Gas prices and profit (1 Viewer)

[jimbo]

With todays forecast by 1 "expert" that gas prices could hit $4.00 per gallon by summer, how can the Federal Gov't, no jokes or jabs at Bush please, stand by and let it happen. Last week I believe it was Exxon who announced record profits in the billions- even more than the year before. I understand local and federal taxes add to the price of gas, but come on! Plus if you talk to local gas station owners they say "were not making any money" how does the large corporations justify their profits. While admitting that I don't understand the global economy or commodity trading, with suppliers overseas limiting supplies driving futures of the product higher Exxon I believe has loads of domestic crude. Also I guess I can understand how futures can drive the price up in coming months but these profits are in todays market.
While mentioning Exxon as an example only I am not only picking on them alone , I believe most Oil companies are in similiar financial strength.
Thanks for your time.

 

[megadeth]

The weaker dollar doesn't help!
In the San Francisco Bay Area we have been paying over $4.00 a gallon for over a month now what's this summer crap?

 

[Paul]

Take it easy on those big oil companies, one of them pays my bills!

 

[megadeth]

It's pretty simple if oil was as expensive as they advertise profits wouldn't be at record levels.
Everything is based off of the U.S. Dollar which is dropping like a lead ballon so it cost more to make up for that value loss.
I know you said don't come down on Bush but he and his administration let the dollar drop through a series of inaction's to try and make or goods and labor costs appeal to foriegn investment and it's starting to back fire!
Our trade deficit still sucks we still import more than we export the only people benefitting are the wealthy and they are getting richer.They are starting to getting concerned now about the dollars decline because their fortunes are worth less.
Our Congress and the President (the Government) are major players in this dilemma they are selling us down the river and it's a sad thing to watch.

 

[Toejam]

We are not only importing Foreign Oil, but Gasoline from Canada and other countries to meet demand! We haven't built a oil refinery in this country since 1972! We simply cannot meet demands unless we start increasing our domestic supply.

 

[The Swegian]

Everyone's bemoaning the price of gas in the U.S. It's really not that bad when you compare the average price to other countries. The US is 108th of 155 countries surveyed in April '08.

Why gas in the U.S. is so cheap - May. 1, 2008

 

[none]

no jokes or jabs at Bush please

Uhhhhh.....BIG OIL supported Bush's push into the national spotlight to pursue his first run for President !! He's a "lame duck" now and they are making up for their investment.

 

[Toejam]

Uhhhhh.....BIG OIL supported Bush's push into the national spotlight to pursue his first run for President !! He's a "lame duck" now and they are making up for their investment.

Since Everyone's tied Big oil to Bush/Cheney, who will get blamed "IF" oil prices Don't come down once they leave office?

 

[megadeth]

We are not only importing Foreign Oil, but Gasoline from Canada and other countries to meet demand! We haven't built a oil refinery in this country since 1972! We simply cannot meet demands unless we start increasing our domestic supply.

America gets the majority of its oil from Canada and South America we buy very little if any from the Middle East as most people think.
I do agree with you as far as new refineries in this country the environmentalist have created so much red tape just to have one built it has helped put us behind the eight ball.
Did you know Venezuela sell gas already refined for 1.25 per gallon US.
If our Government was truly concerned they could open federal fueling stations double the price and kill 2 birds with one stone!
Relief for the consumer and create a surplus for paying down the deficit but it will never happen can you guess why?

 

[megadeth]

Since Everyone's tied Big oil to Bush/Cheney, who will get blamed "IF" oil prices Don't come down once they leave office?

Since when has anything gone down once it's gone up in price in this country?
It ain't gonna happen, they can eliminate the taxes on the each gallon they sell that is a good start don't you think?

 

[Draw 3D]

If our Government was truly concerned they could open federal fueling stations double the price and kill 2 birds with one stone!
Relief for the consumer and create a surplus for paying down the deficit but it will never happen can you guess why?

While they're at it, they could open federal supermarkets since the price of food is raising, then federal utilities because they're raising also!

Where would they stop?

That is socialism, NO THANKS!!!

 

[megadeth]

While they're at it, they could open federal supermarkets since the price of food is raising, then federal utilities because they're raising also!

Where would they stop?

That is socialism, NO THANKS!!!

No different then subsidizing the farmers not to grow to control prices!
I would accept it on this one issue because it affects the price of so many products and I think the majority would also.

Food costs are directly affected by the cost of fuel so your gripe doesn't hold water in my book.

 

[Mike]

Sorry Bob, but one thing becomes many with the goverment. They need to stay out of it.

 

[megadeth]

Sorry Bob, but one thing becomes many with the goverment. They need to stay out of it.

I beg to differ!

They are already in every facet of our lives now......

 

[Suzie Q]

Is KY a petroleum product??? The more they keep f*^$ing us, the more we have to buy!!!

 

[megadeth]

Is KY a petroleum product??? The more they keep f*^$ing us, the more we have to buy!!!

Now that's some funny chit right there! LMFOL

Thanks Suzie I needed that....

 

[club]

Is KY a petroleum product??? The more they keep f*^$ing us, the more we have to buy!!!

Nope, water based so global warming is the only thing to worry about. However Vaseline is another story.

 

[Toejam]

Thank God we're Killing off our Corn so that Ethanol will save the day!

 

[mick]

America gets the majority of its oil from Canada and South America we buy very little if any from the Middle East as most people think.

don't forget mexico - we get the majority of our oil from these countries because they are geologically closer - the price per barrel is the same regardless of where we buy - the shipping cost is obviously less.
the phrase 'dependent on middle east oil' refers to their ability to produce
more than any other region on planet - and the USA is the #1 consumer; so
we are tied together. if the middle east cuts production, it immediately
effects the price per barrel = higher pump prices for you and me.

Did you know Venezuela sell gas already refined for 1.25 per gallon US.
If our Government was truly concerned they could open federal fueling stations double the price and kill 2 birds with one stone!
Relief for the consumer and create a surplus for paying down the deficit but it will never happen can you guess why?

this is 'nationalized oil' and is a form of socialism.
keep it away from the USA please.

 

[megadeth]

don't forget mexico - we get the majority of our oil from these countries because they are geologically closer - the price per barrel is the same regardless of where we buy - the shipping cost is obviously less.
the phrase 'dependent on middle east oil' refers to their ability to produce
more than any other region on planet - and the USA is the #1 consumer; so
we are tied together. if the middle east cuts production, it immediately
effects the price per barrel = higher pump prices for you and me.



this is 'nationalized oil' and is a form of socialism.
keep it away from the USA please.

You mean the same way they keep illegal immigrants out? LOL