Gas May Soon Cost a Sawbuck!

[Ray S ECenFL]

He TW, looks like 'Soon" is almost here.

Ray S

 

[Timberwolf]

Yes Ray, I believe it is

TW

 

[clump63]

it would take a Nationwide strike by all workers.

I don't mean by not buying gas for a day.

I Mean from going to work Until the price of gas drops
or until wages beat the costs of working.

While I was considering taking part in the last shutdown for all trucks nationwide, I reminded myself that I haul prescription drugs and thought of all the people in my five state area who's lives depend on my comming through for them, including my daughter. This sounds like a great idea in theory but, like always, the ones who would suffer are not the ones we would like to target.

 

[Smee]

 

[Timberwolf]

​

 

[rmptr]

Clump has got it figured out well!
Folks in any kind of NEED are the ones who get hurt first, and worst...

Well, I got a fourth hand head's up rumor, just yesterday afternoon.

A fellow working for a fleet oil company said they got a letter from THEIR supplier that CA gasoline would be $9.50 and diesel over $10 per gallon by October and plans should be made for that increase...

What plans? Guards with sub-machine guns on the delivery trucks? LoL

I dunno...
The info came from what should be reliable sources.

Perhaps there will be fewer pesky Trick or Treaters?

Best,
rmptr

 

[GPURS]

Looks like some of you did'nt get too far in your economics 101 class. Oil companies reap huge profits, but the profit MARGIN is around 7-8%. In other words, the gument makes about as much off of a gallon of gas as the company that did all of the work to make it. Also, these are public companies. If you think they are making so much money, then you should buy a share or two of stock. Most of you people probably own some of these companies if you are in a mutual fund of any kind. Drop the conspiracy theories, makes ya look silly. Read about and understand commodity markets, and the whole oil(high price) picture will become a little clearer.

 

[Smee]

Looks like some of you did'nt get too far in your economics 101 class. Oil companies reap huge profits, but the profit MARGIN is around 7-8%. In other words, the gument makes about as much off of a gallon of gas as the company that did all of the work to make it. Also, these are public companies. If you think they are making so much money, then you should buy a share or two of stock. Most of you people probably own some of these companies if you are in a mutual fund of any kind. Drop the conspiracy theories, makes ya look silly. Read about and understand commodity markets, and the whole oil(high price) picture will become a little clearer.

The U.S. consumes about 150 Billion gallons of gas per year(http://auto.howstuffworks.com/question417.htm).

Exxon Mobile A*L*O*N*E NETTED 46.8 Billion Dollars last year. 46.8/150 . . .

150 billion X $3.00 (we'll average out for the year previous) = $ 450 Billion taken in. Exxon Mobile profitted 10% of that TOTAL --- and I bet they only produced 1/2 - 2/3 of that total.

Nope. Excuse my math, but even if they were the ONLY company selling oil, that's a damn sight better than 7-8%, probably closer to 20%, but you can't get all the numbers exactly. Pages and data keep getting moved or changed up a lot lately.

But, unfortunately for those who consume this oil company Bovine Scatt (just never could develop a taste for it myself), there are other companies making money off of the sale of gasoline too, so the total profits were quite a bit higher.

Profit margin is much higher than you think. And as for the Government: "If they ain't happy, nobody's gonna be happy." So sure, they are getting a cut too. But, I think TW's Illustration is more fitting to the truth.

$9.50 gallon eh? See: Golden Rule (He who has the Black Gold is making the rules 8) )

 

[Ray S ECenFL]

We used to work to support the grubberment and now we support both the grubberment and the oil companies.

Ray S.

 

[MD Dog]

The gubberment is the Oil companies Ray.

 

[rmptr]

GPURS thinks conspiracy theories make you look dumb?

Well, WITHOUT going into my long diatribe...

There is far too much money on the table for things to happen without a plan.
By someone... Somebody...

It ain't you and me, so it must be THEM.

THEY got a LOT of money, a LOT of power, and CONTROL.

The ONLY way to retain all the above is with a plan.

You couldn't do it by yourself. So you MUST conspire with others.

