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Why gas is $5.00/gal
Canuck57 wrote:
On 23/04/2011 1:27 PM, Harryk wrote: Canuck57 wrote: On 23/04/2011 6:25 AM, Harryk wrote: A very nice apologetica that conveniently makes no mention of the greed factors. I love this line: "In other words, it's not profitable to build new refineries and refine more oil because the lower price of gas won't provide sufficient return on investment." Right, I believe that b.s., just as I believe all the other oil company lies. Funny, they start your own oil company and prove them wrong.... oh wait, Harry is broke. Uh, only in your dreams, po' boy. Well, if you had some money to invest you wouldn't be gripping so much. I rest my case fleabagger. You misunderstand, my dumb correspondent. I'm griping about the oil companies as examples of corporations that need to be controlled. The increased petrol prices aren't causing me any pain. I do, however, shop for bargain prices, which is why I shop at our local market, which earns me ten cents off a gallon for every hundred dollars I spend. |
Why gas is $5.00/gal
On 23/04/2011 3:31 PM, Harryk wrote:
Canuck57 wrote: On 23/04/2011 1:27 PM, Harryk wrote: Canuck57 wrote: On 23/04/2011 6:25 AM, Harryk wrote: A very nice apologetica that conveniently makes no mention of the greed factors. I love this line: "In other words, it's not profitable to build new refineries and refine more oil because the lower price of gas won't provide sufficient return on investment." Right, I believe that b.s., just as I believe all the other oil company lies. Funny, they start your own oil company and prove them wrong.... oh wait, Harry is broke. Uh, only in your dreams, po' boy. Well, if you had some money to invest you wouldn't be gripping so much. I rest my case fleabagger. You misunderstand, my dumb correspondent. I'm griping about the oil companies as examples of corporations that need to be controlled. The increased petrol prices aren't causing me any pain. I do, however, shop for bargain prices, which is why I shop at our local market, which earns me ten cents off a gallon for every hundred dollars I spend. So why would you control private business? So it can be as efficient at disposing of money as Government Motors? Please, I could use a good laugh. Specifically in detail how government sticking its nose in supply and demand is going to work -- without massive debt and taxation of course... If I were Canada, Venezuela, Brazil, Saudi, or whomever, why would I sell it to you below cost? -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
On Fri, 22 Apr 2011 14:31:59 -0700 (PDT), Frogwatch
wrote: Of course Obama blames "speculators" because that is ALWAYS the reason why gas costs anything. It is a bit like saying the sky is blue because it bluish colored. However, what Obama actually means is that in this context, "speculators" is a code word for "reaql uh no. it's speculators. they caused a similar run up under the white guy who preceded the guy you hate because he's black |
Why gas is $5.00/gal
On Sat, 23 Apr 2011 09:22:54 -0400, A_boaterer wrote:
In article , payer3389 says... Frogwatch wrote: Of course Obama blames "speculators" because that is ALWAYS the reason why gas costs anything. It is a bit like saying the sky is blue because it bluish colored. However, what Obama actually means is that in this context, "speculators" is a code word for "reaql Indeed, we have to be on the alert for "reaql..." Hey, we know you're a bat**** crazy rightie, and you just can't live with the fact that the black guy with the funny name was elected president over your tired-out old fart McCain and his ditzy sidekick. Too bad. Didn't take Harry long to throw up the race card!!! he's simply leaving the dead cats on the doorstep the racists are those who think obama's been pres since 29 |
Why gas is $5.00/gal
On Fri, 22 Apr 2011 17:04:40 -0600, Canuck57
wrote: On 22/04/2011 4:26 PM, Lil Abner wrote: On 4/22/2011 5:31 PM, Frogwatch wrote: Of course Obama blames "speculators" because that is ALWAYS the reason why gas costs anything. It is a bit like saying the sky is blue because it bluish colored. However, what Obama actually means is that in this context, "speculators" is a code word for "reaql In 2008 congress passed a Law to stop the fixing by the Speculators. The Administration was supposed to come up with the regulations. Wall Street hedge Funds and Speculators are pushing back with huge money to kill it. Obama green wienies want higher prices. They want to force electric cars on Americans. It doesn't matter, that we cannot take on more debt and our personal economies are in a tailspin. Obama in threatening to go after Speculators turned right around and turned the whole pr thing into buy electric cars and get rid of 8mpg SUVs. This shows stupidity on somebody's part. it show the green wienies