Gas Price Gouging - Call it like it is

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  • flywallyflyflywallyfly Posts: 1,453
    THC wrote:
    Wasn't bush in the oil industry before he became president?
    Hmm...wonder who his friends are????

    He had several ventures in oil related fields but all were complete failures just like everything in his life. However, the Bush family is highly connected to oil companies and the Saudi royalty.
  • g under pg under p Surfing The far side of THE Sombrero Galaxy Posts: 18,200
    He had several ventures in oil related fields but all were complete failures just like everything in his life. However, the Bush family is highly connected to oil companies and the Saudi royalty.

    Nothing shocking there and he was a failure with his baseball team too. Do you think after he leaves office he go out on a World Tour Speaking engagement...oh but he will have made more than enough money from his Saudi buddies????

    Peace
    *We CAN bomb the World to pieces, but we CAN'T bomb it into PEACE*...Michael Franti

    *MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
    .....song_Music & Politics....Michael Franti

    *The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)


  • g under pg under p Surfing The far side of THE Sombrero Galaxy Posts: 18,200
    810wmb wrote:
    how can we control the oil fields if we are losing in iraq?

    If we aren't controlling the oil fields in Iraq, then who is IRAN???

    Peace
    *We CAN bomb the World to pieces, but we CAN'T bomb it into PEACE*...Michael Franti

    *MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
    .....song_Music & Politics....Michael Franti

    *The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)


  • If you dont like Gas Prices, go to Europe....... you will apperciate $3 a gal. alot more.
    model, role model, roll some models in blood
  • 810wmb810wmb Posts: 849
    g under p wrote:
    If we aren't controlling the oil fields in Iraq, then who is IRAN???

    Peace

    yes...that's why we should bomb them back to the stone age!
    i'm the meat, yer not...signed Capt Asshat
  • 810wmb wrote:
    how can we control the oil fields if we are losing in iraq?

    Iraq turmoil keeps supply down and prices up. Profitable for Saudi Arabia, profitable for big oil.
  • callencallen Posts: 6,388
    I have no choice in that I have to drive, i have to put gas in my car along with every other person i see on the road every morning. I complain about the price of gas because it is unlike any other type of purchase you make in my opinion. I buy fuel efficient cars also. The price of gas isn't breaking me in any way, but when you keep seeing the profits of these companies sky rocketing on a commodity that people have to purchase and can't do without it is frustrating. And when you see any storm enter the gulf they bump up the price by $.30 that is bullshit too. They have now figured out after the katrina disaster that they can charge anything they want to a certain extent and make more profit then ever before.
    If I want to purchase an object but it is too expensive in my opinion and many other peoples opinions, the price will eventually come down. Gasoline is not like this, we have to purchase it and have no option in controlling the price of it.
    waves...you can get a Yaris that gets what 40mpg...that will offset the price increase these past few years if your driving a car that's getting 20 mpg. If your already in an efficient vehicle..yea your kinda stuck.

    what this country needs is good public transportation.....
    10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG
  • callencallen Posts: 6,388
    810wmb wrote:
    yes...that's why we should bomb them back to the stone age!
    thinking you need to go down to your local army recruiter and sign up and ask to go to Iraq
    10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG
  • callencallen Posts: 6,388
    g under p wrote:
    Nothing shocking there and he was a failure with his baseball team too. Do you think after he leaves office he go out on a World Tour Speaking engagement...oh but he will have made more than enough money from his Saudi buddies????

    Peace
    thought of this...what happens to this clown when he leaves office......I mean who in their right mind would pay to have him speak
    10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG
  • jlew24asujlew24asu Posts: 10,118
    THC wrote:
    Wasn't bush in the oil industry before he became president?
    Hmm...wonder who his friends are????

    he also owned a baseball team. I keep waiting to see when major league baseball is going to play its first game in Kabul.
  • my2handsmy2hands Posts: 17,117
    callen wrote:
    what this country needs is good public transportation.....

    best post so far
  • my2handsmy2hands Posts: 17,117
    So exactly what would you have the government do to control gas prices? It is easy to say the government should do something, but what exaclty would you have them do? I gave an example in an earlier post about how capping prices usually only screws over station owners. The US has crazy low gas prices compared to a lot of places in the world. Gas in Canada is usually $1+ a litre (almost 4 bucks a gallon and we are a huge oil producing nation). More and more people all around the world are driving cars (car use in China is taking off like crazy) so gas companies have more customers than ever, which of course means they are going to have record profits. Plus if people control more than themselves how come nothing is ever done about this issue?

    plenty of people were driving cars in the year 2000...
  • Kel VarnsenKel Varnsen Posts: 1,952
    my2hands wrote:
    plenty of people were driving cars in the year 2000...


