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rising gas prices

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Originally posted by: blackangst1
Originally posted by: dmcowen674
Originally posted by: blackangst1
Originally posted by: GoPackGo
I think dave was wrong...its not drive for five...its drive for six. or more

Good. I hope so. More money in my retirement account 🙂 I think the pricepoint at which retail prices pass my overall COST for gas is about 16 bucks/gal. Otherwise Im ok with gas prices.

And no, Im not rich. Just a smart invester in my IRA and 401k.

All the money tied up in Oil Baron supported IRA and 401K funds should be seized immediately for a National Energy Policy.

Thank God it's a FREE market and not a totalitarian market like you want.

Then we'd all be broke.

What difference does it make?

Most will be broke anyway except for your rich heroes which is why they'll have a lot of people coming after them.
 
Originally posted by: blackangst1
Originally posted by: GoPackGo
I think dave was wrong...its not drive for five...its drive for six. or more

Good. I hope so. More money in my retirement account 🙂 I think the pricepoint at which retail prices pass my overall COST for gas is about 16 bucks/gal. Otherwise Im ok with gas prices.

And no, Im not rich. Just a smart invester in my IRA and 401k.


Would you please stop. I probably lost more money at the Hustler Casino last week, than you have in your entire portfolio. And yes... the current gas prices hurt me.
 
Originally posted by: tomywishbone
Originally posted by: blackangst1
Originally posted by: GoPackGo
I think dave was wrong...its not drive for five...its drive for six. or more

Good. I hope so. More money in my retirement account 🙂 I think the pricepoint at which retail prices pass my overall COST for gas is about 16 bucks/gal. Otherwise Im ok with gas prices.

And no, Im not rich. Just a smart invester in my IRA and 401k.


Would you please stop. I probably lost more money at the Hustler Casino last week, than you have in your entire portfolio. And yes... the current gas prices hurt me.

lol No, you didnt. I would bet you a years salary on that.
 
Originally posted by: nergee
Wasn't average gas prices around $2.85 / gal around this time last year? I just paid $2.93 for a gallon of regular.......

that's nothing. i just paid 3.43! :frown:
 
Originally posted by: Engineer
Originally posted by: dmcowen674
Originally posted by: Cerb
I think it's that the combination of less refining and lots of speculation causes higher prices than there should be.

If it's less refining then why are we not out of gasoline?

Per CNN this morning, there is currently a full 19 day supply of refined products in the US. Not sure how that stacks up historically. Typically, there is a drop around this time of year as refineries switch blends of gasoline from Winter blend to Spring/Summer blend. Refining capacity, in general, is just too damn small for the prices to not continue to go up. Unless more refining capacity is added, prices will continue to rise until demand balances.

CNN stated since the price has went above $2.50 per gallon, rise in demand has been cut from an anual 3.5% rise to a 1% rise and will likely go negative now that gasoline is at an average $3.03 in the US (all time high - non inflation adjusted - was in 2005 at $3.06).

Also, a blurb from CNN was that there is currently plenty of oil. Refining is the issue. But as I stated earlier....why build refineries when you're raking in record profits and paying your CEO up to $400,000,000 per year? No reason from their end.

The permit approval process to build existing refineries is so expensive that it's not fiscally sensible to do so - even though new refineries would probably be cleaner than our existing ones. Thanks, Sierra Club. We haven't had a new gasoline refinery built in this country in 25 years.
 
Wow. Its suprising how people who otherwise have a strong understanding of business become so dumb when faced with an emotional and personal argument like what they pay for gas.

Its supply and demand. If we (being US consumers) arent willing to give $3 or $4 a gallon someone else will. Oil isnt a commodity strictly used by America. Its a global commodity. Every country in the world uses oil to some extent or another. To hold American companies liable for price fixing is just absurd. Your more the welcome to petition your government to force oil companies to sell gas on the American market at $1/gallon. And you'll quickly find no gas anywhere.

