Gas Prices: Who's to Blame? - Page 11

Shawnee123 · 04-21-2010, 11:24 AM

Oh, I know. It's (almost) summer! People drive more. Time to raise prices.

Even my brother, he of the big-wigginess, says things like "well, you gotta buy gas anyway, what diff does it make if it's 2 dollars or 5 dollars?"

grrrrrrrrrrrrrrrr

classicman · 04-21-2010, 11:36 AM

Quote:

Originally Posted by Undertoad

This is a standard seasonal bump and prices will similarly decline in September.

Not according to NPR - these rates are higher than last year and earlier in the season as well . . . or so I heard yesterday on the drive home.

Shawnee123 · 04-21-2010, 11:40 AM

I am sure I just don't understand some simple concept, but don't the laws of supply and demand dictate prices would be lower when buying was up?

It's a big screw, if'n you ask me, but we have to buy gas.

xoxoxoBruce · 04-21-2010, 09:20 PM

This winter they closed down a shitload of refineries, so as demand goes up the supply will struggle to catch up.

tw · 04-21-2010, 09:44 PM

Quote:

Originally Posted by xoxoxoBruce

This winter they closed down a shitload of refineries, so as demand goes up the supply will struggle to catch up.

Refineries were never the bottleneck. If refinery shortage existed, then refineries would have been making massive profits. Refineries have been some of the least profitable parts of the gasoline supply chain.

Real problem has been gasoline prices too low. Especially because demand is so low due to a recession. To fix the real problem means oil prices should have been higher.

Someone just told me his Ford Focus gets 24 MPG. Any car not doing at least 30 MPG is a symptom of gasoline prices that have been too low for too long.

Surprising how many homes I saw only this past year with heated rooms - and no insulation in the attic. In at least one case, why did the homeowner not insulate last fall? Energy prices are too low. Insulating was too much work.

Complaints of gasoline at $3 a gallon is silly especially when the same complaints were back at $1.50 per gallon. Now $1.50 is a preferred price? What changed? Only emotions. Energy is still too cheap when facts replace that emotion.

classicman · 04-21-2010, 09:49 PM

At what price do you complain then?
A candy bar used to be a quarter, now they are over a dollar. What changed?

xoxoxoBruce · 04-21-2010, 10:54 PM

Refineries have never made massive profits, that's not where the profits are made in the chain, nor is trucking out to the dealers.
tw wants to use gas prices as a social restructuring tool, saying prices are too low.

2009 PROFITS
Exxon Mobil $45,220,000,000
Chevron $23,931,000,000
Occidental Petroleum $6,857,000,000

Hey, it was a slow year.

Madman · 04-22-2010, 07:18 AM

Quote:

Originally Posted by Madman

Me... It's all my fault.

I'm sorry... I voted for Bush.

Shut up, stupid.

I blame your average American Liberal Environmentalist for the way gas prices are. America is being raped economically by facist middle eastern countries to the tune of $700 billion dollars a year because of oil dependency. When was the last oil refinery built in the USA? The early 70's? What is preventing this country from drilling for oil? The dumb fucking environmentalists who want to save some endangered insect or critter. How much oil does this country have? Enough to last a long freaking time.

But, what the hell... carry a banner and save the blind, albino cave bug in south Texas. Bullshit! Give me a gallon of gas and I'll toast that six-legged bug and place an oil rig over its roasted corpse.

It just doeasn't make any damn sense to continue this road we are on. We are at the mercy of the Arab nations.

piercehawkeye45 · 04-22-2010, 07:45 AM

As long as our consumption is as high as it is, we will be dependent on foreign countries for oil whether we drill in the US or not.

Madman · 04-22-2010, 07:53 AM

Quote:

Originally Posted by piercehawkeye45

As long as our consumption is as high as it is, we will be dependent on foreign countries for oil whether we drill in the US or not.

That's exactly what they want us to believe. People are afraid to upset the apple cart. Hell, we should be tipping the fucker over and making demands from the politicians we vote in office and if they don't comply - tar and feather their political ass and carry them on a spit, upside down and naked, past the capitol. They're supposed to have OUR needs in mind - not give BJ's to Green Peace activists.

Green Peace - May they all OD on THC.

Spexxvet · 04-22-2010, 08:41 AM

Quote:

Originally Posted by classicman

At what price do you complain then?
A candy bar used to be a quarter, now they are over a dollar. What changed?

