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[at-l] OT: Gas prices
If you're looking for the source of our current gasoline prices you can
forget about government conspiricies, Exxon-Mobil conspirices, and even Bush
or environmentalist conspiricies.
Simply look across the Pacific to China.
They are buying everything they can - and are subsequently forcing prices
up. If you were an investor, and invested in foreign (and some domestic)
natural resource stocks like ICON in Canada or BZF in Brazil, you'd have
made a lot of money (and still will) because these funds sell their
resources to China. China is directly responsible for the concrete shortage
in the US and a hellacious rise in mild steel prices in 2003. China caused
such a steel shortage in Japan last fall that Nissan had to idle some of
their plants for a few days and nearly had the same effect on other
companies.
China is working hard to build a middle class - and we are footing the bill.
China owns billions of dollars worth of US securities (we're running a
crippling deficit so we have to sell bonds to whoever will buy - and China
and Japan bought lots of them - and they were purchased with proceeds from
our purchases of Chinese (and Japanese) goods) and we all know that Wal Mart
is the largest importer in the world of Chinese goods. They get our money,
build their factories, buildings, dams, and roads with it (and pollute the
hell out of the air - to the extent that the pollution in some cities is so
heavily concentrated that it is reaching the US), and then sell us more
goods and the cycle continues. [I won't go into how they screw over US
companies - particularly computer hardware companies].
They are trying to build factories, power plants, shopping malls, cars, etc
to feed a growing middle class. Most of China is farmland but the farmers
are moving to the cities to find work. There's plenty of work so the
ex-farmers move into buildings (that are being buiilt as fast as is
possible) and they earn money that they can then use to buy things.
Essentially, they are becoming the middle class. The more their middle
class grows, the more demand there is for goods. There is a limited supply
of raw materials for those goods so the price goes up.
Charles
----- Original Message -----
From: "Walt Daniels" <wdlists@optonline.net>
To: <at-l@mailman.backcountry.net>
Sent: Thursday, August 11, 2005 11:50 PM
Subject: RE: [at-l] (no subject)
> Prices go up because of an inbalance between supply and demand. You can
> fix
> the balance by adjusting either or both of supply and demand. One can just
> as easily blame the corporations that produce inefficient cars and trucks
> that use more of a scarce resource.
>
>> -----Original Message-----
>> From: at-l-bounces@backcountry.net
>> [mailto:at-l-bounces@backcountry.net] On Behalf Of william fitzpatrick
>> Sent: Thursday, August 11, 2005 11:33 PM
>> To: at-l@mailman.backcountry.net
>> Subject: Re: [at-l] (no subject)
>>
>> Yep, durned environmentalists made us stop shooting buffalo
>> too. Guess where the price of buffalo went? They'll never learn.
>>
>> --- Shelly Hale <shellydhale@earthlink.net> wrote:
>>
>> > Take a look at this page I found, The Daily Post Athenian.
>> You can see
>> > this page at:
>> > http://www.dpa.xtn.net/dynamic/ViewArticle/128388
>> >
>> >
>> >
>> > Here's a short excerpt...
>> >
>> > Environmentalists are causing gasoline prices to soar
>> because of their
>> > unwillingness to support domestic oil production in areas like the
>> > Alaskan Arctic, U.S. Rep. John Duncan Jr. said.
>> >
>> > "If these gas prices go up, the people of this country can
>> thank the
>> > environmentalists," the Tennessee Republican said during a visit to
>> > Athens on Wednesday. "You've got these environmental people who ...
>> > want gas to go up to $4 and $5 a gallon so people won't
>> drive as much.
>> > If we sit around and let the gas go to those kinds of prices, it's
>> > going to hurt every sector of the economy."
>> >
>> >
>> >
>> > Tenacious Tanasi
>> >
>> > (Shelly Hale)
>> >
>> >
>> >
>> >
>> >
>> > http://groups.yahoo.com/group/hiking_backpacking_events/
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> > > No virus found in this outgoing message.
>> > Checked by AVG Anti-Virus.
>> > Version: 7.0.338 / Virus Database: 267.10.5/68 - Release Date:
>> > 8/10/2005
>> > > _______________________________________________
>> > at-l mailing list
>> > at-l@backcountry.net
>> > http://mailman.hack.net/mailman/listinfo/at-l
>> >
>>
>>
>> JestBill Ga--->Me '03
>>
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