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Rick Perry and alternate reality economics 101
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Hambone10 Offline
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Post: #21
RE: Rick Perry and alternate reality economics 101
(07-09-2017 12:33 PM)john01992 Wrote:  
(07-07-2017 12:36 PM)Hambone10 Wrote:  of course, rather than discuss the topic, you attack me on this pointless drivel.

well he should have been mocked. he was wrong and he went against the scientific consensus of both 1492 and 2017 and refused to admit he was wrong even when faced with overwhelming scientific evidence he still went to his deathbed believing otherwise.

columbus did not prove nor convince the world that the world was round. the greeks proved that and western europe had long accepted that. He believed the world was 1/4th the size that the greeks accurately measured it to be so IDK how you can say he was "right."

I stand by the above. Thanks for the deflection

(07-09-2017 12:47 PM)Fo Shizzle Wrote:  In a commodity like oil...The price can indeed affect demand. Customers that have previously shifted to competitive "alternative" energy sources will most likely return to cheap oil products if the price drops enough to justify it. This is what I believe Perry was addressing..but..he did not do a very good job of relaying that though IMO.

When you're talking to an audience of people who all 'get it' because they work in that world and are subject to the rules of that world and your title is "Secretary of Energy', you shouldn't have to tailor your message so that the average joe can understand it. I'm not disagreeing with you as much as I'm just saying that just because someone can video anything these days doesn't mean that 'everyone' is the audience.
07-10-2017 04:06 PM
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Kaplony Offline
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Post: #22
RE: Rick Perry and alternate reality economics 101
(07-07-2017 10:21 AM)cb4029 Wrote:  
(07-07-2017 09:36 AM)LeFlâneur Wrote:  The guy on Yahoo is the one who gets it wrong. His very words:

Quote:The law, of course, states that as supply increases the price will tend to drop

And what will happen when prices drop? People will use more and thus demand will increase.

We have seen this time and again with gasoline. Supply increases, prices fall and people drive more increasing demand.

Here's a suggestion CB. Don't rely on some Yahoo guy to tell you what to think. Do it for yourself.

LOL
So the price of gas determines how much I use. Sorry, I'm not sure it works like that. Guess I'm not going to drive to work because the price of gas is too high. Or maybe I want plan a trip because it's possible the price will go back up. When I plan a trip the price of gas isn't a factor. No one can predict gas prices. The best you can do is seek a cheap gas station. Just came back from Oregon where the price of gas is still high compared to Alabama. Didn't stop me from driving around to see the sights. If I couldn't afford to go, I wouldn't go. Period.

http://www.npr.org/sections/thetwo-way/2...th-of-july

Quote:AAA also says historically low summer gas prices are a main driver of the boom. At $2.28 a gallon, the national average is 4 cents cheaper than the year before.
07-10-2017 04:21 PM
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stinkfist Offline
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Post: #23
RE: Rick Perry and alternate reality economics 101
(07-10-2017 04:21 PM)Kaplony Wrote:  
(07-07-2017 10:21 AM)cb4029 Wrote:  
(07-07-2017 09:36 AM)LeFlâneur Wrote:  The guy on Yahoo is the one who gets it wrong. His very words:

Quote:The law, of course, states that as supply increases the price will tend to drop

And what will happen when prices drop? People will use more and thus demand will increase.

We have seen this time and again with gasoline. Supply increases, prices fall and people drive more increasing demand.

Here's a suggestion CB. Don't rely on some Yahoo guy to tell you what to think. Do it for yourself.

