Gas Boycott
04-27-2006, 01:20 PM
#1
BobT
Thread Starter
Gas Boycott
I am tired of paying over $3.00 / per gallon just to keep my TL rolling. I am now spending $70 - $80 per week on gas! After seeing today’s financial news that Exxon / Mobil made over $8,400,000,000 in profits over the past 3 months, I am suggesting that we all boycott Exxon / Mobil until prices go down.
I know we will still have buy gas – and that it will be expensive. But I can not think of a single reason why my hard earned money needs to finance the $400,000,000 retirement plan for the Exxon CEO, or continue to help them become even more profitable next quarter.
Anyone else want to join?
Bob
04TL RRP/Camel 5AT/Nav
I know we will still have buy gas – and that it will be expensive. But I can not think of a single reason why my hard earned money needs to finance the $400,000,000 retirement plan for the Exxon CEO, or continue to help them become even more profitable next quarter.
Anyone else want to join?
Bob
04TL RRP/Camel 5AT/Nav
04-27-2006, 01:35 PM
#3
Originally Posted by bobt
I am tired of paying over $3.00 / per gallon just to keep my TL rolling. I am now spending $70 - $80 per week on gas! After seeing today’s financial news that Exxon / Mobil made over $8,400,000,000 in profits over the past 3 months, I am suggesting that we all boycott Exxon / Mobil until prices go down.
I know we will still have buy gas – and that it will be expensive. But I can not think of a single reason why my hard earned money needs to finance the $400,000,000 retirement plan for the Exxon CEO, or continue to help them become even more profitable next quarter.
Anyone else want to join?
Bob
04TL RRP/Camel 5AT/Nav
I know we will still have buy gas – and that it will be expensive. But I can not think of a single reason why my hard earned money needs to finance the $400,000,000 retirement plan for the Exxon CEO, or continue to help them become even more profitable next quarter.
Anyone else want to join?
Bob
04TL RRP/Camel 5AT/Nav
PS, I have been boycotting all the major companies. I get WAWA here in Maryland.
04-27-2006, 01:35 PM
#4
Don't forget to forward that to all CEO's in Exxon/Mobil (or any other oil company) - they will have a good laugh... I'm in the same boat as you are and I think all that is outrageous, but I also think nothing could be done – especially with the “Oil President”…
04-27-2006, 01:36 PM
#5
Banned
Join Date: Oct 2005
Age: 57
Posts: 2,994
Likes: 0
Received 0 Likes
on
0 Posts
I got this email yesterday....
GAS WAR - an idea that WILL workThis was originally sent by a retired >
Coca Cola executive It came from one of his engineer buddieswho retired from >
Halliburton. It's worth yourconsideration.Join the resistance!!!! I hear we >
are going to hitclose to $4.00 a gallon by next summer and it mightgo >
higher!! Want gasoline prices to come down? We need to take some >
intelligent, united action.Philip Hollsworth offered this good idea. This makes MUCH MORE SENSE than the "don't buy gas on a certainday" campaign that >
was going around last April or May!The oil companies just laughed at that >
because they knew we wouldn't continue to "hurt" ourselves by refusing to buy >
gas. It was more of an inconvenienceto us than it was a problem for them. >
BUT, whoever thought of this idea, has come up with a plan that can really >
work. Please read on and join with us!By now you're probably thinking >
gasoline priced at about $1.50 is super cheap. Me too! It is currently$2.79 >
for regular unleaded in my town. Now that the oil companies and the OPEC >
nations have conditioned us to think that the cost of a gallon of gas is >
CHEAP at$1.50 - $1.75, we need to take aggressive action to teach them that >
BUYERS control the marketplace..notsellers. With the price of gasoline >
going up more each day, we consumers need to take action. The only way we are >
going to see the price of gas come down is if we hit someone in the >
pocketbook by not purchasing their gas! And, we can do that WITHOUT hurting >ourselves. How? Since we all rely on our cars, we can't just stop buying gas. >
But we CAN have an impact on gas prices ifwe all act together to force a >
price war.Here's the idea: For the rest of this year, DON'T purchase ANY >
gasoline from the two biggest companies(which now are one), EXXON and >
MOBIL. If they are not selling any gas, they will be inclined to reduce >
their prices. If they reduce their prices, the other companies will have to >
follow suit. But to have animpact, we need to reach literally millions of >
Exxonand Mobil gas buyers. It's really simple to do! Now, don't wimp out on >
me at this point...keep reading and I'll explain how simple it is to reach >
