I did not know that the oil companies owed us low priced gas. When the price gets too high people will drive less . Untill then ????.
Oil companies to screw us again
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Originally Posted By: Titan
I just load up on Oil Company Stocks as a cushion against higher oil prices. I make far more money doing this than I spend in higher fuel prices. And, I keep my blood pressure down by not arguing about who's fault it is in the meantime.
I hope you own Exon stock they made 40.6 billion IN 2007
I just load up on Oil Company Stocks as a cushion against higher oil prices. I make far more money doing this than I spend in higher fuel prices. And, I keep my blood pressure down by not arguing about who's fault it is in the meantime.
I hope you own Exon stock they made 40.6 billion IN 2007
"Drill more. Refine more. Once the OPEC-ers don't have a strangle hold on the supply, just watch as prices come down to a realistic level. "
The problem with that idea is the hope that the new 'sources' will sell for less. Maybe they won't.
Russia, Brazil, Venezuela, other countries might be just as greedy and the OPEC countries are.
The problem with that idea is the hope that the new 'sources' will sell for less. Maybe they won't.
Russia, Brazil, Venezuela, other countries might be just as greedy and the OPEC countries are.
XOM has been OK, but, not stellar. My home-run was MCF, Contego. Sold it at 61.xx a couple of weeks ago after a 300% run-up in about 9 months. That'll pay for lots of gas. You just have to look for rampant fear and greed, and take advantage of the masses when they have too much of either. Take now for example....lots of fear, but, I think it can get worse...current rally is mostly short-covering, so, I think we'll revisit the recent lows before it goes up.
It's not quite as easy as selecting which oil to use, because you have an owner's manual to consult. But, it ain't rocket science.
It's not quite as easy as selecting which oil to use, because you have an owner's manual to consult. But, it ain't rocket science.
Originally Posted By: dwendt44
"Drill more. Refine more. Once the OPEC-ers don't have a strangle hold on the supply, just watch as prices come down to a realistic level. "
The problem with that idea is the hope that the new 'sources' will sell for less. Maybe they won't.
Russia, Brazil, Venezuela, other countries might be just as greedy and the OPEC countries are.
The cost to drill is another variable. Unless oil is expensive enough, the risk/reward ratio of commiting a drilling rig is unfavorable. Same with some of these out-of-the-way sites...too far "away", and reaching the site as well as transport out of the site increases costs.
I agree we aren't about to run out...we just have to pay for it, and that gets peoples shorts in a bunch, because we are spoiled and/or feel entitled. Heck, bottled water is much more expensive, and we buy it by the billions of gallons.
"Drill more. Refine more. Once the OPEC-ers don't have a strangle hold on the supply, just watch as prices come down to a realistic level. "
The problem with that idea is the hope that the new 'sources' will sell for less. Maybe they won't.
Russia, Brazil, Venezuela, other countries might be just as greedy and the OPEC countries are.
The cost to drill is another variable. Unless oil is expensive enough, the risk/reward ratio of commiting a drilling rig is unfavorable. Same with some of these out-of-the-way sites...too far "away", and reaching the site as well as transport out of the site increases costs.
I agree we aren't about to run out...we just have to pay for it, and that gets peoples shorts in a bunch, because we are spoiled and/or feel entitled. Heck, bottled water is much more expensive, and we buy it by the billions of gallons.
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And, so, it is why I believe we'll not see cheap oil again.
You didn't perceive it as "cheap oil" when it was. It never was cheap after you factor global defense of strategic resources. You just didn't pay it at the pump. Now you get to pay for high global demand ..and securing it.
There will be no "relief" from driving smaller, more economical, cars. Global demand will soak up every drop produced. Turning half of the global population into consumer/industrial economies will assure that, as you conserve, new entering demand will beg to get a chance at the room you've afforded them in the conservation since you will have made it affordable for them to do so.
Vehicle choice is a personal one and should be dictated by your personal economics in transportation. It's a hard argument to advise someone to buy a NEW $25k-$35k vehicle to save $1k-$2k/year. There it's merely a losing exchange of expense. OTOH, if you're already into a new lease for life, then get something cheaper to operate while you're dumping $4000-$6000/year in payments.
