Several people here insist that gas is some sort of product like coca cola or pretzels, that if you don't like it just don't buy it. They go on about how oil companies have the lowest mark-up. But when you *need* to buy their product to survive, who cares about these claims. It is such a high volume market that they can have low mark-up and still make fortunes. How short sighted can a person be to make these comparisons?Should I quit buying gas because I don't like oil companies
I love this reasoning too. We need it for nearly everything. People also say you can ride a bike or whatever else. I live 43 miles from work- one way and there is no public transportation in my area. Around here we must drive long distances to get anywhere. Sure I have consolidated grocery trips to every other week and if I forget something oh well. Should I quit buying gas because I don't like oil companies
';I live 43 miles from work- one way and there is no public transportation in my area.'; - Your choice. You could live closer to work.
';Around here we must drive long distances to get anywhere.'; - Because of the choice you made to live where you do. Report Abuse
No, you need to look harder as to why you do not like oil companies. I would bet your dislike is not warranted. You yourself speak of the high volume of sales, and the need. Need and global sales would make your widget company have large profits as well. Are you ad that these companies make fortunes even with small mark ups? Are we independent of what they are selling today? You should be thanking them that they do have such a low mark up, because profits are not illegal in a capital based society.
You don't *need* their product. You have made the choice to drive instead of to walk, ride a bicycle or take the bus. Even if you decide to drive, you can also decide to drive less. Consolidate trips etc. It's a choice.
Sadly, it is one of those things that you can't do anything about unless you have the political and diplomatic clout to change things.
just properly inflate your tires, and get regular tune ups. Obama says that will bring down gas prices....yea righthahahaha
Typical liberal response above..';you dont need thier product';...... guess you computer there at the Starbucks was made out of corn.
Go ahead and quit buying their gas. Won't make much of a dent in their billions in profit.
Yes and you should stop buying toilet paper too.
Friday, December 25, 2009
Soon, when we have plug in all electric cars, will all the gas stations, oil companies and mechanics to out of
business? Will buying an all electric car be as simple and cheap as buying a refrigerator or a vaccum cleaner?Soon, when we have plug in all electric cars, will all the gas stations, oil companies and mechanics to out of
LOL! The Gas Companies out of Business!!!
No, they won't go out of business, they will develop new ways to produce petroleum, and they will shift into electricity generation and the production of batteries for the cars.
LOL! The Gas Companies out of Business!!!
No, they won't go out of business, they will develop new ways to produce petroleum, and they will shift into electricity generation and the production of batteries for the cars.
Stock market shocker: oil companies and Northrup Grumman UP today - everything else DOWN.?
Is it a surprise that defense contractors and oil companies are doing fantastic with a republican in office? While the rest of the economy is in the toilet.Stock market shocker: oil companies and Northrup Grumman UP today - everything else DOWN.?
';I would say, by any commonsense definition, we are in a recession,';
';the U.S. economy is essentially in a recession even if it hasn't met the technical definition of one yet.';
Warren BuffettStock market shocker: oil companies and Northrup Grumman UP today - everything else DOWN.?
so what else is new?
so you weren't smart enough to short the market?
Thank your teachers in the union.
Market is way up since 911
Under Bush the Oil, Medical and defense companies make record profits while the stock market as a whole has gone up only 4% in 7+ years. (11723-12224) and the dollar has lost half its value.
What a great Republican economy!
Its a coincidence. If you knew anything about the market you would know that.
I have been for months answering questions here about the oil companies are not driving up oil prices, the declining dollar is. Below is a link to an AP news story posted today that proves my point and explains why:
http://biz.yahoo.com/ap/080303/oil_price…
As for your note about the DOW, it has only increased with the rate of inflation for the last 7 years. There hasn't been any real growth.
nope
interesting because a quick glance shows that GE (a big global warming profiteer) is up today too. yet its snowing in texas.
but thats okay right because you agree with that one
No.
Oh, if only we had heeded the warnings of Eisenhower about the military-industrial complex. Funny, how the last good Republican president of the 20th Century is completely forgotten by the current members of the Republican party, especially the neoconservatives.
As for the oil-companies, I'm sure glad that American tax dollars are being spent on corporate welfare for them while they continue to reap exorbitant and historic profits.
Nothing like a corporate oligarchy disguised as a democracy.
Damn that Bush!
If he would only start selling his OIL and DEFENSE stocks!
Considering my 401(k) has both oil and defense stocks as part of its portfolio... YAY! Maybe I can retire early.
Must be all of that good ole fashion capitalism they're doing over there.greek theater oil gas
';I would say, by any commonsense definition, we are in a recession,';
';the U.S. economy is essentially in a recession even if it hasn't met the technical definition of one yet.';
Warren BuffettStock market shocker: oil companies and Northrup Grumman UP today - everything else DOWN.?
so what else is new?
so you weren't smart enough to short the market?
Thank your teachers in the union.
Market is way up since 911
Under Bush the Oil, Medical and defense companies make record profits while the stock market as a whole has gone up only 4% in 7+ years. (11723-12224) and the dollar has lost half its value.
What a great Republican economy!
Its a coincidence. If you knew anything about the market you would know that.
I have been for months answering questions here about the oil companies are not driving up oil prices, the declining dollar is. Below is a link to an AP news story posted today that proves my point and explains why:
http://biz.yahoo.com/ap/080303/oil_price…
As for your note about the DOW, it has only increased with the rate of inflation for the last 7 years. There hasn't been any real growth.
nope
interesting because a quick glance shows that GE (a big global warming profiteer) is up today too. yet its snowing in texas.
but thats okay right because you agree with that one
No.
Oh, if only we had heeded the warnings of Eisenhower about the military-industrial complex. Funny, how the last good Republican president of the 20th Century is completely forgotten by the current members of the Republican party, especially the neoconservatives.
As for the oil-companies, I'm sure glad that American tax dollars are being spent on corporate welfare for them while they continue to reap exorbitant and historic profits.
Nothing like a corporate oligarchy disguised as a democracy.
Damn that Bush!
If he would only start selling his OIL and DEFENSE stocks!
Considering my 401(k) has both oil and defense stocks as part of its portfolio... YAY! Maybe I can retire early.
Must be all of that good ole fashion capitalism they're doing over there.
How to find oil companies in the web?
google the name of the oil company.good luckHow to find oil companies in the web?
Well there is ONLY one answer for you : just enter a search engine like www.yahoo.com or www.google.com and search for ';'; oil companies ';'; . Simple....like that !!! :)
If you wanna know more.....
Feel free to contact me on yahoo messenger for more details.How to find oil companies in the web?
A list of largest petroleum companies is always somewhat arbitrary as state-owned companies operate differently as private-owned ones. A somewhat dated list by Oil production in million barrels in 1998 is:[1]
Saudi Arabian Oil Co. 3028
Petroleos Mexicanos 1278
Petroleos de Venezuela 1258
China National Petroleum 1168
BP Amoco + Arco 963
ExxonMobil 894
Royal Dutch/Shell 859
Nigerian National Oil Co. 772
Iraq National Oil Co. 770
Kuwait Petroleum 757
Chevron + Texaco 756
Chem-Energy Corporation 10 see [1]
[edit]
Alphabetical list of companies
Alon USA, United States
Amerada Hess Corporation, United States
Anadarko Petroleum Corporation, United States
Arbusto Energy, United States
Bharat Petroleum Corporation Limited, India
BHP Billiton, Australia
BP, United Kingdom
Cairn Energy, India
Canadian Natural Resources, Canada
Chevron Corporation, United States
Chem-Energy Corporation, United States. see [2]
Citgo, Venezuela
CNOOC Ltd., China
ConocoPhillips, United States
Cupet, Cuba
Devon Energy, United States
Ecopetrol, Colombia
Enbridge, Canada
EnCana, Canada
Elinoil Hellenic Petroleum Comopany S.A., Greece
Eni, Italy
Essar Oil, India
Prize Petroleum CO.LTD., India
HOECL, India
Jubiliant Empro, India
JHON ENERGY, India
Selan Exploration Tech.Ltd., India
Gujarat Oleo Chem Ltd., India
Geo Global Resources., India
Petronet LNG Limited, India
Gujarat Gas Co. Ltd., India
Charottar Gas Sahkari Mandli., India
Piyush Petroleum Co. Ltd, India
Pankaj Petroleum Co. Ltd, India
ExxonMobil, United States
Gujrat State Petroleum Corporation, India
Gulf Oil, United States
Halliburton, United States
Husky Energy, Canada
Imperial Oil, Canada
Indian Oil Corporation, India
Irving Oil, Canada
Grupa LOTOS, Poland
Kerr-McGee, United States
Koch Industries, United States
The Louisiana Land %26amp; Exploration Company, United States
LUKoil, Russia
Marathon Oil Corporation, United States
Maxol Group, Republic of Ireland
Neste Oil, Finland
Norsk Hydro, Norway
North Atlantic Petroleum, Canada
Oil India Limited, India
OMV, Austria
ONGC, India
Orlen, Poland
Petr贸leos de Venezuela, Venezuela
Petroleos Mexicanos, Mexico
Petro-Canada, Canada
Petro Peru, Peru
Petrobras, Brazil
PetroChina, China
Petroconpak, Pakistan
PetroKazakhstan, Canada
Petronas, Malaysia
Petrotrin, Trinidad and Tobago
Pertamina, Indonesia
Pogo Producing, United States
PSO, Pakistan
Qatar Petroleum, Qatar
Reliance Industries Limited, India
Repsol YPF, Spain
NNPC,Nigeria
Royal Dutch Shell, Netherlands, United Kingdom
Santos Limited, Australia
Saudi Aramco, Saudi Arabia (the largest in the world)
Shell Canada, Canada (subsidiary of Royal Dutch Shell)
Shell Oil Company, United States (subsidiary of Royal Dutch Shell)
Ship N Oil Corporation, United States SEE.[3]
Sinclair Oil, United States
Sinopec, China
Sonangol, Angola
Sonatrach, Algeria
SPC, Singapore
Statoil, Norway
Sunoco, United States
Suncor Energy, Canada
Surgutneftegaz, Russia
Syncrude, Canada
Talisman Energy, Canada
Teikoku Oil, Japan
Todd Energy, New Zealand
Total, France
T眉pra艧, Turkey
Vaalco Energy Inc., United States
Van Doren Oil, United States
Woodside Petroleum, Australia
YPFB, Bolivia
YUKOS, Russia
Well there is ONLY one answer for you : just enter a search engine like www.yahoo.com or www.google.com and search for ';'; oil companies ';'; . Simple....like that !!! :)
If you wanna know more.....
Feel free to contact me on yahoo messenger for more details.How to find oil companies in the web?
A list of largest petroleum companies is always somewhat arbitrary as state-owned companies operate differently as private-owned ones. A somewhat dated list by Oil production in million barrels in 1998 is:[1]
Saudi Arabian Oil Co. 3028
Petroleos Mexicanos 1278
Petroleos de Venezuela 1258
China National Petroleum 1168
BP Amoco + Arco 963
ExxonMobil 894
Royal Dutch/Shell 859
Nigerian National Oil Co. 772
Iraq National Oil Co. 770
Kuwait Petroleum 757
Chevron + Texaco 756
Chem-Energy Corporation 10 see [1]
[edit]
Alphabetical list of companies
Alon USA, United States
Amerada Hess Corporation, United States
Anadarko Petroleum Corporation, United States
Arbusto Energy, United States
Bharat Petroleum Corporation Limited, India
BHP Billiton, Australia
BP, United Kingdom
Cairn Energy, India
Canadian Natural Resources, Canada
Chevron Corporation, United States
Chem-Energy Corporation, United States. see [2]
Citgo, Venezuela
CNOOC Ltd., China
ConocoPhillips, United States
Cupet, Cuba
Devon Energy, United States
Ecopetrol, Colombia
Enbridge, Canada
EnCana, Canada
Elinoil Hellenic Petroleum Comopany S.A., Greece
Eni, Italy
Essar Oil, India
Prize Petroleum CO.LTD., India
HOECL, India
Jubiliant Empro, India
JHON ENERGY, India
Selan Exploration Tech.Ltd., India
Gujarat Oleo Chem Ltd., India
Geo Global Resources., India
Petronet LNG Limited, India
Gujarat Gas Co. Ltd., India
Charottar Gas Sahkari Mandli., India
Piyush Petroleum Co. Ltd, India
Pankaj Petroleum Co. Ltd, India
ExxonMobil, United States
Gujrat State Petroleum Corporation, India
Gulf Oil, United States
Halliburton, United States
Husky Energy, Canada
Imperial Oil, Canada
Indian Oil Corporation, India
Irving Oil, Canada
Grupa LOTOS, Poland
Kerr-McGee, United States
Koch Industries, United States
The Louisiana Land %26amp; Exploration Company, United States
LUKoil, Russia
Marathon Oil Corporation, United States
Maxol Group, Republic of Ireland
Neste Oil, Finland
Norsk Hydro, Norway
North Atlantic Petroleum, Canada
Oil India Limited, India
OMV, Austria
ONGC, India
Orlen, Poland
Petr贸leos de Venezuela, Venezuela
Petroleos Mexicanos, Mexico
Petro-Canada, Canada
Petro Peru, Peru
Petrobras, Brazil
PetroChina, China
Petroconpak, Pakistan
PetroKazakhstan, Canada
Petronas, Malaysia
Petrotrin, Trinidad and Tobago
Pertamina, Indonesia
Pogo Producing, United States
PSO, Pakistan
Qatar Petroleum, Qatar
Reliance Industries Limited, India
Repsol YPF, Spain
NNPC,Nigeria
Royal Dutch Shell, Netherlands, United Kingdom
Santos Limited, Australia
Saudi Aramco, Saudi Arabia (the largest in the world)
Shell Canada, Canada (subsidiary of Royal Dutch Shell)
Shell Oil Company, United States (subsidiary of Royal Dutch Shell)
Ship N Oil Corporation, United States SEE.[3]
Sinclair Oil, United States
Sinopec, China
Sonangol, Angola
Sonatrach, Algeria
SPC, Singapore
Statoil, Norway
Sunoco, United States
Suncor Energy, Canada
Surgutneftegaz, Russia
Syncrude, Canada
Talisman Energy, Canada
Teikoku Oil, Japan
Todd Energy, New Zealand
Total, France
T眉pra艧, Turkey
Vaalco Energy Inc., United States
Van Doren Oil, United States
Woodside Petroleum, Australia
YPFB, Bolivia
YUKOS, Russia
Why can't the US government rescind some of the tax breaks to the Oil Companies,?
and use those funds to build some Refineries. There seems to be p[lenty of oil but not enough refining capacity. How many refineries could we build for the $120 billion dollars we will be spending in Iraq?Why can't the US government rescind some of the tax breaks to the Oil Companies,?
Alot, but it's a NIMBY (Not In My Back Yard) issue.....No one wants a refinery near them.. ....Also, the government can, but it won't. All the politicians in Washington DC are bought and paid for by big oil lobbyists. And don't forget the President and VP both come from oil backgrounds. Also, you know why the oil companies are having trouble building oil refineries in the US? It's not money...It's all the red tape and regulations of the EPA (Environmental Protection Agency)...They say it takes 10-15 years from start to finish to build a refinery because of EPA.Why can't the US government rescind some of the tax breaks to the Oil Companies,?
The real question is, where could we build these refineries? All the special interest groups have for 30 years fought any effort to build any.
there's so much red tape involved in building an oil refinery, it's just cheaper to fix the old one. And anything that runs for 30 years is bound to break down. So you're gonna have to deal with the extra costs.
Because the oil companies are a good part of the present US Government and don't want to tax themselves by increasing their expenses.
Alot, but it's a NIMBY (Not In My Back Yard) issue.....No one wants a refinery near them.. ....Also, the government can, but it won't. All the politicians in Washington DC are bought and paid for by big oil lobbyists. And don't forget the President and VP both come from oil backgrounds. Also, you know why the oil companies are having trouble building oil refineries in the US? It's not money...It's all the red tape and regulations of the EPA (Environmental Protection Agency)...They say it takes 10-15 years from start to finish to build a refinery because of EPA.Why can't the US government rescind some of the tax breaks to the Oil Companies,?
The real question is, where could we build these refineries? All the special interest groups have for 30 years fought any effort to build any.
there's so much red tape involved in building an oil refinery, it's just cheaper to fix the old one. And anything that runs for 30 years is bound to break down. So you're gonna have to deal with the extra costs.
Because the oil companies are a good part of the present US Government and don't want to tax themselves by increasing their expenses.
Oil question: after all the oil is gone from a well, what must the oil companies do to the well?
Self-explanatoryOil question: after all the oil is gone from a well, what must the oil companies do to the well?
Cap it, which may or may not mean pumping cement down the hole. More often, (assuming they own the land or have very long term leases, they will simple place a steel cap over the pipe and remove the pump equipment.
It's not unusual for old wells to become active again with new technology, so they don't usually do anything permanent.
Oil question: after all the oil is gone from a well, what must the oil companies do to the well?
Pump something into it that will keep the pressure levels stable.
Pump it full of cement.
Cap it, which may or may not mean pumping cement down the hole. More often, (assuming they own the land or have very long term leases, they will simple place a steel cap over the pipe and remove the pump equipment.
It's not unusual for old wells to become active again with new technology, so they don't usually do anything permanent.
Oil question: after all the oil is gone from a well, what must the oil companies do to the well?
