BajaNomad

Yikes! Five Dollar A Gallon Gringo Gasoline? (!)

DavidE - 2-23-2012 at 02:00 PM

It really looks like a 20-gallon fill-up is going to cost a hundred bucks! And it won't be long before Mexico has to raise prices because 30% of the gasoline in Mexico comes from Texas, sigh.

I need one of those Italika putt-putt jobs with the fiberglass cargo footballs. Do these things really get 100 mpg? And are they reliable for cruising to the tienda or purified water depot?

chuckie - 2-23-2012 at 02:04 PM

What is water?:yes:

USA prices based on speculation (overpriced!)

Ken Cooke - 2-23-2012 at 02:07 PM

I am going on an off-road trip to Death Valley soon, and if it wasn't for my good friend wanting to do this trip, it would have been Baja, hands down. Gasoline in the US is overpriced (based purely on speculation/futures), and for the price that we will pay for using our tents in campgrounds, my Wife and I could stay in a motel!

Cypress - 2-23-2012 at 03:10 PM

No drilling. No Keystone pipeline. Thank you Obama:(

Ken Cooke - 2-23-2012 at 03:15 PM

Quote:
Originally posted by Cypress
No drilling. No Keystone pipeline. Thank you Obama:(


I was concerned about this as well, but the pipeline project was going to be "rushed" without a means for dealing with a massive oil spill if one were to occur. You can't fault the President for not wanting to rush legislation through without a solid "Plan B" in place. Do you remember the Deep Water Horizon spill?
http://en.wikipedia.org/wiki/Deepwater_Horizon_oil_spill

Cypress - 2-23-2012 at 03:56 PM

Quote:
Originally posted by Ken Cooke
Quote:
Originally posted by Cypress
No drilling. No Keystone pipeline. Thank you Obama:(

You can't fault the President .. Do you remember the Deep Water Horizon spill?

Yep, my family lives down on the MS Gulf Coast. Know all about the oil spill. Compairing pipelines to off shore drilling rigs? Apples and oranges.

Bajaboy - 2-23-2012 at 04:18 PM

Quote:
Originally posted by Cypress
No drilling. No Keystone pipeline. Thank you Obama:(


Keystone was supposed to run through Nebraska...but the Republicans said it might harm the environment/water table.....:?:

Cypress - 2-23-2012 at 04:30 PM

Bajaboy, How 'bout another sip of that cool aid?:biggrin:

David K - 2-23-2012 at 05:06 PM

Yah funny stuff... blame Republicans for the pipeline veto by el presidente (D). In 2007-8 when gas last approached $4/ gallon the president (R) then 'opened-up' the ability to get our oil from our own land... and the price dropped drastically... was $1.89 at the end of Bush's term.

Naturally, this guy will do ANYTHING to get re-elected (even though he has been the worst president since Jimmy Carter)... and will do something (a good president would do now), but wait just before the election that will drop the price. He is counting on the short memories many have when it comes to politics.

chuckie - 2-23-2012 at 05:13 PM

That pipeline was going to run right next to my property..We talked to the pipeliners about it.Nobody except the antieverythings had any concerns about it.....

mcfez - 2-23-2012 at 05:24 PM

When the United States pulled out of the Bretton Woods Accord back in 71......oils prices sky rocketed a few years later ....70% just in one instance. Then that Opec oil embargo business was wonderful to deal with. I was in L.A. at the time. Bad place to be begging for gas.

Now this current price ...some folks are speaking of $5.50 by summer.

I just blame OUR government for not doing something about energy needs....that should had been seriously addressed back in the 70's.

[Edited on 2-24-2012 by mcfez]

fuel.jpeg - 13kB

coloradoboardheads - 2-23-2012 at 05:31 PM

I was for the pipeline...but, Obama's delay of the pipeline has nothing to do with gas prices now. Pipelines take a while to build (duh). The pipeline would have allowed a duty free port for refineries to ship diesel, derived from Canadian oil fields, to lucrative European markets. Great for profits for energy companies (fine with me) Not really that significant for our fuel prices.

bigzaggin - 2-23-2012 at 05:41 PM

It's not always awesome to have a Baja rig...



Cypress - 2-23-2012 at 05:45 PM

No drilling+No pipeline = $6/gal gasoline. Thanks Obama and cronies.

Hook - 2-23-2012 at 07:01 PM

Quote:
Originally posted by Cypress
No drilling+No pipeline = $6/gal gasoline. Thanks Obama and cronies.


Seems to me Obama war FOR offshore drilling before the big oil spill off LA. And isnt he for drilling off Alaska and has all the enviros going nuts?

Sorry, I dont give much credence to a person who couldnt even catch a fish in the Sea of Cortez. :rolleyes:

Think outside the Fox.

[Edited on 2-24-2012 by Hook]

Cypress - 2-23-2012 at 07:11 PM

Hook,;D Have rediscovered better fishing grounds and very happy with 'em. Thinking outside the Fox? Just stating the facts.:yes:

mtgoat666 - 2-23-2012 at 07:12 PM

Quote:
Originally posted by coloradoboardheads
I was for the pipeline...but, Obama's delay of the pipeline has nothing to do with gas prices now. Pipelines take a while to build (duh). The pipeline would have allowed a duty free port for refineries to ship diesel, derived from Canadian oil fields, to lucrative European markets. Great for profits for energy companies (fine with me) Not really that significant for our fuel prices.


the price of gasoline and diesel in USA is subject to global market price. relative to our consumption and the mobility of liquid petroleum, more or less petroleum produced in in USA will not substantially change price at the pump.

silly to blame obama energy policy or decisions for price of gasoline at the [ump. the price jump is due to rise in global demand.

of course, if it makes you feel good to blame a democrat, then blame on, but don't expect any GOP policy to change our being subject to global market (price could only be controlled by government if we nationalized oil and ran petrol market internally in USA ala Mexico or Venezuela).

if you want to blame someone or something, blame the social factors that lead you to buy and drive large fuel-inefficient vehicles, or blame there auto industry that "convinced" you to buy a big vehicle.

lots of nice fuel efficient vehicles on the market these days. get a nice fuel efficient car and enjoy yourself!

don't worry, be happy!

