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9/22/2017 12:11:25 AM
Posted: 9/6/2005 2:47:13 AM EDT
Communist News Networks discussion debate this morning is gas prices. Interesting to note that oil has dropped from over $70 a barrell to under $66 a barrel yesterday. Ironically, the average gas price dropped a whole 1.4 fucking pennies.


Fuckers.
Link Posted: 9/6/2005 2:49:47 AM EDT
price gouging, plain and simple
Link Posted: 9/6/2005 3:16:47 AM EDT
[Last Edit: 9/6/2005 3:17:17 AM EDT by Cougar8045]
The national average for a gallon of gas is well over $3.00 and people are waiting ing line for the stuff. What makes you think the price would come down?

I see congressional hearings in big-oils future. What will come of it who knows.
Link Posted: 9/6/2005 3:21:11 AM EDT
Aren't those futures prices? The often cited cost of gas isn't the todays prices but the prices of the futures market. One of the big problem with cost is just that speculation on futures.
Link Posted: 9/6/2005 3:42:27 AM EDT
Link Posted: 9/6/2005 4:24:20 AM EDT
My uncle works at a refinery and told me that it takes three months for oil to go through the refining process and to the pumps. So it will take three months for the 70$ a barrell oil to make it to our gas pumps. We are paying 3.00 for a gallon of gas for that 70$ barrell of oil that really only cost them 60$ a barell to buy. How does that make you feel that we are paying a premium price now for fuel that we will actually get in three months?
Link Posted: 9/6/2005 7:40:57 PM EDT
... 2005 Quarterly Profit


Exxon Mobil, the world's largest publicly traded oil company, said Thursday that net income in the April-June quarter rose 32 percent to $7.64 billion

The newly merged Royal Dutch Shell announced a 34 percent increase in second-quarter profit to $5.24 billion

Shell's quarterly profit from exploration and production surged 48 percent to $2.7 billion

BP Group PLC, one of the world's largest oil companies, announced Tuesday that quarterly profits rose 29 percent on the strength of world oil prices, but said it was taking a $700 million charge to settle claims from a refinery explosion. Net profit came to $5.66 billion
Link Posted: 9/6/2005 7:44:00 PM EDT

Originally Posted By Cougar8045:
people are waiting ing line for the stuff.



Not around here. The gas stations are freaking ghost-towns.
Link Posted: 9/6/2005 7:46:34 PM EDT

Originally Posted By Winston_Wolf:
... 2005 Quarterly Profit


Exxon Mobil, the world's largest publicly traded oil company, said Thursday that net income in the April-June quarter rose 32 percent to $7.64 billion

The newly merged Royal Dutch Shell announced a 34 percent increase in second-quarter profit to $5.24 billion

Shell's quarterly profit from exploration and production surged 48 percent to $2.7 billion

BP Group PLC, one of the world's largest oil companies, announced Tuesday that quarterly profits rose 29 percent on the strength of world oil prices, but said it was taking a $700 million charge to settle claims from a refinery explosion. Net profit came to $5.66 billion



And those TOTAL profits come out to $0.15 per gallon produced. Guess AGAIN.

How did I get that? Average production for the last year was 140 billion gallons.

How some of you made it past middle school math amazes me.
Link Posted: 9/6/2005 7:47:05 PM EDT
Link Posted: 9/6/2005 7:47:15 PM EDT

Originally Posted By tippman:
My uncle works at a refinery and told me that it takes three months for oil to go through the refining process and to the pumps. So it will take three months for the 70$ a barrell oil to make it to our gas pumps. We are paying 3.00 for a gallon of gas for that 70$ barrell of oil that really only cost them 60$ a barell to buy. How does that make you feel that we are paying a premium price now for fuel that we will actually get in three months?



Yep. Gas stations hike their prices right along with the oil futures prices, but they don't mark them down if those oil futures prices fall. It's a total screw job.
Link Posted: 9/6/2005 7:48:54 PM EDT

Originally Posted By Winston_Wolf:
... 2005 Quarterly Profit


Exxon Mobil, the world's largest publicly traded oil company, said Thursday that net income in the April-June quarter rose 32 percent to $7.64 billion

The newly merged Royal Dutch Shell announced a 34 percent increase in second-quarter profit to $5.24 billion

Shell's quarterly profit from exploration and production surged 48 percent to $2.7 billion

BP Group PLC, one of the world's largest oil companies, announced Tuesday that quarterly profits rose 29 percent on the strength of world oil prices, but said it was taking a $700 million charge to settle claims from a refinery explosion. Net profit came to $5.66 billion



I thought the point was to make profits...

