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So let me see if I understand these economics.
I (big oil) am making, say, 8% or about 5 billion a year some time ago. Now crude goes up and my profit margin stays at 8%. My refining costs only go up marginally due to cost of living escalation. So my profits are essentially tied to the cost of crude. !!!!! We are strapped as far as refineries are concerned and can only produce a certain amount of fuel. The same amount we produced when gas was $2.00 a gallon. Now diesel fuel, which is a byproduct of gasoline production, is higher than gas. Where is the rational here. Is this in any way tied to the price of crude. If in fact this is the case, wouldn't it be feasible for me to put some "speculators" on the payroll to drive the price of crude into never before highs. I have enough money to protect them in the case of a downturn. Just wondering.
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White 84 GN w/87 drivetrain Upgraded and re painted. Be careful, that little white Regal next to you has slicks for a reason. |
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If things go remotely well in the plant world, we'll have bio-diesel in high amounts fairly soon. There are far better choices than soy beans or corn, and we're finally using some... AWESOME!
We have no urgent need to stop using fossil fuels for now, and we couldn't if we wanted to, unless we stop America almost completely. But if we use more and more plantlife, we can use less crude and it could be a major help, if we had more diesel powered vehicles too. Anyway, "big oil" isn't making record profit margins, just record profit. Only idiots think we can simply ween ourselves off oil quickly. We have more oil in America than ALL middle-eastern countries... Combined... All we need now is for our government to allow oil companies to do the job... |
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was that short enough for you Stephen Hawking? Last edited by BlackoutDrunk; June 16th, 2008 at 10:11 PM. |
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This sir is one very well said posts in any thread in quite some time!! You are saying the right thing here! It was never my point to say I wasn't for a free market. We (America) has gotten fat rich and lazy! Fat and rich I can live with lazy however I can't. Lobbyists are exactly the problem. Like when I said if oil people help you get elected, how do you pay them back. This is true everywhere in Washington. And certainly not limited to this admin. And certainly not limited to only oil people. When will we wake up and start voting for the people that want to do what's right for our country and not just for a party or industry? This was a major concern of mine when so many Dem. got voted into congress. It was change just for change, not because people thought they would be better for the job. This was also true about the last two Pres. elections. We voted a guy in because we wanted to have a guy in the oval office we wanted to have a beer with for god sake! Stupid! This starts with thinking for yourself, make the best decision with what information you have even if its a different party. Who cares about the stupid parties, get rid of the lobbyists and see how quickly we can change to old way of doing things because it just ain't working.
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The "costs" related to the oil companies refining crude has stay relatively the same. Which is why their "profits" have soared through the roof. Or shall I find you some information on the net to show you how "after costs profits" are determined? 2nd, the futures markets are driving the price of crude per barrel. It's not a supply vs. demand thing the Republicans are trying to sell us. If you removed Wall St. from the whole picture, we'd see the real cost of what a barrel of crude costs us. In its monthly market report, the Organization of Petroleum Exporting Countries said oil's recent volatility "reconfirms the view that current price levels do not reflect supply and demand realities." Oil closes below $135 after OPEC questions prices - NewsFlash - mlive.com What really tees me off about the Republicans in congress currently is, they say they need to drill more here in the U.S. Well, if that were the case, then why is most if not all of our domestic production going to China!? It's all bull. |
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We're at war? Right? Aren't we? A time when a country is supposed to all pull together? No price gouging and stuff like that? Man, where ol' Harry Truman and his old Dodge when you need him. I bet you were against the Anti-Trust laws that were fought for 100 years ago as well. Do you see any similarities with todays uber corps and violations of anti-trust laws? |
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Because it isn't. Do Libs just make upfacts? Is that how to become a Lib? If you really think that "most if not all of our domestic production going to China" you are complete dumbass and not worth even arguing with, so please go away. You have nothing to add. At least 30% of the oil we use in the US is from domestic sources. If "most if not all" were going to China, it would mean the US could be energy independent, if only we weren't giving all our oil to the Chinese ![]() If ANY oil is going to China its because our current emission laws don't allow us to refine it because the sulfur content is too high. The Chinese have never been too concerned about emission laws. Even your argument is stupid. If the Chinese will pay $140/bbl nobody in the US will, ALL of the oil will go to China until they are swimming in it and either 1) they don't want to pay $140/bbl and the price goes down or 2) Somebody else wants to pay $140/bbl for it and then it might go there instead of china and the price holds or goes up. If the "Republicans" got the Democrats in Congress to say "No more US Oil shipments to China" the Price in the US would go UP and the supply in the US would go down because an artificial limit would be placed on the supply. duh.