don't know what they are talking about. Very few get 8mpg unless they are in 4 wheel drive low range running up a muddy forest road. I am waiting to see a Prius or Leaf hauling a family and luggage or a baseball team and gear. I would like to know how in the hell you tow or carry five or six bales of hay with a Prius. i bet it is lovely keeping cool, in Miami when it is 100 degrees and 100% humidity in an electric car for blocks and miles on end. Our survival and economy don't mean squat to Washington. Their agenda and or die. There is not any shortage of oil nor will there be for the foreseeable future. Ethanol is a load of expensive destructive BS. I filled up with that crap a few days ago. The truck would hardly start just now. It bucked and ran rough. Filled it with real gas, a bit a go, and it does fine except it drained my wallet. Now over 400.00 for three vehicles in 2 weeks. 51.00 a while ago for a half tank. Follow the money. Who's getting rich off electric cars and infrastructure? They see Multicultural Britain and France and evidently want to imitate hell here for Americans. What a bunch of run on like diarrhea. Print too much money, the money becomes worth less. There is no difference between a stock in a company and money stock. DC doubles the money supply, each USD stock will be worth 1/2 as much for 100% inflation. gee. core inflations been running about 2% for about 5 years. but he's got a chance to take a shot at the black pres, so why not? It is that simple. You didn't think all that Obama debt was free it was bush debt but he's got a chance to take a shot at the blace pres... Keep on voting Obama, I like this. Makes your labor cheaper by value as I preserve my value. And less competition for stuff as you Obama debt worshiping idiots are broke. yeah let's vote GOP they'll kill medicare and transfer all senior's money to wall street! that'll show 'em!! |
Why gas is $5.00/gal
On Fri, 22 Apr 2011 19:33:15 -0400, Lil Abner wrote:
Obama's oufit and Ayers has an agenda to socialize America regardless of or in spite of the cost to Middle America. They are in bed with Wall Street on many issues. face it. how can obama be BOTH a socialist AND a wall street pawn?? you right wingers are SSOOO stupid in addition it's the RIGHT that deregulated us into a plutocracy owned by wall street |
Why gas is $5.00/gal
On Fri, 22 Apr 2011 23:00:47 -0400, Wayne.B
wrote: On Fri, 22 Apr 2011 18:20:57 -0700 (PDT), Tim wrote: On Apr 22, 4:31*pm, Frogwatch wrote: Of course Obama blames "speculators" because that is ALWAYS the reason why gas costs anything. *It is a bit like saying the sky is blue because it bluish colored. *However, what Obama actually means is that in this context, "speculators" is a code word for "reaql Here's a reasonable explanation why: http://www.helium.com/items/2143049-...-costs-so-much Let's not try to confuse them with the facts. They won't appreciate it, and they're confused enough already. One thing is for sure however - $4 gas really stings when you're filling up a runabout or pickup truck. Apparently Amex has a $85 limit on card purchases at the pump. I got cut off the other night a few gallons short of a full tank. Learn something new every day. :-) how does this article explain anything? where's the DIFFERENTIAL cost of gas? is refinery capacity 20% less than it iwas a year ago? I dont think so! |
Why gas is $5.00/gal
On Sat, 23 Apr 2011 12:54:24 -0600, Canuck57
wrote: Or, you can go to anotehr country and refine it, be able to ship anywhere in the world and you can but bad management, bust unions and whatever it takes to get a proper 15% return on investment i love it. bust unions many oil refineries in the US are in TX which is a right to work state IOW the asshole canuck doesnt know **** about the US Or if you don't want to go international and are risk adverse, just buy an oilfield or gold and wait. So why invest in a hyper-inflationary anti-business USA again? HAHAHAHA anti business US... the US is a plutocracy where the SCOTUS just legalized corporate purchase of elections and he says wer're anti business! |
Why gas is $5.00/gal
On Sat, 23 Apr 2011 16:53:45 -0600, Canuck57
wrote: So why would you control private business? So it can be as efficient at disposing of money as Government Motors? let's see...in the last 3 years, efficient private business cost the US TEN TRILLION in national wealth. so much for THAT little piece of right wing bull**** |
Why gas is $5.00/gal
On Sat, 23 Apr 2011 19:28:16 -0400, wf3h wrote:
On Fri, 22 Apr 2011 14:31:59 -0700 (PDT), Frogwatch wrote: Of course Obama blames "speculators" because that is ALWAYS the reason why gas costs anything. It is a bit like saying the sky is blue because it bluish colored. However, what Obama actually means is that in this context, "speculators" is a code word for "reaql uh no. it's speculators. they caused a similar run up under the white guy who preceded the guy you hate because he's black Damn speculators. Why aren't more people doing it? Let's go halves on a tanker load and resell it on EBAY. Anybody else want in on the deal? We're going to need a dock, tank farm, distribution network, trucks, pipelines and a whole sh*t load of permits. With some help from Wall Street we can probably get 90 day financing. |
Why gas is $5.00/gal
On Sun, 24 Apr 2011 08:36:48 -0400, Gene
wrote: On Sat, 23 Apr 2011 20:32:45 -0400, Wayne B wrote: On Sat, 23 Apr 2011 19:28:16 -0400, wf3h wrote: On Fri, 22 Apr 2011 14:31:59 -0700 (PDT), Frogwatch wrote: Of course Obama blames "speculators" because that is ALWAYS the reason why gas costs anything. It is a bit like saying the sky is blue because it bluish colored. However, what Obama actually means is that in this context, "speculators" is a code word for "reaql uh no. it's speculators. they caused a similar run up under the white guy who preceded the guy you hate because he's black Damn speculators. Why aren't more people doing it? Let's go halves on a tanker load and resell it on EBAY. Anybody else want in on the deal? We're going to need a dock, tank farm, distribution network, trucks, pipelines and a whole sh*t load of permits. With some help from Wall Street we can probably get 90 day financing. Sorry, you are too late..... the guys that already had all of that are reaping all the profits...... re-read that thing about frugality.... proactiveness is number one..... now they have to run to the GOP to get a tax break on the profits. leona helmsley is a god to the GOP. 'only the little people pay taxes' |
Why gas is $5.00/gal
On 23/04/2011 5:42 PM, wf3h wrote:
On Sat, 23 Apr 2011 16:53:45 -0600, wrote: So why would you control private business? So it can be as efficient at disposing of money as Government Motors? let's see...in the last 3 years, efficient private business cost the US TEN TRILLION in national wealth. so much for THAT little piece of right wing bull**** Market was overdosed on DEBT bubble, and it burst. Market just reacted. But I will thank our liberal leftie money for nothing debtors...it presented a once in a lifetime buying opportunity. But then, that is the difference between the seasoned investor and a knee jerk. The fact that so many were blinded by liberalism debt greed, well, isn't a righties fault. Just envy on the left as many sold at the bottom when they should have been buying....but then again they had too much DEBT. Maybe someday the fleabaggers will understand the who depression circles around mismanaged debt by the left and by the corrupt. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
In article , payer3389
@mypacks.net says... Canuck57 wrote: On 23/04/2011 1:27 PM, Harryk wrote: Canuck57 wrote: On 23/04/2011 6:25 AM, Harryk wrote: A very nice apologetica that conveniently makes no mention of the greed factors. I love this line: "In other words, it's not profitable to build new refineries and refine more oil because the lower price of gas won't provide sufficient return on investment." Right, I believe that b.s., just as I believe all the other oil company lies. Funny, they start your own oil company and prove them wrong.... oh wait, Harry is broke. Uh, only in your dreams, po' boy. Well, if you had some money to invest you wouldn't be gripping so much. I rest my case fleabagger. You misunderstand, my dumb correspondent. I'm griping about the oil companies as examples of corporations that need to be controlled. The increased petrol prices aren't causing me any pain. I do, however, shop for bargain prices, which is why I shop at our local market, which earns me ten cents off a gallon for every hundred dollars I spend. You should frequent mom and pop places instead of corporate Kroger. |
Why gas is $5.00/gal
On Sun, 24 Apr 2011 08:19:24 -0600, Canuck57
wrote: On 23/04/2011 5:42 PM, wf3h wrote: On Sat, 23 Apr 2011 16:53:45 -0600, wrote: So why would you control private business? So it can be as efficient at disposing of money as Government Motors? let's see...in the last 3 years, efficient private business cost the US TEN TRILLION in national wealth. so much for THAT little piece of right wing bull**** Market was overdosed on DEBT bubble, and it burst. Market just reacted. yep.the right wing deregulated the financial markets and ran the debt market up to stratospheric levels more reason we need to regulate wall street But I will thank our liberal leftie money for nothing debtors...it presented a once in a lifetime buying opportunity. But then, that is the difference between the seasoned investor and a knee jerk. gee. what did the liberal left do? you keep bleating this. but never get into specifics. is that because you're a racist who hates obama or because you're too stupid to know it was CONSERVATIVES who engineered the destruction of the US? The fact that so many were blinded by liberalism debt greed, well, isn't a righties fault. Just envy on the left as many sold at the bottom when they should have been buying....but then again they had too much DEBT. more cliches any specifics? no. i thought not. you ahve glen beck and rush and all the right wing blather and NO specifics at all. none |
