18 replies to this topic

[ThunderCookie]

Every time gas prices come up in a political arena, I know that no matter which side of the aisle they are on... they are lying.

And while I have argued this point for years, the truth finally comes out.  Forget Canadian pipe lines and what may or may not happen in Iran.  The bigger problem is when multiple oil companies shut down 5% of their refineries simultaneously.

Drill here, drill now?  That is what is happening to the azz of the American people.




http://www.cbsnews.c...rices-increase/

[Dago 3.0]

I have been saying this for awhile now

[ThunderCookie]

Dago 3.0, on 12 March 2012 - 11:22 AM, said:

I have been saying this for awhile now

If only the truth made a good bumper sticker.

[Dago 3.0]

ThunderCookie, on 12 March 2012 - 11:31 AM, said:

If only the truth made a good bumper sticker.

that would make a good bumper sticker

[ThunderCookie]

Dago 3.0, on 12 March 2012 - 11:37 AM, said:

that would make a good bumper sticker

Then it would become a lie causing a paradox that would tear the fabric of the known universe!!!!!!!!!!!


Or it could be that I just don't have the money to make a bumpersticker....



I dunno... You pick

[SaintRay]

Supply and Demand = not related as it pertains to fuel in America.

Tax and Spend = completely related as it pertains to fuel in America.

[ThunderCookie]

SaintRay, on 12 March 2012 - 11:42 AM, said:

Supply and Demand = not related as it pertains to fuel in America.

Tax and Spend = completely related as it pertains to fuel in America.

Really?  If the fuel companies are setting prices just a hair below breaking the back of the American economy, what does taxing or spending have to do with it?

It hasn't stopped the record profits. They already get tax breaks even though they are shutting down refineries so THEY spend less.  So enlighten me as to how taxing and spending relates to what we get charged.

[Dago 3.0]

ThunderCookie, on 12 March 2012 - 11:47 AM, said:

Really?  If the fuel companies are setting prices just a hair below breaking the back of the American economy, what does taxing or spending have to do with it?

It hasn't stopped the record profits. They already get tax breaks even though they are shutting down refineries so THEY spend less.  So enlighten me as to how taxing and spending relates to what we get charged.

the spending part is the part where the oil companies line the pockets of our politicians so they will turn a blind eye to the way we are getting screwed. the oil companies are the biggest price fixing scam in the country and that is supposed to be illegal. there is no real competition for business because nobody will undercut anybody else

[joe horn]

And then there's the whole thing with snapping up patents on alternative fuel sources (only the realistic ones) and throwing them in a locked crate stored next to the Ark of the Covenant..



"**** it feels good to be a Gangsta."

Edited by joe horn, 12 March 2012 - 01:54 PM.

[jb 3.0]

joe horn, on 12 March 2012 - 01:53 PM, said:

And then there's the whole thing with snapping up patents on alternative fuel sources (only the realistic ones) and throwing them in a locked crate stored next to the Ark of the Covenant..



"**** it feels good to be a Gangsta."

So True! Plus You do realize there are some people that have been dumb enough to let it get out they have a working hydrogen engine that are now sleeping with the fishes?

[SaintRay]

ThunderCookie, on 12 March 2012 - 11:47 AM, said:

Really?  If the fuel companies are setting prices just a hair below breaking the back of the American economy, what does taxing or spending have to do with it?

It hasn't stopped the record profits. They already get tax breaks even though they are shutting down refineries so THEY spend less.  So enlighten me as to how taxing and spending relates to what we get charged.

This country has fought multiple wars over FUEL.

Ever bother to check the tax the government charges for fuel as it relates to a gallon? I know.

Why is it a manufacturer of fuel isn't entitled to a reasonable profit? Perhaps I believe too strongly in Free Enterprise. Most companies push for a EBITDA of 8-14%, yet if an oil company hits that number, many find it obscene. Why? do you ever stop and think about the number of highly paid people the oil industry supports within their operations?

Gasoline taxes by state (combined local, state and federal), which range from a low of 26.4 cents per gallon in Alaska to a high of of 66.1 cents per gallon in California, average 48.1 cents per gallon across all states.  How does that compare to oil company industry profits per gallon?

ExxonMobil .... “For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.”  


http://www.dailymark...fit-per-gallon/

[Dago 3.0]

SaintRay, on 12 March 2012 - 02:46 PM, said:

This country has fought multiple wars over FUEL.

Ever bother to check the tax the government charges for fuel as it relates to a gallon? I know.

Why is it a manufacturer of fuel isn't entitled to a reasonable profit? Perhaps I believe too strongly in Free Enterprise. Most companies push for a EBITDA of 8-14%, yet if an oil company hits that number, many find it obscene. Why? do you ever stop and think about the number of highly paid people the oil industry supports within their operations?

