Crazy Gas Prices
5/3/08 | 02:22 PM
#41
Tasca Super Boss 429 Member
Joined: January 4, 2006
Posts: 3,907
Likes: 31
Sendero, it sounds like this issue makes you very angry.
I expected $4 a gallon gas before 2010 when I bought my car 2 years ago.
I am just seeing my predictions ring true.
I got rid of a car that got half the gas mileage of my Mustang.
There you go again.
I'm sorry, I didn't realize.
I thought I was at the ADULT table.
Yes, that is only about 10% of the total market.
It would only affect it for a short term.
It would also further justify OPEC not to produce at any higher levels.
My math is sound. Only the variables can change.
There are many reasons for the variables to change, but I don't see them changing enough to favor $2.50 a gallon gas ever again.
I expected $4 a gallon gas before 2010 when I bought my car 2 years ago.
I am just seeing my predictions ring true.
I got rid of a car that got half the gas mileage of my Mustang.
I'm sorry, I didn't realize.
I thought I was at the ADULT table.
So you're telling me that if 10 million barrels of oil, per day, were to suddenly reappear on the market the price would not fall?
It would only affect it for a short term.
It would also further justify OPEC not to produce at any higher levels.
My math is sound. Only the variables can change.
There are many reasons for the variables to change, but I don't see them changing enough to favor $2.50 a gallon gas ever again.
5/3/08 | 03:18 PM
#42
The Man... keeping you down.
Joined: August 15, 2004
Posts: 823
Likes: 1
From: Stealin' ur internetz
Nope. I could care less actually.
If you read with a bad attitude, then it will sound like attitude. My comments were endearments, you made them into something else.
I don't know why you think Oil and Oil futures defy all known fudamental microeconomics. You can slow down production all you want, but when demand isn't meeting output they have two choices: decrease price to turn overstock or shut down the wells. These people (OPEC) are still servicing a lot of debt and I'm willing to bet they wouldn't appreciate the decrease in consumption. Your still ignoring the direct correlation of the dollar strength to the cost of crude, too. Will we ever see $2.50 a gallon gas, it's quite likely; but its going to take the American people to make it happen instead of giving up all hope as you've suggested.
Yes, that is only about 10% of the total market.
It would only affect it for a short term.
It would also further justify OPEC not to produce at any higher levels.
My math is sound. Only the variables can change.
There are many reasons for the variables to change, but I don't see them changing enough to favor $2.50 a gallon gas ever again.
It would only affect it for a short term.
It would also further justify OPEC not to produce at any higher levels.
My math is sound. Only the variables can change.
There are many reasons for the variables to change, but I don't see them changing enough to favor $2.50 a gallon gas ever again.
5/3/08 | 05:15 PM
#43
GTR Member
Joined: April 20, 2005
Posts: 4,661
Likes: 1
From: Tampa,FL
My wife is gonna kill me
5/3/08 | 08:13 PM
#44
Tasca Super Boss 429 Member
Joined: January 4, 2006
Posts: 3,907
Likes: 31
Golly I don't know what to say.
http://www.merriam-webster.com/dictionary/endearment
I am not going to go to the prom with you. I don't swing that way.
http://www.merriam-webster.com/dictionary/endearment
I am not going to go to the prom with you. I don't swing that way.
5/3/08 | 11:38 PM
#46
Bullitt Member
Joined: January 26, 2008
Posts: 439
Likes: 0
From: Escondido, CA
Gas prices...here is a suggestion
This is from a former coca-cola executive. Basically boycott the big three companies, shell, exxon and mobile
A Relevant Theory About Gas Prices
>
>
> THIS IS NOT THE 'DON'T BUY' GAS FOR ONE DAY, BUT IT WILL SHOW YOU
HOW WE
> CAN GET GAS BACK DOWN TO $1.30 PER GALLON. (I'd be happy with
$2.00)
>
> This was sent by a retired Coca Cola executive. It came from one of
his
> engineer buddies who retired from Halliburton. If you are tired of
the
gas
> prices going up AND they will continue to rise this summer, take
time to
> read this please.
>
> Phillip Hollsworth offered this good idea. This makes MUCH MORE
SENSE
than
> the 'don't buy gas on a certain day' campaign that was going around
last
> April or May! It's worth your consideration. Join the
resistance!!!!
