so in another words, when the goverment needs money just simply raise the gas prices and we are screwed. money for arms, bombs and military, we are so stupid, fighting some else's war.
what a load of crap! There is never a shortage of gas. There is only a shortage of the paper contracts! a refinery knows it will produce 22 million gallons in the mo. of June.Up to a year in advance, they sell a contract for delivery in June @ a certain price. I put down say, 5% and leverage the ballence (borrow). If people start bidding the price up because they NEED THE GAS, I can sell my paper! Up 5%, I just 2x my $.Speculators cause a shortage of contracts, not gasoline!
the largest part of the price of gas is speculation on the commodities market it trades a barrel of oil over 50 times before it goes to the refinery..that's how u get $150 per barrel
YOU know what pisses me right off in Australia we pay 70c a liter for gas not gas as in petrel in America but gas yet they sell it to japan for 1cent a liter work that out
I love Canada. The higher gas prices aren't that bad. The higher taxes are a benefit because the Canadians will buy less of it and purchase more practical cars that use less oil. Those same tax dollars pay for the roads and they might even pay for part of that universal health care that many Americans would only dream to have.
So if gas cost rufflt $1.10 Canadian when the price of crude was 100 a barrel so why is it ruffly 1.00 still and crude is at 77 a barrel?the math dosnt work. Gas is a necesity in our way of life should it not be moniterd and controlled by the people? like helthcare or emergancy workers?
OPEC and US oil companies have a monopoly on a natural resource. So imagine your water/electric/grocery company raising prices 10x overnight just for pure profit. Oil companies do that and thats why they have made WORLD RECORD profits this decade. Oil is a Natural Earth Resource but the arabs stole it and share profits with US politicians so they get rich while the people get poorer.
I did not say that free-markets is wrong. I just said that if ever or such elements would create or determine how should the free-markets work not on a natural mechanism, then there is no free-markets working, this is not free-markets. Soembody could call it a flawed markets. Propagandize, well as far as I know, they do not want you to get an alternative ways. Instead they really wanted you to consume their products in effort not to get a new ideas/alternatives whether by means of energy an etc.
Its quite possible that the one in Alaska is the largest, I don't really know for certain, but the Oil sands in Alberta contain several trillion barrels of oil, only downside is, unless the gas price goes back to what it was this previous summer, its economically unfeasible to recover the oil since its basically tar stuck to the sand and can't be drilled, only way to get it is by actually digging it up like an open pit mine. And it costs a fair bit to separate the sand from the oil.
There is a lot of oil drilling on Canada's east coast, near NewFoundland, New Brunswick, PEI, and Nova Scotia. We also have the oil sands in Northern Alberta, which is one of the, if not the largest, oil deposits in the world, though the extraction of oil from the sands costs a lot and creates a fair bit of pollution via contaminated water, and co2.
One word. Infation. That is how all commodities are traded against the Euro, our dollar isn't worth jack anymore so it takes more dollars to buy the same amount of gas on the currency market. Gas is the same price for Canadians, in Europe and for us. But our dollar is worth less so it takes more of ours to buy a barrel.
A supply of money. By inflating the money, it create a high cost of living, prices, commodities, etc. OPEC has nothing to do with high prices, they can liberate gases, this is one of the contributing factor why gas is high too. But the very main source of the problem is by inflating more money into the system. That is why gas is easy to notice it goes up, because gas is an energy, where everybody use. Dont think inflation, a high prices. But think of the supply money, this is the defnite meanin'
SPREAD THIS WORD!!! everyone just commit to TAKING A DAY OFF FROM WORK A WEEK on a designated near-future STARTING date. if everyone, everywhere, in every state, across the united states just vowed to stay home from work one day a week, gas prices would immediately DROP. and they can not replace all those people in a quick enough time to continue losing money in corporations nationwide. so claiming it cant be done because all would be fired is ridiculous.
We are watching the Right. We will have massive inflashion. We are going into higher prices on every thing. This is our final chance, you don't rem 1979 and 80 folks. Mortgage rates at 20% . It is not the time to pass the grave yard and think it happened to some one else. China is drilling for gas off the coast of florida. We should be there. But the global warming Green folks refuse to allow drilling . We are sutpid folks. Stupid. We are on sale folks. A runaway Fed gov. Call your senators.
I love profits, I truly am a capitalist. The oil market is not easy to manipulate, but the current theme of conglomeration/oligopolization has made price manipulation MUCH easier. Finally, applying the net increase of Google stock is highly irrelevant. It is a new tech stock that was initially offered over four years ago, not an established energy stock.
Seen in the context of the production decline, Exxon's profits are even more staggering. The $10.9 billion the company netted in the first three months of the year was a 17 percent increase over last year and was surpassed only by the $11.7 billion profit Exxon reported in the fourth quarter of 2007. But on a per-barrel basis (counting both oil and natural gas), Exxon's profits in the first three months of this year leapt about 24 percent.
And the windfall tax opposed and promoted by McCain and Obama respectively is a joke. It isn't a "windfall" at all. If the profits of exxonmobil are increasing at a higher rate than the cost of crude at such a difference then it isn't a windfall... it was expected. PAY ATTENTION to your world.