I don't feel I'm incorrect.

But I DO feel stoopid on a regular basis.
rmptr

 

[GPURS]

GPURS thinks conspiracy theories make you look dumb?

Well, WITHOUT going into my long diatribe...

There is far too much money on the table for things to happen without a plan.
By someone... Somebody...

It ain't you and me, so it must be THEM.

THEY got a LOT of money, a LOT of power, and CONTROL.

The ONLY way to retain all the above is with a plan.

You couldn't do it by yourself. So you MUST conspire with others.

I don't feel I'm incorrect.

But I DO feel stoopid on a regular basis.
rmptr

If you have such a good, reliable tip on gas prices going to $9.50-$10 by October, sell everything you have and invest it in oil and gas futures! Get in on the conspiracy yourself and make a little of that money. Whats stopping you?? Based on your "hot tip", you could double your money by October. Good luck to you..

 

[rmptr]

You're right on that one Gspurs... nothing is stopping anyone from playing the numbers.

Just what we need, more 10%'ers out there nickel and dime'ing us to death...

But as you say, I've made a choice to try and earn my living and support my family by doing productive work that actually increases the value of things around me, and NOT only their cost.

As you could see above, I qualified my scuttlebutt that it was fourth hand.
Yet I haven't seen anything that would cause the price of fuel to go DOWN.

Have you?

I see you are into CRH...
Wasn't that a trainwreck when one of England's ministers sold off a bunch of their gold reserves when the price was low just to generate cash? His bad move cost them billions!

Best,
rmptr

 

[GPURS]

rmptr, don't get me wrong, I would love to see gas sell for under $3 per gl. That would help all of us that drive or fly. My only point is, that I see all of the negativity and how people act as helpless lab rats, when in reality we are quite free in this country to make choices, to be or act as victims, or to take control of our lives and our destiny.
Believe it or not, I do see several scenarios that would or could cause the price of a barrel of oil to drop 40% pretty quick. The most likely being the bubble in commodity trading pops. I'm sure you remember the internet bubble of the mid-late 90's, that gave us the illusion of false prosperity(made Clinton look like a hero). The real estate bubble early-mid 2000's. Well, I think this commodity bubble and oil in particular will bust in the pretty near future. Things have a way of reverting to the mean. None of us know, and only time will tell.
But one thing I know for sure, is that when oil companies were going out of business left and right, or on the verge of bankruptcy back in the 80's and early 90's (due to LOW oil prices), nobody was running around claiming conspiracy then.
Anyhow, heres to you and I both seeing lower gas prices in the near future. Gpurs....
Oh ya, if you had seen some of my silver and gold trades over the past two decades, you would understand why I would not want to be the one making those decisions for an entire nation Good luck...

 

[rmptr]

Hey GPURS,

Yes, I've got to admit I backslide to the negative and tend to dwell in the gloom & doom.
It's NOT my nature, though.

I tend to think it occurs when I'm forced to open my eyes and consider what's really going on around me.

Years ago I DID work in the oilfields, doing well maintenance, and recall when there was no new drilling because price per barrel would not support associated costs.

I also worked as a roustabout shortly after the 'oil shortage' when they rationed us at the pumps and odd & even days depending on your car license plate. THAT job, after they got the price increase they wanted, was going around to all the operating pumps in a number of different fields and increasing production of the wells.
All the wells had been cut back, and were by then in danger of waxing up because production flow was so little.
(I did this personally and know it to be true. Firsthand info.)

ALL the storage facilities in the oilfields were maxed out, full up!
(I lived in an oilfield town, it was common knowledge.)
They had no more place to store the oil they were NOT selling.
Producers were renting closed gas stations and storing oil in the tanks.
Friend of a friend drove a tanker that dumped oil in desert areas to get rid of it.

Unlike any time in the past, I strongly feel the world scenario TODAY is significantly different than that of any time in history, for any number of reasons.

I've got a project to attend to now, but I'll be back...

GPURS, I'm very interested in your thoughts on the commodity markets... if you have keyboard time available!

