U.S. gas prices 'crash'

TXgolfer said:
Too complex for this forum and more than I care to write. The problem here is focusing on the what (price) rather than the (why) cause and the timing.
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Is it related to the Trickle-down economics theory? I personally think the stock market will boom, now that we have finished the election. Investors know where to invest now, in regards to whether or not a certain party increases the value of certain stocks. In other words, the mystery is removed for the next couple of years.
 
saywhatkid said:
Is it related to the Trickle-down economics theory? I personally think the stock market will boom, now that we have finished the election. Investors know where to invest now, in regards to whether or not a certain party increases the value of certain stocks. In other words, the mystery is removed for the next couple of years.
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No. Oil is global.
 
TXgolfer said:
Too complex for this forum and more than I care to write. The problem here is focusing on the what (price) rather than the (why) cause and the timing.
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Just try your best to explain about why lowering the gas price is bad.

I always thought it was investor purpose to see lowering the oil price is bad.
 
TXgolfer said:
Too complex for this forum and more than I care to write. The problem here is focusing on the what (price) rather than the (why) cause and the timing.
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very simple - you can summarize it just like any editors or professors.

if not... then I question your understanding of such a complex topic that can be only understood by some Harvard think tank boys with MBA's and deep understanding of economics and finance at Ph.D level.

since you said "what" rather than "why"... then what are the "what"... for example? or is it too complex to even list a few?
 
Jiro said:
very simple - you can summarize it just like any editors or professors.

if not... then I question your understanding of such a complex topic that can be only understood by some Harvard think tank boys with MBA's and deep understanding of economics and finance at Ph.D level.
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Ok by me. :)
 
TXgolfer said:
No. Oil is global.
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I still don't see the connection. If US gets back on their feet, wouldn't that help the rest of the world? After all, we are the Big Kahuna of product demand. I simply don't see how increasing the price is a good thing for most of us. For the financial and business investors with lots of money, they are gonna find a way to protect their piles from those greedy IRS folks. So the fiscal cliff thing is not really a threat to them, IMO
 
saywhatkid said:
I still don't see the connection. If US gets back on their feet, wouldn't that help the rest of the world? After all, we are the Big Kahuna of product demand. I simply don't see how increasing the price is a good thing for most of us. For the financial and business investors with lots of money, they are gonna find a way to protect their piles from those greedy IRS folks. So the fiscal cliff thing is not really a threat to them, IMO
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Again....increasing or decreasing the price is the what. The question to focus on, IMO, is the why .....and the timing. It's a global economy and oil is very much a global commodity.
 
TXgolfer said:
Again....increasing or decreasing the price is the what. The question to focus on, IMO, is the why .....and the timing. It's a global economy and oil is very much a global commodity.
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whoa. a major contradiction to your previous post.....

TXgolfer said:
The problem here is focusing on the what (price) rather than the (why) cause and the timing.
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so which one is it? what or why?
 
TXgolfer said:
Again....increasing or decreasing the price is the what. The question to focus on, IMO, is the why .....and the timing. It's a global economy and oil is very much a global commodity.
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Again, I fail to see how that is a negative. You are looking at the "why the price is lower" where I am looking at the "what is the result of the price being lowered" aspect of it.

Without going in circles here, I think I am intelligent enough to be able to read your version of why the "why" matters more than the "what happens because it happened." I am not a business guru, but I can learn something here. Feel free to educate me. You have the podium.
 
saywhatkid said:
Again, I fail to see how that is a negative. You are looking at the "why the price is lower" where I am looking at the "what is the result of the price being lowered" aspect of it.

Without going in circles here, I think I am intelligent enough to be able to read your version of why the "why" matters more than the "what happens because it happened." I am not a business guru, but I can learn something here. Feel free to educate me. You have the podium.
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Cool, but make sure you consider all results.

Not interested in going into it. I am more than happy to allow everyone to believe as they wish.
 
TXgolfer said:
Cool, but make sure you consider all results.
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such as?

TXgolfer said:
Not interested in going into it. I am more than happy to allow everyone to believe as they wish.
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so why bother participating? it's beginning to feel like any threads you've participated in leave a bad taste. don't know why it has to be like that

:dunno:
 
If gas goes down to 99 cents a gallon, everyone would have more spending money and put the money into other businesses. These businesses will see a growth...growth=expand=more jobs?

Or if gas goes down, then gold, silver, oil and diamonds would be worthless and cause a stock market crash?