Why didn't you list Microsoft, They make billions each years as well must not be fair.

Link Posted: 9/6/2005 7:51:56 PM EDT

Originally Posted By raven:

Originally Posted By tippman:
My uncle works at a refinery and told me that it takes three months for oil to go through the refining process and to the pumps. So it will take three months for the 70$ a barrell oil to make it to our gas pumps. We are paying 3.00 for a gallon of gas for that 70$ barrell of oil that really only cost them 60$ a barell to buy. How does that make you feel that we are paying a premium price now for fuel that we will actually get in three months?



Yep. Gas stations hike their prices right along with the oil futures prices, but they don't mark them down if those oil futures prices fall. It's a total screw job.



Perfect example....following the London terror attacks, prices rose $.10 a gallon.....overnight. Took 3 weeks for those prices to come back down.

What THE FUCK does a london tram bombing have to do with oil/gas/production?????

The oil industry is our enemy, from top to bottom, they are screwing our country into the ground.
Link Posted: 9/6/2005 7:52:13 PM EDT
Link Posted: 9/6/2005 7:52:43 PM EDT
[Last Edit: 9/6/2005 7:53:30 PM EDT by Winston_Wolf]

Originally Posted By Keith_J:

Originally Posted By Winston_Wolf:
... 2005 Quarterly Profit


Exxon Mobil, the world's largest publicly traded oil company, said Thursday that net income in the April-June quarter rose 32 percent to $7.64 billion

The newly merged Royal Dutch Shell announced a 34 percent increase in second-quarter profit to $5.24 billion

Shell's quarterly profit from exploration and production surged 48 percent to $2.7 billion

BP Group PLC, one of the world's largest oil companies, announced Tuesday that quarterly profits rose 29 percent on the strength of world oil prices, but said it was taking a $700 million charge to settle claims from a refinery explosion. Net profit came to $5.66 billion



And those TOTAL profits come out to $0.15 per gallon produced. Guess AGAIN.

How did I get that? Average production for the last year was 140 billion gallons.


Link Posted: 9/6/2005 7:53:55 PM EDT

Originally Posted By swingset:

Originally Posted By raven:

Originally Posted By tippman:
My uncle works at a refinery and told me that it takes three months for oil to go through the refining process and to the pumps. So it will take three months for the 70$ a barrell oil to make it to our gas pumps. We are paying 3.00 for a gallon of gas for that 70$ barrell of oil that really only cost them 60$ a barell to buy. How does that make you feel that we are paying a premium price now for fuel that we will actually get in three months?



Yep. Gas stations hike their prices right along with the oil futures prices, but they don't mark them down if those oil futures prices fall. It's a total screw job.



Perfect example....following the London terror attacks, prices rose $.10 a gallon.....overnight. Took 3 weeks for those prices to come back down.

What THE FUCK does a london tram bombing have to do with oil/gas/production?????

The oil industry is our enemy, from top to bottom, they are screwing our country into the ground.



Then start your own refinery. Or don't drive. Like I said, they only make $0.12 per gallon.
Link Posted: 9/6/2005 7:55:45 PM EDT
[Last Edit: 9/6/2005 7:55:57 PM EDT by roboman]

Originally Posted By Winston_Wolf:

Originally Posted By Keith_J:

Originally Posted By Winston_Wolf:
... 2005 Quarterly Profit


Exxon Mobil, the world's largest publicly traded oil company, said Thursday that net income in the April-June quarter rose 32 percent to $7.64 billion

The newly merged Royal Dutch Shell announced a 34 percent increase in second-quarter profit to $5.24 billion

Shell's quarterly profit from exploration and production surged 48 percent to $2.7 billion

BP Group PLC, one of the world's largest oil companies, announced Tuesday that quarterly profits rose 29 percent on the strength of world oil prices, but said it was taking a $700 million charge to settle claims from a refinery explosion. Net profit came to $5.66 billion



And those TOTAL profits come out to $0.15 per gallon produced. Guess AGAIN.

How did I get that? Average production for the last year was 140 billion gallons.





Apparently Keith didn't make it past middle-school math himself.....
Link Posted: 9/6/2005 7:56:00 PM EDT

Originally Posted By Keith_J:

... Like I said, they only make $0.12 per gallon.



