Culprit of high oil price...

[ArmyGuy45]

Originally Posted by KI4LIV

It still irritates the hell out of me though how the oil companies are posting record profits, even though they are claiming that they are not gouging consumers.

You can't tell me that they aren't partially to blame for the fuel prices.

PLUS - why is it that if the price of oil goes up 10% today that tomorrow I see the jacked up price at the pumps, when I am buying fuel that was made from oil that was bought 3 months ago at the lower prices? WTH is that all about?

if you make one penny per gal ( just a figure ) and more gallons are being used.. your going to make more money.. china and India are in a industrial revolution.. so the amount of cars hitting the streets is increasing

[KI4LIV]

Originally Posted by ArmyGuy45

if you make one penny per gal ( just a figure ) and more gallons are being used.. your going to make more money.. china and India are in a industrial revolution.. so the amount of cars hitting the streets is increasing

The one penny per gallon is what each gas station makes, not the oil company. Achmed or Raheem at your corner "Kangaroo" gas station is the one getting that penny.

I can guarantee that the company that provides them with the fuel is making a heck of a lot more than that.

[LKB3rd]

The price of oil is going up because the value of the dollar is sinking. Other explanations are smoke and mirrors to hide this fact.

[KI4LIV]

The price of oil is up for all countries - so I guess you are saying that value Euro and every other type of monetary unit is going down the tube?

[ArmyGuy45]

what do you guys think of this?
YouTube - Grand Illusion - Gas prices are NOT going up

[LKB3rd]

Originally Posted by KI4LIV

The price of oil is up for all countries - so I guess you are saying that value Euro and every other type of monetary unit is going down the tube?

Yes. They all use fiat currency, supplied by central banks, where all money isn't really money. It is debt, with interest attached. To pay the interest, they create more debt, plus interest. Endless inflation is the only result.

[Brickboy240]

Oil companies make 7-8% profit...at best. They never see 10% profit.

News Flash: politiicans were bitching about oil's "obscene profits" back when oil was 26 bucks a barrel and most oil company's profits were identical to their current profits. Go to Glenn Beck's website and watch the film footage of Chucky Schumer whining about obscene profits back in the late 80s/early 90s when oil was 26 bucks a barrel. The junk that politicians and big media spew right now about the oil biz is the SAME JUNK they have been spewing for decades. Obviously, it works well, judging by the truckloads of misspeculation and disinformation going around here about this business.

The gas prices are high, because a number of things have reached critical mass at pretty much the same time. Here they are:

1) Our lack of domestic production and increased reliance on foreign oil for the past 30 years, that makes us VERY subject to hapenings on the world oil markets.

2) Increase in useage/demand for oil over the past 30 years with no increase in production during that same time period.

3) Unforseen (or unplanned for) spikes in demands by China and India for oil on the world market (of which #1 has made the USA more affected by).

4) No real workable/economically feasable alternatives to oil out on the consumer market in large numbers.

5) Inability of the US government to plan for or react to all of the above, over the past 30 years. Both parties share equal blame, along with all 3 branches of the US govt.


Thats it. Screw the speculators, greedy oil CEOs and all the other horsesh*t, paranoid fantasy phantom bad guys that everyone comes up with. They make for good reading and keep writers employed...but they're not in the top 5 reasons WHY the prices are where they are.

Oil compaines are merely taking this high price THEY pay on the world market (of which the USA is becoming not such a big player anymore) and passing it along to the end consumer. Their profit margins have not differed much in the past 30 years.

How many times do I have to repeat all of this stuff?

- Brickboy240

[KI4LIV]

Originally Posted by Brickboy240

How many times do I have to repeat all of this stuff?

- Brickboy240

Till you're blue in the face - I don't buy it.

[LKB3rd]

I agree that oil companies profits are obscene, but I am gonna repeat this til I am blue in the face. These are profits based in devalued money. One dollar today is worth $.03 compared to a dollar in 1913, the year the Federal Reserve took over the money supply, "for the stability of the currency" which was a crock, since they are the ones making obscene profits at our expense, as our saving are worth less and less, and we pay more and more, so they can create obscene amounts of money, which they charge interest on, and use to buy real items of worth. AND the bubble/burst cycle is also a result of this system. So much for currency stability.
Someone is going to say "Well mr. smarty pants, if the dollar is fake and worthless, then why can I buy a loaf of bread with it?"
Because of legal tender laws.

[Brickboy240]

Well...then don't buy it.

I only work in the biz and am right here on one of the largest refinery areas in the USA. Ground zero. Almost every family member works in some faction of the oil business and for some names you'd surely know.

...what could I possibly know about any of this, huh?

Stick you heads back in the sand and blame the greedy CEOs for gouging if it makes you feel better.

- brickboy240