Well, let the federal government socialize the oil industry, as Maxine Waters says, and see what kind of prices you'll pay then. I promise you it won't be cheaper. When has the government EVER done anything more efficiently and at less cost than the private sector? The solution is to get the damn government off our backs and out of our wallets. It's not bashing oil companies or demonizing CEO's.
Hey, rlapham. Obviously, you are not listening. All of the areas the oil companies are told they can drill ... HAVE NO OIL! Sure! Drill in my back yard! THERE IS NO OIL THERE! We have to go where the oil is to get it.
If you knew anything about profit and loss, you would sing a different tune. Don't you know they make less than a dollar profit for every BARREL of oil they refine?
You are right, but that profit is the manufacturers profit, they have the whosale and retail profits also...... What happened to the mom and pop stations? The oil companies own them. WAKE UP!!
Where do you live? In my 'neck of the woods' there are 'mom and pop' stations everywhere. Sure, there are chains. But the local Exxon, the local Shell, the local Texaco, and on and on, are OWNED by our LOCAL friends and acquaintances. They get their gas from the oil company. They make a profit. We still have enterpreneurs here.
America is a CONSUMER DRIVEN SOCIETY. Stop buying Tahoes, Escalades, F-250s to get to the supermarket and we'll see change coming in cheaper gas prices. Toyota recently sold their 1 millionth Prius. As lithium battery tech and electric car tech comes into availabilty, BUT IT. Watch the change happen. Let's not just bitch and moan. Let's take action with our wallets.
We have done our part/ Americans have reduced demand by 25%. Their profits are coming from selling American Oil to Foreigners at 120-150 a barrel. Only cost
Read my posts and call your congressmen and tell them you'll vote their asses out if they don't get it right. It's NOT DRILLING OR EXPLORATION as much as building new refineries. Each oil refinery takes over four years to get up and running. NO NEW ONES are on the drawing board as of today-what does that tell you? It's more about price control than anything else. I drive a Prius. As soon as lithium battery tech is available I will drive an all electric car or a plug-in hybrid.
tHE oIL cOMPANIES chose not to build refineries...... it increases the profits. EVERYTHING THEY DO IS PROFIT DRIVEN. I didn't see any other companies making obscene profits during the crisis....everyone else got hurt.
This issue is so mired in government lobbying and oil company illegal price control. The biggest issue here is REFINERIES. There are presently ZERO, yes a big zip, zilch...No new refineries planned on the drawing board as of today. All oil companies say that it's not supply but the fact they cannot refine oil fast enough. Add to that, over one quarter of domestic refineries are in hurricane alley. Watch for oil prices to soar with no relief.
Here is another pisser, Alaskan oil is required to go to American Refineries. That meets the Alaska Pipeline law of 1973. Anyone can buy it now and does, 3/4 of it goes over-seas.
WASHINGTON (Reuters) - The U.S. economy will need months to recover from a growth slowdown caused by a home mortgage crisis, turmoil in financial markets and high energy prices, Treasure Secretary Henry Paulson said on Sunday.
Twelve months in a year, right?
Actually, it's a tossup whether the US economy will ever recover.
If one has not noticed, the USD is no longer the world reserve currency.
Anyone who has a basic knowledge of economics should know this oil economy does not benefit the purchaser, only the manufacturer. America gave up drilling in the 1980's for the lucritive profits in importing. How is it that they now profit? They have become suppliers, that's why. They are uncapping existing wells and pumping it at perhaps $25 a barrel and selling it to the world and Americans at the inflated price of $144 a barrel. American exports have increased 100%
Supply in America is not short, in fact American Oil Companies are selling OUr American oil on the world market and pumping American oil and selling it to us at inflated world prices. Exports have gone up 100% in the last year.
I guess they 'would' drill if they were not regulated to death in the areas. I guess they 'would' drill if it didn't cost more to drill than the profit they would make, afterall aren't they in the business to make money like every other business in the world? Great to have an educated 'sounding' opinion, facts and regs speak for themselves man. ANWR needs to be open for drilling- 2k acres- on a very small 'desolate' coastal plain- it is exactly 2,000 acres out of 19 MILLION!! acres that is ANWR.
I realize the regulation problem. What you fail to recogonize is the absolutely, positively, rediclous profits American Oil companies are making in this type of an economic flux. THERE IS ABSOLUTELY NO WAY FOR THEM TO MAKE THIS PROFIT WITHOUT GOUGING THE CONSUMER. Allowing drilling now, without identifying where the profits are coming from is stupid business practice, which got us here in the first place
No body is paying attention to high prices and high profits. They are just moaning about what they have to pay. We have to wake-up and smell the coffee, we are getting SCREWED by the american oil companies.
