WTF times? - WTF thread
08-09-2011, 02:51 AM
#1
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Oil fell from 99+ dollars a barrel (~07/26/2011) to well under 80 - that's almost 20%! HOW COME GAS AIN'T CHEAPER AT THE PUMP?!?!?!
WTF!!!
WTF!!!
08-09-2011, 05:47 AM
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Because it's quick to go up, but really slow to go down. The oil companies need the money, between record profits and continued government subsidies they can barely make ends meet. 
08-09-2011, 08:14 AM
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because it doesnt have to. gas prices could be $10 per gallon, you are still going to buy it.
there is a lot that goes into gas prices, including the strength of the US dollar, demand for fuel, oil production levels, and so on.
The USD is weak, oil prices drop, so does production, which decreases supply when demand remains the same. there are prob 100+ factors that go into it, i just rattled off a few, and I am not going to pretend to know all of them.
there is a lot that goes into gas prices, including the strength of the US dollar, demand for fuel, oil production levels, and so on.
The USD is weak, oil prices drop, so does production, which decreases supply when demand remains the same. there are prob 100+ factors that go into it, i just rattled off a few, and I am not going to pretend to know all of them.
it's still a W.T.F. IMO.
08-09-2011, 08:49 AM
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How about the fact that the Euro buys you over 1.4 US dollars, whereas seven years ago a Euro bought you 0.7 dollars. So you're getting twice as many dollars right now for your Euro as 7 years ago. So WTF is the reason we are paying record high prices for petrol over here right now. It should be dirt cheap with oil being priced in dollars.
It's a rhetorical question, I know the answer .... it's because they can.
It's a rhetorical question, I know the answer .... it's because they can.
08-09-2011, 07:31 PM
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How about the fact that the Euro buys you over 1.4 US dollars, whereas seven years ago a Euro bought you 0.7 dollars. So you're getting twice as many dollars right now for your Euro as 7 years ago. So WTF is the reason we are paying record high prices for petrol over here right now. It should be dirt cheap with oil being priced in dollars.
It's a rhetorical question, I know the answer .... it's because they can.
It's a rhetorical question, I know the answer .... it's because they can.
08-15-2011, 04:10 PM
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Not against the CHF... I missed a great trade there a couple of weeks ago, because wifey talked me out of it lol 
oh well, I kept the peace in the house at least
oh well, I kept the peace in the house at least
WTF!
08-18-2011, 01:55 AM
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My Ride: I have a 2007 Black Sapphire BMW 530i with SMG. It has the auburn interior, has PDC, Sports Package, Premium Package, rear automatic sunshades with manual side sunshades, 35% black tint, Upgraded angeleyes from Angelibrights, and Logic 7 Sound System
Model Year: 2007
Here is my WTF moment: I attend medical school and I was told that my loans would no longer be subsidized (meaning that the government pays the "interest" while I am in school so) and I would only be awarded unsubsidized (I have to pay the interest monthly and if I do not, then the interest compounds and is added to the principle MONTHLY). The money they supposedly saved will be going to undergraduate Pell grants, which you do not have to repay. On top of that, my tuition increased by 13%...what the "F" am I suppose to do. I will graduate with $300,000-500,000 in debt with all the interest. Granted we make a great salary, but I am paying on compounded interest for the next...10 years at least.
I know my situation is not that bad, but it sucks to be stuck in an unknown situation by the government when all you wanted to do was further your education and help others.
I know my situation is not that bad, but it sucks to be stuck in an unknown situation by the government when all you wanted to do was further your education and help others.