Stop the idiocy everyone. Pay attention to what is occurring financially for exxonmobil. Don't just spout off but understand that this company is pulling SUBSTANTIAL amounts of capital from the ENTIRE planet and redistributing it to shareholders and their upper echelon of execs, the main point being the shareholders, not the execs. Yes the execs make more than you or I, but the lion's share of these ridiculous profits are going to the shareholders.
I am willing to discuss the issues, when someone shows a little bit of intelligence in the matter. Until then, I am not going to have a pissing match with misinformed people. It's like arguing with my dog- it's a waste of my time.
You could have fooled me; here are those questions again, if you are interested in a real discussion:
Well, and what's wrong with profits? How does the profitability prove your assertion? If the oil market is so easy to manipulate, why was oil $12/barrel just 9 years ago? Is any company that makes a profit a "scam?" What about Google's 25% net profit, compared to the oil industries' ~10%?
Of course, you seem to be emotionally invested in your viewpoint, which is a deterrent to sound reasoning.
Nothing is wrong with profits until it comes at the expense of people being able to put food on the table, not to mention these little bastards using a little loophole affectionately called, "The Enron Loophole" (look it up). You ass clowns like to tout supply/demand, but it's all BS. Enron did it in California and there are former employees of these crooked piece of shit of a company in jail because of it. Basically you create and artificial shortage of supply in order to drive up prices.
It's called "supply side economics." And while I have no problem applying this kind of crap to items such as flat-screen TVs and stereos, it creates big problems when you start to apply this to oil and gas. The entire world is dependant on this stuff. They can't just say we aren't going to use it anymore. Consequently, you are starting to see an economic slow down on a global scale and it is all, 100%, attributable to the price of oil that is being artificially manipulated.
I think you have cause and effect rather jumbled. The price is increasing because of economic *growth* (which, I might point out, is occurring in countries such as India and China where gasoline subsidies have muted price signals).
Who precisely is to blame for the shortage in supply? Do you think puny Exxon can do it when the vast majority of present day proved reserves are controlled by governmentally operated oil companies, most notably, Saudi Aramco? Need I also point out the countless prohibitions against drilling in the US? So tell me, who's to blame?
A hydrogen generator added to a combustable engine causes petro to burn more completely which raises efficiency. Just had to toss that in above the .06 cent a gal. comment, since it cost more then that to pull it out of the ground.
The answer to high gas prices and oil dependency could be solved by looking at what happened in the logging industry. The loggers were stripping forests, leaving nothing to regrow. Preservation groups made Americans aware, then bought the land and leased it to the logging industry instituting rules for logging renewables. It's simple;
Give gas companies their money. Let groups like AAA coordinate low cost distribution, then put the profits into green energy. This should redirect the oil Co's
fuel cell cars is the only way to go, they use not a drop of oil. And to make the fuel for them is also clean, and best of all we could tell the oil company's where to put they oil...
Every person in u.s. organize and refuse to buy any gas for a 24 hour period and send a message to the greedy bastards profiting from high gas prices!
as much as we need to loose dependency on crude oil it will not happen. who will stop driving their cars for periods at a time and even if I do. gas prices will stay the the same. and ill go right back to the same old me that drove every where all the time. there is just not enough people to do this enough to cause an impact on prices..i know enough about supply/demand but this is way beyond..
The oil companies are raping the consumer. Exxon/Mobil is the largest offender. Stop buying Exxon/mobil products, they will be forced to lower their prices and the other smaller companies will have to follow.
Lots of B.S. is going on when comes to gas prices. Government, Industry, Consumer Demand, any of these could be causing the B.S. Why not just get oil from Texas or Alberta, instead of 4-in country's that like to play games.
its all about the owner of the company if he wants to profit (get rich) thats the price he sets.. because its his company he makes his own price so this is useless.. 1 star
dude your such ignorant fool im surprised you don't get ripped off daily.. seriously.
who the fuck will buy gas for 1 millino dollars per gallon do you even know what your talking about? honestly learn how this world works then come back and be like ohh man your soo right!
anyways the gas companys try to compete with others.. thats about it.. so if they still too expensive no one will buy their gas so they dont GO CRAZY but they do make up their own prices to profit.. cuz cars = TONS TONS.
they keep it on a need to know basis all the gas companys keep the prices high to make a little profit maybe a 1 or 2 off a gallon.
if someone sold gas for a dollar a gallon he would just help people for FREE like a SUCKER!
so they all stick together in a secretive way if you understand what im talking about there could be some nice gas stations selling it cheap upstate you know where they barely get any peeps.
To bad we don't get any gas from Iraq. Gas comes from refineries, genius.
But, anywho, you seem to contradict yourself: first you say that producers can set whatever price they want to, now you are saying they are constrained. Which is it?
Now it's quiz time: how much profit do you think oil companies/refiners make from a gallon of gasoline, on average?
