Or the last one dinner mint from Monty Python's Meaning of Life.
Posted on 03/12/2008 1:19:03 PM PDT by maquiladora
I think it’s not that simple to incease supply, we have a large stockpile now and prices are still high. So that John Birch society drvel about the angelic oil companies are just hamstrung is crappola. Mosy of you buy that line about the 10% profits, it’s creative accounting. The oil companies are demostrable souless money grubbing whores, it’s not even debatable. We need active anti-trust investigations, cut the gas taxes and watch the price of oil fall out. Driling in ANWAR, please you guys buy that pie in the sky sh*t. We need to cut back and stake their multi national as*es, let them drink the oil in Mexico, Venz and Saudi Arabia. Take in active effort in destroying the Chinese and India economies, freaking job destoying locust parasites ayway.
Democrats/liberals in Congress has investigated the oil companies many times and they have found nothing.
Exxon did make 10% profit on sales.
The government made a higher percentage on each gallon of gas sold by taxing each gallon sold. The government didn’t drill for one drop of that oil or do anything but they made a huge profit.
Exxon spent billions researching and developing those oil platforms to drill in the deep ocean. Can you , democrats or the government do that? Never.
It’s democrats/liberal/socialists who have stopped the building of 130 out of 150 coal plants, refineries, nuke plants, drilling in ANWR , drilling for oil, coal mining etc. that have cause the high price of oil.
Are you are liberal?
Democrats/liberals in Congress has investigated the oil companies many times and they have found nothing.
Exxon did make 10% profit on sales. That is not excessive or a windfall profit as Democrats like Hillary Clinton say. Hillary wants to take those profits . Then Exxon won’t be able to take their own profits to pay the stockholders who have 401ks and to drill for more oil in the deep Gulf or to do more research on how to extract more oil which will drive the price up more.
The government made a higher percentage on each gallon of gas sold by taxing each gallon sold. The government didn’t drill for one drop of that oil or do anything but they made a huge profit.
Exxon spent billions researching and developing those oil platforms to drill in the deep ocean. Can you , democrats or the government do that? Never.
It’s democrats/liberal/socialists who have stopped the building of 130 out of 150 coal plants, refineries, nuke plants, drilling in ANWR , drilling for oil, coal mining etc. that have caused the high price of oil.
Are you are liberal?
Call it whatever you want. When you buy a bottle of water or a twinkie or a color TV...is the price decided by the markets? Nor should oil. It should be a simple transaction based on supply and demand. You buy it then you take possession of it. If you don’t have means to move, and a place to store 50 barrows of oil then you can’t buy it. Simple. What you people are doing is using oil as a gambling chip. You drive up the price of oil by trying to beat everyone else on the buy. You suck the money out of the pockets of the lower and middle class consumer every time they fill up there tanks. Not only there gas tanks, but the one they fill to heat there homes and keep women and children warm. You are all common thieves as far as I am concerned. Production is constant. Demand is down. The price of oil therefore must be down right? Wrong... You speculators have created virtual oil. And you control the price irregardless of supply and demand. I would love to see you go down to financial ruin. I hope that you are long in the markets with everything you have on the day they take a giant dive. I would love to see you walking the streets looking for crumbs and looking for coke cans to trade in for a nickel. I would love to see you wearing tattered and torn rags.
What John Birch drival are you talking about?
The “recession” is not bringing the price of oil down. It’s driving it up. LOL!
It is not that oil is going up in value so much. It is more that the dollar is worth so little. I understand that in euros oil has gone up something like 220% in the last five years while in dollars it is approaching 450%.
One way out of the housing crisis is to monetize consumer debt, but part of the equation is that not only prices, but wages as well, must go up for it to work.
Of course, if wages don’t go up we end up with stagflation and a general lowering of the standar of living.
>>Strictly a speculators market now. Commodities are being used as an asset class like stocks. Supply and demand is taking a back seat.<<
Doesn’t that sort of make it a pyramid scheme that will pop?
Hey, the american public seems to be taking it. You want to see it stop? A sure fire way is to SERIOUSLY change your driving habits. For me, I may start bicycle commuting a month early and make a push to do more telecommuting.
And I hit the grocery store on my way home from work.
I was going to get a Kayak and a motorcycle this year. Both are waiting until next year now.
Using a speech to writing software package?
“Gasoline stocks are at the highest level since 1993.”
And for the first time in years, nat’l use of gasoline has fallen. Still the prices continue to rise.
“This is a bubble,” he insists, “and it will burst”
Should that happen much like the dotcoms’ bubble bursting, and gas/oil prices plummet, I plan to enjoy the pain of the speculators going broke.