Why gas is $5.00/gal
On 23/04/2011 5:40 PM, wf3h wrote:
On Sat, 23 Apr 2011 12:54:24 -0600, wrote: Or, you can go to anotehr country and refine it, be able to ship anywhere in the world and you can but bad management, bust unions and whatever it takes to get a proper 15% return on investment i love it. bust unions many oil refineries in the US are in TX which is a right to work state IOW the asshole canuck doesnt know **** about the US Or if you don't want to go international and are risk adverse, just buy an oilfield or gold and wait. So why invest in a hyper-inflationary anti-business USA again? HAHAHAHA anti business US... the US is a plutocracy where the SCOTUS just legalized corporate purchase of elections and he says wer're anti business! Government is for banking. Most people have their mortgages with Fannie or Freddie...now also add GMAC...and they are all bankrupt. While big money buys elections, last I checked it didn't buy your vote. Money buys advertising, they pick the Rep and Dem ponies, but you often can vote for a third option. But you don't. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
On 24/04/2011 6:54 AM, wf3h wrote:
On Sun, 24 Apr 2011 08:36:48 -0400, Gene wrote: On Sat, 23 Apr 2011 20:32:45 -0400, Wayne B wrote: On Sat, 23 Apr 2011 19:28:16 -0400, wrote: On Fri, 22 Apr 2011 14:31:59 -0700 (PDT), Frogwatch wrote: Of course Obama blames "speculators" because that is ALWAYS the reason why gas costs anything. It is a bit like saying the sky is blue because it bluish colored. However, what Obama actually means is that in this context, "speculators" is a code word for "reaql uh no. it's speculators. they caused a similar run up under the white guy who preceded the guy you hate because he's black Damn speculators. Why aren't more people doing it? Let's go halves on a tanker load and resell it on EBAY. Anybody else want in on the deal? We're going to need a dock, tank farm, distribution network, trucks, pipelines and a whole sh*t load of permits. With some help from Wall Street we can probably get 90 day financing. Sorry, you are too late..... the guys that already had all of that are reaping all the profits...... re-read that thing about frugality.... proactiveness is number one..... now they have to run to the GOP to get a tax break on the profits. leona helmsley is a god to the GOP. 'only the little people pay taxes' Nothing wrong with profits, after all you don't go to work for nothing do you? So why should my capital go to work unless I make a profit? No doubt, the Queen of Mean, Leona Helmsley was one mean bitch. But will say his she left $4 billion into a charity trust. Yep, it was a democrat supporter that coined "We don't pay taxes. Only the little people pay taxes.". Look it up, she loved Jimmy Carter, democrat. Go figure. So if you think Leona is GOP, please cite as I say BS to to. She was a democrat. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
Canuck57 wrote:
While big money buys elections, last I checked it didn't buy your vote. Money buys advertising, they pick the Rep and Dem ponies, but you often can vote for a third option. But you don't. A third option? Most of the "third option" candidates who run in this country are as bat**** crazy as you are. |
Why gas is $5.00/gal
On Sun, 24 Apr 2011 08:36:48 -0400, Gene
wrote: uh no. it's speculators. they caused a similar run up under the white guy who preceded the guy you hate because he's black Damn speculators. Why aren't more people doing it? Let's go halves on a tanker load and resell it on EBAY. Anybody else want in on the deal? We're going to need a dock, tank farm, distribution network, trucks, pipelines and a whole sh*t load of permits. With some help from Wall Street we can probably get 90 day financing. Sorry, you are too late..... the guys that already had all of that are reaping all the profits...... re-read that thing about frugality.... proactiveness is number one..... Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. |
Why gas is $5.00/gal
Wayne B wrote:
On Sun, 24 Apr 2011 08:36:48 -0400, Gene wrote: uh no. it's speculators. they caused a similar run up under the white guy who preceded the guy you hate because he's black Damn speculators. Why aren't more people doing it? Let's go halves on a tanker load and resell it on EBAY. Anybody else want in on the deal? We're going to need a dock, tank farm, distribution network, trucks, pipelines and a whole sh*t load of permits. With some help from Wall Street we can probably get 90 day financing. Sorry, you are too late..... the guys that already had all of that are reaping all the profits...... re-read that thing about frugality.... proactiveness is number one..... Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. I haven't seen anyone suggesting earning a profit is illegal or immoral. Questions arise when those profits become synonymous with rip-off, and that's what the petrol industry is doing, ripping us off. |
Why gas is $5.00/gal
On Sun, 24 Apr 2011 08:25:11 -0600, Canuck57
wrote: On 23/04/2011 5:40 PM, wf3h wrote: On Sat, 23 Apr 2011 12:54:24 -0600, wrote: Or if you don't want to go international and are risk adverse, just buy an oilfield or gold and wait. So why invest in a hyper-inflationary anti-business USA again? HAHAHAHA anti business US... the US is a plutocracy where the SCOTUS just legalized corporate purchase of elections and he says wer're anti business! Government is for banking. Most people have their mortgages with Fannie or Freddie...now also add GMAC...and they are all bankrupt. While big money buys elections, last I checked it didn't buy your vote. Money buys advertising, they pick the Rep and Dem ponies, but you often can vote for a third option. But you don't. which does nothing to address your bizarre statement that the US is 'anti business' and who do you vote for when the big money has idiots like you convinced that big money is big money because god wants it that way? |
Why gas is $5.00/gal
On Sun, 24 Apr 2011 08:46:42 -0600, Canuck57
wrote: On 24/04/2011 6:54 AM, wf3h wrote: On Sun, 24 Apr 2011 08:36:48 -0400, Gene wrote: Sorry, you are too late..... the guys that already had all of that are reaping all the profits...... re-read that thing about frugality.... proactiveness is number one..... now they have to run to the GOP to get a tax break on the profits. leona helmsley is a god to the GOP. 'only the little people pay taxes' Nothing wrong with profits, after all you don't go to work for nothing do you? So why should my capital go to work unless I make a profit? profits are not bad. what we have in the US is profits for the few and risk for the many the right wing enables this by continuing to assert that the rich are rich because, in the US, you're rich because you 'work hard' or you're 'smarter' or some other such bull**** the OBJECTIVE EVIDENCE shows this is WRONG. but the right continues to believe this MYTH No doubt, the Queen of Mean, Leona Helmsley was one mean bitch. But will say his she left $4 billion into a charity trust. and what was her use of money after she was dead? fine. let's get more dead rich people. sounds like a great idea Yep, it was a democrat supporter that coined "We don't pay taxes. Only the little people pay taxes.". Look it up, she loved Jimmy Carter, democrat. Go figure. So if you think Leona is GOP, please cite as I say BS to to. She was a democrat. which has ZIP to do with the fact the GOP has deregulated wall street to the point that bankrupting the US is legal and the right wing supports this. |
Why gas is $5.00/gal
On Sun, 24 Apr 2011 12:41:35 -0400, Gene
wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. |
Why gas is $5.00/gal
Wayne B wrote:
On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Well, then, we should keep Exxon and Chevron in our prayers, so they can continue to rape us while paying you dividends. |
Why gas is $5.00/gal
On Sun, 24 Apr 2011 20:39:41 -0400, Gene
wrote: On Sun, 24 Apr 2011 18:25:30 -0400, Wayne B wrote: On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Somehow, you are missing the reality that when Exxon loses money, the stockholders are ****ed..... when Exxon continues to make record profits in an otherwise miserable economy, they are sticking it to all of the users of gasoline.... one way or the other, the entire American population.... and to the entire American economy.... Let's not forget that they are entitled to make a profit no matter how miserable the economy might be. Their costs are going up, way up. Our cost will go up also. The dollar continues to depreciate. That's a result of our fiscal policies and upside down balance of payments. A strong dollar would result in cheaper oil, and that is what we've been used to in the past. |
Why gas is $5.00/gal
Wayne B wrote:
On Sun, 24 Apr 2011 20:39:41 -0400, Gene wrote: On Sun, 24 Apr 2011 18:25:30 -0400, Wayne B wrote: On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Somehow, you are missing the reality that when Exxon loses money, the stockholders are ****ed..... when Exxon continues to make record profits in an otherwise miserable economy, they are sticking it to all of the users of gasoline.... one way or the other, the entire American population.... and to the entire American economy.... Let's not forget that they are entitled to make a profit no matter how miserable the economy might be. Their costs are going up, way up. Our cost will go up also. The dollar continues to depreciate. That's a result of our fiscal policies and upside down balance of payments. A strong dollar would result in cheaper oil, and that is what we've been used to in the past. That's what, the fourth excuse Wayne has come up with the justify the rape of Americans by the oil companies. |
