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Old May 11, 2008 | 03:45 AM
  #1111  
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Originally Posted by mkelly9779
I don't like the prices of fuel, but people need to figure out the difference between profit and profit margins. Sure the oil companies posted a higher profit than ever before, but their profit margins are still the same % wise. The reason profit is up so much is the cost per barrel of crude is up which has to do (some what) with the dollar getting to be a weaker form of currency. Before you blame the oil companies, the governemnt makes more per gallon of gas than the oil companies do. In my opinion it is the sorry policies of the democrat party dealing with the economy that are making the dollar weaker and are helping the price per barrel sky rocket. Just remember all the places those dang tree huggers won't let us drill even though they say that we should become less dependent on foreign. Kind of hard to do that if they won't let us drill.
sorry if it seems like the same old discussion again, but if there is not a domestic supply shortage (around 500,000 barrels of diesel are exported daily), and we are using less, how is domestic drilling going to help us? many people believe most of the new oil would simply be exported overseas (even though our tax $$$ would be used to offset their drilling costs), creating billions in additional profits for the oil companies, but leaving us to continue paying record prices at the pump. some say that the additional oil on the market might cause the per barrel price to drop, but many believe that opec would simply cut production, so there would be little change in worldwide supply, and therefore we would see the same cycle of record prices of oil and continued record prices at the pump.
Old May 11, 2008 | 03:56 AM
  #1112  
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Yeah I think a lot can be done to alleviate the problem before we start drilling in wildlife reserves (which won't solve our oil crisis btw). Not saying we shouldn't do it, but at least not yet.
Old May 11, 2008 | 04:41 AM
  #1113  
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Originally Posted by wcbcruzer
Yeah I think a lot can be done to alleviate the problem before we start drilling in wildlife reserves (which won't solve our oil crisis btw). Not saying we shouldn't do it, but at least not yet.
don't get me wrong, i'm not against drilling because i'm afraid of getting angry letters from caribou. i just think if we're going to drill (and subsidize the cost) the oil needs to be kept here, and can result in a win-win situation, in that the oil companies would make a healthy profit while we return to affordable prices at the pump. however, i'm definitely against drilling so that the oil companies have more to export, and we continue paying the same rediculous prices.
Old May 11, 2008 | 09:12 AM
  #1114  
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Adding to what mkelly said, the Gov makes more than the oil companies off the taxes...and now you have some of these knuklehead candadates saying they want a gas tax holiday and make the oil companies pay for it out of thier profits. That measn the Gov would be getting ALL profits from oil...What a bunch of BS
Old May 11, 2008 | 09:48 AM
  #1115  
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I'd rather Buy American with my petro-dollars, and drilling for known oil reserves in a fraction of a percentage of wildlife refuges is good stewardship in my book... and we know the caribou will appreciate it (well, the males, anyhow )

As far as the pump price goes, I'm confident the market pressures will lower petro-energy costs across the board once the supply is increased (especially with supply increases that aren't subject to the anti-American dirtbags in OPEC who look for ways to hurt our citizens and our great country!)

As to the last post -

"Government is best which governs least"

... so keep your dang fingers out of my wallet!
- and take your Form 1040 and shove it in your Schedule A hole!
Old May 11, 2008 | 03:34 PM
  #1116  
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wow look at the prices when this thread started to what they are to day. 2.12 for gas...it aint never gonna be that low for a while. my truck was on a half a tank to day, i filled it up with 21 gallons and it was effing $88. this is outrageous, i am sick and tired of the fuel prices. their aint no need in all of this.
Old May 11, 2008 | 03:43 PM
  #1117  
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From: an Alaskan living in Des Moines Iowa....
Originally Posted by psd tuner
wow look at the prices when this thread started to what they are to day. 2.12 for gas...it aint never gonna be that low for a while.

