National Average Price of Gasoline Hits an All-Time High

#776
#776
Dimon Pushed White House for ‘Marshall Plan’ on Domestic Gas

If stock market were working as intended, investors would be focusing on long term energy needs. Capital from the stock market for oil and NG production is a stretch; for much needed new nuclear, it's non existent. We are our own worst enemy; far too focused on today ... this minute, and not next year and further down the road.

Dimon didn’t call for more domestic oil production, two people familiar with the matter said. He cited a need for more liquefied natural gas facilities in Europe, and more investment in technologies such as hydrogen and carbon capture, one of the people said.
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Another of the investment/banking "experts" who remains clueless about the nuts and bolts of our energy needs. He's right there is a financial need; if it has to come from government, it means the investment markets have failed their purpose.
 
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#777
#777
AM64 said:
Gas prices are high. Oil CEOs reveal why they're not drilling more

Interesting article. The stock and commodities markets are screwed; they are not doing the intended job. They do not support long term business needs because they are too focused on short term profits. It's a mistake to let top level execs own stocks in companies they work for because it further exacerbates the short term profits over long term growth and stability. It's why we are locked into boom and bust cycles and the Chinese are eating our lunch, dinner, and breakfast. We are a hyperactive ADD riddled society; we want it all and we want it now; there's no room for critical thought, introspection, or just the common everyday sense that used to prevail. Or maybe most of that common sense that existed at one time on farms and in small business and a few large corporations never really existed in most of the corporate world at all.
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I bet they are under pressure from shareholders. Their P&L’s have been blood red for a decade.

If the price oil remains elevated, someone will move.
 
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#778
#778
85SugarVol said:
I bet they are under pressure from shareholders. Their P&L’s have been blood red for a decade.

If the price oil remains elevated, someone will move.
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Only if they sense quick profits. Investors aren't interested in where the endpoint of the curve may be; it's all about the slope of the curve at the present time.
 
#787
#787
Septic said:
View attachment 442643

Gas prices not keeping me away. $6.79 at the marina. Oooof.
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You are going to have to put a sail on that thing ... and an electric motor and solar panels (for when the wind is in the wrong direction and you don't know how to tack). There's probably extra points if you figure out how to use the solar panels as a sail.
 
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#790
#790
hog88 said:
Where do y’all find these idiots?
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I like the people that post the “record profits” of oil companies in 2021 but conveniently leave off that they all lost billions in 2020. Then they want some special tax on the greedy fat cats, which would just zero out with all the losses they had the year before. Big brain.
 
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#791
#791
Rickyvol77 said:
This is the type of emotional lib idiot who posts Facebook myths about “almost being trafficked” at target
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They're posting those all over LinkedIn now too. Then you see what the reasoning they think that is and it's because a man happened to enter the same aisle they're in one time.
 
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#793
#793
ButchPlz said:
The stuff just magically refines itself and appears at stations. Greedy oil execs!
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Thing that struck me was the amount of fuel taxes in the Euro nations specifically, not sure about others. Their prices have always been sky high, but not because of anything but government greed.
 
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#794
#794
DancingOutlaw said:
I like the people that post the “record profits” of oil companies in 2021 but conveniently leave off that they all lost billions in 2020. Then they want some special tax on the greedy fat cats, which would just zero out with all the losses they had the year before. Big brain.
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Yea but 2020 was so long ago.

Exxon Mobil made $23 billion in profit for 2021. But that came after suffering $22.4 billion in losses the previous year because of the pandemic-fueled economic downturn.
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#795
#795
Septic said:
View attachment 442643

Gas prices not keeping me away. $6.79 at the marina. Oooof.
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I actually thought of you yesterday . I didn’t like it and had to take a shower after but nevertheless… daughters boyfriend is a first mate on a charter fishing boat , they are down in Costa Rica with some clients . I got to see some very cool videos of sailfish being caught .
 
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#796
#796
Orangeburst said:
Thing that struck me was the amount of fuel taxes in the Euro nations specifically, not sure about others. Their prices have always been sky high, but not because of anything but government greed.
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It's the "perfect" system. The government can pile on taxes and fees that are relatively hidden from the populace, then turn around and blame the businesses for greed when they have to raise prices to maintain operations and, yes, profits (which are a critical part of a functioning economy).

I used to directly tell customers how much of each dollar they handed over the counter to us went to the government- between state and local taxes and fees, it usually added up to around $0.40 (because I made sure people understood that things like obscene property taxes, business licensure, etc. were real costs that spread over each sale). Our profit margins, by extension, were only around $0.05, because the market we were in was extremely inflexible on price. We were in the hellish combination of a (literally) poor local economy that could not or would not spend more (meaning: who would we pass costs on to?) and increasing government tax pressures (they just put in an additional bag tax, increased our property tax rate, and are increasing the sales tax) that drove us to the decision to cease all retail operations and leave the locality.

The government says to businesses "well you can just pass along the costs", then when the consumer sees the real dollars going out of their pockets increase, the government says to them "it's greedy corporate profiteering". In the end, nobody wins but bureaucrats.
 
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#797
#797
ButchPlz said:
It's the "perfect" system. The government can pile on taxes and fees that are relatively hidden from the populace, then turn around and blame the businesses for greed when they have to raise prices to maintain operations and, yes, profits (which are a critical part of a functioning economy).

I used to directly tell customers how much of each dollar they handed over the counter to us went to the government- between state and local taxes and fees, it usually added up to around $0.40 (because I made sure people understood that things like obscene property taxes, business licensure, etc. were real costs that spread over each sale). Our profit margins, by extension, were only around $0.05, because the market we were in was extremely inflexible on price. We were in the hellish combination of a (literally) poor local economy that could not or would not spend more (meaning: who would we pass costs on to?) and increasing government tax pressures (they just put in an additional bag tax, increased our property tax rate, and are increasing the sales tax) that drove us to the decision to cease all retail operations and leave the locality.

The government says to businesses "well you can just pass along the costs", then when the consumer sees the real dollars going out of their pockets increase, the government says to them "it's greedy corporate profiteering". In the end, nobody wins but bureaucrats.
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Where is CA going to get $400/month fuel rebate for every citizen?
This manipulation by the government(s) is nothing but a circle jerk.
 
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#798
#798
Orangeburst said:
Where is CA going to get $400/month fuel rebate for every citizen?
This manipulation by the government(s) is nothing but a circle jerk.
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"Billionaires" is what they'll say.

Reality is they'll give you the privilege of stealing thousands of your earned money and returning $400 of that to you each month.

Unfortunately most people, it seems, are *****ds.
 
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#799
#799
volinbham said:
gas related but not price related:

just learned that if you are at a pump with the annoying TV blaring you can mute it by pushing the second button on the right. Tried it yesterday and it works

T34FrLJ.jpg
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A valuable piece of information!
 
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#800
#800
Anyone heard anything from the administration on waving the summer gas blends?
 
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