Why gas is $5.00/gal
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Why gas is $5.00/gal
On Sun, 24 Apr 2011 21:14:03 -0400, Harryk
wrote: That's what, the fourth excuse Wayne has come up with the justify the rape of Americans by the oil companies. Sorry if I confused you with the facts. Bottom line: You can't buy cheap oil with a weak dollar. Scarce resources cost more. He who has the gold makes the rules - same with oil. |
Why gas is $5.00/gal
On Sun, 24 Apr 2011 21:15:46 -0400, BAR wrote:
In article , says... On Sun, 24 Apr 2011 08:19:24 -0600, Canuck57 wrote: The fact that so many were blinded by liberalism debt greed, well, isn't a righties fault. Just envy on the left as many sold at the bottom when they should have been buying....but then again they had too much DEBT. more cliches any specifics? no. i thought not. you ahve glen beck and rush and all the right wing blather Bobby, have you gone through all 99 weeks of your unemployment yet? perhaps but fortunately for you and your family welfare goes on for a bit longer than that |
Why gas is $5.00/gal
On 4/23/2011 7:32 PM, wf3h wrote:
On Fri, 22 Apr 2011 19:33:15 -0400, Lil wrote: Obama's oufit and Ayers has an agenda to socialize America regardless of or in spite of the cost to Middle America. They are in bed with Wall Street on many issues. face it. how can obama be BOTH a socialist AND a wall street pawn?? you right wingers are SSOOO stupid in addition it's the RIGHT that deregulated us into a plutocracy owned by wall street How can China be Marxist and Capitalist. There are many apparent contradictions. Webster doesn't fit all the scenarios. The essence is herd the people for the socialist cause. Manage The People for the benefit of the upper regions of wealth Supply Side economics/govt. Corporatism. We seem to be receiving from both camps. Nothing like poor, discontented, crowded, but well monitored flexible labor pool for both camps. is this utopia or what? |
Why gas is $5.00/gal
On Sun, 24 Apr 2011 22:12:38 -0400, Gene
wrote: On Sun, 24 Apr 2011 21:05:44 -0400, Wayne B wrote: On Sun, 24 Apr 2011 20:39:41 -0400, Gene wrote: On Sun, 24 Apr 2011 18:25:30 -0400, Wayne B wrote: On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Somehow, you are missing the reality that when Exxon loses money, the stockholders are ****ed..... when Exxon continues to make record profits in an otherwise miserable economy, they are sticking it to all of the users of gasoline.... one way or the other, the entire American population.... and to the entire American economy.... Let's not forget that they are entitled to make a profit no matter how miserable the economy might be. Their costs are going up, way up. Our cost will go up also. The dollar continues to depreciate. That's a result of our fiscal policies and upside down balance of payments. A strong dollar would result in cheaper oil, and that is what we've been used to in the past. Corporations are not, like any individual, entitled to commit treason with impunity.... no matter how important profit is, to some self centered investors... Strong words Gene. I always believed you were more thoughtful than that (unless you are being spoofed of course, in which case I apologize). Someone has to explore for this oil, pump it, refine it and deliver it to us. There has to be a profit in that to provide the incentive to find and pump more of it, just like any other business or any other product. What about the farmers? They also supply an essential product wouldn't you agree? Right now they are reaping sky high profits on corn because our government thought it was a good idea to burn ethanol as fuel. Should we accuse the farmers of treason for making increased profits on an essential product? |
Why gas is $5.00/gal
On Sun, 24 Apr 2011 23:39:21 -0400, Wayne B
