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[Talon]

It makes me laugh everytime the news reports why the cost of gas has to go up! The bottom line is greed!!!!!!

 

High prices for crude oil, gasoline and natural gas helped Exxon Mobil Corp. to its highest-ever quarterly profit, $9.92 billion, up 75 percent from the third quarter last year, the company said yesterday.

Profit in the third quarter at the world's largest publicly traded oil company set an industry record, and its sales of $100.72 billion were the highest in a quarter by U.S. company, according to Standard & Poor's.

http://www.washingtonpost.com/wp-dyn/content/article/2005/10/27/AR2005102700449.html

They topped their 2006 record profits that set a national record!!!

http://money.cnn.com/2006/01/30/news/companies/exxon_earns/

[Boatman]

It makes me laugh everytime the news reports why the cost of gas has to go up! The bottom line is greed!!!!!!

 



They topped their 2006 record profits that set a national record!!!

Greed-that's what I believe too.  It's funny how gas can go UP 30 cents in 1 pop, but takes SEVERAL weeks to go down 30 cents.

[Talon]

Greed-that's what I believe too.  It's funny how gas can go UP 30 cents in 1 pop, but takes SEVERAL weeks to go down 30 cents.

Well if you watch the price go up a bunch then they drop it back down, but not as low as they were before they raised it, they just keep creeping it up like that. Then they give reasoning for why they had to raise the price, and a lot of the increases take place at the busiest travel times of the year. It's all a bunch of B.S! 

[grc]

Dirtiest word I know: Speculators.  

Fortunes are made by folks who wouldn't know a barrel of crude if it fell on them, just sitting at a computer or standing on a trading floor while playing games with other folks lives.  I've always loved how the analysts try to come up with a rationale for the huge blips by grasping at any semiplausible current event as the reason for the price increase (ie. the Iranians pissed in G.W.'s Cheerios, so the price of oil increased).  If there isn't a valid threat that could hurt supplies, they'll invent something.

Get used to it folks, in the modern era manipulation of markets is one of the top methods of attaining wealth, and it's very easy with globalization and computerization for the unscrupulous to screw the rest of us.

Jerry

[Talon]

I'm gonna buy a Dodge 2500 diesel and convert it to fill up at Taco Bell and KFC!!! Bio diesel!! 

But I'll be hungry all day smelling fried foods!

[RedDevil]

It makes me laugh everytime the news reports why the cost of gas has to go up! The bottom line is greed!!!!!!

I hear what you're saying, except it doesn't make me laugh...It makes me see "red".  It's all big oil creating a hoax.  Can someone explain to me why diesel, which costs half as much to produce as regular unleaded, costs more than unleaded premium?   And you noticed that they said get ready, conveniently, for a huge spike in gas prices by Memorial Day, (surprise, surprise), because they have to shift over to producing "summer" gasoline again and the alkylid additive that they add now, instead of MTBE, is supposedly "like gold", (very expensive and hard to find).  This is the rationale for probably $4.00/gal unleaded in the major urban areas this summer.  Like another post stated, all they need is for someone to fart, and that's a reason to raise prices, and the big oil just laughs all the way to the bank.  

   

[Talon]

I hear what you're saying, except it doesn't make me laugh...It makes me see "red".  It's all big oil creating a hoax.  Can someone explain to me why diesel, which costs half as much to produce as regular unleaded, costs more than unleaded premium?   And you noticed that they said get ready, conveniently, for a huge spike in gas prices by Memorial Day, (surprise, surprise), because they have to shift over to producing "summer" gasoline again and the alkylid additive that they add now, instead of MTBE, is supposedly "like gold", (very expensive and hard to find).  This is the rationale for probably $4.00/gal unleaded in the major urban areas this summer.  Like another post stated, all they need is for someone to fart, and that's a reason to raise prices, and the big oil just laughs all the way to the bank.  

   

They say that the average price by summer will be around $3.40, baring any other issues! Not positive, but I think MTBE is more for pollution than anything else. I wonder how much of those billions are finding their way into our Representatives pockets!! If we can put vehicles on mars and the moon, I'm sure that there could have been great strides made to either find alternate fuels, or at least get true 80 mpg vehicles that don't look like a skateboard!