Roberto - 2-23-2012 at 07:14 PM

This is where I am REALLY happy to work in TJ a couple days a week. I also have changed the stock tank on my truck, and have two (not in the bed) tanks for a total of 95 gallons. I also have an in-bed auxiliary 105 gallon tank, which I don't normally carry. That's going to change. 200 gallons means I don't have to fuel for months. And it's diesel, so I pay less than gasoline. Eat your heart out Tacoma drivers. :lol::lol::lol::lol:

All this and noise and stink, too! :biggrin:

[Edited on 2-24-2012 by Roberto]

mtgoat666 - 2-23-2012 at 07:40 PM

Quote:
Originally posted by Roberto
This is where I am REALLY happy to work in TJ a couple days a week. I also have changed the stock tank on my truck, and have two (not in the bed) tanks for a total of 95 gallons. I also have an in-bed auxiliary 105 gallon tank, which I don't normally carry. That's going to change. 200 gallons means I don't have to fuel for months.


200 gallons? who wants to drive around town carrying 1,600 pounds of fuel? i would rather pay a bit more for fuel than drive around with 4 drums of fuel in my car :lol::lol:

coloradoboardheads - 2-23-2012 at 07:44 PM

mtgoat666

Agree with your comments on pricing...Facts are a struggle for some when they disagree with preconceived opinions.

Interesting to me...I have been reading some of these guys posts on Baja for years (in the background). Lots of great "factual" information on Baja. Then these comments.

[Edited on 2-24-2012 by coloradoboardheads]

Hook - 2-23-2012 at 07:47 PM

Roberto, WHERE do you pay less for diesel than gas? Certainly not in the US or where I live in Mexico.

Once upon a time, yes, but not where I live, unless you are talking the ethyl pumps in Mexico.

Ethyl may be an antiquated term for higher octane gas, admittedly..........

[Edited on 2-24-2012 by Hook]

mcfez - 2-23-2012 at 07:49 PM

Add us Ram Truck guys too, Roberto :-( I spend 10 hours per week in my truck just taking the young one back and forth to his school in town. Half hour to it...half hour back to the farm. Repeat at 3:00 pm!



Quote:
Originally posted by Roberto
This is where I am REALLY happy to work in TJ a couple days a week. I also have changed the stock tank on my truck, and have two (not in the bed) tanks for a total of 95 gallons. I also have an in-bed auxiliary 105 gallon tank, which I don't normally carry. That's going to change. 200 gallons means I don't have to fuel for months. And it's diesel, so I pay less than gasoline. Eat your heart out Tacoma drivers. :lol::lol::lol::lol:

All this and noise and stink, too! :biggrin:

[Edited on 2-24-2012 by Roberto]

Hook - 2-23-2012 at 07:49 PM

Quote:
Originally posted by Cypress
Hook,;D Have rediscovered better fishing grounds and very happy with 'em. Thinking outside the Fox? Just stating the facts.:yes:


Good luck with that cane pole, amigo. Never like farmed catfish.

CortezBlue - 2-23-2012 at 07:49 PM

Since oil is only purchased in US Dollars, the devaluation of the dollar is only going to compound the issue.

Bajaboy - 2-23-2012 at 08:57 PM

Quote:
Originally posted by Cypress
Bajaboy, How 'bout another sip of that cool aid?:biggrin:


Don't believe everything you read in a fortune cookie:

http://www.reuters.com/article/2011/11/22/us-oil-pipeline-ne...
Nebraska governor signs bills to reroute Keystone pipeline
Photo
Tue, Nov 22 2011

By Michael Avok

LINCOLN, Neb (Reuters) - Nebraska governor Dave Heineman signed into law on Tuesday bills to reroute the Keystone XL pipeline away from the ecologically sensitive Sandhills region.

One bill puts into law a compromise agreed with Keystone pipeline builder TransCanada to move the route away from the Sandhills and the Ogallala aquifer. The second bill approves state funding for an environmental study for a new pipeline route not to exceed $2 million.

By law, the governor now has the final say in state government on the new route. The U.S. Secretary of State has the final say nationally.

After working with Nebraska lawmakers last week, TransCanada Corp. agreed to find a new route for its pipeline. Earlier this month, the State Department ordered the company to find a new route for the line in a decision that set back the $7 billion, Canada-to-Texas pipeline by more than a year.

The pipeline would deliver 700,000 barrels a day of crude from Alberta's oil sands to Texas refineries. But environmentalists strongly oppose the project, because of concerns about spills and carbon emissions from production of oil sands crude.

Nebraska lawmakers on Tuesday voted unanimously to move the pipeline and to spend money on the environmental study, sending the bills to Heineman's desk.

He was quick to sign them, bringing to a close a 15-day special legislative session called solely to craft pipeline regulations.

"Our work is done," Heineman said. "I want to say thank you to our citizens and our lawmakers."

At issue was the potential environmental impact a pipeline could have on the Sandhills region and the Ogallala Aquifer, which supplies water to many cities and ranches and supports the agriculture industry with water for irrigation.

Nebraska forged ahead with pipeline legislation even after the State Department's decision to put off giving TransCanada a permit for the Keystone XL line until 2013.

