Why Gas Prices are Rising

[_Kevin Graham]

I never watch this show, but I came across it tonight and felt it hit the nail on the head.

http://www.youtube.com/watch?feature=pl ... NumOfp-5XY

It pretty much sums it up in a nutshell.

It also explains why Obama is in a unique position to do something about it come June. Why this nimrod Bush appointed is refusing to limit speculators can only be explained by bribery.

[_bcspace]

I have no problem with it. But KG would have you think it was Republicans alone who brought those limits down. If he wants you to believe part of the video, then he must also accept the rest of the video on such history.

Ed is wrong right up front about supply and demand. Futures commodities rely on future supply and demand. It takes time to bring these commodities to market. Oil has to be brought out of the ground, processed, and shipped. A whole host of good or bad things can happen between the time it comes up from the ground to the time you put it in your car. Wheat has to be planted, grown, harvested and shipped. Before it becomes bread, insects and weather can ravage etc.

Not many people are going to drill an oil well or plant a wheat field unless they have some clue as to what the future price of a barrel or bushel will be. If the unit price of oil or wheat is low today, that is a future price. What you are actually paying for gas and bread today is based on a unit price driven by speculation on what today's supply and demand will be as was determined months ago.

So since the future is always speculative, there must needs be speculation in the market. As the video correctly states, producers, investors, and suppliers want and need to be protected from wide price swings before they commit resources and capital to produce future commodities and bring them to market. But yes, speculation can get out of hand and limiting it is a necessary function of government. Of course one must be careful such that such limitation doesn't become a price control......

All KG can illustrate though, is the fact that socialists (like himself) don't know how wealth is created. Since all socialists think that the only way to accumulate wealth is to steal it, it is their modus operandi and they must assume that everyone else does it. God knows how wealth is created, which is why He swims with free market capitalism, a completely neutral system with good or evil being introduced soley by the individual as agency dictates.

[_Kevin Graham]

And of course, the important thing to take away from bcspace's post, as usual, is that he still hasn't educated himself on the meaning of the word socialism.

Oh, and he thinks Jesus was a Capitalist!

He essentially provides the best case for Evangelicals who want to claim Mormons aren't Christians, because if Mormonism is necessarily capitalistic, then it cannot be based on New Testament theology.

[_Kevin Graham]

For sake of argument, let's see if bcspace is willing to explain for us what he believes in detail.

How is wealth created?

What do you consider "wealth"?

I already refuted Droopy's idiotic assertion that government does not and cannot create wealth, and I don't remember you ever stepping up to the plate to help him out.

[_Droopy]

Since all socialists think that the only way to accumulate wealth is to steal it, it is their modus operandi and they must assume that everyone else does it.

A salient truth indeed...on several levels.

[Guest]

And of course, the important thing to take away from bcspace's post, as usual, is that he still hasn't educated himself on the meaning of the word socialism.

No, he clearly has, and I've spent quite a number of years at such an education. We have your number Kevin, and you can't lie, dissemble, or wordplay your way out of either the philosophical substance of historical socialist thought, or its actual and completely consistent historical record.

Oh, and he thinks Jesus was a Capitalist!

Jesus' doctrine was and is to teach others correct principles and then allow them to govern themselves. Consequences follow rebellion against his commandments and against true principles.

He essentially provides the best case for Evangelicals who want to claim Mormons aren't Christians, because if Mormonism is necessarily capitalistic, then it cannot be based on New Testament theology.

One just has to love, in some twisted sense, Kevin's Sesame Street level philosophizing.

He's so cute when he's being bad.

[_Droopy]

How is wealth created?

What do you consider "wealth"?

Interesting to see how bc responds. What do you consider to be "wealth"?

I already refuted Droopy's idiotic assertion that government does not and cannot create wealth, and I don't remember you ever stepping up to the plate to help him out.

That's funny, because all I remember you doing was explaining it away through a process of special pleading.

Could you perhaps refute it again here for the sake of this contemporary post, so I can look at it again in detail for its logical coherence and evidential strength?

[_Kevin Graham]

Jesus' doctrine was and is to teach others correct principles and then allow them to govern themselves. Consequences follow rebellion against his commandments and against true principles.

ROFL!

Hardly. Nothing in the New Testament could ever be used to support this Mormonesque twist, and you know it. It is why you never provide any New Testament scripture to back up your claim. Neither does bcspace. He has to rely on some obscure Institute manual written by God knows who and approved quite possibly by the same guy who approved the Ensign entry "The thinking has been done" which was later rejected as opinion. The fact is Christ told us what to believe and how to act, with no leeway to "govern yourself" in ways contrary to the Gospel.

Neither of you really support anything you say, because you feel like assertion is all you need. This is why it is really pointless trying to argue with you. You refuse to answer questions and constantly pull a wade englund on us, by responding to questions with questions, or with silly hyperlinks, most of which don't even pertain to the subject.

[_The Nehor]

Jesus' doctrine was and is to teach others correct principles and then allow them to govern themselves. Consequences follow rebellion against his commandments and against true principles.

ROFL!

This is a correct teaching but I note how slyly they slipped in that capitalism was somehow a 'correct principle' without any support.

Correct principles come largely from scripture yet they give no scriptural support for capitalism. Where in the Bible or Book of Mormon do they find it?

Hardly. Nothing in the New Testament could ever be used to support this Mormonesque twist, and you know it. It is why you never provide any New Testament scripture to back up your claim. Neither does bcspace. He has to rely on some obscure Institute manual written by God knows who and approved quite possibly by the same guy who approved the Ensign entry "The thinking has been done" which was later rejected as opinion. The fact is Christ told us what to believe and how to act, with no leeway to "govern yourself" in ways contrary to the Gospel.

Indeed, but within the gospel we must govern ourselves.

[_bcspace]

And Obama just the other day just bashed the futures market as "betting". If getting the population riled up against the very economics that makes gasoline available, and no other kind of economics can do this, in order to get elected, then that just further brands him as the economic loser (girlie man) he is.

Correct principles come largely from scripture yet they give no scriptural support for capitalism. Where in the Bible or Book of Mormon do they find it?

By a complete absence of socialism and teaching on agency.