Also... people have to make profit... not only do the transportation companies have to make profit but so do the gas stations... not to mention everyone in between. You really can't expect something in the US to cost the same as it would in its country of origin?
I live about 5 hours from an oil supply that rivals Saudi Arabia's....and I'm paying just under $5/gallon.
Trust me, it doesn't come close. Reserves in the US (if that is where you live-sorry if I'm wrong) are an order of magnitude less than Saudi Arabia.
http://en.wikipedia.org/wiki/Tar_sands
I remember reading a long time ago that they needed oil to surpass $40/barrel to make the extraction viable....wonder how they're making out these days :rolleyes:
"They" are still a collection of competing companies. The price of gas could certainly return to $1.00 / gallon. In fact, the price of gas could probably return to $0.50 / gallon if conditions allowed for it.
In 1981, gas peaked at nearly $2.90 / gallon (inflation adjusted). Seven years later, it was half that. Now, it's 3 times the 1988 level. In other words, gas prices fluctuate and they don't fluctuate because oil companies are greedy or altruistic. They fluctuate in response to economic and politcal motivators such as supply, demand, competition, monopolization, regulation and regional conditions.
If you drilled in Alaska and introduced significant new oil supply into a competitive oil market and a competitive refining market with excess capacity, the price of a gallon of gas would certainly come down. How much it would come down is certainly open for debate. But to suggest that introducing new supply that outpaces demand into a competitive market without bottlenecks would have no affect on prices is no different than suggesting that a lead weight dropped off of the Empire State building would float magically beneath your hand.
It really is amazing then how there are so many oil billionaires . If it's not all about profit and money, why are the oil companies so powerful? Why does the cost of oil dictate economies? Yes, I'm sure the good old oil companies are simply trying their best to keep the prices down for us poor little people
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
If you drilled in Alaska and introduced significant new oil supply into a competitive oil market and a competitive refining market with excess capacity, the price of a gallon of gas would certainly come down. How much it would come down is certainly open for debate. But to suggest that introducing new supply that outpaces demand into a competitive market without bottlenecks would have no affect on prices is no different than suggesting that a lead weight dropped off of the Empire State building would float magically beneath your hand.
I strongly disagree with your comparison. Believing laws of economies are as stable and trustworthy as laws of physics is one of the major problems I have with globalisation. If you introduce enough Alaskan oil to outpace demand in the market you'd still have quite a few things that could make things go wrong and make the price of oil stay high. For instance war. Or major growth in the car business in Asia!
I hate it when people try to make us believe the law of supply and demand is such a strong truth. If economic laws were so trustworthy there would be no speculation (v. :
1. To meditate on a subject; reflect.
2. To engage in a course of reasoning often based on inconclusive evidence.
3. To engage in the buying or selling of a commodity with an element of risk on the chance of profit.). If I let a rock go from my hand I'd find nobody willing to bet it'll stay up.
I hate it when people try to make us believe the law of supply and demand is such a strong truth.
Agree completely! Take the taxes on cigarettes for one.. there's no reason not to tax them completely through the roof... charge 100euro per pack or something ridiculous... other than that people will then stop buying them. It's in their own best interest to keep the prices such that the normal people can still afford, while also having it pretty high.
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
http://en.wikipedia.org/wiki/Tar_sands
I remember reading a long time ago that they needed oil to surpass $40/barrel to make the extraction viable....wonder how they're making out these days :rolleyes:
Well be a smart ass and throw out a curve ball like that Was referring to in place oil reserves. You have to refine oil tar first........otherwise its just tar.
Agree completely! Take the taxes on cigarettes for one.. there's no reason not to tax them completely through the roof... charge 100euro per pack or something ridiculous... other than that people will then stop buying them. It's in their own best interest to keep the prices such that the normal people can still afford, while also having it pretty high.
Thank you. There is no way that the oil companies that are making billion of dollars out of this would even consider giving up their profit. Not without some kind of regulation- a real one. Where are the regulations and does anyone know what they are? No one is doing anything about this. I remember the early eighties when gas went up to 1.50 and then went back down to 1.20. Don't know if it had anything to do with more supply, the truckers strike or maybe just because everyone started buying smaller cars to save gas. But the point is that they didn't set the prices back down to .89 gal where they could have been and they would still make a profit.
