September 12, 2006
Two nineteen, baby!
Drudge had linked yesterday the story about OPEC ministers having a cow about falling oil prices, but it wasn't appropriate to raise and now the link is gone. But USA Today has their version up, suitably diluted for low-lights like myself.
Highlight: Although motorists worried that once the $3 barrier was pierced, prices never would fall much, the current drop-offs are logical, Gamson says: "The driving season is over. There's plenty of gasoline in inventory and crude oil prices have been dropping a lot. It's mainly market fundamentals."
Gosh, it's like there's some magical invisible hand adjusting prices. Demand drops relative to supply rises? Can't be.
All I know is that on Saturday, at the WaWa in Gainesville VA I paid $2.19 a gallon for unleaded. Filled the tank and even was getting ready to hose down a Buddhist monk in the aisle next to me, but he was packing, so I thought the better of it.
Posted by Steve-O at September 12, 2006 09:53 AM | TrackBackGosh, it's like there's some magical invisible hand adjusting prices.
I thought Enron went out of business. Oh, you mean Goldman Sachs...
Posted by: LB Buddy at September 12, 2006 11:41 AMI have about as much respect for people who scoff at Adam Smith's "Theory" (with scary finger quotes raised) as for those who scoff at Darwin...
Posted by: Steve the LLamabutcher at September 12, 2006 12:01 PMAdam Smith was not descended from monkeys!
Blasphemy!
We need a single payer system for gasoline!
By the way, there hasn't been a good evolution fight on the 'sphere for months. Someone needs to taunt the Commissar.
Posted by: The Colossus at September 12, 2006 12:28 PM"All I know is that on Saturday, at the WaWa in Gainesville VA I paid $2.19 a gallon for unleaded. Filled the tank and even was getting ready to hose down a Buddhist monk in the aisle next to me, but he was packing, so I thought the better of it."
Oh man, that really cracked me up!
Why did you feel the better of it? Did you think his ammo would cook off and injure you? Gas here is "cheap" at $2.75/gallon! I'd still hose someone down at that price if I hadn't taken my meds that morning...
On a more serious note, we in the northeast are waiting for the declaration that the refineries have not processed enough heating oil and therefore the prices have gone sky high, in excess of gasoline, even though there are not comparable taxes on the product. As night follows day? Or, am I just a paranoid???
I love Adam Smith. It is the Republicans that conviently forget other aspects of his writing like government intervention to prevent market abuse and manipulaiton, and strong support for universal public education...
Posted by: LB Buddy at September 12, 2006 01:15 PMFrom where....The Theory of Moral Sentiments? The Lectures on Jurisprudence? Or in the Wealth of Nations? Don't EVEN THINK of it, buddy, or I'll open an x-tra industrial strength can of CSS-inspired Scottish Enlightenment WHUPP-ASS on you that will knock you into next week, and leave you hung-over, tatooed, and answering to the name of "Jackie the Phillies Phanatic" in a Bangkok whorehouse.
Posted by: Steve the LLamabutcher at September 12, 2006 07:27 PM
Image courtesy of the lovely and talented 