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Panicking Idiots Hoarding Gasoline
Scott en Aztlán wrote:
> This business about the leaky pipes in Alaska has a bunch of morons in > SoCal LINING UP to buy gasoline, even though prices are NOT rising and > there are NO shortages forecast. These ****heads are going to CAUSE > the very effect they are trying to avoid: by spiking up demand, they > are going to cause a spike in the price. > > Idiots. We have yet to feel any impact from the BP problem in Prudhoe Bay, but media has reported that it IS 8% of US production and that if they have to shut everything down, it could last until January - granted, there have been conflicting reports. But there is a common thread between this and the gas crisis in Arizona a couple years ago. Most are probably not aware of what happened in Phoenix back in '04, but a pipeline to the Phx metro area broke and all the gas had to be trucked in for about 3 weeks. There were gas shortages and prices went to $3 (when most of the nation was still shocked at paying up to $2) and a few isolated places were charging as much as $5 per gallon. Certainly panic and hoarding exacerbated the situation in Phoenix, but there is a common thread here. In BOTH cases, an oil supplier FAILED to maintain their pipelines until disaster struck causing a crisis. I'm not calling for more regulation - I want more competition. More competition would make gas pipeline failure disastrous only to the businesses that failed to maintain their pipelines, not consumers. |
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