ever again is more like it.
Old May 11, 2008 | 03:50 PM
  #1118  
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From: lyman, utah
i parked mine... flying j just raised their diesel to 435.9, an increase of 6 cents
Old May 11, 2008 | 03:53 PM
  #1119  
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From: Fl Keys
its $4.70 down here im building a v6 rat rod as a daily driver for relieife wish i didnt need to tow to make a living id trade my truck on a new challenger
Old May 11, 2008 | 06:52 PM
  #1120  
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I've cut my driving in half since this thread started.
Old May 11, 2008 | 10:48 PM
  #1121  
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From: Yacolt Wash " Vanc area"
Originally Posted by mkelly9779
I don't like the prices of fuel, but people need to figure out the difference between profit and profit margins. Sure the oil companies posted a higher profit than ever before, but their profit margins are still the same % wise. The reason profit is up so much is the cost per barrel of crude is up which has to do (some what) with the dollar getting to be a weaker form of currency. Before you blame the oil companies, the governemnt makes more per gallon of gas than the oil companies do. In my opinion it is the sorry policies of the democrat party dealing with the economy that are making the dollar weaker and are helping the price per barrel sky rocket. Just remember all the places those dang tree huggers won't let us drill even though they say that we should become less dependent on foreign. Kind of hard to do that if they won't let us drill.
Gosh I did not know that Bush was a Democrat.
But really who has been in charge for the last 7 years in the white house ,senate and house of reps. The republicans have had a majority untill the last election and sense then they have blocked most legislation.
Oh and drilling in ANWAR is one of the stupidest things we could do.It will take 2 barrels of oil energy to remove 1 barrel and there is only 6 months worth of oil up there.
We need to spend money on solar power and geothermal and wind. If president Carters plan would not have been scrapped by Regan we would have been getting at least 20% of our power from renewables by 2000 and we would not be in this mess.

Check this story for solar power in California desert
http://www.wired.com/science/planete.../2005/11/69528
Old May 12, 2008 | 12:36 AM
  #1122  
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From: High River, Alberta
Haha Psd tuner you got it lucky, my truck has a 23 gallon tank and it costs me 140 bucks canadian to fill it, and last time i checked the dollar was still pretty close.
Old May 12, 2008 | 12:52 AM
  #1123  
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Originally Posted by mkelly9779
I don't like the prices of fuel, but people need to figure out the difference between profit and profit margins. Sure the oil companies posted a higher profit than ever before, but their profit margins are still the same % wise. The reason profit is up so much is the cost per barrel of crude is up which has to do (some what) with the dollar getting to be a weaker form of currency. Before you blame the oil companies, the governemnt makes more per gallon of gas than the oil companies do. In my opinion it is the sorry policies of the democrat party dealing with the economy that are making the dollar weaker and are helping the price per barrel sky rocket. Just remember all the places those dang tree huggers won't let us drill even though they say that we should become less dependent on foreign. Kind of hard to do that if they won't let us drill.
Had to chime in the above is at best half the story and mostly the half that is BS
First oil is what I do I own a small company that transports crude from well to refinery and and I do not have the answers but I know enough to tell when they start spouting bull
myth one refinery capacity they like to blame the epa etc. for the lack of capacity the epa,deq etc...are big pita but they would not increase capacity anway as there is no profit in a stockpile they keep the supply down on purpoise .remeber Katrina when the blamed the spike on down refineries well the were turning my trucks away because the storage tanks were full but the were not making diesel and they always do turnaroud on the plants in the middle of summer when demand is the greatest
the price per barrel is bs as well when oil was at $92 a bbl on the news my producers in the field where getting $54
it is just like the meat market the rancher sees zip the store doesn't see much more but the middle men make a killing because the manipulate the market via supply and for the most part the "big oil" exxon,shell etc.. are just middle men
As for the "margin" the can make that look like anything they want lower the margian just have a cost jump from the supplier which if you look behind the curtain they are the same folks just playing swap the names they are really a pretty sharp ole bunch of rednecks
Old May 12, 2008 | 10:02 AM
  #1124  
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To Whom it may concern:
Please take the crack pipe over to the political forum.
Old May 12, 2008 | 10:10 AM
  #1125  
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From: Brandon, FL
Originally Posted by XLR8R
To Whom it may concern:
Please take the crack pipe over to the political forum.
X2........no need to muddy up this thread with political dirt. Besides, most of us are mad enough as it is at the cost of diesel, bringing politics in to it only makes me .
BTW Diesel fuel in Southern Maryland is anywhere from $4.249 to $4.299.



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