I never said it was constrained the price can be as high as they want it to be depending on the amount of costomers they get daily based on the location etc... but if you set the price higher then the average gas prices all around what makes you think people will buy from you????? when they could get cheaper
but gas stations kept making profit and slowly rasing higher and higher until it got this high.. its called greed for profit anyways gas stations all around have to keep a common goal.
its like how i say it... shared profit all gas stations are in a common goal to make a profit so they all working together not actually sharing profits but rasing prices all around... to set a new STANDARD for the default price like the new one is 3$ I believe so all gas stations will be around $3.00 - 3.99$ they make a profit of 2$++
I know because before they got greedy I could of gotten a gallon for 85 cents.
Gas station owners make 3-7 cents per gallon profit from the sale of gasoline; oil companies and refineries *combined* earn another 30 cents (at most) per gallon. The average US Federal/State tax on gasoline is 42 cents/gallon; more of the money you pay for gasoline goes to tax revenues than is enjoyed as profit by private industry.
you just want it to work like that but the hard truth is the gasoline owners are living it up on the beaches somewhere hot. ehh even the workers possibly get paid based on the amount of ppl who use the stations not hourly based. they get some % of the profit
This is what I know and what everyone should know.
You can't sit on money or you'll be fined (taxes) money has to be always rolling otherwise the encomoy prices rise up.
even if the government tries to pull a fast one and print more money they will lose value due to less goods to trade. But trades from very popular bussinesses that get cars going in and out every minute. Have enough money to form pathnerships with fellow corporations only for profit. They all meet up all the directors n talk.
with all that money they have they could hire very good marketing peeps and plan some strategic moves to cash out without any problems since no one actually does anything nothing will really change and they will keep stuffing their pockets.
Um, there is no "having money" tax. The only time money is taxed is when a transaction takes place! Additionally, if more people "sat on their money," prices would go *down*. What are you, like 11?
You can't hold money under your bed if you do that and you get robbed well then have fun and you ain't gonna get it back due to money laundering. By bank i ment federal reserve
I would agree that inflation caused by loose monetary policy is a hidden tax, but your articulation of this point was so cryptic that I had no idea what you were talking about until now.
I think you're the drunk one. You said prices would go up if people "sat" on their money, now you're agreeing with me, saying prices will go down. WTF?
but I don't believe the gas prices go as high as the presidential level I think its rigged on a low level like with other gas station CEO's all working together but I already explained this so no point in restating my opionion whatever its over
Gas station CEOs?! Are you serious? Gas stations make pennies per gallon on the sale of gasoline; many make most of their profit off of sale of highly marked-up goods in their mini-marts.
And if you knew the first thing about game theory, you'd realize how unfathomable it is to have a price-setting conspiracy operate for any significant period of time with tens of thousands of gas station owners in the US.
Don't you realize that hypothesis is utter rubbish? The reason gasoline prices always decline right before election season is because of lowered demand! Peak demand for gasoline is during the driving season in summer (there are other factors affecting supply/demand that I won't get into).
Well, and what's wrong with profits? How does the profitability prove your assertion? If the oil market is so easy to manipulate, why was oil $12/barrel just 9 years ago? Is any company that makes a profit a "scam?" What about Google's 25% net profit, compared to the oil industries' ~10%?
I would be the first person to point out that I don't know very much, so the thing that has always amazed me is how much less most people know; tentatively, I'm including you in the group of people who are significantly less informed than I am. Please reply to provide me with more data points on your irrationality and/or stupidity.
lol 161803 you missing a huge part of learning that you pickup after you worked a little. money isn't fair when it comes to profit greed kicks in at some amount I dont know if eveyrone has a limit but some people have like 1 million dollars jump starts their greedy thinking and sooner or later they will be like animals trying to make more and more money selling everything they own just to get more paper.
yah I consider my self a brilliant man in reading peoples consiess mind well consciousness whatever you call peoples realtime thinking.
gas does it the same way but they realized that even the suckers who buy gas will keep coming no matter what because everyone who works needs to drive to job excluding subways,busses people like to drive cars its like addiction.
Anyways 161803 your problem is that you think the world works by laws and rules but when you open your eyes you realize itdoesnt
i don't mean by like you dont see people walking around killing other people because they know they will go to jail but something as simple as money they don't really care about its also very easy to hide those profits by spreading it amongst friends for safe keeping but yah you could get arrested if the scam you are running the customers start complaining and yah the government has to do its job to shut em down sure they might sit quiet if gas companys pay em off could last forever who knows.
thats why prices drop when elections come the new government folks that get voted in could not be bribed so easily so the gas companies chill out a little until they get under the skin of the new government folks that just took the job.
Also I'd like to add in it could not just be the gas stations that are all working together it could just be 1 supplier thats ripping off all the gas stations and im pretty sure it is, they make up a little lie like oh noo the gas is running out we are going to raise the prices!
You are some piece of work. This study is about you:
"People tend to hold overly favorable views of their abilities in many social and intellectual domains. The authors suggest that this overestimation occurs, in part, because people who are unskilled in these domains suffer a dual burden: Not only do these people reach erroneous conclusions and make unfortunate choices, but their incompetence robs them of the metacognitive ability to realize it."
Uhmm...You made no factual points in this comment whatsoever, and contributed nothing to this debate, that was not on a personal level. Give me facts that actually pertain to the conversation, and I will comment. Don't just take personal stabs at me, and act like you contributed anything useful.