>
> I hear we are going to hit close to $ 4.00 a gallon by summer and
it
might
> go higher!! Want gasoline prices to come down?
>
> We need to take some intelligent, united action. The oil companies
just
> laughed at that because they knew we wouldn't continue to 'hurt'
ourselves
> by refusing to buy gas.</ B>
>
> It was more of an inconvenience to us than it was a problem for
them.
> BUT, who ever thought of this idea has come up with a plan that can
Really
> work. Please read on and join with us!
>
> By now you're probably thinking gasoline priced at about $2.00 is
super
> cheap. Me too! It is currently $3.46 for regular unleaded in my
town.
>
> Now that the oil companies and the OPEC nations have conditioned us
to
> think that at the cost of a gallon of gas is CHEAP at $1.50 -
$1.75, we
> need to take aggressive action to teach them that BUYERS control
the
> marketplace...not sellers.
>
> With the price of gasoline going up more each day, we consumers
need to
> take action.
>
> The only way we are going to see the price of gas come down is if
we hit
> someone in the pocketbook by not purchasing their gas! And, we can
do
that
> WITHOUT hurting ourselves.
>
> How? Since we all rely on our cars, we can't just stop buying gas.
>
> But we CAN have an impact on gas prices if we all act together to
force
a
> price war.
>
> Here's the idea: For the rest of this year, DON'T purchase ANY
gasoline
> from the two biggest companies (which now are one), EXXON and </
SPAN>
> MOBIL.
>
> If they are not selling any gas, they will be inclined to reduce
their
> prices. If they reduce their prices, the other companies will have
to
> follow suit.
>
> But to have an impact, we need to reach literally millions of Exxon
and
> Mobil gas buyers. It's really simple to do! Now, don't wimp out on
me at
> this point...keep reading and I'll explain how simple it is to
reach
> millions of people!!
>
> I am sending this note to 30 people. If each of us send it to at
least
ten
> more (30 x 10 = 300).. and those 300 send it to at least ten more
(300 x
10
> = 3,000)... and so on, by the time the message reaches the sixth
group
of
> people, we will have reached over THREE MILLION consumers. If those
three
> million get excited and pass this on to ten friends each, then 30
million
> people will have been contacted!
>
> If it goes one level further, you guessed it..... THREE HUNDRED
MILLION
> PEOPLE!!!
>
> Again, all you have to do is send this to 10 people. That's all!
>
> (If you don't understand how we can reach 300 million and all you
have
to
> do is send this t o 10 people.... Well, let's face it, you just
aren't a
> mathematician. But I am. So trust me on this one.
>
> How long would all that take? If each of us sends this e-mail out
to ten
> more people within one day of receipt, all 300 MILLION people could
> conceivably be contacted within the next 8 days!!!
>
> I'll bet you didn't think you and I had that much potential, did
you!
> Acting together we can make a difference.
>
> If this makes sense to you, please pass this message on. I suggest
that
we
> not buy from EXXON/MOBIL UNTIL THEY LOWER THEIR PRICES TO THE $2.00
A Relevant Theory About Gas Prices
>
>
> THIS IS NOT THE 'DON'T BUY' GAS FOR ONE DAY, BUT IT WILL SHOW YOU
HOW WE
> CAN GET GAS BACK DOWN TO $1.30 PER GALLON. (I'd be happy with
$2.00)
>
> This was sent by a retired Coca Cola executive. It came from one of
his
> engineer buddies who retired from Halliburton. If you are tired of
the
gas
> prices going up AND they will continue to rise this summer, take
time to
> read this please.
>
> Phillip Hollsworth offered this good idea. This makes MUCH MORE
SENSE
than
> the 'don't buy gas on a certain day' campaign that was going around
last
> April or May! It's worth your consideration. Join the
resistance!!!!
>
> I hear we are going to hit close to $ 4.00 a gallon by summer and
it
might
> go higher!! Want gasoline prices to come down?
>
> We need to take some intelligent, united action. The oil companies
just
> laughed at that because they knew we wouldn't continue to 'hurt'
ourselves
> by refusing to buy gas.</ B>
>
> It was more of an inconvenience to us than it was a problem for
them.
