fawk fuel companies

[HyperTek]

dammm... fuel company profits are at a all time high!
dammm

a company made like 40billion last year, and only spent 10billion on renewals and shit... man

[azndoc]

What else is new.

[jackjack]

[WagDatto]

There was a big article in one of the car magazines this month about it, too. Basically saying people are driving up the gas prices because they're trying to boycott one particular station. The idea people need to get into their heads is that the gas companies are just part of the standard business circle; supply and demand. We're using a lot of gas, so suppliers can charge a lot. If we boycott, say, Chevron stations, the gas prices at all other stations will most likely rise because of the influx of more customers, and Chevron's will most likely rise because of the shortage of funds. People need to start carpooling and stop buying Hummers and SUV's and start driving gas saving cars if we want to keep prices down.

[SimpleS14]

There is really no definite solution to this....

Along the lines of what WagDatto mentioned...if say...the entire US becomes less dependent on foreign oil the price is still going to be high (in fact skyrocket). I only say this because there are booming economies in the two most populated countries, India and China. There demand alone in the future will insure prices stay high on a global scale.

In regards to the fuel companies, I actually like Shell. Not because of their stations, but because of the extensive R&D they have put into oil shales. There's tons of it in the US and they are close to extract barrels of oil at prices roughly $30 a barrel (at today's time). Of course we won't see any benefits for another say 10-20 years, but its still good news as dependence on foreign fuels can decrease. I just think its odd that the land with all these oil shales are owned by the federal government. It's as if they saw a time when the land would be needed and probably bring wealth to the nation.

[Matej]

Just wait until we're paying 6$ a gallon like the rest of the world has been for the past 10 years. Only then we will realize how desperately better public transportation is needed.

[Mi Beardo es Loco]

It's not the $6/gallon that scares me, it's the fact that we may get relieved if the gas drops to a whopping $2 per gallon. Gas SHOULD be $60/barrel right now at it's highest, and it's over $100. There's something wrong here.

[ronmcdon]

its not just the price of crude oil alone that contributes to overall gas prices. limited refinery output and taxes are a huge chunk as well.
there's also drop in the value of the US dollar to be taken into consideration as well.

[HyperTek]

we just drive too dam much thats all.
its like every single individual has the right to drive their own car and vehicle anywhere.. and we choose to do so.

and we like to reproduce at an increasing rate, and car companies fight to outsell cars over other companies, more and more cars are put onto the road. Any idea how much the deadcar rate is? I wonder if the new car to street rate is higher.

I was watching on the news today that someone was bitching that the price of gas OR vehicle registration should be raised because of the smog/polution problem.

[wrapmeup2005]

Originally Posted by Matej

Just wait until we're paying 6$ a gallon like the rest of the world has been for the past 10 years. Only then we will realize how desperately better public transportation is needed.

Yah $6 a gallon would suck but the rest of the world has some differences...
In the $6/liter there is a tax included which is paying for healthcare (free healthcare) along with other things the taxs go to like schooling and such.

Also, their diesel is cheaper then regular gas (why wouldn't it be, diesel is cheaper product overall) and they have lots of cars which are running off of diesel engines and getting 50 miles to the gallon.
Here...diesel is more expensive and we don't have efficient diesel motors in our cars.

Simple S14, you have a point saying that the federal government owns most of the land, that gives them control over that. The EPA won't let the efficient cars in because then we wouldn't be using as much gas. Then... all the government officials wouldn't be making money.

[redx]

Originally Posted by SimpleS14

There is really no definite solution to this....

Along the lines of what WagDatto mentioned...if say...the entire US becomes less dependent on foreign oil the price is still going to be high (in fact skyrocket). I only say this because there are booming economies in the two most populated countries, India and China. There demand alone in the future will insure prices stay high on a global scale.

In regards to the fuel companies, I actually like Shell. Not because of their stations, but because of the extensive R&D they have put into oil shales. There's tons of it in the US and they are close to extract barrels of oil at prices roughly $30 a barrel (at today's time). Of course we won't see any benefits for another say 10-20 years, but its still good news as dependence on foreign fuels can decrease. I just think its odd that the land with all these oil shales are owned by the federal government. It's as if they saw a time when the land would be needed and probably bring wealth to the nation.

You do know that it costs $10 to make a single barrel of synthetic crude. Its not cost effective to use oilshale, and more investment in oilsands.

