Democrats and high gas prices

[Tchocky]

True, the awkward thing about oil and energy prices is the knock-on effects they have on just about everything.

[SUBMAN1]

Originally Posted by August

I'd think that at least part of the price increases for iron ore has to be due to increased fuel costs for recovery and transportation.

Actually no. Demand in China and other manufaturing countries upped this price. Oil was not consummed in the same massive demand, so it can't be traced here.

-S

[August]

Originally Posted by SUBMAN1

Actually no. Demand in China and other manufaturing countries upped this price. Oil was not consummed in the same massive demand, so it can't be traced here.

-S

Huh?

It stands to reason that if your fuel costs rise that will be reflected in the price of your product, in this case iron ore. It doesn't just arrive at the processing plant on it's own you know...

[SUBMAN1]

Originally Posted by August

Huh?

It stands to reason that if your fuel costs rise that will be reflected in the price of your product, in this case iron ore. It doesn't just arrive at the processing plant on it's own you know...

Well, I have more data on that than you - proprietary data so I can't share. I'm sure it affects the situation a little bit, but not the massive rises that we have. Let me see if I can find some public graphs on that. The point being, when you are the originating source for the product, transportation has minimal effect, though it will always have some effect.

-S

PS. You might find some here - http://www.metal-pages.com/charts/

PPS. Futures on metals for example are headed back down by the way. Copper for example should lose 33% of its value in the next year.

[AVGWarhawk]

Originally Posted by SUBMAN1

Hardly. Global demand has increased about 1.9% per year. That doesn't equate to the price of $147 a barrel as it stands now, sliding dollar or not!

This is market manipulation. Some people need to be prosecuted.

-S

This thought gets my vote.

[August]

Originally Posted by SUBMAN1

Copper for example should lose 33% of its value in the next year.

So I guess i had better get off my butt and get the several hundred pounds of scrap wire we have built up down to the recycling plant asap then huh?

[SUBMAN1]

Originally Posted by August

So I guess i had better get off my butt and get the several hundred pounds of scrap wire we have built up down to the recycling plant asap then huh?

Guess so! Since if you don't your local gang of kids will do it for you! Stealing copper seems to be a common thing now days!

-S

[August]

Originally Posted by SUBMAN1

Guess so! Since if you don't your local gang of kids will do it for you! Stealing copper seems to be a common thing now days!

-S

Well yeah, at over a buck a pound there's some good coin to be made...

[SUBMAN1]

Originally Posted by August

Well yeah, at over a buck a pound there's some good coin to be made...

Even when it loses 33%, there is still some good coin to be made!

-S

[August]

Originally Posted by SUBMAN1

Even when it loses 33%, there is still some good coin to be made!

-S

Yeah but that's probably around $500 less i'll have to spend on new stuff for the class.

[SUBMAN1]

You teach science or shop?

-S

[August]

Originally Posted by SUBMAN1

You teach science or shop?

-S

Shop. The voice and data cabling unit generates a lot of scrap.

[SUBMAN1]

Originally Posted by August

Shop. The voice and data cabling unit generates a lot of scrap.

Huh??? You guys chewing up your wiring on occasion?

-S

[August]

Originally Posted by SUBMAN1

Huh??? You guys chewing up your wiring on occasion?

Every six months! Y'see each class (I have two per year) has to do a 48 location cable installation, 1ea Voice, data and video, after demo'ing what the previous class installed. I have them wind the old sections onto reels and use that for the next classes termination training. Once the pieces are two short for that then they go in the bin for recycling.

[Enigma]

Tsk. Tell me about it. With the Dems in the White House for the past 8 years and gas prices being what they are due to policies of all description. They should be thrown out on their arses.

Oh. Wait.....