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      04-23-2008, 10:58 AM   #23
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This is why I support kicking arab ass for trying to rape us. They think that since they supply most of worlds oil they can set what ever price they want too. I am willing to deploy to kick thier asses so that we can all get oil at NORMAL prices, not some arab inflated BS.
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      04-23-2008, 11:13 AM   #24
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Don't forget all those hyperkinetic NYMEX traders!

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      04-23-2008, 11:17 AM   #25
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$60 a tank hurts
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      04-23-2008, 11:23 AM   #26
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looks like im going to have to buy that donkey after all
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      04-23-2008, 11:24 AM   #27
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Don't forget Mr. "Crazy-as-a-Rat-in-a-Coffee-Can" Hugo Chavez down Venezuela way.
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      04-23-2008, 11:27 AM   #28
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$4 a gallon isn't that bad unfortunately... here in Toronto we've been paying the equivalent of $4.60/gallon for premium recently, up from around $4.10 a month ago. The west coast traditionally gets it worse, they're paying around 4.80-4.90/gallon for premium. I really have to go diesel next time around.
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      04-23-2008, 11:44 AM   #29
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      04-23-2008, 11:53 AM   #30
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The price of a barrel of oil has far more to do with the futures market lately (and investors looking for big bucks) and less about practices from things like OPEC and that fucking loose-screw in Venezuela.

I also love those that want the government to "do something about oil prices." Hello, welcome to the free market!! Yeah, we need price controls set by the government on gas, milk, cheese, bread etc. Might as well let the government dictate everything we do.

Just like Clinton's hairbrained scheme to tax "windfall" profits, specifically aimed at oil companies. Yes, oil companies make a ton of money, but not because they have such high margins! They sell A LOT of product ($361 Billion in Revenue for Exxon in 2007) and made EBITDA of $73 Billion. That is a 20% margin. Net Income was $41 Billion, which means a net margin percentage of 11.4%. That really isn't a very high margin for a business to survive on.

Microsoft on the other hand had Revenue of $59 Billion with EBITDA of $25 Billion, for a margin of 42.4%. Net Income was $17 Billion, or a net margin of 28.8%, 2.5 times greater than Exxon's net margin.

So which is the bigger profiteer? I'd say Microsoft, as their net margin is damn near 30%.

Actually, the government is to blame for a good portion of the fuel price situation. Refineries aren't creating new capacity because the government is demanding increased fuel economy standards. That means we'll need less gas as time goes on. The refineries look at their capacity, look at future demand trends and see excess capacity in the future. That excess will hit before they could bring a new refinery on line to help the situation right now. So they don't invest in their infrastructure or add new refining capacity. Thus, fuel prices stay higher. Double edge sword...

But in any case, the price of gas sucks. Well, tough shit. We are in this predicament, not because of Bush or OPEC or China or anything else, but because we as consumers act like it doesn't matter what the price is. Generally, when prices go up, demand goes down. But not so much with gasoline. Prices go up and demand stays up, until we reach a certain, and seemingly very high, pain threshold.

Gasoline demand in the US has been flat for the past 5 years, not really increasing or decreasing. But over those 5 years, the cost of gasoline has over doubled. And yet, demand stayed the same. Finally, demand for gasoline has shown a small decline, probably driven by the fact that gas is at or near $4/gallon. Get used to it, because it will probably never get below $3.25 a gallon, ever, no matter what the price of crude goes to....
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      04-23-2008, 11:55 AM   #31
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The government is to blame because they are sending troops to Iraq.

I am surprise no one has queried how much gas/diesel those tanks and airplanes consume each day.

If the Green Peace folks would like to protest, they should take it to Iraq.
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      04-23-2008, 11:58 AM   #32
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Unfortunately I wear a shirt and tie. Dont want to get all sweaty like.



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      04-23-2008, 12:02 PM   #33
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lol, we can actually come up with a reliable and efficient alternative fuel source if the U.S. Military stopped spending for a week.....oh wait, then how would the few top Pentagon officials buy their multi-million dollar mansions in different parts of the world? dratz.



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      04-23-2008, 12:04 PM   #34
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Quote:
Originally Posted by scollins View Post
....
+ 1 bazillion Perfectly stated.
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      04-23-2008, 12:15 PM   #35
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Originally Posted by Scarecrows25 View Post
+ 1 bazillion Perfectly stated.
Ditto
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      04-23-2008, 12:30 PM   #36
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Quote:
Originally Posted by scollins View Post
The price of a barrel of oil has far more to do with the futures market lately (and investors looking for big bucks) and less about practices from things like OPEC and that fucking loose-screw in Venezuela.

I also love those that want the government to "do something about oil prices." Hello, welcome to the free market!! Yeah, we need price controls set by the government on gas, milk, cheese, bread etc. Might as well let the government dictate everything we do.