Pump something into it that will keep the pressure levels stable.
Pump it full of cement.
OBAMA: ';John, you want to give oil companies another $4 billion'; in tax breaks.?
THE FACTS: The $4 billion in tax breaks for the oil companies is simply part of McCain's overall corporate tax reduction plan and does not represent an additional tax benefit. In other words, the corporate tax reduction applies to all corporations, oil companies included. Both Obama and McCain have proposed eliminating oil and gas tax loopholes.
will the media leave this out??OBAMA: ';John, you want to give oil companies another $4 billion'; in tax breaks.?
MCcain= good president, good leader
OBama= bad president, bad leaderOBAMA: ';John, you want to give oil companies another $4 billion'; in tax breaks.?
Well keep this in mind....
Everyone is worried about their 401K's their retirement plans, their pensions... ALL invest in stable mutual funds.
So.... Where does this money come from? It comes FROM BIG OIL. YOU, ME, and EVERYONE that has a 401K benefits from their profits. We don't make as much as the CEO's obviously, but their success impacts our individual futures.
Well,it's nice that all of the corporations are getting tax breaks,not just the oil companies. That makes it all better.
Big Business has enough coddling as it is.
Well fact check posted it. It was stupid for BO to mention this I think. He has the advantage of not being Republican right now. He will spoil it by cherry picking and distorting the truth when he doesn't need to. Fine by me though.
People think companys don't add on the added cost of taxes to the end product.
Where's the question? ........... oh I see , I'll let Mccain answer this one
will the media leave this out??OBAMA: ';John, you want to give oil companies another $4 billion'; in tax breaks.?
MCcain= good president, good leader
OBama= bad president, bad leaderOBAMA: ';John, you want to give oil companies another $4 billion'; in tax breaks.?
Well keep this in mind....
Everyone is worried about their 401K's their retirement plans, their pensions... ALL invest in stable mutual funds.
So.... Where does this money come from? It comes FROM BIG OIL. YOU, ME, and EVERYONE that has a 401K benefits from their profits. We don't make as much as the CEO's obviously, but their success impacts our individual futures.
Well,it's nice that all of the corporations are getting tax breaks,not just the oil companies. That makes it all better.
Big Business has enough coddling as it is.
Well fact check posted it. It was stupid for BO to mention this I think. He has the advantage of not being Republican right now. He will spoil it by cherry picking and distorting the truth when he doesn't need to. Fine by me though.
People think companys don't add on the added cost of taxes to the end product.
Where's the question? ........... oh I see , I'll let Mccain answer this one
Why do ';health food companies'; use palm oil?
Why do some so-called 'health food companies', including those specialising in organic ingredients use palm oil. Why do they not think it unethical to do so? Are they thus any better than any other food manufacturer, including 'big players' in the market, whose company aims are largely for profits/keeping shareholders happy?Why do ';health food companies'; use palm oil?
i don't know why anybody would use so called healthy foods which contain palm oil have they seen the state of Borneo lately ,looks decidedly unhealthy to meWhy do ';health food companies'; use palm oil?
Not only are there environmental consequences in using Palm Oil, it is extremeky UNhealthy as it is a rich source of BAD cholesterol.
Palm Oil is usually used in food production because it is a preservative and is cheap.
The only healthy food is the one you prepare yourself with fresh ingredients. All the rest is business.
i don't know why anybody would use so called healthy foods which contain palm oil have they seen the state of Borneo lately ,looks decidedly unhealthy to meWhy do ';health food companies'; use palm oil?
Not only are there environmental consequences in using Palm Oil, it is extremeky UNhealthy as it is a rich source of BAD cholesterol.
Palm Oil is usually used in food production because it is a preservative and is cheap.
The only healthy food is the one you prepare yourself with fresh ingredients. All the rest is business.
Has Bush been better for oil companies, or Islamic extremists?
You have to say both have done extremely well under his tenure of Office.
The Oil companies are making the sort of profits they could only fantasize about.... look at exxon only last week, and the Islamic Terrorists now fill every frontpage and News bulletin on every news station.
In the mean time the American people have been royally screwed. Thanks GWBHas Bush been better for oil companies, or Islamic extremists?
NeitherHas Bush been better for oil companies, or Islamic extremists?
He is far better than anybody from the Fascist party (Democrat) has ever had.
Wow, the left sure has some stupid answers here.
some people will defend bush till the end . gw was great but o dont ever let us forget o bill got a b j i think eric still has time to go to iraq and kill some people just call king george and say kill kill kill
Haven't you gotten tired of asking the same old question over the past 6 years?... get a life... and a brain would help too...
Both.
And both bad for the American people.
He has been better off for psychiatrist since he has filled their offices with morons with Bush Derangement syndrome.
Both, I think! But, mostly oil companies! *sm*
both
Neither.
Bush has been better for the alcoholic beverage companies.
Both have experienced increase.
Oil companies have record profits.
Terrorists have had the best recruiting tool they could ask for.
It's tough to call, but I'd go with oil companies.
Both.
Actually both. He played right into the extremists hands by invading Iraq giving them a killing ground to get Americans and recruit more extremists because of the invasion.
And oil has gone up to $100 a barrel under his watch because of instability fears due to the war and undiminished demand at home and him not being environmentally conscious and to conserve.
both dont forget weapons manufacturing, haliburton, and the uber rich in general
Considering we created Islamic Extremism during the cold war to fight the Russians. I would have to say the Oil Companies have benefited more.
ask Osama bin Laden. He was all upset that the Democrats didn't stop funding the war. He and all the terrorists totally support getting Democrats elected. Makes you pause and think?
Instead of spitting out baseless accusations, why dont you give us some cold hard facts to support your claim for a change. You people that talk sh!t about America for the sake of bashing Bush really SUCK!
Does anyone on here even have the first clue as to how oil prices are set? You are so clouded with hostility and bitterness that you dont let the facts get in the way of your thought process.
NO! Better for ME!!!
Neither
The Oil companies are making the sort of profits they could only fantasize about.... look at exxon only last week, and the Islamic Terrorists now fill every frontpage and News bulletin on every news station.
In the mean time the American people have been royally screwed. Thanks GWBHas Bush been better for oil companies, or Islamic extremists?
NeitherHas Bush been better for oil companies, or Islamic extremists?
He is far better than anybody from the Fascist party (Democrat) has ever had.
Wow, the left sure has some stupid answers here.
some people will defend bush till the end . gw was great but o dont ever let us forget o bill got a b j i think eric still has time to go to iraq and kill some people just call king george and say kill kill kill
Haven't you gotten tired of asking the same old question over the past 6 years?... get a life... and a brain would help too...
Both.
And both bad for the American people.
He has been better off for psychiatrist since he has filled their offices with morons with Bush Derangement syndrome.
Both, I think! But, mostly oil companies! *sm*
both
Neither.
Bush has been better for the alcoholic beverage companies.
Both have experienced increase.
Oil companies have record profits.
Terrorists have had the best recruiting tool they could ask for.
It's tough to call, but I'd go with oil companies.
Both.
Actually both. He played right into the extremists hands by invading Iraq giving them a killing ground to get Americans and recruit more extremists because of the invasion.
And oil has gone up to $100 a barrel under his watch because of instability fears due to the war and undiminished demand at home and him not being environmentally conscious and to conserve.
both dont forget weapons manufacturing, haliburton, and the uber rich in general
Considering we created Islamic Extremism during the cold war to fight the Russians. I would have to say the Oil Companies have benefited more.
ask Osama bin Laden. He was all upset that the Democrats didn't stop funding the war. He and all the terrorists totally support getting Democrats elected. Makes you pause and think?
Instead of spitting out baseless accusations, why dont you give us some cold hard facts to support your claim for a change. You people that talk sh!t about America for the sake of bashing Bush really SUCK!
Does anyone on here even have the first clue as to how oil prices are set? You are so clouded with hostility and bitterness that you dont let the facts get in the way of your thought process.
NO! Better for ME!!!
Neither
Are not the oil companies behaving like economic terroists?
By lowering gas prices? Bizarre.Are not the oil companies behaving like economic terroists?
I was wondering when somebody would ask this!
And I agree, I think they are terrorists.Always have,always willAre not the oil companies behaving like economic terroists?
Well, in that case, don't support ';terrorism.'; Don't buy gas for your car and don't drive anywhere. Don't take public transportation, either. Get rid of your clothes, because they were transported on trucks that use fossil fuels.
If you're not walking around nekkid right now, you're a hypocrite.
No, the price is controlled by auction on the New York Commodities Exchange. It is impossible for oil companies to control the prices set there. OPEC can be considered terrorists since they control the amount of output to under supply the world and this raises prices due to lack of supply. As well as democrats who limit the US' oil exploration. They are the biggest whiners and hypocrites, due to ignorance and are our domestic terrorists. Terrorist bombings of the oil pipelines in iraq(so what else is new?) also causes shortages. This is the basics to any discussion about oil and gasoline prices, when known would render this question as useless.
What???
It's not just Oil , it's all of the large Corporations , they are running this Congress and this country through Bush . That is who put Bush in office , we didn't .
Of course they are. There is no free market when it comes to oil. The government knows this and supports the oil companies. Especially the GOP has gotten the drift since a long time and caters to the needs of the oil industry. The war against Iraq and the Iraqi people is a war for oil. The case for WMD's was so weak that it was laughable. WMD's never existed, and the story was quickly changed to:';We want to bring democracy to Iraq.';
Yea right. All we brought to Iraq was terrorism. Although that wasn't our intention. Our intention was the oil, and proof for that is that as soon as U.S. troops went into Baghdad they secured the oil ministry. Yep... first things first.
The terrorism that has been created by us in Iraq was caused by the greed for oil. Our country just couldn't leave the second largest oil reserves in the world to the Iraqis. We had to get our grubby fingers on it.
So yes... the oil companies are directly responsible for terrorism.
oil companies are not the only ones. companies who outsource to Third World countries are just like that to get cheaper labor, poor working environment and deprive its own people worksource.
I was wondering when somebody would ask this!
And I agree, I think they are terrorists.Always have,always willAre not the oil companies behaving like economic terroists?
Well, in that case, don't support ';terrorism.'; Don't buy gas for your car and don't drive anywhere. Don't take public transportation, either. Get rid of your clothes, because they were transported on trucks that use fossil fuels.
If you're not walking around nekkid right now, you're a hypocrite.
No, the price is controlled by auction on the New York Commodities Exchange. It is impossible for oil companies to control the prices set there. OPEC can be considered terrorists since they control the amount of output to under supply the world and this raises prices due to lack of supply. As well as democrats who limit the US' oil exploration. They are the biggest whiners and hypocrites, due to ignorance and are our domestic terrorists. Terrorist bombings of the oil pipelines in iraq(so what else is new?) also causes shortages. This is the basics to any discussion about oil and gasoline prices, when known would render this question as useless.
What???
It's not just Oil , it's all of the large Corporations , they are running this Congress and this country through Bush . That is who put Bush in office , we didn't .
Of course they are. There is no free market when it comes to oil. The government knows this and supports the oil companies. Especially the GOP has gotten the drift since a long time and caters to the needs of the oil industry. The war against Iraq and the Iraqi people is a war for oil. The case for WMD's was so weak that it was laughable. WMD's never existed, and the story was quickly changed to:';We want to bring democracy to Iraq.';
Yea right. All we brought to Iraq was terrorism. Although that wasn't our intention. Our intention was the oil, and proof for that is that as soon as U.S. troops went into Baghdad they secured the oil ministry. Yep... first things first.
The terrorism that has been created by us in Iraq was caused by the greed for oil. Our country just couldn't leave the second largest oil reserves in the world to the Iraqis. We had to get our grubby fingers on it.
So yes... the oil companies are directly responsible for terrorism.
oil companies are not the only ones. companies who outsource to Third World countries are just like that to get cheaper labor, poor working environment and deprive its own people worksource.
Is it coincidence that Bush,Cheney are Oil men and Oil companies have never made more money???
No. It's called more people buying gas or buying lots more of it.Is it coincidence that Bush,Cheney are Oil men and Oil companies have never made more money???
Bush was in the oil industry for less than 10 years and that was 20 years ago.
Cheney was Chairman of Halliburton for 5 years. They are involved with equipement and services in the oil business but they are not an ';oil company';.
The investments of both men are in a blind trust.
It's a coincidence that both men have had some connection to the oil industry while prices are soaring. Same coincidence as Bill Clinton lobbying for Middle East Oil countries.Is it coincidence that Bush,Cheney are Oil men and Oil companies have never made more money???
No, Cheney and the oil companies planned this all out in their secret meeting back in 2001. We know from the log books that the heads of these companies met with Cheney, but the details of their meeting was kept secret. What did they have to hide?
No. Why do you people insist on grasping at this straw? Give it up already. It is paranoid and pathetic, quite frankly. Not to mention not helping your case whatsoever.
Bush says he was investing in the war and was making money outta of it. Nothing wrong their. Presidents make money from leadership. Much like Clinton and his books.
Bush was never really an oil man;Cheney was. It is not a coincidence it is just good business.
No, it's called smart business sense and wise investing.
you want a coincidence? look up Al Gore and Carbon Credits.
Ummm what? How did you escape from the creche?
Bush was in the oil industry for less than 10 years and that was 20 years ago.
Cheney was Chairman of Halliburton for 5 years. They are involved with equipement and services in the oil business but they are not an ';oil company';.
The investments of both men are in a blind trust.
It's a coincidence that both men have had some connection to the oil industry while prices are soaring. Same coincidence as Bill Clinton lobbying for Middle East Oil countries.Is it coincidence that Bush,Cheney are Oil men and Oil companies have never made more money???
No, Cheney and the oil companies planned this all out in their secret meeting back in 2001. We know from the log books that the heads of these companies met with Cheney, but the details of their meeting was kept secret. What did they have to hide?
No. Why do you people insist on grasping at this straw? Give it up already. It is paranoid and pathetic, quite frankly. Not to mention not helping your case whatsoever.
Bush says he was investing in the war and was making money outta of it. Nothing wrong their. Presidents make money from leadership. Much like Clinton and his books.
Bush was never really an oil man;Cheney was. It is not a coincidence it is just good business.
No, it's called smart business sense and wise investing.
you want a coincidence? look up Al Gore and Carbon Credits.
Ummm what? How did you escape from the creche?
What is process for leasing an oil tanker?What companies perform this service?
If I'm not mistaken, oil tankers are usually bought by large corporations for their use, and not leased out to individuals.
If you're wondering about manufacturers, check Hyundai HI (Heavy Industries).
If you're wondering about manufacturers, check Hyundai HI (Heavy Industries).
Why are we letting big oil companies get away with robbing us on oil priceses?
Caus we cant drill the oil are self'sWhy are we letting big oil companies get away with robbing us on oil priceses?
saddle up your riding stock and travel horse back.Why are we letting big oil companies get away with robbing us on oil priceses?
Oil prices may seem to be high, but on an inflation-adjusted basis, they were higher 16 years ago. Oil producers buy a commodity, crude petroleum, and convert it into gas and oil. When the price of a commodity is rising and you contract to buy it, you may make a lot of money when you finally receive the commodity and process it three months later. The opposite happens in a falling commodity market, and it is possible that profits can be driven to zero when commodity prices are falling. Oil companies are owned by the public, not by the President and his friends. Oil companies have historically not been a good investment until recently. The difference between a tight supply situation and a soft market is very small. If everyone in the US used one gallon of gas per week less, prices would probably fall. The idea that we could influence gas prices by not buying fuel for one day is laughable. What would you do if gas was $10 per gallon in, say, five years? Think about this carefully, then do it. Get a small car. Buy a hybrid. Combine trips. Sell your RV. Ditch the V8 SUV. Buy a bicycle.
Because we aren't willing to cut consumption to show them we won't pay the prices. Putting off filling up for a day only causes a rush for gas a day before and a day after. We need to refuse to drive, and to refuse to fill up as often. If we usually use 20 gallons in two weeks, but cut it down to 10 (and I mean everyone cut consumption in half), they'd have to do something. Oil companies won't change until we don't need it.
I'm sorry, but charging the maximum price that people are willing to pay is not robbery, it is good business. If you think the price is too high, don't buy.
The issue is supply and demand in a capitalist market. The demand is higher than ever with emerging fuel markets such as China and India. One of the reasons, it is high here in the US is due to the lack of new refineries and oil wells. Recently, there was a huge oil reserve that was found in the Gulf of Mexico that could remove our dependence on foreign oil. The problem with using it is all of the tree hugging hippies that refuse to allow offshore drilling and keep new refineries from being built.
Because the President %26amp; Vice President of U.S. are all for big oil...Bush %26amp; Cheney...I can't wait for January 20, 2009 !!!
It is not ';big oil companies'; unless by ';big oil'; you mean the members of OPEC. Exxon and the gang do not control the world's supply of oil. They once did, but now they are also subject to market forces they don't control.
Did you notice that in Venezuela, the government unilaterally and without compensation took over more than 50% of the oil business in that country? The oil majors squeaked, but they couldn't stop nationalization. If they can't deal with HUgo Chavez, do you really think they control the House of Saud?
In any event, I think high oil prices are the best thing that has happened to us all in quite a while. We aren't getting hybrid vehicles because of environmental benefits. They weren't selling or popular when all they had to offer was cleaner air. Now that they offer savings in real money at the pump, people are clamoring for more hybrids.
