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Oil And Gas Prices

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If US decided to use all the Alaska oil, gas would have been $2 a gal but no, we have to buy to survive

hahaha NO WAY, it would be 7$ a gallon. It would be so expensive to mine from our own labor and territory

Exactly.

she is still a friend, haha I was in her wedding

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Are you some kind of neocon?

Are "you" riding your bike, walking and taking public transporation, how about "you" do that?

No, because "I'm" not creating ridiculous threads complaining about gas prices. Your rhetoric is the reason people do it in the first place.

Type in OPEC into your google toolbar, read what you find for a few days, and get back to me ;)

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well, what I stated is known fact and isn't secret. some people just go along with whatever they are told and meant to believe with no second thought AND THAT IS THE REASON OUR COUNTRY IS SO SCREWED UP AND GOVERNMENT IS SO DAMN CORRUPT.

if you would rather be naive and believe it is all legitimate and they somehow aren't doing what they are doing , that's up to you.

gas prices are pretty high and will only get higher, let him complain, it is his right in this country.

it doesn't hurt you or affect you directly does it? you don't have to read it. telling people what to do and to shut the f up is kind of facist you know.

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No, because "I'm" not creating ridiculous threads complaining about gas prices.

Hey bro it's either this or the darn three word thread, take your pick. ;)

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No, because "I'm" not creating ridiculous threads complaining about gas prices. Your rhetoric is the reason people do it in the first place.

Type in OPEC into your google toolbar, read what you find for a few days, and get back to me ;)

hey whoa dont blame me there buddy. i merely asked a question, even still i dont disagree with your point cos i went and read up on the subject.

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well, what I stated is known fact and isn't secret. some people just go along with whatever they are told and meant to believe with no second thought AND THAT IS THE REASON OUR COUNTRY IS SO SCREWED UP AND GOVERNMENT IS SO DAMN CORRUPT.

if you would rather be naive and believe it is all legitimate and they somehow aren't doing what they are doing , that's up to you.

gas prices are pretty high and will only get higher, let him complain, it is his right in this country.

it doesn't hurt you or affect you directly does it? you don't have to read it. telling people what to do and to shut the f up is kind of facist you know.

you need to stop "internet yelling" like a tool

they said that 2 years ago that they would go up and up and up.. well guess what? prices went down to from $3.50 to $2.80 in 2 years.. and now thye are back up to $3.30... they go up and down.. calm down.

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Back to Oil Prices, these are known facts so let's get real and not be naive:

1. Manipulation of supply and demand by the oil companies to intentionally create false shortages to drive up prices has been happening for quite some time and is no secret.

2. Do you think they all merged to be more competitive to keep prices low or create some sort of monopoly where there is less competition to further give them the ability to drive up prices.

3. Do you think they were talking about keeping oil prices low for the American people during the closed meetings with Vice President Dick Cheney or more along the lines of profits and how much our Government is willing to let such a special interest get away with.

Last, let me make it clear.

THERE IS NOTHING WRONG WITH LEGITIMATE PROFITS, however I have a big problem with them when they claim business is tough and they continue to make record breaking profits and guess what? Our Government gives the oil companies billions for research when they should be using some of their record breaking profits!

Who complained that "business is tough"?

I work for Chevron Corporation in Bakersfield, CA, where we extract about 215,000 barrels of crude per day.

It seems easy for people to target oil companies when the price at the pump goes up, but a lot of the supply holding isn't within our jurisdiction. There is a lot of nationalization and government vs. corporation feuding going on that affects our ability to discover and extract assets. Read about Nigeria and Venezuala.

Also, the margins from the downstream market are incredibly slim: after subtracting the wholesale cost of fuel, the operating costs of the station, government taxes, and dealer margins, oil companies are hardly making a cent/gallon at the pump. And the operating costs of our enhanced/improved recovery methods in the upstream market are immense--steam heating to decrease viscosity, wells, appraisal wells, deep sea drilling, etc.