Now that they have had a taste of the green disease, do we all really think that they will be nicey nice and cut their profits in half? If they are making billions of dollars now, why aren't they cutting the prices in half now? We're dillusional if we think that we'll ever see 1.00 gal again. If we drill in Alaska, then someone will profit off of it. Whether it's the drilling companies, the refining companies, or the gas stations.
Unless we find some alternative way, and we pay the 4.00 gallon, they will still make billions off of us. Oh and don't forget the government who is definitely making a pretty penny off of their income. I don't understand economics, but I do know that others set prices that people will pay. And they set the prices at the rim of what will make or break you. They want to make as much profit as they can without deterring customers from buying.
I will hold the candle until it burns up my arm. I'll keep taking punches until their will grows tired. I will stare the sun down until my eyes go blind. I won't change direction and I won't change my mind.
It really is amazing then how there are so many oil billionaires .
Why is that amazing? They sell one of the most desired goods in the world. Are you surprised that Bill Gates is a billionnaire? Are you surprised that the Waltons are billionnaires?
If it's not all about profit and money, why are the oil companies so powerful?
Your logic makes no sense. Profit and money are functions of economics, just like prices. The fluctuation of oil prices doesn't mean that oil companies can't be powerful or make a profit.
Why does the cost of oil dictate economies?
For the same reason the cost of food dictates economies -- it is a widely used good that, in part, forms the basis of our society.
Yes, I'm sure the good old oil companies are simply trying their best to keep the prices down for us poor little people
They're not! Nor should they be. They should be keeping prices exactly where they need to be to sell their product. And if one introduced more supply into the market, it becomes harder for them to sell their product at a high cost. It's not complicated and none of your statements here even addresses that truth.
I strongly disagree with your comparison. Believing laws of economies are as stable and trustworthy as laws of physics is one of the major problems I have with globalisation. If you introduce enough Alaskan oil to outpace demand in the market you'd still have quite a few things that could make things go wrong and make the price of oil stay high. For instance war. Or major growth in the car business in Asia!
I don't disagree with your last two contentions at all. A small increase in supply versus huge increases in demand or major instability would not equate to lower gas prices. However, your statements here seem to indicate that you actually understand some economic laws and the truth within them.
I hate it when people try to make us believe the law of supply and demand is such a strong truth. If economic laws were so trustworthy there would be no speculation (v. :
1. To meditate on a subject; reflect.
2. To engage in a course of reasoning often based on inconclusive evidence.
3. To engage in the buying or selling of a commodity with an element of risk on the chance of profit.). If I let a rock go from my hand I'd find nobody willing to bet it'll stay up.
LOL...I bet you'll find plenty of people to speculate and bet on weather patterns, something very much within the domain of the "stable and trustworthy laws of physics". Just because you cannot completely quantify a dynamic does not make that dynamic unquantifiable.
It really is amazing then how there are so many oil billionaires . If it's not all about profit and money, why are the oil companies so powerful? Why does the cost of oil dictate economies? Yes, I'm sure the good old oil companies are simply trying their best to keep the prices down for us poor little people
Is it amazing that there are billionaires in many industries??? Is it not the whole purpose of starting a company to make money??? So why should oil be any different.... And it's not oil companies fault that the US has based its economy on oil and it derivatives. The US and other countries could have decided years ago to invest in alternative energy sources or as the French have, nuclear energy.
Oil companies are in the business of making money, just like your local bakery is.
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Social awareness does not equal political activism!
5/23/2011- An utter embarrassment... ticketing failures too many to list.
Thank you. There is no way that the oil companies that are making billion of dollars out of this would even consider giving up their profit. Not without some kind of regulation- a real one. Where are the regulations and does anyone know what they are? No one is doing anything about this. I remember the early eighties when gas went up to 1.50 and then went back down to 1.20. Don't know if it had anything to do with more supply, the truckers strike or maybe just because everyone started buying smaller cars to save gas. But the point is that they didn't set the prices back down to .89 gal where they could have been and they would still make a profit.
Now that they have had a taste of the green disease, do we all really think that they will be nicey nice and cut their profits in half? If they are making billions of dollars now, why aren't they cutting the prices in half now? We're dillusional if we think that we'll ever see 1.00 gal again. If we drill in Alaska, then someone will profit off of it. Whether it's the drilling companies, the refining companies, or the gas stations.