Only when oil prices are high enough to make other forms of energy cost-effective are we likely to get real change to alternative energy. So, if it is ';big oil'; robbing us, I say ';bless big oil.';
I guess people won't do anything until it costs on average $100 to fill up. I heard that on the news. A lot has to do with the fact that most people have credit cards so they just charge it and worry about it later.
Because the politions don;t have to pay for their own fuel . if they did ,they might get serious and do something. There is no reason for the high fuel prices except greed ..Consumption is down and so is the barrel price. Whats wrong with this picture?
Good Question! I would think we need to ask Mrs. Pelosi that question and then check the oil lobbyist's interactions with her and those sycophants of her's like Reid, etal. to see how close they are to each other. It's pretty obvious that some old debts are being repaid to the oil industry at the cost of the US taxpayer. Hate to say it, but GWB is probably involved as well, because of his oil background. Just too obvious that the oil companies can raise prices like this with impunity. Somebody's got the secret combo at Justice or something.... say is that why the dems are making so much smoke over our current ATT GEN? Deflect, obfuscate, confuse...yep, I think I've answered the question!
Because right now ';we'; is George Bush, my friend. And he is the best buddy of the oil companies. Such a good friend that he started a war over oil and is still fighting it four years later. Some friend.
Because the democrats can not keep any of their campaign promises. Nancy is not fit for her job.
I think it's because oil is so integrated into our comforts and lifestyle that it's hard to make the sacrifices necessary to ';stick it to the (oil) man';.
We just have to change our lifestyles: prefer mass transit to driving, car pool, walk or bicycle; drive less often, buy hybrid and/or fuel-efficient cars (read: no SUVs), drive less aggressively...
The oil business is just like any other: they will raise prices as high as they can to maximize profits. As long as *enough* people pay the higher prices, the oil companies are more than happy to rake in the profits.
I think that a lot of people---myself included---find it very hard to make the sweeping life changes necessary to make a difference.
because the demand is so high for it these days
because you the voter elected to congress the clowns that care only for their own wallet. do you hear any of them complaining?
Big oil companies are not the real problem. They are, however, a convenient target for the Liberals and the Environ-mental-ists and their willing dupes in the main-stream media.
The commodity price for crude oil is set by the market, which is where the problem starts. Every time some arab sheik gets his turban in a knot, the barrel price goes up a buck or two. The guys who pump oil out of the ground and sell it to Big Oil make about 30 cents per gallon. Big Oil then refines it and distributes it to wherever it needs to go, and makes roughly 6 cents per gallon. The gas station owners who sell gas make 2 cents per gallon if they are lucky. Now the fun part - the Federal, State and Local governments collect a combined 35-40 cents per gallon in taxes (in some places it's more than that), and they have absolutely nothing to do with production, refining or distribution!!! The Gubment just leeches off of us, like they do for almost everything else in this world. So where is the real problem with oil prices?? Follow the money and you'll find out.
If you really want the price of oil and gas to go down, we need to elect people to Congress who actually have the balls to let Big Oil drill and develop our domestic oil sources (ANWR, shale conversion, drilling on coastlines and in Gulf of Mexico), while at the same time moving ahead with development of alternate energy sources (hydrogen, solar, wind, NUCLEAR).
After a few years of showing the Middle East we can live just fine without their oil, they'll have to practically give the stuff away. The key to all of this is weaning ourselves off of foreign oil first. There's plenty of it here at home we can find and use if the Gubment would get out of the way.
Sweetie, because we NEED the oil!
Because George Washington is dead. Do you think our founding fathers would tolerate the state of our nation. While the Supreme Court bastardizes our Constitution, our ';representatives'; sell us down the river every chance they get. I am mad as hell, and I want to know who feels the same way!
saddle up your riding stock and travel horse back.Why are we letting big oil companies get away with robbing us on oil priceses?
Oil prices may seem to be high, but on an inflation-adjusted basis, they were higher 16 years ago. Oil producers buy a commodity, crude petroleum, and convert it into gas and oil. When the price of a commodity is rising and you contract to buy it, you may make a lot of money when you finally receive the commodity and process it three months later. The opposite happens in a falling commodity market, and it is possible that profits can be driven to zero when commodity prices are falling. Oil companies are owned by the public, not by the President and his friends. Oil companies have historically not been a good investment until recently. The difference between a tight supply situation and a soft market is very small. If everyone in the US used one gallon of gas per week less, prices would probably fall. The idea that we could influence gas prices by not buying fuel for one day is laughable. What would you do if gas was $10 per gallon in, say, five years? Think about this carefully, then do it. Get a small car. Buy a hybrid. Combine trips. Sell your RV. Ditch the V8 SUV. Buy a bicycle.
Because we aren't willing to cut consumption to show them we won't pay the prices. Putting off filling up for a day only causes a rush for gas a day before and a day after. We need to refuse to drive, and to refuse to fill up as often. If we usually use 20 gallons in two weeks, but cut it down to 10 (and I mean everyone cut consumption in half), they'd have to do something. Oil companies won't change until we don't need it.
I'm sorry, but charging the maximum price that people are willing to pay is not robbery, it is good business. If you think the price is too high, don't buy.
The issue is supply and demand in a capitalist market. The demand is higher than ever with emerging fuel markets such as China and India. One of the reasons, it is high here in the US is due to the lack of new refineries and oil wells. Recently, there was a huge oil reserve that was found in the Gulf of Mexico that could remove our dependence on foreign oil. The problem with using it is all of the tree hugging hippies that refuse to allow offshore drilling and keep new refineries from being built.
Because the President %26amp; Vice President of U.S. are all for big oil...Bush %26amp; Cheney...I can't wait for January 20, 2009 !!!
It is not ';big oil companies'; unless by ';big oil'; you mean the members of OPEC. Exxon and the gang do not control the world's supply of oil. They once did, but now they are also subject to market forces they don't control.
Did you notice that in Venezuela, the government unilaterally and without compensation took over more than 50% of the oil business in that country? The oil majors squeaked, but they couldn't stop nationalization. If they can't deal with HUgo Chavez, do you really think they control the House of Saud?
In any event, I think high oil prices are the best thing that has happened to us all in quite a while. We aren't getting hybrid vehicles because of environmental benefits. They weren't selling or popular when all they had to offer was cleaner air. Now that they offer savings in real money at the pump, people are clamoring for more hybrids.
Only when oil prices are high enough to make other forms of energy cost-effective are we likely to get real change to alternative energy. So, if it is ';big oil'; robbing us, I say ';bless big oil.';
I guess people won't do anything until it costs on average $100 to fill up. I heard that on the news. A lot has to do with the fact that most people have credit cards so they just charge it and worry about it later.
Because the politions don;t have to pay for their own fuel . if they did ,they might get serious and do something. There is no reason for the high fuel prices except greed ..Consumption is down and so is the barrel price. Whats wrong with this picture?
Good Question! I would think we need to ask Mrs. Pelosi that question and then check the oil lobbyist's interactions with her and those sycophants of her's like Reid, etal. to see how close they are to each other. It's pretty obvious that some old debts are being repaid to the oil industry at the cost of the US taxpayer. Hate to say it, but GWB is probably involved as well, because of his oil background. Just too obvious that the oil companies can raise prices like this with impunity. Somebody's got the secret combo at Justice or something.... say is that why the dems are making so much smoke over our current ATT GEN? Deflect, obfuscate, confuse...yep, I think I've answered the question!
Because right now ';we'; is George Bush, my friend. And he is the best buddy of the oil companies. Such a good friend that he started a war over oil and is still fighting it four years later. Some friend.
Because the democrats can not keep any of their campaign promises. Nancy is not fit for her job.
I think it's because oil is so integrated into our comforts and lifestyle that it's hard to make the sacrifices necessary to ';stick it to the (oil) man';.
We just have to change our lifestyles: prefer mass transit to driving, car pool, walk or bicycle; drive less often, buy hybrid and/or fuel-efficient cars (read: no SUVs), drive less aggressively...
The oil business is just like any other: they will raise prices as high as they can to maximize profits. As long as *enough* people pay the higher prices, the oil companies are more than happy to rake in the profits.
I think that a lot of people---myself included---find it very hard to make the sweeping life changes necessary to make a difference.
because the demand is so high for it these days
because you the voter elected to congress the clowns that care only for their own wallet. do you hear any of them complaining?
Big oil companies are not the real problem. They are, however, a convenient target for the Liberals and the Environ-mental-ists and their willing dupes in the main-stream media.
The commodity price for crude oil is set by the market, which is where the problem starts. Every time some arab sheik gets his turban in a knot, the barrel price goes up a buck or two. The guys who pump oil out of the ground and sell it to Big Oil make about 30 cents per gallon. Big Oil then refines it and distributes it to wherever it needs to go, and makes roughly 6 cents per gallon. The gas station owners who sell gas make 2 cents per gallon if they are lucky. Now the fun part - the Federal, State and Local governments collect a combined 35-40 cents per gallon in taxes (in some places it's more than that), and they have absolutely nothing to do with production, refining or distribution!!! The Gubment just leeches off of us, like they do for almost everything else in this world. So where is the real problem with oil prices?? Follow the money and you'll find out.
If you really want the price of oil and gas to go down, we need to elect people to Congress who actually have the balls to let Big Oil drill and develop our domestic oil sources (ANWR, shale conversion, drilling on coastlines and in Gulf of Mexico), while at the same time moving ahead with development of alternate energy sources (hydrogen, solar, wind, NUCLEAR).
After a few years of showing the Middle East we can live just fine without their oil, they'll have to practically give the stuff away. The key to all of this is weaning ourselves off of foreign oil first. There's plenty of it here at home we can find and use if the Gubment would get out of the way.
Sweetie, because we NEED the oil!
Because George Washington is dead. Do you think our founding fathers would tolerate the state of our nation. While the Supreme Court bastardizes our Constitution, our ';representatives'; sell us down the river every chance they get. I am mad as hell, and I want to know who feels the same way!
If a property owner is letting an oil company drill on their property, and they hit oil?
If an oil company is drilling on someone's property and they hit oil how long does it take for the property owner to get money from the oil company?If a property owner is letting an oil company drill on their property, and they hit oil?
subject to the terms and conditions of the oil and gas lease you signed.If a property owner is letting an oil company drill on their property, and they hit oil?
Should be stated in the agreement.greek theater oil gas
subject to the terms and conditions of the oil and gas lease you signed.If a property owner is letting an oil company drill on their property, and they hit oil?
Should be stated in the agreement.
Oil climbed above historic high: is the job done (for the oil companies) or not , yet?
If I'm not mistaken the Texan oil monster companies (like Bush's) must win a fortune now...The 4000 dead went for a good cause...making Bush richer. Is the job done or does he want more?Oil climbed above historic high: is the job done (for the oil companies) or not , yet?
You KNOW they're not done. If Congress doesn't end the war, the current guesstimate is that we will be in Iraq a minimum of ten more years. Add that to the fact that they are building a permanent embassy in Iraq worth billions of dollars to build %26amp; maintain %26amp; with every ammenity you can imagine (swimming pools, tennis courts, etc) Call it a fortress inside a fortress. Besides, what's 4000 lives when we have approx 172,000 to spare?
Exxon Mobile alone is expected to top more than 100,000 billion dollars in its next quarter. Yes, in just 3 short months. Hundreds of billions of dollars a year!! Does that sound like someone that needs subsidy funding from the US Govt? Our tax dollars at work!!
Greed is an understatement. If another Republican gets into the Presidency in 2008 %26amp; continues the tax cuts, America is doomed. The subsidaries alone to the oil companies is breaking the middle class, forcing our country into two sectors, the elites (rich) and the peasants (the rest of us).
Rarely do they report the quarterly earnings through the media. Why? People go crazy when they hear the latest reports. You have to get that type of info online.
Chances are, it won't be over until our Govt collapses. And that might not be too far down the road.Oil climbed above historic high: is the job done (for the oil companies) or not , yet?
check reality.
presidents have nothing to do with the open market.
china and india whose collective consumption of oil has risen over 100% since 1998, are two of the REAL reasons for the increase in oil prices.
be sure and ask bill clinton about his golf buddy ken lay of enron fame and ask al goreleone about his connections to occidental petroleum and his selling of our navy national reserve at elk hills to said company that he gets money and stock from.
nope. no lefty hypocrisy.
Not yet. Not until gas prices for consumers are at $5.00 a Liter.
Its worse than that because oil companies here can raise or lower our gas prices so we don't have inflation in the European eyes...It doesn't matter what happens to us...That is clear because our President told people who are losing their homes that they should have known better to buy something they can't afford....He tried to take that back by saying he expected the Subprime lenders to help prevent people from losing their homes...(after those banks got millions in free money printed by the Feds) that mean we really have no control of our Fed Reserve since it is private...and the ';trickle down'; theory is alive and well and never did work in the ';free market';...small banks in Europe have lost millions and had to be bailed out too so the downward spiral to a true depression was averted for now... Some one near and dear to me was surprised after the invasion of Iraq that the gas prices have never gone down...He doesn't understand that oil is now being traded as Futures and the prices can rise and fall without you doing a thing about it...Bush is pushing for a future in Hydrogen fuel because it means years of profits before the whole program gets scuttled like so many other ideas...After all he is an oil man having started with investment by his best friends the Bin Ladens...Is life fair or What???
How would Bush get rich? Did you check his portfolio to see if he owned shares in the numerous oil companies? Even if he did, him and millions of others own shares in oil companies, all you have to do is call a stock broker. Whenever you buy plastic, fill your car up with gas or oil, buy a rug, eat, turn your lights on, using your computer, you are using something made with petroleum or petroleum was used in the making of whatever you use or eat.
Yes.
GOOD WORK, DEMOCRATS.
Don't allow Drilling, and force People to get bicycles.
HATS OFF TO AL GORE. HIS LITTLE PLAN IS GETTING BIG!
Cool!!!!!!!!
(If people weren't so ignorant %26amp; gullible, they would know that Democrats in Congress have Millions of Dollars in Oil Company Stocks.)
Which is OKAY. (Unless they try to get Oil Prices Higher, by not letting us drill.)
The prices are going to keep rising unfortunately.The soldiers won't be home.Any hurricane or storm will drive gasoline through the moon (its already through the roof)The interest cut will probably fuel more inflation .So the answer is they are not done yet my friend.oh yeah Greed has no Limit!
Bush was ridiculously rich before he got into power so doubt he is done, his legacy must go on.
You KNOW they're not done. If Congress doesn't end the war, the current guesstimate is that we will be in Iraq a minimum of ten more years. Add that to the fact that they are building a permanent embassy in Iraq worth billions of dollars to build %26amp; maintain %26amp; with every ammenity you can imagine (swimming pools, tennis courts, etc) Call it a fortress inside a fortress. Besides, what's 4000 lives when we have approx 172,000 to spare?
Exxon Mobile alone is expected to top more than 100,000 billion dollars in its next quarter. Yes, in just 3 short months. Hundreds of billions of dollars a year!! Does that sound like someone that needs subsidy funding from the US Govt? Our tax dollars at work!!
Greed is an understatement. If another Republican gets into the Presidency in 2008 %26amp; continues the tax cuts, America is doomed. The subsidaries alone to the oil companies is breaking the middle class, forcing our country into two sectors, the elites (rich) and the peasants (the rest of us).
Rarely do they report the quarterly earnings through the media. Why? People go crazy when they hear the latest reports. You have to get that type of info online.
Chances are, it won't be over until our Govt collapses. And that might not be too far down the road.Oil climbed above historic high: is the job done (for the oil companies) or not , yet?
check reality.
presidents have nothing to do with the open market.
china and india whose collective consumption of oil has risen over 100% since 1998, are two of the REAL reasons for the increase in oil prices.
be sure and ask bill clinton about his golf buddy ken lay of enron fame and ask al goreleone about his connections to occidental petroleum and his selling of our navy national reserve at elk hills to said company that he gets money and stock from.
nope. no lefty hypocrisy.
Not yet. Not until gas prices for consumers are at $5.00 a Liter.
Its worse than that because oil companies here can raise or lower our gas prices so we don't have inflation in the European eyes...It doesn't matter what happens to us...That is clear because our President told people who are losing their homes that they should have known better to buy something they can't afford....He tried to take that back by saying he expected the Subprime lenders to help prevent people from losing their homes...(after those banks got millions in free money printed by the Feds) that mean we really have no control of our Fed Reserve since it is private...and the ';trickle down'; theory is alive and well and never did work in the ';free market';...small banks in Europe have lost millions and had to be bailed out too so the downward spiral to a true depression was averted for now... Some one near and dear to me was surprised after the invasion of Iraq that the gas prices have never gone down...He doesn't understand that oil is now being traded as Futures and the prices can rise and fall without you doing a thing about it...Bush is pushing for a future in Hydrogen fuel because it means years of profits before the whole program gets scuttled like so many other ideas...After all he is an oil man having started with investment by his best friends the Bin Ladens...Is life fair or What???
How would Bush get rich? Did you check his portfolio to see if he owned shares in the numerous oil companies? Even if he did, him and millions of others own shares in oil companies, all you have to do is call a stock broker. Whenever you buy plastic, fill your car up with gas or oil, buy a rug, eat, turn your lights on, using your computer, you are using something made with petroleum or petroleum was used in the making of whatever you use or eat.
Yes.
GOOD WORK, DEMOCRATS.
Don't allow Drilling, and force People to get bicycles.
HATS OFF TO AL GORE. HIS LITTLE PLAN IS GETTING BIG!