(Writing and reporting by Michael Avok; Editing by Mary Wisniewski and Greg McCune)

Or another one that is obviously more fair and balanced:
http://www.foxnews.com/politics/2012/01/19/nebraska-gov-hein...
Nebraska Gov. Dave Heineman expects to seek Obama decision on Keystone before election

Published January 19, 2012

| FoxNews.com

Print
Email
Share
inShare6

President Obama might be compelled to make a decision on the Keystone pipeline before the election after all.

Though the president just rejected a permit for the controversial project, Nebraska Gov. Dave Heineman told Fox News that he expects to send the Obama administration a new proposed route for the pipeline well before Election Day.

"I fully expect we could get it done certainly in the early September, August time frame," the governor told Fox News on Thursday. "I would send the letter back to the president of the United States saying we approve it and if he were decisive, he could turn around and approve it shortly thereafter, well before the November election."

The White House, in justifying its decision to turn down the permit, blamed Republicans for forcing a decision in a tightened time frame. Congressional Republicans had attached a provision to last year's short-term payroll tax cut extension requiring a presidential decision on Keystone in 60 days, a time frame administration officials warned would not be sufficient.

But all along, administration officials have also invoked the concerns over the pipeline of Nebraska officials, including Heineman, in justifying their handling of the issue.

White House Press Secretary Jay Carney, in reviewing the history of the dispute Wednesday, said "concerns were raised about the environmental impacts on the air and water quality in Nebraska."

Yet while those concerns contributed to the State Department decision late last year to delay the federal review process, top Nebraska officials were not on board with the president's decision Wednesday to reject the permit.

"Right now, I think they're looking for a convenient excuse to get it beyond the election. Let's do what's right for the country. Let's put America back to work," Heineman said.

Nebraska lawmakers had earlier raised concern about the impact the initial pipeline route, which runs from Canada to Texas, would have on an important and vast underground water source in Nebraska. In November, the governor signed a bill that would pay for a new state-run environmental study of a new route that TransCanada agreed to pursue.

But Heineman disputes any suggestion that the federal government needs lots of time to review his state's new study. He said the project already received initial approval from the State Department for the earlier route, before the department backed off upon objections from environmentalists.

As Obama rejected the permit for Keystone saying there wasn't enough time to review at the federal level, Heineman questioned why -- since the state and the company have already agreed to reroute the pipeline through a less sensitive area.

"So again, the State Department had already approved the route that was much more environmentally sensitive, and so in my view, he should have said 'yes' to allow this to move forward. There's so much at stake for this country," he said.

Heineman said his state will have completed the new study by about August, and sees no reason for further delay.

"I would send a letter to the Department of State saying in Nebraska, we approve," he said. "At that stage, all they've got to then say it's in the national interest. And again, I think you could say that today. They've been at this for three years."

Nebraska Republican Sen. Mike Johanns echoed Heineman's concerns in a statement Wednesday. He said Obama's decision was a sign he "lacks faith" in Nebraska's ability to choose a new route.

"By arguing that the Nebraska route could force them to deny the permit, he's implying Nebraska can't get it right. There is no legitimate justification for the delay. To suggest a few dozen miles of the route in Nebraska -- which will be identified by the governor, consistent with the law -- affects the overall public interest for more than 1,600 miles of pipeline is laughable and reeks of political gamesmanship," he said.

But Obama and his team said Republicans forced his hand. Obama said in a statement Wednesday that his call was "not a judgment on the merits of the pipeline, but the arbitrary nature of a deadline that prevented the State Department from gathering the information necessary to approve the project and protect the American people."

Carney said Thursday it is a fallacy to suggest that anything other than the insistence by House Republicans to impose the 60-day deadline is responsible for the decision.

TransCanada has already announced that it will seek a new permit at the federal level.
Republicans in Congress also said they would not throw in the towel on the issue. Some called for Obama to reverse his decision.

Yet the debate is steeped in election-year politics. Obama is caught between two factions of his base on the decision over Keystone, a reality that critics claimed contributed to the decision to delay the project in the first place. Unions are clamoring for the pipeline, saying thousands of jobs are at stake, while environmentalists are vehemently opposed to it.

The environmentalists applauded Obama for his announcement Wednesday.

"President Obama has shown bold leadership in standing up to Big Oil and rejecting the Keystone XL pipeline," Erich Pica, president of Friends of the Earth, said in a statement.

Fox News' Jim Angle contributed to this report.

Read more: http://www.foxnews.com/politics/2012/01/19/nebraska-gov-hein...

CortezBlue - 2-23-2012 at 09:22 PM

Quote:
Originally posted by Bajaboy
Quote:
Originally posted by Cypress
Bajaboy, How 'bout another sip of that cool aid?:biggrin:


Don't believe everything you read in a fortune cookie:

http://www.reuters.com/article/2011/11/22/us-oil-pipeline-ne...
Nebraska governor signs bills to reroute Keystone pipeline
Photo
Tue, Nov 22 2011

By Michael Avok

LINCOLN, Neb (Reuters) - Nebraska governor Dave Heineman signed into law on Tuesday bills to reroute the Keystone XL pipeline away from the ecologically sensitive Sandhills region.

One bill puts into law a compromise agreed with Keystone pipeline builder TransCanada to move the route away from the Sandhills and the Ogallala aquifer. The second bill approves state funding for an environmental study for a new pipeline route not to exceed $2 million.

By law, the governor now has the final say in state government on the new route. The U.S. Secretary of State has the final say nationally.

After working with Nebraska lawmakers last week, TransCanada Corp. agreed to find a new route for its pipeline. Earlier this month, the State Department ordered the company to find a new route for the line in a decision that set back the $7 billion, Canada-to-Texas pipeline by more than a year.

