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Oil Prices Down, but not at the pump?
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À
30/09/2008 11:56:04
Information générale
Forum:
Finances
Catégorie:
Articles
Divers
Thread ID:
01351644
Message ID:
01352130
Vues:
26
>>>>>Why is it that as soon as the price of oil goes up, it goes up at the pump immediately, supposedly because they forecast what it will cost them to replenish their stocks. But, when it goes down, as it did today, prices don't go down immediately as well since replenishing their stocks will cost less?
>>>>>
>>>>>
>>>>>http://biz.yahoo.com/ap/080929/oil_prices.html
>>>>
>>>>What is the real mystery to me is;
>>>>
>>>>How come petrol cost 1.10 EURO / Liter here, while you pay it $3.63 per galon there.
>>>>That would be 4.4euros per gallon. (Is that 7$ already ?)
>>>>
>>>>Is it that Europeans rafineries are just so inneficient that they cannot produce it any cheaper starting from
>>>>crude price or there is something else involved here.
>>>
>>>
>>>Perhaps it is like any other product, buying in bulk? We import 70% of our oil. We do have some of our own energy (30% of our oil usage is our own and keep in mind we have other sources of energy - just NOT enough), but the amount of energy we produce and use ourselves is probably enough to supply some of Europe...
>>>
>>>(Just kidding, but maybe not)
>>>
>>>Have you heard of the Pickens Plan?
>>>
>>>http://www.pickensplan.com/theplan/
>>
>>I just can't figure out how I would get a windmill on the back of my car ;-)
>
>Crazy Glue.

Here is a funny story I heard on David Letterman's show Monday night, combining the topics of cars and Paul Newman. At the beginning of the show Dave gave a long, heartfelt tribute to Newman, much more emotionally raw than his usual style of detached irony. The only other times I remember him being this way were the first show after 9/11 and the first show after his heart surgery, when he brought the whole hospital team who had treated him out on the stage. Not only had Paul Newman been on the show many times, they were neighbors in Connecticut and had become friends. He talked a lot about Newman's charity work, saying that's what it's really about, not fame or being a movie star but what we do for others. Anyway (eventually getting to cars) he told a long anecdote about Newman calling him up to say he was getting a Porsche engine put into a VW Rabbit he had by the guys who took care of his race cars, and did Dave want one, too? Dave said sure, I'll take one. Some funny stuff about Newman racing to the grocery store in his innocent looking little car, screaming through the gears. Then there was another similar escapade with two Volvo station wagons Newman had souped up, again one for him and one for Dave. Again Dave said sure. "You want the puffer on it, don't you?" Newman said. Dave was beaming as he told that, apparently at the thought that Newman thought he knew what a puffer was. One day Dave was driving down the highway with his girlfriend when the Volvo spontaneously caught fire, flames shooting out of the wheelwells. "I guess the puffer got too hot," he said. He said after driving it, if he got down on his knees and looked at the exhaust pipes, they were bright orange. (I suspect he made that part up). The segment concluded with a montage from Newman's appearances on the show. The first one showed Newman in the audience, pretending he had gone to the wrong theater, thinking he was going to see "Cats". That combination of star wattage without being full of himself was a rare thing indeed. Some people really should live forever.

Hell, I didn't need to write all that -- it's on YouTube. I should have guessed.

http://www.youtube.com/watch?v=vhwbDNNARxE

vhwbDNNARxE
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