The Oil Company hose job continues

#76
#76
(USAF_Vol @ Mar 8 said:
Bush. Pro Military. I went to war for him. Stop bashing my boss.
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Well, I am somewhat agree. He is my boss as well but I am not a fan of his
 
#77
#77
(bigtime @ Mar 11 said:
but what bout them arabs rubbin us blind to idk why we didnt just take the oil from iraq when we went over there we might as well should have im mean how much madder can we make them arabs they already want us all dead so who cares if we take their oil
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:stop:
 
#78
#78
Economically speaking there is no difference between the Asses and the Elephants anymore. It all eroded when the term limits in the so called Contract with America fell by the wayside. We are all left with tax and spend monkeys that have access to unlimited bananas. I for one am ready for the next rebuplican revolution.
 
#79
#79
(GAVol @ Mar 11 said:
I know what you mean, but the first time I read that part about you wanting a guy with convictionS, it made me think you wanted Clinton back in office.
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Oh, I thought you were going to make a UT sports joke. :p

Bigtime I really wish you'd go back and view some of the earlier posts on this. The profit dollars were huge but the GP% was not even over 10%. Once you boil it down it's an average return at best. There are many. many other companies making a killing off the American people that are never brought into this (like Wal-mart, Home Depot, etc.)

Also, if this thing w/ Iran goes the way it seems to be heading, we will be crying for the days gas was $2.50.
 
#80
#80
Some of the posters here typify the general public...easily swayed and spoon fed by the liberal media, quite honestly, I am tired of arguing with those who don't bother to do any more research than read the opinion sections of the NYT and USA Today.
 
#81
#81
(Volunteer @ Mar 12 said:
Some of the posters here typify the general public...easily swayed and spoon fed by the liberal media, quite honestly, I am tired of arguing with those who don't bother to do any more research than read the opinion sections of the NYT and USA Today.
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That's just the thing. I've done lots of research and have formed my own opinion. I just choose to stay basic because I don't really want to argue about anything. It wouldn't make any differece anyway, so why get into it? :peace:
 
#82
#82
Speaking of oil company hose jobs... Gas prices some places here just got jacked up 20 cents overnight. Did a tanker crash or something?
 
#83
#83
Honestly not trying to be a smart -alec poster here Volunteer...but please tell us. What source of media do you get your information? Are there any news sources that don't have a political spin on what they report?...if so Id like to know how they're financed and promoted. I don't know of any news source that not liberal or conservative.
 
#84
#84
Dan,
I look at it from a common sense level. The majority of Americans do not understand economics, you can't disagree with me on that. This issue is a perfect example. I am not egotistical at all, but read my posts on this thread and I am right about the profits versus profit margin argument. Media outlets SWAY opinion with their own. I read all media outlets from Drudge to breitbart to the AP, it's not what you read, it is how you understand what you are reading.
 
#85
#85
(Volunteer @ Mar 12 said:
Dan,
I look at it from a common sense level. The majority of Americans do not understand economics, you can't disagree with me on that. This issue is a perfect example. I am not egotistical at all, but read my posts on this thread and I am right about the profits versus profit margin argument. Media outlets SWAY opinion with their own. I read all media outlets from Drudge to breitbart to the AP, it's not what you read, it is how you understand what you are reading.
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I imagine its much like the Bible. It's not what you read, it is how you understand what you are reading. :wink2: May suggest a lot about the old saying don't talk politics or religion. Wise old timers say follow your heart, listen to that small voice inside that tells you whats right, and whats bullchit.
 
#87
#87
Yep... People need to start thinking for themselves.

Unfortunately, the mob mentality is an integral part of human nature.
 
#88
#88
What would happen if everyone on Monday used their AMEX card to only put in .10 cents worth of gas at the local Exxon station?
 
#89
#89
1) People that don't have an AMEX card would happily motor along with gas in their cars.

2) People with the AMEX card would sit on the side of the road out of gas.
 
#90
#90
Why are energy companies like GA power not making record profits on the same level as oil companies? Their business has grown at a similar rate as gasoline. People consume more electicity then ever. Why aren't they able to make record profits similar to oil companies?

The funny thing is, if an electric car was produced that could travel the same distance as a car with an internal combustion engine. It would cost about $5 to charge the car, and about $40 to fill the ICE with gas.

Why one form of energy is so much more expensive then the other? I guess drilling an oil well is so much more complicated then operating a nuclear power plant or operated a coal fired energy generation plant?
 
#91
#91
GAVol said:
Oil is a commodity that is openly traded and has it's price determined by the market. I know it's not popular to say, but oil company profits have very little to do with the price of a gallon of gas. It's a lot more complicated than that.
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This is not entirely true, oil recieves government subsidies.
 
#92
#92
oklavol said:
Why are energy companies like GA power not making record profits on the same level as oil companies? Their business has grown at a similar rate as gasoline. People consume more electicity then ever. Why aren't they able to make record profits similar to oil companies?
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How much business is GA power doing in China?
 
#95
#95
cibai said:
This is not entirely true, oil recieves government subsidies.
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I'm not sure what that has to do with anything. A whole lot of industries receive subsidies in one form or another.
 
#99
#99
oklavol said:
I know electic bills haven't increased at the same rate as gas prices have.
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You might look at the raw materials and production cost changes in electricity vs. gasoline. My guess is that if you correct for the changes here, you'll see similar increases in electricity vis a vis gasoline.
 
#100
#100
Public utilities are also massively regulated and have to ask the government for approval of any rate increases.
 
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