For all those bent over by high gas prices

[goodcents]

I know companies are in business to make profits but this is why they made anti-trust laws because they have the power to shut down the economy. Remember that enron fake power outtage shlt they were pulling? It was one big scam to keep prices up and ole bush washed his hands of it while they were fuking everyone.

[goodcents]

In the late 90's, the price of a barrel of oil was around $10, thus cheaper gas. Now the price is over $50/bbl, thus the gas price has to go up. Oil companies do not control the price of oil. It is a commodity and its price is affected by numerous factors: supply, demand, weather, political instability, etc..

I thought the oil companies controled the fields?

[stocky121]

you think you's have it bad try having your petrol (gas) taxed to **** we have it a lot worse

[gixxerboy1]

In the late 90's, the price of a barrel of oil was around $10, thus cheaper gas. Now the price is over $50/bbl, thus the gas price has to go up. Oil companies do not control the price of oil. It is a commodity and its price is affected by numerous factors: supply, demand, weather, political instability, etc..

I agree that the cost of a barrel went up. But they are making record profits. So like the wise goodcents said that's after the bill and buying the more expensive barrel of oil. They increased their profit margin allot

[longhorn814]

Yes they are making record profits, but thats b/c the price of their product has increased, but they dont control the price of a barrel. In the late 90's, when oil was $10/bbl, they were barely making profits at all. People were being layed off and downsizing was rapant. I know lots of people that lost their job during that time. Traditionally the oil industry has been very cyclical, where there are good times and bad times. Its a business just like any other, where their goal is to make money.

[goodcents]

I agree that the cost of a barrel went up. But they are making record profits. So like the wise goodcents said that's after the bill and buying the more expensive barrel of oil. They increased their profit margin allot

There's two words I have not seen put together w/o the word ass in it It's almost scary when someone agrees with me
But seriously, profits should keep pace with increases, I mean hell, I can't charge $200 a month for a tanning package. Supply and demand should not factor into stuff that we need (yes we fuking need gas, I can't feed my car grass and I don't have a place to keep a horse) such as oil, power and life saving drugs. Don't even get me started on drug companies!!!!!

[longhorn814]

Yeah i didnt think anybody agreed with anybody on here ever!! Theres a big difference between an elastic product (i.e. tanning packages) versus an inelastic product (oil and gas)..its basic economics..people will pay whatever for an inelastic product such as oil and gas b/c its needed, but the whole world doesnt need a tanning bed

[goodcents]

That's why it should be regulated Oil company executives being interviewed " I see nothing wrong with our profit margin, it fits in with other industries" wtf, what other companies post billions of dollars in profits 4 times a year? They need a real president that gives a shlt about the people to just say bullshlt, we are not going to let you control this country and if they bltch you just take the oil. My god bush is rich enough, how much more money does he need?

[goodcents]

I would put the middle east oil companies in there place too, guys running around in bed sheets fuking us any time they want, wtf? I would give Americans some pride again, we would kick some ass. I would personally stick my foot up there ass if I was president just to show the world I meant business

[goodcents]

The military would be a for profit group "we need some new tanks, well time to kick canada's ass again"

[longhorn814]

how can you regulate a commodity? The oil companies do NOT determine the price of oil. We have a dependance on foreign oil b/c certain groups of people are against drilling in the united states in what are deemed "environmental" areas where there are large quanties of oil and gas. If we produced more oil from our own country, you will see the price of gas lowered at the pump.

[kfrost06]

Don't forget a good portion of the price for each gallon goes to the government. In California $0.504 (i.e. 50.4 cents) of each gallon is tax. Heres a chart for your state...

http://www.energy.ca.gov/gasoline/st...tate_2002.html

[WEBB]

how can you regulate a commodity? The oil companies do NOT determine the price of oil. We have a dependance on foreign oil b/c certain groups of people are against drilling in the united states in what are deemed "environmental" areas where there are large quanties of oil and gas. If we produced more oil from our own country, you will see the price of gas lowered at the pump.

Well i am glad i am not the only one here that knows the other side, not just the pump price but the reasons...what do you do in the indusrty manb, i am a Instrumentation Mechanic up here in Alberta...

[IronReload04]

you guys have to understand haow Gas and oil works...it is not all about supply and demand ya know...in those countries it comes outta the ground and is almost ready to be used in cars....that means no cost for refining....also the refineries are a lot closer, you guys in the us and everywhere else get a lot of your gas from US, Canada and and Over Seas, so the transport costs are huge.....also we have a lot of extra tax, that screws you more than anything...in Canada we are one of the leading producers of oil and gas but the companies are american so we have it, ship it to the US and then have to buy it back at higher prices, there are also foreign companies that do the same to the US and everyone....i have worked in the oilfield for 11 years so it aint all supply and demand, cause between canada and the US we would have more than enough for just us two, but it aint that simple....