Cool!!!!!!!!
(If people weren't so ignorant %26amp; gullible, they would know that Democrats in Congress have Millions of Dollars in Oil Company Stocks.)
Which is OKAY. (Unless they try to get Oil Prices Higher, by not letting us drill.)
The prices are going to keep rising unfortunately.The soldiers won't be home.Any hurricane or storm will drive gasoline through the moon (its already through the roof)The interest cut will probably fuel more inflation .So the answer is they are not done yet my friend.oh yeah Greed has no Limit!
Bush was ridiculously rich before he got into power so doubt he is done, his legacy must go on.
What ever happened to price goulging ?oil companies just do what they want and the man in the big seat doesnt?
care cause hes getting richer,how far are they gonna pound us into the ground??What ever happened to price goulging ?oil companies just do what they want and the man in the big seat doesnt?
Good luck proving it. Almost every major company gets the same gasoline from the same local refiner. Then it is shipped to the terminal of the company owner and the additive (techron for Chevron) is added and then shipped to the individual gas station owner.
The problem is that there is not enough competition. ExxonMobil were allowed to join forces after complaining to the govt. that they could not be profitable separately. And we see where that went.
Break up the oil conglomerates and force more competition on the open market. Then watch prices drop.What ever happened to price goulging ?oil companies just do what they want and the man in the big seat doesnt?
Nancy Pelosi pledged in 2006 that she was going to take care of it. We're still waiting...
“Democrats have a plan to lower gas prices, taking America in a new direction that works for everyone, not just the few. Our plan would empower the Federal Trade Commission to crack down on price gouging to help bring down skyrocketing gas prices, increase production of alternative fuels, and rescind the billions of dollars in taxpayer subsidies, tax breaks, and royalty relief given to big oil and gas companies.”
Did you ever graduate from the 2nd grade?
Did you know that the largest portion of the price of a gallon of gas is the FEDERAL TAX!
Did you know that there is a problem with the oil companies being able to find, drill and refine the oil here in this country? And did you know that it is the liberal democrats who are the root causes of a majority of the problems with the price of oil?
And did you know that there are many other companies, say Oprah, Inc., or Martha Stewart, Inc. that have presidents/CEO's that earn more than any of the oil company presidents?
Did you know that the oil company execs get paid based upon a percentage of what the company has made in sales?
The bottom line here is that your question has demonstrated your ignorance of the economic system of this country and what supply and demand really is. And that ignorance I blame entirely on the liberal democrats who have taken the study of economics and civics out of the classroom and replaced them with multicultural ';stuff'; that is absolutely useless.
first of all, there's no man in the big seat getting richer.. it's the shareholders and investors makn the big bucks.. look, the bulk of the cost of gasoline at the pump is in taxes.. that is fact. the profit margin for oil companies is not that great. it's just that we ALL use gasoline.. you sell 20 items at .05 each, there's more money to be made than selling 1 item at .50. all i'm saying is, your hatred is misdirected.. it should be directed at Congress.. which passes the tax laws.. and at those who won't allow processes which would make us less dependant on foreign oil.. i.e. new drilling, new refineries, less govt subsidizing of commodities, etc etc..
Oil companies don't determine the price of oil. The market does. A free market at it's best. We Americans have been spoiled with low gasoline prices for too long. Our country is built on a path of unsustainability. We are just now beginning to feel the effects.
jasonsluck13 - the price of gas is NOT mostly taxes! Gasoline futures are at $3.288 a gallon today. Add in taxes and the production and distribution margin and you get what you pay at the pump. So, the tax is only about 10-15% of what you pay. That aint most.
See the 2nd to last paragraph in the link...
';while gasoline futures rose 5.2 cents to $3.2886 a gallon';
http://news.yahoo.com/s/ap/20080520/ap_o…
His big seat is getting larger by the day. Hell he can barely walk as it is.
Michael is wrong. Federal tax is about 18 cents per gallon. Gas co gets about 10% according to them, which is 40 cents today.
Yes, Microsoft is still price gouging. Oil companies make less per gallon than state and federal government does.
Inflation adjusted price per gallon is about where it was under Carter, who knows how much he made?
FYI there are countries out there that already made a successfull transition to ethanol fuels and retrofit vehicles and distribution.
Pay the deficit already yes that means taxes.
The dollar will increase in value imported oil will drop, eliminate the oil tax breaks and then we can make a case
';W'; ';W' 'W'; ';W'; ';W'; ';W'; ';W'; ';W'; AND WTH MCCAIN 8 MORE ';W's';
Oil companies do not determine the price of oil.
Anything else?
Going on every day
I dont know but they need to do something.
I'm going into the poor house. lol
Good luck proving it. Almost every major company gets the same gasoline from the same local refiner. Then it is shipped to the terminal of the company owner and the additive (techron for Chevron) is added and then shipped to the individual gas station owner.
The problem is that there is not enough competition. ExxonMobil were allowed to join forces after complaining to the govt. that they could not be profitable separately. And we see where that went.
Break up the oil conglomerates and force more competition on the open market. Then watch prices drop.What ever happened to price goulging ?oil companies just do what they want and the man in the big seat doesnt?
Nancy Pelosi pledged in 2006 that she was going to take care of it. We're still waiting...
“Democrats have a plan to lower gas prices, taking America in a new direction that works for everyone, not just the few. Our plan would empower the Federal Trade Commission to crack down on price gouging to help bring down skyrocketing gas prices, increase production of alternative fuels, and rescind the billions of dollars in taxpayer subsidies, tax breaks, and royalty relief given to big oil and gas companies.”
Did you ever graduate from the 2nd grade?
Did you know that the largest portion of the price of a gallon of gas is the FEDERAL TAX!
Did you know that there is a problem with the oil companies being able to find, drill and refine the oil here in this country? And did you know that it is the liberal democrats who are the root causes of a majority of the problems with the price of oil?
And did you know that there are many other companies, say Oprah, Inc., or Martha Stewart, Inc. that have presidents/CEO's that earn more than any of the oil company presidents?
Did you know that the oil company execs get paid based upon a percentage of what the company has made in sales?
The bottom line here is that your question has demonstrated your ignorance of the economic system of this country and what supply and demand really is. And that ignorance I blame entirely on the liberal democrats who have taken the study of economics and civics out of the classroom and replaced them with multicultural ';stuff'; that is absolutely useless.
first of all, there's no man in the big seat getting richer.. it's the shareholders and investors makn the big bucks.. look, the bulk of the cost of gasoline at the pump is in taxes.. that is fact. the profit margin for oil companies is not that great. it's just that we ALL use gasoline.. you sell 20 items at .05 each, there's more money to be made than selling 1 item at .50. all i'm saying is, your hatred is misdirected.. it should be directed at Congress.. which passes the tax laws.. and at those who won't allow processes which would make us less dependant on foreign oil.. i.e. new drilling, new refineries, less govt subsidizing of commodities, etc etc..
Oil companies don't determine the price of oil. The market does. A free market at it's best. We Americans have been spoiled with low gasoline prices for too long. Our country is built on a path of unsustainability. We are just now beginning to feel the effects.
jasonsluck13 - the price of gas is NOT mostly taxes! Gasoline futures are at $3.288 a gallon today. Add in taxes and the production and distribution margin and you get what you pay at the pump. So, the tax is only about 10-15% of what you pay. That aint most.
See the 2nd to last paragraph in the link...
';while gasoline futures rose 5.2 cents to $3.2886 a gallon';
http://news.yahoo.com/s/ap/20080520/ap_o…
His big seat is getting larger by the day. Hell he can barely walk as it is.
Michael is wrong. Federal tax is about 18 cents per gallon. Gas co gets about 10% according to them, which is 40 cents today.
Yes, Microsoft is still price gouging. Oil companies make less per gallon than state and federal government does.
Inflation adjusted price per gallon is about where it was under Carter, who knows how much he made?
FYI there are countries out there that already made a successfull transition to ethanol fuels and retrofit vehicles and distribution.
Pay the deficit already yes that means taxes.
The dollar will increase in value imported oil will drop, eliminate the oil tax breaks and then we can make a case
';W'; ';W' 'W'; ';W'; ';W'; ';W'; ';W'; ';W'; AND WTH MCCAIN 8 MORE ';W's';
Oil companies do not determine the price of oil.
Anything else?
Going on every day
I dont know but they need to do something.
I'm going into the poor house. lol
How would a Government run Oil Company work?
Liberal Democrat Maxine Waters said she wants to socialize oil companies and it sounds like Liberals love the idea. How do you think it will work out?How would a Government run Oil Company work?
I think neither oil nor food nor health care should be a commodity.How would a Government run Oil Company work?
As long as liberals are in charge, I think it would work very well, thank you very much. It's the conservatives who privatize everything from prisons to schools to disaster relief that I most worry about. Can you imagine for-profit prisons, where the prison gets paid more if they decide you have misbehaved?
Governments do a good job of running utilities for lower costs. I have no doubt that when the profits are removed, the cost of fuel will be lower. I'm not going to cry for oil company stock holders. They certainly haven't cared about poor folks who cannot afford to pay their heating bills.
Did she not say nationalize or am I getting her confused with another liberal? If we did that we would no longer be a democratic/capitalist government. I remind everybody of what Putin did to the Russian oil company Yukos oil co in 2004. The takeover if that is what you want to call it was disgraceful on a Nato level. Mikhail Khodorkovsky built the company from the ground up to international standards only to be taken over on chumped up charges of tax evasion. The worst part is that for the rest of his life he will sit in jail watching his company be socialized. If that is what you mean I would say no it wouldn't work at all. Not to mention, where would it stop. How many rights are you willing to give up.
Government attempts to control business have never worked, the Soviets learned that the hard way, and the Chinese took the hint. While retaining Totalitarian government they have ceded control of the businesses to the businessmen. True National success in the 21st century looks to be about finding a balance between maintaining the framework for social structure, such a roads, rail, law enforcement, and health care, the concerns of Government, and allowing economic competition within that structure to provide economic growth, technological innovation, and a stable present in which to plan for the future, the concerns of the private sector. Placing either one too far above the other has, Historically, never worked in the long term.
Not that its even an option because other countries own the oil but I would say that they would run it about as well as they run the current healthcare system, our SSN money, and paying down their debts (the deficit).
Why would they run this better than what they have demonstrated in the past.
If government wanted to help us, the American citizen why don't they take their .50 cent tax off it?
How about this. All cars made by GM since the 90s can run on ethanol. Why not deregulate the production of ethanol so that individuals can start mass producing it. Once started larger companies buy them out and make it even cheaper.
An individual can make it in their backyard for as little as .40cents a gallon. It is also cleaner and makes more horsepower. once deregulated you will see this at every gas station within 30 days.
ianb - You realize Venezuela is an oil producing country and part of the problem?
It would be full of abuse with no oversight, at least with private companies in charge the Government can make sure there is no abuse, Like Saddam Hussien didn't pocket most of the money or Hugo Chavez, You think the Saudis distribute the Oil wealth fairly
edit you guys are pretty vicious in Politics today, did your dog get run over
Well, if we used Petroleos de Venezuela as an example, run by the lefts newest darling, the simian dictator known as Hugo Chavez, I can truthfully answer, not very well.
Look at other countries with socialized oil -- Mexico, etc. We currently have some of the cheapest gas and oil prices in the world, even with the price increases.
If it works for Venezuela, it should work here. Did you know that the price Venezuelans pay for a gallon of gas is roughly the price of a Big Mac (not the package meal)? Under $2?
Same way it does everywhere else. The government, and thus the people reap all the profits, and all the oil drilled here can be sold here reducing the price.
Interesting question, since we already know how an oil-company run government works: Bush.
Very well for Norway, Iceland, Finland, Mexico, etc.
Ask the constituents of Chavez they are losing money.
Ask the Venezulans how that is working for them.
Hugo Chavez imposed such a regime in Venezuala, to disasterous results
Not very well if it's a woman's idea. Now if she'd suggested she get cooking and cleaning, THAT would have worked :)
Its Going To Be Different For Sure.
when the gate sweeks they would oil it
Ask Haliburton, they seem to be doing it well enough
Just like Russia
I don't know
well, 30% more of my money would go toward taxes on gas!!!
I think neither oil nor food nor health care should be a commodity.How would a Government run Oil Company work?
As long as liberals are in charge, I think it would work very well, thank you very much. It's the conservatives who privatize everything from prisons to schools to disaster relief that I most worry about. Can you imagine for-profit prisons, where the prison gets paid more if they decide you have misbehaved?
Governments do a good job of running utilities for lower costs. I have no doubt that when the profits are removed, the cost of fuel will be lower. I'm not going to cry for oil company stock holders. They certainly haven't cared about poor folks who cannot afford to pay their heating bills.
Did she not say nationalize or am I getting her confused with another liberal? If we did that we would no longer be a democratic/capitalist government. I remind everybody of what Putin did to the Russian oil company Yukos oil co in 2004. The takeover if that is what you want to call it was disgraceful on a Nato level. Mikhail Khodorkovsky built the company from the ground up to international standards only to be taken over on chumped up charges of tax evasion. The worst part is that for the rest of his life he will sit in jail watching his company be socialized. If that is what you mean I would say no it wouldn't work at all. Not to mention, where would it stop. How many rights are you willing to give up.
Government attempts to control business have never worked, the Soviets learned that the hard way, and the Chinese took the hint. While retaining Totalitarian government they have ceded control of the businesses to the businessmen. True National success in the 21st century looks to be about finding a balance between maintaining the framework for social structure, such a roads, rail, law enforcement, and health care, the concerns of Government, and allowing economic competition within that structure to provide economic growth, technological innovation, and a stable present in which to plan for the future, the concerns of the private sector. Placing either one too far above the other has, Historically, never worked in the long term.
Not that its even an option because other countries own the oil but I would say that they would run it about as well as they run the current healthcare system, our SSN money, and paying down their debts (the deficit).
Why would they run this better than what they have demonstrated in the past.
If government wanted to help us, the American citizen why don't they take their .50 cent tax off it?
How about this. All cars made by GM since the 90s can run on ethanol. Why not deregulate the production of ethanol so that individuals can start mass producing it. Once started larger companies buy them out and make it even cheaper.
An individual can make it in their backyard for as little as .40cents a gallon. It is also cleaner and makes more horsepower. once deregulated you will see this at every gas station within 30 days.
ianb - You realize Venezuela is an oil producing country and part of the problem?
It would be full of abuse with no oversight, at least with private companies in charge the Government can make sure there is no abuse, Like Saddam Hussien didn't pocket most of the money or Hugo Chavez, You think the Saudis distribute the Oil wealth fairly
edit you guys are pretty vicious in Politics today, did your dog get run over
Well, if we used Petroleos de Venezuela as an example, run by the lefts newest darling, the simian dictator known as Hugo Chavez, I can truthfully answer, not very well.
Look at other countries with socialized oil -- Mexico, etc. We currently have some of the cheapest gas and oil prices in the world, even with the price increases.
If it works for Venezuela, it should work here. Did you know that the price Venezuelans pay for a gallon of gas is roughly the price of a Big Mac (not the package meal)? Under $2?
Same way it does everywhere else. The government, and thus the people reap all the profits, and all the oil drilled here can be sold here reducing the price.
Interesting question, since we already know how an oil-company run government works: Bush.
Very well for Norway, Iceland, Finland, Mexico, etc.
Ask the constituents of Chavez they are losing money.
Ask the Venezulans how that is working for them.
Hugo Chavez imposed such a regime in Venezuala, to disasterous results
Not very well if it's a woman's idea. Now if she'd suggested she get cooking and cleaning, THAT would have worked :)
Its Going To Be Different For Sure.
when the gate sweeks they would oil it
Ask Haliburton, they seem to be doing it well enough
Just like Russia
I don't know
well, 30% more of my money would go toward taxes on gas!!!
Why don't we let the oil companies to drill offshore?
can you knowlegable people help me, i am just curious. I mean i believe the reason is so we use everyones oil so when the whole world is out we r the only country with oil left, as a reserve, u know in case of a mayor war or mayor oil crisis, we are the only country with remaining oil, anyone thinks different? serious answers only please, thank you.Why don't we let the oil companies to drill offshore?
Firstly, we are not the ony remaining country with oil reserves. I think the reason we don't drill here is because its an ugly process that no one wants in their back yard, they'd rather have it in someone elses.Why don't we let the oil companies to drill offshore?
Mostly it's Environmentalists and even some of the gulf States themselves that are opposed. I can understand the worry about oil spills but if Standards are raised %26amp; if we can control such horrible goofs as that AND if we drill only in the places far, far offshore (away from beaches / tourism), I don't see a problem. And as far one of the earlier responses (MO talking about the refineries)... that was misinformation! Here's some information from a geologist in response to 'building more refineries' -you can look this up for accuracy:
';It won't do a thing,'; says geologist Ken Deffeyes, author of Beyond Oil: The View from Hubbert's Peak. The problem, he says, is not a lack of refining capabilities but a shortage of crude oil to be refined.
';Building more refineries won't make crude oil appear at the entry side of the refinery,'; says Deffeyes.
Additionally, he notes that while the U.S. has not built a new refinery in decades, oil companies have added increased capabilities to existing refineries. ';We haven't seen oil piling up on the dock waiting to go to the refineries,'; he notes.
The focus, he says, should be on the lack of crude oil, and he says that problem won't go away. ';If world oil production is not increasing 鈥?and in fact seems to be in the process of decreasing 鈥?you need fewer refineries, not more refineries,'; he says.