millions of people!!I am sending this note to 30 people. If each of us send >
it to at least ten more (30 x 10 = 300) ... and those 300 send it to at >
least ten more (300 x 10 =3,000)...and so on, by the time the message >
reaches the sixth group of people, we will have reached over THREE MILLION >
consumers.If those three million get excited and pass this on to ten friends >
each, then 30 million people will have been contacted! If it goes one level >
further, you guessed it..... THREE HUNDRED MILLION PEOPLE!!!Again, all you >
have to do is send this to 10 people.That's all!(If you don't understand >how we can reach 300 million and all you have to do is send this to 10 >
people....Well, let's face it, you just aren't a mathematician.But I am. so >
trust me on this one.) :-)How long would all that take? If each of us sends
>thise-mail out to ten more people within one day ofreceipt, all 300 MILLION >people could conceivably becontacted within the next 8 days!!! I'll bet >
you didn't think you and I had that much potential, didyou! Acting together >we can make a difference.If this makes sense to you, please pass this >
message on. I suggest that we not buy from EXXON/MOBIL UNTILTHEY LOWER >THEIR PRICES TO THE $1.30 RANGE AND KEEPTHEM DOWN. THIS CAN REALLY WORK
Coca Cola executive It came from one of his engineer buddieswho retired from >
Halliburton. It's worth yourconsideration.Join the resistance!!!! I hear we >
are going to hitclose to $4.00 a gallon by next summer and it mightgo >
higher!! Want gasoline prices to come down? We need to take some >
intelligent, united action.Philip Hollsworth offered this good idea. This makes MUCH MORE SENSE than the "don't buy gas on a certainday" campaign that >
was going around last April or May!The oil companies just laughed at that >
because they knew we wouldn't continue to "hurt" ourselves by refusing to buy >
gas. It was more of an inconvenienceto us than it was a problem for them. >
BUT, whoever thought of this idea, has come up with a plan that can really >
work. Please read on and join with us!By now you're probably thinking >
gasoline priced at about $1.50 is super cheap. Me too! It is currently$2.79 >
for regular unleaded in my town. Now that the oil companies and the OPEC >
nations have conditioned us to think that the cost of a gallon of gas is >
CHEAP at$1.50 - $1.75, we need to take aggressive action to teach them that >
BUYERS control the marketplace..notsellers. With the price of gasoline >
going up more each day, we consumers need to take action. The only way we are >
going to see the price of gas come down is if we hit someone in the >
pocketbook by not purchasing their gas! And, we can do that WITHOUT hurting >ourselves. How? Since we all rely on our cars, we can't just stop buying gas. >
But we CAN have an impact on gas prices ifwe all act together to force a >
price war.Here's the idea: For the rest of this year, DON'T purchase ANY >
gasoline from the two biggest companies(which now are one), EXXON and >
MOBIL. If they are not selling any gas, they will be inclined to reduce >
their prices. If they reduce their prices, the other companies will have to >
follow suit. But to have animpact, we need to reach literally millions of >
Exxonand Mobil gas buyers. It's really simple to do! Now, don't wimp out on >
me at this point...keep reading and I'll explain how simple it is to reach >
millions of people!!I am sending this note to 30 people. If each of us send >
it to at least ten more (30 x 10 = 300) ... and those 300 send it to at >
least ten more (300 x 10 =3,000)...and so on, by the time the message >
reaches the sixth group of people, we will have reached over THREE MILLION >
consumers.If those three million get excited and pass this on to ten friends >
each, then 30 million people will have been contacted! If it goes one level >
further, you guessed it..... THREE HUNDRED MILLION PEOPLE!!!Again, all you >
have to do is send this to 10 people.That's all!(If you don't understand >how we can reach 300 million and all you have to do is send this to 10 >
people....Well, let's face it, you just aren't a mathematician.But I am. so >
trust me on this one.) :-)How long would all that take? If each of us sends
>thise-mail out to ten more people within one day ofreceipt, all 300 MILLION >people could conceivably becontacted within the next 8 days!!! I'll bet >
you didn't think you and I had that much potential, didyou! Acting together >we can make a difference.If this makes sense to you, please pass this >
message on. I suggest that we not buy from EXXON/MOBIL UNTILTHEY LOWER >THEIR PRICES TO THE $1.30 RANGE AND KEEPTHEM DOWN. THIS CAN REALLY WORK
04-27-2006, 01:37 PM
#6
How may I help you.....?
