Oil..... Why wont anyone address this????

[bakergeol]

Beg your pardon!!!!!!!!!

you are looking the wrong direction...

Guvment!!!!!!!!!!!!!!!!! nobama stopped drilling in the gulf for ONE accident

EPA is stopping fracking...... (look it up!!!!!)

Most of the Permian basin is being stopped by no less than the endangered species act!

Guvmment, guvment, guvment....

Nobama promised higher gas prices before he was elected, but YOU voted for him!

BTW. research helps destroy the myths of socialism........ and the internet, NOT CNN or MSMBC.......

olroy!

This is all correct. In fact Steven Chu, Obama's secretary of energy told the Wall Street Journal in December 2008 that "Somehow we have to figure out how to boost the price of gasoline to the levels of Europe". Gasoline in Europe is $10 a gallon. This of course gives a boost to Obama's green energy goals.
Right now it is a political blame game for high gas prices. During the Bush years the liberal media was all over the Bush/Big Oil conspiracy regarding high gas prices. Well today you don't heard the liberal media blaming Obama in Obama/Big Oil conspiracy theories. It is just evil Big Bad oil companies. The media just does not Obama to be blamed. Obama of course wanted "investigations for oil speculation"(Like that hasn't been done to death over many decades) but heaven forbid that he would be actuallyBLAMED for high gasoline prices.
The real big issue is Obama's attack on evil fossil fuel energy. Olroy's post above show some of his attacks on this nations energy producers. It doesn't make any difference how many incredible new oil finds are made in this country because they will probably never be developed. Obama's environmental Big Green base will never permit it. Environmental indoctrination has been going in this country for over 40 years and the general public has bought this hook line and sinker.

Big green should be subject to our wrath not Big Oil.
( If you don't believe in the last sentence- perhaps you should be talking to some
gold dredgers in California.)
George

 

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[Dave44]

Ol Roy and Bakergeol have hit this dilemma square on the head!. And of course Smee makes some incredible sense too. But the answer is not to demonize companies for making a profit!!
Demonize the government that wants to stop profit by closing down industry with all these regulations. The end game of course is to make us dependent on the charity of our dear elected leaders!!! But at what cost!?!

Once we are dependent enough,, everything you do has to be approved by a gov. committee you WILL work where they say to work. You WILL buy what they say to buy. Sound familiar? It should. History has shown this time and time again! Sick that day, too bad for you,, the "complete lives theory" says you are now a liability and must be erradicated! Bye the way, look up the complete lives theory.

 

[Michigan Badger]

America is still the greatest country in the world but we're fast losing what our forefathers paid for with their blood. Greed and love of leisure is killing us just as it did Rome. There was a time when the worthless lazy slugs were the minority in our land. Today we're talking about 50%+.

Lots of people today are concerned about jobs. But what is never mentioned is that a large percentage of Americans today won't work. I have seen this myself from the inside. This is one main reason we're seeing so many jobs leave the country. Many companies can't find competent laborers here in this country. Let my reader think a moment about what you see each day at work. You work hard but how many in your place of employment are dead-beats? In countries outside the U.S. they have very interesting ways of dealing with these people. But here with all our laws to protect the lazy they continue on and people like you have to cover for them. This drives up costs and forces many companies to leave the U.S. in order to survive. You won't read or hear this from the media because today the loafers are shielded by "discrimination" laws. Granted all races are guilty, but how can one race be ignored while others are exposed? Therefore all are ignored and the problem escalates.

Since we no long wish to work, we hired Taiwan, Japan, and now China, to do our work for us. Meanwhile we sit on our butts and play with our toys. But while we get fatter and fatter our enemies grow stronger and stronger. Like Japan prior to WWII, we're funding our enemies so one day they'll have the chance to bring us down.

The oil price thing is simply the wealthy getting as much from this generation as they can, while they can. The America of the future will be of an entirely different ethic structure than it is today. Many believe (and I agree) the Arab peoples (not China) will eventually hold the upper hand politically in this country. Some have claimed that demographically this is already guaranteed (one can find videos online to this affect). I think we already see this clearly in the politics and certain highly controversial building events in our country today.

Is there hope for America? Personally I don't think so. I think we've already gone too far. My grandchildren and great grandchildren will know a very different America than the one I knew.