wrote: On Sun, 24 Apr 2011 22:12:38 -0400, Gene wrote: On Sun, 24 Apr 2011 21:05:44 -0400, Wayne B wrote: On Sun, 24 Apr 2011 20:39:41 -0400, Gene wrote: On Sun, 24 Apr 2011 18:25:30 -0400, Wayne B wrote: On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Somehow, you are missing the reality that when Exxon loses money, the stockholders are ****ed..... when Exxon continues to make record profits in an otherwise miserable economy, they are sticking it to all of the users of gasoline.... one way or the other, the entire American population.... and to the entire American economy.... Let's not forget that they are entitled to make a profit no matter how miserable the economy might be. Their costs are going up, way up. Our cost will go up also. The dollar continues to depreciate. That's a result of our fiscal policies and upside down balance of payments. A strong dollar would result in cheaper oil, and that is what we've been used to in the past. Corporations are not, like any individual, entitled to commit treason with impunity.... no matter how important profit is, to some self centered investors... Strong words Gene. I always believed you were more thoughtful than that (unless you are being spoofed of course, in which case I apologize). Someone has to explore for this oil, pump it, refine it and deliver it to us. There has to be a profit in that to provide the incentive to find and pump more of it, just like any other business or any other product. What about the farmers? They also supply an essential product wouldn't you agree? Right now they are reaping sky high profits on corn because our government thought it was a good idea to burn ethanol as fuel. Should we accuse the farmers of treason for making increased profits on an essential product? Yes, someone has to do it, and making a profit is important. However, making a profit should not be and cannot be allowed to destroy the environment and kill people. Every business I know of has to abide by regulations that go beyond the day-to-day operation of the corp. There is nothing wrong with regulating an industry that can do the kind of environmental damage we've witnessed. What about farmers? The large agri-business' don't need subsidies, just like big oil doesn't need them. That should end. |
Why gas is $5.00/gal
"Wayne B" wrote in message
... On Sun, 24 Apr 2011 20:39:41 -0400, Gene wrote: On Sun, 24 Apr 2011 18:25:30 -0400, Wayne B wrote: On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Somehow, you are missing the reality that when Exxon loses money, the stockholders are ****ed..... when Exxon continues to make record profits in an otherwise miserable economy, they are sticking it to all of the users of gasoline.... one way or the other, the entire American population.... and to the entire American economy.... Let's not forget that they are entitled to make a profit no matter how miserable the economy might be. Their costs are going up, way up. Our cost will go up also. The dollar continues to depreciate. That's a result of our fiscal policies and upside down balance of payments. A strong dollar would result in cheaper oil, and that is what we've been used to in the past. Reply: Chevron bought Texaco when the oil companies were getting about a 2% return overall. No one except us stockholders were crying the blues about the poor oil companies. Is why Texaco went up for sale. I own both Exxon and Chevron also, and they have been good to wife and I. Not as good as Altria, but since I figure oil, health and sin will always be profitable, helps with the retirement. Chevron was getting about a 12% return at the same time Citigroup was exploiting the masses and the government and returning 35% to profit margin. |
Why gas is $5.00/gal
Gene wrote:
On Sun, 24 Apr 2011 21:05:44 -0400, Wayne B wrote: On Sun, 24 Apr 2011 20:39:41 -0400, Gene wrote: On Sun, 24 Apr 2011 18:25:30 -0400, Wayne B wrote: On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Somehow, you are missing the reality that when Exxon loses money, the stockholders are ****ed..... when Exxon continues to make record profits in an otherwise miserable economy, they are sticking it to all of the users of gasoline.... one way or the other, the entire American population.... and to the entire American economy.... Let's not forget that they are entitled to make a profit no matter how miserable the economy might be. Their costs are going up, way up. Our cost will go up also. The dollar continues to depreciate. That's a result of our fiscal policies and upside down balance of payments. A strong dollar would result in cheaper oil, and that is what we've been used to in the past. Corporations are not, like any individual, entitled to commit treason with impunity.... no matter how important profit is, to some self centered investors... How unAmerican of you, Gene! :) Don't you believe in corporations über alles? I believe we need to "restructure" certain aspects of our society, and part of that restructuring should be how we handle leases to explore and drill for oil and natural gas. There's nothing sacred about for-profit corporations. That model isn't working anymore for us. It's milking the middle class dry and accelerating the transfer of wealth to the very rich. There are any number of oil-producing countries in which ownership of that asset is retained by the state, and the revenues used to finance the government. The problem here is that Americans have been brainwashed into thinking the price-fixing, for-profit private sector that dominates the energy business is the only way to do that sort of business. |
