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How much would the price of gas be..

A

Aimster

Lifer
..
?

The top three oil companies made 96 billion in [/b] profit [/b] this year. That money is enough to bring down gas prices a lot.
 
Might cost half what it costs now at the pump. However out of your pay check each week will be a fuel tax provision(like SSI or Medicare) so kiss another 6 - 12% of your paycheck good bye.

 
Originally posted by: Aimster
..
?

The top three oil companies made 96 billion in [/b] profit [/b] this year. That money is enough to bring down gas prices a lot.
Click to expand...

Take those 96 billions, and share it to the a million gallons a day fuel consumption (or whatever the fuel consumption worldwide is), and you'll get a much smaller price reduction
 
Originally posted by: Aimster
..
?

The top three oil companies made 96 billion in [/b] profit [/b] this year. That money is enough to bring down gas prices a lot.
Click to expand...

You're not thinking logically.

When the government gets control of something, they always find a way to exploit it.

You want the government to have more power and influence on our lives? You're a fool if you do.

Gas would be 5 bucks a gallon if a bunch of idiot politicians controlled it. Politicians are not businessmen. Profit does not come automatically. It takes business talent.

"What if the government owned..." people have a lot of learn about politics.
 
We're all crying that oil companies are making record profits right now, but were we offering to help oil companies when they were hurting in the late 90's when oil was $12/barrel? I don't think we were.

There's going to be ups and downs in oil...in two years they could be hurting again.
 
if the liberals/greenies controlled it, about $10/gallon

$7 in taxes and $3 for producing it (production costs would be higher in a socialist/govt. run business due to lack of competition)
 
Not much different.

1) Oil prices are set by the global markets. Oil is being produced about as fast as it can - having US control all of the oil production won't affect that. So the supply part is unaffected. And the US has no direct control over world demand. Thus oil prices won't change much.

2) Much of the gas price spike is due to refinery limitations. We can't refine any more than we already are. Oil price != Gas price. We could have limitless oil, and if refineries are the bottleneck, then gas price will still be high.

3) Much of the gas price is due to taxes. Having US control of oil doesn't affect taxes.
 
Originally posted by: Fritzo
We're all crying that oil companies are making record profits right now, but were we offering to help oil companies when they were hurting in the late 90's when oil was $12/barrel? I don't think we were.

There's going to be ups and downs in oil...in two years they could be hurting again.
Click to expand...

They're gonna be hurting in 50 years when there is no oil left 😛
 
Originally posted by: Aimster
..
?

The top three oil companies made 96 billion in [/b] profit [/b] this year. That money is enough to bring down gas prices a lot.
Click to expand...

Yeah it made me sick when I heard recently how Exxon ( I think it was them) made had like a 70% profit increas last quarter. It goes to show you there is NO REAL reason why gas prices are so high these days. We are all being gouged by the big oil co's. They got it, we need it. . .therefore, we are screwed. Every mile we drive lines their pockets with bling $$ bling $$ and widens the growing economic divide between the rich and poor. The rich get stinking rich and the poor have to work their a$$es off. It'd be one thing if the companies were struggling to survive but 70% profit gain! That's insane! How fvckin greedy can people be!?
 
Originally posted by: ahurtt
Originally posted by: Aimster
..
?

The top three oil companies made 96 billion in [/b] profit [/b] this year. That money is enough to bring down gas prices a lot.
Click to expand...

Yeah it made me sick when I heard recently how Exxon ( I think it was them) made had like a 70% profit increas last quarter. It goes to show you here is NO REAL reason why gas prices are so high these days. We are all being gouged by the big oil co's. They got it, we need it. . .therefore, we are screwed. Every mile we drive lines their pockets with bling $$ bling $$ and widens the growing economic divide between the rich and poor. The rich get stinking rich and the poor have to work their a$$es off. It'd be one thing if the companies were struggling to survive but 70% profit gain! That's insane! How fvckin greedy can people be!?
Click to expand...

3 hurricanes, global warming, refineries at capacity and global increase in demand (cough china cough)... yeah theres no reason for price increase :roll:

Son you need to take some econonics...
 
Originally posted by: halik
Originally posted by: ahurtt
Originally posted by: Aimster
..
?

The top three oil companies made 96 billion in [/b] profit [/b] this year. That money is enough to bring down gas prices a lot.
Click to expand...

