Gas Prices

[Paladin]

Gas Prices Need to be Higher

I'm hoping gas prices rise to $1.50/L by the end of the summer. I want increased dividends from my oil stocks, so the oil companies need to significantly increase their profits.

 

[Papi Chulo]

Just wait until the full effect of these higher prices ripple throughout the rest of the economy... will cause virtually all consumer goods to increase in price

 

[tboy]

I'm hoping gas prices rise to $1.50/L by the end of the summer. I want increased dividends from my oil stocks, so the oil companies need to significantly increase their profits.

LOL this is exactly WHY gasoline is so expensive...people invest in crude and or the oil company's stock, then sell it at an inflated price. Since everyone lists their stock at a higher rate, the price of the crude goes up. One of the problems with this is (and other types of trades) is that while a select few get rich, the rest of us pay for it.

And yes, the high price of oil and fuel will increase the cost of ALL goods because, afterall, everything has to be shipped, raw materials have to be transported, etc.

And as for everyone switching to electric cars, does anyone remember the blackout a few years back and how we are currently at a peak where consumption is outgrowing production? Electric vehicles just transfer the pollution elsewhere........

 

[goodtime]

Goods like Oranges and Commodities are traded the same way. Remember Eddie' Murphy's Trading Places.

Fiber optic stocks have gone thru the roof but it doesn't make telephone or long distance more expensive. Higher stocks should bring down cost of goods, more $ for company to invest in equipement, R & D, distribution, etc.

Problem of high price is more a preceived shortage & 'geo-political tension'.

Electricity in Ontario mostly generated from the Falls & Nuclear, unlike U.S. with their Coal. Blackout likely to happen from generators shutdown. Think there's few Hydro experts here stated, OPG, ex-Ontario Hydro threw $$$ at the less productive stations due to policitical reasons and cutback on others.

 

[Papi Chulo]

Higher stocks should bring down cost of goods, more $ for company to invest in equipement, R & D, distribution, etc.

Exactly... that is what business is all about.. cut costs which does not mean a lower price to consumers as higher returns for shareholders are more important than lower priced for consumers

 

[burlboy]

Electric vehicles just transfer the pollution elsewhere........

I love the look on a hippy's face when you tell him his electric car is actually coal or nuclear powered and that sombody had to kill a tree and an animal to make his Birkenstock sandals