The pipeline would deliver 700,000 barrels a day of crude from Alberta's oil sands to Texas refineries. But environmentalists strongly oppose the project, because of concerns about spills and carbon emissions from production of oil sands crude.

Nebraska lawmakers on Tuesday voted unanimously to move the pipeline and to spend money on the environmental study, sending the bills to Heineman's desk.

He was quick to sign them, bringing to a close a 15-day special legislative session called solely to craft pipeline regulations.

"Our work is done," Heineman said. "I want to say thank you to our citizens and our lawmakers."

At issue was the potential environmental impact a pipeline could have on the Sandhills region and the Ogallala Aquifer, which supplies water to many cities and ranches and supports the agriculture industry with water for irrigation.

Nebraska forged ahead with pipeline legislation even after the State Department's decision to put off giving TransCanada a permit for the Keystone XL line until 2013.

(Writing and reporting by Michael Avok; Editing by Mary Wisniewski and Greg McCune)

Or another one that is obviously more fair and balanced:
http://www.foxnews.com/politics/2012/01/19/nebraska-gov-hein...
Nebraska Gov. Dave Heineman expects to seek Obama decision on Keystone before election

Published January 19, 2012

| FoxNews.com

Print
Email
Share
inShare6

President Obama might be compelled to make a decision on the Keystone pipeline before the election after all.

Though the president just rejected a permit for the controversial project, Nebraska Gov. Dave Heineman told Fox News that he expects to send the Obama administration a new proposed route for the pipeline well before Election Day.

"I fully expect we could get it done certainly in the early September, August time frame," the governor told Fox News on Thursday. "I would send the letter back to the president of the United States saying we approve it and if he were decisive, he could turn around and approve it shortly thereafter, well before the November election."

The White House, in justifying its decision to turn down the permit, blamed Republicans for forcing a decision in a tightened time frame. Congressional Republicans had attached a provision to last year's short-term payroll tax cut extension requiring a presidential decision on Keystone in 60 days, a time frame administration officials warned would not be sufficient.

But all along, administration officials have also invoked the concerns over the pipeline of Nebraska officials, including Heineman, in justifying their handling of the issue.

White House Press Secretary Jay Carney, in reviewing the history of the dispute Wednesday, said "concerns were raised about the environmental impacts on the air and water quality in Nebraska."

Yet while those concerns contributed to the State Department decision late last year to delay the federal review process, top Nebraska officials were not on board with the president's decision Wednesday to reject the permit.

"Right now, I think they're looking for a convenient excuse to get it beyond the election. Let's do what's right for the country. Let's put America back to work," Heineman said.

Nebraska lawmakers had earlier raised concern about the impact the initial pipeline route, which runs from Canada to Texas, would have on an important and vast underground water source in Nebraska. In November, the governor signed a bill that would pay for a new state-run environmental study of a new route that TransCanada agreed to pursue.

But Heineman disputes any suggestion that the federal government needs lots of time to review his state's new study. He said the project already received initial approval from the State Department for the earlier route, before the department backed off upon objections from environmentalists.

As Obama rejected the permit for Keystone saying there wasn't enough time to review at the federal level, Heineman questioned why -- since the state and the company have already agreed to reroute the pipeline through a less sensitive area.

"So again, the State Department had already approved the route that was much more environmentally sensitive, and so in my view, he should have said 'yes' to allow this to move forward. There's so much at stake for this country," he said.

Heineman said his state will have completed the new study by about August, and sees no reason for further delay.

"I would send a letter to the Department of State saying in Nebraska, we approve," he said. "At that stage, all they've got to then say it's in the national interest. And again, I think you could say that today. They've been at this for three years."

Nebraska Republican Sen. Mike Johanns echoed Heineman's concerns in a statement Wednesday. He said Obama's decision was a sign he "lacks faith" in Nebraska's ability to choose a new route.

"By arguing that the Nebraska route could force them to deny the permit, he's implying Nebraska can't get it right. There is no legitimate justification for the delay. To suggest a few dozen miles of the route in Nebraska -- which will be identified by the governor, consistent with the law -- affects the overall public interest for more than 1,600 miles of pipeline is laughable and reeks of political gamesmanship," he said.

But Obama and his team said Republicans forced his hand. Obama said in a statement Wednesday that his call was "not a judgment on the merits of the pipeline, but the arbitrary nature of a deadline that prevented the State Department from gathering the information necessary to approve the project and protect the American people."

Carney said Thursday it is a fallacy to suggest that anything other than the insistence by House Republicans to impose the 60-day deadline is responsible for the decision.

TransCanada has already announced that it will seek a new permit at the federal level.
Republicans in Congress also said they would not throw in the towel on the issue. Some called for Obama to reverse his decision.

Yet the debate is steeped in election-year politics. Obama is caught between two factions of his base on the decision over Keystone, a reality that critics claimed contributed to the decision to delay the project in the first place. Unions are clamoring for the pipeline, saying thousands of jobs are at stake, while environmentalists are vehemently opposed to it.

The environmentalists applauded Obama for his announcement Wednesday.

"President Obama has shown bold leadership in standing up to Big Oil and rejecting the Keystone XL pipeline," Erich Pica, president of Friends of the Earth, said in a statement.

Fox News' Jim Angle contributed to this report.

Read more: http://www.foxnews.com/politics/2012/01/19/nebraska-gov-hein...


Does this come in an audio book format???

