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

[Silver Surfer]

You all have heard the constant rhetoric lately about the price of crude and the price of gas..
They ALWAYS say in the end that no gouging is taking place, that the futures market and speculation drives up the price of oil, and thusly the price of gas rises accordingly...
We all know, and they talk openly in the media, how the day crude shoots up, gas immediately goes up the next day. But then when it drops like a rock, and gas prices continue to climb or hold steady, everyone in the media states that that "it takes time, usually around 30 days, for the change in crude prices to reflect in a drop in gas prices".
Why do NONE of them say "isn't it funny that crude prices rose $XX/barrel this week, and gasoline prices rose $XX/gallon the same week, but when it drops from $140/barrel to $109/barrel and gasoline doesnt start dropping the next day, Oil Analysts will say it will take 30 days for the gas prices to drop due to crude that was already bought at the higher price?"

In my completely insane way of thinking, if gas prices rise tomorrow due to an increase in oil prices today, then it should also drop the day after crude drops.... But no one EVER says that.... There has got to be at least a few out there as insane as I am?!

 

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[mlayers]

Yes I agree with you. If the price of oil drops today I also agree that the price of gas should drop the next day. I also believe they gouge on the gas price. I can drive 60 miles east of me and the gas will be .25 lower then what it is around me. I can go south 10 miles and the gas will be .10 cents cheaper then what it is in my town. I do not believe it costs that much to delivery gas to my town......Matt

 

[Silver Surfer]

That MAY have to do with city and/or county taxes?
I also see the same thing... I can buy gas in Sebring for $3.74/gal, but drive a couple miles north, and at the outskirts of Avon Park, the same station will sell it for $3.64/gal..... Same county, and actually closer to the gas source, so why the difference I can only guess it must be due to a city excise tax that is not imposed in Avon Park, but I dont know for sure and no one seems to know that answer... I guess I could try to contact the owner of that particular Gate store and ask.... But youre right, it is downright crazy..

 

[Smee]

The problem is that a camel jockey farted in Saudi Arabia, which means that the price of gas cannot come down regardless of how much oil comes down until the smell goes away. It's called insurance.

Makes as much sense as anything else I've heard.

BTWI hope the powers that be don't find this too political.

 

[pat-tekker-cat]

We all hear it and know it. I think it's reffered to by big-oil and plain folk alike as a pipe-dream.

 

[Frankn]

lets get down to basics. It cost $5 a barrel to produce oil. Diesel is the cheapest fuel to make.
Exxon made $11 billion in the first quarter of this year, maybe they are buying up the futures price.
Only 17% of our oil comes from OPEC suppliers. Over half of our oil comes from Canada.
We produce a lot of oil in Alaska, but guess what, most of it is sold to Japan so they can get a higher price for it and get a higher price for the imported oil they sell to us.
They get billions in subsidies to drill oil and most of it is spent on drilling outside the US.
Sure we are getting the short end of the stick, but there seams to be no guts in gov. to stop them!
Frank

 

[Smee]

Sure we are getting the short end of the stick, but there seams to be no guts in gov. to stop them!
Frank

The Gooberment are complicit in the scam. "In cahoots".

 

[civil war hunter]

It's more of the big business people lining their wallets for the month..

 

[21stTNCav]

I don't know about all the sociopolitical stuff, but after watching the gasoline price shoot up overnight every time the price of a barrel of oil goes up, it is really making me mad that it is not coming down in the same manner. Possibly Eric Holder can actually earn his bloated salary that he inflates with bribes and file a class action lawsuit for us the American people. Yeah, I sorta doubt it too.

 

[Smee]

It's more of the big business people lining their wallets for the month..

They couldn't do it without the Gooberment's blessing. So, there you go.

 

[Missouri Secessionist]

In 2000, Republican Senator, Phil Gramm, authored a bill that was passed in the Republican Congress and signed by Democrat President, Bil Clinton. It's nickname is the "Enron Loophole." Before Gramm, who was later, John McCain's advisor, pushed the Enron Loophole through Congress, oil speculation in the Commodity Futures Trading Market had to be done in the US, and overseen by the Commodity Futures Trading Agency. That kept the oil speculators, and the oil companies at bay.

The Enron Loophole was a fine piece of bi-partisan legislation, in which both the globalist Republicans and the globalist Democrats teamed up to advance a globalist piece of their agenda for the New World Order.

The Enron Loophole allowed oil speculators and oil companies to go to wild west, unsupervised, unrestricted commodity trading markets in Dubai, London, and Asia where anything goes. They were able to devise schemes, derivatives that they could not have done in the US under the watchful eye of the CFTA. That is why oil prices rose incredibly high in the months prior to the Wall Street Bankers crashing the housing market in 2008.

EXXON doesn't pay the Middle East producers a cent more for a barrel of oil when the speculators artifically raise the price of oil on the Commodity Futures Trading Market. However, they are allowed to make huge profits from their schemes because they can participate in the gambling scheme.

It is the Oil Speculators and the Oil Companies who "fart", not the Middle East producers who your rudely, crudely and ignorantly called Camel Jockeys.

 

[Smee]

It is the Oil Speculators and the Oil Companies who "fart", not the Middle East producers who your rudely, crudely and --deleted--ly called Camel Jockeys.

If'n you had grey matter between your ears instead of horse hockey, you would have understood that I was basically saying that the prices are artificially inflated and any excuse they can dream up to cause an increase is good enough for them.

Yeah, I am one of the folks here who has watched every single Alex Jones videos prior to 2009. He went off the deep end a long time ago.

