If its .50 -3.00 per gal here whats is the price in Europe? Tom
Here's whats funny about all this bullshit, if the supply is tight why are there not any lines at the gas stations, I remember in 71 or 72 when the arabs embargoed the US, the stations were closed early and on Sundays. Instead of going to the moon or mars why doesn't the govermemt build refinerys on federal land, at least 10 to start. Sure as hell isn't any crude on Mars or the Fucking moon! Tom
: Here's whats funny about all this bullshit, if the supply is tight why are : there not any lines at the gas stations, I remember in 71 or 72 when the : arabs embargoed the US, the stations were closed early and on Sundays. : : Instead of going to the moon or mars why doesn't the govermemt build : refinerys on federal land, at least 10 to start. Sure as hell isn't any : crude on Mars or the Fucking moon! : : Tom It's not a supply problem. It's just the fact that the market for crude is controlled by traders who have the rest of us by the short hairs and know it. Paul
ACtually, $6.10.4 as of money, with a bbc reported average of 90.2p/litre, and monday evenings exchange rate. Remmeber uk and us gallons are different sizes.
I used the currency converter at http://www.xe.com/ucc/ and the conversion of 3.7854 L/Gal (US liquid). I went wrong somewhere, because the number with the rate rate now is $6.18/gallon, which is much closer to your figure than mine. Mike
Energy companies are posting record profits. This is common knowledge. They'll use ANYTHING as an excuse to raise the price of oil. A king in Saudia Arabia dies. We should raise oil prices all over the world. There's a hurricane PREDICTED to hit the Gulf of Mexico. We should raise oil prices. You can drive by a gas station on your way to work one morning and on your way home that same station's gas is ten cents higher per gallon. Same gas in the underground tanks! :-( Amazing. If people would stop buying energy/oil companies' stocks, and also start unloading what they have you'd see gas prices come tumbling down. But it will never happen because too many people are making big bucks on energy/oil companies' stocks. No win situation for now. Ron M.
It's not a supply problem. It's just the fact that the market The explanation at that link does not exactly apply to the current situation, particularly the part about "Where the Money Goes". Profits are obscenely higher than 13% for the Oil companies, and the Arabs. Pauls explanation is exactly correct. We thought we were in a bad way when OPEC was controlling the price. We didn't know when we were well off. OPEC certainly could make it higher if they chose to, but they can no longer make it drop significantly, no matter how much they increase production. The traders and speculators are currently controlling that, and probably will for the forseeable future as manufacturing in the third world continues to grow. There is no shortage in the short term, but there is a large increase in demand. Bob
damned right it's not applicable. the "crack spread", or the difference between crude & refined fuel, is currently up near 20%. that's scary high and a far cry from more traditional values at around 5%. add to that all the monkey business about reducing calorific values and refineries mysteriously coming off line just like power stations in the middle of the california "electricity crisis", and you have an interesting picture indeed.
Why charge 50 cents a gallon for gas when people will pay $5.00 for it? plan and simple. The market will always go up for gasoline. Right now in the middle east you can buy gasoline right from the cows nipple, and it will only cost you say 0.13 (cents) usd for a gallon. American's still buy expensive cars, drive big ass SCHOOL bus looking SUV's, and because of it the rest of us have to suffer as you might want to say. We as people need to tell our government, this is enough!
Investors will not be selling their energy company shares any time soon so you can disabuse yourself of that notion. The way to bring down gasoline and diesel prices is to decrease the consumer's demand. The way to do that is for everyone to drive dinky little cars with 3 cylinder 900cc engines and to make airplane flight illegal except in emergency (whatever the bureaucrats determine that to be). It didn't require the help of Nostradamus to envision today's energy reality after the attacks of 9/11. I dumped my gas-guzzler and purchased a Civic 5-speed soon after that. It also can't hurt to keep some 5 gallon cans around to purchase gasoline on the days when the price is relatively low (don't leave them near the operating gas grill). I endured waiting in 1974 for gas in my '71 Cutlass 350 and vowed to never do that again. Recently the gas lines were a mile long in Pensacola before hurricane Dennis. DejaVu all over again.........
Because there's a faction of Americans that don't want them built and don't want us drilling for oil in the US.
Of course gas and diesel is only a portion of where the oil goes. Maybe you can stop buying products made out of plastic and fill your crankcase and transmission with corn oil as well...
Exon posted profits of 7.8 bilion this yr/5.2 billion last yr. You don't need a Stanford Education to fiqure whats really going on! Who's you Daddy??????????
Waiving the right to remain silent, Andy Dufrense Tree, but even a modest education could show you that oil companies can also lose money, as this cite shows: http://news.bbc.co.uk/1/hi/business/1615961.stm Why do you ask..?