If you want to see your future in terms of automobile ownership, I'd look to some place like the former Soviet Union/Eastern Block. Don't think that we'll retreat to a the Euro model that we've been regulated into avoiding for decades with all the stifling complications put in the way. You'll see vehicle costs remain competitive, but fewer and fewer "incentives" being able to finance a public that can't truly afford them anyway and have merely been enjoying a false euphoria ..an illusion.
And, so, it is why I believe we'll not see cheap oil again.
You didn't perceive it as "cheap oil" when it was. It never was cheap after you factor global defense of strategic resources. You just didn't pay it at the pump. Now you get to pay for high global demand ..and securing it.
There will be no "relief" from driving smaller, more economical, cars. Global demand will soak up every drop produced. Turning half of the global population into consumer/industrial economies will assure that, as you conserve, new entering demand will beg to get a chance at the room you've afforded them in the conservation since you will have made it affordable for them to do so.
Vehicle choice is a personal one and should be dictated by your personal economics in transportation. It's a hard argument to advise someone to buy a NEW $25k-$35k vehicle to save $1k-$2k/year. There it's merely a losing exchange of expense. OTOH, if you're already into a new lease for life, then get something cheaper to operate while you're dumping $4000-$6000/year in payments.
If you want to see your future in terms of automobile ownership, I'd look to some place like the former Soviet Union/Eastern Block. Don't think that we'll retreat to a the Euro model that we've been regulated into avoiding for decades with all the stifling complications put in the way. You'll see vehicle costs remain competitive, but fewer and fewer "incentives" being able to finance a public that can't truly afford them anyway and have merely been enjoying a false euphoria ..an illusion.
I believe we should have some restrictive ownership policies on any vehicle over 1 ton and any sports utility vehicle.Maybe alchohol and tobbaco like excess fuel usage taxes. Thats because when my duaghter goes out in Corrolla i dont want a 250 deisel or suv owner threatining her safetey with a virtual miniature semi truck driven by someone who is not commercially liscenced, thats all.I dont care about your gas hogging personell freedom to choose any more as you obviuosly dont care about the safety of the middle calss econonmy car drivers competing in the roadway with your assualt vehicles.
You are missing the point about your extrapolatons into oil consumption string theory. I dont argue that most people who drive economy cars dont do it for environmental reasons. They would drive 250's or suvs if they could. The point is they cannot... I cannot( but wouldnt, mostly because i hate sofaboats), and therefore the roadways need to be made safer by eliminating dualies and suv's. In the process we can at least try to do something good for the environment. Lets face it, even though it may not help as the other poster said, it sure cant hurt.
You are missing the point about your extrapolatons into oil consumption string theory. I dont argue that most people who drive economy cars dont do it for environmental reasons. They would drive 250's or suvs if they could. The point is they cannot... I cannot( but wouldnt, mostly because i hate sofaboats), and therefore the roadways need to be made safer by eliminating dualies and suv's. In the process we can at least try to do something good for the environment. Lets face it, even though it may not help as the other poster said, it sure cant hurt.
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I can have almost everything UPSed to my house for what it costs to run around and obtain it. High gas prices hurts rural areas most since it's farther to get anywhere. The ultimate solution is to relax at home and plug-in your solar charged car to travel in it about once a week.
Titan,
You would enjoy and benefit from reading " The Coming Economic Collapse" by: Stephen Leeb, PhD. It is written by a man who forecasted the dot-com bust long before anyone else. Good Luck! It details crude as well as other resources you'll want to own.
You would enjoy and benefit from reading " The Coming Economic Collapse" by: Stephen Leeb, PhD. It is written by a man who forecasted the dot-com bust long before anyone else. Good Luck! It details crude as well as other resources you'll want to own.
If people here think that the oil companies are making sucha huge killing, they should buy that company's stock. Then whenever you or people around you buy gasoline, then that will mean extra money for you. You can then use the profit from your stocks to buy an all electric vehicle, haha.
If you think that the oil companies are making such a huge killing, they should buy that company's stock. Then whenever you or anyone else buys gasoline, then that will mean extra money for you. You can then use the profit from your oil stocks to buy an all electric vehicle, haha.
Originally Posted By: heathenbrewing
Originally Posted By: Bill in Utah
We have shown to the oil companies that during the off driving season, we will pay $3 without thinking about it (and not change our driving habits incl style).