Why gas is $5.00/gal
"Wayne B" wrote in message Let's not forget that they are entitled to make a profit no matter how miserable the economy might be. - - - Whoa...they're "entitled" to make a profit? Wow...oil company entitlements. |
Why gas is $5.00/gal
On Sun, 24 Apr 2011 20:39:41 -0400, Gene wrote:
On Sun, 24 Apr 2011 18:25:30 -0400, Wayne B wrote: On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Somehow, you are missing the reality that when Exxon loses money, the stockholders are ****ed..... when Exxon continues to make record profits in an otherwise miserable economy, they are sticking it to all of the users of gasoline.... one way or the other, the entire American population.... and to the entire American economy.... Gene, do you not think the drop in value of the dollar has had any affect on oil prices? Is it a coincidence that oil and gold are both hitting new highs? Has Obama had any affect on the value of the dollar? Remember...without corporations, there would be no unions. Then where would all the liberal whining come from? Oh wait, I suppose even a socialist government *could* allow unions. |
Why gas is $5.00/gal
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Why gas is $5.00/gal
In article , payer3389
@mypacks.net says... Wayne B wrote: On Sun, 24 Apr 2011 08:36:48 -0400, Gene wrote: uh no. it's speculators. they caused a similar run up under the white guy who preceded the guy you hate because he's black Damn speculators. Why aren't more people doing it? Let's go halves on a tanker load and resell it on EBAY. Anybody else want in on the deal? We're going to need a dock, tank farm, distribution network, trucks, pipelines and a whole sh*t load of permits. With some help from Wall Street we can probably get 90 day financing. Sorry, you are too late..... the guys that already had all of that are reaping all the profits...... re-read that thing about frugality.... proactiveness is number one..... Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. I haven't seen anyone suggesting earning a profit is illegal or immoral. Questions arise when those profits become synonymous with rip-off, and that's what the petrol industry is doing, ripping us off. Where do you draw the line? When do profits become synonymous with rip- off? What happens if you find out that some other industry is not ripping you off but is over the line in profits? |
Why gas is $5.00/gal
In article ,
says... On Sun, 24 Apr 2011 18:25:30 -0400, Wayne B wrote: On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Somehow, you are missing the reality that when Exxon loses money, the stockholders are ****ed..... when Exxon continues to make record profits in an otherwise miserable economy, they are sticking it to all of the users of gasoline.... one way or the other, the entire American population.... and to the entire American economy.... Don't buy their products if you don't like the way they do business. |
Why gas is $5.00/gal
BAR wrote:
In article8tqdned7uv_i2ynQnZ2dnUVZ_q6dnZ2d@earthlink .com, payer3389 @mypacks.net says... Wayne B wrote: On Sun, 24 Apr 2011 08:36:48 -0400, Gene wrote: uh no. it's speculators. they caused a similar run up under the white guy who preceded the guy you hate because he's black Damn speculators. Why aren't more people doing it? Let's go halves on a tanker load and resell it on EBAY. Anybody else want in on the deal? We're going to need a dock, tank farm, distribution network, trucks, pipelines and a whole sh*t load of permits. With some help from Wall Street we can probably get 90 day financing. Sorry, you are too late..... the guys that already had all of that are reaping all the profits...... re-read that thing about frugality.... proactiveness is number one..... Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. I haven't seen anyone suggesting earning a profit is illegal or immoral. Questions arise when those profits become synonymous with rip-off, and that's what the petrol industry is doing, ripping us off. Where do you draw the line? When do profits become synonymous with rip- off? In regard to these big oil companies, I believe we crossed that line years ago. Further, there are so many ways to cook the books, so to speak, in oil company bookkeeping, there's really no legitimate way to determine what their real "profits" are. That's true, of course, with many larger corporations, and their abilities to avoid paying taxes. I'm beginning to believe we ought to get out of the business of giving away our oil and gas via cheap leases so the oil companies can turn around and rape us. There are other ways to "produce" the goods so that the ownership and profits are there to benefit the country and its citizens. |
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