It ruins beaches and natural habitat.
it's a band-aid. A quick fix to a long term problem.. just so we can come full circle to this exact same problem in a few years. Now, I have no problem using this quick fix, just as soon as you show me the long term planning on how to get us off of oil. Till then, I'm going to keep pushing for alternatives to make sure the government realizes just how important I believe it to be.
They already have been given 89 million acres of offshore area to drill on and 10 thousand permits to drill and yet the oil companies have refused to use more than 2.5% of the permits issued.
Since they have the land and the drilling permits, shouldn't your question be, why are the oil companies refusing to use what has already been granted to them.
The only logical answer is that the oil companies want supply to be short so they can proffit more.
The first President Bush was the one who set the moratorium on off shore drilling in the first place, so I don't see how that was the Dems fault.
It's all politics really, people are sick of the high prices so both parties are trying to position themselves on this issue.
The oil companies could drill in a lot of places that they are not drilling in right now, it's not having more oil that is the problem. If there are not enough refineries to handle the oil, the same amount of gas is going to be made. Exxon has actually purchased refineries in order to shut them down. Exxon wants to make money, pure and simple. If they do drill for this specific oil, something else will just be the problem as to why gas is still high, war, refineries, they will come up with some excuse.
Quick fix or not, doesn't matter. The simple fact is that if the rest of the world knew we weren't going to sit here and do nothing like we have the last 30 years, the markets would change. Speculators are invested that we won't lift a finger. They've been right so far.
They are already doing it where ever it is possible.
No one is stopping the oil companies from drilling on what they leased to drill on,except oil companies. They drill on way less than half( i think it is more like a qaurter) of what they have leased so why would they need more leases? This is just being used as a wedge issue.
Why use our own OIL when we can start an unconstitutional, illegal, immoral 'war' against another sovereign nation that never threatened, provoked or attacked the United States? After all, what's all of OUR oil doing underneath THEIR sands?? Bush's #1 non-military 'benchmark' insists that the Iraqi Parliament surrender two thirds of its OIL fields to foreign OIL companies, which - in effect - allows corporations like Exxon-Mobil to virtually STEAL Iraq's most valuable economic resouce.
The White House is occupied by two former OILmen who have allowed American OIL companies to fix its prices, gouge its customers and manipulate the OIL market, all for maximum profits without intervention or complaint from a compliant Oval Office.
Domestic OIL exploration and drilling would only be a bandage, or a temporary solution, and would only serve to continue to enhance OIL company profits for the short term.
What we need is an administration that promotes alternative energy solutions, demands that manufacturers build more fuel-efficient cars, and caps OIL company profits so that they can't pay their CEOs and sharehodlers such handsome dividends.
What we DON'T NEED is oil drilling in the few remaining pristine regions of the planet. Drilling in the ANWR region would disrupt the migration patterns of caribou, on whom remote Eskimo tribes depend for food, clothing and shelter. What we DON'T NEED is oil drilling in gulfs and oceans which decimates lives of everything from whales to sea lions to krill. What we DON'T NEED is more arrogant, ignorant, greedy OIL barons plundering our lands and waterways so they can continue to line their pockets.
Whether you're a Christian, Jew, Muslim, Hindu, Buddhist, agnostic or atheist, you must have enough intelligence to recognize that EVERY species of plant and animal on this Earth is here for a purpose. We 'superior beings' can't just rape the land, pillage through the waterways, and destroy everything in our path just for our own profit, comfort and convenience. Elephants, whales, rain forests, tsetse flies, mountains, meadows, horse shoe crabs*, wetlands, rare poisonous Amazonian frogs, mangrove forests, beaches, trees, Venus fly traps, spiders, kittens, wheat fields and all other plants and animals on the planet have just as much right to be here as do we. We have been poor stewards of the planet, never recognizing (as did the native American Indians and other tribal units) that every creature, beast, plant, seed, and species on this planet serves a purpose.
OIL is not the long-term solution to our energy crisis. We must begin to make sacrifices such as giving up our gas-guzzling SUVs and Hummers; driving more fuel-efficient cars; driving less; learning to REuse, REduce and REcycle; bicycling; using more mass transit and actually WALKING to work or school. Until we realize that we're the 'problem', all the OIL drilling in the world won't keep us from being addicted to [petroluem-based] plastic junk we buy at WalMart every day. We have squandered Earth's resources and now - sooner, rather than later - we will pay dearly for such gluttony. I pity our grandchildren and great-grandchildren. -RKO- 06/18/08
First, drive along the Texas coast and look at all the oil wells. We do drill offshore. However, I understand what you are saying. My husband used to work in the oil fields. He said that many, many times when drilling, wells were capped and left alone. You may be correct, that US is saving our own oil for future generations.
In the midst of worldwide high gas prices, with the upcoming election, we will definitely address this in the very near future.
germany has oil reserves too
other countries too i guess
It takes years to start production on oil so if they start drilling today, it will be 2012 before we see any changes in gas prices. By 2020, we would be right back in the same boat again. The only solution to the oil problem is to stop using it altogether.
Read official reports, look into the connection between 'lobbies, Bush %26amp; ANWR', understand why prices are increasing in the first place (supply %26amp; demand) ----- Problem is reliance on the OIL %26amp; Middle East in the first place, how long do you think this fantasy is going to last.
The resources we have we can have a viable alternative source within 10 years, so question is WHY NOT %26amp; why is McCain refusing point blank to invest in research for alternative fuels.
http://www.youtube.com/watch?v=pOZRrbE8Q鈥?/a>
Why hasn't the oil companies drilled on the 68 million acres of off shore drilling sites they already currently have access to? We're being conned and lied to once again. The oil companies are hording oil and hording drilling sites. The speculators (look up ICE) are buying up oil futures and artificially controlling the price by creating the appearance of a supply shortage. Why would they do this? It seems obvious. To drive up prices, increase their profits, and lie their way into the previously protected drilling sites off shore and in ANWR. Total US gas consumption is down 3% in the past year (that means less use, more supply available) and yet in that same time frame gas prices have increased 35%.
Because liberals are speculating in the oil commodities market and they would take a financial hit if we came up with new sources for oil.
the Democrats owe all to the radical tree huggers...they CANT allow it...plus they just su*k pretty much all around..I spent 12 years in the offshore oilfields of La and Tex...it takes more money to drill in some leases than in others..the deep expensive leases are open.the cheaper shallow leases are closed...we need to open the shallow ones and thats the ones ';congress'; wont let be drilled
3 words
Environmental Protection Agency.
Environmental Lobbyists.
Firstly, we are not the ony remaining country with oil reserves. I think the reason we don't drill here is because its an ugly process that no one wants in their back yard, they'd rather have it in someone elses.Why don't we let the oil companies to drill offshore?
Mostly it's Environmentalists and even some of the gulf States themselves that are opposed. I can understand the worry about oil spills but if Standards are raised %26amp; if we can control such horrible goofs as that AND if we drill only in the places far, far offshore (away from beaches / tourism), I don't see a problem. And as far one of the earlier responses (MO talking about the refineries)... that was misinformation! Here's some information from a geologist in response to 'building more refineries' -you can look this up for accuracy:
';It won't do a thing,'; says geologist Ken Deffeyes, author of Beyond Oil: The View from Hubbert's Peak. The problem, he says, is not a lack of refining capabilities but a shortage of crude oil to be refined.
';Building more refineries won't make crude oil appear at the entry side of the refinery,'; says Deffeyes.
Additionally, he notes that while the U.S. has not built a new refinery in decades, oil companies have added increased capabilities to existing refineries. ';We haven't seen oil piling up on the dock waiting to go to the refineries,'; he notes.
The focus, he says, should be on the lack of crude oil, and he says that problem won't go away. ';If world oil production is not increasing 鈥?and in fact seems to be in the process of decreasing 鈥?you need fewer refineries, not more refineries,'; he says.
It ruins beaches and natural habitat.
it's a band-aid. A quick fix to a long term problem.. just so we can come full circle to this exact same problem in a few years. Now, I have no problem using this quick fix, just as soon as you show me the long term planning on how to get us off of oil. Till then, I'm going to keep pushing for alternatives to make sure the government realizes just how important I believe it to be.
They already have been given 89 million acres of offshore area to drill on and 10 thousand permits to drill and yet the oil companies have refused to use more than 2.5% of the permits issued.
Since they have the land and the drilling permits, shouldn't your question be, why are the oil companies refusing to use what has already been granted to them.
The only logical answer is that the oil companies want supply to be short so they can proffit more.
The first President Bush was the one who set the moratorium on off shore drilling in the first place, so I don't see how that was the Dems fault.
It's all politics really, people are sick of the high prices so both parties are trying to position themselves on this issue.
The oil companies could drill in a lot of places that they are not drilling in right now, it's not having more oil that is the problem. If there are not enough refineries to handle the oil, the same amount of gas is going to be made. Exxon has actually purchased refineries in order to shut them down. Exxon wants to make money, pure and simple. If they do drill for this specific oil, something else will just be the problem as to why gas is still high, war, refineries, they will come up with some excuse.
Quick fix or not, doesn't matter. The simple fact is that if the rest of the world knew we weren't going to sit here and do nothing like we have the last 30 years, the markets would change. Speculators are invested that we won't lift a finger. They've been right so far.
They are already doing it where ever it is possible.
No one is stopping the oil companies from drilling on what they leased to drill on,except oil companies. They drill on way less than half( i think it is more like a qaurter) of what they have leased so why would they need more leases? This is just being used as a wedge issue.
Why use our own OIL when we can start an unconstitutional, illegal, immoral 'war' against another sovereign nation that never threatened, provoked or attacked the United States? After all, what's all of OUR oil doing underneath THEIR sands?? Bush's #1 non-military 'benchmark' insists that the Iraqi Parliament surrender two thirds of its OIL fields to foreign OIL companies, which - in effect - allows corporations like Exxon-Mobil to virtually STEAL Iraq's most valuable economic resouce.
The White House is occupied by two former OILmen who have allowed American OIL companies to fix its prices, gouge its customers and manipulate the OIL market, all for maximum profits without intervention or complaint from a compliant Oval Office.
Domestic OIL exploration and drilling would only be a bandage, or a temporary solution, and would only serve to continue to enhance OIL company profits for the short term.
What we need is an administration that promotes alternative energy solutions, demands that manufacturers build more fuel-efficient cars, and caps OIL company profits so that they can't pay their CEOs and sharehodlers such handsome dividends.
What we DON'T NEED is oil drilling in the few remaining pristine regions of the planet. Drilling in the ANWR region would disrupt the migration patterns of caribou, on whom remote Eskimo tribes depend for food, clothing and shelter. What we DON'T NEED is oil drilling in gulfs and oceans which decimates lives of everything from whales to sea lions to krill. What we DON'T NEED is more arrogant, ignorant, greedy OIL barons plundering our lands and waterways so they can continue to line their pockets.
Whether you're a Christian, Jew, Muslim, Hindu, Buddhist, agnostic or atheist, you must have enough intelligence to recognize that EVERY species of plant and animal on this Earth is here for a purpose. We 'superior beings' can't just rape the land, pillage through the waterways, and destroy everything in our path just for our own profit, comfort and convenience. Elephants, whales, rain forests, tsetse flies, mountains, meadows, horse shoe crabs*, wetlands, rare poisonous Amazonian frogs, mangrove forests, beaches, trees, Venus fly traps, spiders, kittens, wheat fields and all other plants and animals on the planet have just as much right to be here as do we. We have been poor stewards of the planet, never recognizing (as did the native American Indians and other tribal units) that every creature, beast, plant, seed, and species on this planet serves a purpose.
OIL is not the long-term solution to our energy crisis. We must begin to make sacrifices such as giving up our gas-guzzling SUVs and Hummers; driving more fuel-efficient cars; driving less; learning to REuse, REduce and REcycle; bicycling; using more mass transit and actually WALKING to work or school. Until we realize that we're the 'problem', all the OIL drilling in the world won't keep us from being addicted to [petroluem-based] plastic junk we buy at WalMart every day. We have squandered Earth's resources and now - sooner, rather than later - we will pay dearly for such gluttony. I pity our grandchildren and great-grandchildren. -RKO- 06/18/08
First, drive along the Texas coast and look at all the oil wells. We do drill offshore. However, I understand what you are saying. My husband used to work in the oil fields. He said that many, many times when drilling, wells were capped and left alone. You may be correct, that US is saving our own oil for future generations.
In the midst of worldwide high gas prices, with the upcoming election, we will definitely address this in the very near future.
germany has oil reserves too
other countries too i guess
It takes years to start production on oil so if they start drilling today, it will be 2012 before we see any changes in gas prices. By 2020, we would be right back in the same boat again. The only solution to the oil problem is to stop using it altogether.
Read official reports, look into the connection between 'lobbies, Bush %26amp; ANWR', understand why prices are increasing in the first place (supply %26amp; demand) ----- Problem is reliance on the OIL %26amp; Middle East in the first place, how long do you think this fantasy is going to last.
The resources we have we can have a viable alternative source within 10 years, so question is WHY NOT %26amp; why is McCain refusing point blank to invest in research for alternative fuels.
http://www.youtube.com/watch?v=pOZRrbE8Q鈥?/a>
Why hasn't the oil companies drilled on the 68 million acres of off shore drilling sites they already currently have access to? We're being conned and lied to once again. The oil companies are hording oil and hording drilling sites. The speculators (look up ICE) are buying up oil futures and artificially controlling the price by creating the appearance of a supply shortage. Why would they do this? It seems obvious. To drive up prices, increase their profits, and lie their way into the previously protected drilling sites off shore and in ANWR. Total US gas consumption is down 3% in the past year (that means less use, more supply available) and yet in that same time frame gas prices have increased 35%.
Because liberals are speculating in the oil commodities market and they would take a financial hit if we came up with new sources for oil.
the Democrats owe all to the radical tree huggers...they CANT allow it...plus they just su*k pretty much all around..I spent 12 years in the offshore oilfields of La and Tex...it takes more money to drill in some leases than in others..the deep expensive leases are open.the cheaper shallow leases are closed...we need to open the shallow ones and thats the ones ';congress'; wont let be drilled
3 words
Environmental Protection Agency.
Environmental Lobbyists.
Do these oil companies have no shame at all?
Oil giant BP has announced mammoth half-year profits of £6.75bn, boosted by soaring crude prices
http://news.sky.com/skynews/Home/Busines…Do these oil companies have no shame at all?
nope, the same for our sweetheart Vladimir Putin and his Swiss friends.
its better not to think about it tomuch
Lets just watch the games and eat the free bread provided by our Ceasars.
Hail CeasarDo these oil companies have no shame at all?
Making profits is not shameful my dear. Oil is subsidised by government %26amp; the subsidy is hitting the deficit in a very big way. If the prices are not increased inspite of oil being imported for more than 140$ per barrel, this Country will go to dogs.
The prices may not have been required to be increased had our Learned politicians not waived off more than 10000 Crs. of loans without thinking of common man but kept the vote bank in their minds. Mind you this is around 30% of our budget deficit.
These are my personal thoughts.
Isn't it great? Captalism at its finest! Good for them! Oil companies are not the problem. Why don't we take away profits from the mom and pop business down the street whose business is booming so much they are opening a bigger store? Or how about all them darned Walmart stores? It's business. Businesses should thrive. Thats freedom.
You mean a business? trying to make money? Holy cow. I say we let the government jump in and take profits away from the company you work for because everyone thinks you make too much money. They do the work, drill the oil, give everyone the product they desperately need. They should reap the benefits. You don't like the cost, drill your own.
Oil is getting harder to obtain, as the easy sources dry up. They have to make these huge profits, to fund the huge investment needed to extract oil in the future.
tell that to Gordon Brown, he has the ear of the Chancellor, and they could cut the massive tax on fuel if they wanted to. Don't blame it entirely on the oil companies.
You have NO idea... try the politicians:
http://youtube.com/watch?v=J_1vme-0KmU%26amp;f…
Oil company's are really greedy, they know they will get away with ripping us of because we just let them hold us to randsome.
Just think of all the tax that they are paying into the UK Governments pockets.
How about the amount of money that this Government makes from fuel duty! Now that is sickening.
well they do have a war machine to finance aswell,its disgracefull,fat cats,and all that.thats all they think about profit.
None whatsoever.
Nice find Violator.
hell no!!! they want more money they want more power and a new ipod ...let it be maybe there is a reason for this
Apparently not. £35 million a day? That's obscene.
At least they have to pay income tax.Still an obscene amount though.
More? It's not gonna help the credit crunch
money money money.
NO!
Nope, no shame at all. they have us by the short and curley's and they know it.
nope
they are bestial
http://news.sky.com/skynews/Home/Busines…Do these oil companies have no shame at all?
nope, the same for our sweetheart Vladimir Putin and his Swiss friends.
its better not to think about it tomuch
Lets just watch the games and eat the free bread provided by our Ceasars.
Hail CeasarDo these oil companies have no shame at all?
Making profits is not shameful my dear. Oil is subsidised by government %26amp; the subsidy is hitting the deficit in a very big way. If the prices are not increased inspite of oil being imported for more than 140$ per barrel, this Country will go to dogs.
The prices may not have been required to be increased had our Learned politicians not waived off more than 10000 Crs. of loans without thinking of common man but kept the vote bank in their minds. Mind you this is around 30% of our budget deficit.