Roberto - 2-23-2012 at 11:42 PM

Quote:
Originally posted by mtgoat666
Quote:
Originally posted by Roberto
This is where I am REALLY happy to work in TJ a couple days a week. I also have changed the stock tank on my truck, and have two (not in the bed) tanks for a total of 95 gallons. I also have an in-bed auxiliary 105 gallon tank, which I don't normally carry. That's going to change. 200 gallons means I don't have to fuel for months.


200 gallons? who wants to drive around town carrying 1,600 pounds of fuel? i would rather pay a bit more for fuel than drive around with 4 drums of fuel in my car :lol::lol:


No drums involved. Read again. As far as the weight no biggie in the right vehicle. Ever seen truck bed toolboxes? A lot f them have tanks in the bottom, like mine. 105 gallons worth.

[Edited on 2-24-2012 by Roberto]

Roberto - 2-23-2012 at 11:51 PM

Quote:
Originally posted by Hook
Roberto, WHERE do you pay less for diesel than gas? Certainly not in the US or where I live in Mexico.

Once upon a time, yes, but not where I live, unless you are talking the ethyl pumps in Mexico.

Ethyl may be an antiquated term for higher octane gas, admittedly..........

[Edited on 2-24-2012 by Hook]


Certainly not in the u.s., not for a long time. In mexico, it's been a while since I actually checked, I must admit, but up until fairly recently there was a subsidy on diesel. I'll have to check again next week.

DavidE - 2-24-2012 at 08:55 AM

The United States does not need to import a single molecule of crude oil. Production from Alaska, California, the plains ans Texas is plenty. Look at the oil production figures.

Refiners play a SHELL GAME. They sell ALL the domestic oil then import what we need. Therefore we have as big reliance on foreign crude. Talk to some of the folks in Texas "They've got us P-nched way back".

And there ain't a damned thing I can do about it except bend over and grin.

Bajatripper - 2-24-2012 at 09:35 AM

You can blame the politics all you want, but the basic fact is that it's a FINITE resource--as in, when it's gone, it's gone. Some of you should travel overseas a bit more, see what the rest of the world is paying for gasoline.

What I'd like to know is when will our government get behind RENEWABLE energy resources--and I don't mean that nasty, filthy nuclear energy, which is ANYTHING but renewable. If you need a reminder of what I'm talking about, do a google search on ***ushima, a nuclear disaster still without a solution and we're going on a year now.

cessna821 - 2-24-2012 at 10:38 AM

A somewhat simplistic scenario here, but this is the truth about why gas prices will go much higher.

1. 2008 - sub prime real estate implodes and the banks catch a severe cold.

2. The banks can not be allowed to fail, (Bear Stearns and Lehman scared everyone silly!) so they were saved by using taxpayers money to bail them out.

3. The banks then realised that they could no longer insure their loans in USA so went headlong and lent funds into European and other banks.

4. Being clever, they realised that their European debt insurances (collateral debt obligation - CDO's) could actually be insured more than once - in many cases 10 times, and one whistleblower has shown proof that a loan was insured over 100 times! Nice lot of commissions there.

5. Greece gets into trouble for borrowing more than they can ever repay and their government securities which were to pay such handsome dividends now are near worthless.

6. The banks in USA and Europe wanted to claim on these CDO's until everyone involved realises that there is not enough money IN THE WORLD to pay all of the claims, so the banks have, by government decree, to forego their insurance claims and take a 'Haircut'. They will be lucky to get 10 cents on the dollar!

Governments around the world are now printing money like crazy to make up the shortfall!

Which is why commodities of every kind are steadily on their way into orbit - oil is just one of them.

Be afraid, but organise your life accordingly - don't borrow from a bank, they are getting taxpayer funds at zero percent and charging you obscene rates of interest, and it will get worse.

Try to stay clear of debt for the next ten years.

Cypress - 2-24-2012 at 10:42 AM

We'll all be walking and burning candles before those "renewable" energy resources are economically feasible.:tumble: They govt. has already dumped a ton of $$$ into some of those "renewable" energy companies and both the companies and the govt. are going bankrupt.:(

soulpatch - 2-24-2012 at 11:04 AM

Quote:
Originally posted by Cypress
We'll all be walking and burning candles before those "renewable" energy resources are economically feasible.:tumble: They govt. has already dumped a ton of $$$ into some of those "renewable" energy companies and both the companies and the govt. are going bankrupt.:(


Wow, this has wandered off topic.
Nobody ever seems to mention the billions we spend subsidizing oil when they mention the monies spent on renewable energy sources.

Prove your point with some stats

MitchMan - 2-24-2012 at 11:45 AM

Quote:
Originally posted by Cypress
No drilling+No pipeline = $6/gal gasoline. Thanks Obama and cronies.

Since the price of oil is a product of an international commodities market, since the USA exports all its crude, and since the pipeline is to provide crude to Texas refineries expressly for its export from the USA, and since such Canadian crude goes itself into the global inventory which is sold through the international commodities market, Cypress, please take these factors into account and quantitatively prove your implied claim that Obama will singularly be to blame for eventual $6/gal gasoline.

Quote:
Originally posted by Cypress
We'll all be walking and burning candles before those "renewable" energy resources are economically feasible.:tumble: They govt. has already dumped a ton of $$$ into some of those "renewable" energy companies and both the companies and the govt. are going bankrupt.:(

Cypress, are you against pursuing 'renewable' energy resources? Also, prove your implied assertion that such a pursuit is, in fact, not feasible at this time or for the near future.

You know, making 'hit and run' accusations without any substance to back them up doesn't help anyone, nor does it provide any credibility to your stark statements, but sharing your knowledge of your adequate and sufficient proof that lead you to your conclusions would.

