Price Gouging??
Administrator / Scooter Bum
Joined: Sep 2002
Posts: 9,086
Likes: 49
From: Central VA
I just dont understand if there is a tight refining capacity why cant the oil companies take some of their record breaking profits and build some more refineries. I try not to complain about fuel prices too much because I am going to buy it no matter what but it is starting to get depressing when it is time to fill up.
Registered User
Joined: Apr 2003
Posts: 6,564
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From: Cummins Technical Center, IN
You are correct on the total for everything thats what makes it so crazy the actual (fine for the spill only) not everything else is 2.7 mil from what i read and they are i am sure spending a lot more to fight it while also wasting all of our federal court money in the meantime which we all are paying for.
The bottom line is we foot the bill for the fight on both side while they continue to make record profits
I agree with what Hohn about the suv's for commuting i think part of what has raised and kept the diesel price up there is all the yuppys that have to have a dually 4x4 to run around town to try and look cool while getting a loaf of bread.
Oil companies see this and know they can run the price sky high and this group will keep on buying no problem same thing applies to large gassers
The bottom line is we foot the bill for the fight on both side while they continue to make record profits
I agree with what Hohn about the suv's for commuting i think part of what has raised and kept the diesel price up there is all the yuppys that have to have a dually 4x4 to run around town to try and look cool while getting a loaf of bread.
Oil companies see this and know they can run the price sky high and this group will keep on buying no problem same thing applies to large gassers
Trust me, the yuppies and the weekend jaunts to Home Depot are hardly a drop in the bucket compared with the armies of heavy equipment operating in China and India as those countries continue their explosive growth and make the infrastructural investments they can now afford.
If anyone wants to know why diesel is so expensive, the fact that we buy so much from China is a leading cause. If we didn't boom their economy by purchasing all the cheap crap they can make, they wouldn't have the money to invest in the types of work that require so much diesel fuel.
The other thing is that the US is still somewhat in the Dark Ages as far as energy efficiency goes. You'd think that with being the world's largest consumer of energy, we'd also be leading the world in efficiency improvements. Alas, we are only now seeing the seeds of an efficiency revolution...THANKS TO EXPENSIVE OIL!
Registered User
Joined: Mar 2005
Posts: 1,125
Likes: 1
From: Michigan
I agree Justin the yuppies are a smaller slice of the pie but it all fits into the puzzle. We certainly have been in the dark ages on efficiency as you say just look at how long they have been using diesels in cars overseas but we are just now getting started in that direction. And yes we are doing much more for China's economy than we are for own and the same applies to the loss of wages in our country i don't like the direction we are going.
Why can't we here in the USA at what used to be the big three put together a good diesel/electric hybrid i know the technology is available 40-50 mpg should not be too hard to do with good power and in a decent size vehicle not a go cart ?? Heck we have a member on here that put a 3.3 into a jeep and is running in the 30 mpg range with a backyard engineered vehicle that is a square box. I see a ruff road ahead for the next few years until this country wakes up and gets off the couch if we don't some other nation could end up #1
I hope i am wrong
Why can't we here in the USA at what used to be the big three put together a good diesel/electric hybrid i know the technology is available 40-50 mpg should not be too hard to do with good power and in a decent size vehicle not a go cart ?? Heck we have a member on here that put a 3.3 into a jeep and is running in the 30 mpg range with a backyard engineered vehicle that is a square box. I see a ruff road ahead for the next few years until this country wakes up and gets off the couch if we don't some other nation could end up #1
I hope i am wrong
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