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UNGN My OOOOOLD Timeslips Page My OOOOOLD G-body Homepage 1986-87 Illustrated Parts Book Wil's Power Wheel Page |
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We produce about 10 million barrels a day domestically, we export a little over a 1 million barrels a day, we do less than 2 million of crude, gas, diesel, jet fuel and other refined products a day, combined, and China's not even in the top 15. Quote:
Hell we send 44 thousand barrels to the Bahamas a day, thats almost twice what we send to China.
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1996 BMW 740il 1991 3000GT VR4 TT 1989 TTA #844 heads, roller cam, TA60, JE piston, 52# injectors 1986 T-Type, Light Chestnut Metallic, PT51, Front Mount, 60# injectors, 1988 Mazda RX7, w/1989 TTA engine & trans, JE pistons, TA60 turbo, ported & polished heads, 212/212 roller cam, 52# injectors, Trans Pro SD, wideband |
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Oil companies over head has increased with the cost of fuel. Plus the cost of diesel to transport gasoline across the US has skyrocketed. So their costs are going up just like everyone elses. But yes they are still very profitable. Which doesn't bother me one bit, and I pay over $5.00/gal for diesel. Its not the oil companies fault the price of oil is up, but if they bennefit from that, then good for another American company.
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87 Buick Grand National 94 Ford Mustang GT w/Vortech SC 06 Chevy Silverado 2500 4x4 Dmax |
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I stand corrected. Something I heard a Democrat say on the house floor in the energy debate. I should have fact checked it.
But here an interesting story I found while fact checking your information. Quote:
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UNGN My OOOOOLD Timeslips Page My OOOOOLD G-body Homepage 1986-87 Illustrated Parts Book Wil's Power Wheel Page |
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Message boards are making America stupider everday because some nitwit posts something that he doesn't even know anything about, but because it's on the internet it must be true, then 100 other nitwits turn around and post the same thing. Research is great.....that IS my point......you should try it before you cite something you don't know anything about. That's your free lesson how to NOT be a nitwit anymore.
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Those who hammer their guns into plows will plow for those who do not! ~Thomas Jefferson |
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Is this the best you have? Quote:
PS..."after costs profits" is a term that doesn't even exist in the financial world. See my post above and take that advice too. Quit trying to talk about crap you KNOW NOTHING ABOUT. It will make you seem much smarter. If that was your attempt to come off like you know something......you missed.
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Those who hammer their guns into plows will plow for those who do not! ~Thomas Jefferson Last edited by BlownZ; June 19th, 2008 at 06:49 AM. |
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Do you not feel that tax breaks and low rate loans are a type of subsidy? Do you feel it's fair that our government is giving large tax breaks to oil companies and letting the working man of this country (truckers, the middle class, cab drivers, etc etc.) work harder for less money? Our government subsidized airlines during their time of great need and thats fine because the airline industry as a whole was in dire need. They are also giving huge tax breaks to oil companies which is a type of subsidy. If the oil companies are making huge profits why should they reap the benefits of our governments help while they are sticking it to us? How are they sticking it to us you might ask. There have been instances of oil companies buying refineries to shut them down thus lowering the supply and raising the demand. I had a post that some links on it that showed evidence of that type behavior. Also I never "railed on" I said I agreed with most of what you said except subsidies. The reason I don't agree on the subsidies part is that a truly free market wouldn't get help from a government. However companies are more than happy to take said help when it is offered so in my eyes they should have to answer or adjust their methods if the government comes knocking. This is America last time I checked and in essence WE are the government. Here's a free lesson for you. People respond better to constructive criticism and thoughtful debate not chest pounding and an elitist attitude. When for no good reason you call someone a "nit wit" and act like they are dumb you just look like a jerk off and no one respects the point you are trying to make whether you are right or wrong. If you truly care about your stance and want to change peoples minds you would treat them with at least a little respect. Last edited by BlackoutDrunk; June 19th, 2008 at 08:12 AM. |
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The republicans will call you a conspiracy theorist for that sometimes people just want to bury their heads in the sand and not see the truth |
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The NO BID contracts were given for 2 YEARS ONLY and given to American companies by the iraq Gov't because the American Co. have been working for the Iraq gov't for the last 2 years with NO PAYMENTS TO THE COMPANIES FOR THEIR WORK!! The deals for the four companies will be service contracts, in which they are paid for their work rather than offered a license for Iraq's oil deposits. Leave it to the LEFTARDS to get anything correct!
