03-16-2003, 11:19 PM
[cool]Now you are talking about a pet peeve...next to the price of food. I know folks in the wholesale oil and gas business who have confirmed that they raise prices at the pump far in advance of any higher priced oil hitting the refineries. If Saddam sneezes, we pay more at the pumps.
The awful flip side of that is when crude oil prices drop, the refineries do not pass the savings along until well after they have disposed of their higher priced stocks. Even then, price drops do not keep pace with the drops on a barrel of crude.
Don't know if you have any investments in oil stocks, or if you follow the profit pictures of the major players, but you can be assured that they are not suffering proportionate to the general public and to many industries that rely on plentiful and affordable fuel to operate.
I just hope the impending "action" in Iraq doesn't affect the price of burritos. That's my source of natural gas for propelling my Super Fat Cat across the waters. Plenty of oil premixed in 'em too. No fancy mix ratios necessary. But, they do tend to foul my plugs...nose plugs that is. Maybe I should see if I can pick up one of those new model gas masks everyone is raiding the surplus stores for.
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The awful flip side of that is when crude oil prices drop, the refineries do not pass the savings along until well after they have disposed of their higher priced stocks. Even then, price drops do not keep pace with the drops on a barrel of crude.
Don't know if you have any investments in oil stocks, or if you follow the profit pictures of the major players, but you can be assured that they are not suffering proportionate to the general public and to many industries that rely on plentiful and affordable fuel to operate.
I just hope the impending "action" in Iraq doesn't affect the price of burritos. That's my source of natural gas for propelling my Super Fat Cat across the waters. Plenty of oil premixed in 'em too. No fancy mix ratios necessary. But, they do tend to foul my plugs...nose plugs that is. Maybe I should see if I can pick up one of those new model gas masks everyone is raiding the surplus stores for.
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