Join Date: Aug 2005
Location: Northern VA
Age: 46
Posts: 1,932
Likes: 0
Received 10 Likes
on
3 Posts
Originally Posted by gregtomash
Don't forget to forward that to all CEO's in Exxon/Mobil (or any other oil company) - they will have a good laugh... I'm in the same boat as you are and I think all that is outrageous, but I also think nothing could be done – especially with the “Oil President”…
Trending Topics
04-27-2006, 01:42 PM
#8
Moved to the LOU
iTrader: (6)
Originally Posted by bobt
I am tired of paying over $3.00 / per gallon just to keep my TL rolling. I am now spending $70 - $80 per week on gas! After seeing today’s financial news that Exxon / Mobil made over $8,400,000,000 in profits over the past 3 months, I am suggesting that we all boycott Exxon / Mobil until prices go down.
I know we will still have buy gas – and that it will be expensive. But I can not think of a single reason why my hard earned money needs to finance the $400,000,000 retirement plan for the Exxon CEO, or continue to help them become even more profitable next quarter.
Anyone else want to join?
Bob
04TL RRP/Camel 5AT/Nav
I know we will still have buy gas – and that it will be expensive. But I can not think of a single reason why my hard earned money needs to finance the $400,000,000 retirement plan for the Exxon CEO, or continue to help them become even more profitable next quarter.
Anyone else want to join?
Bob
04TL RRP/Camel 5AT/Nav
I always boycott Exxon/Mobil and it's not because of the profit they are making. All the companies are making enourmous profit's, Exxon just has more stations out there to distribute more gas to. I always get Chevron, Conoco or Shell. The reason being is the whole top tier gas information.
www.toptiergas.com
04-27-2006, 01:43 PM
#9
Moved to the LOU
iTrader: (6)
Originally Posted by gatrhumpy
LOL, good luck with that. Will never work.
PS, I have been boycotting all the major companies. I get WAWA here in Maryland.
PS, I have been boycotting all the major companies. I get WAWA here in Maryland.
04-27-2006, 01:48 PM
#10
TL User
Join Date: Jul 2004
Location: San Francisco, CA
Age: 45
Posts: 171
Likes: 0
Received 0 Likes
on
0 Posts
Gas Wars don't work
Here is why Gas Wars will NEVER work.
From snopes: http://www.snopes.com/politics/gasoline/gasout.asp
A boycott of a couple of brands of gasoline won't result in lower overall prices. Prices at all the non-boycotted outlets would rise due to the temporarily limited supply and increased demand, making the original prices look cheap by comparison. The shunned outlets could then make a killing by offering gasoline at its "normal" (i.e., pre-boycott) price or by selling off their output to the non-boycotted companies, who will need the extra supply to meet demand. The only person who really gets hurt in this proposed scheme is the service station operator, who has almost no control over the price of gasoline.
The only practical way of reducing gasoline prices is through the straightforward means of buying less gasoline, not through a simple and painless scheme of just shifting where we buy it. The inconvenience of driving less is a hardship too many people apparently aren't willing to endure, however.
From snopes: http://www.snopes.com/politics/gasoline/gasout.asp
A boycott of a couple of brands of gasoline won't result in lower overall prices. Prices at all the non-boycotted outlets would rise due to the temporarily limited supply and increased demand, making the original prices look cheap by comparison. The shunned outlets could then make a killing by offering gasoline at its "normal" (i.e., pre-boycott) price or by selling off their output to the non-boycotted companies, who will need the extra supply to meet demand. The only person who really gets hurt in this proposed scheme is the service station operator, who has almost no control over the price of gasoline.
The only practical way of reducing gasoline prices is through the straightforward means of buying less gasoline, not through a simple and painless scheme of just shifting where we buy it. The inconvenience of driving less is a hardship too many people apparently aren't willing to endure, however.
04-27-2006, 01:51 PM
#12
FOR SALE - BM
Join Date: Nov 2005
Location: Philadelphia, PA
Age: 46
Posts: 1,503
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by twigglius
WAWA sandwiches are soooo good at 4am when you are drunk!