Essentially, you are saying, "oh yeah, well.........your stupid!"
dude if u throw stones at a glass house it you might break its structure so I dont understand what that means i dont think its any of my bussiness but what??
are you saying thats why he shouldn't take shit because he can't come up with a comeback or what?
161803 all this debating ain't gonna solve shit we all know that I hope you do because no matter what anyone says nothing will be done it's evloution to get rid of gas powered engine & evolve to crappier less fun battery powered vechiles
Also I'd like to add that you can't stop evolution no matter what you do. You can only speed it up I guess evoultion can be a derivative of another word called destiny many people think it doesn't exist but they are way to close minded but thats just it no matter how you see the world it will always do the same thing get better and better technologically and if the speed of the evolution is not matched with the time constant the destiny makes new variables such as gas prices to convince
There is no way you're going to be able to teach people supply/demand. Most people believe there is one secret guy that sets prices, gets rich and screws everyone else.
Supply and demand is a sound market. Government and entire population cannot invest in one products. This is a flow of free-markets. The real reason why prices go up its because theres a fraudulent money suppliers. There would be no reason such energy(gas) would go up if people has a sound currency. If such energy go up, people will always find a way to deal the problem not giant corporations. This is how corporate giants make money, thru inflated money. Average got to buy their products(energy)
so in another words, when the goverment needs money just simply raise the gas prices and we are screwed. money for arms, bombs and military, we are so stupid, fighting some else's war.
mdk2k4 4 months ago
boring!!
finalawesome 5 months ago
stop your bull shit you asshole just want to rob the poor
turnfootsherlock 10 months ago
what a load of crap! There is never a shortage of gas. There is only a shortage of the paper contracts! a refinery knows it will produce 22 million gallons in the mo. of June.Up to a year in advance, they sell a contract for delivery in June @ a certain price. I put down say, 5% and leverage the ballence (borrow). If people start bidding the price up because they NEED THE GAS, I can sell my paper! Up 5%, I just 2x my $.Speculators cause a shortage of contracts, not gasoline!
artart47 11 months ago
This has been flagged as spam show
Hear Rabbi Sol Solomon's Rabbinical Reflection (3/12/11) on gas prices at his audio blog, ShalomDammit. c0m or by searching his name on youtube.
moistsheep 1 year ago
"....and now let's see how my boobs work *unbuttons shirt*" AWESOME!!!
Catcherintherye11111 1 year ago
@Catcherintherye11111 Yeah, kinda the first thing I thought myself. She has natural beauty and a NICE frame/rack (at least what can be seen)
QuickdrawandKabong 11 months ago
This script wasn't that long. It wouldn't have been that hard to memorize it...
xDrunkenMastersx 1 year ago
Supply and Demand is how they work. Just saved you 1:58.
MightierToaster 1 year ago 2
Tits or gtfo
ReneAlanisJr 1 year ago
the largest part of the price of gas is speculation on the commodities market it trades a barrel of oil over 50 times before it goes to the refinery..that's how u get $150 per barrel
xadam2dudex 1 year ago
@xadam2dudex Yup, I agree
boaterbil 1 year ago
@xadam2dudex
Well said!
drbayoms 11 months ago
YOU know what pisses me right off in Australia we pay 70c a liter for gas not gas as in petrel in America but gas yet they sell it to japan for 1cent a liter work that out
honda900fz 1 year ago
I love Canada. The higher gas prices aren't that bad. The higher taxes are a benefit because the Canadians will buy less of it and purchase more practical cars that use less oil. Those same tax dollars pay for the roads and they might even pay for part of that universal health care that many Americans would only dream to have.
avitech77 2 years ago
@avitech77 its alot easier to have universal healthcare when your population is 1/10 of the USA's
dalastdon1432 1 year ago
man, if only she would take that shirt off.
CarpaceEater 2 years ago 16
So this is a petro canada infomercial of sorts.
Why are gas prices higher in Canada that produces more gas than it uses, versus the US that has to import oil?
Simply Canadian's have no problem bending over.
Zooni2 2 years ago
So if gas cost rufflt $1.10 Canadian when the price of crude was 100 a barrel so why is it ruffly 1.00 still and crude is at 77 a barrel?the math dosnt work. Gas is a necesity in our way of life should it not be moniterd and controlled by the people? like helthcare or emergancy workers?
ulty777 2 years ago
I can't wait for gas prices to hit $400 gal.
WHERES MY TESLA $4 REFILL?
madjimms 2 years ago
OPEC and US oil companies have a monopoly on a natural resource. So imagine your water/electric/grocery company raising prices 10x overnight just for pure profit. Oil companies do that and thats why they have made WORLD RECORD profits this decade. Oil is a Natural Earth Resource but the arabs stole it and share profits with US politicians so they get rich while the people get poorer.
