SpoiledRotten
Central Mississippi
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Joined: 06/14/2004
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Sorry.. Double post due to forum slowness.
Just the 3 of us...SpoiledRotten, TotallyRotten, and ALittleRotten
2000 F-250 Lariat, CC
7.3 PSTD-Superchipped
2005 33RL2 New Vision - AKA "SpoiledRotten"
2000 Jeep Wrangler Sahara Edition
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stevenicoldeactivate
Hillsboro, Oregon
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Joined: 01/27/2007
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wing_zealot wrote:Guess i believe in Santa Claus and the Tooth Fairy... (I also believe in the Easter Bunny in case you wondered)
What about Cupid? It sure seems to me that there needs to be a lot more love around here; geeze, people who don't wave is nothing compared to how little we show how much we really care about anything.
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SpoiledRotten
Central Mississippi
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Joined: 06/14/2004
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eltejano1 wrote:WZ - I read farther down in the article and found several instances of refineries being shut-down or demolished - but no concrete evidence that it was done in order to drive-up prices. The article also makes claims that aren't documented - like Shell admitting they demolished their Bakersfield refinery to stop competition - date of meeting, name of official making statement, etc are lacking. It's hearsay.
Quote:A CLASSIC EXAMPLE of frustration with antitrust law is the recent attempt by Shell Oil to close its highly profitable refinery in Bakersfield, California. Already short on fuel and home to some of the highest prices for diesel and gasoline, Shell attempted to bulldoze the refinery rather than sell it. During initial open meetings with effected employees, the Shell spokesman claimed the company would never sell the plant. The bulldozing was desired to prevent a new competitor from entering the market. The company claimed the decrease in production at Bakersfield was expected to increase profits for Shell at its remaining refineries in Puget Sound, Los Angeles, and San Francisco. Shell's intentions alarmed the entire West. Elected officials pushed Shell to sell the refinery rather than close it and some asked the FTC to investigate. The company claimed it was losing money in Bakersfield and its wells in nearby California fields were running dry. The FTC agreed to investigate and announced its report would be completed sometime after Shell was scheduled to send the bulldozers through the refinery.
I read the whole article and it certainly sounds like they have a special software package that is deceiving the public into high pump prices. I can see that happening very easily. But as long as the "people's" government is being spoon fed by the Big Oil in the way of big taxes, don't expect for it to get better.
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AO_hitech
SF Bay Area
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Joined: 08/09/2004
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eltejano1 wrote:The article also makes claims that aren't documented - like Shell admitting they demolished their Bakersfield refinery to stop competition - date of meeting, name of official making statement, etc are lacking. It's hearsay.
I missed this while I was gone...
I have seen the "leaked" memo from Shell on the Internet somewhere. I don't have time to find it now, but I assume it's still out there somewhere. Besides, do you really think congress would allow that kind of perjury without action?
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onrecess
Boca Raton, FL
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Joined: 07/10/2007
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Yes, Texas crude went from $30 as barrel to $133. So let's see... OLD oil (already drilled and pumping) still costs big oil EXACTLY the same to get, refine, and transport. We use 50% our own oil. 26-28% OPEC. Now they base the price on OPEC's $133. And how exactly is that explainable if not outright theft??? Seems our avg cost (or oil's) is roughly $91. Strange that they charge you like it is $133. Shell started a program of shale oil in the last crunch which was only profitable at $50 barrel. So, why aren't they building it now? Lack of can-do? Bologna. Too much self-reliance would mean you couldn't pretend OPEC has you over a barrel. Prices could drop to $50. POOF! ONE HUNDRED BILLION DOLLARS of extra profit this year alone disappears.
How's them easter egss? I always preferred bunny ears... chocolate ones, that is.
Tom Anderson
2005 GeorgieBoy 35
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AO_hitech
SF Bay Area
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onrecess wrote:Too much self-reliance would mean you couldn't pretend OPEC has you over a barrel. Prices could drop to $50. POOF! ONE HUNDRED BILLION DOLLARS of extra profit this year alone disappears.
![[image]](http://i133.photobucket.com/albums/q45/delabril/hail.gif)
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rather be travlin'
Rose Capitol of (Texas at least)
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Joined: 07/20/2004
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When it comes down to even limiting pleasure rides on the Gold Wing, it's already past serious, and it's getting near to that point.
We should charge OPEC the same price per bushel of grain they charge us for a bbl. or oil.
* This post was
edited 06/02/08 04:50pm by rather be travlin' *
'03 Dodge/HO Cummins 3500
6 speed/3.73 dually/LWB
2000 Snowbird SE 102
'08 Goldwing GL 1800
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topflite51
In The Desert of Nevada
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Joined: 05/13/2004
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onrecess wrote:Yes, Texas crude went from $30 as barrel to $133. So let's see... OLD oil (already drilled and pumping) still costs big oil EXACTLY the same to get, refine, and transport. We use 50% our own oil. 26-28% OPEC. Now they base the price on OPEC's $133. And how exactly is that explainable if not outright theft??? Seems our avg cost (or oil's) is roughly $91. Strange that they charge you like it is $133. Shell started a program of shale oil in the last crunch which was only profitable at $50 barrel. So, why aren't they building it now? Lack of can-do? Bologna. Too much self-reliance would mean you couldn't pretend OPEC has you over a barrel. Prices could drop to $50. POOF! ONE HUNDRED BILLION DOLLARS of extra profit this year alone disappears.
How's them easter egss? I always preferred bunny ears... chocolate ones, that is.
Shell started a program of shale oil in the last crunch which was only profitable at $50 barrel. So, why aren't they building it now? Lack of can-do? Bologna.
As I wrote before, a Senate committee recently voted to ban obtaining oil from shale in Colorado. With this current enviroment, Shell should put it on hold.
OLD oil (already drilled and pumping) still costs big oil EXACTLY the same to get, refine, and transport.
Guess again. Big oil owns very little of those old oil fields. They are paying market prices for the oil.
">David
Just rolling along enjoying life
w/F53 Southwind towing a 87 Samurai or 01 Grand Vitara looking to fish
Simply Despicable ">
Any errors are a result of CRS.">
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eltejano1
Woodville, Texas
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Joined: 08/05/2006
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Any Great Depression-style economic collapse would be considerably complicated by the demographics of the USA. It would be comforting to look to the socialistic and cultural adaptations of post-war Europe as a model for the future. But those societies are not comparable with ours. They are racially and culturally homogeneous while this country is virtually as divided as before the civil war - and we have a long history of violence when times get tough.
I agree with Bagman that each of us must make our own adjustments and plans based upon our particular situations - which means, at least for me, cutting back on my family's dependence on energy.
Jack
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Sea Dog
Ontario Can.
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Joined: 04/15/2001
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Too bad the CEO of GM was not as hopefull as some posters here.
I suppose everyone heard him say during the plant closures announcement this morning that GM has decided that high fuel prices are here to stay.
Life is short,Death is long,
Take a vacation.
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