04-27-2006, 02:02 PM
#13
Intermediate
Join Date: May 2004
Location: Dallas TX
Age: 61
Posts: 27
Likes: 0
Received 0 Likes
on
0 Posts
Profit is GOOD stop Whining!
Let's see,
We can't drill in the Tundra for fear of running off Bambi's cousins...
Flipper will be offended if we drill off the coast of FLA and CA...
No windmills either because they kill migratory birds ....
We can't build any nukes, nowhere to put the waste, at least not in my back yard..
And we havn't build a refinery since the 70's, can't figure why we're at capacity ....
Don't forget that on average $.50 for each gallon is federal tax, oh yes and the euros are paying $6.00 gallon.
Considering the above ... you're still getting one hell of a bargin, about 50% of what others on the planet pay.
It's all about supply and demand kids, nobody complained when XOM and others were getting $20 a barrell, why should they charge less if we're willing to pay for it? Did ANYONE take economics 101?
At some point, maybe around $4.00/gal, people will change thier behavior, and when we buy less, they sell for less, the price goes down. it's called the free market.
So keep on blaming your President if it makes you feel better.
Climbing off my soapbox and doning my flame suite ..... ok ready now.....
We can't drill in the Tundra for fear of running off Bambi's cousins...
Flipper will be offended if we drill off the coast of FLA and CA...
No windmills either because they kill migratory birds ....
We can't build any nukes, nowhere to put the waste, at least not in my back yard..
And we havn't build a refinery since the 70's, can't figure why we're at capacity ....
Don't forget that on average $.50 for each gallon is federal tax, oh yes and the euros are paying $6.00 gallon.
Considering the above ... you're still getting one hell of a bargin, about 50% of what others on the planet pay.
It's all about supply and demand kids, nobody complained when XOM and others were getting $20 a barrell, why should they charge less if we're willing to pay for it? Did ANYONE take economics 101?
At some point, maybe around $4.00/gal, people will change thier behavior, and when we buy less, they sell for less, the price goes down. it's called the free market.
So keep on blaming your President if it makes you feel better.
Climbing off my soapbox and doning my flame suite ..... ok ready now.....
04-27-2006, 02:06 PM
#14
Oderint dum metuant.
Join Date: Mar 2005
Location: Lake Wylie
Age: 46
Posts: 12,496
Likes: 0
Received 534 Likes
on
446 Posts
I agree that the record profits the oil companies made last year and continue to make this year are obscene; however, there's not much we can do about it. Well, there is, but we can't realize it. A good number of people could work from home, thereby eliminating 80% or more of their gas usage...problem is, our companies won't let us as they can't keep us under their thumbs at home (nevermind they could save a fortune on rent and/or property taxes).
What I want to know is why no one has called the oil companies explanation of the profits into question. They argued that revenue went up because their cost to buy oil went up...I'll give them oil costs went, but their revenue went up at a much greater percentage due to extreme raises in prices (in other words, gouging). Of course, Congress is posturing as this is an election year for a lot of them, but nothing will come of it. Since gas is in essense a utility/energy monopoly, it should fall under the same regulation as the power, gas, water, phone, etc. companies, putting an end to the gouging.
And the windfall tax some are talking about is useless...the consumer doesn't get a dime of it. What would be nice would be if the government stepped in, said they could make X% profit, take the rest and send checks to people like the tax refund a few years ago. I know, it's shades of socialism, but I don't believe any company (or the government) should be taking large amounts of money (in excess of their expenses) that people earn. Most of people's money that is paid in taxes, makes up exorbitant profits, etc. would be better served still being in the hands of the people who worked to earn it.
What I want to know is why no one has called the oil companies explanation of the profits into question. They argued that revenue went up because their cost to buy oil went up...I'll give them oil costs went, but their revenue went up at a much greater percentage due to extreme raises in prices (in other words, gouging). Of course, Congress is posturing as this is an election year for a lot of them, but nothing will come of it. Since gas is in essense a utility/energy monopoly, it should fall under the same regulation as the power, gas, water, phone, etc. companies, putting an end to the gouging.