Unless we find some alternative way, and we pay the 4.00 gallon, they will still make billions off of us. Oh and don't forget the government who is definitely making a pretty penny off of their income. I don't understand economics, but I do know that others set prices that people will pay. And they set the prices at the rim of what will make or break you. They want to make as much profit as they can without deterring customers from buying.
Do you think that that any of the major oil companies are private companies owned by some rich dude so that when they make profits all of the money goes into his bank account (or money bin perhaps)? They are not, they are publicly owned companies which means anyone who wants can get a share of those profits. When they make those billions in profits the money either goes back into the company or gets divided between the shareholders. Yes everyone uses gas, but at the same time pretty much anyone can buy shares in publicly traded oil companies, so I fail to see how it is an "us and them" situation.
Why is that amazing? They sell one of the most desired goods in the world. Are you surprised that Bill Gates is a billionnaire? Are you surprised that the Waltons are billionnaires?
Your logic makes no sense. Profit and money are functions of economics, just like prices. The fluctuation of oil prices doesn't mean that oil companies can't be powerful or make a profit.
For the same reason the cost of food dictates economies -- it is a widely used good that, in part, forms the basis of our society.
They're not! Nor should they be. They should be keeping prices exactly where they need to be to sell their product. And if one introduced more supply into the market, it becomes harder for them to sell their product at a high cost. It's not complicated and none of your statements here even addresses that truth.
Not one of my posts addresses that? Huh? Thats what I've been saying all along! Pretty much exactly what you've just said there... I said how they keep prices where they need to be in order to sell their product. where did I say otherwise? All of that is true... I just believe there's much more to it. Otherwise why are wars fought over oil? Why are governments even involved at all?
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
Is it amazing that there are billionaires in many industries??? Is it not the whole purpose of starting a company to make money??? So why should oil be any different.... And it's not oil companies fault that the US has based its economy on oil and it derivatives. The US and other countries could have decided years ago to invest in alternative energy sources or as the French have, nuclear energy.
Oil companies are in the business of making money, just like your local bakery is.
EXACTLY! I don't understand how you and FFG are now using MY logic to dispute what I'm saying? I've said all along that they make money... they make plenty of money... and that the US and other countries could have decided long ago to invest in alternative energy sources.
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
Do you think that that any of the major oil companies are private companies owned by some rich dude so that when they make profits all of the money goes into his bank account (or money bin perhaps)? They are not, they are publicly owned companies which means anyone who wants can get a share of those profits. When they make those billions in profits the money either goes back into the company or gets divided between the shareholders. Yes everyone uses gas, but at the same time pretty much anyone can buy shares in publicly traded oil companies, so I fail to see how it is an "us and them" situation.
Good point... I truly AM Roman Abramovich's equal
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
Do you think that that any of the major oil companies are private companies owned by some rich dude so that when they make profits all of the money goes into his bank account (or money bin perhaps)? They are not, they are publicly owned companies which means anyone who wants can get a share of those profits. When they make those billions in profits the money either goes back into the company or gets divided between the shareholders. Yes everyone uses gas, but at the same time pretty much anyone can buy shares in publicly traded oil companies, so I fail to see how it is an "us and them" situation.
I understand that others invest in oil companies- that they don't have one owner. How they share their profits is irrelevant. THEY (collective) are still gouging us. It's like charging $50 for a bottle of water during hurricaine Katrina. It's just not right.
When you say that pretty much anyone can buy into these companies- well I don't think that the average american can. I can barely put food on the table everyweek or save 10.00 a month, let alone invest in stock.
I will hold the candle until it burns up my arm. I'll keep taking punches until their will grows tired. I will stare the sun down until my eyes go blind. I won't change direction and I won't change my mind.
dont they sell gas by the liter in Europe and the middle east? there are about 4 liters in a gallon...are we talking about $.45 per liter? i cant imagine it would be $.10 per liter. if that is the case we are talking about $2 per gallon.
dont they sell gas by the liter in Europe and the middle east? there are about 4 liters in a gallon...are we talking about $.45 per liter? i cant imagine it would be $.10 per liter. if that is the case we are talking about $2 per gallon.
no the program I was watching converted it to price per gallon.
