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View Diary: BREAKING: New Gulf Oil Spill (98 comments)

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  •  asdf (1+ / 0-)
    Recommended by:
    Puddytat

    start by reading this

    That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

    by enhydra lutris on Thu Apr 12, 2012 at 08:31:29 AM PDT

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    •  I don't buy it - gasoline & oil go together (0+ / 0-)

      An ambulance can only go so fast - Neil Young

      by mightymouse on Thu Apr 12, 2012 at 09:17:53 AM PDT

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      •  So every oil exec who has ever testified has (0+ / 0-)

        lied? That graph is far from lockstep, and thanks to our gullible press, expectations - what the market will bear - will track crude prices to a degree, because the populace is conditioned to expect that.

        That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

        by enhydra lutris on Thu Apr 12, 2012 at 10:41:51 AM PDT

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        •  R-squared = 0.987 (0+ / 0-)

          that means 98.7% of the variance in annual average US gasoline prices can be explained by variance in annual average Brent crude prices.

          It is hard to argue a serious long-term disconnect between the two. Especially since crude is the primary feedstock for gasoline.

          This holds whether "every oil company exec who has ever testified" is telling the truth or not.

          Sure, you can argue, "But it's just chance they go together."

          If you want to do that, I don't know what to say.

          An ambulance can only go so fast - Neil Young

          by mightymouse on Thu Apr 12, 2012 at 10:51:43 AM PDT

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          •  Correlation is not causation. If the major (0+ / 0-)

            producers do not pay those prices, they are not causal. They do not pay those prices, hence they are not causal.

            That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

            by enhydra lutris on Thu Apr 12, 2012 at 01:51:19 PM PDT

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            •  this is funny logic (0+ / 0-)

              What prices are major producers paying?

              and anyway, shouldn't  producers be the ones getting paid, not doing the paying?

              An ambulance can only go so fast - Neil Young

              by mightymouse on Thu Apr 12, 2012 at 02:07:17 PM PDT

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              •  You didn't even glance at the diary I referred (0+ / 0-)

                you to, did you? Producers pay royalties, usually a tiny fraction of quotation prices. Companies like Exxon pay royalties to owners, then lift, transport, and refine oil, selling gasoline and other products either direct to suckers the public via stations they own, or to independent retailers. You really should peek at the diary.

                {http://www.dailykos.com/... Here's] the link again.

                That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

                by enhydra lutris on Thu Apr 12, 2012 at 05:00:43 PM PDT

                [ Parent ]

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