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Thread: Relationship of Gas Prices & Nuclear War

  1. #1 Relationship of Gas Prices & Nuclear War 
    Forum Radioactive Isotope zinjanthropos's Avatar
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    This is one I don't get. Some whackjob leader in another country starts talking armageddon and the price of gasoline goes up. I mean if nuclear war begins when I'm filling up at the pumps will it make any difference as to what price they charge?


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  3. #2  
    Forum Bachelors Degree The P-manator's Avatar
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    I guess if someone starts nuking the refineries or the pumps.


    Pierre

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    Forum Radioactive Isotope zinjanthropos's Avatar
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    Quote Originally Posted by The P-manator
    I guess if someone starts nuking the refineries or the pumps.
    Not talking 1000 lb. bunker busters here Pierre.

    If the world becomes a nuclear battlefield who will reap the benefits of price gouging? Is there anything wrong by making money because of a nuclear threat or is this the new economy?
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    Forum Bachelors Degree charles brough's Avatar
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    One thing that caused the price of oil to rise earlier this year was the war talk over Iran's nuclear power plans. If, or when, we do bomb Iran, you will see gasoline prices rise again. Where is the mystery about that? Iran produces a lot of oil and our bombing military machine consumes a lot of oil. Trade and shipment of oil would be threatened.

    But when the Administration took the issue to the UN where it lingered until now, the threat subsided and gasoline prices declined.

    It has nothing to do with nuclear war---yet!


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  6. #5  
    Forum Bachelors Degree The P-manator's Avatar
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    War may not have anything to do with it now, but it seems that the danger of war caused by oil is looming up...
    Pierre

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  7. #6  
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    Quote Originally Posted by The P-manator
    War may not have anything to do with it now, but it seems that the danger of war caused by oil is looming up...
    oil is now a publicly traded commodity and the prices set in the pits..so to speak. the price at the pump is set by the manager or owner of the place you get fuel, based on the contract from their source. on any given day this pit price can fluctuate about 1.00. future prices are also traded and this generally flows with the current price. predictable events (winter heating, summer driving) are built in factors and a good many geo-political, weather extremes, refiner problems or even pipe line problems can cause market changes.

    currently Saudi Arabia sets the price for its oil at the beginning of a month and holds to it for that month as do many others that supply the big oil refineries. w/o this factor oil prices would change hourly at your neighborhood station.

    Iran supplies much of the oil that Europe uses and what happens there indirectly affects our prices. i think the total world daily use is 20 million barrels per day and refining capacity about 20.5 million. produced or pumped capacity is somewhat over 25 but OPEC keeps it down to about what can to refined. if Iran was to shut down shipments for any reason 5 to 10 % of these figures would be disrupted though could for the most part be made up from other sources. the pipeline the problem and it gets complicate...

    remember when talking price of oil, your also talking; gas, diesel, heating oil, motor oil and thousands of oil based products, not just gas.
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  8. #7  
    Forum Bachelors Degree The P-manator's Avatar
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    Gas, oil, whatever, its reign is gonna end someday soon.
    Pierre

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  9. #8  
    Forum Radioactive Isotope zinjanthropos's Avatar
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    I think my point for this thread has got sidetracked so I guess there is only one thing to say...

    In the event of nuclear war the one positive we can take from it is that the oil companies will at least be rich.

    Will they have someplace to spend it? There is some kind of irony here. Threaten nuclear war, raise prices, get rich...all fine and dandy and I have no problem with it but if a nuclear holocaust breaks out then what good is it to even be rich?
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  10. #9  
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    Are you sure they will get rich? What if the prices go sky high and people just don't bother to pay that price anymore?
    Pierre

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  11. #10  
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    Quote Originally Posted by zinjanthropos
    I think my point for this thread has got sidetracked so I guess there is only one thing to say...

    In the event of nuclear war the one positive we can take from it is that the oil companies will at least be rich.

    Will they have someplace to spend it? There is some kind of irony here. Threaten nuclear war, raise prices, get rich...all fine and dandy and I have no problem with it but if a nuclear holocaust breaks out then what good is it to even be rich?
    the p-man is correct. in fact the oil company in dollar value, would be first to go to -0-. domestic oil would fall to 5.00 a barrel and one refinery would handle requirements. if you survived .50 gas or less.

    i didn't understand your question as a bash on Big Oil and went through an explanation on economics. in any event nuclear war is no longer an issue.
    any one that starts such action knows the only end result, even the USA.
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  12. #11  
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    Quote Originally Posted by zinjanthropos
    In the event of nuclear war the one positive we can take from it is that the oil companies will at least be rich.

    Will they have someplace to spend it? There is some kind of irony here. Threaten nuclear war, raise prices, get rich...all fine and dandy and I have no problem with it but if a nuclear holocaust breaks out then what good is it to even be rich?
    Well, yeah...thats the whole point of it all. If there's a nuclear war, it will probably be better to have oil (which has all sorts of uses) rather than money (which might have little use during a nuclear war). So, if a nuclear war seems likely, many people are willing to exchange large amounts of money for oil. Makes sense, yes?
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  13. #12  
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    What if there is an alternative to oil available? One that in the event of a nuclear war will seem very cheap when compared to oil?
    Pierre

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    Animal fat?

    After all in the event of such a war, we'ed all be melted....

    Just chuck a shovel in the pickup....
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  15. #14 Re: Relationship of Gas Prices & Nuclear War 
    Forum Cosmic Wizard icewendigo's Avatar
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    Quote Originally Posted by zinjanthropos
    This is one I don't get. Some whackjob leader in another country starts talking armageddon and the price of gasoline goes up. I mean if nuclear war begins when I'm filling up at the pumps will it make any difference as to what price they charge?
    IMO there are many factors that explain this.


    Here's my take on one of the factors...


    THere's an oligarchy that rakes in billions in Oil profit and they can affect prices...

    but although the demand is not elastic in the short term it can be elastic in the long term

    So they can wantonly jack up the price on an hostage consumer base for a short period of time and ride the profiteering gravy train, but they cant do this for too long or else alternatives to Oil will crawl out of the woodwork and people will DEMAND atlernatives (instead of whineing and wishing :? ).

    So they drool at the prospect of volatility, using any excuses to jack up the price but have consumers beleive its out of their hands and only temporary because this and that.


    Of course thats one factor, other more obvious factors also exist such as speculation and so on.

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  16. #15  
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    Yeah. OPEC really does treat us like dung-heads. I mean, haven't they figured out that some of us realize that they're just toying around with us?
    Pierre

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  17. #16  
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    OPEC is basically a collusive agreement between several oil producing countries. It shows you what's wrong with collusion.

    I think what Zinja's getting at is that oil prices are not really tied to anything genuinely economic.

    The only upward limit on what OPEC can charge is what would motivate people to simply come over there and take the oil by force. They'd charge infinity if they weren't afraid of that.
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