No, but you could have started looking into alternatives in 2002, even though gas was cheaper...
You know, just in the rare, unprecedented case that gas prices went up
No, but you could have started looking into alternatives in 2002, even though gas was cheaper...
You know, just in the rare, unprecedented case that gas prices went up
Please cut the bullsh!t. In less than ONE YEAR gas pretty much doubled. Are you gonna tell me all of a sudden demand shot up by twice as much overnight? Never in the history of oil (at least for the last 30 years) have I ever seen anything like that. What you've listed above is something oil companies have been doing for years. So why the spike? Something crazy must have happened to cause this increase. And none of the explanations pan out.
Amused
Elite Member
- Apr 14, 2001
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Your post is absurd. First of all, the oil companies are not a government mandated monopoly. Secondly, the profit margin is LOWER for Exxon than it is for most monopoly utility companies.
Gas is neither a monopoly, nor a necessity. It is a convenience with prices set by an open market and world politics. It is nobody's fault but your own that you have based your life on it's use.
Weakened US dollar, worldwide demand goes up, supply goes down is impossible? Have you noticed the Canandian dollar creeping up on us?
But having Exxon double gas prices and only getting 11% profit margins is plausable? Where did all that money go? I guess you'd think they forged the financial reports.
What if you looked into alternative sources of fuel and found a very promising way to fuel everything without oil? Do you think the oil companies would just sit on the side lines? If I were them, I'd buy the patent and bury it. But I'm sure they'd never do something like that. I'm sure no one has thought of or invested in researching alternative fuels. This must be a new concept.Originally posted by: b0mbrman
No, but you could have started looking into alternatives in 2002, even though gas was cheaper...
You know, just in the rare, unprecedented case that gas prices went up
People seem to also forget that the price of crude oil doubled between 1998 and 2000, so dramatic shifts in the cost of gas are nothing new or necessarily an inherent part of an evil corporation's master plan.
Originally posted by: JackBurton
What if you looked into alternative sources of fuel and found a very promising way to fuel everything without oil? Do you think the oil companies would just sit on the side lines? If I were them, I'd buy the patent and bury it. But I'm sure they'd never do something like that. I'm sure no one has thought of or invested in researching alternative fuels. This must be a new concept.Originally posted by: b0mbrman
No, but you could have started looking into alternatives in 2002, even though gas was cheaper...
You know, just in the rare, unprecedented case that gas prices went up
It's a new concept? Could have fooled me...
Heck, even without hybrids, ethanol, and such, as a society, we could have shifted from gas-hungry SUVs and full-size pickups toward small cars and diesels years ago.
So it was the oil companies that buried the Geo Metro, the Chevy Prism, the Fiesta, the Daewoo line...and so forth...and I'm sure they used mind-control to make the top-three selling vehicles to the F-Series, Silverado, and Ram, since basically forever
Wow, I learn a new conspiracy every day on ATOT
I can't believe how many people can't understand the concept of profit margins. Yes revenues and profits are high, but margins are well below many many other companies. Suddenly a lot of people are sounding like communists when this discussion comes up in the news.
Originally posted by: LordMorpheus
Originally posted by: Marlin1975
All large oil/gas companies profits are up. But they have nothing to do with high gas prices and can;t bring them down either.
It's supply and demand. None of the oil companies have a controlling market share, so all of them are subject to the market. Fortunately for them, the market takes a long time to react so when profits swing up they stay there for a while until the market adapts to the new situation.
It's not their fault they are making money. There isn't some evil cabal that is artificially keeping prices where they are. Supply has gone down, demand has gone up = they laugh all the way to the bank, but it's just capitalism, not some evil plot.
What is funny is that Shell's headquarters in the Hague is this ridiculous new 220 million dollar gold plated thing, but they are having trouble finding money to perform some maintainence this year, but next year we've got some giant turnarounds and the same work will cost so much more, and if it discovers anything that needs fixing it will cost so much more to get the work done because there will be less prep time.
haha, get a brain, morans!
w..t...f...... are you even saying?