... That's not what you said

... And you're wrong on both guesses
Link Posted: 9/6/2005 7:56:54 PM EDT

Originally Posted By Keith_J:

Originally Posted By swingset:

Originally Posted By raven:

Originally Posted By tippman:
My uncle works at a refinery and told me that it takes three months for oil to go through the refining process and to the pumps. So it will take three months for the 70$ a barrell oil to make it to our gas pumps. We are paying 3.00 for a gallon of gas for that 70$ barrell of oil that really only cost them 60$ a barell to buy. How does that make you feel that we are paying a premium price now for fuel that we will actually get in three months?



Yep. Gas stations hike their prices right along with the oil futures prices, but they don't mark them down if those oil futures prices fall. It's a total screw job.



Perfect example....following the London terror attacks, prices rose $.10 a gallon.....overnight. Took 3 weeks for those prices to come back down.

What THE FUCK does a london tram bombing have to do with oil/gas/production?????

The oil industry is our enemy, from top to bottom, they are screwing our country into the ground.



Then start your own refinery. Or don't drive. Like I said, they only make $0.12 per gallon.



Ahem. I believe you said 15 cents a gallon.


Originally Posted By Keith_J:

Originally Posted By Winston_Wolf:
... 2005 Quarterly Profit


Exxon Mobil, the world's largest publicly traded oil company, said Thursday that net income in the April-June quarter rose 32 percent to $7.64 billion

The newly merged Royal Dutch Shell announced a 34 percent increase in second-quarter profit to $5.24 billion

Shell's quarterly profit from exploration and production surged 48 percent to $2.7 billion

BP Group PLC, one of the world's largest oil companies, announced Tuesday that quarterly profits rose 29 percent on the strength of world oil prices, but said it was taking a $700 million charge to settle claims from a refinery explosion. Net profit came to $5.66 billion



And those TOTAL profits come out to $0.15 per gallon produced. Guess AGAIN.

How did I get that? Average production for the last year was 140 billion gallons.

How some of you made it past middle school math amazes me.



Care to try again, professor?
Link Posted: 9/6/2005 7:57:46 PM EDT

Originally Posted By roboman:

Originally Posted By Winston_Wolf:

Originally Posted By Keith_J:

Originally Posted By Winston_Wolf:
... 2005 Quarterly Profit


Exxon Mobil, the world's largest publicly traded oil company, said Thursday that net income in the April-June quarter rose 32 percent to $7.64 billion

The newly merged Royal Dutch Shell announced a 34 percent increase in second-quarter profit to $5.24 billion

Shell's quarterly profit from exploration and production surged 48 percent to $2.7 billion

BP Group PLC, one of the world's largest oil companies, announced Tuesday that quarterly profits rose 29 percent on the strength of world oil prices, but said it was taking a $700 million charge to settle claims from a refinery explosion. Net profit came to $5.66 billion



And those TOTAL profits come out to $0.15 per gallon produced. Guess AGAIN.

How did I get that? Average production for the last year was 140 billion gallons.





Apparently Keith didn't make it past middle-school math himself.....



+1
Link Posted: 9/6/2005 8:00:21 PM EDT

Originally Posted By Keith_J:

Originally Posted By swingset:

Originally Posted By raven:

Originally Posted By tippman:
My uncle works at a refinery and told me that it takes three months for oil to go through the refining process and to the pumps. So it will take three months for the 70$ a barrell oil to make it to our gas pumps. We are paying 3.00 for a gallon of gas for that 70$ barrell of oil that really only cost them 60$ a barell to buy. How does that make you feel that we are paying a premium price now for fuel that we will actually get in three months?



Yep. Gas stations hike their prices right along with the oil futures prices, but they don't mark them down if those oil futures prices fall. It's a total screw job.



Perfect example....following the London terror attacks, prices rose $.10 a gallon.....overnight. Took 3 weeks for those prices to come back down.

What THE FUCK does a london tram bombing have to do with oil/gas/production?????

The oil industry is our enemy, from top to bottom, they are screwing our country into the ground.



Then start your own refinery. Or don't drive. Like I said, they only make $0.12 per gallon.




Kiteh_J,

Let's see, you tell me to FOAD, because I said it was all greed last week, the Numbers come out and it's looking like it's all greed...............I know, I know........FOAD right?

