OPEC really pisses me off !!!

Discussion in 'Economics' started by taodr, Sep 24, 2003.

  1. madf

    madf

    Hmm.. so it's BAD when OPEC is a cartel but GOOD when the US imposes tariffs on steel, prawns and other imported goods produced by labour paid 10% of what US workers are paid?
     
    #21     Oct 28, 2003
  2. Interesting point. I think you are right to point to the demand side... The lack of price elasticity in the US (and everywhere, to be fair) is a big part of the problem.

    Still, I do not - and will not - agree with commodity cartels

    Matt
     
    #22     Oct 28, 2003
  3. Why does everyone always worry when the oil/gas price goes up? Stop and think about it for a bit. There is far too much traffic on the road already. Whenever there is a hike in gas prices this always results in a slight decrease of the traffic. There are a lot of people out there driving around for nothing. This takes a huge toll on our environment.

    I think they should raise the tax on gasoline to get it up to about $5 a gallon and reduce the tax on income the same amount. People shouldn't be discouraged from making a decent income, this doesn't cause any harm to anyone. But too many people in too many cars are a major problem in all of our cities.

    If you raised the tax on oil enough you wouldn't need as much and could probably survive without a lot of imports. This would keep a lot of money from going to the Middle East where it can be used to finance terrorism.
     
    #23     Oct 28, 2003
  4. That's more than it costs in England!
     
    #24     Oct 28, 2003
  5. madf

    madf

    "This would keep a lot of money from going to the Middle East where it can be used to finance terrorism."

    "One man's terrorism is another man's freedom fighter"
     
    #25     Oct 28, 2003
  6. pspr

    pspr

    Well, we all know why they call Camels ships of the desert. --
     
    #26     Oct 28, 2003
  7. T-REX

    T-REX

    Don't get madd. Instead get even!

    The CLZ3 Futures is in play at this price level.
    Although I still hold to the fact that I HATE the energies I STILL from time to time will "SCALP" BIG BIG BIG profits from a single trade at times like these.

    2BC setup of Daily Chart.
     
    #27     Oct 28, 2003
  8. T-REX

    T-REX


    OOOOPs!

    Wrong Chart!

    Here is the Crude Oil Chart.
     
    #28     Oct 28, 2003
  9. #29     Oct 28, 2003
  10. Russia is a bit messed up: :(
     
    #30     Oct 28, 2003