[RedDevil]

They say that the average price by summer will be around $3.40, baring any other issues! Not positive, but I think MTBE is more for pollution than anything else. I wonder how much of those billions are finding their way into our Representatives pockets!! If we can put vehicles on mars and the moon, I'm sure that there could have been great strides made to either find alternate fuels, or at least get true 80 mpg vehicles that don't look like a skateboard!

Yep, MTBE is to help curb pollution when the weather is hotter.  But they found out that MTBE was supposedly leaching into the water supplies and they stopped using it.  This new stuff, apparently doesn't affect the water tables if it leaches in. 

   

[iski]

Supply vs demand is one cause of price fluctuation.

When we decided, as a nation, to elect politicians who voted to refuse to allow drilling & exploration for petrochemicals, we got whopping price increases from the FOREIGN oil sources who are charging what the market will bear.

Complaining about it & whining does nothing but place blame in convenient places other than where it belongs.,  Stop buying gas, and they would get the message.  Prices would drop.  Not suggesting that for me, since I intend to keep buying gas. 

Or we could vote for politicians who would ALLOW drilling/exploration instead.......

[GC_Super]

Was just reading the newspaper today talking about "liquid gold' and how the prices are going to skyrocket this spring. Just my luck. We just bought a gasoling motorhome that gets 6 mpg so we could take a couple of family trips this year. I'm also the guy that bought a diesel truck in 05 cause the mileage was better and diesel was lots cheaper. DUH. Diesel prices went up right after I bought it and haven't come down yet. I love buying high and selling low. 

[Midnight Rider]

Improving the fuel efficiency standards of automobiles by one-and-a-half miles a gallon would save as much oil as would come from the artic wildlife refuge.

[Hoist!]

Improving the fuel efficiency standards of automobiles by one-and-a-half miles a gallon would save as much oil as would come from the artic wildlife refuge.

For now!

Hoist!

[iski]

If ALL the people who oppose drilling in the ANWAR would stop using petrochemicals - we could delay drilling there for a few more years.

If we rode cows & horses & pigs & rubber band powered wombats instead of cars & motorcycles, it could be delayed indefinitely.

I like this "if" stuff since alternate realities used to be a hobby of mine.  Not anymore though....

[sefatboyscott]

I think that bikers should get a 3500 dollar tax deduction if they can prove the motorcycle is their primary transport, my bike puts out less emmissions and gets as good if not better mileage than a hybrid, where is my deduction?

[grc]

Supply vs demand is one cause of price fluctuation.

When we decided, as a nation, to elect politicians who voted to refuse to allow drilling & exploration for petrochemicals, we got whopping price increases from the FOREIGN oil sources who are charging what the market will bear.

Complaining about it & whining does nothing but place blame in convenient places other than where it belongs.,  Stop buying gas, and they would get the message.  Prices would drop.  Not suggesting that for me, since I intend to keep buying gas. 

Or we could vote for politicians who would ALLOW drilling/exploration instead.......

In this age of "globalization", there really isn't much differentiation between "domestic" and "foreign" oil.  The oil companies aren't loyal to one particular country, they are loyal only to themselves and their bottom line.  Prices are set by the world market, no matter where the oil originates, and we as a country are no longer in the catbird seat.  China, India, and other emerging economies with huge populations are bidding up prices, and reduced consumption in the USA no longer has the major and immediate affect on prices that it once did.  It's a brave new world and we need to get used to the new realities, suck it up, and move on.  And BTW, if you compare the increase in the price of gasoline over the past 50 years with the increases for everything else in the family budget over that same time, you will find that you aren't getting such a bad deal even at $3.50 per gallon.  Everything is relative.

Perhaps if the oil industry didn't have such a lousy record we could convince our representatives in government to support exploration and drilling in sensitive areas, either in the ANWAR or a potentially even better source along our vast coastlines.  Unfortunately, as recently proved by the BP fiasco's in Alaska and Texas, when it comes to protecting the environment or the safety of employees and the surrounding community, they cannot be trusted and our government has no backbone for the rigid regulations and enforcement that would be necessary to reduce the risks to acceptable levels. 

Think of it this way, by holding the deposits along the coastlines and in the ANWAR in reserve, we are helping to use up the reserves of our "friends" in the middle east more quickly.  Once they suck theirs dry and lose the seemingly endless supply of cash that they use to support our enemies, perhaps our government can start worrying about domestic issues rather than interfering in conflicts that date back to the beginnings of so-called civilization.  (In other words, let the sand monkeys kill each other off like they've done throughout history.)

Jerry