Posted by JMS/.MN on January 31, 2009 at 17:40:56 from (209.237.107.155):
In Reply to: Gas prices posted by jayinNY on January 31, 2009 at 15:57:54:
Econ 101. Oil is a commodity, like grains, LP, gold, etc. Traded on the commodity market. Supply and demand have nothing to do with the price. Where have you been for the last two years? Investors left the stock market when they crashed that, went into the commodities market, ran the price of grains and oil sky high, and then pulled out. Ever hear of index funds? Not trying to defend oil companies, but where do they buy oil from? Commodity market! What is their margin of profit? "Big" profit? by what percentage of cash flow. Profit of any company dos not mean squat unless you tell the other side of the story- how many dollars of income and expense. ie, cash flow.
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Today's Featured Article - Talk of the Town: How to Remove a Broken Bolt - by Staff. Another neat discussion from the Tractor Talk Discussion Forum. The discussion started out with the following post: "I have an aluminum steering gear housing with a bolt broken off in it. The bolt is about a 3/8" x 1 1/2" bolt. I've already drilled the center of the bolt out with about 7/64" drill bit the entire length of the bolt. Only one end of the bolt is visible. I tried to use an easy out but it wasn't budging and I didn't want t
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