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Discussion Starter #4 (Edited)
Better look at that chart again........
It's not a perfect match, obviously, but definitely tracks as there was no reason for the dip whatsoever. And don't forget that price cuts supposedly take a few weeks to work their way to the retail pump -- meaning the absolute bottom of refining margins hit in early September.
 

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I didn't pull it up, but it makes sense.

Even if Bush didn't manipulate the market, the fact is that Republicans are the oil companies friends. The oil companies know this very well.

It's also a fact that people are more likely to maintain the standard regime if they are happier. Low gas prices make people happy. High gas prices make them unhappy. The oil companies know this.

I doubt it even took a wink of the eye from the administration to get the oil companies to drop prices around the time of the election.

I hate oil companies. I wish someone would develop a car to run on water or piss, and we could tell them all (and the speculators) to fuc_ off.
 

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Maybe the Democrats could write to Chavez and stroke his libido and perhaps he could give us the "poor people's" oil he is using to try and divide our country with.

This freakin spike of gas prices is like a heavy person on a yoyo diet....

You know... They start at a certain weight, loose a bunch then gain it back and then some, lose it, and gain it back and then some... Oil is the same way... Was low went way up, then lost some, then up again higher than before, lower then higher, then higher yet......The oil companies are like Jenny Craig :eek: :eek:

Bush is getting more arrogant. The closer it gets to the end of his reign on his "Kingdom," the more arrogant he seems to be getting. He's gods gift to the Oil companies.



 

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Im no Bush fan, but this thread is demonstrating what a total lack of understanding of the oil markets there is in this world.

If you want to see really perverse margins, go look at Bank of America, Pfizer, American Express and the like. Hell, Uncle Sam makes more on gasoline (and your new GTO for that matter) than do the folks that make and sell it

Do we want price controls ala Nixon again? Hell no, that will lead to economic chaos like you young ens ain't never seen.

We as a nation are in an energy emergency. We have no policy other than, no nukes, no oil, no coal, no wood. Dont burn, and by God don't even think about fusion. Lets make hybrids and run our stuff on corn. This is not policy, it's lunacy and PC Groupthink, born out of a total lack of understanding of the fuel cycle and big picture. It makes me want to puke.

We have tons of oil and little capacity to effeciently refine it. Steady growth in demand (normal and healthy I might add) yet no new infrastructure to support growth. Result - demand outstrips supply, and off we go.

Put some greedy oil traders in the mix, add political unrest, and environmental whacko-ism to the equation and it amazes me that we even can still buy a gallon of unleaded at any price.

My soloution? Use the stuff as effeciently as you can, buy oil and energy stocks - Put pressure on your "representatives" in government to encourage private development of new domestic crude oil sources and refining capacity.

EOR
 

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Let me tell you about global warming..........:lol:
 

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Discussion Starter #9 (Edited)
Im no Bush fan, but this thread is demonstrating what a total lack of understanding of the oil markets there is in this world.
If you're referring to me, then you're sadly mistaken.

First of all, we are NOT discussing the price of crude here. We are discussing refining margins. The integrated oil companies are stuffing us by boosting their margins. Expect another .30 to .40 a gallon increase within the next couple of weeks -- to record levels -- before the summer driving season -- for absolutely no other reason than the oil companies can get away with it. Because other industries have high margins do not justify what is happening to us. Besides, pharmaceutical costs do not drain the lifeblood out of the majority of Americans -- who live paycheck to paycheck -- and single handedly wreck the economy from retail to restaurant to being able to pay the mortgage.

Regarding the so-called lack of refining capacity, the integrated oil companies have closed over 50% of their refineries in the last 20 years. Go on Google and look it up. The Kansas City Star broke the story. Living in Bakersfield, you should know that -- as Shell wanted to close their facility there. As with other closures nationwide, other companies wanted to buy the property -- but until the press reported what was going on, Shell was hell bent on closing it. Finally, when word got out -- the family that owns Flying J stepped in and bought it. Unfortunately, that's not the case elsewhere -- where refinery after refinery has been closed and dismantled for no good reason.

Why did this happen? It's very simple. Oil companies used to pay the Arabs a $1 a barrel for oil and pocket the rest when it sold on the open market. When the Arabs eliminated that profit center for them -- all the refineries in the US started disappearing so supply could be restricted. The resulting bottleneck drove margins on finished product up.

Regarding alternative sources of energy -- just who do you think is responsible for maintaining the status quo? Bush is in Brazil talking about gaining access to their sugar cane based ethanol. One problem, there's a $55 a barrel tariff, introduced by a TEXAS senator no less, on it's importation.

I could go on and on -- but let me close by saying that I fully agree with what you're saying about how our domestic energy policy sucks -- and that our only recourse is to use less of the stuff. However, that still does not justify a projected $1.30 to $1.40 per gallon increase -- when the cost of the raw material has only gone up .30 a gallon -- plus .05 a gallon for the more expensive to produce summer blend.
 