    Check out this article, car use in China is taking off like crazy. Their car market grew 25% last year with 80% of those people being first time car owners. With a country the size of China do you not think that that much of an increase would effect gas prices (and that was just last year)? Do people actually think that the United States is the only country that uses gasoline?

    http://news.bbc.co.uk/1/hi/business/6658583.stm
  • 810wmb810wmb Posts: 849
    callen wrote:
    thinking you need to go down to your local army recruiter and sign up and ask to go to Iraq

    too old
    i'm the meat, yer not...signed Capt Asshat
  • THCTHC Posts: 525
    jlew24asu wrote:
    he also owned a baseball team. I keep waiting to see when major league baseball is going to play its first game in Kabul.

    I was hoping you'd stop by this thread...the guy who doesn't believe bush and his cronies are making any money off this war. The oil industry has made the biggest profit of any sector in american history...and our Texas oil president...and the vice president who ran a huge oil company now making hundreds of millions in contracts...and Saudi Arabia...who had 17/21 9-11 terrorists on those planes...(yet their name NEVER EVER comes up in discussion of Terrorism...)...

    and you can't see any links??????????????

    wishful thinking pal....very dilusional...wishful thinking!!!!!!!!!!!!!!!!!!!!!!
    “Kept in a small bowl, the goldfish will remain small. With more space, the fish can grow double, triple, or quadruple its size.”
    -Big Fish
  • jlew24asujlew24asu Posts: 10,118
    THC wrote:
    I was hoping you'd stop by this thread...the guy who doesn't believe bush and his cronies are making any money off this war. The oil industry has made the biggest profit of any sector in american history...and our Texas oil president...and the vice president who ran a huge oil company now making hundreds of millions in contracts...and Saudi Arabia...who had 17/21 9-11 terrorists on those planes...(yet their name NEVER EVER comes up in discussion of Terrorism...)...

    and you can't see any links??????????????

    wishful thinking pal....very dilusional...wishful thinking!!!!!!!!!!!!!!!!!!!!!!

    there are millions of people making money from oil. you know why? cuz almost the whole world uses it.

    bush was in the oil business years ago. bush probably knows many people who are in the oil business.

    the price of oil is almost at $100 a barrel.

    shocking that some of those same people are making money huh?

    show me how bush is directly making money from this war? you really think he started a war in Iraq so he can make a few extra bucks?

    again, bush was in the baseball business too. why doesnt he start a baseball team in the middle east if its only about money?

    its easy for you to make a connection between bush-oil-and wars. its the most profitable business on this planet. keep smokin THC. you are a genius and putting this all together.
  • 810wmb810wmb Posts: 849
    jlew24asu wrote:
    bush was in the baseball business too. why doesnt he start a baseball team in the middle east if its only about money?

    classic
    i'm the meat, yer not...signed Capt Asshat
  • THCTHC Posts: 525
    jlew24asu wrote:
    there are millions of people making money from oil. you know why? cuz almost the whole world uses it.

    bush was in the oil business years ago. bush probably knows many people who are in the oil business.

    the price of oil is almost at $100 a barrel.

    shocking that some of those same people are making money huh?

    show me how bush is directly making money from this war? you really think he started a war in Iraq so he can make a few extra bucks?

    again, bush was in the baseball business too. why doesnt he start a baseball team in the middle east if its only about money?

    its easy for you to make a connection between bush-oil-and wars. its the most profitable business on this planet. keep smokin THC. you are a genius and putting this all together.

    can you explain to me why Saudi Arabia has never come up in the discussion of terrorism when 17/21 of the highjackers were from that country.

    does that not seem strange to you?

    maybe your patriotism is blinding you...

