Gasoline prices - another record high
 

Eisboch wrote:
"JoeSpareBedroom" wrote in message
...


People who know more than you and I about this say that $15 to $25 of the
current barrel price is comprised of speculative excess. That should ****
you off no end.


You've got that right. There's no shortage. It's all about the market.
It's BS.

Eisboch

There's no more shortage now than there was a year ago when gas was 2/3
the price it is now.

Gasoline prices - another record high
 

"JoeSpareBedroom" wrote in message
...
"NOYB" wrote in message
ink.net...

"JoeSpareBedroom" wrote in message
...
"NOYB" wrote in message
nk.net...

"JoeSpareBedroom" wrote in message
...
"Harry Krause" wrote in message
...

And, given that demand in recent days has been flat or shrinking,
prices are unlikely to continue upward, Lundberg suggested. "The
overall gasoline supply is not tight," she said.

NOYB says supply is the problem, and that's all I need to hear.

Actually, I said that demand is the primary problem, with geopolitical
uncertainty a contributing factor.

Supply hasn't changed much.




People who know more than you and I about this say that $15 to $25 of
the current barrel price is comprised of speculative excess. That should
**** you off no end.

I'm not ****ed that you think there are people out there who know more
than me.

Bad dodge.

Is there such a thing as a good dodge? Even with the Hemi, it's still a car
that will fall apart and be worth next to zilch in just a couple of years.

Gasoline prices - another record high
 

"Wayne.B" wrote in message
...
On Tue, 25 Jul 2006 16:16:56 GMT, "NOYB" wrote:

The oil
industry should at least be as regulated as the electrical power
companies.

That would be a great way to bring on an oil shortage.

Why? We rarely have an electrical shortage.

Gasoline prices - another record high
 

NOYB wrote:
"Wayne.B" wrote in message
...
On Tue, 25 Jul 2006 16:16:56 GMT, "NOYB" wrote:

The oil
industry should at least be as regulated as the electrical power
companies.

That would be a great way to bring on an oil shortage.

Why? We rarely have an electrical shortage.

Really? Don't read the news much, do you?

Gasoline prices - another record high/ supply and demand
 

Chuck Gould wrote:

Driving back to the office, I could swear I just heard the radio
newsdude say that Exxon made about $10 billion in net profits during
the last 90 days.

If that's the case, then I have to agree with the apologists that the
outrageous cost to fuel my boat is all based upon "supply and
demand"......

as in "We monopolize the supply, and we hereby demand....." :-)


It *is* all about supply & demand. If the prices were high
enough that people would buy less of it, then they wouldn't
be making record profits, would they?

Right now the oil companies are experimenting to see just
how high they can push the prices before sales go down.
After all, they know they won't be in this business forever
even if some right-wingnuts think so.

Shucks, prices aren't even high enough that people drive a
little slower. Just a short while ago I was doing 75 in a 55
zone and getting run down by a steady stream of SUVs with
one person in them. Every single one of those drivers, if
asked, would probably complain heartily about the price of
gas... but they're not *doing* anything about it.

DSK

Gasoline prices - another record high/ supply and demand
 

"DSK" wrote in message
...
Chuck Gould wrote:

Driving back to the office, I could swear I just heard the radio
newsdude say that Exxon made about $10 billion in net profits during
the last 90 days.

If that's the case, then I have to agree with the apologists that the
outrageous cost to fuel my boat is all based upon "supply and
demand"......

as in "We monopolize the supply, and we hereby demand....." :-)


It *is* all about supply & demand. If the prices were high enough that
people would buy less of it, then they wouldn't be making record profits,
would they?

Right now the oil companies are experimenting to see just how high they
can push the prices before sales go down. After all, they know they won't
be in this business forever even if some right-wingnuts think so.

Shucks, prices aren't even high enough that people drive a little slower.
Just a short while ago I was doing 75 in a 55 zone and getting run down by
a steady stream of SUVs with one person in them. Every single one of those
drivers, if asked, would probably complain heartily about the price of
gas... but they're not *doing* anything about it.