Think it will be raining speculators on Wall and Broad?
OPEC doesn’t know the terms supply and demand. Let’s charge the Saudis for our protection and exchange our presence to offset a disaster in Iraq for some light sweet crude because if a hurricane hits the gulf or the Chinese make enough money on the stuff we import that a billion of ‘em buy cars $200 a barrel will be conservative!
Or the last one dinner mint from Monty Python's Meaning of Life.
Both parties want it to remain it appears. All political interest in improving our energy lives has been circumvented into “bio” fuels, carbon credits and cap and trade. Clinton, McCain, Obama all on board with the financial houses backing Cap and Trade.
Outlook: gloomy.
“We may not know precisely, we Americans, what we want the next president to do about energy prices. What we shouldn’t want him—or her—to do is as plain as a gasoline pump primed to deliver at 3-bucks-plus per gallon. Some might consider getting down on hands and knees for this one: Please, oh, please, don’t try regulating us into the kind of ‘solution’ that solves nothing. A more effective, as well as becoming, alternative, especially if begging and asking nicely don’t work, would be a people’s march on the White House in opposition to making things worse by seeming to make them better. Regulation of gasoline prices doesn’t work, and, by and large, our politicians know it doesn’t work. There’s no escaping those remorseless facts. Why worry at this point about regulation of energy? The numbers on the gasoline pump tell us. Anything over $3 a gallon is bad news, unless we adjust our expectations or start riding bicycles. Then, memories of past government interventions—the price controls of the ‘70s and the lines that ensued at the gasoline pump, the ‘windfall profits’ tax on oil profits—make chillier the sensations moving up and down the spine. Regulation isn’t equivalent to ‘solution’ of anything. It’s merely what politicians—those of a certain mettle, anyway—always propose when significantly large numbers of voters are pinched and distraught. Like now.” —William Murchison
“I think .................................. and what is the “truth” which is in reality isjust Marxist propaganda from the liberal media.”
It tries real hard but doesn’t completely succeed - you and me for instance and most of the people in this forum don’t buy it.
“Bush has to kow tow to the media or they won’t give him air time”
Hardly. If that were the case, he would on more often than he is. He seems to have assumed the posture permanently.
“Republicans didn’t have a filibuster proof Congress. “
No. Thanks in part to the efforts of the current viper- nominee presumptive and his allies Hegel, Snow et al.
But the rest of the Repubs could have and should have done a far better job of arm twisting and pressuring.
“If you recall Bush and Congress tried to get drilling in ANWR passed and Democrats filibustered and stopped this.”
Yes. But it was VERY brief. His heart wasn’t in it. Either Bush is not a fighter or he had another agenda.
“So did you fall for the liberal media and Michael Savage spin or are you a Democrat.”
I have listened to Savage at times, but prefer Levin, Hannity, and Rush. But only because Liddy isn’t on anymore.
As for me being a “rat” - check my posts.
I’m an angry conservative ticked off at Bush and his failures and dumbfounded by McCain’s ability to manoever himself into a candidacy in my party after his disgraceful antics in Congress. And he hasn’t mended his ways. See the way he treated King of Iowa. The man is a total @$$ and a Democrat toady.
“The liberal media won the Drilling in ANWR propganda war and I don’t think any other indivdiual can win a propganda war with the liberal media since they have thousands of media outlets on practically all TV stations, on cable , on radio, practically all newspapers, the internet etc.”
“Be sure you’re right, then go ahead” - Davy Crockett. The BEST media outlet would be the gas pump and the escalating cost of heating oil and everything both of them impact. But the silence from the White House AND Congress on serious efforts to produce more energy is deafening.
There is no way McCain can win this. And he doesn’t deserve to.
The Rats will take over Congress and the WHite House and we will see rationing once again. The oil companies will retaliate by generating spot shortages and history will repeat itself.
I don’t trust Bush anymore. I and millions of other conservatives deserved better from him. And we certainly deserve better than that viper McCain.
I’ve read gasoline stocks are at record highs and crude is near 1993 levels. Today we had 6 million more stock of crude and 2.5 million of gasoline (even though at this time of year we usually lose 2 million in gasoline stock) and oil goes up. Go figure. Speculation in commodities is where all of the hot money is now. When it drops to 60ish, a lot of people are going to get burnt!
Oil companies operating margins are below average (8-10%). 90% of the world’s oil is owned by governments and our own government has very strict rules. Refining margin % are actually very, very low right now or gas would be $3.60+ as the national average. Don’t blame the oil companies. Blame our government, environmentalists, and all the people who still drive 10mpg huge SUVs everywhere.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.