crudeman
Texas
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onrecess wrote:wing_zealot wrote:Guess i believe in Santa Claus and the Tooth Fairy cause I'm not buying greed and corruption when I see the U.S. consuming 20.7 million barrels of oil every day. Unless of course you are talking about the greed of OPEC. But I don't sense by your previous posts, some of which have been deleted, that OPEC is who you are blaming. Try Supply and Demand and the willingness of us Americans to ignore how much oil we have been consuming for so long. Fix that all consuming thirst for 20.7 million barrels of oil every day, and the historical attitude that that still isn't enough, that we want more and more foreign oil, then oil prices may stabilize. Greed is right, but the greedy devil is in the mirror. (I also believe in the Easter Bunny in case you wondered)
I guess you must believe in the Easter bunny. Ask yourself why our HUGE, GREEDY, and AWFUL thirst was about the same before big oil put Bush in, and yet gas prices were $1.67.
Ask yourself why domestic oil (50% of our usage) comes mainly from leases they pay $36 a barrel to the govt for, yet prices are based on the 30% we get from OPEC.
It is absolutely bizarre to hear people defending the right of monopolies to steal us blind. I bet you think we will soon "win" in Iraq because it is going so well, right?
If the oil companies didn't believe the free ride will be over when these thieves leave office, why doesn't Shell start making oil from shale? (THEY estimate the cost with development at $50 barrel.) Seems crazy not to do it... unless they believe >$50 barrel prices are not sustainable with a new governing party, huh?
LMAO... guess I believe in both myself, let me ask you, what should the price of gasoline/diesel be today if you were running a refinery and why? and what will be the price come January if there is a change in the white house?
Steve & Pat
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onrecess
Boca Raton, FL
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Well, that is too easy. If I was running an oil company I would have a monopoly. I'd charge whatever the market would pay. Of course, if I believed the govt would stop at nothing short of ending my monopoly and maybe even (shudder) nationalizing the company to drop our prices down to Mexico's $2 a gallon, I'd drop prices back down to $1.69 plus 60 or 70 cents (because a drop like that would pacify the public). I'd pocket the addition $100 BILLION in this year's rapacious profit and wait until my buddies got back in power for the next giant steal. What would you do?
If there is a major party shift in this election, I'll bet talk of actual govt price controls and even nationalization begin immediately. I doubt the oil companies will wait quite that long so they can dupe the willing into holding on to their belief in the "free market" (free as in monopolies freely stealing) and the oil company's buddies. Don't want to make it TOO obvious. Expect a decrease to at least $2.50 just before the election. they will hope the increase of only $50 billion a year in profit will squash dissent.
Time will prove one of us right, don't you agree?
You can post the proper apologies for doubting me and regrets for blindly following the party line then. ![[emoticon]](http://www.coastresorts.com/sharedcontent/cfb/images/smile.gif "smile") I'm sure you will have lots of company.
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edited 06/02/08 08:52am by an administrator/moderator *
Tom Anderson
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wing_zealot
East of the Mississippi
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Joined: 12/31/2007
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onrecess wrote:wing_zealot wrote:Guess i believe in Santa Claus and the Tooth Fairy cause I'm not buying greed and corruption when I see the U.S. consuming 20.7 million barrels of oil every day. Unless of course you are talking about the greed of OPEC. But I don't sense by your previous posts, some of which have been deleted, that OPEC is who you are blaming. Try Supply and Demand and the willingness of us Americans to ignore how much oil we have been consuming for so long. Fix that all consuming thirst for 20.7 million barrels of oil every day, and the historical attitude that that still isn't enough, that we want more and more foreign oil, then oil prices may stabilize. Greed is right, but the greedy devil is in the mirror. (I also believe in the Easter Bunny in case you wondered)
I guess you must believe in the Easter bunny. Ask yourself why our HUGE, GREEDY, and AWFUL thirst was about the same before big oil put Bush in, and yet gas prices were $1.67.
Ask yourself why domestic oil (50% of our usage) comes mainly from leases they pay $36 a barrel to the govt for, yet prices are based on the 30% we get from OPEC.
It is absolutely bizarre to hear people defending the right of monopolies to steal us blind. I bet you think we will soon "win" in Iraq because it is going so well, right?
If the oil companies didn't believe the free ride will be over when these thieves leave office, why doesn't Shell start making oil from shale? (THEY estimate the cost with development at $50 barrel.) Seems crazy not to do it... unless they believe >$50 barrel prices are not sustainable with a new governing party, huh?
Just answer me one question, how much was OPEC charging for a barrel of oil when Bush got in and how much is OPEC charging for a barrel of oil today. Now off to find them Easter Eggs.
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traxtermax
UPSTATE NEW YORK
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Joined: 05/26/2004
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wing_zealot wrote:...I'm not buying greed and corruption when I see the U.S. consuming 20.7 million barrels of oil every day.... Fix that all consuming thirst for 20.7 million barrels of oil every day,...
By how many barrels per day must we reduce our consumption to yield a gas price of say, $2 per gallon?
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Hurricaner
Hurricane Utah
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Joined: 02/17/2007
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Quote:Just answer me one question, how much was OPEC charging for a barrel of oil when Bush got in and how much is OPEC charging for a barrel of oil today. Now off to find them Easter Eggs.
West Texas crude was 30 when he took office, a year later it dropped to 20 and it now sits at 125. http://www.economagic.com/em-cgi/data.exe/var/west-texas-crude-long
Sam
Sam & Kari
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earnhardtfan55
Corinth, Texas
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crudeman wrote:onrecess wrote:Well, that is too easy. If I was running an oil company I would have a monopoly. I'd charge whatever the market would pay. Of course, if I believed the govt would stop at nothing short of ending my monopoly and maybe even (shudder) nationalizing the company to drop our prices down to Mexico's $2 a gallon, I'd drop prices back down to pre-Bush $1.69 plus 60 or 70 cents (because a drop like that would pacify the public). I'd pocket the addition $100 BILLION in this year's rapacious profit and wait until my buddies got back in power for the next giant steal. What would you do?