The price. Duh!

Madman · 04-22-2010, 08:51 AM

Quote:

Originally Posted by tw

Refineries were never the bottleneck...

Gutless politicians with itty-bitty balls to stand up to liberal opposition that prevent them from utilizing the resources in this country and off shore.

Why do we fight amongst our own people when all of us are dependent on arab oil? These arab countries would rather see us dead - after they rape us of all our economic resources.

04-22-2010, 09:00 AM

Total proven US oil reserves (including offshore) - about 21 billion barrels

Total US consumption - 7 billion barrels/year.

Do the math.

Quote:

Originally Posted by Madman

Gutless politicians with itty-bitty balls to stand up to liberal opposition that prevent them from utilizing the resources in this country and off shore..

If only we could convert all this "damn the environment...damn the liberals....drill, baby, drill" hot air into usable energy!

Shawnee123 · 04-22-2010, 09:20 AM

Quote:

If only we could convert all this "damn the environment...damn the liberals....drill, baby, drill" hot air into usable energy!

Madman · 04-22-2010, 10:01 AM

Quote:

Originally Posted by Redux

Total proven US oil reserves (including offshore) - about 21 billion barrels

Total US consumption - 7 billion barrels/year.

Do the math.

Source? I've seen the same bullshit statistic.

We have the technology to produce shale oil. Which would give the USA more oil than the entire world combined. However, that's not practical at this moment in time. So let's look at what we really have that we can pump out of the ground...

http://www.resistnet.com/profiles/bl...ource=activity

There is more than one site and, for that matter, you could do a little further USGA reading to whet your appetite.

So... you do the math. Better yet... do a little research.

Maybe you should spend a little less time on a forum and more time in a library.

View Poll Results: Who is to blame for recent gas price increases?
Market speculators	14	40.00%
Oil companies	13	37.14%
Oil producing countries	8	22.86%
China	10	28.57%
US Automakers	9	25.71%
Lack of refining capacity	10	28.57%
US government/lawmakers	11	31.43%
The Federal Reserve	7	20.00%
Dark Markets	4	11.43%
TheMercenary	7	20.00%
US Consumers	12	34.29%
Other	13	37.14%
Multiple Choice Poll. Voters: 35. You may not vote on this poll

04-21-2010, 11:24 AM	#151
Shawnee123 Why, you're a regular Alfred E Einstein, ain't ya? Join Date: Jun 2006 Posts: 21,206	Oh, I know. It's (almost) summer! People drive more. Time to raise prices. Even my brother, he of the big-wigginess, says things like "well, you gotta buy gas anyway, what diff does it make if it's 2 dollars or 5 dollars?" grrrrrrrrrrrrrrrr __________________ A word to the wise ain't necessary - it's the stupid ones who need the advice. --Bill Cosby

04-21-2010, 11:40 AM	#153
Shawnee123 Why, you're a regular Alfred E Einstein, ain't ya? Join Date: Jun 2006 Posts: 21,206	I am sure I just don't understand some simple concept, but don't the laws of supply and demand dictate prices would be lower when buying was up? It's a big screw, if'n you ask me, but we have to buy gas. __________________ A word to the wise ain't necessary - it's the stupid ones who need the advice. --Bill Cosby

04-21-2010, 09:20 PM	#154
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	This winter they closed down a shitload of refineries, so as demand goes up the supply will struggle to catch up. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

04-21-2010, 09:49 PM	#156
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	At what price do you complain then? A candy bar used to be a quarter, now they are over a dollar. What changed? __________________ "like strapping a pillow on a bull in a china shop" Bullitt

04-21-2010, 10:54 PM	#157
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	Refineries have never made massive profits, that's not where the profits are made in the chain, nor is trucking out to the dealers. tw wants to use gas prices as a social restructuring tool, saying prices are too low. 2009 PROFITS Exxon Mobil $45,220,000,000 Chevron $23,931,000,000 Occidental Petroleum $6,857,000,000 Hey, it was a slow year. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

04-22-2010, 07:45 AM	#159
piercehawkeye45 Franklin Pierce Join Date: Oct 2006 Location: Minnesota Posts: 3,695	As long as our consumption is as high as it is, we will be dependent on foreign countries for oil whether we drill in the US or not. __________________ I like my perspectives like I like my baseball caps: one size fits all.

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