I don't trust anyone in finance, big business or the gooberment to be honest, to be truthful, or to look out for MY best interests.

However, you need to learn that facts outweigh fanaticism every time. Alex will tell you what you want to hear, it's just like the scriptures talk about folks gathering teachers to "tickle their ears", which means to "tell them what they want to hear."

I believe you understand that something is going on, but unfortunately, you are too blinded by Mr. Jones' folly to see the forest for the trees.

BTW, if'n you boys don't call the folks who race camels camel jockeys, what do you call em? Inquiring minds want to know.

 

[olroy70]

What you should do is look at things a little different!

Oil companies can only produce so much gas with the restrictions in refineries. California has something like 28 different blends they can sell. Each blend increases the price. The last refinery was built in the late 70's!

Now, your guvment gets more in taxes than the 'big oil' companies make by producing that gallon!!!!!!!!
And, taxes go up with every price increase, making it more profitable to them to increase the price!

Creating a blockage of crude production helps keep the price going even higher.

What, in fact, was the ONLY accident to happen in the gulf, allowed a left wing socialist to create higher gas prices, like he said was needed! He promised it before he was elected!!!!!!

OK........ Big oil makes less that 20 cents a gallon. The taxes are on the pump, so look that over while you are watching the dollars click off while you are pumping gas.

Diesel is very cheap to produce, but the taxes on it are even higher. The higher price of it is ok with most people who cant think. Check that pump, too. And, then buy something that did NOT come on a truck!!!!! Wonder why groceries are higher every time ya go in.....


THINK<

 

[Smee]

What you should do is look at things a little different!

Oil companies can only produce so much gas with the restrictions in refineries. California has something like 28 different blends they can sell. Each blend increases the price. The last refinery was built in the late 70's!

Not exactly true . . . when you consider that most refineries worked to double and triple capacity in the 1980's and are continuing expansions even today. The number of refineries may not have increased, but the size and capacity have grown by leaps and bounds. How would a little peon like Smee know that? I worked for Brown & Root's Refinery/Oil division well into the 1980's on at least three of those projects: Mt Belview, TX -- Norco, LA --- Sunshine, LA.

You can believe the press, or research the information for yourself. B&R's Refinery division was going gangbusters when I left in the mid 80's.

Marathon's Reserve, LA refinery was started in the 1980's. It has expanded at least twice since, both times approximately doubling its capacity. So, it is 4 times the refinery it was in 1983 when it began refining in earnest.

Now, your guvment gets more in taxes than the 'big oil' companies make by producing that gallon!!!!!!!!
And, taxes go up with every price increase, making it more profitable to them to increase the price!

DEAD ON!

Creating a blockage of crude production helps keep the price going even higher.

Dead on again, even if it is a contrived phony blockage.

What, in fact, was the ONLY accident to happen in the gulf, allowed a left wing socialist to create higher gas prices, like he said was needed! He promised it before he was elected!!!!!!

Dead on again! Three in a row!!! Actually based on the information available through the press, you haven't been wrong yet.

OK........ Big oil makes less that 20 cents a gallon. The taxes are on the pump, so look that over while you are watching the dollars click off while you are pumping gas.

That's the party line, but like everything else, the numbers are being fudged.

Diesel is very cheap to produce, but the taxes on it are even higher. The higher price of it is ok with most people who cant think. Check that pump, too. And, then buy something that did NOT come on a truck!!!!! Wonder why groceries are higher every time ya go in.....


THINK<

Very well presented. If some of the disinformation the oil companies wasn't crammed down our throats by big oil and government officials who stand to get big money from the continuing rise in gasoline prices the truth would be plainer. And don't think there aren't "journalists" who stand to profit as well from the lies.

 

[dirty digger dude]

corparate greed knows no boundries

 

[olroy70]

It seems like guvment greed is more likely the culprit!!!!!

What is another 2 billion bucks to us, when Egypt's muslim brotherhood needs it so bad!

 

[George (MN)]

The name of the game is let's get away with what we can.

Another thing nobody mentions are car prototypes that can run on other oil, but they won't be produced if oil cos. own or greatly control car mfrs. A man in Japan has special permission to run a car on hemp oil. Imagine if people were allowed to grow their own fuel.

When gas goes from $2 to $4 a gallon, that's something like a couple trillion a year more to OPEC countries, where the jobs are now. Best wishes, George (MN)

 

[pat-tekker-cat]

That's why solar can't be a winner for big oil, business, etc, they can't figure out how to tax the sunlight.

 

[olroy70]

I want an electric car!!!! That way, I can pay for fuel for the electric company, and electricity!!!!!!!!

What a concept!!!!!!!!!!!!!!

Thought up by idiots!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[sniffer]

I did a little research on this. here's what I found out
major oil companies, for the most part pump and refine their own oil, which averages 5-15 dollars per barrel. a barrel of oil is 42 gallons which when refined makes 19.5 gallons of gas plus heating oil, diesel fuel and other petrol products
the federal tax on a gallon of gas is 18.4 cpg. it doesn't change with the price of gas.
states add their own taxes on gas which range from a low of 8 cpg in Alaska to a high of 52.9 cpg in Florida.
there is also costs in transportation and other small things. by my rough figuring, and I mean rough, taking it all in, it figures out to approximately a dollar per gallon to produce, plus around 10 cpg for transportation, 10-15 cpg for the station, plus another 10-15 cpg tied up in other costs. which still figures out to around 1.40 cpg. total.
gas here right now is around 3.68 p/gallon which leaves 2.28 dollars p/gallon left over.
where does that go?