 

[Silver Surfer]

we may have trillions of gallons or it could even be quadrillions, it won't make a damn bit of difference, because you can't force a company to sell their product if the don't want to.
why would any company want to flood the market with their product, just to see the price go down.
DeBeers fixed their problem with diamonds, they bought out all their competitors to control the market. now don't you think big oil does the same?
big oil companies that pump and refine their own
sunoco
citgo
conoco
phillips
bp
amoco
marathon
I'd say those are some pretty big companies
41% of US oil is pumped, refined, and sold in the US
58% of "our" oil comes from other countries in this order according to amount
canada 9%
Saudi Arabia 8%
Venezuela 8%
Mexico 7%

Where did you get your numbers Sniffer?? A buddy of mine from Canada told me that the US gets close to 20% of our oil from them... Not that he necessarily knows what he's talking about, but I seem to remember numbers close to his quoted on different news shows from time to time also... In fact, I have said for years that "Those evil Saudi's" quotes we hear ALL the time (and 99% of the people believe it) is flat out wrong, we dont depend on ANY middle east country for a majority of our oil...
Then to address the other problem I have with your (and so many others) opinions on oil companies and how/who they sell to..
Oil is the bloodline of our way of life, diamonds or Ipads are not... The big oil companies make about 8% (at best) profit on their product, and although it seems they keep breaking records as far as profits, just to make clear, Apple makes 40% profit on their products.. So is Apple gouging consumers?? Maybe, but their product is not necessary for the continued well-being of our country, oil is.. If you look at countries that have "State Oil", such as Venezuela, Brazil, and others, they don't pay NEAR what we do for gasoline.. I guess it is due to it's "non profit" kind of structure, since the Govt "owns" it...
Lastly, I know (currently two buddies) and have known several others working Alaska oil, and according to them, nearly all of Alaska oil goes to the Orient (Japan mostly) since they can make more on it. If, and I do believe this is true, that is the case, there should be a law that forces those companies to sell to US buyers only. They pay squat as far as "royalties" are concerned, drill on public land, etc., so it should STAY HERE...

And Obama should be considered a TRAITOR for cutting off oil exploration in OUR waters, yet sneaks off to Brazil and signs a contract with them allowing THEM to go into OUR waters, drill the oil wells, and then SELL IT BACK TO US? Not sure if they even have to sell exclusively to us or not, but they sure as hell should..

Sorry for the long post.. A lot of great opinions here..

 

[Frankn]

Silver Surfer, almost looks like an expanded echo of my post #5 Frank

 

[sniffer]

silver here where I found the info I stated. I didn't make it up or fabricate it in any way
http://www.pbs.org/frontlineworld/stories/colombia/images/map.swf
just to let you know the Major owner of the alaska pipeline, is BP, that's right British Petroleum, they own approximately 47%, conoco/phillips owns 29% and exxon owns 20%, the rest is owned by smaller companies. here are some more numbers for you
http://blog.energytomorrow.org/2011...arnings.html?gclid=CMP37I7k_6gCFape7AodvRnqSg
at the numbers found here. the US consumes approx. 143 BILLION gallons of gas per year. according to the Energy Commission, big oil makes about 7% profit. now consider that gas here is 3.65 per gallon, 7% of that is 26 cpg, multiply that by the gas sold in the US per year and you come with approx. 37 BILLION dollars in PROFIT. now, I'll never say a company isn't allowed to make a profit, they have to, to stay in business, but when you're intentionally manipulating prices, that just theft. and if you think they don't, when oil goes up, so does gas, almost immediately, when oil goes down, it takes a week to ten days to see the slide down to where it was before oil went up. try to deny that one

 

[21stTNCav]

silver here where I found the info I stated. I didn't make it up or fabricate it in any way
http://www.pbs.org/frontlineworld/stories/colombia/images/map.swf
just to let you know the Major owner of the alaska pipeline, is BP, that's right British Petroleum, they own approximately 47%, conoco/phillips owns 29% and exxon owns 20%, the rest is owned by smaller companies. here are some more numbers for you
http://blog.energytomorrow.org/2011...arnings.html?gclid=CMP37I7k_6gCFape7AodvRnqSg
at the numbers found here. the US consumes approx. 143 BILLION gallons of gas per year. according to the Energy Commission, big oil makes about 7% profit. now consider that gas here is 3.65 per gallon, 7% of that is 26 cpg, multiply that by the gas sold in the US per year and you come with approx. 37 BILLION dollars in PROFIT. now, I'll never say a company isn't allowed to make a profit, they have to, to stay in business, but when you're intentionally manipulating prices, that just theft. and if you think they don't, when oil goes up, so does gas, almost immediately, when oil goes down, it takes a week to ten days to see the slide down to where it was before oil went up. try to deny that one

Gas here $3.73 per gallon. Price of oil $95 a barrel. Price of gas here May 2, 2011 was $3.89. Price of oil at the same time was $107 a barrel. Price decline in gas price: 4.2%. Price decline over the same period in the price of oil per barrel: 11.2%.

