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Old May 22nd, 2006, 04:28 PM   #1
brandonfiremedic
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Default Gov't report on gas prices released.

http://www.nytimes.com/2006/05/22/bu...rssnyt&emc=rss
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Old May 22nd, 2006, 06:31 PM   #2
ckupq
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Wow...The govt said they aren't price gouging, go figure. We're just getting closer to the worldwide average for a gallon of gas.

Holy shit... that makes sense!


So will higher gas prices make people stop driving their H2's? Probably not. Will people stop bitching about gas prices? Once again probably not.
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Old May 22nd, 2006, 07:11 PM   #3
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The people controlling the price of gas are no different than those that influence stock prices. If you traded in the commodity markets instead of bitching you might offset some of your losses......
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Old May 22nd, 2006, 07:25 PM   #4
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Quote:
Originally Posted by deuce228
The people controlling the price of gas are no different than those that influence stock prices. If you traded in the commodity markets instead of bitching you might offset some of your losses......

AMEN. Traders don't give 2 shits what the commodity is. If there is volatility, they will trade the market. Behind the computer screen I don't care if I am trading train cars of wheat, barges full of oil, or real estate hedge options. On the screen it is all just a bid and an ask, no matter what the commodity.
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Old May 22nd, 2006, 07:51 PM   #5
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They fukc up my lumber market daily. Less more these days then they used to however. Funny how publications that are designed to be tools of the trade become gospel. There is a publication that comes out tri weekly called Random Lengths. It supposidly is a non biased source of information on the lumber, plywood, osb...ect. Well over the years mills have learnt to misinform or don't inform the publication, thus manipulating the market because some wholesalers and retailers take it as gospel. Alot of industries have something similar, and these tools can be used(or abused) to do the same damn thing.
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