Oil prices are going down, but gas is going up...WTF???

[kellyinkc]

Here is my .02. Scott is right about the dollar and supply and demand. Not just our nation but China and India. Cars are being sold rapidly there.

Oil companies are in business to make money. Now will you complain how much the federal government "made"? 15% of the cost of gas is the federal gas tax. The oil company makes about 5% profit. Now who is gouging whom here??????
Hint it is a LOT more the the oil companies.
Now anyone here drink bottled water that is tap water sold in bottles for an outrageous price?



Blame Congress for High Oil Prices - WSJ.com
Blame Congress for soaring gas prices
We have the oil just that the greenies have said NO WAY!.

My mutual funds are doing quite nicely...... they are in oil.

[Surfer]

Originally Posted by kellyinkc

Here is my .02. Scott is right about the dollar and supply and demand. Not just our nation but China and India. Cars are being sold rapidly there


Oil companies are in business to make money. Now will you complain how much the federal government "made"? 15% of the cost of gas is the federal gas tax. The oil company makes about 5% profit. Now who is gouging whom here??????
Hint it is a LOT more the the oil companies.
Now anyone here drink bottled water that is tap water sold in bottles for an outrageous price?



Blame Congress for High Oil Prices - WSJ.com
Blame Congress for soaring gas prices
We have the oil just that the greenies have said NO WAY!.

My mutual funds are doing quite nicely...... they are in oil.

And heres the funny part, U.S. actually has enough oil to drill for to last generation upon generation, and thats just off estimates from test done, expected even more if actually drilled. Technology is now available for shale etc, problem is would take around 10+ years to see the effects b/c it is more involved. But thanks to all the tree hugger hippies we're screwed. Look at Alaska, only a very tiny % of land is being asked for for oil, but all the hippies say it will completely destroy the environment. They seem to think we're still oin the early 1900s with crude technology and machines, todays is actually very safe.

And the kicker is the same areas like off the coast of Fl and Gulf that tree hugger keep tied up in courts and won't allow, are the same areas that foreign countries are working together and looking at drilling themselves. Our country is run so ass backwards. The other reason were in trouble is b/c our oil facilities (I have some family/friends that are in oil) are so outdated and inefficient regardless of the updates they try doing, we haven't built anything in 30 years. We not only need more facilities, but more importantly newer ones that are efficient (other countries have facilities that make us look like a 3rd world country), this would also help with diesel which again b/c of our limited production can't handle demand for diesel, which is why diesel is now about a buck more then premium when just a few years ago it was cheaper then regular.

Wheres Cartman when you need him? Exterminate hippies/tree huggers lol

YouTube - cartman's hippie extermination plan

[kellyinkc]

Surfer, you hit the nail on the head!!!

I shudder to think what will happen to prices when hurricane season begins. June 1.....

Kelly

[supercharged]

Originally Posted by killrwheels@autogeek

simple supply and demand .... we demand it and "willing" to pay the costs. Most dont remember the 70's and gas crunch, it was the cutting back and slowing demand that helped equilize the pricing. We dont wanna give up our SUV's and other high demand products.

The valuation of our currency, the dollar, is also a bit to blame. We can buy less for our money and those bringing money into the US can now buy more.

Scott, Americans will be paying for gas wheather it's gonna be $5 or $6. But does that means it needs to go up this much??? I'm sure some powerfull politicians get a piece ot that "pie", so the higher the price, the more they get. And as far as 70's, I was born in 82...
I'm telling you guys, we don't need any more republicans, they are looking for the world to be a corporation, just wanna get fatter, and fatter, and fatter...

I don't have a problem filling it up, I'd just rather use those extra bucks on car care products...

[AlxRSPTT]

You guys do know that demand here and in Europe has gone down in the past few years, and we are the biggest consumers of all that oil. Yet prices keep going up. Demand isn't any greater than it has been and that is including China booming.It has gone down by 400,000 barrels a day, but I am not sure if that is global or just U.S.

It's the fact that the investors that set pricing here are completely ungoverned by anyone else so they can do whatever the hell they want as far as prices go.

Alex

[Surfer]

Originally Posted by AlxRSPTT

You guys do know that demand here and in Europe has gone down in the past few years, and we are the biggest consumers of all that oil. Yet prices keep going up. Demand isn't any greater than it has been and that is including China booming.It has gone down by 400,000 barrels a day, but I am not sure if that is global or just U.S.

It's the fact that the investors that set pricing here are completely ungoverned by anyone else so they can do whatever the hell they want as far as prices go.

Alex

Its the commodity speculators that are throwing the market out of wack

[Al-53]

Check out these prices....

China is a big user of gasoline but pay way less then we do...same with Russia...

CNN/Money: Gas prices around the world


the way the present government has set this countries pace..we will be a 3rd world country in no time...as gas goes up so does hard goods..food...and heating oil

wait till winter..with high gas prices food prices..whats left over to keep the house warm...

what Bush has spent on the war....made the dollar fall ..will take a decade to fix if possible....

two words ..We're screwed.....

Al

[nrengle]

But remember the governments in both China and Russia subsidize the price of gas for the consumer. So the government is paying a chunk for all those people...

I've been lucky to been to Moscow a few time. First time I was there, was around 2000, no one on the road, except for the uber elite, when I went back last year, you couldn't even cross the road without being hit! It's as bad as midtown NYC.

[kellyinkc]

I left out speculation in the market. I am waiting for the bottom to fall out, much like the tech bust and housing bust. I could be wrong though.

[supercharged]

check this out - Ramblings from a Hoodlum Pastor: Global Gas Prices & Arkansas

Notice that countries that drill their own oil don't have those crazy prices...But under republicans, they want it to go up, they don't wanna drill their own oil, they don't wanna give jobs to Americans...
they'd rather give jobs to foreign countries, and keep the income "offshore" somewhere in Switzerland...

NO MORE REPUBLICANS!!!