LOL
So the price of gas determines how much I use. Sorry, I'm not sure it works like that. Guess I'm not going to drive to work because the price of gas is too high. Or maybe I want plan a trip because it's possible the price will go back up. When I plan a trip the price of gas isn't a factor. No one can predict gas prices. The best you can do is seek a cheap gas station. Just came back from Oregon where the price of gas is still high compared to Alabama. Didn't stop me from driving around to see the sights. If I couldn't afford to go, I wouldn't go. Period.

http://www.npr.org/sections/thetwo-way/2...th-of-july

Quote:AAA also says historically low summer gas prices are a main driver of the boom. At $2.28 a gallon, the national average is 4 cents cheaper than the year before.

we had this discussion back when I started posting on this board.....

they milked the gouging from Katrina for all it was worth.....it kicked my nutz into my throat for three ******* years.....that's where the irs got the finga to the hilt....

somewhere between $2-2.5/gal is just fine based on supply/demand with private/business sectors....

IMO, it's the bush era that really bled into the zero era.....that one was scarily over the top collusion....

I heard all the arguments.....and where are we at now.....

who'd a thunk it.....
07-10-2017 04:39 PM
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bullet Offline
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Post: #24
RE: Rick Perry and alternate reality economics 101
(07-07-2017 10:21 AM)cb4029 Wrote:  
(07-07-2017 09:36 AM)LeFlâneur Wrote:  The guy on Yahoo is the one who gets it wrong. His very words:

Quote:The law, of course, states that as supply increases the price will tend to drop

And what will happen when prices drop? People will use more and thus demand will increase.

We have seen this time and again with gasoline. Supply increases, prices fall and people drive more increasing demand.

Here's a suggestion CB. Don't rely on some Yahoo guy to tell you what to think. Do it for yourself.

LOL
So the price of gas determines how much I use. Sorry, I'm not sure it works like that. Guess I'm not going to drive to work because the price of gas is too high. Or maybe I want plan a trip because it's possible the price will go back up. When I plan a trip the price of gas isn't a factor. No one can predict gas prices. The best you can do is seek a cheap gas station. Just came back from Oregon where the price of gas is still high compared to Alabama. Didn't stop me from driving around to see the sights. If I couldn't afford to go, I wouldn't go. Period.

So you are an economic moron just like the Yahoo writer.

For people who aren't economic morons, the price drives decisions on whether they might take a trip or not. Whether they might fly or drive. Whether they take mass transit or their own car.
07-10-2017 04:43 PM
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stinkfist Offline
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Post: #25
RE: Rick Perry and alternate reality economics 101
(07-10-2017 04:43 PM)bullet Wrote:  
(07-07-2017 10:21 AM)cb4029 Wrote:  
(07-07-2017 09:36 AM)LeFlâneur Wrote:  The guy on Yahoo is the one who gets it wrong. His very words:

Quote:The law, of course, states that as supply increases the price will tend to drop

And what will happen when prices drop? People will use more and thus demand will increase.

We have seen this time and again with gasoline. Supply increases, prices fall and people drive more increasing demand.

Here's a suggestion CB. Don't rely on some Yahoo guy to tell you what to think. Do it for yourself.

LOL
So the price of gas determines how much I use. Sorry, I'm not sure it works like that. Guess I'm not going to drive to work because the price of gas is too high. Or maybe I want plan a trip because it's possible the price will go back up. When I plan a trip the price of gas isn't a factor. No one can predict gas prices. The best you can do is seek a cheap gas station. Just came back from Oregon where the price of gas is still high compared to Alabama. Didn't stop me from driving around to see the sights. If I couldn't afford to go, I wouldn't go. Period.

So you are an economic moron just like the Yahoo writer.

For people who aren't economic morons, the price drives decisions on whether they might take a trip or not. Whether they might fly or drive. Whether they take mass transit or their own car.

agree....but price and fuel fluctuations lead to additional increases not reflected in today's inflation metrics....

I also lived through the 'china raw material era'....I finally had to tell the bean counters how to 'absorb' that one.....

now that's scary.....

trust me....when they got you, you better figure out how to 'pile on' or get pile driven into submission....
(This post was last modified: 07-10-2017 04:51 PM by stinkfist.)
07-10-2017 04:51 PM
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