Care to guess the cause?
Supply down, demand up?
Uh, no, as this article points out.
Gotta love the free market.
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Better than socialism, that’s for sure.
I guess Mafia control or taliban control would be better than “socialism” too?
And this from a guy who favors socialism/communism locally …
Chuckle.
It’s pretty clear by now that the oil commodities markets are prone to manipulation, which includes some lovely public relations work on television, radio and even in this very newspaper.
The shame in all this will come the day that demand actually does outstrip supply. No one will believe it, because we’ll all remember the days back in 08 when our wallets were under attack by profiteers.
But the gig appears to be up, doesn’t it?
Yeah, Ben I guess you can call it socialism that I support our local amenities such as parks, bike paths, public swimming pools, libraries, multi-purpose arena (I know that is what you are referring to), police & fire, and oh yeah, and a new airport terminal.
Ben, the IBA was voted on and passed by a majority of the voters in Sedgwick County. You can cry about that they misled about parking, construction cost and etc all you want, it’s a done deal and the people of our community wanted it by voting in favor of it at the ballot box. I have no problem with it.
With local and state government, you can choose to stay or leave based upon your wants and needs. But the Federal Government is different, because it mandates local governments and supersede any decision that is done locally and there isn’t much of a choice, unless you want to leave the USA. The 10th Amendment of the Constitution means something to many people.
Chuckle
Mr. Bill, you do know that Koch Industries trades in the oil futures market. So are you calling one of the great employers in our area an evil profiteer and price manipulator? Are you being hostel to Koch Industries?
Just last week you were saying that supplies were up and demand was down, now you are saying supplies are down and prices are going up?
Rouge traders get caught, put in prison and the trading firms loose money. That is the market punishing those who try to screw with it. You are always going to have rouge traders, just like there is always going to be murderers and leftist. I have complete confidence in the free market and the justice system. But I have no confidence in leftist governments, because they try to manipulate the market and the economy to bring about a social agenda that always has negative consequences.
Just watch what you call a ‘profiteer’, because I’m sure The McClatchy Company is always striving for a profit. So they are profiteers as well, and without profits, there is no Wichita Eagle. Oh wait… I forgot, you probably believe the Obama will save you. LOL.
Mr. Bill, you’re alright.
On a side note: Anybody catch ‘Talk of the Nation’ on NPR about oil supply and demand in the near future? Good stuff.
In the near term oil supplies will likely be suffucient. In the long term, however, we will surely wish we had planned for tight supplies.
Yes, we will.
And we’ll wish down the road that greed hadn’t overcome the best interests of America, I suspect.
Two Questions:
Define greed?
Would you consider the government greedy?
About the long term prospects of oil supplies, I have faith that the American people, the private sector and the markets will provide solutions to the energy problem. Government? Well, in the past several decades they haven’t done anything to help the situation and under the Democratic Party Government and Obama I have no faith they will either. They’ll pay lip service to it, but their only goal is short-term and only to keep their politicians in power.
Republicans and Democrats aren’t creative enough and the government bureaucracy is too slow, wasteful and too embedded with cronyism to make anything work.
We are going to have to work together as a community (without government dependency) and let the markets run to make things happen.
Ben and Bill, I know you are leftists, but we cannot go full blown into socialism. We are going to have to have some of it, but you are also going to have to accept capitalism in the mix if we are all going to get through this. Full blown capitalism isn’t the answer and full blown socialism isn’t the answer either. We have to meet in the middle.
I know you guys are ideologically bound, but if we tip the scale too much to the left, it will be disastrous.
Joe! Have you ever worked in the oil cartel? As the extreme rightist that you are I would guess that you would fit right in! And Joe! As a small business owner I AM a capitalist!
I know you are ideologically bound to the extreme riget, but if we tip too far to the right, it will be disaterous.
“government bureaucracy is too slow, wasteful and too embedded with cronyism to make anything work.”
Which explains why se failed to put a man on the moon in the 1960s.
Well Ben, I’m not a rightist, and that is always your typical and childish response. You just mock people’s postings. It’s trolly. Fail! Try again.
You should ask; Why we have not been to the moon since? The only reason why we went to the moon is just to beat the Soviets to it. Once that happened, the government didn’t care anymore. NPR’s “Science Friday” had a great piece on this.
I see you fail to answer the question; Define greed?
You are really funny Joe! You complain about me labeling you a rightist (calling it ‘typical and childest’) but you similarly label a small business owner a ‘leftist’. I had hoped that perhaps you would have had the intellectual maturity and honesty to see your own words reflected in mine. Perhaps if you would mature a bit and quit your childish behavior in labeling people who disagree with you as ‘leftist’ or whatever then perhaps the ‘favor’ might not be returned in kind.
Define greed – that is a difficult one. I don’t deny it. I will say the same about ‘profiteer’ vs ‘profit.’ After all, I seek to make a profit in my business. I think I would say the line to ‘profiteer’ cpmes when it os taken to an extreme. For example – if I had the only clean water in post-Katrina New Orleans and charged $100 a bottle. The usual examples we study in Econ were the ‘robber barons’ of the 19th Century. I think we also see it with some of the corporate executives who screw over both their customers AND their stockholders.
In Econ we spent a lot of time stugying oligopolies – they would often be other exmaples.
Again Joe! – if you don’t like being ‘labeled’ then pergaps you should not practice it so freely.
BTW Joe! – I only mock that which needs to be mocked. You false labeling deserved to be mocked.
The best final line for BOTH of us would be “if we tip too far either right OR left it will be disasterous.”
I noticed an interesting little tidbit in the polls about Sotamayer: Her approval is highest among independents. Republicans think she is too liberal; many Democrats think she it too CONSERVATIVE. I think that is a reflection of the polarization in the country today – a centrist is labeled either ‘leftist’ or ‘rightist’ depending on who is doing the labeling. Thus you label a business reporter and a small business owner as ‘leftists’.