HH
rmptr

 

[wazonme]

Looks like some of you did'nt get too far in your economics 101 class. Oil companies reap huge profits, but the profit MARGIN is around 7-8%. In other words, the gument makes about as much off of a gallon of gas as the company that did all of the work to make it. Also, these are public companies. If you think they are making so much money, then you should buy a share or two of stock. Most of you people probably own some of these companies if you are in a mutual fund of any kind. Drop the conspiracy theories, makes ya look silly. Read about and understand commodity markets, and the whole oil(high price) picture will become a little clearer.

You don't need an education in economics to know that when gas prices are shooting through the roof someone at the top or someones are reaping the benefits and that's my 411.

 

[MD Dog]

Gee rmptr, why not speak your mind and tell GPURs he's a troll and if he doesn't agree with the thread he's free to move on instead of jumping into the conversation with an insult to everyone about our supposed conspiracy theories. If He doesn't believe that's fine but he can keep his insults to himself or face the Mods. The truth is that all that's left for most people is the gloom and doom if your paying twice what you were at the pumps what you were two years ago. Allot of people don't have the resources to invest in stocks and bonds. I have 22 employees who count on me for a paycheck every two weeks and I can tell you they are struggling. I'm sure there are those who would say pay them more but I'm stretched as thin as I can be. I myself am currently working at a loss in order to continue to employ as many as possible. But I can only forstall for so long. Their is more to this sudden increase in fuel costs than is immediately available in the common press. It doesn't just all of a sudden become a crisis it has to have been happening for awhile in which case the rise would have been more gradual. This isn't all about the investors either because they have been around for as long as there has been oil. So what is it that has led to this sudden explosion of cost that is so out of line with the consumer price index ? The last time the Markets have seen anything like this was when the Hurst brothers tried to corner the Silver market. It's easy to be flipint and just say invest, which would work for a very small percentage of us, but I care about my freinds who haven't the money to invest, but are just on the bubble trying to hold onto their houses.

For those who don't believe that there is some thing going on I nor we nor any of us, may never prove it but something is up and it will sooner or later effect you and I can't wait to see you posting here for advice or help. Then I hope you can get advice or help that you'll need, from what is written here, but if not then you'll have noone to thank but yourself.

 

[Michigan Badger]

This has to happen to bring us to the next level in general transportation.

The days of using precious petroleum resources to fuel the ordinary family car are coming to an end.

Prices will rise and dip--rise and dip--rise and dip, etc., till the cost is no longer practical and a new fuel source becomes imperative for survival.

Don't panic we're getting ready to see those new vehicles roll off the assembly lines.

What will they run on? That's the question.

 

[bakergeol]

Looks like some of you did'nt get too far in your economics 101 class. Oil companies reap huge profits, but the profit MARGIN is around 7-8%. In other words, the gument makes about as much off of a gallon of gas as the company that did all of the work to make it. Also, these are public companies. If you think they are making so much money, then you should buy a share or two of stock. Most of you people probably own some of these companies if you are in a mutual fund of any kind. Drop the conspiracy theories, makes ya look silly. Read about and understand commodity markets, and the whole oil(high price) picture will become a little clearer.

GPURS
I had to chuckle a bit about all the flak you have taken. One of the reasons I abandoned this thread as it is indeed a waste of time. GPURS is of course correct but don't let the facts get in the way of a good conspiracy thread. Just accuse him of being a troll and move along with the conspiracy theories. You are moving down the highway with your 15mpg gas guzzler and see some oil well pump jacks not working. AH HA- Those rascal oil companies are trying to limit production and jack up prices. You can provide all the facts and evidence you want but they are not going to be moved from their beliefs.

Sort of like joining a dowsing thread and arguing with the proponents of dowsing. Just a waste of time.

Cheers
George

 

[GPURS]

George, I'm right behind ya on the way out! I thought some of these people were kidding around when I first read this thread, but I think they are serious ! Oh mddog, it was the "Hunt" brothers that tried to corner the silver market. I believe the "Hurst" brothers tried to corner the media market .... Good luck..