Edition 719 Auto Gruppe

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Volkswagens on the Green May 20th. Meet at the Walmart parking lot on North Academy and Jamboree at 7:30am for the drive up.


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Author Topic: With gas prices on the rise...  (Read 391 times)

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Brahma

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Re: With gas prices on the rise...
« Reply #25 on: August 14, 2008, 02:17:54 PM »

I am not proposing anything.  I am saying that speculation is probably the biggest contributor to the oil prices being what they are and to a large degree why the value of the dollar fell as well as a few other economically related items.  Bottom line is that if speculation were to be something that could not be factored in to pricing or the economy in general, I think you would see a more stable economic status for the US and lower pricing on oil.  If you even look at how bad speculators are about domestic oil you will see what a joke they are.  Alaska was only supposed to supply 6 billion barrels of oil period according to speculators in the 70's and as of now it has produced roughly 14 billion barrels.  I personally believe that the US needs to stop listening to a bunch of wild guesses from so called experts and start doing a little more research before forcing the economy in to a downward spiral. 
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VWO4L

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Re: With gas prices on the rise...
« Reply #26 on: August 14, 2008, 03:18:37 PM »

I'm not saying you are 100% wrong, but there's a huge flaw in your argument.  Speculation is a big part of a free market.  You speculate about things all the time in your daily life.  That's why I'm saying there's really no alternative. 

Whevnever you are allowing people to freely exchange goods and services, you are introducing into it their ability to speculate about the future supply of those goods and services.





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Brahma

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Re: With gas prices on the rise...
« Reply #27 on: August 15, 2008, 09:30:57 AM »

You have to admit though...indiv idual specualtion versus so called "experts" speculation causing financial pitfalls for an entire country. lol.  I think there are certain parts of financial aspects that you just can't speculate on.  Natural resources being a huge one. 
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