Get a rope and hang this piece of shit nigger by the neck and drag her around on the back of a pickup truck bumper
Then gather around and piss on her worthles corpse. Then burn her
dirkyblue 1 year ago
Well, let the federal government socialize the oil industry, as Maxine Waters says, and see what kind of prices you'll pay then. I promise you it won't be cheaper. When has the government EVER done anything more efficiently and at less cost than the private sector? The solution is to get the damn government off our backs and out of our wallets. It's not bashing oil companies or demonizing CEO's.
dmreeoogdaq 1 year ago
maybe they got bored and wanted to dig a hole?
I would if I didn't have a life. idk just sayin'
silver5149 2 years ago
Hey, rlapham. Obviously, you are not listening. All of the areas the oil companies are told they can drill ... HAVE NO OIL! Sure! Drill in my back yard! THERE IS NO OIL THERE! We have to go where the oil is to get it.
If you knew anything about profit and loss, you would sing a different tune. Don't you know they make less than a dollar profit for every BARREL of oil they refine?
jimguess 2 years ago
You are right, but that profit is the manufacturers profit, they have the whosale and retail profits also...... What happened to the mom and pop stations? The oil companies own them. WAKE UP!!
rlapham 2 years ago
Where do you live? In my 'neck of the woods' there are 'mom and pop' stations everywhere. Sure, there are chains. But the local Exxon, the local Shell, the local Texaco, and on and on, are OWNED by our LOCAL friends and acquaintances. They get their gas from the oil company. They make a profit. We still have enterpreneurs here.
jimguess 2 years ago
I have lived in California and Georgia and now Missouri and I do not see any Mom and Pop stations any more. They are virtually non-existent.
rlapham 2 years ago
Correction to my post: "BUY IT" not BUT IT..haha...sorry I type too fast!
lolsmileyface 3 years ago
America is a CONSUMER DRIVEN SOCIETY. Stop buying Tahoes, Escalades, F-250s to get to the supermarket and we'll see change coming in cheaper gas prices. Toyota recently sold their 1 millionth Prius. As lithium battery tech and electric car tech comes into availabilty, BUT IT. Watch the change happen. Let's not just bitch and moan. Let's take action with our wallets.
lolsmileyface 3 years ago
We have done our part/ Americans have reduced demand by 25%. Their profits are coming from selling American Oil to Foreigners at 120-150 a barrel. Only cost
33 to get it out of the ground.
rlapham 3 years ago
Read my posts and call your congressmen and tell them you'll vote their asses out if they don't get it right. It's NOT DRILLING OR EXPLORATION as much as building new refineries. Each oil refinery takes over four years to get up and running. NO NEW ONES are on the drawing board as of today-what does that tell you? It's more about price control than anything else. I drive a Prius. As soon as lithium battery tech is available I will drive an all electric car or a plug-in hybrid.
lolsmileyface 3 years ago
tHE oIL cOMPANIES chose not to build refineries...... it increases the profits. EVERYTHING THEY DO IS PROFIT DRIVEN. I didn't see any other companies making obscene profits during the crisis....everyone else got hurt.
rlapham 2 years ago
This issue is so mired in government lobbying and oil company illegal price control. The biggest issue here is REFINERIES. There are presently ZERO, yes a big zip, zilch...No new refineries planned on the drawing board as of today. All oil companies say that it's not supply but the fact they cannot refine oil fast enough. Add to that, over one quarter of domestic refineries are in hurricane alley. Watch for oil prices to soar with no relief.
lolsmileyface 3 years ago
Here is another pisser, Alaskan oil is required to go to American Refineries. That meets the Alaska Pipeline law of 1973. Anyone can buy it now and does, 3/4 of it goes over-seas.
rlapham 3 years ago
Agree, good video!
abrown051980 3 years ago
Stop the specualtion and start the drilling.
underpaidrockstar 3 years ago
Today's comedy:
WASHINGTON (Reuters) - The U.S. economy will need months to recover from a growth slowdown caused by a home mortgage crisis, turmoil in financial markets and high energy prices, Treasure Secretary Henry Paulson said on Sunday.
Twelve months in a year, right?
Actually, it's a tossup whether the US economy will ever recover.
If one has not noticed, the USD is no longer the world reserve currency.
mopsius 3 years ago
And if rlapham does want to go to Congress elect him Sheriff.
mopsius 3 years ago
Anyone who has a basic knowledge of economics should know this oil economy does not benefit the purchaser, only the manufacturer. America gave up drilling in the 1980's for the lucritive profits in importing. How is it that they now profit? They have become suppliers, that's why. They are uncapping existing wells and pumping it at perhaps $25 a barrel and selling it to the world and Americans at the inflated price of $144 a barrel. American exports have increased 100%
rlapham 3 years ago
At most these fuckers, who are all traitors, are bout 15 percent of the population.