As far as I am concerned that is proof positive for what sniffer is saying. Now if you want too I could give you the figures for the April 10Th price in Gas vs the Oil price for April 9Th but I guarantee the price of gas will jump the day after the rise in oil in proportion to that rise in oil. You just holler back if you want that comparsion.

Think about it, the price in Gas goes UP within 24 hours of an oil price increase in proportion. When Oil goes down the price of gas comes down by only about 1/3rd of how much it should to be in proportion. If 4.2% equated to a 15 cent price decrease when it should have been a 11.2% decrease then the amount of decrease in proportion to the price of oil should have been about 40 to 45 cents. Lets make it 40 to be nice. The price of gas which is $3.73 a gallon should be $3.49!!!!!

 

[Goodyguy]

The price at the pump also goes up at the mere threat of refining production reduction or disruption due to an approaching hurricane or flood or other disaster. And when it doesn't happen, do we get a rebate? Not no, but Hell NO !

GG~

 

[olroy70]

And drilling in the gulf is banned by the prez.
Fracking is banned by the EPA
Permium basin is stopped by the Endangered species.

Only thing in common is BIG Guvment

Socialism at work, folks. blaming big oil is something that you get from listening to CNN and MSMBC!!!!!

Get real!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Last time the gas went to this price is was Bush's fault.... no a peep out of the media now!!!!

you are gonna have to think, or we will have gas at $10 like Europe. (What YOUR prez promised, tho!)

 

[Dano Sverige]

When the price of a barrel of oil goes up it goes up immediately for the oil companies, so any orders they make as of then are charged at the new price.
In 3 months time when that barrel has been shipped and turned into gas the price may have dropped, but the company has still paid the initial price for it. The prices at the pump may have needed to come back down by then, but it still needs to be paid for at cost...so the companies charge us the new price for future orders straight away to ensure they get their money back.

 

[olroy70]

Dano!!!!!!!!!!!!!!!!!!

Wow! Lot of spaces because I passed out! Very well said!!!!!!!!!!!!

 

[sniffer]

sounds like a bunch of bookies, no matter what happens they make money, and we lose.
Big time.

 

[diggummup]

At the risk of having my comments deleted (as they usually are in topics of this nature since the demise of "The Pub"), I will just say that I think that oleroy70 and Bakergeol said it best and with them I stand firm.

 

[21stTNCav]

When the price of a barrel of oil goes up it goes up immediately for the oil companies, so any orders they make as of then are charged at the new price.
In 3 months time when that barrel has been shipped and turned into gas the price may have dropped, but the company has still paid the initial price for it. The prices at the pump may have needed to come back down by then, but it still needs to be paid for at cost...so the companies charge us the new price for future orders straight away to ensure they get their money back.

Dano amigo, it sounds good, but unfortunately it is full blown BS.
When the price of a barrel of oil goes DOWNit goes down IMMEDIATLY for the oil companies, so any orders they make as of then ARE CHARGED AT THE OLD PRICE!!!!
In 3 months when that barrel has been shipped and turned into gas the price may have risen, but the company has still paid less for it and will charge you just like they just bought it...............

Do you see what I am getting at here. Your explanation cuts both ways. It is like a poop cake covered in cream cheese Icing. Ohhh it looks good on the outside but cut into it an it is not nearly as nice.
Your explanation does not explain what is being talked about here. If it accurate then when oil went up your gas would go down!!!! Sorry Dano, does not compute!!

 

[ivan salis]

in big oil --like casino gambling -- the "fix" is in so long as you play --the house wins -- they have got the game "rigged" from the get go --- just like casino gambling theres a "house %' -- if crude oil goes up then gas prices go up right away to reflect "increased cost" (within 24 hours)-- however if crude oil prices go down , refined gas prices go down by only about 1/3rd as much --as if they would have went up had the crude oil went up by that much. (and the prices drop much more slowly- than they go up)

when mom and pop stores that sell gas -- get gas * they have to pay a gas company's the "spot" contract price --whatever the current price of "replacing" the gas their getting from the oil company with "new" crude oil to refine to have future "on hand" product for future delivery PLUS a profiet margin % to the supplier (the company's profiets) * --a large part of the cost of a gallon of gas is the various taxes imposed in each gallon. --taxes are often the single largest factor in a gallon of gas's price.