Additionally, it is a refining capacity issue. Whens the last time a new refinery went up? You know how people like to joke around about those California libtards who block every new possible energy measure because of the harm? You know, no wind power because it kills birds, no nuke power because its scary, no geothermal because of global warming etc etc etc. Well, the same sh1t happens every day to get a new refinery in. Theres more red tape then trying to cvoer up a blow job in the Oval Office.

Then throw on top of that the whole tax issue. You know what the companies do with all that revenue? Alot of it goes back into exploration and research, or at the least allows companies to pursue this. Oil fields are being found in ever deeper and ever harsher regions of the globe. To bring those online takes vast amounts of money for research and equipment. We're drilling for fields in areas that even 10 years ago was thought impossible.

So, take a rising world demand with shipping restraints and throw in some local aspects such as rising taxes (or repeal of tax breaks) and inability to build more refineries, increasing emission restrictions and voila. You have high gas prices.

But to be honest, the price to fill my car doesnt concern me much. What concerns me is the entire way of life for first world countries is pinned to gas prices. Food, medicine, entertainment, everything we have today is held up by cheap oil. When that goes up your cost of living across the board goes up. Thats what scares me.

But I do have a question. Why does no one bother with Toyota? They have posted record profits and are now the moist successful auto manufacturer on the planet. Everyone says "Good job Toyota!'. Every says "Big 3 has crapppy management!"
Well, why is it if Toyota is successful everyone praises the exec's for doing a goood job. When the Big 3 does poorly everyone ridicules the exec's for doing poorly. When the energy companies do well everyone thinks the exec's are theives.

Wow, thats irony there isnt it?
 
Originally posted by: dmcowen674
Originally posted by: blackangst1
Originally posted by: GoPackGo
I think dave was wrong...its not drive for five...its drive for six. or more

Good. I hope so. More money in my retirement account 🙂 I think the pricepoint at which retail prices pass my overall COST for gas is about 16 bucks/gal. Otherwise Im ok with gas prices.

And no, Im not rich. Just a smart invester in my IRA and 401k.

All the money tied up in Oil Baron supported IRA and 401K funds should be seized immediately for a National Energy Policy.

The thing I find most humorous is time and time again communist/socialism has failed, and yet the mindless and lazy in society always want that form of government.

We know right where you fit in.
 
Quite simply, because they can. And it's not just profits. There is a considerably powerful faction in this country that wants high gas prices in order to get people out of their cars.
To me, it's a very very tough call. I hate high gas prices, but I also understand that economic reality dictates that the only thing that is going to get people out of their SUVs, and the only thing that will truly spur development into alternative fuels, is high gas prices. Sorry, I feel the need to deal with the real world, not your emotional "oh how I wish" fantasies.
OTOH, I recognize that high energy prices send profits (redistributes wealth) to people and places that are very undesirable, i.e. Venezuela, the ME, and Russia. Just look at how Russia's tremendous newfound wealth is destablizing the political situation in Europe!
But... once again, these negative realities help spur incentive into decreasing consumption and developing alternatives.

It would be, I suppose, convenient if reality would just conform to our easy black-and-white desires. Sadly, it won't and it never will. It's time for people to get over that type of thinking and move on to solutions.

The radicals may now begin their usual personal attacks. And no, Dave, I wasn't paid anything for this post.
 
Originally posted by: Specop 007
Wow. Its suprising how people who otherwise have a strong understanding of business become so dumb when faced with an emotional and personal argument like what they pay for gas.

Its supply and demand. If we (being US consumers) arent willing to give $3 or $4 a gallon someone else will. Oil isnt a commodity strictly used by America. Its a global commodity. Every country in the world uses oil to some extent or another. To hold American companies liable for price fixing is just absurd. Your more the welcome to petition your government to force oil companies to sell gas on the American market at $1/gallon. And you'll quickly find no gas anywhere.