George Bush was in Saudi Arabia again begging for them to pump more oil. I guess the Dick Cheaney Energy Group didn't count on an oil crisis. Although, Enron representatives were invited to attend it. The current administration failed us and continues to fail us.
and I can't see myself moving there even if the gas is cheaper.
but I saw today on TV that Susan Sarandon is going to move out of the US if McCain gets elected. (They said why'd she not move already then for the Bush administration.)
Maybe she is moving there?
I know, I know...........
But seriously my son said that his history teacher was telling them that 2/3 of our oil is already coming from our sources and that only 1/3 is from Saudi. He said that also in the 70's when there was a gas crisis it was because we were relying on our own gas and could not function because we use so much of it. (the 70's were a blur evidently; I don't recall that..........hmmmmmm). I think we should really cut back. live as if it $100 a gallon and make an effort to go cold turkey on foreign oil. They blow and they don't like us so why make them rich? Maybe when we start pulling together to make a better US we will be happier and also live more intentionally, not only complaining ( I do it all the time; so by no means am I pointing the finger at anyone else; only you know if you are there as well) but changing the things we don't like. We still can do it; we do have the power, people.
Baby, You Wouldn't Last a Minute on The Creek......
Together we will float like angels.........
In the moment that you left the room, the album started skipping, goodbye to beauty shared with the ones that you love.........
wow. you just gave me a reality check and that is 4.19 today per gallon. I guess we can always have it worse.
but, why so much there?
I don't drive... but I'm pretty sure it's about 1.30euro per litre here... $2 so that's $8 a gallon... so quit moaning
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
wow. you just gave me a reality check and that is 4.19 today per gallon. I guess we can always have it worse.
but, why so much there?
Average wage is higher... and everything's more expensive... plus high government taxes.
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
This is big news and there is definetly more to this story. However, I don't think they will ever get to the bottom of what is truly happening. Supply and demand my ass. Just some crooked fuckers trying to make an extra billion at our expense. I hope some people get busted.
Seeing visions of falling up somehow.
Pensacola '94 New Orleans '95 Birmingham '98 New Orleans '00 New Orleans '03 Tampa '08 New Orleans '10 - Jazzfest New Orleans '16 - Jazzfest Fenway Park '18 St. Louis '22
Comments
read the thread snapperhead
I live about 5 hours from an oil supply that rivals Saudi Arabia's....and I'm paying just under $5/gallon.
Trust me, it doesn't come close. Reserves in the US (if that is where you live-sorry if I'm wrong) are an order of magnitude less than Saudi Arabia.
I remember reading a long time ago that they needed oil to surpass $40/barrel to make the extraction viable....wonder how they're making out these days :rolleyes:
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
I hate it when people try to make us believe the law of supply and demand is such a strong truth. If economic laws were so trustworthy there would be no speculation (v. :
1. To meditate on a subject; reflect.
2. To engage in a course of reasoning often based on inconclusive evidence.
3. To engage in the buying or selling of a commodity with an element of risk on the chance of profit.). If I let a rock go from my hand I'd find nobody willing to bet it'll stay up.
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
Well be a smart ass and throw out a curve ball like that
Thank you. There is no way that the oil companies that are making billion of dollars out of this would even consider giving up their profit. Not without some kind of regulation- a real one. Where are the regulations and does anyone know what they are? No one is doing anything about this. I remember the early eighties when gas went up to 1.50 and then went back down to 1.20. Don't know if it had anything to do with more supply, the truckers strike or maybe just because everyone started buying smaller cars to save gas. But the point is that they didn't set the prices back down to .89 gal where they could have been and they would still make a profit.
Now that they have had a taste of the green disease, do we all really think that they will be nicey nice and cut their profits in half? If they are making billions of dollars now, why aren't they cutting the prices in half now? We're dillusional if we think that we'll ever see 1.00 gal again. If we drill in Alaska, then someone will profit off of it. Whether it's the drilling companies, the refining companies, or the gas stations.
Unless we find some alternative way, and we pay the 4.00 gallon, they will still make billions off of us. Oh and don't forget the government who is definitely making a pretty penny off of their income. I don't understand economics, but I do know that others set prices that people will pay. And they set the prices at the rim of what will make or break you. They want to make as much profit as they can without deterring customers from buying.
Why is that amazing? They sell one of the most desired goods in the world. Are you surprised that Bill Gates is a billionnaire? Are you surprised that the Waltons are billionnaires?