Any questions....

ya, 4-6 years ago gas prices were hella cheaper.........

1. 1. refining- has that changed in the last 4-6 years?
2. 2. shipping- is gas coming from farther places than the last 4-6 years?
3. 3. taxes- are they the same as they were 4-6 years ago, if not, why?

[IronReload04]

Thanks man, i hope i didnt seem like i was agreeing with these prices i am just as pissed as everyone, i have to run a fleet of 9 trucks and everyday that is 1000 bucks gas now, i cant get it from the customer i work for cause our rates are very competitive....there is just so much to gas prices people dont understand, i have a fairly good knowledge but even i dont know it all, i know your surprised, lol...

Oh and we totally forgot to mention politics in there before....Bush and his daddy have there hands in a few companies and that doesnt help, also there are alot of shit we never hear about or see that causes prices to rise...also these oil companies are major political supporters and if they arent makin millions either will the politicians...so it is a big screw job from every angle, just have to hope for the best....

i was going to mention bush and politics for number 4, but seems you acknowledge that

so, dont you think its bullshit simply because of bush and politics

[IronReload04]

For those that wanna bitch about gas prices here..move to Europe and see how much they pay!! If you want cheap gas then move to Saudi or Iran or Venezuela. Things work a lot different in those countries. I work in the oil & gas biz and most of you have no idea how much time and money it costs to get 1 barrel of oil or 1 MCF of gas outta the ground. I think the prices are more than reasonable all things considered.

again, they seemed pretty reasonable 4-6 years ago when gas was a buck, bucktwenty

[longhorn814]

Well i am glad i am not the only one here that knows the other side, not just the pump price but the reasons...what do you do in the indusrty manb, i am a Instrumentation Mechanic up here in Alberta...

Im a geologist for an oil company in Houston. Im involved with exploration and development work. Basically I find the hydrocarbons and figure out the best way to develop the field.

[IronReload04]

In the late 90's, the price of a barrel of oil was around $10, thus cheaper gas. Now the price is over $50/bbl, thus the gas price has to go up. Oil companies do not control the price of oil. It is a commodity and its price is affected by numerous factors: supply, demand, weather, political instability, etc..

see goodcents post....."record profits" right above your post

[IronReload04]

Yes they are making record profits, but thats b/c the price of their product has increased, but they dont control the price of a barrel. In the late 90's, when oil was $10/bbl, they were barely making profits at all. People were being layed off and downsizing was rapant. I know lots of people that lost their job during that time. Traditionally the oil industry has been very cyclical, where there are good times and bad times. Its a business just like any other, where their goal is to make money.

ok valid point

but surely gas doesnt need to be the 3.30 it gets in the summer time.

if what you are saying is true, doubling up to 2.00 even seems more reasonable.....i still smell fould play

[longhorn814]

i was going to mention bush and politics for number 4, but seems you acknowledge that

so, dont you think its bullshit simply because of bush and politics

I love how people try to pass the blame onto Bush when they dont know anything about the oil and gas business. Bush and the Republicans are proponets of moving away from our dependency on foreing oil and want to increase our domestic production, however the democrats dont want to drill for it in this country. If we increased our domestic production, you would see the price reflected at the pump. You realize what would happen if there were a disruption of our foreign supply? Gas prices would go sky high..thus the reason we need to move away from foreign oil dependance. The democrats preach about alternative forms of energy, however those are not feasible anytime in the forseeable future. Wind and solar can make a contribution to our electrical needs, but can not do much for our transportation needs. Ethanol can make a modest contribution to transporation at a significant economic cost..its just not economically viable at this point.

[longhorn814]

ok valid point

but surely gas doesnt need to be the 3.30 it gets in the summer time.

if what you are saying is true, doubling up to 2.00 even seems more reasonable.....i still smell fould play

the price of a bbl of oil is 5-6x higher than it was in the late 90's, just be glad that the price of gasoline isnt 5-6x higher or you would be paying $5-6 dollars a gallon. Thats what europeans pay!!

[longhorn814]

the price of gas has traditionally risen during the summer months too..more people are driving, taking vacations, etc..so the demand increases and it starts to decrease supply faster than it can be replenished. Simple supply and demand economics.