On 7 May 2007 15:06:51 -0700, Chuck Gould
wrote:

You certainly succeeded in demonstrating the absurdity that either
political party controls gas prices.

Oil companies control gas prices.

So buy an oil company, or at least a few shares in one. Prices are
reasonable and most pay a decent dividend.

The truth is that oil companies buy their feedstock and sell their
product in open auction markets. Find out who is bidding up prices
and ask them to stop. This all involves a radical new economic theory
called supply and demand.

As an alternative you can move to Venezuela. They are subsidizing the
price of petro products to their citizens at dirt cheap prices. Some
day they will still have low prices but nothing left to sell.

On May 7, 3:31?pm, "RCE" wrote:


I really don't think oil companies or politicians have much control over
this.

Eisboch

Oil companies don't control what they charge for refined products?

A 42 gallon bbl of oil produces about 20 gallons of gas and about 7
gallons of diesel- along with some other petroluem products that are
sold at a profit.
Even *if* the entire cost of raw materials was passed through solely
to the gasoline consumer, (and it certainly isn't), a $1 jump in the
price of a barrel of oil would only ad 5 cents to the price of a
gallon of gas. Even under a ridiculous scenario where diesel and misc.
petroleum products got a free ride on the back of gasoline, the $10
increase in a bbl of oil since January
should result in a 50-cent run-up, not $1.25. In reality, the raw
materials cost is spread to diesel and other refined products so the
increased cost of crude oil reflected in the price of a gallon of gas
is probably closer to 30-cents (not 50) since January.

On May 7, 3:18?pm, "JoeSpareBedroom" wrote:
"Chuck Gould" wrote in message

ps.com...

You certainly succeeded in demonstrating the absurdity that either
political party controls gas prices.

Go away and think for 20 minutes about how this situation is connected to
cheaper goods from overseas.

Demand for oil overseas raises competition for a world wide commodity.
Pretty obvious. That affects the price of a bbl of oil more than
refined products, however. Because the environmental laws are lax or
worse in many of those developing economies it's a lot cheaper to
refine the oil there than it would be to refine it here and then ship
it overseas again. We may be competing with the Chinese for crude, but
not for refined products from US refineries.

"Chuck Gould" wrote in message
oups.com...
On May 7, 3:31?pm, "RCE" wrote:


I really don't think oil companies or politicians have much control over
this.

Eisboch

Oil companies don't control what they charge for refined products?

A 42 gallon bbl of oil produces about 20 gallons of gas and about 7
gallons of diesel- along with some other petroluem products that are
sold at a profit.
Even *if* the entire cost of raw materials was passed through solely
to the gasoline consumer, (and it certainly isn't), a $1 jump in the
price of a barrel of oil would only ad 5 cents to the price of a
gallon of gas. Even under a ridiculous scenario where diesel and misc.
petroleum products got a free ride on the back of gasoline, the $10
increase in a bbl of oil since January
should result in a 50-cent run-up, not $1.25. In reality, the raw
materials cost is spread to diesel and other refined products so the
increased cost of crude oil reflected in the price of a gallon of gas
is probably closer to 30-cents (not 50) since January.



You are considering raw material costs only. There are many other costs
involved ... salaries, refinery operations and maintenance, benefits,
retirement plans and the pressure of stockholders to meet expectations or
announced guidance.

I think the oil companies have to play a forecasting and averaging game
which is why the same gas from the same barrel of crude can go up 30 cents a
gallon in a week. They are not pricing on what a barrel of crude is today,
but rather on what they think it will be a month, 6 months or a year from
now. Factor in the demand issue .... (at some price demand will drop) ...
and crude costs may go down .... but the other costs and pressure for
profits continue. I suspect it's very complex. I know from personal
experience and on a much, much more simple scale, that a public company with
stockholders watching daily to meet announced expectations that it is a very
different way of doing business now-a-days. When my company went from
being a small, private ma and pa type operation to part of a much larger
(1B+) public company the whole world changed in terms of what was important.
(Which is also why I retired g)

Eisboch

On May 7, 3:59�pm, Wayne.B wrote:
On 7 May 2007 15:06:51 -0700, Chuck Gould
wrote:

You certainly succeeded in demonstrating the absurdity that either
political party controls gas prices.