Just trying to sort it out in my uneducated head on how falling gas prices would be bad for the economy or for the people.

Maybe I am just plain stupid to wish for those days when gas was 99 cents and we would go cruising around the mall for hours to start trouble just like my friends and I did in the
80s. Boy those were some good old days! :lol:
 
shel90 said:
If gas goes down to 99 cents a gallon, everyone would have more spending money and put the money into other businesses. These businesses will see a growth...growth=expand=more jobs?

Or if gas goes down, then gold, silver, oil and diamonds would be worthless and cause a stock market crash?

Just trying to sort it out in my uneducated head on how falling gas prices would be bad for the economy or for the people.

Maybe I am just plain stupid to wish for those days when gas was 99 cents and we would go cruising around the mall for hours to start trouble just like my friends and I did in the
80s. Boy those were some good old days! :lol:
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It's not that lower gas prices would be bad for the economy, and most certainly the consumers. It would be good for all the reasons you stated. BUT it's not like gas prices are set based on what would be good for the economy. It's based on the price per barrel in the global stock market (not just the US's) I'm no expert either, far from it, but I imagine that is more based on investors and speculators, people interested in making money for themselves, they don't particularly care about the "greater good". Gas isn't a non profit business that's looking out for us, be pretty fantabulous if it was, but that's not how it is.

Now you guys are looking at the effect, not the cause. If gas prices were to slowly drop to what they were 15 years ago the reasons behind it, the cause not the effect, might not necessarily be a good cause.

Earlier I mention gas being 1.82?4? whatever it was the day Obama took office. Jiro says that point is moot. I disagree, the reason it got that low was because of global stock market crashes, global recessions. I can't see any reason other than economic situations for gas prices to get as low as they were 15 years ago. Even if the prices didn't drop suddenly in a crash, but gradual over a period of years. I mean, prices of stuff tend to go up, not down. Other than new technologies that eventually aren't so new after a year or so ;) This is gas we're talking about, something that the demand for is only going to go up and the supply only going to go down.
 
shel90 said:
If gas goes down to 99 cents a gallon, everyone would have more spending money and put the money into other businesses. These businesses will see a growth...growth=expand=more jobs?
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This would be Awseome! If it happens. I certainly expect the we will see U3 drop below 6% in the next 2 years.
 
ambrosia said:
It's not that lower gas prices would be bad for the economy, and most certainly the consumers. It would be good for all the reasons you stated. BUT it's not like gas prices are set based on what would be good for the economy. It's based on the price per barrel in the global stock market (not just the US's) I'm no expert either, far from it, but I imagine that is more based on investors and speculators, people interested in making money for themselves, they don't particularly care about the "greater good". Gas isn't a non profit business that's looking out for us, be pretty fantabulous if it was, but that's not how it is.

Now you guys are looking at the effect, not the cause. If gas prices were to slowly drop to what they were 15 years ago the reasons behind it, the cause not the effect, might not necessarily be a good cause.
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Unless those investors decided to care about the "greater good" for the people. That would be a good cause! LOL!

I am just picturing all these mega-billionaires with gold-plated garage doors that open to marble-floored garages full of vehicles worth over a hundred grand each.

I just saw one feature on such a house last night on "Million Dollar Rooms" and the guy was an oil executive in South Africa. Talk about burning some serious money!

It gave me the impression that the owners of that garage werent really concerned with the "good" for the consumers.
 
shel90 said:
Unless those investors decided to care about the "greater good" for the people. That would be a good cause! LOL!

I am just picturing all these mega-billionaires with gold-plated garage doors that open to marble-floored garages full of vehicles worth over a hundred grand each.

I just saw one feature on such a house last night on "Million Dollar Rooms" and the guy was an oil executive in South Africa. Talk about burning some serious money!

It gave me the impression that the owners of that garage werent really concerned with the "good" for the consumers.
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Absolutely not, and ain't that the sad sorry truth. Consumers are really the job creators, not investors. If nobody has enough money to spend they're not going to buy what the investors are investing in ;) But I don't think the mega millionaires care about long term, they just want more and now.
 
ambrosia said:
Absolutely not, and ain't that the sad sorry truth. Consumers are really the job creators, not investors. If nobody has enough money to spend they're not going to buy what the investors are investing in ;) But I don't think the mega millionaires care about long term, they just want more and now.
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Of course, somebody did build the garage and those cars.
 
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