> BUT, who ever thought of this idea has come up with a plan that can
Really
> work. Please read on and join with us!
>
> By now you're probably thinking gasoline priced at about $2.00 is
super
> cheap. Me too! It is currently $3.46 for regular unleaded in my
town.
>
> Now that the oil companies and the OPEC nations have conditioned us
to
> think that at the cost of a gallon of gas is CHEAP at $1.50 -
$1.75, we
> need to take aggressive action to teach them that BUYERS control
the
> marketplace...not sellers.
>
> With the price of gasoline going up more each day, we consumers
need to
> take action.
>
> The only way we are going to see the price of gas come down is if
we hit
> someone in the pocketbook by not purchasing their gas! And, we can
do
that
> WITHOUT hurting ourselves.
>
> How? Since we all rely on our cars, we can't just stop buying gas.
>
> But we CAN have an impact on gas prices if we all act together to
force
a
> price war.
>
> Here's the idea: For the rest of this year, DON'T purchase ANY
gasoline
> from the two biggest companies (which now are one), EXXON and </
SPAN>
> MOBIL.
>
> If they are not selling any gas, they will be inclined to reduce
their
> prices. If they reduce their prices, the other companies will have
to
> follow suit.
>
> But to have an impact, we need to reach literally millions of Exxon
and
> Mobil gas buyers. It's really simple to do! Now, don't wimp out on
me at
> this point...keep reading and I'll explain how simple it is to
reach
> millions of people!!
>
> I am sending this note to 30 people. If each of us send it to at
least
ten
> more (30 x 10 = 300).. and those 300 send it to at least ten more
(300 x
10
> = 3,000)... and so on, by the time the message reaches the sixth
group
of
> people, we will have reached over THREE MILLION consumers. If those
three
> million get excited and pass this on to ten friends each, then 30
million
> people will have been contacted!
>
> If it goes one level further, you guessed it..... THREE HUNDRED
MILLION
> PEOPLE!!!
>
> Again, all you have to do is send this to 10 people. That's all!
>
> (If you don't understand how we can reach 300 million and all you
have
to
> do is send this t o 10 people.... Well, let's face it, you just
aren't a
> mathematician. But I am. So trust me on this one.
>
> How long would all that take? If each of us sends this e-mail out
to ten
> more people within one day of receipt, all 300 MILLION people could
> conceivably be contacted within the next 8 days!!!
>
> I'll bet you didn't think you and I had that much potential, did
you!
> Acting together we can make a difference.
>
> If this makes sense to you, please pass this message on. I suggest
that
we
> not buy from EXXON/MOBIL UNTIL THEY LOWER THEIR PRICES TO THE $2.00
5/4/08 | 12:27 AM
#47
Mach 1 Member
Joined: May 10, 2007
Posts: 905
Likes: 2
Thats actually a pretty good idea.
oh and F***ing hell isn't the gov't suppose to protect us against price gouging like this. We are a democracy, we are free and safe and blah blah blah. Oh yeah they are making money off this too, oh yeah the oil companies pay them off, oh yeah they look out for there best interests and not the people, oh yeah wealth is in the hands of few, oh yeah the gov't is just there to control the masses while the few benefit from the natural resources of the coutnry, and the hard work of the people, oh yeah we aren;t really free cause everyones phones are tapped and you can be jailed for nothing, so you better not speak up or go against the system.......ummmm I did say this was a democracy right...or did I just describe something else, but if we are something else, how can we fight and pressure others to become something we oursleves are not....ahhhhhhhhhhhhhh space time continium is collapsing in on me due to my brain not being able to comprehend such conflicting thoughts....no wait mayeb if I calm down...ok we are a democracy we are a democracy we are a democracy...we can watch ****, and own guns, and "vote"(fopr who screws us), we can choose to be as immmoral as we want, our kids can act and say what they wish, we can collect welfare, we can freely express hate towards those that are diff than us, and we still exploit the rest of the world more than we do ourselves,aaaaaaaaaaaaaah all better now
oh and F***ing hell isn't the gov't suppose to protect us against price gouging like this. We are a democracy, we are free and safe and blah blah blah. Oh yeah they are making money off this too, oh yeah the oil companies pay them off, oh yeah they look out for there best interests and not the people, oh yeah wealth is in the hands of few, oh yeah the gov't is just there to control the masses while the few benefit from the natural resources of the coutnry, and the hard work of the people, oh yeah we aren;t really free cause everyones phones are tapped and you can be jailed for nothing, so you better not speak up or go against the system.......ummmm I did say this was a democracy right...or did I just describe something else, but if we are something else, how can we fight and pressure others to become something we oursleves are not....ahhhhhhhhhhhhhh space time continium is collapsing in on me due to my brain not being able to comprehend such conflicting thoughts....no wait mayeb if I calm down...ok we are a democracy we are a democracy we are a democracy...we can watch ****, and own guns, and "vote"(fopr who screws us), we can choose to be as immmoral as we want, our kids can act and say what they wish, we can collect welfare, we can freely express hate towards those that are diff than us, and we still exploit the rest of the world more than we do ourselves,aaaaaaaaaaaaaah all better now
Last edited by Clark Kent; 5/4/08 at 12:29 AM.