We went over $3 last driving season and did not slow down and use less, so gas must still be cheap.
I'd bet that gas will be close to $4 a gallon this summer than $3.50.
Are the gas companies gouging us, price fixing, and generally charging whatever they want and making billions of dollars doing so?
Yes.
But ultimately, it is our fault. We continue to drive large vehicles that use a lot of gas. We think nothing of making 4 trips a day instead of combining our errands.
We live 30-40 minutes away from our jobs and think nothing of it. We will drive 30 miles to shop, get a haircut, see a movie, or eat at an Applebees (or a thousand other restaurants they are all the same if you havent noticed).
So here is your solution. Drive less in a smaller vehicle. When we do, gas prices will drop. Until then, we might as well get over it.
We live in a country where middle class families live in $250,000 homes with 4 bathrooms and yet we think the world is coming to an end when gas tops $3.00 a gallon.....look around, $4.00/gal is a very fair price.
And the next time you curse big oil, take a look at the sign posted near the pumps at all gas stations....see how much tax you pay on a gallon of gas.
Originally Posted By: rshaw125
This is OUR fault not the oil companies...
I totally agree. Its not the Presidents fault, the governments fault, or even the fault of the countries in the Mid East. It is our fault.
This is like the housing market IMO....its not a business problem but a people problem.
Has to be caused by someone else.
Can't be my fault.
Originally Posted By: Bill in Utah
We have shown to the oil companies that during the off driving season, we will pay $3 without thinking about it (and not change our driving habits incl style).
We went over $3 last driving season and did not slow down and use less, so gas must still be cheap.
I'd bet that gas will be close to $4 a gallon this summer than $3.50.
Are the gas companies gouging us, price fixing, and generally charging whatever they want and making billions of dollars doing so?
Yes.
But ultimately, it is our fault. We continue to drive large vehicles that use a lot of gas. We think nothing of making 4 trips a day instead of combining our errands.
We live 30-40 minutes away from our jobs and think nothing of it. We will drive 30 miles to shop, get a haircut, see a movie, or eat at an Applebees (or a thousand other restaurants they are all the same if you havent noticed).
So here is your solution. Drive less in a smaller vehicle. When we do, gas prices will drop. Until then, we might as well get over it.
We live in a country where middle class families live in $250,000 homes with 4 bathrooms and yet we think the world is coming to an end when gas tops $3.00 a gallon.....look around, $4.00/gal is a very fair price.
And the next time you curse big oil, take a look at the sign posted near the pumps at all gas stations....see how much tax you pay on a gallon of gas.
Originally Posted By: rshaw125
This is OUR fault not the oil companies...
I totally agree. Its not the Presidents fault, the governments fault, or even the fault of the countries in the Mid East. It is our fault.
This is like the housing market IMO....its not a business problem but a people problem.
Has to be caused by someone else.
I never choose to raise taxes on any one or thing. The goverment wastes it. bad idea.
In order to have a competitive free market economy that feeds goods and services to the people at the lowest possible price, certain rules have to be enforced. When refineries are allowed to collude and set prices you do not get the most efficient economic growth, since that sector starts to hog resources. This is the proper job of government in the economy - enforce the basic rules of the game, equally for all players.
When all of the products come out of the same refinery, and are "additised" and labeled as they fill the tanker, is that collusion or just "efficient business" ?
Where I used to live, there was a 10c difference (per litre) between the coast (refinery), and us (100 miles inland). All fuel was brought up by rail tanker, to the same dept, where every road tanker filled.
The fuel companies explained away the difference as "rail transport". Rail company copped huge heat, and finally released their shipping costs..2c/l.
Fuel companies dropped their price BY 1c/litre as a show of good faith...Govt raised excise by 1c/l at midnight the same night.
Where I used to live, there was a 10c difference (per litre) between the coast (refinery), and us (100 miles inland). All fuel was brought up by rail tanker, to the same dept, where every road tanker filled.
The fuel companies explained away the difference as "rail transport". Rail company copped huge heat, and finally released their shipping costs..2c/l.
Fuel companies dropped their price BY 1c/litre as a show of good faith...Govt raised excise by 1c/l at midnight the same night.
That would be pure monopoly at the refinery level. When all the major gas stations charge the exact same price for gasoline all day long all around town, no matter what the brand, that's collusion.
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