Has anyone noticed gas....

[WizeOne]

Re: Has anyone noticed gas....

Wow ,JB.
I think that this is the first time you actually admit that global warming is caused by the human race

I think we can safely say that it falls into the 'unintended consequences' catagory.

 

[xxturbowesxx]

Re: Has anyone noticed gas....

alot contributes to higher gas prices but i think the most immediate thing we can do is strengthen the dollar and economy.. europe is paying only $60 per barrel and we are paying $110 because of our weaking dollar.. also china and india are cutting a bigger piece of the pie and the US just doesnt have the power and control that we once had...switchgrass methanol i think would be a great option for us.. it produces more than 3x ethanol than corn..the economy should be the main focus of the future and everything will fall into place..also the government should release some of the reserve oil to drive prices back down like clinton once did..

 

[BoatBuoy]

Re: Has anyone noticed gas....

alot contributes to higher gas prices but i think the most immediate thing we can do is strengthen the dollar and economy.. europe is paying only $60 per barrel and we are paying $110 because of our weaking dollar...

Exactly!! In May of 2005, if a barrel of oil (or any other commodity) cost 60 euros, it would cost $76.92 in US dollars due to the then current exchange rate. That's how much our precious dollar has de-valued. In 2000, it would have cost a bit over $67.00USD roughly. I wonder what happened.

 

[WizeOne]

Re: Has anyone noticed gas....

alot contributes to higher gas prices but i think the most immediate thing we can do is strengthen the dollar and economy.. europe is paying only $60 per barrel and we are paying $110 because of our weaking dollar.. also china and india are cutting a bigger piece of the pie and the US just doesnt have the power and control that we once had...switchgrass methanol i think would be a great option for us.. it produces more than 3x ethanol than corn..the economy should be the main focus of the future and everything will fall into place..also the government should release some of the reserve oil to drive prices back down like clinton once did..

All valid points except for releasing the Strategic Reserve. Plus I really do not recall that Clinton doing so had much of an effect on the prices. It just made him feel like he was doing something.

Accept it or not, oil is going to be our overwhelming energy source for the forseeable future regardless of what the Al Gores say. There are no magic wands. Short term fixes are a joke when the real remedy is at hand. We are being cheated by our politician and all the flim flam environmentalist whackos.

We need to drill, drill, drill, and drill some more. We need nuclear reactors. We just plain need to free ourselves from the grips of those who would revel in this economy going into the tank and us back to driving horse and buggy and scooping poop out of the streets.

Anything short of this is nothing but hot air and wishfull thinking.

 

[BoatBuoy]

Re: Has anyone noticed gas....

Plus I really do not recall that Clinton doing so had much of an effect on the prices. It just made him feel like he was doing something.

Clinton didn't do it to relieve long-term prices. That would have been only postponing the inevitible. He did it to "cushion a sudden supply shortfall" which was causing temporary price increases. But Bush certainly has had an effect on prices, hasn't he.

...regardless of what the Al Gores say.

Purely political statement.

...and all the flim flam environmentalist whackos.

There you go again.

We need nuclear reactors.

Absolutely.

 

[heycods]

Re: Has anyone noticed gas....

If one gas station has a pipeline and the other requires it to be trucked in, that would make up that difference. Just a thought.

We are so far out in the boonies, everything is trucked in, the same truck delivers to both stations (owned by same chain) and thier is still 11cents dif. Its pure price gouging because in one town they have the only gas pumps.

 

[SgtMaj]

Re: Has anyone noticed gas....

We are so far out in the boonies, everything is trucked in, the same truck delivers to both stations (owned by same chain) and thier is still 11cents dif. Its pure price gouging because in one town they have the only gas pumps.

Well, they are all price gouging. You don't make 40 billion in profits per year without price gouging... 2 billion, sure, but 40 billion? C'mon.

I just hope the next administration locks them all up for life for what they've been doing.

 

[External Combustion]

Re: Has anyone noticed gas....

If you think they are price gouging, buy stock and share their wealth. They are all publicly traded corporations. Oil companies are not even close to the high dividend companies that my retirement account trades in, but they are a steady producer. Price gouging? Try funiture or clothing. Both of them are necessities also.

 

[mscher]

Re: Has anyone noticed gas....

As almost everything you hear on the "News", what they DON'T tell you is nearly as important as what they do.

If referring to Exxon/Mobil, The scary "$40 Billion Dollars" profit is in fact based on sales of around 400 billion, which equals about 10% profit, in line with other corporate profit averages.

The "News" also fails to mention that Exxon has been paying an average of $27 billion a year, in income taxes.

Not surprising that no one hears that US food/ethanol baron, Archer Daniels Midland, profits were up 65%.

 

[SS MAYFLOAT]

Re: Has anyone noticed gas....

I keep hearing about that their profits are inline with other corporations. I'm very curious to know, "Does these other corps get their product out of the ground? IMO, it should be compared to other companines that get their product out of the earth.

Maybe they are comparing profits with big legal firms or software comapanies. That is like comparing potatoes to apples. One is in the ground and the other is up in the tree. I just don't get it to be honest.

 

[SgtMaj]

Re: Has anyone noticed gas....

If you think they are price gouging, buy stock and share their wealth. They are all publicly traded corporations. Oil companies are not even close to the high dividend companies that my retirement account trades in, but they are a steady producer. Price gouging? Try funiture or clothing. Both of them are necessities also.

I haven't heard any furniture or clothing manufacturers bringing in a 40 billion dollar profit...

As almost everything you hear on the "News", what they DON'T tell you is nearly as important as what they do.

If referring to Exxon/Mobil, The scary "$40 Billion Dollars" profit is in fact based on sales of around 400 billion, which equals about 10% profit, in line with other corporate profit averages.

The "News" also fails to mention that Exxon has been paying an average of $27 billion a year, in income taxes.

Not surprising that no one hears that US food/ethanol baron, Archer Daniels Midland, profits were up 65%.

By the way, that 27 billion in taxes, didn't get paid from that 40 billion... it was paid before that 40 billion... hence the word, profit instead of revenue. If we were talking about revenue, it would be a whole different story, but we're not.

While it wouldn't be ethical of them to not be profitable, it's also not ethical of them to make excessive profits to the detriment of their customers. In this case, it's also not legal because of the way they've done it. Just like it wasn't legal when cerial manufacturers tried it.

 

[External Combustion]

Re: Has anyone noticed gas....

I will agree that this year the oil companies profits are up. Other years they are down. We don't whine so much when they are down. The overall average has to be there though or investors will take their money elsewhere.

As to whether the product comes out of the ground or not, I am curious why it would make any difference to you as an investor exactly what bussiness the company was in, or how exactly it made it's profit (legal and moral of course) as long as where you had your investment dollar gave you more money as compared to another company that will give you less.

Things change daily and that is why you have to spread your investment dollar around several industries to keep your income safe.

The furniture industry does not make $40 billion only because it doe not sell that much funiture. Simply that.

Had the electric power industry came of age at the same time as the petroleum industry and been regulated in the same way we would be regaled with the tales of "windfall profits" and "immoral price gouging" about the cost of electricity. The simple fact is that the profits are guarenteed for the electric producer and not the oil industry. This allows those who produce electricity to borrow to make new plant, upgrade old ones and recover from losses such as tornado damage. Last time I checked my retirement account the return from the electric investments was around 6%. Close to the 10 year average of the oil investments. Not an exciting return, but very steady and safe.