Comments on: Can’t Win For Losing

By: Bryan

Bryan — Thu, 01 Nov 2007 20:50:02 +0000

Actually, most of the “research” needed has been done and we have moved from science to engineering. They production costs need to come down, put that will only happen when the volume of production increases.

A lot of experiments need to be conducted to find the missing pieces, but we already know which pieces are missing and that’s the hard part.

By: Fallenmonk

Fallenmonk — Thu, 01 Nov 2007 11:21:50 +0000

It is still too cheap all things considered but here in Georgia it hit $2.909 yesterday. I imagine by the weekend it will be over three bucks. It was $2.699 on Monday. Another few bucks a gallon and we might see some investment in alternative transportation and some serious research into alternative energy sources.

By: Bryan

Bryan — Thu, 01 Nov 2007 05:22:38 +0000

That’s 12¢/gallon cheaper than here, today. The price has jumped a dime in the last week.

By: Steve Bates

Steve Bates — Thu, 01 Nov 2007 04:18:26 +0000

Again in a fit of prescience, I wrote appropriate doggerel back in September 2004, when oil first peaked over $50 a barrel. That fact and $2.67 (or thereabouts) will get me a gallon of regular unleaded in my neighborhood... I can't run my car on doggerel.

By: Bryan

Bryan — Thu, 01 Nov 2007 02:56:54 +0000

The price of gasoline jumped up this week, supposedly in response to an increase in the price of oil, but the report says that the stock of gasoline actually rose 1.3 million barrels. The “law” of supply and demand says that this should cause the price of gasoline to fall, but oil and the corporations that deal in it don’t obey any laws. In addition the price is for oil delivered in December, so there is no change for the oil that has been delivered for refining today, but it is an excuse to raise prices.

Notice how everything is an excuse to raise prices.

While trying to deal with the mortgage crisis, the Fed is screwing up everything else. Send out the auditors and clean up this mess.

Instead of the Resolution Trust that was set up to clean up the S&L mess, Congress should create the Financial Inquisition with the power to use “enhanced interrogation” techniques on the officers and boards of the mortgage lenders. The guilty should be hung from gallows outside their corporate offices as an object lesson to others – real penalties for real crimes with millions of victims.

By: Keith

Keith — Thu, 01 Nov 2007 00:34:18 +0000

Why do I get the feeling it’s 1927 instead of 2007?

By: whig

whig — Wed, 31 Oct 2007 21:59:53 +0000

An interest rate cut means it’s cheaper to borrow money which theoretically increases inflation and causes prices to rise. Cetera paribus and all that.

By: Jack K., the Grumpy Forester

Jack K., the Grumpy Forester — Wed, 31 Oct 2007 21:48:31 +0000

…I never did apply myself properly to all those required economics classes in college. I blame that for being the reason I can’t come up with any useful understanding of why the drop in the prime would affect the price of crude…