And the windfall tax some are talking about is useless...the consumer doesn't get a dime of it. What would be nice would be if the government stepped in, said they could make X% profit, take the rest and send checks to people like the tax refund a few years ago. I know, it's shades of socialism, but I don't believe any company (or the government) should be taking large amounts of money (in excess of their expenses) that people earn. Most of people's money that is paid in taxes, makes up exorbitant profits, etc. would be better served still being in the hands of the people who worked to earn it.
04-27-2006, 02:14 PM
#15
Advanced
Join Date: Apr 2006
Age: 53
Posts: 95
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by chill_dog
What I want to know is why no one has called the oil companies explanation of the profits into question.
Not paying attention much I guess.
Every politician in the country is climbing all over themselves to demand "explanations."
As hostage46 mentions, the explanations are pretty obvious if one bothers to gain a basic understanding of economics.
Oh and btw, the "obscene" profits being made by the oil companies are actually much lower as a percentage of their size than many, many other industries.
And if you really think profit are that high, go buy some of their stock. They are all publicly traded companies. So, you too can be part of the BIG OIL conspiracy.
04-27-2006, 02:30 PM
#17
Oderint dum metuant.
Join Date: Mar 2005
Location: Lake Wylie
Age: 46
Posts: 12,496
Likes: 0
Received 534 Likes
on
446 Posts
Originally Posted by dbett
Oh and btw, the "obscene" profits being made by the oil companies are actually much lower as a percentage of their size than many, many other industries.
Originally Posted by dbett
And if you really think profit are that high, go buy some of their stock. They are all publicly traded companies. So, you too can be part of the BIG OIL conspiracy.
Originally Posted by subinf
This is going to turn into a R&P thread soon...
04-27-2006, 02:41 PM
#19
04 NBP 6MT
Join Date: Dec 2005
Location: ATL (SWATS)
Age: 48
Posts: 324
Likes: 0
Received 0 Likes
on
0 Posts
Oil companies are making record profits and the executives are getting paid. So what? Oil company PROFIT MARGINS are lower than several other industries, such as technology. Rick Wagoner and Bob Lutz are still making mad money, but GM posts losses in the billions. Why isn't anyone complaining about their pay packages? Maybe we should pass a law that no company can make a profit. That worked well in the USSR.
Or we could buy oil company stock and get rich. The dinosaurs aren't making more oil.
Or we could buy oil company stock and get rich. The dinosaurs aren't making more oil.
04-27-2006, 02:47 PM
#20
2014 RDX Tech AWD
Actually the boycot is pretty popular around our area; it was on our local news this week how a lot of people are boycotting Exxon and Mobil.
IMHO:
I don't think it's stupid at all...
especially while I'm sitting in my office only making $23 per hour while some companies are making record profits and CEO's are getting fat bonuses at the end of the year.
So, in my opinion - my
worth... go for it!
I've been buying at Hess and Sunoco. Until I hear or know otherwise...or until mor money is going into my wallet instead of theirs.
IMHO:
I don't think it's stupid at all...
especially while I'm sitting in my office only making $23 per hour while some companies are making record profits and CEO's are getting fat bonuses at the end of the year.
So, in my opinion - my
worth... go for it!I've been buying at Hess and Sunoco. Until I hear or know otherwise...or until mor money is going into my wallet instead of theirs.
04-27-2006, 02:49 PM
#21
2014 RDX Tech AWD
Originally Posted by your_mom
Oil companies are making record profits and the executives are getting paid. So what? Oil company PROFIT MARGINS are lower than several other industries, such as technology. Rick Wagoner and Bob Lutz are still making mad money, but GM posts losses in the billions. Why isn't anyone complaining about their pay packages? Maybe we should pass a law that no company can make a profit. That worked well in the USSR.
Or we could buy oil company stock and get rich. The dinosaurs aren't making more oil.
Or we could buy oil company stock and get rich. The dinosaurs aren't making more oil.
04-27-2006, 02:59 PM
#22
Advanced
Join Date: Apr 2006
Age: 53
Posts: 95
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by KJW73
while I'm sitting in my office only making $23 per hour while some companies are making record profits and CEO's are getting fat bonuses at the end of the year.
04-27-2006, 03:03 PM
#23
2014 RDX Tech AWD
Originally Posted by dbett
The guy pumping gas at the local Exxon making $7/hour - who might lose his job if this idea actually became widespread - probably feels the same way about you.
Your point well taken (although we don't have full service gas pumps in our area
).