JesusChristRulesYOU 2 years ago
I did not say that free-markets is wrong. I just said that if ever or such elements would create or determine how should the free-markets work not on a natural mechanism, then there is no free-markets working, this is not free-markets. Soembody could call it a flawed markets. Propagandize, well as far as I know, they do not want you to get an alternative ways. Instead they really wanted you to consume their products in effort not to get a new ideas/alternatives whether by means of energy an etc.
gearzone2611 2 years ago
We need a price ceiling on gasoline
jackiechan511 2 years ago
thing is tho, the AIR driven car is on it's way, so.. the oil price debate is moot :D
Kretain 2 years ago
And as if we don't have enough to deal with already, OPEC goes and slows down production to raise gas prices once again!
We need to drill in our own country and regulate OPEC!!! Those guys do whatever they want.
ChristopherMillz 3 years ago
Its quite possible that the one in Alaska is the largest, I don't really know for certain, but the Oil sands in Alberta contain several trillion barrels of oil, only downside is, unless the gas price goes back to what it was this previous summer, its economically unfeasible to recover the oil since its basically tar stuck to the sand and can't be drilled, only way to get it is by actually digging it up like an open pit mine. And it costs a fair bit to separate the sand from the oil.
apophos2000 3 years ago
There is a lot of oil drilling on Canada's east coast, near NewFoundland, New Brunswick, PEI, and Nova Scotia. We also have the oil sands in Northern Alberta, which is one of the, if not the largest, oil deposits in the world, though the extraction of oil from the sands costs a lot and creates a fair bit of pollution via contaminated water, and co2.
apophos2000 3 years ago
I think we proved in the past few months that supply and demand really has nothing to do with it.
seg9585 3 years ago
Gee, another full-of-shit 20-something. Lady, keep your day job.
cherrywrecker 3 years ago
One word. Infation. That is how all commodities are traded against the Euro, our dollar isn't worth jack anymore so it takes more dollars to buy the same amount of gas on the currency market. Gas is the same price for Canadians, in Europe and for us. But our dollar is worth less so it takes more of ours to buy a barrel.
freespeachrulez 3 years ago
What's Infation?
stechkin 3 years ago
Inflation = get rich quick scheme for central banks.
freespeachrulez 3 years ago
A supply of money. By inflating the money, it create a high cost of living, prices, commodities, etc. OPEC has nothing to do with high prices, they can liberate gases, this is one of the contributing factor why gas is high too. But the very main source of the problem is by inflating more money into the system. That is why gas is easy to notice it goes up, because gas is an energy, where everybody use. Dont think inflation, a high prices. But think of the supply money, this is the defnite meanin'
gearzone2611 2 years ago
they just want money
grand916 3 years ago
This has been flagged as spam show
SPREAD THIS WORD!!! everyone just commit to TAKING A DAY OFF FROM WORK A WEEK on a designated near-future STARTING date. if everyone, everywhere, in every state, across the united states just vowed to stay home from work one day a week, gas prices would immediately DROP. and they can not replace all those people in a quick enough time to continue losing money in corporations nationwide. so claiming it cant be done because all would be fired is ridiculous.
C9pherD9v9ne 3 years ago
We are watching the Right. We will have massive inflashion. We are going into higher prices on every thing. This is our final chance, you don't rem 1979 and 80 folks. Mortgage rates at 20% . It is not the time to pass the grave yard and think it happened to some one else. China is drilling for gas off the coast of florida. We should be there. But the global warming Green folks refuse to allow drilling . We are sutpid folks. Stupid. We are on sale folks. A runaway Fed gov. Call your senators.
onstageagain 3 years ago
gasoline is more expensive in the uk more than anywere else on earth due to taxes
JUNAID187 3 years ago
@ 161803... to defend myself beforehand.
I love profits, I truly am a capitalist. The oil market is not easy to manipulate, but the current theme of conglomeration/oligopolization has made price manipulation MUCH easier. Finally, applying the net increase of Google stock is highly irrelevant. It is a new tech stock that was initially offered over four years ago, not an established energy stock.
regards,
the geek
Geekstrada 3 years ago
READ THE EARLIEST POST FIRST
Geekstrada 3 years ago
Seen in the context of the production decline, Exxon's profits are even more staggering. The $10.9 billion the company netted in the first three months of the year was a 17 percent increase over last year and was surpassed only by the $11.7 billion profit Exxon reported in the fourth quarter of 2007. But on a per-barrel basis (counting both oil and natural gas), Exxon's profits in the first three months of this year leapt about 24 percent.
Geekstrada 3 years ago
And the windfall tax opposed and promoted by McCain and Obama respectively is a joke. It isn't a "windfall" at all. If the profits of exxonmobil are increasing at a higher rate than the cost of crude at such a difference then it isn't a windfall... it was expected. PAY ATTENTION to your world.
Geekstrada 3 years ago
Stop the idiocy everyone. Pay attention to what is occurring financially for exxonmobil. Don't just spout off but understand that this company is pulling SUBSTANTIAL amounts of capital from the ENTIRE planet and redistributing it to shareholders and their upper echelon of execs, the main point being the shareholders, not the execs. Yes the execs make more than you or I, but the lion's share of these ridiculous profits are going to the shareholders.
Geekstrada 3 years ago
I am willing to discuss the issues, when someone shows a little bit of intelligence in the matter. Until then, I am not going to have a pissing match with misinformed people. It's like arguing with my dog- it's a waste of my time.
