No, we attacked Iraq so western oil companies wouldn't have as much price competition and could raise prices.
Modelworks
Lifer
- Feb 22, 2007
- 16,240
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Well, you see ths saudi's are in the process of building islands and hotels and casino, for when the oil runs out, and they need your cash to do it .
What are we going to do if they keep raising the price ?
Walk? Ride bicycles ?
They got us right where they want us.
And just think 100 years ago they were only concerned with goats and camels.
Iraq was supposed to be selling its oil to pay for the war.
Only its being smuggled out to countries like Iran on a daily basis.
Amazing how much a mess politicians can make without even trying hard.
A solution might be just 70 miles away.
Cuba has enormous oil reserves, but we have pissed them off so much in the past they aren't likely to share.
http://money.cnn.com/magazines...3/19/8402339/index.htm
We could build a pipeline directly from their, but no, we have to have a stupid embargo.
Queasy
Moderator<br>Console Gaming
- Aug 24, 2001
- 31,796
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We wouldn't even have to go to Cuba. We have large reserves of oil and natural gas off the Florida coast that we have access to but we deny ourselves the opportunity to drill there. Meanwhile, Cuba gave rights to China to drill for oil 50 miles or so off the Florida coast.
edit: see you added Spanish, Indian, and Norwegian companies too. Let's let everyone drill off the Florida coast but us...
let me also add:
1-all the convenience based products that demand oil as a raw ingredient...any PET bottles you consume for example, or the plastic bags you use to load up groceries....think about how many of those walk out the doors every day.
2- the cost in fees that CC companies charge gas stations/oil companies to process pay-at-the-pump transactions.
3-the fact that consumers still continue to drive the large vehicles that the auto makers produce.
We had an opportunity to avoid this wayyyyyy back when many now were not yet born, instead of looking for ways to make alternative fuel sources, look up Brazil and sugar cane on google to see what they did....hell they worked with GM to develop cars to run on that alternative fuel ...why wouldn't GM do that here at home?...hint...they'll say that is not what the American public wanted.
Detroit just made smaller cars...then when the OPEC squeeze was off, it was back to things as normal because the American public has an unquenchable thirst for oil and an idea that it is an entitlement they deserve cheap and also all the convenience based products it provides.....what we have now is a result of that...and until the mentality changes.....you'll be paying higher and higher prices.
monopoly power.
basically they have you by the balls and since they can rape you for profits they will
Modelworks
Lifer
- Feb 22, 2007
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A bit of trivia for those interested.
When the car was first mass produced by Ford they all ran off ethanol.
It was the only thing available at the time.
Oil came along and was cheaper, so the switch was made.
Henry Ford said
?build a vehicle affordable to
the working family and powered by a fuel that would
boost the rural farm economy.?
One problem with ethanol though is that 1 gallon ethanol does not equal 1 gallon gas.
Its more like 1.25 gallons ethanol to drive the same distance as gasoline.
They need to make that clear when they quote prices for ethanol.
When the car was first mass produced by Ford they all ran off ethanol.
It was the only thing available at the time.
Oil came along and was cheaper, so the switch was made.
Henry Ford said
?build a vehicle affordable to
the working family and powered by a fuel that would
boost the rural farm economy.?
One problem with ethanol though is that 1 gallon ethanol does not equal 1 gallon gas.
Its more like 1.25 gallons ethanol to drive the same distance as gasoline.
They need to make that clear when they quote prices for ethanol.
Nobody wants to drive a 70HP K-car
So here we are at peak oil, are you a denier, doomer, technofix guy, bumpy plateau?
Me, bumpy plateau
http://www.peakoil.com/topics.html
So here we are at peak oil, are you a denier, doomer, technofix guy, bumpy plateau?
Me, bumpy plateau
http://www.peakoil.com/topics.html
The thing that gets me the most is the government trying to "punish" the oil companies by raising taxes on them. Yeah, that'll lower gas prices...-_-
It's really funny isn't it? Shamefully I think people just see a big number and think "OMG! Their profits are so 'windfall' and tremendous! We must take some of that!".
When in reality their profit levels are right in line of any other large company, it's the dollar amount people focus on when it should be the net percentage.
Well, we could. Sure, at the root we're dependent on oil and there's nothing we can do about that short-term, but what's the fuel economy of the average car on the road? We could probably cut our demand for oil by a third without any dramatic lifestyle changes if we bought more efficient vehicles.
Oh, I see. So when I paid $0.87/gallon back in 2001, that was before there was any government regulation or taxes. And they've started collecting almost $3.00/gallon in the last seven years. I suppose that would explain why the price of gas is suddenly much higher than it has been in the recent past.
This country has wasted the past 25 years by not coming up with more efficient vehicles.
As recently as the Gore/Bush election, people talking about hybrid or electric vehicles were being made fun of. The mid 70's oil crisis should have been the impetus for American car companies to come up with something that could already be in place today.
As recently as the Gore/Bush election, people talking about hybrid or electric vehicles were being made fun of. The mid 70's oil crisis should have been the impetus for American car companies to come up with something that could already be in place today.
- Oct 28, 1999
- 62,484
- 8,345
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We've absolutely come up with more efficient vehicles. Show me a 3500 pound sedan in 1970 that could run mid to high 14 second 1/4 mile and still pull 30MPG and pass the safety standards we have now.
It's just that we have craved bigger, faster, safer cars with economy as an after thought. It really is amazing the performance we are able to draw out of some the engines we have though compared to technology of 25 years ago.
My last car was an 88hp econo-box but got 30/39 MPG. I didn't mind driving it but make
no mistake, on the road owners of big SUV's and trucks WILL intimidate you...
The problem with the oil in the Rockies is that it's shale oil, which takes a great deal more effort and cost to extract than 'normal' oil. (plus the whole issue of what to do with the contaminated waste water left over by the process)
So even if there is a lot of it there, it is expensive (and slow) to extract.
Modelworks
Lifer
- Feb 22, 2007
- 16,240
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Another thing to remember is that the oil companies don't have any reason to pursue using shale oil or other sources, other than pressure from the public.
Your running a business that makes tons of money and sells a product people will pay big for. Why would you change what your doing ?
Just so the average joe can afford gas ?
Sorry oil companies are not charitable organizations, they don't care if you don't like high prices, just that you buy the product.
Your running a business that makes tons of money and sells a product people will pay big for. Why would you change what your doing ?
Just so the average joe can afford gas ?
Sorry oil companies are not charitable organizations, they don't care if you don't like high prices, just that you buy the product.
Why do we need more refineries when they are cutting back production on purpose???
4-4-2008 Refiners cutting production to boost profit margins
Producers are cutting back on output of the fuel due to the high cost of crude ? the more expensive crude is, the more refiners have to pay and the lower their profits are.
That cuts back on some of the supply and helps to pump up the price," said Mike Pina, a spokesman for AAA.
========================================
In my opinion completely illegal but hey you all enjoy paying more for on purpose lack of getting the job done.
If I purposely didn't do my job I would get fired.
These people get extra profits at your expense and you love it.
Queasy
Moderator<br>Console Gaming
- Aug 24, 2001
- 31,796
- 2
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???? The $37 is how much they were making last spring on each barrel of oil they refined last spring. They make $11 to $12 per barrel now. You know, first they have to buy the oil at $100+ then convert it to gas and other petroleum products to sell. At one point, they were losing money on each barrel of oil they converted.
In other words, refiners are making less profit now than they were a year ago and have actually been losing money at times because of the high cost of a barrel of oil.
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