Cypress - 2-24-2012 at 12:35 PM

MitchMan, Proof of my conclusions? Prove Obama is to blame? Can you provide proof that I'm wrong? No substance to my accusations? Reality! Next time you fill your vehicle up, give this a thought. Why am I defending an administration that has done everything possible to limit the USA's ability to produce it's own oil? The last I heard Obama was promoting algae as the answer to our energy needs. Good grief.:o

Bajaboy - 2-24-2012 at 12:51 PM

Quote:
Originally posted by Cypress
MitchMan, Proof of my conclusions? Prove Obama is to blame? Can you provide proof that I'm wrong? No substance to my accusations? Reality! Next time you fill your vehicle up, give this a thought. Why am I defending an administration that has done everything possible to limit the USA's ability to produce it's own oil? The last I heard Obama was promoting algae as the answer to our energy needs. Good grief.:o


Change the channel and you might learn something:?:

cessna821 - 2-24-2012 at 12:53 PM

My post above was to give the situation as I read about it.

This is not entirely about oil, but that's the commodity that hurst first.

The mainstream media are keeping quiet about this to some extent, I think so that they won't be accused of scaremongering, so you have to get the info from somewhere else such as:

http://www.zerohedge.com/news/oil-wont-stop-until-economy-br...

SFandH - 2-24-2012 at 12:59 PM

Yikes! A FOX fan and now a gold trader. More doomsayers please, this is fun. And Mitchman, asking for facts to support statements, come on, you'll spoil the fun.

Where are the Illuminati foes? ;)


[Edited on 2-24-2012 by SFandH]

MitchMan - 2-24-2012 at 01:52 PM

Cypress, you are the one making the claims, don't you think you aught to at least back up your assertions with some proof, or are we supposed to take everything you say on faith because you say so?.

Where in my post did I defend Obama? Come on, quote me.

Didn't say that there was no substance to your accusations, I said that you simply haven't provided any substance to back up your accusations.

By the way, Cypress, did you know that the US produced more oil 2010 than any in any year since 2003 and that all forms of energy production have increased? Cypress, did you know that more gasoline in the USA has been produced in each of the last 3 years of the Obama administration than at any year since 1936? Cypress, did you know that millions of new acres in the US have been opened for oil and gas exploration during this administration? Cypress, my little economics and energy omniscient Nomad friend, did you know that mining radioactive ore for nuclear plants has risen each of the last 3 years, and that no other president has seen more energy produced from renewables (hydorelectric, wind, solar, and biofuels)? Cypress, did you know that there has been a reduction in foreign oil dependence in recent years? Hmmmmm? Did you know that Obama has extended leases impacted by the post-spill moratorium and called for annual lease sales in the National Petroleum Reserve in Alaska and looks to offer up much of the Western and Central Gulf and some waters off the Alaskan coast to oil and gas companies? You can check with the Energy Information Administration and other nonpartisan authoritative sources for verification of the above if you don't believe me.

Now, see, Cypress, that's the way to support and provide substance for assertions. I am not asking you to do something that I am unwilling to do. BTW, above is just some of the proof that you are wrong ... as usual. Now, be a responsible person, be a stand up guy, do something to defend your credibility and prove or at least support your accusations.

The ball is in your court, Cypress.

Now, the next time you fill your vehicle up, give this a thought. Do I (Cypress) know what the hel I'm talking about? Do I have the courage and the knowledge and the facts to back up my accusations or am I just talking out of my .....?

[Edited on 2-24-2012 by MitchMan]

SFandH - 2-24-2012 at 02:04 PM

And for the recent spike in energy prices look to the incipient war/armed hostilities with a major producer who is capable of disrupting world wide distribution, and will, Iran, and the frenzied oil futures traders betting upon that eventuality.

Oh yeah, just last week the NRC issued licenses to build new nuclear power plants in Georgia, the first since TMI.

http://www.reuters.com/article/2012/02/09/us-usa-nuclear-nrc...



[Edited on 2-24-2012 by SFandH]

Cypress - 2-24-2012 at 02:26 PM

MitchMan, Yea, I see. And you'll see also, but then maybe you won't. Know you've heard this before "You're entitled to your own opinion, but you're not entitled to your own facts." The facts are out there, I'm not gonna waste my time providing the research info for you to debunk. Obama's desperate, too little too late. He's a one termer and he's gonna take a lot of Dem. cronies down with him. Wishing you a happy landing.:biggrin:

MitchMan - 2-24-2012 at 02:49 PM

There you go again. You guys never, I mean, never back up what you say. You consider providing back up as a "waste of time"? Come on, you have posted 6,407 posts, you've proven that you have plenty of time on your hands.

Posting 6,407 with only accusations and no proof, no supporting facts, just assertions and opinions is not a waste of time? Wasting time is making 'drive by' accusations and then asking everyone to take your word for it. Wasting time is doing that 6,407 times.

Quote:
"You're entitled to your own opinion, but you're not entitled to your own facts."
Cypress, you're not making sense again. Facts don't belong to anyone. Facts are items of reality and, as such, are not subject to being someone's creation or subject to ownership, let alone by one person. Everybody has the right to the facts.

Now, opinions can be owned, but with opinions comes some intellectual responsibility. How can you expect to have any integrity and credibility if you refuse to support your contentions, your accusations?

If you want to stop wasting your time and everyone else's, try making a coherent point, standing your ground with fact instead of more accusation like you did in your last post hereto.

BTW, Obama doesn't look desperate but Romney, Gingrich, Santorum, and Paul sure do.

[Edited on 2-24-2012 by MitchMan]

gnukid - 2-24-2012 at 03:19 PM

Consider trying to answer these questions, the answers may surprise you.


Is Oil biotic or abiotic?

Is oil a fossil fuel or not?

Where does oil come from? what is it made of?

Where is oil found? to what depths? In what type of locations?

