Dave,

Refinery output has not only kept pace but has excided it many,many
times AND had to cut back. Cut back usually due to lack of charge or
Tankage at capacity.

http://community.webtv.net/tassail/ThomPage

"Thom Stewart" wrote in message
...
Dave,

Refinery output has not only kept pace but has excided it many,many
times AND had to cut back. Cut back usually due to lack of charge or
Tankage at capacity.

If that's true, Thom, why is Big Oil whining about their inability to keep
up with demand? Inadequate supply, along with high crude prices, is the
primary reason they are giving for high prices at the gas pump.

My take on high pump prices is simply that Big Oil knows it has very
friendly allies in the White House and in Congress--allies who won't take
substantive action against runaway, windfall profits resulting from high
gasoline prices. Realize of course that having a Democrat president and
Congress would make little difference--both parties take huge amounts of
money from Big Oil for campaign finance. Until the public outcry is loud
enough that our government can't/won't ignore us, the high prices and
windfall profits will continue, IMO.

Max

"Maxprop" wrote in message
k.net...

"Thom Stewart" wrote in message
...
Dave,

Refinery output has not only kept pace but has excided it many,many
times AND had to cut back. Cut back usually due to lack of charge or
Tankage at capacity.

If that's true, Thom, why is Big Oil whining about their inability to keep
up with demand? Inadequate supply, along with high crude prices, is the
primary reason they are giving for high prices at the gas pump.

My take on high pump prices is simply that Big Oil knows it has very
friendly allies in the White House and in Congress--allies who won't take
substantive action against runaway, windfall profits resulting from high
gasoline prices. Realize of course that having a Democrat president and
Congress would make little difference--both parties take huge amounts of
money from Big Oil for campaign finance. Until the public outcry is loud
enough that our government can't/won't ignore us, the high prices and
windfall profits will continue, IMO.

Max



What distinguishes a windfall profit from just profit?

There's much bigger profits made from the internet than oil.

Why is profit bad?

Indeed! Profit is good for America. All thoses retired folks getting
nice dividends on investments, will trickle down and enflame the malls
with activity.

Google made more profit per dollar spent than Mobil Exxon.

Capt. Suzy
35s5
NY

"SUZY" wrote in message
oups.com...
Indeed! Profit is good for America. All thoses retired folks getting
nice dividends on investments, will trickle down and enflame the malls
with activity.

Google made more profit per dollar spent than Mobil Exxon.

The difference, Joe, is that people don't require Google for the daily
administration of their lives. They DO require petroleum products.

Max

Google is now key to many peoples livelyhood. It's a great tool.

I use more google than gas to make a living.

Capt. Suzy
35s5
NY

"Bob Crantz" wrote in message
...

"Maxprop" wrote in message
k.net...

"Thom Stewart" wrote in message
...
Dave,

Refinery output has not only kept pace but has excided it many,many
times AND had to cut back. Cut back usually due to lack of charge or
Tankage at capacity.

If that's true, Thom, why is Big Oil whining about their inability to
keep up with demand? Inadequate supply, along with high crude prices, is
the primary reason they are giving for high prices at the gas pump.

My take on high pump prices is simply that Big Oil knows it has very
friendly allies in the White House and in Congress--allies who won't take
substantive action against runaway, windfall profits resulting from high
gasoline prices. Realize of course that having a Democrat president and
Congress would make little difference--both parties take huge amounts of
money from Big Oil for campaign finance. Until the public outcry is loud
enough that our government can't/won't ignore us, the high prices and
windfall profits will continue, IMO.

Max



What distinguishes a windfall profit from just profit?

Profits earned while taking advantage of price hikes as a consequence of
events, such as natural disasters (e.g.--Katrina).

There's much bigger profits made from the internet than oil.

And what has that got to do with this discussion?


Why is profit bad?

Profit is fine, provided it is not exorbitant on commodities that people
require for earning their livings and living their lives. Say, for example,
that for some arcane reason food producers found themselves in a
monopolistic situation, like Big Oil, in which they could charge $11.50 for
a loaf of bread and $13.00 for a gallon of milk. Or shoe
manufacturers/importers found themselves in a similar situation and were
able to fetch $150 for the cheapest pair of shoes on the market. Of course
these things do not happen, thanks to competition, supply and demand. There
essentially is no competition in petroleum production-distribution these
days. It is highly monopolistic, and they can charge whatever they wish.
And they are doing so, using any available reason to "justify" their price
gouging. Current oil company profits are waaaay beyond their usual and
customary percentage of gross receipts.

Max

Maxprop wrote:
ly is no competition in petroleum production-distribution these
days. It is highly monopolistic, and they can charge whatever they wish.
And they are doing so, using any available reason to "justify" their price
gouging. Current oil company profits are waaaay beyond their usual and
customary percentage of gross receipts.

The Chief Excutive of Exxon Mobil, Lee Raymond will retire this year,
he's going to have a hard time making ends meet, his parachute is only
about half a billion, someone's got to pay for it.

Cheers
Marty

The Chief Excutive of Exxon Mobil, Lee Raymond will retire this year,
he's going to have a hard time making ends meet, his parachute is only
about half a billion, someone's got to pay for it.

Cheers
Marty


He worked for it...he dedicated his life to the company, and he was
smart enough to make them pay for that service.

Why do you have a problem with a smart hard working man leverging his
career to the max ?

Do you think a company is going to do it for him?
Do you think they do it for every slouch with the company?

The days of a golden watch, 30 yrs with the same company... and a nice
cush retirements are OVER!

Capt. Suzy
35s5
NY

"Martin Baxter" wrote
The Chief Excutive of Exxon Mobil, Lee Raymond will retire this year,
he's going to have a hard time making ends meet, his parachute is only
about half a billion, someone's got to pay for it.

How many such exec.s are there and if we somehow zeroed out their incomes how
much would that lower the cost of a gallon of gas??