    Also, i was an economics major in college... 3.6 ave.
    For an industry to triple its price in seven years is a huge huge abboration...

    explain to me why Saudi Arabia is never ever spoken about by this government when we speak of terrorism...and i will say you have won this debate....
    “Kept in a small bowl, the goldfish will remain small. With more space, the fish can grow double, triple, or quadruple its size.”
    -Big Fish
  • THCTHC Posts: 525
    Saudi Arabia is the biggest oil producer in the Organization of the Petroleum Exporting Countries (OPEC). With one-fifth of the world's proven oil reserves, some of the lowest production costs, and an aggressive energy sector investment initiative, Saudi Arabia is likely to remain the world's largest net oil exporter. From January-November 2006, Saudi Arabia supplied the United States with 1.4 million barrels per day of crude oil, or approximately 14 percent, of U.S. crude oil imports.

    source- Energy Information Administration of the U.S. goverment.
    “Kept in a small bowl, the goldfish will remain small. With more space, the fish can grow double, triple, or quadruple its size.”
    -Big Fish
  • THCTHC Posts: 525
    I think a true patriot would want to know why we don't talk about Saudi Arabia...considering the vast majority of the 9/11 terrorist were from that country...
    “Kept in a small bowl, the goldfish will remain small. With more space, the fish can grow double, triple, or quadruple its size.”
    -Big Fish
  • jlew24asujlew24asu Posts: 10,118
    THC wrote:
    can you explain to me why Saudi Arabia has never come up in the discussion of terrorism when 17/21 of the highjackers were from that country.

    does that not seem strange to you?

    maybe your patriotism is blinding you...

    Also, i was an economics major in college... 3.6 ave.
    For an industry to triple its price in seven years is a huge huge abboration...

    explain to me why Saudi Arabia is never ever spoken about by this government when we speak of terrorism...and i will say you have won this debate....

    the saudi government didnt sponsor and train those terrorists. they were trained by el queda and sheltered by the taliban.

    I'm not going to defend the scumbag saudi government but they are "allies". we have several military bases and several business ties.

    they also, sometimes, crack down on extremism. sure they can do more, but what should we do? bomb and invade them? cuts off ties? what good would that do.

    and since you are such an expert in economics, you would understand the price of oil is set on the open market. the rich oil companies, including people bush know, are making money from a commodity that is openly traded on the world market. the have to buy that expensive oil, refine it, and sell it to us as gasoline. that means, for the most part, they dont get to set the price of the product they sell. if we all stopped using oil (which is impossible) those companies would go out of business.
  • jlew24asujlew24asu Posts: 10,118
    THC wrote:
    Saudi Arabia is the biggest oil producer in the Organization of the Petroleum Exporting Countries (OPEC). With one-fifth of the world's proven oil reserves, some of the lowest production costs, and an aggressive energy sector investment initiative, Saudi Arabia is likely to remain the world's largest net oil exporter. From January-November 2006, Saudi Arabia supplied the United States with 1.4 million barrels per day of crude oil, or approximately 14 percent, of U.S. crude oil imports.

    source- Energy Information Administration of the U.S. goverment.

    whats your point?
  • jlew24asujlew24asu Posts: 10,118
    THC wrote:
    I think a true patriot would want to know why we don't talk about Saudi Arabia...considering the vast majority of the 9/11 terrorist were from that country...

    again, so what? the saudi government isnt responsible for the actions of the individuals.
  • Heating Oil is $3.05/gallon in MA. Fucking absurd.
    Gasoline in MA is $2.89. Also fucking absurd.
    The price of heating oil wednesday was $2.79.
    All that's sacred, comes from youth....dedications, naive and true.
  • THCTHC Posts: 525
    jlew24asu wrote:
    again, so what? the saudi government isnt responsible for the actions of the individuals.

    Again...can you tell me why the name "Saudi Arabia" has not come up in discussion of terrorism ONCE...since 9/11.
    Esp. considering the majority of the highjackers where from that country?

    just tell me that is strange to you...if it is not...then i don't really understand you at all....

    and the part of Saudi Arabia...if gas has tripled...40% of that country's GDP (also from that previous link) has tripled since 9/11.
    quite a reward for a country who had 17/21 highjackers from that country.

    they bomb us...and get rewarded w/ a 3 fold increase in what constitutes 40% of the country's GDP.