Are oil reserves increasing or decreasing?

Do capped wells refill and begin to produce oil again?

Is oil being produced by the earth or is it non-replenishable?

SFandH - 2-24-2012 at 03:33 PM

Fill up your RV tanks now and get ready for more pain at the pump.

"Iran has expanded sensitive nuclear work: U.N. agency"

"U.S. crude futures extended a rally on the IAEA's findings, which added to concerns that Iran's tensions with the West would escalate. It gained more than $2 to hit the highest intraday price in nine months."


http://www.reuters.com/article/2012/02/24/us-nuclear-iran-ia...

wessongroup - 2-24-2012 at 03:46 PM

SFandH ... glad someone else saw that ...:):)

Maybe we can use the spent fuel for _____________ and do't even think they® found to many State who wants "it" ... at this time....

"For low-level waste, three commercial land disposal facilities are available, but they accept waste only from certain states or accept only limited types of low-level wastes. The remainder of the low-level waste is stored primarily at the site where it was produced, such as at hospitals, research facilities, clinics and nuclear power plants."

http://www.nrc.gov/reading-rm/doc-collections/nuregs/brochur...

gnukid - 2-24-2012 at 04:00 PM

Be wary of reports of threats from Iran. Do you recall any recent cases where elevated reports of a threat from a middle eastern country turned out to be false?

It may be necessary to read the IAEA report yourself to understand the report as opposed to a summary?

Consider what type of nuclear work is occurring, the type of uranium enrichment and who deserves the right to create nuclear energy, anyone, no-one? USA, Israel, how many weapons, how many bombs?

SFandH - 2-24-2012 at 04:11 PM

Quote:
Originally posted by gnukid
Be wary of reports of threats from Iran. Do you recall any recent cases where elevated reports of a threat from a middle eastern country turned out to be false?

It may be necessary to read the IAEA report yourself to understand the report as opposed to a summary?

Consider what type of nuclear work is occurring, the type of uranium enrichment and who deserves the right to create nuclear energy, anyone, no-one? USA, Israel, how many weapons, how many bombs?


You're right, I'm worried that the IAEA is a reincarnation of the truth troubled troika of the recent past, just itching for another profitable war.

Type of enrichment? Any type that leads to 90% HEU is worrisome. According to what I've read they're up to 20% now as evidenced by the recent refueling of their research reactor. Also read they've been caught with traces of 90% HEU on the equipment they purchased for enrichment, which indicates the capability of the equipment.

I think they are on their way to seeking admission to the nuclear club, probably thanks to Pakistan, the keepers of the "Islamic nukes" as they call their beloved bombs. Read about A. Q. Khan, a Pakistani.

Do we let them in or have another freakin' war?

Got a link to the report?

Anyway, regardless of the veracity of the ayatollah nuke news, it's making for expensive fill-ups, which is what this thread is about.

[Edited on 2-24-2012 by SFandH]

gnukid - 2-24-2012 at 05:23 PM

The nuke story is a distraction from a basic discussion about oil, it's sources and the economics.

As you've noted, Israel, Pakistan and the USA have thousands thousands of nuke and poor record of managing them, while Iran is a sovereign state who may have enriched uranium to 20% which is not significant to make weapons so they are not a threat.

I almost every case related to this subject, the threat was created by the USA and then pointed to as a threat, which is the problem-reaction-solution method constantly to gain power, profit and control.

People need to use common sense, remove the fear mindset, hypocracy and non-sense and think clearly about what is oil, where does it come from, is abiotic, is it a fossil fuel or not, does it come from magma at the earth's core or from organic material that died at the surface.

Begin to look at the economics, how many reserves? Who profits from Oil? Who is promotong the threat in the middle east? Has the threat panned out as noted with WMD's in Iraq? Libya, Syria?

gnukid - 2-24-2012 at 05:43 PM

Oil: is it abiotic, not a fossil fuel

http://www.huffingtonpost.com/raymond-j-learsy/why-does-abio...

http://viewzone.com/abioticoilx.html

http://open.salon.com/blog/veteranschmeteran/2010/05/10/gulf...

http://www.usnews.com/opinion/blogs/on-energy/2011/09/14/abi...

http://www.youtube.com/watch?v=vdSjyvIHVLw

http://www.youtube.com/watch?v=LHD4U2q_p4c

[Edited on 2-25-2012 by gnukid]

[Edited on 2-25-2012 by gnukid]

Cypress - 2-24-2012 at 06:14 PM

gnukid, Interesting.:)

David K - 2-24-2012 at 06:18 PM

Yah and we keep discovering more... like under North Dakota... DRILL BABY DRILL! Gives us plenty of time until we can master cold fusion or dilithium crystals for endless 'clean' energy to power our needs!:yes:

coloradoboardheads - 2-24-2012 at 06:34 PM

David K wrote
Quote:

Yah and we keep discovering more... like under North Dakota... DRILL BABY DRILL! Gives us plenty of time until we can master cold fusion or dilithium crystals for endless 'clean' energy to power our needs!


So you think the oil companies that extract the N.Dak oil will sell us oil at $75. per barrel if the Euros will pay $100? Or are you suggesting nationalizing the oil industry?

coloradoboardheads - 2-24-2012 at 06:54 PM

David K

I didn't think the government made a profit on anything! Roads do come in handy.

You are wrong on the pipeline. The purpose is to transport Canadian oil to refineries that specialize in production of diesel which is going to be sold in Europe.

Currently, the bottlenecked transport of oil from Canada and North Dakota is providing a surplus of oil in the midwest which is actually driving prices down there.

The Canadian oil companies want to make a better profit by being able to more readily sell their product worldwide.

