting, and knowing in advance when to short
> it, of course.
You forgot to tell us how capitalism is bad and why you prefer
communism or totalitarian systems of government.
-john-
--
======================================================================
John A. Weeks III 612-720-2854 john@johnweeks.com
Newave Communications http://www.johnweeks.com
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Posted by Bay Area Holdout on February 14, 2009, 7:20 pm
> Well, it was nice to see gas plummet down to $1.57. The "pump and
> dump" folks on Wall Street made their money on the up tick, and also
> on the down tick, via shorting, and knowing in advance when to short
> it, of course.
> Now the oil companies are openly admitting they are REDUCING THE
> SUPPLY of gas they are refining, in order to get the price up. There
> was an article in Yahoo Finance about it.
> They are getting away with it again. They act together to reduce the
> supply. All one big happy greedy family.
In the 10 days since my last fill-up(we get 40mpg in our car), price at the
same station went UP another 14 cents. These increases (now 60 cents a
gallon in about two months at this station) will most certainly have an
impact on Detroit needing more bailout bucks and other kinds of stimulus(I
hate that word). Looking at another rough summer for vacation spots if these
prices continue to rise back to north of $2.50 a gallon or more on top of
everything else.
BAHO
Posted by Fring on February 16, 2009, 8:20 pm
> > Well, it was nice to see gas plummet down to $1.57. The "pump and
> > dump" folks on Wall Street made their money on the up tick, and also
> > on the down tick, via shorting, and knowing in advance when to short
> > it, of course.
> > Now the oil companies are openly admitting they are REDUCING THE
> > SUPPLY of gas they are refining, in order to get the price up. There
> > was an article in Yahoo Finance about it.
> > They are getting away with it again. They act together to reduce the
> > supply. All one big happy greedy family.
> In the 10 days since my last fill-up(we get 40mpg in our car), price at the
> same station went UP another 14 cents. These increases (now 60 cents a
> gallon in about two months at this station) will most certainly have an
> impact on Detroit needing more bailout bucks and other kinds of stimulus(I
> hate that word). Looking at another rough summer for vacation spots if these
> prices continue to rise back to north of $2.50 a gallon or more on top of
> everything else.
> BAHO
I think gas prices are going up around the world.
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> dump" folks on Wall Street made their money on the up tick, and also
> on the down tick, via shorting, and knowing in advance when to short
> it, of course.