04-27-2006, 03:04 PM
#24
Ryan Christopher
I am going to apologize up front but I must rant!!Yes, our gas is less then Europe, but the price of gas in the middle east is <$1.00 and in one country it was only .12 cents a gallon?? So what is the problem? Its only partially contributed to the oil companies, the may concern should be all the politicians that are receiving money from these big oil companies!! In one breath the are screaming that the price is to high ( to save face in an election year), while quietly accepting Large amounts of money from oil companies, or free gas, who really knows!!! A quick question, how did the Bush family get there money? Maybe, hhhmmm, OIL!!!!!!!!!!!!!!!! He is buddy buddy with all the oil companies! Not hating on Bush, but there is a serious problem here, and it starts with the government, not the oil company. They tax us while giving the oil companies tax breaks and funding for alternative fuels options!! After hurricane Katrina and Rita, the price of gas shot up due to refineries being hit and the port of New Orleans being shut down, this include the price of gas in CA and the west. This area does not receive any fuel from Texas or LA. SO WHY DID IT GO UP!!!!!!!!!!!!!!! I am so confused, no one wants to accept any responsibility for it at all. Here is a quick fact for you, Exxon made $1,114 per SECOND when they had there record profit, that is PER SECOND!!!!!!!!!!!
I will now step down from the soap box and let someone else go.
04-27-2006, 03:13 PM
#26
Advanced
Join Date: Apr 2006
Age: 53
Posts: 95
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Black_05_TL_6SP
:the price of gas in the middle east is <$1.00 and in one country it was only .12 cents a gallon?? So what is the problem?
Such prices are subsidized by the various governments. They do not represent actual market prices.
Would you propose the US government massively raise taxes in order to subsidize our gasoline purchases?
04-27-2006, 03:18 PM
#27
2014 RDX Tech AWD
Originally Posted by dbett
Right back at yah. 
I was being sincere (for the record). ...I used to work in Business Development for the government so I should have been more sensitive to the issue knowing that probably most of the folks that work at Exxon and Mobil are the folks working for a few bucks above minimum wage; and by all means the unemployment rate is bad enough and I wouldn't want to see someone out of a job.
But in the same token, I don't want to pay for outrageous gas prices (currently $3.21 in my area for Premium) and now have to sacrifice something that I'm used to having, just so that I can be mobile. It's crazy!
04-27-2006, 03:25 PM
#28
Ryan Christopher
Originally Posted by dbett
Such prices are subsidized by the various governments. They do not represent actual market prices.
Would you propose the US government massively raise taxes in order to subsidize our gasoline purchases?
Would you propose the US government massively raise taxes in order to subsidize our gasoline purchases?
04-27-2006, 03:26 PM
#29
Advanced
Join Date: Apr 2006
Age: 53
Posts: 95
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by KJW73
the unemployment rate is bad enough and I wouldn't want to see someone out of a job.
No need to apologize. Folks are pissed. Understandable. We here in the good old US of A expect low gas prices.
But just need to correct your thinking that the unemployment rate is high. It's actually very low - below the rate that is usually considered "full employment."
Despite the high gas prices, the overall economy is doing pretty dang good. That's one reason why demand for gas is so high - and why even high prices aren't significantly lowering demand.
04-27-2006, 03:30 PM
#30
Advanced
Join Date: Apr 2006
Age: 53
Posts: 95
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Black_05_TL_6SP
No, but I would propose that instead of taxing the gas we buy, that they tax the profits the company is making, without the oil company caring down the cost to us. Again, the government gives plenty of money to the oil companies!! Why should they pay them money as well as the consumer paying a inflated rate! We need to continue on with research into alternate fuels, this needs to be done without the influence of a government that is making money off of the oil company. Hydrogen technology has been around since the 60's and 70's. Why has it not been adopted? MONEY!! If you where sitting on Billions of Billions of $$$$ would you push for an alternate area for that money to go to? Even the electric technology has barely been touched and not the Hybrid stuff they have out right now.
Couple of things. If the government taxes the "excess" profits, oil companies will not invest as much money in exploration and development. That is a simple (and historically proven) fact. The obvious result would be lower oil and gas supplies in the future - with accompanying higher prices and shortages.
Because keep in mind, Exxon is reinvesting a huge amount of these profits.