    our governement mentiones them ZERO Times....ZERO.....ZERO....ZERO....
    “Kept in a small bowl, the goldfish will remain small. With more space, the fish can grow double, triple, or quadruple its size.”
    -Big Fish
  • jlew24asujlew24asu Posts: 10,118
    THC wrote:
    Again...can you tell me why the name "Saudi Arabia" has not come up in discussion of terrorism ONCE...since 9/11.
    Esp. considering the majority of the highjackers where from that country?

    just tell me that is strange to you...if it is not...then i don't really understand you at all....

    and the part of Saudi Arabia...if gas has tripled...40% of that country's GDP (also from that previous link) has tripled since 9/11.
    quite a reward for a country who had 17/21 highjackers from that country.

    they bomb us...and get rewarded w/ a 3 fold increase in what constitutes 40% of the country's GDP.

    our governement mentiones them ZERO Times....ZERO.....ZERO....ZERO....

    why are you pretending that saudi arabia attacked us on 9/11?

    were these 17/21 hijackers saudi soldiers? did the saudi government reward their families? did the saudi government train these people? did the saudi government order the attacks?

    how fucking thick are you. just because these people were born in saudi doesnt mean the saudi government is responsible for them.

    so stop saying "they" bombed us.
  • EbizzieEbizzie Posts: 240
    jlew24asu wrote:
    and since you are such an expert in economics, you would understand the price of oil is set on the open market. the rich oil companies, including people bush know, are making money from a commodity that is openly traded on the world market. the have to buy that expensive oil, refine it, and sell it to us as gasoline. that means, for the most part, they dont get to set the price of the product they sell. if we all stopped using oil (which is impossible) those companies would go out of business.

    Here's my question as a supporter of the free market...

    The ppb/oil increases dramatically. Exxon and the like therefore have to pay much higher prices for the crude prior to refinement. This would cause higher prices at the pump. That all makes sense, agreed?

    So where the fuck did $9.4 BILLION dollars in profit in a single quarter come from, down from $10.4 billion fucking dollars 3Q of last year? Why weren't they making this kind of money when crude prices were considerably lower?

    My opinion is that we are being gouged via a collective effort on the part of the oil companies. I don't see how it could possibly be disputed. As paco mentioned, BP even admitted to such practices.
    "Worse than traitors in arms are the men who pretend loyalty to the flag, feast and fatten on the misfortunes of the nation while patriotic blood is crimsoning the plains." -- Abraham Lincoln
  • my2handsmy2hands Posts: 17,117
    THC wrote:
    and Saudi Arabia...who had 17/21 9-11 terrorists on those planes...


    this is how powerful the media and it's propaganda is


    that list initially released about the hijackers... was quickly proven to be false with most found to be alive

    dont believe it? do some digging abd check it out for yourself
  • jlew24asujlew24asu Posts: 10,118
    Ebizzie wrote:
    Here's my question as a supporter of the free market...

    The ppb/oil increases dramatically. Exxon and the like therefore have to pay much higher prices for the crude prior to refinement. This would cause higher prices at the pump. That all makes sense, agreed?

    So where the fuck did $9.4 BILLION dollars in profit in a single quarter come from, down from $10.4 billion fucking dollars 3Q of last year? Why weren't they making this kind of money when crude prices were considerably lower?

    My opinion is that we are being gouged via a collective effort on the part of the oil companies. I don't see how it could possibly be disputed. As paco mentioned, BP even admitted to such practices.


    A 9.9 billion quarterly profit is mostly a function of Exxon Mobil's size. It had sales of $100 billion this quarter, more than any other U.S. company. Generally, the bigger the company, the bigger the bottom line.

    Most financial institutions are routinely more profitable than Exxon. For example, Exxon Mobil's gross margin of 9.8 cents of profit for every dollar of revenue pales in comparison to Citigroup 15.7 cents in 2004. By percentage of total revenue, banking is consistently the most profitable industry in America, followed closely by the drug industry.

    here is a good article I found....

    http://www.iht.com/articles/2007/10/15/business/oil.php
  • jlew24asujlew24asu Posts: 10,118
    my2hands wrote:
    this is how powerful the media and it's propaganda is


    that list initially released about the hijackers... was quickly proven to be false with most found to be alive

    dont believe it? do some digging abd check it out for yourself

    amazing how you believe whats posted on websites. lemme guess, robots flew the planes.
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