Mellowbuzz1974 3 years ago
You could have fooled me; here are those questions again, if you are interested in a real discussion:
Well, and what's wrong with profits? How does the profitability prove your assertion? If the oil market is so easy to manipulate, why was oil $12/barrel just 9 years ago? Is any company that makes a profit a "scam?" What about Google's 25% net profit, compared to the oil industries' ~10%?
Of course, you seem to be emotionally invested in your viewpoint, which is a deterrent to sound reasoning.
161803 3 years ago
Nothing is wrong with profits until it comes at the expense of people being able to put food on the table, not to mention these little bastards using a little loophole affectionately called, "The Enron Loophole" (look it up). You ass clowns like to tout supply/demand, but it's all BS. Enron did it in California and there are former employees of these crooked piece of shit of a company in jail because of it. Basically you create and artificial shortage of supply in order to drive up prices.
srogersrules 3 years ago 6
It's called "supply side economics." And while I have no problem applying this kind of crap to items such as flat-screen TVs and stereos, it creates big problems when you start to apply this to oil and gas. The entire world is dependant on this stuff. They can't just say we aren't going to use it anymore. Consequently, you are starting to see an economic slow down on a global scale and it is all, 100%, attributable to the price of oil that is being artificially manipulated.
srogersrules 3 years ago
I think you have cause and effect rather jumbled. The price is increasing because of economic *growth* (which, I might point out, is occurring in countries such as India and China where gasoline subsidies have muted price signals).
161803 3 years ago
Who precisely is to blame for the shortage in supply? Do you think puny Exxon can do it when the vast majority of present day proved reserves are controlled by governmentally operated oil companies, most notably, Saudi Aramco? Need I also point out the countless prohibitions against drilling in the US? So tell me, who's to blame?
161803 3 years ago
A hydrogen generator added to a combustable engine causes petro to burn more completely which raises efficiency. Just had to toss that in above the .06 cent a gal. comment, since it cost more then that to pull it out of the ground.
sm0ky40 3 years ago
I pay just .06 per gallon for my gas
See my featured video on my profile
You can NOT prove me wrong
footeze226 3 years ago
CANADA
hep2jive 3 years ago
The answer to high gas prices and oil dependency could be solved by looking at what happened in the logging industry. The loggers were stripping forests, leaving nothing to regrow. Preservation groups made Americans aware, then bought the land and leased it to the logging industry instituting rules for logging renewables. It's simple;
Give gas companies their money. Let groups like AAA coordinate low cost distribution, then put the profits into green energy. This should redirect the oil Co's
guitartec 3 years ago
fuel cell cars is the only way to go, they use not a drop of oil. And to make the fuel for them is also clean, and best of all we could tell the oil company's where to put they oil...
lee5537 3 years ago
Every person in u.s. organize and refuse to buy any gas for a 24 hour period and send a message to the greedy bastards profiting from high gas prices!
DigitalPraise7 3 years ago
as much as we need to loose dependency on crude oil it will not happen. who will stop driving their cars for periods at a time and even if I do. gas prices will stay the the same. and ill go right back to the same old me that drove every where all the time. there is just not enough people to do this enough to cause an impact on prices..i know enough about supply/demand but this is way beyond..
gwano13 3 years ago
and walk to my job 40 miles away from home.
get real!
gwano13 3 years ago
This has been flagged as spam show
The oil companies are raping the consumer. Exxon/Mobil is the largest offender. Stop buying Exxon/mobil products, they will be forced to lower their prices and the other smaller companies will have to follow.
wakeupus 3 years ago
Lots of B.S. is going on when comes to gas prices. Government, Industry, Consumer Demand, any of these could be causing the B.S. Why not just get oil from Texas or Alberta, instead of 4-in country's that like to play games.
Djoe2 4 years ago
i didnt understand what she said
PsYc01025 4 years ago
its all about the owner of the company if he wants to profit (get rich) thats the price he sets.. because its his company he makes his own price so this is useless.. 1 star
sspoke 4 years ago
You're not very bright, are you?
161803 3 years ago
im not bright eh?? maybe you don't understand how the world works? it doesn't work by your rules anyone who owns a company can make his own prices
sspoke 3 years ago
Right, just down the street there is this dude selling gas for $1 million/gallon, because he can set the prices at whatever level he wants.
No, wait, ]there isn't any such fellow! OMG, your stupid is contagious!
161803 3 years ago
dude your such ignorant fool im surprised you don't get ripped off daily.. seriously.
who the fuck will buy gas for 1 millino dollars per gallon do you even know what your talking about? honestly learn how this world works then come back and be like ohh man your soo right!
anyways the gas companys try to compete with others.. thats about it.. so if they still too expensive no one will buy their gas so they dont GO CRAZY but they do make up their own prices to profit.. cuz cars = TONS TONS.
sspoke 3 years ago
they keep it on a need to know basis all the gas companys keep the prices high to make a little profit maybe a 1 or 2 off a gallon.
if someone sold gas for a dollar a gallon he would just help people for FREE like a SUCKER!
so they all stick together in a secretive way if you understand what im talking about there could be some nice gas stations selling it cheap upstate you know where they barely get any peeps.
