Exxon's Profits Up 10% First Quarter Best Ever
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It doesn't matter...none of it. When India & China are fully on line as mechanized societies like the US..the pie chart will look different since we have 300MM people and they have 3 Billion. Do the math. Then buy some energy stocks for your retirement portfolio...mine is 33% energy.
Regulate the price..O.K. Are you going to then regulate who is allowed to buy at that price? Lower the price and people buy more gasoline..Where will it come from? The gasoline fairy? There is no more.
CAFE is not the answer people will merely drive more and use the same amount of total gasoline..which as mentioned is finite.
Can you not understand this?
And again Exxon doesn't fix the prices. They are fixed on the spot market in response to the price "You" are willing to pay.
plus probably close to 50% of your pay goes to taxes and license fees .
some one owes us cheap gas I don't know who but we are owed it ! I have a right to drive around all I want.
No competition = high profits, there were few oil companies then the government broke them up, then the oil companies bought off the politicians and now they have merged and there are few oil companies again.
That is where all the quality goes instead of into the product.
The government is our friend , it is here to help us. Say it over and over again till it becomes the truth.Quote:
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Wow, increase taxes and spending, that will bring down oil prices.
I'm glad to see someone with the balls to do something w/oil companies raping the American middle class.
A late thought could the profit come from cutting the pao from M1 ??? I had to bring the subject up or how about all those who use M1 and do less than 5,000 mile oil change intervals?
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some one owes us cheap gas I don't know who but we are owed it ! I have a right to drive around all I want.
Welcome to America. Where everyone owes the average person something.
I guess if one is in debt, owing something to almost everyone, the mortgage company and every bank who ever issued a credit card, then one begins to think that someone should owe them something.
I guess I don't feel that I'm owed much because I don't owe much.
I guess I don't feel that I'm owed much because I don't owe much.
CAFE is part of the realistic solution to this problem.
Why is a refiner making higher profits when the cost of its raw material has risen?
Why is a refiner making higher profits when the cost of its raw material has risen?
Because demand is exceeding supply, meaning what they can charge is higher than their increase in cost.
And yes, CAFE is the answer. I just discovered a pickup sold in Europe that gets 54 highway mpg. Of course it has a 1.5 liter 4 cylinder, not a 5.7 liter hemi.
John
Because demand is exceeding supply, meaning what they can charge is higher than their increase in cost.
And yes, CAFE is the answer. I just discovered a pickup sold in Europe that gets 54 highway mpg. Of course it has a 1.5 liter 4 cylinder, not a 5.7 liter hemi.
John
For the reason already described, that the price of fuel is being bid up faster than the rise in oil prices.
Second reason is that they do not have to buy all of their crude oil on the spot market. Many oil companies drill for a good percentage of their oil, so the oil they find is worth more than what it costs them to bring it out of the ground, even more profit for them.
People would drive more, the roads would be more crowded and the gasoline would still be used up and the prices would be the same. All available gasoline will be burned regardless of mileage/CAFE
^^^Just speaking for myself, for what reason would I drive more? My mileage to and from work stays the same, the distance to the vacation house is the same, and I don't drive for the "fun" of it. I disagree, CAFE would certainly help. We could make it work with current technology. Instead of commuting with a fullsize SUV, the average person could almost cut their consumption in half by buying any midsize car that gets 30 mpg on the highway. But I do agree that the high price of fuel will "light the fire" under their a$ $es and make them buy a more fuel efficient ride.
Since CAFE was implemented in the 70's, the amount of miles driven has increased, at the same time that MPG increased. It's as though people have an amount set aside for gasoline, and spend up to that limit. Europe's consumption went down only after prices rose.
Maybe amount of miles driven has increased because there are more people and the only cheap land for housing all these people is 40 miles away from their jobs in exurbia.
It's kind of like saying, why did we build this new prison/hospital/school/highway if we still have an overcrowding problem? But then could you imagine if you didn't?
The solution, aside from fewer people (which would fix EVERYTHING) is a mix of really good commuter transportation (eg trains), city mixed use planning that allows industry and housing to commingle, car pools, and cities getting smacked upside the head for affordable housing NIMBY-ism.
It's kind of like saying, why did we build this new prison/hospital/school/highway if we still have an overcrowding problem? But then could you imagine if you didn't?
The solution, aside from fewer people (which would fix EVERYTHING) is a mix of really good commuter transportation (eg trains), city mixed use planning that allows industry and housing to commingle, car pools, and cities getting smacked upside the head for affordable housing NIMBY-ism.
^^^Yep. Around here we don't have ANY public transportation. We are slaves to the car. Maybe alternative energy tax $$$ to create a decent electric car would help. Who knows. Kinda sux paying double for gas as I paid just 2 years ago, but what can ya do? Maybe if prices stay high, gas from coal and more ethanol will come on the market to stabilize the prices. These wild fluctuations in gas prices make most consumers skittish and isn't good for our economy.
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