Gouging, greedy corporations are what is wrong with this country
Link Posted: 9/6/2005 8:02:08 PM EDT

Originally Posted By Winston_Wolf:

Originally Posted By Keith_J:

Originally Posted By Winston_Wolf:
... 2005 Quarterly Profit


Exxon Mobil, the world's largest publicly traded oil company, said Thursday that net income in the April-June quarter rose 32 percent to $7.64 billion

The newly merged Royal Dutch Shell announced a 34 percent increase in second-quarter profit to $5.24 billion

Shell's quarterly profit from exploration and production surged 48 percent to $2.7 billion

BP Group PLC, one of the world's largest oil companies, announced Tuesday that quarterly profits rose 29 percent on the strength of world oil prices, but said it was taking a $700 million charge to settle claims from a refinery explosion. Net profit came to $5.66 billion



And those TOTAL profits come out to $0.15 per gallon produced. Guess AGAIN.

How did I get that? Average production for the last year was 140 billion gallons.





Why don't you post the 1999 profits? Profits in 1999? NOTHING
Link Posted: 9/6/2005 8:09:11 PM EDT
in nm gasses prices went from 3.00.99 to like 2.99.99
Link Posted: 9/6/2005 8:12:07 PM EDT
Are oil companies in business to do you a favor,or make money?
Link Posted: 9/6/2005 8:13:18 PM EDT

Originally Posted By dpmmn:

Originally Posted By Keith_J:

Originally Posted By swingset:

Originally Posted By raven:

Originally Posted By tippman:
My uncle works at a refinery and told me that it takes three months for oil to go through the refining process and to the pumps. So it will take three months for the 70$ a barrell oil to make it to our gas pumps. We are paying 3.00 for a gallon of gas for that 70$ barrell of oil that really only cost them 60$ a barell to buy. How does that make you feel that we are paying a premium price now for fuel that we will actually get in three months?



Yep. Gas stations hike their prices right along with the oil futures prices, but they don't mark them down if those oil futures prices fall. It's a total screw job.



Perfect example....following the London terror attacks, prices rose $.10 a gallon.....overnight. Took 3 weeks for those prices to come back down.

What THE FUCK does a london tram bombing have to do with oil/gas/production?????

The oil industry is our enemy, from top to bottom, they are screwing our country into the ground.



Then start your own refinery. Or don't drive. Like I said, they only make $0.12 per gallon.




Kiteh_J,

Let's see, you tell me to FOAD, because I said it was all greed last week, the Numbers come out and it's looking like it's all greed...............I know, I know........FOAD right?

Gouging, greedy corporations are what is wrong with this country



It is greed but on the CONSUMER side. You get the news that gas is going up a dime so you buy enough for a month and so do 5% of the other suckers. Then this causes a shortage so to combat this, prices are raised further. And so the turmoil begins...

Fear causes greed, greed causes shortage so you buy more. The prices have not been raised ENOUGH!

We have nothing to fear but fear itself!

The PROFITS over the past quarter are up from a 10 year average of $0.12 per gallon to $0.15. 3 pennies per gallon. BFD. Those profits are offsetting the $0.09 LOSS per gallon back in 1999.

Get over it. The only ones who survive make profit. Gone are the producers who didn't Ever hear of Amoco? It is now BP. Shell bought Texaco. Exxon bought Mobil. Valero bought Diamond Shamrock along with a slew of other refineries. These are the fallouts from the 1999 price collapse which led to many wells being shut off. When the prices rose in 2001, some of these wells cannot be restarted and so the production was lost.

Why the problem? For one, a cartel controls the majority and this cartel isn't domestic. When the supply dries up, smaller independents try to flood the market and the majors try to restore some of the shut-in production. Once all these get together, and there is a 3-18 month lag time, then we have too much production. People buy vehicles that get popor mileage because they can afford the fuel. People also drive more because they can afford the fuel.

When we have a shortage of crude supply WITH high demand, we get these periods of short supply. But the people who thought there was some stability in the market are now forced to do with less and they cannot understand why.

Link Posted: 9/6/2005 8:18:30 PM EDT

Originally Posted By dpmmn:

Kiteh_J,

Let's see, you tell me to FOAD, because I said it was all greed last week, the Numbers come out and it's looking like it's all greed...............I know, I know........FOAD right?

Gouging, greedy corporations are what is wrong with this country



DPMMN,
You are talking like a DU whiner.
If you don't like the gouging, greedy corporations, don't buy their stuff!

I hate the high fuel prices. I drive a bigg@ss truck over 50 miles a day to & from work, and the added cost is very annoying.

However, my principles lead me to support the greedy, gouging companies. I'm a capitalist, and I believe socialism and communism are freaking evil!