These are my personal thoughts.
Isn't it great? Captalism at its finest! Good for them! Oil companies are not the problem. Why don't we take away profits from the mom and pop business down the street whose business is booming so much they are opening a bigger store? Or how about all them darned Walmart stores? It's business. Businesses should thrive. Thats freedom.
You mean a business? trying to make money? Holy cow. I say we let the government jump in and take profits away from the company you work for because everyone thinks you make too much money. They do the work, drill the oil, give everyone the product they desperately need. They should reap the benefits. You don't like the cost, drill your own.
Oil is getting harder to obtain, as the easy sources dry up. They have to make these huge profits, to fund the huge investment needed to extract oil in the future.
tell that to Gordon Brown, he has the ear of the Chancellor, and they could cut the massive tax on fuel if they wanted to. Don't blame it entirely on the oil companies.
You have NO idea... try the politicians:
http://youtube.com/watch?v=J_1vme-0KmU%26amp;f…
Oil company's are really greedy, they know they will get away with ripping us of because we just let them hold us to randsome.
Just think of all the tax that they are paying into the UK Governments pockets.
How about the amount of money that this Government makes from fuel duty! Now that is sickening.
well they do have a war machine to finance aswell,its disgracefull,fat cats,and all that.thats all they think about profit.
None whatsoever.
Nice find Violator.
hell no!!! they want more money they want more power and a new ipod ...let it be maybe there is a reason for this
Apparently not. £35 million a day? That's obscene.
At least they have to pay income tax.Still an obscene amount though.
More? It's not gonna help the credit crunch
money money money.
NO!
Nope, no shame at all. they have us by the short and curley's and they know it.
nope
they are bestial
Should I change my job from a big oil company to the treasury of a big bank?
I am a chemical engineer in a big oil company. I have been offered a dealers position at the treasury of big bank. I need proffesional and honest opinions to guide me to solve this dilemma of mine.Should I change my job from a big oil company to the treasury of a big bank?
Wow. That's a big change. You are one lucky person to be able to switch from being in one industry to another. Weigh your options and benefits. Write it down in a piece of paper. You will be amazed at yourself how you could answer and solve this dilemma. Good luck.greek theater oil gas
Wow. That's a big change. You are one lucky person to be able to switch from being in one industry to another. Weigh your options and benefits. Write it down in a piece of paper. You will be amazed at yourself how you could answer and solve this dilemma. Good luck.
Hillary says Oil Companies simply distribute an existing ancient product and should be heavily taxed;so...?
... should we also heavily tax steel mills(iron ore and recycaled steel exist already) farmers(grains have been around since mankind started roaming the earth)coal mines(coal is just sitting around waiting to be dug up) and pretty much every thing on the planet except things invented in the last 20 years or so?Hillary says Oil Companies simply distribute an existing ancient product and should be heavily taxed;so...?
Hillary should take her Fascist ideals and shove them up her butt.Hillary says Oil Companies simply distribute an existing ancient product and should be heavily taxed;so...?
';What Hillary needs to do is heavily tax those companies that are moving to India and China and leaving our workers without jobs.';
Do you blame them? Why do you think they are outsourcing? It's not just about cheap labor. It's also, getting sued, over regulation in the U.S., and raw materials. And taxing them more is not going to create more jobs. That theory does not work, it will in fact create less.
As far as taxing the oil companies, sure. But it always ends up trickling down to the consumer in the end. So what progress does that make? Hillary doesn't ever make sense, nothing new.
When it comes to the big oil corps, Hillaty has just enough knowledge to be dangerous. What Hillary needs to do is heavily tax those companies that are moving to India and China and leaving our workers without jobs.
Apparently she doesn't realize the cost is in finding, extracting, refining this ancient product.
And while you're at at, put diamonds in there too. They're just rocks in the ground.
The Oil Companies do enjoy Corporate Personhood; but pay less than 1/2 the tax as a real person in America.
The real problem is the falling value of the dollar. Gas prices are somewhat flat in Norway.
She is a mindless liberal when it comes to taxes. If she had her way, the government would run everything and she would run the government.
Well all profits belong to the ';collective'; and are meant to be shared with the ';masses'; which benefits the ';elite cadre'; and keeps them in their lofty political offices at the Kremlin.
70% of oil company profits come from exploration and production....Hillary is ridiculous.
yes according to her logic
Hillary should take her Fascist ideals and shove them up her butt.Hillary says Oil Companies simply distribute an existing ancient product and should be heavily taxed;so...?
';What Hillary needs to do is heavily tax those companies that are moving to India and China and leaving our workers without jobs.';
Do you blame them? Why do you think they are outsourcing? It's not just about cheap labor. It's also, getting sued, over regulation in the U.S., and raw materials. And taxing them more is not going to create more jobs. That theory does not work, it will in fact create less.
As far as taxing the oil companies, sure. But it always ends up trickling down to the consumer in the end. So what progress does that make? Hillary doesn't ever make sense, nothing new.
When it comes to the big oil corps, Hillaty has just enough knowledge to be dangerous. What Hillary needs to do is heavily tax those companies that are moving to India and China and leaving our workers without jobs.
Apparently she doesn't realize the cost is in finding, extracting, refining this ancient product.
And while you're at at, put diamonds in there too. They're just rocks in the ground.
The Oil Companies do enjoy Corporate Personhood; but pay less than 1/2 the tax as a real person in America.
The real problem is the falling value of the dollar. Gas prices are somewhat flat in Norway.
She is a mindless liberal when it comes to taxes. If she had her way, the government would run everything and she would run the government.
Well all profits belong to the ';collective'; and are meant to be shared with the ';masses'; which benefits the ';elite cadre'; and keeps them in their lofty political offices at the Kremlin.
70% of oil company profits come from exploration and production....Hillary is ridiculous.
yes according to her logic
How much would a country manager of an oil company make?
my friend is going to be a country manager of an oil company in Africa. There is a lot of oil where they are (300-400 million barrels +). How much do they makeHow much would a country manager of an oil company make?
Better to look into solar panels these days...
Oil is too risky... Does your friend like doing business with terrorists?
Sorry, I have no idea how much they make, but I'm sure your friend will be wealthier than anyone I know.
Better to look into solar panels these days...
Oil is too risky... Does your friend like doing business with terrorists?
Sorry, I have no idea how much they make, but I'm sure your friend will be wealthier than anyone I know.
Should Bush/Cheney and the Oil companies bailout GM?
They made the most money on the high gas prices. So, they should be the ones who bailout GM.Should Bush/Cheney and the Oil companies bailout GM?
You know what....that's not a bad idea. Without cars, the oil companies would flounder. Why shouldn't they pitch in and help? It sure would be better that way than if our tax dollars has to pay for it. Should Bush/Cheney and the Oil companies bailout GM?
The American auto industry has been practicing self help on the way toward regaining long term sustainability. General Motors was in the midst of historic cost cutting when events of this year overwhelmed our entire economy. Since 2005, GM has reduced structural costs in North America by over $9 billion. The latest UAW contract, signed in the fall of 2007, should show savings of about $6 billion a year starting in 2010, by reducing legacy costs associated with pensions and retiree health care. Between 2000 and mid-2008 the salaried workforce was reduced from 44,000 to 32,000, and the hourly workforce from 132,000 to 64,000. Other savings methods were implemented including reducing salaried employment costs by 30%, eliminating raises and discretionary bonuses for executives and suspending 401k match for salaried employees. All of this was done while GM and Ford have virtually eliminated the perceived quality gap with Japanese carmakers.
Bush/Cheney are already pushing to give the big three the loans that were approved for developing fuel-efficient vehicles. That is merely stuffing our tax dollars down the auto industry rat hole to delay the inevitable.
I would certainly think OPEC would love to keep Hummers on the road.
Psssst..Oil companies net profit was 8%...Walmart's net profit 10%...why are you griping? Wanna do a windfall profit tax on Walmart. do you know how much Wite Out costs per gallon?
Lighten up and don't drink so much of the liberal Kool Aid
With the Big 3 U.S. Automakers circling the drain, here are 10 solutions to the current crisis and none of them involve sticking your head between your legs and kissing your rear goodbye.
http://fastandloud.com/how-to-save-the-u鈥?/a>
It's not like it'd be their money. It'd be the taxpayers's money. No.
No! The dumbing down of America has reached epic proportions!
You know what....that's not a bad idea. Without cars, the oil companies would flounder. Why shouldn't they pitch in and help? It sure would be better that way than if our tax dollars has to pay for it. Should Bush/Cheney and the Oil companies bailout GM?
The American auto industry has been practicing self help on the way toward regaining long term sustainability. General Motors was in the midst of historic cost cutting when events of this year overwhelmed our entire economy. Since 2005, GM has reduced structural costs in North America by over $9 billion. The latest UAW contract, signed in the fall of 2007, should show savings of about $6 billion a year starting in 2010, by reducing legacy costs associated with pensions and retiree health care. Between 2000 and mid-2008 the salaried workforce was reduced from 44,000 to 32,000, and the hourly workforce from 132,000 to 64,000. Other savings methods were implemented including reducing salaried employment costs by 30%, eliminating raises and discretionary bonuses for executives and suspending 401k match for salaried employees. All of this was done while GM and Ford have virtually eliminated the perceived quality gap with Japanese carmakers.
Bush/Cheney are already pushing to give the big three the loans that were approved for developing fuel-efficient vehicles. That is merely stuffing our tax dollars down the auto industry rat hole to delay the inevitable.
I would certainly think OPEC would love to keep Hummers on the road.
Psssst..Oil companies net profit was 8%...Walmart's net profit 10%...why are you griping? Wanna do a windfall profit tax on Walmart. do you know how much Wite Out costs per gallon?
Lighten up and don't drink so much of the liberal Kool Aid
With the Big 3 U.S. Automakers circling the drain, here are 10 solutions to the current crisis and none of them involve sticking your head between your legs and kissing your rear goodbye.
http://fastandloud.com/how-to-save-the-u鈥?/a>
It's not like it'd be their money. It'd be the taxpayers's money. No.
No! The dumbing down of America has reached epic proportions!
Whilst Sen. Ted Stevens was being bought by oil companies, did they install Internet Tubes for him?
http://www.youtube.com/watch?v=f99PcP0aF鈥?/a>Whilst Sen. Ted Stevens was being bought by oil companies, did they install Internet Tubes for him?
And people wonder why the republicans lost this election. Not only did they have a dinosaur running our twenty first century information center, he was a corrupt dinosaur.
I have to admit, I have never seen such an incompetent administration in all of my over fifty years on this planet.
Alberto Gonzales...I don't recall.
I wonder when this administration ends if those involved will live the rest of their lives saying...I don't recall?Whilst Sen. Ted Stevens was being bought by oil companies, did they install Internet Tubes for him?
Ted Stevens isn't some Senator that you just dump 7 felony counts on. He's a series of tubes!
Seriously, what were Alaskans thinking? First electing Palin (and making her the most popular Governor in America) and the re-electing a convicted felon who will be kicked out of the senate next year (assuming he does in fact win the election)? Has that state lost its mind?
And people wonder why the republicans lost this election. Not only did they have a dinosaur running our twenty first century information center, he was a corrupt dinosaur.
I have to admit, I have never seen such an incompetent administration in all of my over fifty years on this planet.
Alberto Gonzales...I don't recall.
I wonder when this administration ends if those involved will live the rest of their lives saying...I don't recall?Whilst Sen. Ted Stevens was being bought by oil companies, did they install Internet Tubes for him?
Ted Stevens isn't some Senator that you just dump 7 felony counts on. He's a series of tubes!
Seriously, what were Alaskans thinking? First electing Palin (and making her the most popular Governor in America) and the re-electing a convicted felon who will be kicked out of the senate next year (assuming he does in fact win the election)? Has that state lost its mind?
How much does it cost for an oil company to produce a gallon of gas?
I realize the different costs that must occur such as getting it, moving it and refining it but what does it cost to produce a gallon of gas and how many gallons do you get out of a barrel?How much does it cost for an oil company to produce a gallon of gas?
one barrel of crude becomes 50 US gallons of assorted products, everything from naphtha and Jet A down to asphalt used for paving parking lots.
obviously, the refining process has to be changed slightly depending on the relative prices of the various products.
Based on the financial statements of refining companies that do not own oil wells, the refining profit is about 3 US cents per gallon, or $1.50 per barrel of crude.
with crude running at $105 per barrel, that is about 1.43% total margin.
If you then check the financial statements of any large and still profitable grocery chain or discount store, you'll see that refining crude is LESS profitable than selling toothpaste, meat, or dry goods.
Exxon and the other huge oil companies make their ';large'; profits by operating at huge scale and owning [for which they paid already] some of the oil production they consume.
By comparison, Microsoft and Google regularly run at profit rates [percentage of costs to keep it comparable] ranging from 33% to 50%.How much does it cost for an oil company to produce a gallon of gas?
Very expensive and when you go to the tar sands in Alberta the refinery process gets worse.
one barrel of crude becomes 50 US gallons of assorted products, everything from naphtha and Jet A down to asphalt used for paving parking lots.
obviously, the refining process has to be changed slightly depending on the relative prices of the various products.
Based on the financial statements of refining companies that do not own oil wells, the refining profit is about 3 US cents per gallon, or $1.50 per barrel of crude.
with crude running at $105 per barrel, that is about 1.43% total margin.
If you then check the financial statements of any large and still profitable grocery chain or discount store, you'll see that refining crude is LESS profitable than selling toothpaste, meat, or dry goods.
Exxon and the other huge oil companies make their ';large'; profits by operating at huge scale and owning [for which they paid already] some of the oil production they consume.
By comparison, Microsoft and Google regularly run at profit rates [percentage of costs to keep it comparable] ranging from 33% to 50%.How much does it cost for an oil company to produce a gallon of gas?
Very expensive and when you go to the tar sands in Alberta the refinery process gets worse.
Do oil companies currently pay too little in taxes compared to profits? ?
no lookThe answer to the question is that over the past 25 years, oil companies directly paid or remitted more than $2.2 trillion in taxes, after adjusting for inflation, to federal and state governments鈥攊ncluding excise taxes, royalty payments and state and federal corporate income taxes. That amounts to more than three times what they earned in profits during the same period, according to the latest numbers from the Bureau of Economic Analysis and U.S. Department of Energy.
These figures do not include local property taxes, state sales and severance taxes and on-shore royalty payments. at the facts.
Do oil companies currently pay too little in taxes compared to profits? ?
Oil company profit margins are 7%. That's pretty low. If the price of oil goes up, the 7% is obviously worth more.
But...
Oil companies are about 99% publicly owned. Which means they are owned by everyone with a 401K or retirement account.
So when the Democrats say they are going after the oil companies profits, what are they really going after in the name of looking out for you?
That's right, your retirement account.
So since it's my retirement account we are actually talking about here, I think that's a stock I would like to see continue to do well.Do oil companies currently pay too little in taxes compared to profits? ?
Gosh No. For every one dollar, say for instance, that exxon makes in profit they spend ten. Now imagine they make 11 billion in profits in one quarter. Well, that means they spent 110 billion to make that 11 billion. WOW. That's an incredible amount of money put into our economy. It pays a lot of salaries. It buys a lot of equipment. And pays a lot of taxes. In fact, if Congress keeps insisting that these companies that really do us a favor pay windfall profits taxes, they will up and relocate to a country that treats them more favorable. And only the American consumer will be the loser.
All corporations pay too little. Congress is bought and paid for by the campaign contribution they can give. One ';vote'; by a corporation equals hundreds of thousands in contributions. One vote by you means nothing to those who have no greater purpose in holding office but to be reelected and continue to pull down all the perks and pay for making pay-backs for those contributions.
Pharmaceudicals and Computers make a higher profit than oil companies do. I once saw a list and Oil companies were like 4th or 5th on it.
If they take a ';Windfall Profits Tax'; on corporations, then they will have to include ALL corporations, not just oil. And let's use our noodles real quick... if Exxons costs go up because they are paying their profits to the Government and their shareholders are not making any money so they stop investing in oil ... then they will have to either lay off workers or raise prices to make up the difference. Duh. Do you want higher prices or more unemployed people? Think America, PLEASE!!! Our economy is already in the crapper due to corrupt government (i.e. Fannie Mae and Freddie Mac). Let's not make it worse!
You have to look at % profit not just revenue. People like to throw around big revenue numbers but it costs a lot to drill, refine and transport petroleum products. They spend billions to look for new reserves, in many cases they do not find them but still have to spend money looking. So what if revenue was $10B, it cost them $9B to run the company so they only really made $1B.
My understanding is their profit margins are about 10% which is reasonable, definitely no where near as high as Apple. Why not hammer Apple?
YES they do and it hurts the average every day working person -not that Republican'ts care. Do you see them passing any thing down to the consumer ? NO It is ALL about profit and screw America.
All corporate taxes ultimately get passed on to consumers.
What is wrong with profits? If we target oil company profits who will be next and where does it stop?greek theater oil gas
These figures do not include local property taxes, state sales and severance taxes and on-shore royalty payments. at the facts.
Do oil companies currently pay too little in taxes compared to profits? ?
Oil company profit margins are 7%. That's pretty low. If the price of oil goes up, the 7% is obviously worth more.
But...
Oil companies are about 99% publicly owned. Which means they are owned by everyone with a 401K or retirement account.
So when the Democrats say they are going after the oil companies profits, what are they really going after in the name of looking out for you?