Gas isn't running out they got IRAQ for that.
sspoke 3 years ago
To bad we don't get any gas from Iraq. Gas comes from refineries, genius.
But, anywho, you seem to contradict yourself: first you say that producers can set whatever price they want to, now you are saying they are constrained. Which is it?
Now it's quiz time: how much profit do you think oil companies/refiners make from a gallon of gasoline, on average?
161803 3 years ago
I never said it was constrained the price can be as high as they want it to be depending on the amount of costomers they get daily based on the location etc... but if you set the price higher then the average gas prices all around what makes you think people will buy from you????? when they could get cheaper
but gas stations kept making profit and slowly rasing higher and higher until it got this high.. its called greed for profit anyways gas stations all around have to keep a common goal.
sspoke 3 years ago
its like how i say it... shared profit all gas stations are in a common goal to make a profit so they all working together not actually sharing profits but rasing prices all around... to set a new STANDARD for the default price like the new one is 3$ I believe so all gas stations will be around $3.00 - 3.99$ they make a profit of 2$++
I know because before they got greedy I could of gotten a gallon for 85 cents.
sspoke 3 years ago
Gas station owners make 3-7 cents per gallon profit from the sale of gasoline; oil companies and refineries *combined* earn another 30 cents (at most) per gallon. The average US Federal/State tax on gasoline is 42 cents/gallon; more of the money you pay for gasoline goes to tax revenues than is enjoyed as profit by private industry.
161803 3 years ago
you just want it to work like that but the hard truth is the gasoline owners are living it up on the beaches somewhere hot. ehh even the workers possibly get paid based on the amount of ppl who use the stations not hourly based. they get some % of the profit
sspoke 3 years ago
yah I know people fill up themselves with creditcards but those who pay with cash and ask the operator to turn the pumps on they get the % cuts.
sspoke 3 years ago
Are you really that stupid, or are you just messing around now?
161803 3 years ago
not messsing im just extremely wise i know how all the money trades work
sspoke 3 years ago
If you're so wise, could you please discuss the role of prices vis a vis the economic calculation problem?
161803 3 years ago
This is what I know and what everyone should know.
You can't sit on money or you'll be fined (taxes) money has to be always rolling otherwise the encomoy prices rise up.
even if the government tries to pull a fast one and print more money they will lose value due to less goods to trade. But trades from very popular bussinesses that get cars going in and out every minute. Have enough money to form pathnerships with fellow corporations only for profit. They all meet up all the directors n talk.
sspoke 3 years ago
with all that money they have they could hire very good marketing peeps and plan some strategic moves to cash out without any problems since no one actually does anything nothing will really change and they will keep stuffing their pockets.
sspoke 3 years ago
Um, there is no "having money" tax. The only time money is taxed is when a transaction takes place! Additionally, if more people "sat on their money," prices would go *down*. What are you, like 11?
161803 3 years ago
wow dude just go back to sleep you are obviosuly drunk or something rofl.
Here is a scenario so you would understand Lets say pizza costs 1.50$ ATM
and bill gates has 60 billion dollars.
He makes something new sells it, it goes good.
and now bill gates has 4 trillion dollars and sits on it.
Now since the people have less money the pizza goes down to 1.00$ due to the value of 1 dollar is now more do you get it now?
There is a tax its called a BANK.
sspoke 3 years ago
Oh crap yah my bad I ment to say down yah..
You can't hold money under your bed if you do that and you get robbed well then have fun and you ain't gonna get it back due to money laundering. By bank i ment federal reserve
sspoke 3 years ago
I would agree that inflation caused by loose monetary policy is a hidden tax, but your articulation of this point was so cryptic that I had no idea what you were talking about until now.
161803 3 years ago
I think you're the drunk one. You said prices would go up if people "sat" on their money, now you're agreeing with me, saying prices will go down. WTF?
161803 3 years ago
well I said what I know yah I made a little typo when I type without re-reading I tend to put in the wrong words but O well anyways
back on topic gas prices are rigged there I guess shouldn't be more conversation since we can both agree they gas prices are made for suckers.
sspoke 3 years ago
Rigged by whom and how?
161803 3 years ago
dotcommonsense . blog-city . com / was_the_price_of_gasoline_rigged_for_the_election . htm
sspoke 3 years ago
but I don't believe the gas prices go as high as the presidential level I think its rigged on a low level like with other gas station CEO's all working together but I already explained this so no point in restating my opionion whatever its over
sspoke 3 years ago
Gas station CEOs?! Are you serious? Gas stations make pennies per gallon on the sale of gasoline; many make most of their profit off of sale of highly marked-up goods in their mini-marts.
And if you knew the first thing about game theory, you'd realize how unfathomable it is to have a price-setting conspiracy operate for any significant period of time with tens of thousands of gas station owners in the US.
161803 3 years ago
Don't you realize that hypothesis is utter rubbish? The reason gasoline prices always decline right before election season is because of lowered demand! Peak demand for gasoline is during the driving season in summer (there are other factors affecting supply/demand that I won't get into).