Additionally, it is a refining capacity issue. Whens the last time a new refinery went up? You know how people like to joke around about those California libtards who block every new possible energy measure because of the harm? You know, no wind power because it kills birds, no nuke power because its scary, no geothermal because of global warming etc etc etc. Well, the same sh1t happens every day to get a new refinery in. Theres more red tape then trying to cvoer up a blow job in the Oval Office.

Then throw on top of that the whole tax issue. You know what the companies do with all that revenue? Alot of it goes back into exploration and research, or at the least allows companies to pursue this. Oil fields are being found in ever deeper and ever harsher regions of the globe. To bring those online takes vast amounts of money for research and equipment. We're drilling for fields in areas that even 10 years ago was thought impossible.

So, take a rising world demand with shipping restraints and throw in some local aspects such as rising taxes (or repeal of tax breaks) and inability to build more refineries, increasing emission restrictions and voila. You have high gas prices.

But to be honest, the price to fill my car doesnt concern me much. What concerns me is the entire way of life for first world countries is pinned to gas prices. Food, medicine, entertainment, everything we have today is held up by cheap oil. When that goes up your cost of living across the board goes up. Thats what scares me.

But I do have a question. Why does no one bother with Toyota? They have posted record profits and are now the moist successful auto manufacturer on the planet. Everyone says "Good job Toyota!'. Every says "Big 3 has crapppy management!"
Well, why is it if Toyota is successful everyone praises the exec's for doing a goood job. When the Big 3 does poorly everyone ridicules the exec's for doing poorly. When the energy companies do well everyone thinks the exec's are theives.

Wow, thats irony there isnt it?

Love your comments Specop. Unfortunately you are right-so many people base their opinions on emotion and not facts, and fail to see the whole picture. They dont understand that although Exxon (the 2nd largest company on the planet, overtaken by WalMart last month) posts what seem to be huge profits, their contribution to the overall economy in the way of jobs, research, etc is HUGE. People also forget how powerful our corperate economy actually is. Having worked in finance years ago, I am convinced that the Fortune 500 has more of an impact on our economy than legislation in DC does. The companies rule all-AS THEY SHOULD. People have no idea how much revenue these companies, especially energy companies, pump into our country.

You also bring up a huge point people also seem to not ackowledge-research and development (R&D for those of us who actually know something about corporations). If you look at the budgets of oil companies (which you can because they are public companies), a huge portion of their budget goes into research for things like cleaner refineries. Alternative fuels and energy. Fuel efficiency. Its not all about "selling gas for as much as they can". People are so shallow.

And a point I have brought up is this: ANYONE who can throw $25/month into a mutual fund can reap the profits of energy as well. But no. Just finger pointing, baron-calling lazy asses.
 
Originally posted by: Specop 007
Originally posted by: dmcowen674
Originally posted by: blackangst1
Originally posted by: GoPackGo
I think dave was wrong...its not drive for five...its drive for six. or more

Good. I hope so. More money in my retirement account 🙂 I think the pricepoint at which retail prices pass my overall COST for gas is about 16 bucks/gal. Otherwise Im ok with gas prices.

And no, Im not rich. Just a smart invester in my IRA and 401k.

All the money tied up in Oil Baron supported IRA and 401K funds should be seized immediately for a National Energy Policy.

The thing I find most humorous is time and time again communist/socialism has failed, and yet the mindless and lazy in society always want that form of government.

We know right where you fit in.

This is actually easier to understand than most people realize. What is the neverending rallying cry of communism? That it could work in a perfect world. And that begs the question, of course, what exactly is a perfect world? Answer: an opinion. A personal opinion at that.
So what are the "mindless and lazy in society" actually telling us when they make demands for such a form of government? That they selfishly want to force the world to conform to their own personal opinion of how they think it ought to be. Reality: not important. Democracy: a red herring. Altruism: bullsh!t. They want their cake and eat it. Now. Damn the cost to everyone else.
There is a reason why communism/socialism murdered 100 million plus people last century. Reality just isn't black and white simple. Scapegoats are the ultimate antithetical to science and rationalism, and the precursor to most violence. Sorry for the inconvenience.
 
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