That's right, your retirement account.
So since it's my retirement account we are actually talking about here, I think that's a stock I would like to see continue to do well.Do oil companies currently pay too little in taxes compared to profits? ?
Gosh No. For every one dollar, say for instance, that exxon makes in profit they spend ten. Now imagine they make 11 billion in profits in one quarter. Well, that means they spent 110 billion to make that 11 billion. WOW. That's an incredible amount of money put into our economy. It pays a lot of salaries. It buys a lot of equipment. And pays a lot of taxes. In fact, if Congress keeps insisting that these companies that really do us a favor pay windfall profits taxes, they will up and relocate to a country that treats them more favorable. And only the American consumer will be the loser.
All corporations pay too little. Congress is bought and paid for by the campaign contribution they can give. One ';vote'; by a corporation equals hundreds of thousands in contributions. One vote by you means nothing to those who have no greater purpose in holding office but to be reelected and continue to pull down all the perks and pay for making pay-backs for those contributions.
Pharmaceudicals and Computers make a higher profit than oil companies do. I once saw a list and Oil companies were like 4th or 5th on it.
If they take a ';Windfall Profits Tax'; on corporations, then they will have to include ALL corporations, not just oil. And let's use our noodles real quick... if Exxons costs go up because they are paying their profits to the Government and their shareholders are not making any money so they stop investing in oil ... then they will have to either lay off workers or raise prices to make up the difference. Duh. Do you want higher prices or more unemployed people? Think America, PLEASE!!! Our economy is already in the crapper due to corrupt government (i.e. Fannie Mae and Freddie Mac). Let's not make it worse!
You have to look at % profit not just revenue. People like to throw around big revenue numbers but it costs a lot to drill, refine and transport petroleum products. They spend billions to look for new reserves, in many cases they do not find them but still have to spend money looking. So what if revenue was $10B, it cost them $9B to run the company so they only really made $1B.
My understanding is their profit margins are about 10% which is reasonable, definitely no where near as high as Apple. Why not hammer Apple?
YES they do and it hurts the average every day working person -not that Republican'ts care. Do you see them passing any thing down to the consumer ? NO It is ALL about profit and screw America.
All corporate taxes ultimately get passed on to consumers.
What is wrong with profits? If we target oil company profits who will be next and where does it stop?
How can you get screwed by a oil company?
My dad's family owned shares in an oil company. I can remember as a child, seeing a lot of checks for 2-3 cents from this oil well. Now my father is deceased and I can't seem to get any answers about the oil well. He received these checks just about all his life, and he was 87 when he died. I contacted the company that managed the oil and the response was unsatisfying to say the least. Why did the amount of his checks ever show any real profit. It is still operating today and is now involved with some large corporations, Monsanto Carpets, Exxon, and lastly the Bush family. How could the McGowan Working Partners mess over all these people , then sit around and watch them die from old age then, snub their relatives. This I am sure of one thing, they are making plenty money from this venture or they would have closed this file many years ago. Is George and his family enjoying the benefits that our family should have had? How can I get some answers and some real benefits for our familyHow can you get screwed by a oil company?
He probably had royalties or working interests. If the money was from a well, and not from actual stock in the company. In which case the well may have closed or gone dry, thus ending the payment checks. Depending on his ownership, he either invested in the well or held some title to the mineral rights surrounding the well.
If he invested, a working interest would be useless to you as you would incur joint interest billing to maintain the well. If he owned the mineral rights and recieved royalty checks, then it may still be valuable. If you know where the well was, you can research the mineral ownership, and as his next of kin you would be entitled to existing or future production royalties.
If he owned shares in the company itself, you need only to find the stock certificates, or research the companies records. Surely an attorney could help you there. I would check with both oil and gas, and estate and probate attorneys.
FYI some companies that sell investments in oil/gas wells sell working interests that either have a capped return, or expire in some amount of time.
Also, some production companies will take on investors and then ';close the well';. Essentially telling their investors to take off, the will then reopen the well, and reap its benefits. It may be comforting to you to know that most people can only perform this scam a few times before the word gets out and no one will work with them again. it also may be comforting to you to know that investing in oil/gas is 100% deductible, so instead of giving his money to the gov't your dad simply gave an oil investment a shot at virtually no cost to him.How can you get screwed by a oil company?
Call George.
ask Ken Lay or Jeff Skiling from ENNRON I bet they have good advise ! ! ! !
get an attorney or talk to an registered stock accountant.
Look through all his papers, safe deposit boxes, any old books he had(some older peole hid things in books) old cans around his home place, to find a stock certificate or partnership in the oil well, you may be able to go on-line and find the company and a list of it's share holders.Good Luck***
Those were dividend checks. Your dad probably only owned like 1 share. That's the way it works.
We all get screwed by the Oil companies every time we go to a gas station. In your case, you need to hire a lawyer. Also, let us never again elect an oil man to the office of the president.
Contact an attorney who specializes in oil and gas law. Email me for a referral.
You don't even have to buy the oil company dinner for them to screw you, that is just part of their value added service. Lawyers can be expensive, if you are going to pursue this go the class action route, it divides your expenses among other wronged parties but shouldn't effect anything you'd get from them.
He probably had royalties or working interests. If the money was from a well, and not from actual stock in the company. In which case the well may have closed or gone dry, thus ending the payment checks. Depending on his ownership, he either invested in the well or held some title to the mineral rights surrounding the well.
If he invested, a working interest would be useless to you as you would incur joint interest billing to maintain the well. If he owned the mineral rights and recieved royalty checks, then it may still be valuable. If you know where the well was, you can research the mineral ownership, and as his next of kin you would be entitled to existing or future production royalties.
If he owned shares in the company itself, you need only to find the stock certificates, or research the companies records. Surely an attorney could help you there. I would check with both oil and gas, and estate and probate attorneys.
FYI some companies that sell investments in oil/gas wells sell working interests that either have a capped return, or expire in some amount of time.
Also, some production companies will take on investors and then ';close the well';. Essentially telling their investors to take off, the will then reopen the well, and reap its benefits. It may be comforting to you to know that most people can only perform this scam a few times before the word gets out and no one will work with them again. it also may be comforting to you to know that investing in oil/gas is 100% deductible, so instead of giving his money to the gov't your dad simply gave an oil investment a shot at virtually no cost to him.How can you get screwed by a oil company?
Call George.
ask Ken Lay or Jeff Skiling from ENNRON I bet they have good advise ! ! ! !
get an attorney or talk to an registered stock accountant.
Look through all his papers, safe deposit boxes, any old books he had(some older peole hid things in books) old cans around his home place, to find a stock certificate or partnership in the oil well, you may be able to go on-line and find the company and a list of it's share holders.Good Luck***
Those were dividend checks. Your dad probably only owned like 1 share. That's the way it works.
We all get screwed by the Oil companies every time we go to a gas station. In your case, you need to hire a lawyer. Also, let us never again elect an oil man to the office of the president.
Contact an attorney who specializes in oil and gas law. Email me for a referral.
You don't even have to buy the oil company dinner for them to screw you, that is just part of their value added service. Lawyers can be expensive, if you are going to pursue this go the class action route, it divides your expenses among other wronged parties but shouldn't effect anything you'd get from them.
What happens to oil company stocks in hyper-inflation scenario?
I realize this is difficult to fully predict in these times. But taking that Marc Faber will be correct and hyperinflation occurs in the US what generally happens to stock prices in oil companies such as BP Exxon and Royal Dutch Shell etc?
Is gold/silver etc the only protection or will assets be protected if in oil stocks? I would like to know now so I can make the adjustments if necessary.
Many thanksWhat happens to oil company stocks in hyper-inflation scenario?
Oil marketting only companies stocks will slow down.
Oil exploring and marketting company shares will be benefitted.What happens to oil company stocks in hyper-inflation scenario?
In the worst-case scenario of hyperinflation, a country's currency is rendered worthless; a trillion dollars wouldn't buy you a Coke. Uber-reporter Michael Lewis wrote an eye-opening account of the kinds of things he saw while visiting recent hyperinflation victim Iceland: an epidemic of people blowing up their Range Rovers for insurance money, hoarding food and foreign currency, and seriously contemplating emigrating from the country.
Stepping back from that dire possibility, a more conservative definition of hyperinflation is a doubling of prices over three years. For the century or so we've been keeping track, the U.S. hasn't come close.
In fact, we're spoiled, because we haven't seen a year with double-digit annual inflation in the last 25 years. However, we did experience it in the 1910's, the 1920's, the 1940's, the 1970's, and the early 1980's.
Marc Faber has been very accurate over the years in his prognostications.
I think oil stocks would underperform the underlying commodity price of oil in a truly hyperinflationary environment like Zimbabwe if such a scenario were to effect the USD. My thoughts is there likely would be selling pressure from desperate people trying to survive with living expenses and the companies likely would be reluctant to expand reserves given unknown costs.
I favor silver for the reason if hyperinflation took place I believe there is a probability the government would likely make it illegal to hold physical gold. I think accumulating pre 1982 pennies whose copper content is around 2 cents right now would be a safer investment to consider given it has this built in arbitrage value.
I would back off the hyperinflation worry a bit. Buy some gold and silver and put it in a safe deposit box but don't go overboard. EVERYBODY knows we are headed for hyperinflation. So why hasn't gold soared to $10,000 per ounce. When EVERYBODY knows something is inevitable and it isn't happening, that means it likely isn't going to happen. I think you should begin to consider that perhaps deflation is the correct scenario. The markets are probably heading back to the lows.
It will be protected in OIL Stocks as well other than Gold/Silver only ...
Regards,
http://www.dodjit.com
Is gold/silver etc the only protection or will assets be protected if in oil stocks? I would like to know now so I can make the adjustments if necessary.
Many thanksWhat happens to oil company stocks in hyper-inflation scenario?
Oil marketting only companies stocks will slow down.
Oil exploring and marketting company shares will be benefitted.What happens to oil company stocks in hyper-inflation scenario?
In the worst-case scenario of hyperinflation, a country's currency is rendered worthless; a trillion dollars wouldn't buy you a Coke. Uber-reporter Michael Lewis wrote an eye-opening account of the kinds of things he saw while visiting recent hyperinflation victim Iceland: an epidemic of people blowing up their Range Rovers for insurance money, hoarding food and foreign currency, and seriously contemplating emigrating from the country.
Stepping back from that dire possibility, a more conservative definition of hyperinflation is a doubling of prices over three years. For the century or so we've been keeping track, the U.S. hasn't come close.
In fact, we're spoiled, because we haven't seen a year with double-digit annual inflation in the last 25 years. However, we did experience it in the 1910's, the 1920's, the 1940's, the 1970's, and the early 1980's.
Marc Faber has been very accurate over the years in his prognostications.
I think oil stocks would underperform the underlying commodity price of oil in a truly hyperinflationary environment like Zimbabwe if such a scenario were to effect the USD. My thoughts is there likely would be selling pressure from desperate people trying to survive with living expenses and the companies likely would be reluctant to expand reserves given unknown costs.
I favor silver for the reason if hyperinflation took place I believe there is a probability the government would likely make it illegal to hold physical gold. I think accumulating pre 1982 pennies whose copper content is around 2 cents right now would be a safer investment to consider given it has this built in arbitrage value.
I would back off the hyperinflation worry a bit. Buy some gold and silver and put it in a safe deposit box but don't go overboard. EVERYBODY knows we are headed for hyperinflation. So why hasn't gold soared to $10,000 per ounce. When EVERYBODY knows something is inevitable and it isn't happening, that means it likely isn't going to happen. I think you should begin to consider that perhaps deflation is the correct scenario. The markets are probably heading back to the lows.
It will be protected in OIL Stocks as well other than Gold/Silver only ...
Regards,
http://www.dodjit.com
Is it conceivable that oil companies (or people with oil interests) suppress oil alternative technologies?
..or is this a delusion/conspiracy paranoia?Is it conceivable that oil companies (or people with oil interests) suppress oil alternative technologies?
AS FAR AS I KNOW THE OIL COMPANY'S HAVE NOT BUILT ANY NEW REFINERY'S IN THE USA FOR 30YRS!!!!!!WHAT DOES THAT TELL YOU!!!!!!! DAHIs it conceivable that oil companies (or people with oil interests) suppress oil alternative technologies?
Of course!!!! They also suppress information about the 1 to 1 correlation between oil use and the disintegration of the environment.
Their worst nightmare is for the world to start using the sun as a source of energy. God forbid if we use a free clean and indepletable source of energy.
Sadly, it's no delusion. Worse, gov't is ALSO working to stifle us. And I've seen a long list of alt scientists who have been MURDERED within the last 20 years
AS FAR AS I KNOW THE OIL COMPANY'S HAVE NOT BUILT ANY NEW REFINERY'S IN THE USA FOR 30YRS!!!!!!WHAT DOES THAT TELL YOU!!!!!!! DAHIs it conceivable that oil companies (or people with oil interests) suppress oil alternative technologies?
Of course!!!! They also suppress information about the 1 to 1 correlation between oil use and the disintegration of the environment.
Their worst nightmare is for the world to start using the sun as a source of energy. God forbid if we use a free clean and indepletable source of energy.
Sadly, it's no delusion. Worse, gov't is ALSO working to stifle us. And I've seen a long list of alt scientists who have been MURDERED within the last 20 years
Who will protect ';our'; oil companies in Irak in 2009? Local police?
Because Irak I think is now all about protecting what is ours. Oh, no. Oh yes. Hold on. Is the oil legally ours yet?Who will protect ';our'; oil companies in Irak in 2009? Local police?
we have permanent bases in Iraq now and a embassy being built that is bigger than Vatican city, which would make it the biggest in the world
so in short we will , no matter what lies are told about leaving Iraq there will now be a permanent force of Americans there
much to the country's shame
';A few profit 鈥?and the many pay. But there is a way to stop it. You can't end it by disarmament conferences. You can't eliminate it by peace parleys at Geneva. Well-meaning but impractical groups can't wipe it out by resolutions. It can be smashed effectively only by taking the profit out of war
';I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents.';
Smedley Butler
Major General Smedley Darlington Butler (1881-07-30鈥?940-07-21), one of the most colorful officers in the Marine Corps' long history, was one of the two Marines who received two Medals of Honor for separate acts of outstanding heroism.Who will protect ';our'; oil companies in Irak in 2009? Local police?
There are currently 6 different contracts for six different segments of the pipeline extrusion zone project. They are digging ditches, building berms, and putting up fences to deter interdictions. This project has the potential of saving the Iraqi government $30 million dollars ';per day';!!! But don't take my word for it. Go to the source. US Army Corps of Engineers.
First off its IRAQ and secondly I hope it will be the leader of Iraq because we Americans need out.
there are no oil companies in Iraq. The oil belongs to the people of Iraq. The revenues are divided up and distributed to all the various tribes in Iraq.
...where is ';Irak ? ...I didn't know ';we'; owned any Oil Company's in ';Irak';.
we have permanent bases in Iraq now and a embassy being built that is bigger than Vatican city, which would make it the biggest in the world
so in short we will , no matter what lies are told about leaving Iraq there will now be a permanent force of Americans there
much to the country's shame
';A few profit 鈥?and the many pay. But there is a way to stop it. You can't end it by disarmament conferences. You can't eliminate it by peace parleys at Geneva. Well-meaning but impractical groups can't wipe it out by resolutions. It can be smashed effectively only by taking the profit out of war
';I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents.';
Smedley Butler
Major General Smedley Darlington Butler (1881-07-30鈥?940-07-21), one of the most colorful officers in the Marine Corps' long history, was one of the two Marines who received two Medals of Honor for separate acts of outstanding heroism.Who will protect ';our'; oil companies in Irak in 2009? Local police?
There are currently 6 different contracts for six different segments of the pipeline extrusion zone project. They are digging ditches, building berms, and putting up fences to deter interdictions. This project has the potential of saving the Iraqi government $30 million dollars ';per day';!!! But don't take my word for it. Go to the source. US Army Corps of Engineers.
First off its IRAQ and secondly I hope it will be the leader of Iraq because we Americans need out.
there are no oil companies in Iraq. The oil belongs to the people of Iraq. The revenues are divided up and distributed to all the various tribes in Iraq.
...where is ';Irak ? ...I didn't know ';we'; owned any Oil Company's in ';Irak';.
Do you think the oil companies should send everyone a check...?
much like the ones that the US government will be sending to taxpayers next month... After all, they did earn a record profit last year of $100 BIllion dollars !!! I thinks that's almost 2 grand per household in the United States worth of proifit !Do you think the oil companies should send everyone a check...?
Yes sirreee!!! They OWE US as taxpayers who rely on gas in any form. It is a shame that we have to suffer due to the OIL companies and them making profits at OUR benefit. We should start with a day of the year %26amp; NO ONE buy any gas whatsoever! BOYCOTT the oil companies is the right thing to do to end this mess. The truckers tried it but so many are NOT independent and truckers were afraid that they would lose their jobs if they had of done this.Do you think the oil companies should send everyone a check...?
Yes, if they earned that much profit last year that just proves the gas prices don't need to be so high.
That's because the Republican's are owned................Ay don't get me started.
Yeh and some free gallons of gas shipped right to our doorsteps!
(Someone out there must be ';pocketing'; the $$$) for the high prices!
Wonder why the Prez. isn't making THAT a priority!