The top elite, the real traitors--are no more than a 100,000-400,000.
They think they own you because you are such fucking dumbasses and so easily intimidated.
mopsius 3 years ago
rlapham is smarter than most of the moron politicians.
Elect him to Congress.
mopsius 3 years ago
In some ways the US is now at a pass analogous to Britain during enlcosure.
And artficial and manipualted enclosure at that.
Family farms? HAHAHAHAHAHA.
Start using your fucking brains or you are all fucked.
And if you don't have any brzins cultivate the acquaintance of those who do, like this fella.
He did not need a college library to figure out the oil comapnies the Bush adminsitration is lying.
Simple logic.
mopsius 3 years ago
You work they pay you in funny money and give you credit at the company store.
Start building those guillotines or you are all fucked.
mopsius 3 years ago
The Neo-Cons and the Born Again, allied with the Corporate Fascists,plan to make you into worse than serfs.
At least serfs have land they are legally attached to you
This is the funny-money wage-slaving of the US.
Chertoff's little wall with Mexico is part of it.
It's not to keep Mexicans out, it's to keep you in.
mopsius 3 years ago
If Americans were not domesticated and thoroughly stupidified, they would be building guillotines for the elite.
They plan to starve and beat you into submission if you let them.
mopsius 3 years ago
Rumsfled just about destroyed the US military in to the bargain.
mopsius 3 years ago
The US will not get Iraqi oil cheap.
In fact, soon enough, if the US does not withdraw from the Middle East, Kuwaiti oil will be threatened.
Impeachment and war crimes is a way out.
Destroying the Republican party that brought you this caqtasropther is also recommended.
Bush, Cheney, Rice, Rumsfeld, Bremer, et all--charged with war crimes.
mopsius 3 years ago
catastrophe
mopsius 3 years ago
The Likud times a threat to attack Iran, then goes long on oil options.
They are building their Euro Reserve.
They are aslo advertizing Israel as the ARab Sunni bulwark again a nuclear Shiitie Iran.
Don't believe that?
You are naive or part of it.
mopsius 3 years ago
Hofmeister, with his false "supply and demand" model, is out to steal even more.
And if you fucking dummies let him and his ilk do it, you deserve what you get.
mopsius 3 years ago
Gasoline at &5.80 per gallon will be a benchmark.
Next winter is going to be tough--including a high spike in food prices.
The US financial and political elite for the most are thieves.
And they have you working for them.
mopsius 3 years ago
What is Hofmeister investing in--not USD that's for sure.
Nationalizing is perhaps the wonly workable solution over the short term
mopsius 3 years ago
If it was a supply issue, there would be shortages. Mexico has supply issues but their gas is still cheaper.
jdrizd2 3 years ago
Oil up, Euro up, dollar down.
That is about 70%, and it also contributes to options indirectly (another recursion).
Money supply and interest rates also pertain.
Bernanke should be sent to Siberia for lowering rates initially when sub-rime, real estate, and bundled securities collapsed.
The US, Israel, and Iran, as well as many others can now control the options spikes.
Israel just started a foreign reserve fund in Euros.
mopsius 3 years ago
Oil is not in short supply. The US currecny is collpasing and the US oil companies are making a fortune off the catastrophe.
mopsius 3 years ago
Supply in America is not short, in fact American Oil Companies are selling OUr American oil on the world market and pumping American oil and selling it to us at inflated world prices. Exports have gone up 100% in the last year.
rlapham 3 years ago
I guess they 'would' drill if they were not regulated to death in the areas. I guess they 'would' drill if it didn't cost more to drill than the profit they would make, afterall aren't they in the business to make money like every other business in the world? Great to have an educated 'sounding' opinion, facts and regs speak for themselves man. ANWR needs to be open for drilling- 2k acres- on a very small 'desolate' coastal plain- it is exactly 2,000 acres out of 19 MILLION!! acres that is ANWR.
BetzyK 3 years ago
I realize the regulation problem. What you fail to recogonize is the absolutely, positively, rediclous profits American Oil companies are making in this type of an economic flux. THERE IS ABSOLUTELY NO WAY FOR THEM TO MAKE THIS PROFIT WITHOUT GOUGING THE CONSUMER. Allowing drilling now, without identifying where the profits are coming from is stupid business practice, which got us here in the first place
rlapham 3 years ago
No body is paying attention to high prices and high profits. They are just moaning about what they have to pay. We have to wake-up and smell the coffee, we are getting SCREWED by the american oil companies.
rlapham 3 years ago