Genuis of the year repository

[Hallbopping]

This thread is a repository for posts that were so insightful and educational that they elevated the discourse on PROC to previously unseen intellectual heights.

Naturally I’ll start with one of my own.

This one was a top top PROC post.

Just because the price has gone up significantly this week doesn’t mean there is gouging. Garages are being charged higher prices by their suppliers who are themselves being charged higher prices by the exporters/importers the buy the fuel from.

If there is gouging going on it’s much further upstream than the forecourts and likely not even taking place in Ireland.

 

[CaptainSensible]

This thread is a repository for posts that were so insightful and educational that they elevated the discourse on PROC to previously unseen intellectual heights.

Naturally I’ll start with one of my own.

This one was a top top PROC post.

It's a rubbish post, when prices of worldwide energy goes down, there is always a delayed reaction in the price reduction and we are told the reason is because companies have hedged fuel prices by buying futures/forward contracts and hence are locked in at the higher price, and this makes sense because that is how they operate.

Similarly when prices go up they are locked in at a lower rate, therefore the speed of the introduction of the price increase is purely down to gouging. The fact they are behaving as a cartel and other jurisdictions has behaved similarly has you fooled.

 

[El Guapo]

Genuis



Sounds like a French Philosophical movement from the 1760s

 

[Cloudy O'Ranieri]

Genuis



Sounds like a French Philosophical movement from the 1760s

A genuine genius.

 

[Hallbopping]

Genuis



Sounds like a French Philosophical movement from the 1760s

We are merely its modern custodians.

 

[El Guapo]

We are merely its modern custodians.

 

[Hallbopping]

It's a rubbish post, when prices of worldwide energy goes down, there is always a delayed reaction in the price reduction and we are told the reason is because companies have hedged fuel prices by buying futures/forward contracts and hence are locked in at the higher price, and this makes sense because that is how they operate.

Similarly when prices go up they are locked in at a lower rate, therefore the speed of the introduction of the price increase is purely down to gouging. The fact they are behaving as a cartel and other jurisdictions has behaved similarly has you fooled.

The Genuis school of thought was rarely appreciated in its own time.

 

[Hallbopping]

Keep the

The continental branch were pioneers in this area.

 

[jimmym]

Jermaine?

 

[Cormac]

Self praise is no praise.