2Rad4U
I'm to young to be a
Senior Member
Joined: 03/09/2005
View Profile
|
onrecess wrote:The oil companies are making a killing (exxon 100 billion aditional profit this year) with NO shortage, and their mouthpieces have many convinced to give them the drilling off FL and in the artic to "fix" the fictional shortage and save us.
Duh.
I can't even imagine what these folks are smoking... or is it drinking the Kool-aid??
They are robbing youj blind so give them everything they want.
Sounds like Reagan giving arms for the hostages. Like "Charlie's War where they created and armed Al-qeda. Muddled thinking and sheep following.
My vote for one of the best posts. Finally, someone that can look beyond the billboards...
CB
|
Strawfoot
Flagstaff, AZ, USA
Full Member
Joined: 03/02/2003
View Profile
 Offline
|
2Rad4U wrote:onrecess wrote:The oil companies are making a killing (exxon 100 billion aditional profit this year) with NO shortage, and their mouthpieces have many convinced to give them the drilling off FL and in the artic to "fix" the fictional shortage and save us.
Duh.
I can't even imagine what these folks are smoking... or is it drinking the Kool-aid??
They are robbing youj blind so give them everything they want.
Sounds like Reagan giving arms for the hostages. Like "Charlie's War where they created and armed Al-qeda. Muddled thinking and sheep following.
My vote for one of the best posts. Finally, someone that can look beyond the billboards...
The oil companies are not making a killing. They are making just about what other equal sized companies are making. They are returning modest profits to shareholders. They do pay more in taxes than just about any company, though.
No shortages? Says who? The U.S. requires over 20 million barrels of oil each day. Domestically, the oil companies are producing around 8 million barrels a day. 8 is less than 20, right? That leaves us in short supply and requires us to import oil from overseas. You following? It's hardly "fictional". China says it will require 84 million barrels of oil per day by 2018, the current maximum output worldwide. When you see supply charts leveling off at 84 million barrels a day and you look over at demand charts that have a line going almost straight up past 148 million barrels in less than a decade, well, you don't have to be a math wiz to figure out what will happen.
As far as drilling off the Florida coast or in Alaska, there hasn't been any decision to allow either. Not for U.S. oil companies. China is planning on drilling off the Florida coast, it was reported. There has already been plenty of drilling in Alaska. Maybe you heard about the pipeline we built up there. The proposed site is in a protected area. It is a very small parcel of land and could provide years of domestic oil supply. It would also help reduce the skyrocketing oil prices of today.
As far as the muddled thinking of politicians like Ronald Reagan and how he may have supported the Afghan rebels while they were fighting the Russians, you might remember a day when other such muddled thinking politicians sat down with, and did business with Stalin. Not the ideal ally, to be certain, but the greater good was to defeat the Nazi's.
* This post was
edited 07/18/08 11:36pm by an administrator/moderator *
|
kudos383
wva
Full Member
Joined: 08/13/2006
View Profile
|
looks like the oil bubble is about to burst!!!!ha ha
|
winkyb
Florida
Senior Member
Joined: 02/02/2008
View Profile
Offline
|
kudos383 wrote:looks like the oil bubble is about to burst!!!!ha ha
Maybe and maybe in six months gas will drop a few cents.But now the states are all ready poor mouthing of how they need to raise the gas tax as people are buying less gas.
|
bid_time
Michigan
Senior Member
Joined: 08/18/2006
View Profile
 Online
|
winkyb wrote:kudos383 wrote:looks like the oil bubble is about to burst!!!!ha ha
Maybe and maybe in six months gas will drop a few cents.But now the states are all ready poor mouthing of how they need to raise the gas tax as people are buying less gas.
I for one hope they do. Maybe it will get a few roads fixed around here and encourage people to continually look for ways to cut down on the amount of oil they are using.
|
|
|
slowlane
Millersville, MD
Senior Member
Joined: 11/15/2003
View Profile
Offline
|
macira wrote:.... things are are worth what they cost to produce plus a reasonable profit. ...... "Charge what you can get" is surely not "supply and demand". It amounts to robbery.
1. What any thing is "worth" is what a buyer is willing to pay for it in the absence of fraud or coercion. The notion that the economic value of something is a function of its production cost is Marxist nonsense.
2. Everyone with something to sell will charge what they can get unless they are making gifts. Would you sell your used vehicle or boat or house to a stranger for less than you could get? Let me know when you are selling something.
Class is dismissed.
07 Rev 40E
Happily and guiltlessly maximizing my carbon footprint
|
slowlane
Millersville, MD
Senior Member
Joined: 11/15/2003
View Profile
Offline
|
Interesting statistic from Investors Business Daily: "...since June of 2001, oil has risen 160% in euros versus 376% in dollars."
Which should give a clue as to how much of our price pain is due to the weakened dollar. Which is mainly due to the Fed inflating the money supply (i.e., legalized counterfeiting) to provide all the billions the politicians in DC have been throwing at every imaginable problem and non-problem the last several years.
Yeah, supply and demand affect the value of money also.
|
coolbreeze01
Redding, Ca
Senior Member
Joined: 08/24/2006
View Profile
Offline
|
Sorry if this is a repeat, but just saw where a 10cent a gallon raise on Federal fuel tax is being considered. Peachy 
2008 Dodge 3500 CTD LB SRW 4X4 6-Speed Auto
P3 Blue Ox Sway Pro
2007 Komfort 212
|
ORbiker
Eugene, Oregon
Senior Member
Joined: 02/17/2005
View Profile
Online
|
coolbreeze01 wrote:Sorry if this is a repeat, but just saw where a 10cent a gallon raise on Federal fuel tax is being considered. Peachy
It is bound to happen. The states will be doing it next.
If less gas is purchased, then less TAX is collected.
I (2-10-05) bought a 2002 F350 CC SWD PSD and a new 2003 Citation 10'8. Rancho 9000X & Toyo M55's.I have been a tent camper all my life. I wanted more comfort while doing my Willamette Backcountry Ski Patrol & Crater Lake Ski Patrol duties.11
|
lwmuddy
Murrells Inlet, SC
Senior Member
Joined: 04/07/2002
View Profile
Offline
|
Some interview on an (Alleged) news report yesterday said that, there will be a 50 cent drop in the price of gasoline at the pump in 2 months and the barrel price will be dropping to between $60 and $80.
I think it was the "Headline News Chanel", dubius at best.
As for the drill now-drill here-drill what ever, even if we were to start suppling our own oil tomorrow, the prices would stay just about the same. They would find a good reason for it.
I want to thank the Moderators for giving us this thread. It really relieves the pressure better then Exlax in a Mexican resturant.
|
|
|