5/4/08 | 12:55 AM
#48
Its a good idea except the fact that you will still be shelling out the higher prices to the non-OPEC companies. Think about it. If 4 out of 5 gas stations get NO business and lower prices, the fifth gas station will only lower prices when they lose the business.
5/4/08 | 02:56 AM
#49
FR500 Member
Joined: August 15, 2005
Posts: 3,083
Likes: 0
From: Honolulu
I don't think we get our petroleum refined from either company - at least out here. There are only 2 refiners, so we're pretty much scr3wed. (Besides, the suppliers have been known to ship fuel out if they feel the price is "too low", also there have been rumors of collusion for years concerning gas price fixing among the sellers though that has never been proven).
5/4/08 | 03:03 AM
#50
FR500 Member
Joined: August 15, 2005
Posts: 3,083
Likes: 0
From: Honolulu
speculators - they effed up the housing market trying to make quick profits by taking advantage of low interest rates by buying up properties and flipping them, and now they set their sights on energy futures... yay. of course they're not the only ones to blame, except they're part of the problem.
5/4/08 | 07:04 AM
#52
Mach 1 Member
Joined: November 3, 2005
Posts: 566
Likes: 0
From: Cary, NC
Always check snopes.com before posting this kind of stuff:
http://www.snopes.com/politics/gasoline/gasout.asp
http://www.snopes.com/politics/gasoline/gasout.asp
5/4/08 | 07:55 AM
#55
GTR Member
Joined: April 20, 2005
Posts: 4,661
Likes: 1
From: Tampa,FL
I never buy gas at those places anyway because they are ALWAYS more expensive than places like Marathon and Race Trac.. I read that eventually the prices will go to around 80.00 a barrel because of the surplus..I read business sections frequently...
5/21/08 | 12:59 PM
#58
The Man... keeping you down.
Joined: August 15, 2004
Posts: 823
Likes: 1
From: Stealin' ur internetz
Congress takes the wood to Big Oil:
http://news.yahoo.com/s/ap/20080521/...o/oil_congress
http://news.yahoo.com/s/ap/20080521/...o/oil_congress
Originally Posted by Yahoo News
Top executives of the five largest oil companies tried to shift anger over high prices to a debate over supplies Wednesday, leading a senator to accuse them of acting like "hapless victims" while racking up record profits.
ADVERTISEMENT
Patrick Leahy, D-Vt., told the executives there's "a disconnect" between normal supply and demand and the skyrocketing price of oil — surpassing $130 a barrel even as the oil leaders testified — that the industry has yet to explain.
J. Stephen Simon, executive vice president of Exxon Mobil Corp., said profits have been huge "in absolute terms" but must be viewed in the context of the massive scale of the industry." He also said high earnings are needed "in the current up cycle" to pay for investments in the long term when profits will be down.
"'Current up cycle,' that's a nice term," replied Leahy with sarcasm, "when people can't afford to go to work" because gasoline is costing close to $4 a gallon.
He asked Simon what his total compensation was at Exxon, a company that made $40 billion last year. Simon replied it was $12.5 million annually.