DSK


So, was not just SUV's speeding. How many in your speeding vehicle? Oil
makes about 16% profit. Citigroup about 34%. You want to make money, build
a refinery and acquire crude and sell it for less money than the
competitors. You will be rolling in the moola, as you will have most of the
energy business. But to get the crude, you have to rent a deep water
drilling rig for $400k a day. Big bets, should get a good profit on wins.

Gasoline prices - another record high/ supply and demand
 

Chuck Gould wrote:
Driving back to the office, I could swear I just heard the radio
newsdude say that Exxon made about $10 billion in net profits during
the last 90 days.

If that's the case, then I have to agree with the apologists that the
outrageous cost to fuel my boat is all based upon "supply and
demand"......

as in "We monopolize the supply, and we hereby demand....." :-)


Here, self service low test went up to $1.23 per liter today.

Gasoline prices - another record high/ supply and demand
 

... Every single one of those
drivers, if asked, would probably complain heartily about the price of
gas... but they're not *doing* anything about it.



Calif Bill wrote:
So, was not just SUV's speeding.

Gee, talk about missing the point...

... Oil
makes about 16% profit. Citigroup about 34%. You want to make money, build
a refinery and acquire crude and sell it for less money than the
competitors.

Can't do that the enviro-whackoes would shut it down! Or
(more realistically) one of the big oil companies would buy
it up & keep it out of production, they're not fools.

The funny thing is that refining has been the least
profitable sector of the industry for 18 out of the last 20
years. A sudden shift in the economics of the oil bid'ness
and bingo! ...you hear all the nuts popping out of the woodwork.


... But to get the crude, you have to rent a deep water
drilling rig for $400k a day. Big bets, should get a good profit on wins.


??? You can buy it on the open market and have it delivered
to your terminal.

DSK

Gasoline prices - another record high/ supply and demand
 

Calif Bill wrote:

So, was not just SUV's speeding. How many in your speeding vehicle? Oil
makes about 16% profit. Citigroup about 34%.


Horse****!! How would Citigroup make a 34% profit when their interest
rates aren't even that high?????? Let alone their operating expenses!

Gasoline prices - another record high/ supply and demand
 

"Calif Bill" wrote in message
k.net...

"DSK" wrote in message
...
Chuck Gould wrote:

Driving back to the office, I could swear I just heard the radio
newsdude say that Exxon made about $10 billion in net profits during
the last 90 days.

If that's the case, then I have to agree with the apologists that the
outrageous cost to fuel my boat is all based upon "supply and
demand"......

as in "We monopolize the supply, and we hereby demand....." :-)


It *is* all about supply & demand. If the prices were high enough that
people would buy less of it, then they wouldn't be making record profits,
would they?

Right now the oil companies are experimenting to see just how high they
can push the prices before sales go down. After all, they know they won't
be in this business forever even if some right-wingnuts think so.

Shucks, prices aren't even high enough that people drive a little slower.
Just a short while ago I was doing 75 in a 55 zone and getting run down
by a steady stream of SUVs with one person in them. Every single one of
those drivers, if asked, would probably complain heartily about the price
of gas... but they're not *doing* anything about it.

DSK


So, was not just SUV's speeding. How many in your speeding vehicle? Oil
makes about 16% profit. Citigroup about 34%. You want to make money,
build a refinery and acquire crude and sell it for less money than the
competitors. You will be rolling in the moola, as you will have most of
the energy business. But to get the crude, you have to rent a deep water
drilling rig for $400k a day. Big bets, should get a good profit on
wins.

Per the latest quarter for Exxon their profit percentage as measured by
dividing Profit by Income was 10.8% not 16%.

The oil industry profit "percentages" are lower than other industries like
banks, pharma/biotech, household/personal products, real estate. (2005
data).

$10B in quarterly profits is a whole bunch of money but percent wise, as I
believe it should be viewed, it's not out of line.