What do you want? Government to step in and seize the oil companies? Put price caps on fuel? Regulate how much profit a company can make? All of these “solutions” are straight from the socialist/communist playbook, and have proven to make things much worse.

Quit whining and find your own solution for your problem. And don’t propose solutions that my problems worse!

Link Posted: 9/6/2005 8:19:51 PM EDT
[Last Edit: 9/6/2005 8:20:39 PM EDT by dpmmn]
.
Link Posted: 9/6/2005 8:22:30 PM EDT

Originally Posted By dpmmn:
.



Cat got your fingers?
Link Posted: 9/6/2005 8:24:17 PM EDT

Originally Posted By Keith_J:

Originally Posted By dpmmn:
.



Cat got your fingers?





No not at all, The Radio distracted me and I forgot what I was going to type
Link Posted: 9/6/2005 8:25:49 PM EDT

Originally Posted By dpmmn:

Originally Posted By Keith_J:

Originally Posted By dpmmn:
.



Cat got your fingers?





No not at all, The Radio distracted me and I forgot what I was going to type



What? Another rumor of gas prices?
Link Posted: 9/6/2005 8:26:33 PM EDT
[Last Edit: 9/6/2005 8:27:12 PM EDT by swingset]

Originally Posted By Pistonman:
Are oil companies in business to do you a favor,or make money?



Better question, is the entire oil industry stifling competition, acting in collusion, and hurting our economy by playing fuck-me games with the commodity that DRIVES THE WORLD??

It's not like they're making play-doh, they're powering EVERYTHING THERE IS, EVERYWHERE.

They had better be the most honest industry, or we all suffer. Guess what? A lot of the world is suffering because the way they operate is slimy.

I'm not sucking the oil executives balls just to claim I'm a free-market republican. A free market would mean we have a choice in how we power and produce our goods. We don't, one singular body of business controls it all, and we're not changing that.

KeithJ, I'd be happy to start my own refinery and make gas. All I need to do is usurp the British financiers and OPEC to allow me unrestricted access to crude and operating licences in the 50 states to sell my gas after paying off every lobbyist in congress to get EPA green lights. It's not like the oil industry has this wall of nails setup to keep themselves alone on the mountain or anything.
Link Posted: 9/6/2005 8:32:05 PM EDT

Originally Posted By Keith_J:

Originally Posted By dpmmn:

Originally Posted By Keith_J:

Originally Posted By dpmmn:
.



Cat got your fingers?





No not at all, The Radio distracted me and I forgot what I was going to type



What? Another rumor of gas prices?



Nope the Weather
Link Posted: 9/6/2005 8:34:52 PM EDT

Originally Posted By swingset:

Originally Posted By Pistonman:
Are oil companies in business to do you a favor,or make money?



Better question, is the entire oil industry stifling competition, acting in collusion, and hurting our economy by playing fuck-me games with the commodity that DRIVES THE WORLD??

It's not like they're making play-doh, they're powering EVERYTHING THERE IS, EVERYWHERE.

They had better be the most honest industry, or we all suffer. Guess what? A lot of the world is suffering because the way they operate is slimy.

I'm not sucking the oil executives balls just to claim I'm a free-market republican. A free market would mean we have a choice in how we power and produce our goods. We don't, one singular body of business controls it all, and we're not changing that.

KeithJ, I'd be happy to start my own refinery and make gas. All I need to do is usurp the British financiers and OPEC to allow me unrestricted access to crude and operating licences in the 50 states to sell my gas after paying off every lobbyist in congress to get EPA green lights. It's not like the oil industry has this wall of nails setup to keep themselves alone on the mountain or anything.



You don't need a license to sell gas in but one state unless you are building a pipeline to a terminal in another state. Refineries only sell to distributors in their state and that is only to the local distributors. The majority goes into a pipeline where it is stored at the terminal. There are terminals within 50 miles to most major cities. Some have more than three terminals.

And while many larger refiners have some control on distribution, most fuel is terminaled by independent operators.

Anyone can buy crude. That is the LEAST of your worries. The biggest? EPA and OSHA. Then unions.

If you think a blip in the price will justify new refniery construstion, think again. This too will pass and the refineries will be operating in the red, just like they were from 1998 to 2001. And before that, 1986-1990. And 1992-1995.

Admittedly, this is a major period but just like 1979, it will pass.
Link Posted: 9/6/2005 8:42:32 PM EDT

Originally Posted By jmzd4:
price gouging, plain and simple





+1
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