Two other executives, John Lowe, executive vice president of ConocoPhillips Co., said he didn't recall his total compensations as did Peter Robertson, vice chairman of Chevron Corp. John Hofmeister, president of Shell Oil Co., said his was "about $2.2 million" but was not among the top five salaries at his company's international parent. Robert Malone, chairman of BP America Inc., put his compensation at "in excess of $2 million."
Sen. Arlen Specter, R-Pa., said Exxon's annual profits increased from $11.5 billion to $40.6 billion in the past five years and there was no explanation for "why profits have gone up so high when the consumer is suffering so much."
The five companies earned $36 billion in the first quarter of this year.
The executives, appearing under oath before the Senate Judiciary Committee, said they know high prices are hurting people, but they said the cause is not company profits but global supply and demand. And they sought to use their appearance before Congress to argue against new taxes on their industry
"I urge you to resist these punitive policies," said Hofmeister.
Senate Democrats recently announced an energy package that would tax "windfall" profits of the five companies. That might have public appeal, Lowe told the senators, but oil companies should not be viewed as "a scapegoat" for high prices.
That was not what many senators wanted to hear.
You have "just a litany of complaints that you're all just hapless victims of a system," Sen. Dianne Feinstein, D-Calif., told the executives. "Yet you rack up record profits ... quarter after quarter after quarter."
"I'm sorry to sound like a victim. I don't feel like a victim at all," replied Robertson of Chevron, saying that he was proud of his company's investments in future supply.
Sen. Richard Durbin, D-Ill, accused the corporate executives of ignoring the plight of people suffering because of high energy prices. "Where is your corporate conscience?" he asked them.
"The issue is simple," said Leahy. "People we represent are hurting, the companies you represent are profiting."
ADVERTISEMENT
Patrick Leahy, D-Vt., told the executives there's "a disconnect" between normal supply and demand and the skyrocketing price of oil — surpassing $130 a barrel even as the oil leaders testified — that the industry has yet to explain.
J. Stephen Simon, executive vice president of Exxon Mobil Corp., said profits have been huge "in absolute terms" but must be viewed in the context of the massive scale of the industry." He also said high earnings are needed "in the current up cycle" to pay for investments in the long term when profits will be down.
"'Current up cycle,' that's a nice term," replied Leahy with sarcasm, "when people can't afford to go to work" because gasoline is costing close to $4 a gallon.
He asked Simon what his total compensation was at Exxon, a company that made $40 billion last year. Simon replied it was $12.5 million annually.
Two other executives, John Lowe, executive vice president of ConocoPhillips Co., said he didn't recall his total compensations as did Peter Robertson, vice chairman of Chevron Corp. John Hofmeister, president of Shell Oil Co., said his was "about $2.2 million" but was not among the top five salaries at his company's international parent. Robert Malone, chairman of BP America Inc., put his compensation at "in excess of $2 million."
Sen. Arlen Specter, R-Pa., said Exxon's annual profits increased from $11.5 billion to $40.6 billion in the past five years and there was no explanation for "why profits have gone up so high when the consumer is suffering so much."
The five companies earned $36 billion in the first quarter of this year.
The executives, appearing under oath before the Senate Judiciary Committee, said they know high prices are hurting people, but they said the cause is not company profits but global supply and demand. And they sought to use their appearance before Congress to argue against new taxes on their industry
"I urge you to resist these punitive policies," said Hofmeister.
Senate Democrats recently announced an energy package that would tax "windfall" profits of the five companies. That might have public appeal, Lowe told the senators, but oil companies should not be viewed as "a scapegoat" for high prices.
That was not what many senators wanted to hear.
You have "just a litany of complaints that you're all just hapless victims of a system," Sen. Dianne Feinstein, D-Calif., told the executives. "Yet you rack up record profits ... quarter after quarter after quarter."
"I'm sorry to sound like a victim. I don't feel like a victim at all," replied Robertson of Chevron, saying that he was proud of his company's investments in future supply.
Sen. Richard Durbin, D-Ill, accused the corporate executives of ignoring the plight of people suffering because of high energy prices. "Where is your corporate conscience?" he asked them.
"The issue is simple," said Leahy. "People we represent are hurting, the companies you represent are profiting."
