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post #11 of 26 (permalink) Old 10-24-2008, 05:38 PM
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The game will be over. Oil prices will continue to go back up. It's simple, there are no more dinosaurs that will turn into future oil because we have used them up to fool people that evolution actually happened. God is punishing us for that sin.

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post #12 of 26 (permalink) Old 10-24-2008, 05:40 PM
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Drew,
I give you another chart:
Weekly Texas Regular All Formulations Retail Gasoline Prices (Cents per Gallon)
This one will give us the comparison. But I do not have the time to figure it out.

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post #13 of 26 (permalink) Old 10-24-2008, 05:44 PM
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Saw it! It's worthless because it's historical and doesn't dare breakdown cost by category. It's like a red hearing, you need better sources. Love' em or hate' em OPEC's data is much better at describing what goes on for three quarters of the oil production in the world and how it's handled. Check out their library, it's much better
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post #14 of 26 (permalink) Old 10-24-2008, 05:45 PM
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Hay, you are my kind, we agreed at the bottom line with NO FINGER or STFU. MBA, Hi Five.

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post #15 of 26 (permalink) Old 10-24-2008, 05:47 PM
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But I like to tease with this

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post #16 of 26 (permalink) Old 10-24-2008, 05:54 PM
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If you use your chart to find out the date crude sell for 70 for WTI then go back to my chart to find out the historical price of the gas at that date. Use that date's price to compare with todays price at the pump, assume all other variable cost is the same, it will give you the idea of over/under priced gas today. Does it make sense ?

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post #17 of 26 (permalink) Old 10-24-2008, 06:02 PM
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Quote:
Originally Posted by daisound View Post
If you use your chart to find out the date crude sell for 70 for WTI then go back to my chart to find out the historical price of the gas at that date. Use that date's price to compare with todays price at the pump, assume all other variable cost is the same, it will give you the idea of over/under priced gas today. Does it make sense ?
Remember that those are diluted prices. did you take into account variations of production capacity, taxes, fees, transportation and seasonal demands? The comparison will not correlate price to wages alone. That was your initial point but if you broaden it you might see some light but that would be fleeting since you are looking at a sample that is not representative of world supply constraints or contentious equations over the supply chain in a conflicting environment riddled with speculative forces that misshape the platform upon which one can draw an observational conclusion.
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post #18 of 26 (permalink) Old 10-24-2008, 06:14 PM
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Welcome to the world of business. It does not matter what kind of quantitative analysis we are going to made, the variables are so many to affect the result. We just have to make an assumption at the end to be reasonable.
I saw few of your posts today, it comes with anger, bottom fishing must not working to well ?

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post #19 of 26 (permalink) Old 10-24-2008, 06:19 PM
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Welcome to the world of business. It does not matter what kind of quantitative analysis we are going to made, the variables are so many to affect the result. We just have to make an assumption at the end to be reasonable.
I saw few of your posts today, it comes with anger, bottom fishing must not working to well ?
Me angry? Never!
Bottom fishing? We got the BWOT A$$thread going to keep me happy for years
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post #20 of 26 (permalink) Old 10-24-2008, 06:27 PM
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Please explain the meaning of BWOT ?
Bottom Fishing the stock market. Do you have a catch ?

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