[pwhitersxs]

I have thought this for a while, and I believe gas prices are high to pull in record profits. The propaganda of the matter is the news blames the middle east and OPEC and demand for the high prices, but I believe it is greed for the reason of these high gas prices. If it was not greed and it is because of the high price of gasoline, then why are the gas companies pulling in record profits? It does not add up. To me the missing factor is greed and to make money to put it in the pockets of the elite.

[blasting_speed]

Originally Posted by WagDatto

There was a big article in one of the car magazines this month about it, too. Basically saying people are driving up the gas prices because they're trying to boycott one particular station. The idea people need to get into their heads is that the gas companies are just part of the standard business circle; supply and demand. We're using a lot of gas, so suppliers can charge a lot. If we boycott, say, Chevron stations, the gas prices at all other stations will most likely rise because of the influx of more customers, and Chevron's will most likely rise because of the shortage of funds. People need to start carpooling and stop buying Hummers and SUV's and start driving gas saving cars if we want to keep prices down.

Spoken like an angel. I hate those idiots that drive Those Cadillac SUVs or Navigators with their AC blasting and the window down. Dumb fucks. They're just stupid guys trying to look cool. I know some dude with a Navigator SUV. He pays $734 a month for it. Not including insurance. He has no power or gas at his house. He just likes it because it gets him attention. HE'S A FUCKING IDIOT.

[Matej]

Someone should start selling diesel cars here. Whoever does it will get rich(er). My dad used to own a turbo diesel rwd Renault that got over 60 miles to the gallon, and it could also run on vegetable oil and grease from food haha.

[LB.Motoring]

Yeah,


Europe, BMW.

yes.

[wrapmeup2005]

Not just BMW, in europe they also have diesel powered ford focus, among every other company

[Matej]

By the way diesel isn't really much cheaper than regular gas in Europe, in some places it can actually cost slightly more, but the gas mileage is epic compared to cars that run on regular fuel.
The only thing that was kind of a disadvantage on diesel cars is that the tubes that spray the diesel into the motor have to be really thin, and I know that in the winter the diesel in them could freeze and even crack the tubes. Though I'm sure that's taken care of now on newer cars.

[Gnnr]

Originally Posted by WagDatto

idea people need to get into their heads is that the gas companies are just part of the standard business circle; supply and demand.

From what I learned in my Microeconomics class, Gas has inelastic demand unlike most products which are elastic. Basically no matter the price, the demand doesn't change. And from what I learned from my math professor who is an Engineer, our gas consumption is an exponential math problem, so even if we found more gas it will only buy us just a little more time, but not much.

One thing thats also way more popular in other countries is the use of motorcycles and scooters.

[IIIXziuR]

time for Bio-Diesel/Vegetable Grease conversion in the 240.

Smell like French Fries ++++

[((sr)) kelly]

alot of things come in play with the high gas prices.... the US dollar is shit now from all of the cash flaoting around (credit).

I read somewhere that the GOV actually owns more of the fuel companies in stocks then the actual ceo or w/e......


i remember before bush was in office, gas was 1.20 in NC... so thats who im blaming lol

[opponheimer]

Originally Posted by ((sr)) kelly

alot of things come in play with the high gas prices.... the US dollar is shit now from all of the cash flaoting around (credit).

I read somewhere that the GOV actually owns more of the fuel companies in stocks then the actual ceo or w/e......


i remember before bush was in office, gas was 1.20 in NC... so thats who im blaming lol

Bush is to blame for a failed economy. He set us up for it, and even kicked over the first domino so-2-speak.. So many things ignored in the last 6-7 years, so many things forseen and ignored! Its our shitty dollar value which reflects the expensive cost of gas... Thank you G W. Anyone can argue it all they want that it's not the fault of the president, that its a natural tendency of an economy to suck ass... well it is when only the leadership and management sucks ass.

[98s14inaz]

The gas crunch is making the economy worse. How many of us actually pay cash for gas anymore. I don't, I swipe my debit card. Many can't afford much of anything so they pay with credit, and of course make the minimum monthly payment, which in turn adds to the funny money problem we have.

Whoever said "it doesn't add up" is absolutely right. I am familiar with how economics work and a lab monkey can see this model is jacked up. Fuel companies would not be recording record profits if their costs went up proportionately to the end user price at the pump. I call shenanigans.