starfish Posted September 28, 2005 Report Share Posted September 28, 2005 Sometimes I wonder how we got into this bad of shape in this country. I'm often amazed at decisions made by our politicians that put us in economic jeapordy for political gain instead of looking out for the good of the people. We can't have a growing economy to support all of these social programs passed into law unless we have an expanding supply of energy. Always the same people standing in the way. Alot of these folks have been asking for high energy costs for years. The only problem for them is that they wanted the higher costs to be government taxes and not added profits to the suppliers. My thanks to all the oil workers who busted their tails to get the refineries back on line so quick. Hopefully cooler heads will prevail and we will get more supply soon to lower the cost again.http://www.alertnet.org/thenews/newsdesk/N26151111.htm Link to comment Share on other sites More sharing options...
Seifer850 Posted October 10, 2005 Report Share Posted October 10, 2005 Gas prices didn't change here over the past week, so Rita has had no effect so far, at least in the NW.Before Katrina, Gas was a crazy-at-the-time price of about 2.10/gal. Then Katrina came through.. rocketed all the way up to 3.29/gal. Went back down to reasonable levels of 2.50/gal before Rita came, and ever since Rita it's been about 3.10/gal here.Forgot where I read it, but supposedly the Southeast has the highest gas prices in the country right now.. whereas they used to be the lowest. Link to comment Share on other sites More sharing options...
JHEIII874T5M Posted October 10, 2005 Author Report Share Posted October 10, 2005 uh, I read it at the pump a few days ago... $3.51 for premium Link to comment Share on other sites More sharing options...
the underlørd Posted October 10, 2005 Report Share Posted October 10, 2005 uh, I read it at the pump a few days ago... $3.51 for premiumwow.. we're down to about 3.00 for premium in seattle. Link to comment Share on other sites More sharing options...
JDELUNA Posted October 10, 2005 Report Share Posted October 10, 2005 (edited) I tell you that oil companies are making a BIG profit in all this. Oil prices are the lowest they have been in 2 months, even before Katrina and Rita, so why are gas prices still just as high when oil prices were at $70 a barrel ??? God Bless.SAN FRANCISCO (MarketWatch) -- Crude futures closed under $63 a barrel Wednesday, settling at their lowest level in two months, as a drop in U.S. heating-oil and gasoline demand outweighed sizable declines in oil and oil-product inventories. Edited October 10, 2005 by JDELUNA Link to comment Share on other sites More sharing options...
JHEIII874T5M Posted October 11, 2005 Author Report Share Posted October 11, 2005 http://www.usatoday.com/money/industries/e...earn-usat_x.htmProjected growth- Third-quarter earnings growth is expected to be huge for energy-related companies.Drilling 194.8%Equipment and services 63.4%Integrated oil and gas 54.5%Exploration and production 84.9%Refining and marketing 141.3%Source: Standard & Poor's/USA Today Link to comment Share on other sites More sharing options...
NINSXTEVAGN Posted October 11, 2005 Report Share Posted October 11, 2005 http://www.usatoday.com/money/industries/e...earn-usat_x.htmProjected growth- Third-quarter earnings growth is expected to be huge for energy-related companies.Drilling 194.8%Equipment and services 63.4%Integrated oil and gas 54.5%Exploration and production 84.9%Refining and marketing 141.3%Source: Standard & Poor's/USA Today What should we expect when profits are the new religion. When clinton sign for no drilling for new oil platforms it was in nature areas. Where if there was an oil leak it would kill alot of wildlife. Also more refineries where proposed but big oil companies didnt want that because then gas prices would go down. Any natural disasters help drive up the prices. It might be true or it might be lies. Well I blame bush because didnt he say there was wmd. I reality I thought we was getting the oil? ISNT AMERIKA GREAT HAVE A WONDERFULL DAY. Link to comment Share on other sites More sharing options...
bottlecap Posted October 11, 2005 Report Share Posted October 11, 2005 the supply of crude is not (yet) the problem. the bottle neck has always been the refining. in fact opec tries to keep oil prices low to keep the demand for alternative energies down. i read that only about 10% of the u.s. refining capacity was disrupted as a result of the hurricanes. thus the price increases must be coming from other sources.my father works for the new york state lottery and deals with gas station owners everyday. there's a trend going on where the large oil companies are charging more and more for the franchise rights and for rent and the gas itself. many station owners are not making a profit on the gas, and things like coffee and lotto are what keeps them in business. i suspect that many owners saw the hurricane as a chance to jack up prices and make some profit.the bottom line is that the large oil companies have more then doubled their profits in the last couple years. i'm talking about return on investment here; real profits. despite all the money they put into exploration and other r and d they're still making double what they were. there's a reason for that. we're all being screwed at the pump.it's our own fault though. americans are willing to live with these prices, profit or not. maybe if more people knew that the extra buck and a half they're paying now as opposed to a year ago was mostly going into the profit pocket of the oil company they just bought from, they'd demand something be done.-mike Link to comment Share on other sites More sharing options...
EricF Posted October 13, 2005 Report Share Posted October 13, 2005 Wow Joseph... Gas up here is under $3 a gallon for 93.I've debated this topic too much to talk about it :( Link to comment Share on other sites More sharing options...
the ünderstüdy Posted October 14, 2005 Report Share Posted October 14, 2005 this poli forum sucks! Link to comment Share on other sites More sharing options...
JHEIII874T5M Posted October 15, 2005 Author Report Share Posted October 15, 2005 this poli forum sucks!put in bigger injectors and rasie the boost... they you can talk stuff Link to comment Share on other sites More sharing options...
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