Good Lord...... I made no personal remark about the Pres. Where did you come
up with that idea? He could be purple and it wouldn't make any difference to
me. It's his & the fellow liberals' policies that are driving us to
bankruptcy, you must realize his spending cannot continue.
Sent from my iPhone
On Mar 30, 2013, at 6:37 PM, "Bill Tobin" <william.tobin31@verizon.net>
wrote:
> Sorry, can't resist.
> My investments, which took a major fatty TWICE under Dubya, have come back
and then some under President Obama.
> And your grandchildren will still be paying for his clusterf**k in Iraq.
When I hear him (Obama) referred to as "That N....r" my blood boils. And I
heard it recently.
> Just as Dubya (he called himself that) was my president, Obama is indeed
your president. Live with it.
> End of rant. Original Message ----- From: "John Hasty" <jhhasty@gdhs.com>
> To: "Michael Porter" <mdporter@dfn.com>
> Cc: <fot@autox.team.net>
> Sent: Friday, March 29, 2013 6:04 PM
> Subject: Re: [Fot] Stations of yesteryear
>
>
>> Don't forget what Obama and his fellow travelers are doing to our country,
>> we'll be lucky if any of us can afford gas at all if they continue down
the
>> road to bankruptcy.
>>
>> Sent from my iPhone
>>
>> On Mar 29, 2013, at 5:07 PM, Michael Porter <mdporter@dfn.com> wrote:
>>
>>> On 3/29/2013 1:35 PM, BillDentin@aol.com wrote:
>>>> In a message dated 03/29/2013 12:28:21 PM Central Standard Time,
>>>> kaskastner@gmail.com writes:
>>>>
>>>>
>>>>> Remember also that the US was paying the arabs $5 buck for a barrel of
>>>>> oil, not $91. (although I guess the amount are the same with the
>> inflation)
>>>> Kas...
>>>>
>>>> Interesting observation, and if my high school 'ratio' math still works,
>> if
>>>> it was .299 a gallon for gas when oil was $5.00 a barrel, shouldn't we
>>>> expect to pay $5.442 now? I just filled my tank for $3.799 a gallon.
All
>>>> things being relative...maybe we should not be complaining.
>>>
>>> The problem is, as usual, more complicated than that. First, if one is
>> looking for a standard of measurement based on inflation and the cost of a
>> barrel of oil, then one has to exclude changes in federal, state and local
>> taxes. Then one has to get the actual numbers more or less in line with
the
>> reality of the time frame, and then do some data smoothing to eliminate
the
>> peaks created by temporary shortages (the 1973 and 1978 embargoes and
withheld
>> shipments, for example) and oil prices affected by predatory speculation
(such
>> as the $147/bbl spike recently). You get something like this:
>>>
>>> http://inflationdata.com/Inflation/Inflation_Rate/Gasoline_Inflation.asp
>>>
>>> If we're talking about prices being affected in large part by Saudi
Arabia,
>> it's important to get the numbers in the timeline correct, because the
>> establishment of OPEC price controls after 1973 changed the pricing
schedules
>> considerably. Saudi oil was routinely purchased by the refiners for a
>> wellhead price before shipping of $1.50/bbl, until the 1973 embargo.
Within
>> six weeks of the beginning of the partial embargo by SA, that price was
>> $6/bbl, and within four months, was $10/bbl. That alone is a 660% increase
in
>> the crude price in less than half a year. At the beginning of the
embargo,
>> gas prices jumped from a nominal $.30/gal to $.60/gal, and stabilized in
the
>> low .50s/gal until the 1978 oil shock, where the price increased to ~
$2.25,
>> adjusted for inflation.
>>>
>>> Finally, one needs to look at crack differentials (price of all refined
>> products combined per bbl of feedstock vs. crude oil feedstock price per
bbl),
>> which have been rising and, as well, understand that the NYMEX and London
spot
>> prices are more an indication of crude price trends in the market, rather
than
>> an actual current price paid by the majors, all of which tend to lock in
>> production rates and prices for extended periods at prices lower than the
spot
>> market. Going by crack differentials, the gross profits of the majors and
>> inflation-adjusted pricing, gas prices are currently quite a bit higher
than
>> the historical average.
>>>
>>>
>>> Cheers.
>>>
>>> --
>>>
>>>
>>> Michael Porter
>>> Roswell, NM
>>>
>>>
>>> Never let anyone drive you crazy when you know it's within walking
>> distance....
>>> _______________________________________________
>>> fot@autox.team.net
>>>
>>> http://www.fot-racing.com
>>>
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>>
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>>
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