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Don't say anything, they have their moments, except maybe Goth.
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1996 BMW 740il 1991 3000GT VR4 TT 1989 TTA #844 heads, roller cam, TA60, JE piston, 52# injectors 1986 T-Type, Light Chestnut Metallic, PT51, Front Mount, 60# injectors, 1988 Mazda RX7, w/1989 TTA engine & trans, JE pistons, TA60 turbo, ported & polished heads, 212/212 roller cam, 52# injectors, Trans Pro SD, wideband Last edited by Turbo RX-6; June 19th, 2008 at 03:15 PM. |
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Do you have any facts about oil companies buying refineries to shut them down or did you read it somewhere and just decided to parrot it...which is my whole point. I can see you are taking none of my advice and want to continue to be like every other nitwit that argues based on emotion rather than on actual facts. I don't like paying higher prices for gas either.....count me in, but facts are facts. Quote:
Do you not see the irony just dripping from your every reply?? I made the assertion that you don't know what you are talking about, you admitted that you didn't and that I was right...and then keep right on yammering on about tax breaks and subsidies that you just said you know nothing about. Quote:
I wouldn't ever mock someone who truly didn't understand something or even wanted to understand, but someone who admits they don't and then goes on the attack with their lack of knowledge is definitely gittin it. Let me return the free lesson....smarten up.
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Those who hammer their guns into plows will plow for those who do not! ~Thomas Jefferson |
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1996 BMW 740il 1991 3000GT VR4 TT 1989 TTA #844 heads, roller cam, TA60, JE piston, 52# injectors 1986 T-Type, Light Chestnut Metallic, PT51, Front Mount, 60# injectors, 1988 Mazda RX7, w/1989 TTA engine & trans, JE pistons, TA60 turbo, ported & polished heads, 212/212 roller cam, 52# injectors, Trans Pro SD, wideband |
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I don't give a crap if you think I'm a nitwit because it's people like you who find out who the real nitwits are at the worst possible time. You must of accomplished all there is in life. Where is your autobiography? I want to read up on how to acquire all knowledge about everything. You don't want to debate you just want to degrade people and be harsh. You don't know me or anything about me and from the little I know about you I'm glad we'll never meet because your personality shines through. You're the type of guy who thinks the person who screams the loudest wins the argument. Prove me wrong. Apparently the world needs jerk-offs too. |
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I don't give a crap if you think I'm a nitwit because it's people like you who find out who the real nitwits are at the worst possible time. You probably voted for our nitwit president. You don't want to debate you just want to degrade people and be harsh. You don't know me or anything about me and from the little I know about you I'm glad we'll never meet because your personality shines through. You're the type of guy who thinks the person who screams the loudest wins the argument. Prove me wrong. Apparently the world needs jerk-offs too. |
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How many ways can you spell Duh. Quote:
I don't claim to know everything and when I don't know I just won't comment. It's an easy thing to do. Quote:
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Well Duh...that's why we keep Blob around.
