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EsnRedshirt
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Daffydoug- yep! How are they going to afford their indoor ski slope over in Dubai now that they're not raking in the dough?

$3.25 out here in the Bay Area. I'd love to see it under $3, but I doubt it'll happen in CA.

-Erik
Self-proclaimed Jack-of-all-trades and google expert*.

* = Take any advice from this person with a grain of salt.
Josh Riel
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Quote:
On 2008-10-27 22:26, MagicSanta wrote:
Is he a raging idiot or the puppet master? Can't be both.


I think raging idiots can be puppet masters. All you need is puppets more raging with idiocy than the master.

We're talking about Washington D.C. here. There is a couple of buildings chock full of really stupid puppets there.
Magic is doing improbable things with odd items that, under normal circumstances, would be unnessecary and quite often undesirable.
MagicSanta
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You, Josh, are a guiding light for me....
Josh Riel
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I like to think of myself as a puppet master.
Magic is doing improbable things with odd items that, under normal circumstances, would be unnessecary and quite often undesirable.
ed rhodes
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Quote:
On 2008-10-27 23:44, Josh Riel wrote:
Quote:
On 2008-10-27 22:26, MagicSanta wrote:
Is he a raging idiot or the puppet master? Can't be both.


I think raging idiots can be puppet masters. All you need is puppets more raging with idiocy than the master.

We're talking about Washington D.C. here. There is a couple of buildings chock full of really stupid puppets there.


He couls also be considered a puppet master who's also a puppet of those interests that he supports (*cough*bigoil!*cough*)
"There's no time to lose," I heard her say.
"Catch your dreams before they slip away."
"Dying all the time, lose your dreams and you could lose your mind.
Ain't life unkind?"
MAKMagic
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Riiight. *** those guys making profit! Jeez. They buy big machines and pay people to run them so they can pull the oil out of the ground and ship it around the world and explore new regions to get more!. How DARE they profit on average .11c a gallon.

Call your local government and then the feds. They don't TOUCH our gasoline and THEY pull .75c a gallon between state and federal tax. Who's the glutonous profiteer? They need the money to do what? Pay for the roads? Nope. It goes into the "General Fund".
.:Michael Kelley
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MagicSanta
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Ed, they are actually looking at increasing the amount of oil they sell.

No one paid that $168 bucks a barrel of oil they used to torment us, that was speculation and all that rot. The oil companies make deals to buy at a certain price for long term and they are not going to pay top dollar.
Scott Cram
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Quote:
On 2008-10-27 12:42, ed rhodes wrote:
OPEC is already talking about restricting oil production to bring the prices back up.


Plans to manipulate a commodity market always put me in mind of the Hunt Brothers, back in the 1980s.

For those who don't know about or remember them, they were a pair of billionaire brothers who actually worked out a way to corner the silver market.

They kept buying silver, and controlling more and more of the market, and driving the prices up. They were sitting pretty, and it looked like going to the Hunt brothers were going to be the major source of silver for a long time to come.

As silver became more expensive, of course, traditional users of silver began to look elsewhere. It was big news when GM announced that it would start making its catalytic converters out of platinum, instead of silver, in order to keep its costs down.

The hardest hit company was Kodak, which at the time was the largest user of silver, which was used in photographic development processes. Finally, after months and months of intense research, driven by the high price of silver, Kodak announced that it had developed a full range of photographic processes that didn't use any silver, and they would no longer be purchasing any silver.

That was the first major nail in the coffin for the Hunt brothers. With the world's largest silver user no longer purchasing silver, the market took a nose dive, and did much to wipe out the Hunt brothers (ask any commodities trader about "Silver Thursday"). An SEC investigation followed soon after, and these billionaire brothers filed for bankruptcy in 1988.

Time and time again, history shows that attempt to corner any market, and especially commodity markets, doom themselves from the beginning.
evolve629
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Scott, interesting story on the Hunt brothers.
I see that the OPEC can manipulate oil as it's used by daily life and it's considered an essential commodity, at least for now, until we figure out to use solar and electricity for transportation/auto.
One hundred percent of the shots you don't take don't go in - Wayne Gretzky
My favorite part is putting the gaffs in the spectators hands...it gives you that warm fuzzy feeling inside! - Bob Kohler
WagsterMagic
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South Carolina...

