Don't run your tank so low!

 

BP posted profits of 7 BILLION last QUARTER!!

I don't think anyone is angry with any engineers.

These companies are fast approaching Benedict Arnold Territory. Somebody farts in the forrest and oil prices go up!! I'm calling BS, we're getting screwed here, and I'm going to VOTE accordingly.

VIVA la REVOLUTION!!!

 

I also realize that it is speculators driving up prices via farts and rumors, I just wonder when the american public is going to say ENOUGH!

 

You are part of the Americna public. Say enough by consuing less fuel. Ride a bike, walk, take a bus, get a Civic that gets 40 mpg...

Oil is a comodity, prices are regulated by suply and demand. Demand is high, supply has not increased accordingly, and what is produced id harder to produce than it was 10-20 years ago. Thus prices are high and will stay that way. Even with a democrat in the office.

 

Yep!

The oil prices are where they are because of consumers.

 

SEVEN BILLION LAST QUARTER.....THATS 3 MONTHS.....Don't feed me that brainwash, these companies are dancin' with the devil

 

And You Are Payin The Band!
Cut their budget... I have >>> I cut my business back to working 4 days a week and work on a route and that has cut my fuel bill by 30%... I has also increase my profit and made us more effecient.

Oilguy

 

Oilguy,
I'm happy that you have been able to make adjustments like those, in your favor.
I don't have any choice as to where or when I work, I install the product where the buyer wants it installed. "Paying the band" is my lot....
For me it's a financial adjustment, for 90% of the folks in this country, the price of fuel is a real burden, some people have to make genuine sacrifices just to get themselves to work, kids to school, etc...I'm not whining for my "circumstances" I consider myself one of the fortunates, I also believe in the American system that allows a fella to make a living without being limited by some kind of "salary cap". But.....

Do you think CORPORATE PROFITS of 7 billion in a quarter by way of, what if's, and futures trading is acceptable behavior?
I have never been a "Bleeding heart", and I don't have all the answers, but I'm finding some pause for consideration these days.
Check your history books, France 1789, Russia 1917, different times yes, but the same basic theme...Economics, Greed, and and a bunch of angry peasants.... the outcome is never pretty on the short side.

 

Oh come on Dale. If your gonna give us a lesson is history and angry phesants complaining bout government and money, at least mention the reason we are all here and are able to even complain about this stuff. Before all those you mentioned, there was a little known party being thrown for King George in this country in Boston. anyone want to guess where that one lead?

This being said, people in this country are too appathetic to revolt against authority!!! It would take too much time and waste too much money Kinda ironic huh???

 

Yes Dale, oil companies make a LOT of money. But they also spend a LOT of money to make it...

 

My friend, this is apples to oranges.... profit per dollar of sales isn't relevant. How many people do you know who are currently taking prescription meds vs how many will be filling up their tank this week, furthermore how many folks do you know with fuel insurance, paid for by the state? You have a coice weather or not to use a credit card, housing is appherently affordable, has your house doubled in value over the past 2 years? I'm not saying these figures are scewed but really, is this an apt comparison?
Do the math 7 billion in 3 mos is 891 dollars per second (A-Rod doesn't make that much during a game). Now, come up with one legitemate reason for prices to have doubled in the last 2 years (and for diesel it is triple). The supply and demand rule is not a reason, it's a cause and effect. The engineers, geologists, refinery workers, drillers, welders, etc. (the folks working harder to produce the fuel) aren't seeing double salary increases. Joe, the guy who owns the gas station isn't getting paid like this either. The oil co's are charging what they can get away with, they have us all by the shorties and they know it. What they are doing is price gouging just as if Joes gas station raised prices to 5 bucks a gallon 3 days before a hurricane was to hit, difference is, joe would be thrown in jail for doing it.

 

Everyone has the same opportunity... Everyone has the same problems when you narrow them down... I just looked at the problem as a challenge and work on a solution... Maybe I am just a little more creative than the next guy - I don't know... I shared the information that I have with a friend of mine and we sat down to look at his business and it worked out for him as well. He spends more time with his family AND makes more money.

I think looking at history is important to seeing patterns and progressions and you hear that history repeats itself... but not always in the same manner.
Do I think they are gouging? To some degree yes... for the most part, It is supply and demand and the supply is just simply getting harder to aquire through stricter government and EPA reg's and having to go deeper through harsher environments.
You also have to admit that through adversity come new technology and techniques that will move away from the painful issue and create new opportunities for people and reduce the demand for petroleum... Look at how much focus there is on Hybids - Hydrogen - BioD - Ethanol - Solar - Wind - Wave tech - GeoExchange - and other ideas that seemed crazy 10-20 years ago...
I build a machine that converts waste motor oil to diesel through redistillation and it should be in production this week!... There are people that are converting Waste plastics in to diesel and fuel oil... Their is Methane captured from land fills being used to operate Gensets to power the landfill project and housing developments around the country...
The high fuel prices are fueling the drive to change in this country and we will lead the way for the world again in the energy industry... Maybe I am just being optimistic and see it half full.

Oilguy

 

Yup, and in another few million years, all those landfills will be oil again.

 

10-4 on that oilguy, you have valid points.
I got off the threads cause I had to drive to Seattle, diesel is 3.61 here, by the way.

If someone is gonna have a fuel breakthrough I hope it's soon.
Also, look into the American Made Energy Freedom Act it's a bill proposed by Congressman Devin Nunes (R-CA), interesting.....

 

I agree with dale on this 100%. 7 billion dollars in a quarter profit is just a rediculous amount of money based soley on the prospect of what if!! I live just north of seattle and had to get rid of my ctd because it was costing close to $500.00 just to fuel it a month. Now I drive a nissan. I doubt any of the oil execs. had to sell their prized rides. It just seems that if they are making that amount of profit then they should be able to do something about the price of fuel at the pump.

Travist