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Topic: OT - Grumpy Old Man Thread

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bayareabadger

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Re: OT - Grumpy Old Man Thread
« Reply #1512 on: May 04, 2026, 03:07:40 PM »
Quote from: Brutus Buckeye on May 04, 2026, 02:41:33 PM
Oakland, Compton....
I got a buddy living in Oakland. Bought a modestly sized home in an area that’s not terrible, but I’d describe as far from nice. They paid a silly amount for the house. 
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bayareabadger

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Re: OT - Grumpy Old Man Thread
« Reply #1513 on: May 04, 2026, 03:09:01 PM »
Quote from: 847badgerfan on May 04, 2026, 02:34:06 PM
Gouging and Capitalism are not the same.
I beleive the freer market thinking doesn’t acknowledge gouging at all. It’s just a market at work. 

In what sense are we being gouged?
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betarhoalphadelta

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Re: OT - Grumpy Old Man Thread
« Reply #1514 on: May 04, 2026, 03:28:38 PM »
$7 / $4 = 1.75

$105 / $60 = 1.75

Seems like if you assume Badge's $7 vs $4 is accurate---although both are higher than the price he says he's paying in Paradise--the price of gas is tracking the price of oil? 

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847badgerfan

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Re: OT - Grumpy Old Man Thread
« Reply #1515 on: May 04, 2026, 03:48:07 PM »
We're up to $3.89 now.
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847badgerfan

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Re: OT - Grumpy Old Man Thread
« Reply #1516 on: May 04, 2026, 03:49:32 PM »
Gas always tracks with oil. It's gouging. Oil should be $80/barrel right now.
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utee94

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Re: OT - Grumpy Old Man Thread
« Reply #1517 on: May 04, 2026, 04:00:01 PM »
I paid $3.82 a couple days ago.

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bayareabadger

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Re: OT - Grumpy Old Man Thread
« Reply #1518 on: May 04, 2026, 04:25:39 PM »
Quote from: 847badgerfan on May 04, 2026, 03:49:32 PM
Gas always tracks with oil. It's gouging. Oil should be $80/barrel right now.
What’s the reason it should be? Do you think someone is holding back who shouldn’t?
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betarhoalphadelta

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Re: OT - Grumpy Old Man Thread
« Reply #1519 on: May 04, 2026, 04:30:58 PM »
Quote from: 847badgerfan on May 04, 2026, 03:49:32 PM
Gas always tracks with oil. It's gouging. Oil should be $80/barrel right now.
Sounds like someone who could be shorting oil futures contracts right now, if he knows better than the market what oil "should be" right now. 
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847badgerfan

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Re: OT - Grumpy Old Man Thread
« Reply #1520 on: May 04, 2026, 05:13:25 PM »
Quote from: bayareabadger on May 04, 2026, 04:25:39 PM
What’s the reason it should be? Do you think someone is holding back who shouldn’t?
Our domestic companies are to blame, IMO. There are no blockages in the Gulf or Permian areas.
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bayareabadger

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Re: OT - Grumpy Old Man Thread
« Reply #1521 on: May 04, 2026, 06:59:49 PM »
Quote from: 847badgerfan on May 04, 2026, 05:13:25 PM
Our domestic companies are to blame, IMO. There are no blockages in the Gulf or Permian areas.
The expectation is American oil should be sold to Americans at more reasonable prices?
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FearlessF

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Re: OT - Grumpy Old Man Thread
« Reply #1522 on: Today at 12:00:55 AM »
I don't expect it but I think $80/barrel is reasonable

a very reasonable profit
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847badgerfan

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Re: OT - Grumpy Old Man Thread
« Reply #1523 on: Today at 06:10:25 AM »
Quote from: betarhoalphadelta on May 04, 2026, 04:30:58 PM
Sounds like someone who could be shorting oil futures contracts right now, if he knows better than the market what oil "should be" right now.
I don't get into energy stuff. I'm just passing along information I've gleaned from others. I've got two friends here now who spent decades in the petro business in Texas.
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847badgerfan

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Re: OT - Grumpy Old Man Thread
« Reply #1524 on: Today at 06:28:04 AM »
Quote from: bayareabadger on May 04, 2026, 06:59:49 PM
The expectation is American oil should be sold to Americans at more reasonable prices?
Cost should factor in. The cost for E-M extracting oil has not gone up in the Gulf or in Texas. The cost for refining hasn't gone up.
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