If there is a major party shift in this election, I'll bet talk of actual govt price controls and even nationalization begin immediately. I doubt the oil companies will wait quite that long so they can dupe the willing into holding on to their belief in the "free market" (free as in monopolies freely stealing) and the oil company's buddies. Without the possibility of their buddies returning to power they would be at the whim of an angry public- most of whom know a screwing when their on the receiving end- for god knows how long. Don't want to make it TOO obvious. Expect a decrease to at least $2.50 just before the election. they will hope the increase of only $50 billion a year in profit (since pre-Bushian collusion) will squash dissent.
Time will prove one of us right, don't you agree?
You can post the proper apologies for doubting me and regrets for blindly following the party line then. I'm sure you will have lots of company.
edited to remove my response, I dont do politics here. ya never answered the real question to start with.
I do and if there is a change all those who think the price will go down raise their hands (I got a bridge). The tax man will tax the evil oil companies (and guess who pays for that). I don't recollect the government producing one barrel of oil with tax money and I am sure they will produce just as much with more tax money.
* This post was
edited 06/02/08 08:56am by an administrator/moderator *
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topflite51
In The Desert of Nevada
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onrecess wrote:Well, that is too easy. If I was running an oil company I would have a monopoly. I'd charge whatever the market would pay. Of course, if I believed the govt would stop at nothing short of ending my monopoly and maybe even (shudder) nationalizing the company to drop our prices down to Mexico's $2 a gallon, I'd drop prices back down to pre-Bush $1.69 plus 60 or 70 cents (because a drop like that would pacify the public). I'd pocket the addition $100 BILLION in this year's rapacious profit and wait until my buddies got back in power for the next giant steal. What would you do?
If there is a major party shift in this election, I'll bet talk of actual govt price controls and even nationalization begin immediately. I doubt the oil companies will wait quite that long so they can dupe the willing into holding on to their belief in the "free market" (free as in monopolies freely stealing) and the oil company's buddies. Without the possibility of their buddies returning to power they would be at the whim of an angry public- most of whom know a screwing when their on the receiving end- for god knows how long. Don't want to make it TOO obvious. Expect a decrease to at least $2.50 just before the election. they will hope the increase of only $50 billion a year in profit (since pre-Bushian collusion) will squash dissent.
Time will prove one of us right, don't you agree?
You can post the proper apologies for doubting me and regrets for blindly following the party line then. I'm sure you will have lots of company. LMAO! I don't know what is worse the tooth fairy, Santa Claus, Easter bunny or where you are at in La La Land.
">David
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eltejano1
Woodville, Texas
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I see on CNN that there has been an ongoing federal investigation into shady practices by traders since Dec. Problem is, it's such a complex, multi-layered, multi-national labyrinth that assigning blame to any specific individual(s) or firm(s) appears impossible. Meanwhile, Sec Paulson has thrown-up his hands in Qatar, saying there is no solution in the "short-term" other than increasing production, and the Gulf countries are telling him they are meeting the demand of their customers and see no reason to pump more.
As Sea Dog has been saying here, as the effect of this continues to reverberate through the economy - and credit cards get maxed-out - we are going to feel an impact not seen since 1929 - except this time with an urban populace spoiled and weakened by a half-century of luxury. In those days, most people lived on farms with a strong family/community/church support system and they were used to adversity.
I think strong govt controls and regulation of energy are inevitable - possibly even full nationalization with a controlled price and some sort of rationing. That, of course will be the end of the American Century and the cheap petroleum it was built upon. The other option is to get to work on alternatives, with free enterprise and the old American "can-do" spirit of the past. I hope I'm wrong - pessimism often comes with old-age - but I just can't see today's generation rising to the occasion.
Jack
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nickthehunter
Midwest
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When I was in college there was a guy in the dorm that used to party with us. I have long ago forgotten his first name but his last name was Brown and his nickname was “Hump”. Hump was middle guard on the football team, and he was good. He was after all the starter at a big ten school.
Hump was tenacious in his zeal for football. He practiced relentlessly, trained compulsively, and was unrivaled in his preparation, execution, and zeal. He lived, breathed and ate football. Every fiber of him was devoted to football. He was big, he was muscular, and he probably was hit in the head one to many times.
If you spent any time with Hump, it was plain to see that he got through middle school, high school and was enrolled in college for one reason – football. For Hump, it was football or nothing.
Hump Brown believed with his whole being in football, Hump Brown was unrivaled in his zeal for his belief, Hump Brown could not be deterred nor shaken. But Hump Brown was as dumb as a rock.
I see Hump Brown is alive and well.
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bid_time
Michigan
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traxtermax wrote:wing_zealot wrote:...I'm not buying greed and corruption when I see the U.S. consuming 20.7 million barrels of oil every day.... Fix that all consuming thirst for 20.7 million barrels of oil every day,...
By how many barrels per day must we reduce our consumption to yield a gas price of say, $2 per gallon?
You will never see gas at $2.00 per gallon again. Even in a best case scenario (which this country has time and time agian proven is not possible) gas at less than $3.00 per gallon is unlikely. The time to make smart use of oil and conserve when possible is long past. You can't put back into the ground what you already burned up. We should have long ago developped and been using alternatives to oil wherever and whenever possible. We didn't, now we pay the piper. However, if you want to pay less then $4.00 per gallon, we need to start now, with what we didn't do before. Lastly, if we don't start now, don't expect anything to change in the future.
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