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I say we do a little "Boston Tea Party" type action against the oil companies and see if we can get their attention. :lol: (but not dump it in the water, I think fish preferred the taste of tea over oil)
 

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I say we do a little "Boston Tea Party" type action against the oil companies and see if we can get their attention. :lol: (but not dump it in the water, I think fish preferred the taste of tea over oil)
Something does need to be done.... I think the government should regulate the price on a commodity so essential to the nation. I bought a fuel tank and try to fill it up in February to "hedge" against higher summer prices.
 

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-If all of you are sooo worried about gas prices and you bought a 6.0L V-8!!:willy:
Buy a 50cc scooter...

-Same people that say no war for oil will not let us drill our own :rolleyes:

-Government makes more off of a gallon of gas than the oil companies do! Gas taxes are almost half of the cost of gasoline a gallon!!! oil companies only make about 10% a gallon,,,

-Want to stick it to the oil companies? Get the 50cc scooter :cool
 

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Not socialized, just some kind of control that keeps market speculators from pushing the price beyond what natural demand would. I'm no Commie :cheers

You missed my point.... The Far Left is and has been working on replacing conservative values the constitution was based on and replacing them with socialistic ideology. The concept of socializing oil and gas would fit in with their agendas they are diligently working on. Has nothing to do with a reference to being a commie. However... Socialistic ideology is is associated with "Commienizim" right? That is why I put that "pun" in there.

When Cable TV was deregulated the Cable company in my area had an orgasm spiking costs. Comcast purchased all the smaller cable companies and became the conglomerate in my area because they purchased the competition and has a strong hold on the industry. When Cable was regulated the Cable companies had a ceiling they could not go above. Since deregulation, cable costs in my area have spiked well over a thousand percent.

ahhhhhh Why not go with Satelite TV you ask??? The costs in my area with Direct TV and the Dish offer tons of TV stations, however what they do is scatter popular TV stations in different tiers so if you want a specific channel it may be in the 3rd tier. To get that you have to purchase the other 2 tiers of networking. But I want my 3 T.V.'s hooked up so I pay for extra boxes every month. Add up the cost, in my case its 10.00 a month more. I don't care what T.V. station in Oregon is showing when I live on the East Coast. But I will have that station. So from a costs savings Direct and Dish T.V. is not that much better. The costs are similar unless you purchase 1 tier of programming and sacrifice stations the family wants to view when they are spread out in 3 tiers. They get ya too. I have been watching the rates because I'd love to rid myself of Comcast, but Satelite providers keep the rates close to Cable.

With oil companies merging etc the competition has diminished and prices are up. When something is regulated caps are in place to avoid the unnecessary gouging.

Oil and Gas will never be regulated, hence the pun in socialized oil and gas. It was a thought that floated in my noggin and written in jest.

Al Gore will fix it. BAHAHAHAHHAHAA Grow more corn. Save at the pump but pay more at the dinner table. Ain't no way around it.
 

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-If all of you are sooo worried about gas prices and you bought a 6.0L V-8!!:willy:

Just because a person chooses to buy a 6.0L car doesn't necessarily mean they have blank checks to write out for gas. That antage if you can afford the car don't bitch about gas is a bogus remark. EVERYONE is conscience of the rising costs no matter what you drive. I know more people that drive 4cyl cars that are complaining about the price of gas then I do people driving cars like ours. Just how do you take a family on vacation and fit them all on a scooter?

Ok so he sells his GTO and purchases a 4 cyl. Little that will do when is oil tank needs filled for his home. So.... If you don't like a house that uses oil why did you buy it????? Buy a solar house is the answer right?

Unless car owners are wealthy and have money to piss around with, they are concerned of the price of gas. When I purchased my car gas was not where it is now and I, and you had no idea where the price was going. So if gas goes to 10.00 a gallon, don't bitch? I mean come on, you purchased a 6.0L car.
Keep it real.
 

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Judge your point of cable company deregulation is interesting, but the actual product and service has also improved 1000%. I have 100 HD channels! The cable guys calls your house and lets you know he's on the way, and he actually shows up! The old "sometime between 7am Monday and 7pm Thursday" routine is long gone! I love it!

On the oil issue- simple economic supply and demand explains much of this- demand is ever increasing, with the summer months providing a very large spike in usage. More demand means higher prices and higher profits. Saying that 50% of the oil refineries have shut down over the past 20 years doesn't effect the actually delivered supply, which is ever increasing. If it were more efficient to keep a aging refinery open, why shut it down? You think huge oil companies are increasing their own production costs so they can increase the price??? I would love to sit in on that board meeting! "Increase profitability through decreasing efficiency and and increasing production costs, brilliant!"

In parts of Europe gas is well over $4 a gallon from what I hear so in my mind we have it very, very good right now. Enjoy it.
 
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