Your logic makes no sense. Profit and money are functions of economics, just like prices. The fluctuation of oil prices doesn't mean that oil companies can't be powerful or make a profit.
For the same reason the cost of food dictates economies -- it is a widely used good that, in part, forms the basis of our society.
They're not! Nor should they be. They should be keeping prices exactly where they need to be to sell their product. And if one introduced more supply into the market, it becomes harder for them to sell their product at a high cost. It's not complicated and none of your statements here even addresses that truth.
I don't disagree with your last two contentions at all. A small increase in supply versus huge increases in demand or major instability would not equate to lower gas prices. However, your statements here seem to indicate that you actually understand some economic laws and the truth within them.
LOL...I bet you'll find plenty of people to speculate and bet on weather patterns, something very much within the domain of the "stable and trustworthy laws of physics". Just because you cannot completely quantify a dynamic does not make that dynamic unquantifiable.
Is it amazing that there are billionaires in many industries??? Is it not the whole purpose of starting a company to make money??? So why should oil be any different.... And it's not oil companies fault that the US has based its economy on oil and it derivatives. The US and other countries could have decided years ago to invest in alternative energy sources or as the French have, nuclear energy.
Oil companies are in the business of making money, just like your local bakery is.
Admin
Social awareness does not equal political activism!
5/23/2011- An utter embarrassment... ticketing failures too many to list.
Do you think that that any of the major oil companies are private companies owned by some rich dude so that when they make profits all of the money goes into his bank account (or money bin perhaps)? They are not, they are publicly owned companies which means anyone who wants can get a share of those profits. When they make those billions in profits the money either goes back into the company or gets divided between the shareholders. Yes everyone uses gas, but at the same time pretty much anyone can buy shares in publicly traded oil companies, so I fail to see how it is an "us and them" situation.
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
I understand that others invest in oil companies- that they don't have one owner. How they share their profits is irrelevant. THEY (collective) are still gouging us. It's like charging $50 for a bottle of water during hurricaine Katrina. It's just not right.
When you say that pretty much anyone can buy into these companies- well I don't think that the average american can. I can barely put food on the table everyweek or save 10.00 a month, let alone invest in stock.
and still jonesing for another show....
"the waiting drove me mad..."
no the program I was watching converted it to price per gallon.
oil prices go down the same day an investigation into price manipulation is announced....
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20080529/oil_probe_080529/20080529?hub=World
AHHHHHHHHH HA HA HA HA HA!!!!!!!
and I can't see myself moving there even if the gas is cheaper.
but I saw today on TV that Susan Sarandon is going to move out of the US if McCain gets elected. (They said why'd she not move already then for the Bush administration.)
Maybe she is moving there?
I know, I know...........
But seriously my son said that his history teacher was telling them that 2/3 of our oil is already coming from our sources and that only 1/3 is from Saudi. He said that also in the 70's when there was a gas crisis it was because we were relying on our own gas and could not function because we use so much of it. (the 70's were a blur evidently; I don't recall that..........hmmmmmm). I think we should really cut back. live as if it $100 a gallon and make an effort to go cold turkey on foreign oil. They blow and they don't like us so why make them rich? Maybe when we start pulling together to make a better US we will be happier and also live more intentionally, not only complaining ( I do it all the time; so by no means am I pointing the finger at anyone else; only you know if you are there as well) but changing the things we don't like. We still can do it; we do have the power, people.
Together we will float like angels.........
In the moment that you left the room, the album started skipping, goodbye to beauty shared with the ones that you love.........
in britain it's equivalent to over $10/gallon just now. sucks balls!
wow. you just gave me a reality check and that is 4.19 today per gallon. I guess we can always have it worse.
but, why so much there?
Together we will float like angels.........
In the moment that you left the room, the album started skipping, goodbye to beauty shared with the ones that you love.........
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
This is big news and there is definetly more to this story. However, I don't think they will ever get to the bottom of what is truly happening. Supply and demand my ass. Just some crooked fuckers trying to make an extra billion at our expense. I hope some people get busted.
Pensacola '94
New Orleans '95
Birmingham '98
New Orleans '00
New Orleans '03
Tampa '08
New Orleans '10 - Jazzfest
New Orleans '16 - Jazzfest
Fenway Park '18
St. Louis '22