No sure about people not cutting back on the driving and consumption of fuel. Some reports are saying that our consumption rate is dropping ever so slightly and it seems to be the case in this area to a certain extent. I have been trying to find a covered storage place for my 5th wheel and there is none avaliable. Talking to the people we used last year they have told us that they are full, have been for a while and that people are just not using their RV's like they have in the past.
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Just think what we have to look forward to soon.
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The Goverment can't control private enterprize and the gas goes to the highest bidder and china is getting alot of our gas. so the oil companys are driving up our prices by selling over seas.Comment
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[QUOTE=crittergitter;684237]great video bill.
these jackholes are just trying to use the price of fuel to get what they want.
with in the next few year working for the oil companies will not be the place to be!!![/QUOTE]
That's what people have been saying for 40 years.....
it has it's ups and downs, but it's still one of the best careers out there.
thanks for the wish of good fortune thoughComment
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You're joking right?so the oil companys are driving up our prices by selling over seas.Comment
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The gov't can and has controlled private enterprise for a long time in certain areas of our lives, and oddly enough, a lot in oil and gas. While i dont think the oil companies are driving the cost up, they sure aren't complaining about it one iota. we're the ones who put it in our portfolios for money and retirement, so in essence, we are responsible for it by the trading firms who want to make us more money in oil futures.Originally posted by Two 10's View PostComment
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I think what he meant was if it gets nationalized, the govt. runs it, that it wont be a good to place to work then.. unless you like govt. work, filling out travel requests, having them watch all your expenses like a hawk, red tape making something that can be done in 1 hour take one day, and basically losing alot of that "private company environment" feeling..Originally posted by kyle1974 View Post
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yall reckon the price will rise every time a hurricane hits this season like it did last year?Comment
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It rises when someone farts in the desert, so i am going to say thats a givenOriginally posted by codiehedge View Post
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Originally posted by JTS View PostI think what he meant was if it gets nationalized, the govt. runs it, that it wont be a good to place to work then.. unless you like govt. work, filling out travel requests, having them watch all your expenses like a hawk, red tape making something that can be done in 1 hour take one day, and basically losing alot of that "private company environment" feeling..
you mean... working for the government and working in in energy are different?!?!?!?
LOL... I guess I misunderstood the post.Comment
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Time to buy that ghillie suit.
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I saw somewhere this morning that consumption in the US is down 11million barrells from this point last year. The oil and gas people say it is about supply/demand, so if we cut back this will bring the price of oil back down. We have cut back. American's I mean. I know I have. I see no relief. Sales are down, but profits are up. This does not happen in most other industries. As far as government regulation, ask Bill Gates about it. It is going to take the govt. to finally put their foot down to give us some relief. Buying a civic, and riding a bike are going to have 0 effect on fuel prices.Comment
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It's not driven by supply and demand. Read on... SOURCEGet ready for the next shock to your system. In the past month we have added 11.9 million barrels of oil into our stock reserves, giving us 32.3 million more barrels of oil than we had on hand January 1. On May 5, we found out that for the second time in as many years, Iran was storing its excess crude oil on tankers in the Persian Gulf, because it had run out of storage space in the desert and was awaiting buyers for its heavy crude. That same day Saudi Arabia cut the discount price for its Arabian Heavy crude to $7.45, hoping to entice more buyers for immediate delivery. We didn’t hear that news, either.Last edited by Snakelover; 05-29-2008, 10:53 AM.Comment
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It isn't a supply issue. It is a issue of the weakening dollar and speculation that is not based in fact.
When the dollar is worth less it takes more of them to buy oil on the market.
Look at what the dollar has done since the start of 2006
http://finance.google.com/finance?q=CURRENCY:USD
That is laughable. No offense. Besides Chrysler, name one public business that has actually gotten better after the government has gotten involved. The only true way gov. could help is stop deficit spending and help raise the value of our money, or shut down the commodities market. I don't see either of those happening anytime soon.It is going to take the govt. to finally put their foot down to give us some relief.Comment
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No, that's a nice concept but not how global economics works. To review, in an 'ideal' economic system, sellers are free to enter and exit the market, and buyers have options- then the supply and demand curves cross and that's the price.Originally posted by JTS View Post
OPEC is a cartel, and sets prices. US has antitrust laws that prevent monopolistic practices.
Take the Iraqi oil already, let the Turks with sharp knives guard the pumps and provide security, and start selling it cheap in the US. If foreign governments beetch about it, we cut-off out financial aid and military support to them.
As far as the oil companies profits, let me ask you a question:
Pick your local food store chain. If the price of ALL foods doubled this year wholesale, do you believe the company who owns the food stores should double their profits as a result? Not asking if they should raise their prices (of course), but how much they make (or take) from the consumers.
If you were a metal fabricator, and the price of steel doubled, would you immediately double your take-home income too?Comment
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