$2.33
The Wagsters: World Class Magic & Illusion
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Scott Cram
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Quote:
On 2008-10-28 13:24, evolve629 wrote:
Scott, interesting story on the Hunt brothers.
I see that the OPEC can manipulate oil as it's used by daily life and it's considered an essential commodity, at least for now, until we figure out to use solar and electricity for transportation/auto.


The whole point of the story is that you can only control a commodity in the short term. In the long term, it will always fail, for a couple of reasons:

1) When you control a commodity, that really only means that you control a supply. In the balance of supply and demand, you've only gained control over half an equation. Prices going up? People will find ways to reduce their demand, just as they did with gas (people began driving less, thus using less gas).

2) There's nothing inherent in any material that makes it a "resource". A resource is only a resource because humans have figured out how to use its inherent qualities in a productive way.

If you're trying to control a commodity, it's because you're holding the false assumption that wealth is equal to the level of physical resources you control (W=P, where W is wealth, and P is physical resources). The thing that keeps confounding people is technology (technology defined as a better way of doing things, such as Kodak's silver-free photographic processes), and the exponential effect technology has on itself, by helping even better technologies to be created, which then allow even better technologies to be created, and so on.

A better equation would be: W=PT^n (Pilzer's equation), where:
W=Wealth
P=Physical resources
T=Technology
^n=to the nth power=exponential effect technology has on itself

This also makes it clear why sticking to older technologies is a plan to fail - your competitors who use better and better technology leave you farther behind at an exponential rate!
Josh Riel
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For the record I never said Bush was a raging idiot puppet master.

I do not believe he is a puppet master, never have. I am just too dang respectful.
Magic is doing improbable things with odd items that, under normal circumstances, would be unnessecary and quite often undesirable.
stoneunhinged
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Quote:
On 2008-10-28 19:47, Josh Riel wrote:
I am just too dang respectful.


Indeed.

When I think of the word RESPECT, I think Josh Riel.

It's his THANG.

RESPECT. JOSH. RIEL.

I've got to go brush my teeth now. It's almost 1:00 AM here.
Ken Northridge
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Do you think the outrages gas prices earlier this year may have led to the current credit/foreclosure problems we are having. I mean, maybe these people did not cut back on driving and other luxury items. Instead they didn't pay their mortgage. If that's true, do you really think the government (me & you) should bail them out?

Quote:
On 2008-10-27 01:50, nums wrote:
Some would say he, BUSH is doing this to help Mccain win the election and the prices will go up shortly thereafter.

NUMS


Ha, ha. If Bush could do that don't you think he would do something about his approval rating?
"Love is the real magic." -Doug Henning
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Josh Riel
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Quote:
On 2008-10-28 19:52, stoneunhinged wrote:

I've got to go brush my teeth now. It's almost 1:00 AM here.


I've told you this already today. No it isn't it's 5:28.

You need another clock.
Magic is doing improbable things with odd items that, under normal circumstances, would be unnessecary and quite often undesirable.
evolve629
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Quote:
On 2008-10-28 19:34, Scott Cram wrote:
Quote:
On 2008-10-28 13:24, evolve629 wrote:
Scott, interesting story on the Hunt brothers.
I see that the OPEC can manipulate oil as it's used by daily life and it's considered an essential commodity, at least for now, until we figure out to use solar and electricity for transportation/auto.


The whole point of the story is that you can only control a commodity in the short term. In the long term, it will always fail

Forget The Atkins Diet. Natural Gas Loses Weight All At Once! It's like the clown with the balloons that has holes in each of them.... Cheers!
One hundred percent of the shots you don't take don't go in - Wayne Gretzky
My favorite part is putting the gaffs in the spectators hands...it gives you that warm fuzzy feeling inside! - Bob Kohler
airship
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Down to $2.29 in Iowa.
'The central secret of conjuring is a manipulation of interest.' - Henry Hay
Josh Chaikin
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$1.96 Smile
Marvello
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$2.09 in SE Michigan is the best price I have seen so far... inching towards sub-$2 gas - I hope. I fear that after election day that gas weill start creeping back up again - just my hunch.
Never criticize someone else until you have walked a mile in their shoes. Then, when you do criticize them, you will be a mile away from them and you will have their shoes.
Dannydoyle
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Really? Why is that? Conspiracy huh? Interesting. I would think that if they were trying to run an effective conspiracy it would not have gotten to 4 buckarinos in the first place LOL.
Danny Doyle
<BR>Semper Occultus
<BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell
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