Sad fact is that the price of oil is decided by a few people in some offices
and has very little to do with supply and demand.
My best guess is they throw a dart and where it lands is the price of oil
this week. < LOL>
The Bush family IS in oil, and with no chance to be re-elected after a
second term anyway, guess who's going to make sure he has a nice "retirement
package" set up after the next election.
So don't hold your breath that the "powers that be" will do anything other
than provide lip service.
At best,....as winter approaches they "may" subsidize heating oil and
natural gas, to keep people from rioting in the streets to stay warm.
The actual facts are that oil prices are set on the open markets and
currently are mostly controlled by two factors--increased demand
markedly influenced by rapid growth/exapnsion in China and India and the
rest of SE Asia and speculation based on current events and
inflexibility in both the producing a supply side. The latter effect is
readily observable simply by paying attention to the high correlation in
prices to world events and even things as small as threat of loss of
production owing to such events as hurricanes in the Gulf. While in
theory the loss of gasoline refinery capacity for a short time shouldn't
matter (in fact, <should> reduce demand for crude), it can be noted that
in the present speculative mode crude also tends to rise rather than
The price of crude oil is set by movements on the three major
international petroleum exchanges--
- New York Mercantile Exchange (NYMEX, http://www.nymex.com )
- International Petroleum Exchange in London (IPE,
- Singapore International Monetary Exchange (SIMEX,
The significance of the Bush family in the global oil markets is
absolutely inconsequential. They're nickel and dime players even in the
US. (Not that I wouldn't like a few of the nickels and dimes, but
reality is they just are not a sizable factor in the overall oil
The problem is that your omnipotent "powers that be" simply aren't...the
primary problem in the US continues to be the stranglehold on expansion
of domestic production (including exploration but primarily refining
capacity) owing mostly to environmental regulation and the "not in my
backyard" siting problems.
There's another problem of unintended consequences--the tightness of
supplies of natural gas is largely owing to the high conversion to gas
for producing electricity in order to reduce coal usage. This was one
of Al Gore's brilliant ideas (actually I doubt if it was Al's idea, I
don't think he's ever had one, but it was a strategy he was a major
18. Tom S Aug 26, 3:18 pm show options
Date: Fri, 26 Aug 2005 19:18:31 GMT
Local: Fri, Aug 26 2005 3:18 pm
Subject: Re: $19.02 for a toggle switch!
Reply | Reply to Author | Forward | Print | Individual Message | Show
original | Report Abuse
"That's the same logic that's having us pay $3 for a gallon of gas,
while oil companies rack up unprecedented and obscenely huge
If people stopped buying huge SUVs getting 12 MPG (like the one my
brother bought), the cost of gas would go down. You don't like the
price of gas? Get a fuel efficient car and it won't matter as much!
We as a country squander resources at enormous rates, then gripe about
the cost. We have huge houses, huge vehicles, and live in a throw away
My company service truck only gets 12 MPG, but I need a large vehicle
to carry all the stuff I need to take care of my customers. My family
car gets better fuel economy, and when the kids move out, we will get a
still smaller car! You just want someone else to pay for your wasteful
According to the link that switch is that much.
And note in the description "commercial grade"
you simply pay more for those, mainly because they are heavier duty and not
And the fact is those stacked switches are not that popular even in 15A.
.....you get a better quality switch, but if price is an issue do you really
while you still say you need 20A you also say it's for a duplex outlet.
But what kinds of loads do you plug in there ?
What gauge wire is hooked up to the switch /outlet #14 or #12 ?
what rating is the panel breaker on that circuit. ?
Not that it matters but you would really panic if you priced out some of the
"hospital grade - vapor sealed- stuff"
HomeOwnersHub.com is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here.
All logos and trade names are the property of their respective owners.