Yeah it made me sick when I heard recently how Exxon ( I think it was them) made had like a 70% profit increas last quarter. It goes to show you here is NO REAL reason why gas prices are so high these days. We are all being gouged by the big oil co's. They got it, we need it. . .therefore, we are screwed. Every mile we drive lines their pockets with bling $$ bling $$ and widens the growing economic divide between the rich and poor. The rich get stinking rich and the poor have to work their a$$es off. It'd be one thing if the companies were struggling to survive but 70% profit gain! That's insane! How fvckin greedy can people be!?
Click to expand...

3 hurricanes, global warming, refineries at capacity and global increase in demand (cough china cough)... yeah theres no reason for price increase :roll:

Son you need to take some econonics...
Click to expand...

Yet despite all this, Exxon can still post a 70% profit gain!? WTF?!
 
Originally posted by: halik

3 hurricanes, global warming, refineries at capacity and global increase in demand (cough china cough)... yeah theres no reason for price increase :roll:

Son you need to take some econonics...
Click to expand...

Do they teach you in economics that when the cost of good sold goes up, so does the profit?
 
Originally posted by: ahurtt
Yet despite all this, Exxon can still post a 70% profit gain!? WTF?!
Click to expand...
Do you even understand any economics at all?

Here is an example (subject changed to avoid passions you may have towards oil).
[*]Suppose you live on a beach and sell sand to tourists at $5 per bucket.
[*]Suppose you can physically dig only 100 buckets a day. There just isn't enough time to dig more each day.
[*]Suppose you sell all buckets you can dig.
[*]Suppose it costs you $1 to buy the bucket. So your daily profit is 100*($5-$1) = $400.
[*]Suppose sand is featured on a rap video, becomes a cool item, and every tourist must have one. Thus price soars to $10/bucket.

What happens? Now you make 100*($10-$1) = $900 each day. Were you evil? No. Did you price gouge? No. Did you rip off the customers? No.

Same thing with oil drilling companies. Their costs were the same, but price doubled. Guess what? Profits nearly double. Duh.

 
I saw on a commercial yesterday that Ford is supposed to have 250,000 ethanol vehicles in 2006. Anyone know about this?
 
Originally posted by: dullard
Originally posted by: ahurtt
Yet despite all this, Exxon can still post a 70% profit gain!? WTF?!
Click to expand...
Do you even understand any economics at all?

Here is an example (subject changed to avoid passions you may have towards oil).
[*]Suppose you live on a beach and sell sand to tourists at $5 per bucket.
[*]Suppose you can physically dig only 100 buckets a day. There just isn't enough time to dig more each day.
[*]Suppose you sell all buckets you can dig.
[*]Suppose it costs you $1 to buy the bucket. So your daily profit is 100*($5-$1) = $400.
[*]Suppose sand is featured on a rap video, becomes a cool item, and every tourist must have one. Thus price soars to $10/bucket.

What happens? Now you make 100*($10-$1) = $900 each day. Were you evil? No. Did you price gouge? No. Did you rip off the customers? No.

Same thing with oil drilling companies. Their costs were the same, but price doubled. Guess what? Profits nearly double. Duh.
Click to expand...

:thumbsup::cookie:
 
Originally posted by: dullard
Originally posted by: ahurtt
Yet despite all this, Exxon can still post a 70% profit gain!? WTF?!
Click to expand...
Do you even understand any economics at all?

Here is an example (subject changed to avoid passions you may have towards oil).
[*]Suppose you live on a beach and sell sand to tourists at $5 per bucket.
[*]Suppose you can physically dig only 100 buckets a day. There just isn't enough time to dig more each day.
[*]Suppose you sell all buckets you can dig.
[*]Suppose it costs you $1 to buy the bucket. So your daily profit is 100*($5-$1) = $400.
[*]Suppose sand is featured on a rap video, becomes a cool item, and every tourist must have one. Thus price soars to $10/bucket.

What happens? Now you make 100*($10-$1) = $900 each day. Were you evil? No. Did you price gouge? No. Did you rip off the customers? No.

Same thing with oil drilling companies. Their costs were the same, but price doubled. Guess what? Profits nearly double. Duh.
Click to expand...

How is that not gouging?
You just said the cost to them was the same, but the price doubled....
That's called ripping off customers. Doubling price for no reason is "fair"?
Yeah, they're businesses and they can do what they like, but I fail to see how it's fine to charge more when costs don't increase..
 
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