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Those who hammer their guns into plows will plow for those who do not! ~Thomas Jefferson |
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I welcome a point, counter-point discussion as I want to learn and the current gas prices interest me. So step up, refrain from using insults, show everyone you're not just a know-it-all chest pounder who can easy tell people they are wrong without offering a reason and let's talk. I am ready to back up my stance and I am open to being proved wrong. If I feel I am wrong I can and will admit it, it wouldn't be the first and certainly won't be the last. I might be considered new here (I joined last year) but I'm not new to this planet. I know what's right and wrong. |
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ah ha I knew I would getcha to bite...
![]() Where do we start? What point should we start at and what do you consider reputable news/data sources? I really am sincere when I say I want to give you something to think about. I know I have no chance in hell in changing your stance but this will be good times. Sometimes arguing is fun. Come on smile I can tell you like a good debate.
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Let me just say this I have been doing a lot of reading and have found only one thing to be absolutely true and that is you can find as much info as you like leaning one way or the other. I tend to lean on the side that feels we are getting screwed so here are some links to articles I have found. I don't agree with everything in these articles, for example I don't agree that windfall taxes levied against oil companies are the answer. I think in the long run the money will come out of our pockets. I believe competition creates innovation and lower prices. I don't think flex fuels are the answer but a piece of the puzzle.
Like I said I know I won't change your mind but I would hope to give you something to think about. The energy situation we are in is nobodies fault but our own, we have been short sighted and greedy. We have not pushed for technological advances and competition until we were being hit in the pocket book. We have allowed lobbyists and big business to rule us rather than serve us. ...and yes I have read all of these articles. http://www.senate.gov/~gov_affairs/0...t/sectioni.pdf Public Citizen | Energy Program | Energy Program - U.S. Senate Testimony on Gasoline Prices Arizona Attorney General Terry Goddard Attorney General: Testimony Of Attorney General Richard Blumenthal Before The Senate Committee On Govermental Affairs http://hsgac.senate.gov/public/_files/052008Masters.pdf testimony TESTIMONY Nieman Watchdog > Ask This > How the refiners are profiting from your pain http://www.ftc.gov/os/testimony/0510...2006Senate.pdf http://www.citizen.org/documents/oilmergers.pdf Democrats.com Archive: oil industry http://www.tradewatch.org/documents/House08.pdf http://judiciary.senate.gov/testimon...43&wit_id=4957 http://www.ftc.gov/reports/gasprices...spricesrpt.pdf Friends of Senator Carl Levin · Senate Floor Statement on Oil and Gasoline Prices AP Analysis: Firms Crimping Oil Supplies US oil stocks evaporate to 27-year low | Business | The Guardian AGI/AIPG Geoscience & Public Policy Intern Article http://wyden.senate.gov/issues/wyden_oil_report.pdf |
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We all agree we're getting screwed in one way or another. The issue is how we go about stopping that screwing. The long term answer is several fuel sources. Removing oil is none of the answers, though that would please millions.
The oil companies aren't at all the only place to lay blame, but they desrerve some of it and sadly, bare most of it regularly. Our Congress deserves at least that amount, if not more. No, it isn't because they didn't control the oil industry. It's more because they made things difficult on everyone through all processes. And the problem today is COST! That cost is largely composed of the price per barrel. Since our Congress refuses to allow drilling for ALL our oil, we can't rightfully get to enough of it to scare any other producer and so, they won't lower prices. Meanwhile, we face conclusive problems nationally. Namely, rising cost of living... FAST! And since we're not making more per person, we need to control that rise... FAST! The only way to instantly affect any change is to open our sources and refineries, along with continuing to build and use as many alternatives as it takes to find the ones we really find will work for most. The oil companies cannot control all the different aspects or approaches or have all the answers. Congress can't either. The problem is, Congress THINKS it can! |
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uh no....you posted 27 links and failed to tell anyone exactly what it was you were trying to prove or were arguing about.
Hard to debate someone like that so I guess moving on is the right thing to do.
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Those who hammer their guns into plows will plow for those who do not! ~Thomas Jefferson |
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