Gasoline taxes by state (combined local, state and federal), which range from a low of 26.4 cents per gallon in Alaska to a high of of 66.1 cents per gallon in California, average 48.1 cents per gallon across all states.  How does that compare to oil company industry profits per gallon?

ExxonMobil .... “For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.”  


http://www.dailymark...fit-per-gallon/

most people don't understand that most of their profits come from overseas ventures....not what is done here in the United States.

however, my point about price fixing still stands

[joe horn]

None of this puts me any closer to a flying car. It's 2012 already, sheesh.

[jb 3.0]

joe horn, on 12 March 2012 - 04:16 PM, said:

None of this puts me any closer to a flying car. It's 2012 already, sheesh.

[Ethanga62890]

jb.069, on 12 March 2012 - 01:59 PM, said:

So True! Plus You do realize there are some people that have been dumb enough to let it get out they have a working hydrogen engine that are now sleeping with the fishes?

friend of mine configured his ford truck engine to get over 30 more MPG. Think he did something to the carb. Anyways this guy was a hard man. not easily intimidated. he sent in what he did to ford. not even a week later some people show up at his house. Talk with him for a bit. he comes out goes to his truck and immediately started dismantling it. I don't know what they said but it must have scared him shitless.

[jb 3.0]

Ethanga62890, on 12 March 2012 - 10:06 PM, said:

friend of mine configured his ford truck engine to get over 30 more MPG. Think he did something to the carb. Anyways this guy was a hard man. not easily intimidated. he sent in what he did to ford. not even a week later some people show up at his house. Talk with him for a bit. he comes out goes to his truck and immediately started dismantling it. I don't know what they said but it must have scared him shitless.

Not surprising!

[ThunderCookie]

joe horn, on 12 March 2012 - 01:53 PM, said:

And then there's the whole thing with snapping up patents on alternative fuel sources (only the realistic ones) and throwing them in a locked crate stored next to the Ark of the Covenant..



"**** it feels good to be a Gangsta."

So that is what Slimer looked like before he died.

[ThunderCookie]

SaintRay, on 12 March 2012 - 02:46 PM, said:

This country has fought multiple wars over FUEL.

Ever bother to check the tax the government charges for fuel as it relates to a gallon? I know.

Why is it a manufacturer of fuel isn't entitled to a reasonable profit? Perhaps I believe too strongly in Free Enterprise. Most companies push for a EBITDA of 8-14%, yet if an oil company hits that number, many find it obscene. Why? do you ever stop and think about the number of highly paid people the oil industry supports within their operations?

Gasoline taxes by state (combined local, state and federal), which range from a low of 26.4 cents per gallon in Alaska to a high of of 66.1 cents per gallon in California, average 48.1 cents per gallon across all states.  How does that compare to oil company industry profits per gallon?

ExxonMobil .... “For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.”  


http://www.dailymark...fit-per-gallon/

Ummmm....  You do know how corporate accounting works right?  If the execs and stock holders take a big enough share, they could claim they only make 0.0000007 cents per gallon.   Furthermore, since they have shown that supply, demand, and even the cost of oil doesn't truly dictate the cost to the consumer, what makes you think the taxes do?

Need proof? Georgia charges 10 cents more in fuel tax than Virginia, yet pays 2 cents less per gallon than Virginia does.

And what makes you think that if these taxes went away that they wouldn't fabricate a reason to keep prices the same?

[SaintRay]

ThunderCookie, on 13 March 2012 - 09:23 AM, said:

Ummmm....  You do know how corporate accounting works right?  If the execs and stock holders take a big enough share, they could claim they only make 0.0000007 cents per gallon.   Furthermore, since they have shown that supply, demand, and even the cost of oil doesn't truly dictate the cost to the consumer, what makes you think the taxes do?

Need proof? Georgia charges 10 cents more in fuel tax than Virginia, yet pays 2 cents less per gallon than Virginia does.

And what makes you think that if these taxes went away that they wouldn't fabricate a reason to keep prices the same?

Yes, I know exactly how corporate accounting works. I myself am a Director in a large Oil Services Industry organization.

http://ycharts.com/c...es/BP/key_stats

As an example, I've attached BP's Key Stats Comparision Chart current to this day. To refute your claim that BP is simply paying bonuses to skew the bottomline number, the chart reveals their Gross Profit on operation is 19.87% while their Profit Margin is 8.73%. As an investor driven business, any bonuses would have been accounted for above the Profit Margin line.

While 8.73% Profit Margin is respectable, it is far from benchmarking in any industry. A return of much less margin would force investors into a panic.

I would much prefer the growth of private sector jobs than the continuation of large goverment jobs creation.

Edited by SaintRay, 13 March 2012 - 10:00 AM.