As for the alternative fuel sources, they are being developed. If you are interested in more information, Popular Mechanics has a good article on the pros and cons of various approaches. They conclude that hydrogen is coming, but as a practical matter is about 20 years off.
04-27-2006, 03:47 PM
#31
Ryan Christopher
Originally Posted by dbett
Couple of things. If the government taxes the "excess" profits, oil companies will not invest as much money in exploration and development. That is a simple (and historically proven) fact. The obvious result would be lower oil and gas supplies in the future - with accompanying higher prices and shortages
Because keep in mind, Exxon is reinvesting a huge amount of these profits.
Because keep in mind, Exxon is reinvesting a huge amount of these profits.
Here is a quick break down of the oil from the middle east.
Shell............................205,742,000 barrels
Chevron/Texaco.........144,332,000 barrels
Exxon /Mobil................130,082,000 barrels
Marathon/Speedway...117,740,000 barrels
Amoco.........................62,231,000 barrels
Here are some large companies that do not import Middle Eastern
oil:
Citgo....................0 barrels
Sunoco............. .0 barrels
Conoco............. ..0 barrels
Sinclair............... 0 barrels
BP/Phillips.......... 0 barrels
Hess...................0 barrels
Originally Posted by dbett
As for the alternative fuel sources, they are being developed. If you are interested in more information, Popular Mechanics has a good article on the pros and cons of various approaches. They conclude that hydrogen is coming, but as a practical matter is about 20 years off.
04-27-2006, 03:50 PM
#32
Ryan Christopher
Originally Posted by dbett
Despite the high gas prices, the overall economy is doing pretty dang good. That's one reason why demand for gas is so high - and why even high prices aren't significantly lowering demand.
We are just all making to much money in this country!!
04-27-2006, 03:55 PM
#33
Advanced
Join Date: Apr 2006
Age: 53
Posts: 95
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Black_05_TL_6SP
We only use imported oil.
Regardless, oil is a commodity that is traded around the globe. The price worldwide is going to be effected by any significant 'local' supply (or demand) event.
As for your list, not sure what the source is. It's looks kinda dated since BP and Amoco are now a single company. Not to mention, BP does get oil from the Middle East.
Also not sure what your point is. A lot of local gas stations buy their gas from independent suppliers - and that's the case even if they are an "Exxon" station.
04-27-2006, 04:07 PM
#34
Intermediate
Join Date: May 2004
Location: Dallas TX
Age: 61
Posts: 27
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Black_05_TL_6SP
No, but I would propose that instead of taxing the gas we buy, that they tax the profits the company is making, without the oil company caring down the cost to us.
There is no such thing as a corporate tax, it all comes out of your pocket in the long run.
04-27-2006, 04:08 PM
#35
Moved to the LOU
iTrader: (6)
Originally Posted by jmbnova
Better than Sheetz?? They have gas too
04-27-2006, 04:12 PM
#36
rm -rf *
Join Date: Jun 2005
Location: OKC, OK
Age: 48
Posts: 31
Likes: 0
Received 0 Likes
on
0 Posts
So I get the whole supply/demand thing, but I found out something that may be happening on a larger scale than we think. I'm not trying to start a conspiracy or anything, I just thought this was very interesting.
My co-worker has an oil well in North Texas and receives a check every month from the proceeds. Last month the check was about half of what it was the previous month (even though gas prices were rising). She thought this very odd, so she called the smaller, local oil company that is taking care of the well. The manager let it slip that the larger oil company who owns the rights, told him to slow production of that well.
I know that's just one example of one well, but it seems that the supply could possibly be being regulated to drive up demand (and costs). I know it still has to be refined, etc. etc. to actually be gasoline but it could be a domino effect.
Again, not a conspiracy theorist, just sharing info.
My co-worker has an oil well in North Texas and receives a check every month from the proceeds. Last month the check was about half of what it was the previous month (even though gas prices were rising). She thought this very odd, so she called the smaller, local oil company that is taking care of the well. The manager let it slip that the larger oil company who owns the rights, told him to slow production of that well.
I know that's just one example of one well, but it seems that the supply could possibly be being regulated to drive up demand (and costs). I know it still has to be refined, etc. etc. to actually be gasoline but it could be a domino effect.
Again, not a conspiracy theorist, just sharing info.
Thread
Thread Starter
Forum
Replies
Last Post