when prices go down --it takes time for the cheaper oil to be shipped from the middle east and processed into cheaper cost gas to "hit the market" *(so you will not get that cheaper oil in your gas tanks for about 30 days )--- however --if prices go up --the oil companys must pay for the higher cost of the crude oil being shipped for refinement right away -- so they up the price at the pump right away to cover the "crude oil" cost differance between "older crude oil cost " now being sold currently sold as gas and the new crude cost price to be made into "future" gas (so as to not tie up any of their "profiets" in the shipment and refining process) --thus covering the replacement cost of buying crude oil that must then be shipped from the middle east and refined (this can take a month or so )--off of the customers back. --in effect --which the way things are done---your floating the gas companys a month long instant at the pump "cash loan" to cover their "operating expense" --of buying ,moving and refining their "product" --for future use. --making it where they tie up your money so as to not "tie up" their profiets in running their bussiness.

what I find quite odd is how low sulpher desial * the least "refined" thus easist to make fuel --is costing the same (or more) as 93 or "high test fuel" --the most refined product --that is quite odd indeed.

 

[TheHarleyMan2]

Well here is my belief and knowledge on how everyone can get the fuel prices to go down, but also what I am going to say may tick some people off. I am sure most of us gotten a chain letter in an e-mail not to do business with Exxon, etc, for a day.

Well here is what I got to say:

If anyone here does any business with Exxon, Mobile, Chevron, Shell, Conoco or any other major oil company to even including just going in and buying sodas, candy, smokes, etc, YOU ARE PART OF THE FUEL PRICE PROBLEM and DON'T HAVE A RIGHT TO GRIPE about the fuel prices if you are doing business with these companies!!!!

There are a couple to a few companies who produce fuel in the U.S.. It may be a little lower grade in octane and generally a few cents to almost a nickle cheaper per gallon, some cases almost a dime, but if everyone quit doing business with these major oil companies they would try and find out why and maybe they would BELIEVE and REALIZE it is because of their fuel prices!!!! That is HOW YOU BOYCOT them, for YOUR ENTIRE LIFE, cut up all their credit cards, etc, and mail it back to them!

Here are the oil companies that produce fuel in the U.S.

Murphy's, Produce their fuel in Arkansas, I ACTUALLY get better fuel mileage with my diesel than any other oil company I ever used, and it is always cheaper by the gallon!

Valero, ONLY BUYS OIL DIRECTLY FROM OIL RIGS OWNED BY AMERICANS! RESEARCH IT.

 

[diggummup]

I think the operative word here is congruent. Which the crude prices versus pump prices are not. 3 months from crude to pump doesn't matter. The fundamentals of supply and demand have been tossed aside. Economics 101? It no longer exists and oil prices are being manipulated, that's the plain and simple truth. What can we do? ABSOLUTELY NOTHING! Writing to "those in charge" won't help. Not buying gas or boycotting for a day won't help. Petitions won't help. Nothing you or I can do will ever help. Those in charge don't live in the real world and could care less if gas was $10 a gallon. It wouldn't hurt their pocket a bit. The average joe citizen is a farm animal to be herded and led around at will. I may sound a little radical and my words may be exaggerated to an extent, but in the long run what I say is true. The sad part is , it is't gonna get any better, ever.


In the words of Private James Frazer -" We're doomed we're all doomed".

 

[spartacus53]

Maybe your voices were heard, I heard rumor that fuel prices would drop 50 cents per gallon over the Memorial Day Weekend.

 

[Goodyguy]

TheHarleyMan makes a good point!

If everyone quit buying from the big oil companies they would soon have to drop prices.

Problem is, you cant get everyone to buy only from the American oil companies, and even if they did they would run out of supply in no time and the boycott of the big oil companies would still fail.

You cant even get everyone to buy gas at the cheapest station.
I am continually amazed when I see people buying gasoline at a station across the street from one that is 10 cents cheaper a gallon.

Diggummup is right, we're screwed and seems there is nothing we can do about it!
I blame 0bummer for not getting this problem solved, after all, he's the community organizer of America.

GG~

 

[pat-tekker-cat]

It sounds like we need to call in someone like Gen. R. Honore. get this mess straightened out!

In fact, unless ya'll gotta a better candidate, I'd like to see him nominated for president, perhaps, with Ted Nugent as his running partner.

They cain't do no worse, than the present administration, imo.

I can't believe ya'll haven't figured this mess out, with all this talk about it!