Online Gambling Running Out of Steam

dreamchaser writes "After a meteoric rise, online gambling companies appear to be taking a beating now with the loss of 33% in PartyGaming stock. Apparently the novelty is wearing off and no new players can be found. Why have you stopped playing?"

Comments

Re:Lack of Suckers

[ScentCone]

Hope against evidence that the price of gas will actually go down with the increase in available crude (actual crude price increase in past year 66%, gasoline price increase over same period 132%, source BBC)

Well, you will lose that gamble, because the problem isn't the price or availability of crude (though of course it's a factor). The problem is the lack of our own refining capacity. 4 of the 8 big refineries that were taken offline by Katrina are already back in action (hence the reversal in the gas prices already), but the other 4 are still being checked out. And, of course, all of the gulf coast people that work in those refineries have to live somewhere, and a lot of their houses just got flushed. And their local grocery store is going to have to be gutted and rebuilt. All of that stuff is way down stream from the crude supply/price.

Combine all of that with the fact that we haven't built a new refinery in 20 years, and can't seem to find a locale in the US that will tolerate a new one... well, you get the idea.