[arin-ppml] ARIN-prop-146 Clarify Justified Need for Transfers

Sweeting, John john.sweeting at twcable.com
Thu May 5 14:12:14 EDT 2011

A large percentage of the price of a gallon of gas is attributable to Speculators, companies that never even take ownership of the oil, they just buy it and sell before it is even shipped.


On 5/5/11 1:24 PM, "Owen DeLong" <owen at delong.com> wrote:

> Based on the fact that you call it "petrol," i'll assume you're not in
> the United States. My trips to the gas station take about < 5 minutes.
> I would call that a testament to the free market.
As near as I can tell based on significant travel, gasoline or petrol
prices are quite artificially low in the united States compared to the
rest of the world. I don't actually know why that is, but, I would say
that the energy companies in the US are some of the best examples
of free market dysfunction that are available.

My trips to the gas station take between 5 and 45 minutes, depending
on the length of the line. The price of gasoline fluctuates randomly
and is obviously  detached from the realities of the costs of the raw
materials. The price only drops significantly after it has risen so much
so rapidly that there is public outcry and congress starts to seriously
consider additional regulation of the industry. Then it drops just enough
to silence the cries for regulation.

> But in all fairness, all governments have their hands in the cookie
> jar. Your government more so from what I can tell.
There are a number of possible explanations outside of the government's
hand in the cookie jar for the disparity in experiences at the gas pump.


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