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Old 02-21-2003, 01:30 PM   #11
Ronn_Bman
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Join Date: March 11, 2001
Location: North Carolina USA
Age: 57
Posts: 5,177
Sadly, a price per barrel increase or anything that adversely effects oil supply causes an immediate price increase at the pumps here in the US. Even though the gas that they're selling from their underground tanks wasn't effected(it was bought, processed, and delivered before any increase in price), but if the price of oil begins to drop, it takes months for us to see that savings at the pumps because the stuff in the ground cost more than the going price.

It's a pretty nice racket...

Several US Congressmen have, again, called for an investigation, but it's always been obvious that it's gouging. We should have seen an increase due to the Venezuelan shutdown, but the current price is quite a bit more than that situation can justify.

The industry is taking advantage of the Iraq situation by raising the price, despite the fact that the Middle Eastern supply has not been effected. When and if that supply is effected, it's a legitimate increase. Raising the price on pure speculation to protect against any possible future loss should be criminal. Reminds me of the guy who raised his price to $5 a gallon after the September 11th attacks.
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Old 02-21-2003, 01:36 PM   #12
Moiraine
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Join Date: March 1, 2001
Location: Up in the Freedomland Alps
Age: 59
Posts: 2,474
This made the lead news on the last report on the French radio - they say it is probably an accident.

I am sad for all the people who lost a friend or family member - and I hope all IW people living in NYC are allright ...

[ 02-21-2003, 01:37 PM: Message edited by: Moiraine ]
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Old 02-21-2003, 03:53 PM   #13
Ronn_Bman
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Join Date: March 11, 2001
Location: North Carolina USA
Age: 57
Posts: 5,177
All reports here indicate an accident as well.
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Old 02-21-2003, 04:00 PM   #14
Pilot Canidate
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Join Date: June 30, 2002
Location: Stafford, Virginia (Former resident of Guantanamo Bay, Cuba
Age: 37
Posts: 40
I also give my sympathy to anybody that was hurt, if any, and I hope that all IW members are alright in New York.
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