161803 3 years ago
Supply and demand??? Give me a break.
How do you explain the oil companies raking in 36 billion dollars in profits in the first THREE MONTHS of the quarter??? It's a fucking scam. period.
Mellowbuzz1974 3 years ago
Well, and what's wrong with profits? How does the profitability prove your assertion? If the oil market is so easy to manipulate, why was oil $12/barrel just 9 years ago? Is any company that makes a profit a "scam?" What about Google's 25% net profit, compared to the oil industries' ~10%?
161803 3 years ago
Uhmmm...dude, you make absolutley no since whatsoever. I really hope you didn't go to school to get as "wise" as you are.
Mellowbuzz1974 3 years ago
I would be the first person to point out that I don't know very much, so the thing that has always amazed me is how much less most people know; tentatively, I'm including you in the group of people who are significantly less informed than I am. Please reply to provide me with more data points on your irrationality and/or stupidity.
161803 3 years ago
lol 161803 you missing a huge part of learning that you pickup after you worked a little. money isn't fair when it comes to profit greed kicks in at some amount I dont know if eveyrone has a limit but some people have like 1 million dollars jump starts their greedy thinking and sooner or later they will be like animals trying to make more and more money selling everything they own just to get more paper.
sspoke 3 years ago
yah I consider my self a brilliant man in reading peoples consiess mind well consciousness whatever you call peoples realtime thinking.
gas does it the same way but they realized that even the suckers who buy gas will keep coming no matter what because everyone who works needs to drive to job excluding subways,busses people like to drive cars its like addiction.
Anyways 161803 your problem is that you think the world works by laws and rules but when you open your eyes you realize itdoesnt
sspoke 3 years ago
i don't mean by like you dont see people walking around killing other people because they know they will go to jail but something as simple as money they don't really care about its also very easy to hide those profits by spreading it amongst friends for safe keeping but yah you could get arrested if the scam you are running the customers start complaining and yah the government has to do its job to shut em down sure they might sit quiet if gas companys pay em off could last forever who knows.
sspoke 3 years ago
thats why prices drop when elections come the new government folks that get voted in could not be bribed so easily so the gas companies chill out a little until they get under the skin of the new government folks that just took the job.
sspoke 3 years ago
Also I'd like to add in it could not just be the gas stations that are all working together it could just be 1 supplier thats ripping off all the gas stations and im pretty sure it is, they make up a little lie like oh noo the gas is running out we are going to raise the prices!
sspoke 3 years ago
You are some piece of work. This study is about you:
"People tend to hold overly favorable views of their abilities in many social and intellectual domains. The authors suggest that this overestimation occurs, in part, because people who are unskilled in these domains suffer a dual burden: Not only do these people reach erroneous conclusions and make unfortunate choices, but their incompetence robs them of the metacognitive ability to realize it."
-Journal of Personality and Social Psychology
161803 3 years ago
Uhmm...You made no factual points in this comment whatsoever, and contributed nothing to this debate, that was not on a personal level. Give me facts that actually pertain to the conversation, and I will comment. Don't just take personal stabs at me, and act like you contributed anything useful.
Essentially, you are saying, "oh yeah, well.........your stupid!"
Mellowbuzz1974 3 years ago
Actually I said "irrational and/or stupid;" should I add "careless reader" to the list?
In any case, it was you who refused to answer the questions I asked above, choosing instead to comment:
"Uhmmm...dude, you make absolutley no since [sic] whatsoever. I really hope you didn't go to school to get as 'wise' as you are."
So, yeah, that's why you shouldn't throw stones in a glass house.
161803 3 years ago
dude if u throw stones at a glass house it you might break its structure so I dont understand what that means i dont think its any of my bussiness but what??
are you saying thats why he shouldn't take shit because he can't come up with a comeback or what?
161803 all this debating ain't gonna solve shit we all know that I hope you do because no matter what anyone says nothing will be done it's evloution to get rid of gas powered engine & evolve to crappier less fun battery powered vechiles
sspoke 3 years ago
not take i mean talk*
sspoke 3 years ago
Also I'd like to add that you can't stop evolution no matter what you do. You can only speed it up I guess evoultion can be a derivative of another word called destiny many people think it doesn't exist but they are way to close minded but thats just it no matter how you see the world it will always do the same thing get better and better technologically and if the speed of the evolution is not matched with the time constant the destiny makes new variables such as gas prices to convince
sspoke 3 years ago
Ohhh...you really got me there! I will not tuck my tail between my legs and retreat.
Mellowbuzz1974 3 years ago
There is no way you're going to be able to teach people supply/demand. Most people believe there is one secret guy that sets prices, gets rich and screws everyone else.
RobertGary1 4 years ago 2
good theory...
cwiqa 4 years ago
Supply and demand is a sound market. Government and entire population cannot invest in one products. This is a flow of free-markets. The real reason why prices go up its because theres a fraudulent money suppliers. There would be no reason such energy(gas) would go up if people has a sound currency. If such energy go up, people will always find a way to deal the problem not giant corporations. This is how corporate giants make money, thru inflated money. Average got to buy their products(energy)
gearzone2611 2 years ago