No, because the gas crisis isn't all their fault. The Middle East is causing problems as well (OPEC)
Oil companies should send us a bonus check for the end of the year. We helped them earn all of that money.
Brandon
Yes sirreee!!! They OWE US as taxpayers who rely on gas in any form. It is a shame that we have to suffer due to the OIL companies and them making profits at OUR benefit. We should start with a day of the year %26amp; NO ONE buy any gas whatsoever! BOYCOTT the oil companies is the right thing to do to end this mess. The truckers tried it but so many are NOT independent and truckers were afraid that they would lose their jobs if they had of done this.Do you think the oil companies should send everyone a check...?
Yes, if they earned that much profit last year that just proves the gas prices don't need to be so high.
That's because the Republican's are owned................Ay don't get me started.
Yeh and some free gallons of gas shipped right to our doorsteps!
(Someone out there must be ';pocketing'; the $$$) for the high prices!
Wonder why the Prez. isn't making THAT a priority!
No, because the gas crisis isn't all their fault. The Middle East is causing problems as well (OPEC)
Oil companies should send us a bonus check for the end of the year. We helped them earn all of that money.
Brandon
How much capital is needed to open a start up oil company?
I need an estimate on start up capital for a start up oil company.How much capital is needed to open a start up oil company?
The Kennedy family started their family oil company for pennies on the dollar (they bilked the mineral rights from poor people).
Email Ted.How much capital is needed to open a start up oil company?
millions upon millions upon millions.
In fact, if your not in the oil business, there's a VERY good chance your not going to be in the oil business.
Why you ask?
The easy to find oil is long gone. Now it's all offshore. You don't have an deep sea oil rig platform in your backyard do you?? Perhaps a few hundred million lying around to build one??greek theater oil gas
The Kennedy family started their family oil company for pennies on the dollar (they bilked the mineral rights from poor people).
Email Ted.How much capital is needed to open a start up oil company?
millions upon millions upon millions.
In fact, if your not in the oil business, there's a VERY good chance your not going to be in the oil business.
Why you ask?
The easy to find oil is long gone. Now it's all offshore. You don't have an deep sea oil rig platform in your backyard do you?? Perhaps a few hundred million lying around to build one??
When the price of gasoline goes up, why do people blame oil companies...?
and not the traders who set the price of oil, or OPEC, or better yet, THEMSELVES? The price of something is at least partly influenced by demand, right?When the price of gasoline goes up, why do people blame oil companies...?
Every cause needs a scapegoat. They don't care what the profit margin is. They don't care that it is a constant up and down in that industry. They just want to whine.When the price of gasoline goes up, why do people blame oil companies...?
You are right. But they've been told that its the oil companies so that is what they believe.
Duh! They are the same people. Better study up on that.
I understand you position....but it still ticks me off that the major oil company's are making a kabillion dollars a quarter profits....and I am having to roll quarters to put gas in my vehicle...
let's see
probably because they can,
You are correct. And, thanks for not trying to blame it on Bush.
Statistics say the United States is one of largest consumers
of oil on the planet. So, why is it, we aren't paying $8./gal
like alot of European countries?
I'm sure that's in the works, as long as they can get away
with it - it's called sweetheart deals %26amp; cronyism.
The latest ploy oil companies come up with is to blame the refineries, but they OWN the refineries.
There is a surplus of oil worldwide today, but due to lack of refinery capacity, prices are going up.
That's what having monopolies in the petroleum industry brings us.
It's all about supply and demand. In the 80s we had twice the number of refineries in America as we have now. Now 20 years later we have a much greater demand and only half the refineries. EPA standards forced them to shut down. Now it takes 15 years to build one refinery. Five years of whitch are needed just to get the permits and find a good site.
the template for the left is to blame our president for everything. oil no different. libs made the word cronie the most popular word for 7 yrs now. they dont know any names, but by God they know his '; cronies'; are getting rich.
OPEC and traders are oil companies.
I don't blame oil companies, I think them as I am a stockholder.
Thank you! Thank you!
As for the law of supply and demand, we have successfully negated it. We raise prices if the demand goes down to compensate for reduced demand.
gold goes up - It isn't the gold mines- setting prices as well.
I COMPLETELY AGREE.
If you do not like it, stop driving!!!
simply because their obscene profits indicate that they are being over reactive.
Because the person they hand their hard-earned money to is wearing a shirt with an oil company logo on it.
That, and the price of everything else in the gas station is jacked up so high, it makes them look like profiteers.
This wouldn't be so obvious if there were not 18 people holding 20-dollar bills waiting in line behind one jerk who is actually buying all that stuff with ones, quarters and pennies, and playing the lottery, and getting cigarettes, and buying phone cards, and chewing the fat, even buying gas- while getting royal treatment by the counter-person wearing the shirt with the oil company logo on it who (unbeknown to the rest of us) finally breaks even for the day on that transaction.
I blame the democrat congress for doing nothing to make them lower.
Every cause needs a scapegoat. They don't care what the profit margin is. They don't care that it is a constant up and down in that industry. They just want to whine.When the price of gasoline goes up, why do people blame oil companies...?
You are right. But they've been told that its the oil companies so that is what they believe.
Duh! They are the same people. Better study up on that.
I understand you position....but it still ticks me off that the major oil company's are making a kabillion dollars a quarter profits....and I am having to roll quarters to put gas in my vehicle...
let's see
probably because they can,
You are correct. And, thanks for not trying to blame it on Bush.
Statistics say the United States is one of largest consumers
of oil on the planet. So, why is it, we aren't paying $8./gal
like alot of European countries?
I'm sure that's in the works, as long as they can get away
with it - it's called sweetheart deals %26amp; cronyism.
The latest ploy oil companies come up with is to blame the refineries, but they OWN the refineries.
There is a surplus of oil worldwide today, but due to lack of refinery capacity, prices are going up.
That's what having monopolies in the petroleum industry brings us.
It's all about supply and demand. In the 80s we had twice the number of refineries in America as we have now. Now 20 years later we have a much greater demand and only half the refineries. EPA standards forced them to shut down. Now it takes 15 years to build one refinery. Five years of whitch are needed just to get the permits and find a good site.
the template for the left is to blame our president for everything. oil no different. libs made the word cronie the most popular word for 7 yrs now. they dont know any names, but by God they know his '; cronies'; are getting rich.
OPEC and traders are oil companies.
I don't blame oil companies, I think them as I am a stockholder.
Thank you! Thank you!
As for the law of supply and demand, we have successfully negated it. We raise prices if the demand goes down to compensate for reduced demand.
gold goes up - It isn't the gold mines- setting prices as well.
I COMPLETELY AGREE.
If you do not like it, stop driving!!!
simply because their obscene profits indicate that they are being over reactive.
Because the person they hand their hard-earned money to is wearing a shirt with an oil company logo on it.
That, and the price of everything else in the gas station is jacked up so high, it makes them look like profiteers.
This wouldn't be so obvious if there were not 18 people holding 20-dollar bills waiting in line behind one jerk who is actually buying all that stuff with ones, quarters and pennies, and playing the lottery, and getting cigarettes, and buying phone cards, and chewing the fat, even buying gas- while getting royal treatment by the counter-person wearing the shirt with the oil company logo on it who (unbeknown to the rest of us) finally breaks even for the day on that transaction.
I blame the democrat congress for doing nothing to make them lower.
Are Americans Upset that Dems will Allow Oil Companies to Drill & Ruin the Environment as they let Drilling...?
... ban expire?
Are Americans Upset that Dems will Allow Oil Companies to Drill %26amp; Ruin the Environment as they let Drilling...?
Hey Joe! Get with the program - there hasn't been a major spill in ages. %26amp; after Katrina, Ike %26amp; all the other storms - nada!
Read this carefully: Drilling does not harm the environment!Are Americans Upset that Dems will Allow Oil Companies to Drill %26amp; Ruin the Environment as they let Drilling...?
Bush was going to let the drilling ban expire, so instead of allowing drilling anywhere without restrictions, the dems passed legislation to let the states decide, but put a limit of not within 50 miles of the coast. Oil companies don't seem to want to drill anyway. Why should they invest money that would cut into their record profits?
Yes, and I also think that Americans will be upset when they find out what will happen to OUR oil when Exxon and Chevron get it.
THEY will take it, THEY will profit off of it, but WE will continue to pay 3 and 4 dollars for a gallon of gasoline.
Drilling doesn't ruin the environment, burning oil does according to the envrro-carzies; and we're gioing to do that anyway. Drilling in someone else's back yard is also ';ruining'; the enromenoment, but seems to be OK.
No, they are more likely to be upset if gas costs $5.00 per gallon.
Drilling properly should be possible without damage to the environment.
Could you kindly provide a link or something to substantiate this statement?
Are Americans Upset that Dems will Allow Oil Companies to Drill %26amp; Ruin the Environment as they let Drilling...?
Hey Joe! Get with the program - there hasn't been a major spill in ages. %26amp; after Katrina, Ike %26amp; all the other storms - nada!
Read this carefully: Drilling does not harm the environment!Are Americans Upset that Dems will Allow Oil Companies to Drill %26amp; Ruin the Environment as they let Drilling...?
Bush was going to let the drilling ban expire, so instead of allowing drilling anywhere without restrictions, the dems passed legislation to let the states decide, but put a limit of not within 50 miles of the coast. Oil companies don't seem to want to drill anyway. Why should they invest money that would cut into their record profits?
Yes, and I also think that Americans will be upset when they find out what will happen to OUR oil when Exxon and Chevron get it.
THEY will take it, THEY will profit off of it, but WE will continue to pay 3 and 4 dollars for a gallon of gasoline.
Drilling doesn't ruin the environment, burning oil does according to the envrro-carzies; and we're gioing to do that anyway. Drilling in someone else's back yard is also ';ruining'; the enromenoment, but seems to be OK.
No, they are more likely to be upset if gas costs $5.00 per gallon.
Drilling properly should be possible without damage to the environment.
Could you kindly provide a link or something to substantiate this statement?
Should I quit buying gas because I don't like oil companies
Several people here insist that gas is some sort of product like coca cola or pretzels, that if you don't like it just don't buy it. They go on about how oil companies have the lowest mark-up. But when you *need* to buy their product to survive, who cares about these claims. It is such a high volume market that they can have low mark-up and still make fortunes. How short sighted can a person be to make these comparisons?Should I quit buying gas because I don't like oil companies
I love this reasoning too. We need it for nearly everything. People also say you can ride a bike or whatever else. I live 43 miles from work- one way and there is no public transportation in my area. Around here we must drive long distances to get anywhere. Sure I have consolidated grocery trips to every other week and if I forget something oh well. Should I quit buying gas because I don't like oil companies
';I live 43 miles from work- one way and there is no public transportation in my area.'; - Your choice. You could live closer to work.
';Around here we must drive long distances to get anywhere.'; - Because of the choice you made to live where you do. Report Abuse
No, you need to look harder as to why you do not like oil companies. I would bet your dislike is not warranted. You yourself speak of the high volume of sales, and the need. Need and global sales would make your widget company have large profits as well. Are you ad that these companies make fortunes even with small mark ups? Are we independent of what they are selling today? You should be thanking them that they do have such a low mark up, because profits are not illegal in a capital based society.
You don't *need* their product. You have made the choice to drive instead of to walk, ride a bicycle or take the bus. Even if you decide to drive, you can also decide to drive less. Consolidate trips etc. It's a choice.
Sadly, it is one of those things that you can't do anything about unless you have the political and diplomatic clout to change things.
just properly inflate your tires, and get regular tune ups. Obama says that will bring down gas prices....yea righthahahaha
Typical liberal response above..';you dont need thier product';...... guess you computer there at the Starbucks was made out of corn.
Go ahead and quit buying their gas. Won't make much of a dent in their billions in profit.
Yes and you should stop buying toilet paper too.
I love this reasoning too. We need it for nearly everything. People also say you can ride a bike or whatever else. I live 43 miles from work- one way and there is no public transportation in my area. Around here we must drive long distances to get anywhere. Sure I have consolidated grocery trips to every other week and if I forget something oh well. Should I quit buying gas because I don't like oil companies
';I live 43 miles from work- one way and there is no public transportation in my area.'; - Your choice. You could live closer to work.
';Around here we must drive long distances to get anywhere.'; - Because of the choice you made to live where you do. Report Abuse
No, you need to look harder as to why you do not like oil companies. I would bet your dislike is not warranted. You yourself speak of the high volume of sales, and the need. Need and global sales would make your widget company have large profits as well. Are you ad that these companies make fortunes even with small mark ups? Are we independent of what they are selling today? You should be thanking them that they do have such a low mark up, because profits are not illegal in a capital based society.
You don't *need* their product. You have made the choice to drive instead of to walk, ride a bicycle or take the bus. Even if you decide to drive, you can also decide to drive less. Consolidate trips etc. It's a choice.
Sadly, it is one of those things that you can't do anything about unless you have the political and diplomatic clout to change things.
just properly inflate your tires, and get regular tune ups. Obama says that will bring down gas prices....yea righthahahaha
Typical liberal response above..';you dont need thier product';...... guess you computer there at the Starbucks was made out of corn.
Go ahead and quit buying their gas. Won't make much of a dent in their billions in profit.
Yes and you should stop buying toilet paper too.
Soon, when we have plug in all electric cars, will all the gas stations, oil companies and mechanics to out of
business? Will buying an all electric car be as simple and cheap as buying a refrigerator or a vaccum cleaner?Soon, when we have plug in all electric cars, will all the gas stations, oil companies and mechanics to out of
LOL! The Gas Companies out of Business!!!
No, they won't go out of business, they will develop new ways to produce petroleum, and they will shift into electricity generation and the production of batteries for the cars.
LOL! The Gas Companies out of Business!!!
No, they won't go out of business, they will develop new ways to produce petroleum, and they will shift into electricity generation and the production of batteries for the cars.
Stock market shocker: oil companies and Northrup Grumman UP today - everything else DOWN.?
Is it a surprise that defense contractors and oil companies are doing fantastic with a republican in office? While the rest of the economy is in the toilet.Stock market shocker: oil companies and Northrup Grumman UP today - everything else DOWN.?
';I would say, by any commonsense definition, we are in a recession,';
';the U.S. economy is essentially in a recession even if it hasn't met the technical definition of one yet.';
Warren BuffettStock market shocker: oil companies and Northrup Grumman UP today - everything else DOWN.?
so what else is new?
so you weren't smart enough to short the market?
Thank your teachers in the union.
Market is way up since 911
Under Bush the Oil, Medical and defense companies make record profits while the stock market as a whole has gone up only 4% in 7+ years. (11723-12224) and the dollar has lost half its value.
What a great Republican economy!
Its a coincidence. If you knew anything about the market you would know that.
I have been for months answering questions here about the oil companies are not driving up oil prices, the declining dollar is. Below is a link to an AP news story posted today that proves my point and explains why:
http://biz.yahoo.com/ap/080303/oil_price…
As for your note about the DOW, it has only increased with the rate of inflation for the last 7 years. There hasn't been any real growth.
nope
interesting because a quick glance shows that GE (a big global warming profiteer) is up today too. yet its snowing in texas.
but thats okay right because you agree with that one
No.
Oh, if only we had heeded the warnings of Eisenhower about the military-industrial complex. Funny, how the last good Republican president of the 20th Century is completely forgotten by the current members of the Republican party, especially the neoconservatives.
As for the oil-companies, I'm sure glad that American tax dollars are being spent on corporate welfare for them while they continue to reap exorbitant and historic profits.
Nothing like a corporate oligarchy disguised as a democracy.
Damn that Bush!
If he would only start selling his OIL and DEFENSE stocks!
Considering my 401(k) has both oil and defense stocks as part of its portfolio... YAY! Maybe I can retire early.
Must be all of that good ole fashion capitalism they're doing over there.
';I would say, by any commonsense definition, we are in a recession,';
';the U.S. economy is essentially in a recession even if it hasn't met the technical definition of one yet.';
Warren BuffettStock market shocker: oil companies and Northrup Grumman UP today - everything else DOWN.?
so what else is new?
so you weren't smart enough to short the market?
Thank your teachers in the union.
Market is way up since 911
Under Bush the Oil, Medical and defense companies make record profits while the stock market as a whole has gone up only 4% in 7+ years. (11723-12224) and the dollar has lost half its value.
What a great Republican economy!
Its a coincidence. If you knew anything about the market you would know that.
I have been for months answering questions here about the oil companies are not driving up oil prices, the declining dollar is. Below is a link to an AP news story posted today that proves my point and explains why:
http://biz.yahoo.com/ap/080303/oil_price…
As for your note about the DOW, it has only increased with the rate of inflation for the last 7 years. There hasn't been any real growth.
nope
interesting because a quick glance shows that GE (a big global warming profiteer) is up today too. yet its snowing in texas.
but thats okay right because you agree with that one
No.
Oh, if only we had heeded the warnings of Eisenhower about the military-industrial complex. Funny, how the last good Republican president of the 20th Century is completely forgotten by the current members of the Republican party, especially the neoconservatives.
As for the oil-companies, I'm sure glad that American tax dollars are being spent on corporate welfare for them while they continue to reap exorbitant and historic profits.
Nothing like a corporate oligarchy disguised as a democracy.
Damn that Bush!
If he would only start selling his OIL and DEFENSE stocks!
Considering my 401(k) has both oil and defense stocks as part of its portfolio... YAY! Maybe I can retire early.
Must be all of that good ole fashion capitalism they're doing over there.
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