Jesus, kill my brain.
I think I just got shot in the face by his rhetoric gun.
Why do I feel that I am being treated like a drug user for complaing about the hike in gas.
Toastedlightly
Diamond Member
- Aug 7, 2004
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Amused
Elite Member
- Apr 14, 2001
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Wow.
Since when has Dick, or anyone that you fantasize about being in this "big oil" conspiracy ever told people to simply stop (or seriously limit) using oil products?
Oh, wait, you didn't think about that, did you? You remained focused on the part where it was pointed out that people are not entitled to gas, gas is NOT a necessity for life, and that oil companies are not a monopoly. All of which are true, but you hate to hear since you think all the world owes you something, and anyone who makes more money than you is evil.
Again, if you don't like gas prices, do everything you possibly can to stop buying it. There is no reason to live miles from work for the vast majority of people. Hell, most car trips are unnecessary. The fact of the matter is, people are so used to being able to travel everywhere by car that they cannot even fathom any other way of life.
That is NOT the oil company's fault.
Amused
Elite Member
- Apr 14, 2001
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Facts are not rhetoric.
Maybe because you're acting like an addict? Contrary to those with a nasty little sense of entitlement, gas is NOT a necessity for life. You CAN live without it. Sure, you will have to change the way you live your life, but you will NOT die.
And who knows, maybe if a lot of people start walking/biking everywhere they go, there wouldn't be so many fat asses in the world.
Not suprising. Americans lead the lifestyle of excess consumption and whine when they have to pay for it.
Originally posted by: bctbct
Originally posted by: slsmnaz
I have
See if you have that big grin one year after you bought that stock and figured that your dividends didnt cover your out of pocket fuel cost.
Thanks for the concern but all my dividends are reinvested to buy more. Just a good investment right now.
Amused
Elite Member
- Apr 14, 2001
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Again, gasoline is not a government sponsored monopoly. Utilities are.
And again, gas companies make a lower profit margin than most utilities.
And yes, you do NOT need running water and electricity to live. You are NOT entitled to these things. When prices on these things go up (natural gas anyone?) what do we do? We use less. Some even stop using it altogether (I know many people who have converted to all electric because of natural gas prices). Strangely enough, most people don't do this with gasoline.
So I'm a moron for pointing out that luxuries are not necessities?
Wow.
yhelothar
Lifer
- Dec 11, 2002
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Gasoline companies make a lower margin than utilities as their volume is much higher than utlities. Basic economy. The higher the volume, the lower your margin needs to be to cover the base costs. That's why buying in bulk is cheaper, and small companies generally charge more for products.
It does not justify gas companies' recent price gouging.
You could be a homeless man too. You can eat from garbage cans. Anymore is a luxury.
:roll:
Yes you are a moron.. and a pretentious douche.
Amused
Elite Member
- Apr 14, 2001
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The problem is, you think you are enetitled to more. You are not. You need to work for, and buy more.
And I fail to see how telling you and others that they are NOT entitled to these things makes me "pretentious." If anything, you believing you deserve these things and that they are necessities and not luxuries makes you pretentious, not me.
Finally, as for your Dave like conspiracy claim: There is NO evidence of price gouging. None.
yhelothar
Lifer
- Dec 11, 2002
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How the fvck does me thinking price gouging is wrong have to do with me thinking I'm entitled to gas?
You want to know the evidence to price gouging? Oil companies making record profits is a good sign of price gouging.
And don't give me the.. they deserve it bullshit.
They fvcking make more than IBM.
You want to know the evidence to price gouging? Oil companies making record profits is a good sign of price gouging.
And don't give me the.. they deserve it bullshit.
They fvcking make more than IBM.
Amused
Elite Member
- Apr 14, 2001
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Record profits are NOT evidence of price gouging. What would be evidence are higher than normal or historical profit margins.
Do you have evidence of a higher than normal or historical profit margin for Exxon? Do you have evidence of a conspiracy between oil companies?
And yes, you think you are entitled to gas at YOUR price... not their price.
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