Posted on 05/24/2007 5:48:44 AM PDT by kellynla
Are you telling me to do something or are you just adding to the general conversation of this thread?
Regarding the restrictive power of oligopolies and govt laws, how does any entrepreneur build a new refinery in the US, even an oligopolic oil company which has “obscene” profits, because money is sitting in their “bank account” that could and should be used to build more refineries?
The government is the problem, first, last and in the meantime.
oh FGS - “obscene” profits ??? money that “could and should” ??? then you say “gov’t is the problem” ?
You need to go look in the mirror and ask yourself - am I in favor of a free market or do I just parrot Dim talking points ?
Why would anyone even try to build a new refinery in this country - oil company or entrepreneur - when the permit and environmental impact studies, regulatory restrictions and moonbat envirowhackos will take you decades of time and oceans of money long before the first bulldozer hits the site. And that’s long before you get to make a fairly measly 9% profit on your investment...
only to have that small profit called obscene by ignoramuses in economics and math.
See yourself in that mirror yet ?
Aye, therein lies the rub.
My local service station owner says he makes nothing on the gasoline, which I believe. The gasoline is a convenience for his regular customers, who get their car service from him and he can do most car repairs. I continue to buy my six gallons a month from him rather than go down the street to the 7-Eleven because he is a local businessman and provides full car service. The price difference of 25 cents is not worth dropping my support.
with all the oil you guys are sitting on up there;
you all should be getting free gas! LOL
No joke. After construction of the TransAlaska oil pipeline I figured those who worked on the project (including myself) should get their gasoline free for the rest of their lives.
We can also allow an increase in supply by allowing more refineries and oil exploration.
Well the natives are still getting their biannual royalty checks aren’t they?
Last I heard it was about $1,400?
The Alaska Natives get $30,000 a year. That was ANCSA. The PFD dividend would be about $1100 this year for those who apply, which I don’t. In about four years Alaska will be in a financial bind and the status of the PFD might be in doubt and there could be an income tax instead.
It’s not a discount for cash, it’s a surcharge for using a credit card, which is perfectly reasonable in my view.
And he was working for a silent partner, the partner who tells him what to do and makes more work for him, but doesn’t lift a finger to help out with the work. The partner who doesn’t change the oil, put air in the tires or sweep the floor. The blooming GOVERNMENT which has its hand out and takes its cut right from the top, and doesn’t care if you make money or lose money.
They were a 503(c) when I worked there as a contractor in 1999.
From the November, 2006, article I linked to above...
:It was its first full quarter as a publicly traded company. MasterCard sold stock to the public for the first time in May.:
Looks like they stopped being nonprofit last year.
This presumes that those who buy from the refineries are interested in increasing reserves of fuel. It seems they have a good handle on the system and would be hesitant to upset the status quo.
Sad fact is the distributors are trying to charge $3.44 a gallon while the spot price is $2.2288 per gallon (NY Harbor, 5/22/07). Federal gas tax is $.184 and Wisconsin is what, $.329? That adds up to $2.74. Even at the worst spot prices this past month, you’re looking at about $3.06.
So even if the spot price dropped to $.3003 per gallon as it was on Dec 24, 1998, they would be looking to charge the stations $1.63 a gallon.
On 12/24/98, average prices were about $1.01 a gallon.
In other words, someone (and not the station) is making a LOT more than they used to after the actual refining of gas.
I know an Mobil station only selling 93 gas....
Question: will this new price gouging bill send America into oil crisis?
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