Just like Clinton's hairbrained scheme to tax "windfall" profits, specifically aimed at oil companies. Yes, oil companies make a ton of money, but not because they have such high margins! They sell A LOT of product ($361 Billion in Revenue for Exxon in 2007) and made EBITDA of $73 Billion. That is a 20% margin. Net Income was $41 Billion, which means a net margin percentage of 11.4%. That really isn't a very high margin for a business to survive on.

Microsoft on the other hand had Revenue of $59 Billion with EBITDA of $25 Billion, for a margin of 42.4%. Net Income was $17 Billion, or a net margin of 28.8%, 2.5 times greater than Exxon's net margin.

So which is the bigger profiteer? I'd say Microsoft, as their net margin is damn near 30%.

Actually, the government is to blame for a good portion of the fuel price situation. Refineries aren't creating new capacity because the government is demanding increased fuel economy standards. That means we'll need less gas as time goes on. The refineries look at their capacity, look at future demand trends and see excess capacity in the future. That excess will hit before they could bring a new refinery on line to help the situation right now. So they don't invest in their infrastructure or add new refining capacity. Thus, fuel prices stay higher. Double edge sword...



But in any case, the price of gas sucks. Well, tough shit. We are in this predicament, not because of Bush or OPEC or China or anything else, but because we as consumers act like it doesn't matter what the price is. Generally, when prices go up, demand goes down. But not so much with gasoline. Prices go up and demand stays up, until we reach a certain, and seemingly very high, pain threshold.

Gasoline demand in the US has been flat for the past 5 years, not really increasing or decreasing. But over those 5 years, the cost of gasoline has over doubled. And yet, demand stayed the same. Finally, demand for gasoline has shown a small decline, probably driven by the fact that gas is at or near $4/gallon. Get used to it, because it will probably never get below $3.25 a gallon, ever, no matter what the price of crude goes to....

X2.. But you forgot to add in about how taxes play a large large part in the price of gas.. The oil companies have to pay 40% tax which they pass down to consumers, the companies in all other countries pay 26% tax or less, so right off the bat American companies are at a disadvantage.

Plus at the pump you pay tax not only on your income, but you pay your states taxes which in some places is over 60 cents a gallon if I recall right the average is 5X cents a gallon.

So to lower gas prices congress can get its head out of the sand and first off drop all corporate taxes down to competitive levels for the rest of the world. At the end of the day the corporation does not pay the tax they pass it onto the consumer, just like how other companies pass down the costs of gas.

Second we need to fix our tax system.. Its a mess.
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      04-23-2008, 12:32 PM   #37
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Quote:
Originally Posted by achien View Post
The government is to blame because they are sending troops to Iraq.

I am surprise no one has queried how much gas/diesel those tanks and airplanes consume each day.

If the Green Peace folks would like to protest, they should take it to Iraq.
Per barrel of oil when its sent to a refinery you get a certain % of different types of fuels. The airplanes dont use the same stuff our cars do, and the tanks if I recall right the M1 runs a jet turbine engine.
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      04-23-2008, 12:59 PM   #38
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Quote:
Originally Posted by Laszlo View Post
This is nothing. Gas will be over $6 bucks a gallon by summer.

Don't you realize that we're running out of oil? Mexico only has 5-more years... and that's on the down-side of the curve.

We're screwed people. End of days... not to mention food prices and inflation.

The comodity market will crash and so will the stock market.

Look at the charts from the Great Depression and we're following it to the T...

You should also pull any money you have in BofA or Citi... both of those banks are going under.
Aaaaahhgggggg!!!!
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      04-23-2008, 01:30 PM   #39
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Hell me too.....
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      04-23-2008, 01:42 PM   #40
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Quote:
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anyone come up w/ a hybrid mod yet?
Yes, cut a hole in the floor of your car...it worked for Fred & Barney.....
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      04-23-2008, 01:43 PM   #41
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"I fire up the willing engine, responding with a roar, tires spitting gravel I commit my weekly crime"

I saw that Tesla last night on PBS, 0-60 in 4 seconds! That Rocky Monutain something or other car that weighs like 25 lbs for the CF frame, and the UC Davis plug-ins all sound good to me. It just shows the TECHNOLOGY is about 80% there, but the oil price hasn't risen enough to drive us there yet.

Oh, and I filled up my truck with regular @ 3.99/gal last night because I had 3/4 gal left, and they wanted $4.21 for 92
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      04-23-2008, 01:50 PM   #42
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It takes time to build up a solid supply chain from Iraq. Once the oil starts pouring out we'll be back to $0.99/gallon.
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      04-23-2008, 01:51 PM   #43
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If the militia quit blowing up the pipeline . . .
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      04-23-2008, 02:05 PM   #44
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Yes, cut a hole in the floor of your car...it worked for Fred & Barney.....
Did you steal my post?

http://www.e90post.com/forums/showpo...1&postcount=22
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