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04-21-2008, 02:18 PM
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#4996
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Moderator
Join Date: Mar 2003
Location: Monty Capuletti's gazebo
Posts: 26,210
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Focus Group
Quote:
Originally posted by ltl/fb
Refinieries are still running pretty much full-out, right?
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Not in Russia. Putin's been manipulating the price for a long time. Nor is Iran running at full bore. I think the Saudis are, however. And, of course, Iraq is not.
No idea about Venezuela.
__________________
All is for the best in the best of all possible worlds.
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04-21-2008, 02:20 PM
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#4997
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Registered User
Join Date: Mar 2003
Location: Flyover land
Posts: 19,042
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Focus Group
Quote:
Originally posted by sebastian_dangerfield
Not in Russia. Putin's been manipulating the price for a long time. Nor is Iran running at full bore. I think the Saudis are, however. And, of course, Iraq is not.
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Refineries. Refineries. Not wells.
__________________
I'm using lipstick again.
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04-21-2008, 02:20 PM
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#4998
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Moderator
Join Date: Mar 2003
Location: Pop goes the chupacabra
Posts: 18,532
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Focus Group
Quote:
Originally posted by Tyrone Slothrop
I'm not saying that there's no redistribution involved at all, but I don't think that's where the biggest action is.
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Where is the action, then?
__________________
[Dictated but not read]
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04-21-2008, 02:22 PM
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#4999
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Moderator
Join Date: Mar 2003
Location: Pop goes the chupacabra
Posts: 18,532
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Focus Group
Quote:
Originally posted by ltl/fb
Refinieries are still running pretty much full-out, right?
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If not, they're crazy not to. Presumably because they're repairing stuff that they blew up.
__________________
[Dictated but not read]
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04-21-2008, 02:22 PM
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#5000
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Moderasaurus Rex
Join Date: May 2004
Posts: 33,057
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Focus Group
Quote:
Originally posted by ltl/fb
Refinieries are still running pretty much full-out, right?
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Demand for gasoline is pretty inelastic, but it's always someone else's fault that prices go up.
__________________
“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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04-21-2008, 02:22 PM
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#5001
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Moderator
Join Date: Mar 2003
Location: Pop goes the chupacabra
Posts: 18,532
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Focus Group
Quote:
Originally posted by ltl/fb
Refineries. Refineries. Not wells.
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right
__________________
[Dictated but not read]
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04-21-2008, 02:22 PM
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#5002
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Moderasaurus Rex
Join Date: May 2004
Posts: 33,057
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Focus Group
Quote:
Originally posted by Mmmm, Burger (C.J.)
Where is the action, then?
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On another thread, or it's about to be.
__________________
“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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04-21-2008, 02:26 PM
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#5003
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Moderator
Join Date: Mar 2003
Location: Podunkville
Posts: 6,034
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Focus Group
Quote:
Originally posted by Hank Chinaski
do you know people who are driving less right now? i don't. i did get a more fuel efficient car than i had previosly, but i'm not going back because they dropped gas taxes for a month.
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Good question. Most people in the US commute to work by car, so I don't think that there can really be much of a drop off. I wonder what the division is between commuting and recreational (or whatever you would call it) driving.
At any rate, I am pretty sure that the inelasticity of the demand for gas (oooh, am I saying that right, Burger? It's been a while since Econ 101) is a significant part of what led to the influx of more fuel efficient imports in the 1970s. As well as the creation of the Mustang II (". . . boredom zero!"), the Vega, and the Pacer.
What's a good liberal to do? I hired an unemployed illegal immigrant (she has papers, don't worry) to pull me around Podunkville in a rickshaw. Win win win.
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