Oil companies control gas prices.

So buy an oil company, or at least a few shares in one. *Prices are
reasonable and most pay a decent dividend.

The truth is that oil companies buy their feedstock and sell their
product in open auction markets. *Find out who is bidding up prices
and ask them to stop. *This all involves a radical new economic theory
called supply and demand.

As an alternative you can move to Venezuela. *They are subsidizing the
price of petro products to their citizens at dirt cheap prices. * Some
day they will still have low prices but nothing left to sell.

I don't begrudge the oil companies' right to be greedy as hell.
In fact, unless we want to become a socialist society and economy this
porice gouging just comes with the territory.

Theoretically, their rape and pillage pricing creates more opportunity
for alternative energy technologies to become viable. We've had
alternative energy in boating for centuries....it's called sailing. I
wouldn't be excited about making the switch to sail, but if were just
getting into boating today I'd be more likely than before to take up
sailing and fuel prices would be a major factor in that equation.

HK wrote:



Ahh, so as dumb as a boat purchase was previously, it's even dumber
down. Boats...the world's fastest depreciating asset? Fortunately,
Parkers are still a hot commodity.

Keep telling yourself that, Hank.

On 7 May 2007 16:39:16 -0700, Chuck Gould
wrote:

On May 7, 3:59?pm, Wayne.B wrote:
On 7 May 2007 15:06:51 -0700, Chuck Gould
wrote:

You certainly succeeded in demonstrating the absurdity that either
political party controls gas prices.

Oil companies control gas prices.

So buy an oil company, or at least a few shares in one. rices are
reasonable and most pay a decent dividend.

The truth is that oil companies buy their feedstock and sell their
product in open auction markets. ind out who is bidding up prices
and ask them to stop. his all involves a radical new economic theory
called supply and demand.

As an alternative you can move to Venezuela. hey are subsidizing the
price of petro products to their citizens at dirt cheap prices. Some
day they will still have low prices but nothing left to sell.

I don't begrudge the oil companies' right to be greedy as hell.
In fact, unless we want to become a socialist society and economy this
porice gouging just comes with the territory.

Theoretically, their rape and pillage pricing creates more opportunity
for alternative energy technologies to become viable. We've had
alternative energy in boating for centuries....it's called sailing. I
wouldn't be excited about making the switch to sail, but if were just
getting into boating today I'd be more likely than before to take up
sailing and fuel prices would be a major factor in that equation.

Just imagine how much better off we'd be if we had the same percent of
power from nuclear energy as the French.

On Mon, 07 May 2007 18:46:56 -0400, Wayne.B
wrote:

On Mon, 07 May 2007 17:20:52 -0400, HK wrote:

I do keep
track of resale prices, though, and am pleased that rigs in very good,
"low mileage" condition like mine are selling for prices that were about
$5000 more than I had in mind for the poster here who gave up boating to
become a bad golfer.

I guess I'm fortunate that I didn't have to give up boating to become
a bad golfer.

You're right. Becoming a bad golfer was effortless and required no
sacrifice! Now, how much is it going to cost me to get the index below 28?

On Mon, 7 May 2007 19:02:52 -0300, "Don White"
wrote:


"John H." wrote in message
.. .

You just got blown out of the water. Bedroom full this weekend?


You picking fights with everyone you come across this week Johnny?
Please explain again how this improves the newsgroup.


Tell us again about the most popular transportation in Canada. Surely it's
not a gas guzzler, right?

Donnie, that *was* funny, and you know it!

HK wrote:


Our national energy policy, whatever it is (it's a secret) was
established by Dick Cheney in 2001 during a series of meetings with oil
industry executives.w


what i love about this is, when ira magaziner and hilary clintion
tried to get us universal health care, the right wing (bill kristol)
went ape ****, screaming about secret cabals.

when dick cheney hands the country, and 3000 dead troops....over to
his oil buddies, no one said a damn thing.