You should also be aware that some oil corporations invest a lot of resources in alternative energy. For instance, CVX invested about $5B USD in alternative energy solutions in the past few years--geothermal, liquid natural gas (to vastly decrease transportation costs), etc. But it is true that certain oil companies, such as ExxonMobil, do not invest a single cent into alternative energy. It's a complicated industry, as you can imagine.

I think all that el director is asking of you is for you to make legitimately substantiated comments, rather than black and white claims.

BTW, my gas discount is pathetic--think cents per gallon.

AND I spend about $450/month on gas commuting up and down California.

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at least it doesn't cost as much here as it does in Europe... if i truly cared i would drive 55mph on the highway and thats not happening

on the contrary, think about how happy we would all be if we all owned a bunch of oil company stock

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hey whoa dont blame me there buddy. i merely asked a question, even still i dont disagree with your point cos i went and read up on the subject.

Ok, "ridiculous thread" comment retracted, it was not personal. And +1 to doing a little homework.

I just don't understand why people do not educate themselves on global energy demand, usage, and growth. We should be more focused on the rising economies of China and India, and what THAT will be doing to world energy supplies, not Mr. Hummer in Southern California.

ExxonMobil is small beans next to state owned energy companies in Saudi Arabia, Iran, China, Russia, Venezeula ........

Cognitive Dissonance is a powerful thing I guess.

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Who complained that "business is tough"?

I work for Chevron Corporation in Bakersfield, CA, where we extract about 215,000 barrels of crude per day.

It seems easy for people to target oil companies when the price at the pump goes up, but a lot of the supply holding isn't within our jurisdiction. There is a lot of nationalization and government vs. corporation feuding going on that affects our ability to discover and extract assets. Read about Nigeria and Venezuala.

Also, the margins from the downstream market are incredibly slim: after subtracting the wholesale cost of fuel, the operating costs of the station, government taxes, and dealer margins, oil companies are hardly making a cent/gallon at the pump. And the operating costs of our enhanced/improved recovery methods in the upstream market are immense--steam heating to decrease viscosity, wells, appraisal wells, deep sea drilling, etc.

You should also be aware that some oil corporations invest a lot of resources in alternative energy. For instance, CVX invested about $5B USD in alternative energy solutions in the past few years--geothermal, liquid natural gas (to vastly decrease transportation costs), etc. But it is true that certain oil companies, such as ExxonMobil, do not invest a single cent into alternative energy. It's a complicated industry, as you can imagine.

I think all that el director is asking of you is for you to make legitimately substantiated comments, rather than black and white claims.

BTW, my gas discount is pathetic--think cents per gallon.

AND I spend about $450/month on gas commuting up and down California.

Wow, they have you drunk on tha punch. I worked for coca cola and I didn't realize I was drunk on tha punch until I passed a mirror on the way to bathroom one morning, yeah they were coca cola boxers. I haven't looked back since. When you work for a company they will sing you the BS lines long enough until you start humming the same song in your head.

Listen real real close and you'll hear the world’s tiniest violin, playing for Chevron.

Just bustin your bizzalls though ;) , you have a point but we all need to realize that these facts are mostly brought to us by people or companies that have an interest in the subject. How about a third party? Can I get a third party? No press, no government, no company how about a non-profit individually funded third party investigation on the practices of all involved. <_<

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I think all that el director is asking of you is for you to make legitimately substantiated comments, rather than black and white claims.

Amen.

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ExxonMobil is small beans next to state owned energy companies in Saudi Arabia, Iran, China, Russia, Venezeula ........

You're basically right. Saudi Arabia owns about 22% of the entire world's crude oil supply. Surprisingly to many, however, CANADA actually holds the 2nd most quantity of reserves at 15%; this is primarily due to the sandy nature of the oil, which was basically un-extractable until recent years. We know have the technology to effectively separate the sand from the oil in the geographic--see Athabasca tar sand deposits.

But yeah...Saudi Aramco owns about 250B BOE in reserves while ExxonMobil owns about 40B BOE...

This topic is entirely too complex for a forum!

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pull up to station

put in credit card

select grade

fill up car

leave

its that simple

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