Again, I am not opposed to the pipeline or Canadia oil profits. I own Vallero stocks.

But, don't believe this pipeline or N. Dak. oil will have a drastic impact on domestic energy prices.

generubin - 2-24-2012 at 07:27 PM

The pipeline to Texas would have raised USA gasoline prices. It would have rerouted oil that is now piped to Illinois for USA consumption to the Texas refineries that sell it to Europe. That pipeline was all about exporting oil, nothing more, nothing less.

David K - 2-24-2012 at 07:29 PM

Quote:
Originally posted by coloradoboardheads
David K

I didn't think the government made a profit on anything! Roads do come in handy.

You are wrong on the pipeline. The purpose is to transport Canadian oil to refineries that specialize in production of diesel which is going to be sold in Europe.

Currently, the bottlenecked transport of oil from Canada and North Dakota is providing a surplus of oil in the midwest which is actually driving prices down there.

The Canadian oil companies want to make a better profit by being able to more readily sell their product worldwide.

Again, I am not opposed to the pipeline or Canadia oil profits. I own Vallero stocks.

But, don't believe this pipeline or N. Dak. oil will have a drastic impact on domestic energy prices.


Profit is money earned on the sale above the cost of production... The 'rich, big oil' companies make about a dime a gallon in profit and the government takes about 3 times that (that the consumer, ie. 'us' pays)... plus it taxes the income of these corporations (which again is always paid by the consumer)!

Roads? Roads were better when gas was closer to 50 cents a gallon (1975)!

I have no problem with an America first program in the case of our natural resources... If we contract with the oil companies that they get the pipeline as long as domestic gasoline and diesel needs were to come ahead of foreign needs.

djh - 2-24-2012 at 08:02 PM

Quote:
Originally posted by mtgoat666
Quote:
Originally posted by Roberto
This is where I am REALLY happy to work in TJ a couple days a week. I also have changed the stock tank on my truck, and have two (not in the bed) tanks for a total of 95 gallons. I also have an in-bed auxiliary 105 gallon tank, which I don't normally carry. That's going to change. 200 gallons means I don't have to fuel for months.


200 gallons? who wants to drive around town carrying 1,600 pounds of fuel? i would rather pay a bit more for fuel than drive around with 4 drums of fuel in my car :lol::lol:


Some places.... That's called a car bomb, eh? :o. ;)

MitchMan - 2-24-2012 at 08:22 PM

David K, I need a little help here. You say that the "government makes over 30 cents a gallon profit... (about 3 times more than the oil companies)...". The government makes a profit? The oil companies make only 10 cents per gallon of profit? Please explain. Maybe you can point me to some references (?)

Not disputing what you write, just would like to learn some info here and make sure that I truly understand what you are actually saying.

let's increase the fuel taxes!

mtgoat666 - 2-24-2012 at 08:29 PM

Quote:
Originally posted by David K
What I think is that the U.S. Government should stop making a greater profit off the sale of gasoline than the oil companies who do the work to get it to us!

If the government really wanted to lower the price, it could... Government makes over 30 cents a gallon profit (about 3 times more than the oil companies)


DK: fuel tax is not a government profit. the US govt does not generate a profit. in case you have not heard, government is non-profit, and currently spending more than revenue (so in "DK-speak," govt is operating in the red, experiencing a loss)

motor fuel taxes are great way to fund roads and highways. the biggest users of fuel are people driving heavy vehicles or long distances. perfect cost allocation method. biggest fuel consumers pay most taxes. your tax payments are proportional to your driving as measured by fuel consumption. it is perhaps a perfect tax! what else could you ask for? fuel tax is not a profit, capiche?

i also support using fuel tax to change peoples fuel consumption habits. i would support an increase in fuel tax jusst to encourage conservation. i think conservation is good for the USA in the long term. no one thinks conservation is bad. but the sad reality is that people act in selfish ways, so conservation will not occur via the carrot but will occur via the stick. oftentimes tax policy is used to implement social policy that is good for the USA, so let's increase the motor fuel taxes! :bounce::bounce:

p.s. the oli companies make plenty of profit, have not seen them show a loss for quite a while -- heck, even my BP stock only took a short hiatus in paying dividends!

[Edited on 2-25-2012 by mtgoat666]

mtgoat666 - 2-24-2012 at 08:32 PM

this was in todays paper...

Quote:

The USA is at a critical juncture in how it pays for roads, bridges and transit. That's because the federal tax on gasoline, the primary method since 1956, has lost one-third of its buying power since it was last raised in 1993. States add their own tax on top of that, but the federal tax accounts for about 45%-50% of capital spending for transportation.
The federal gas tax — 18.4 cents a gallon for gasoline, 24.4 cents for diesel — is growing anemic because of more fuel-efficient vehicles, Americans driving fewer miles and the growth of electric and alternative-fuel vehicles. The tax rate on gasohol and most other special fuels is much less.
"It no longer works as our primary source," says Jim Burnley, a Washington, D.C., transportation attorney who was Transportation secretary for President Reagan. "We're going to have to figure out, as a country, other mechanisms."

coloradoboardheads - 2-24-2012 at 08:33 PM

Federal Excise tax on a gallon of gas is 18 cents. Same as 1992. And yet, bridges cost over twice what they did then. Sounds like Obama has done a great job keeping taxes on fuel down! (Hey, if you're gonna blame him for everything..)

David K - 2-24-2012 at 08:38 PM

Oh yah, I was wrong! Sorry... just checked and the government gets over 60 cents a gallon here in Calif., not 30 as I mentioned !!

From Wikipedia, the free encyclopedia

Jump to: navigation, search

The United States federal excise tax on gasoline, as of February 2011, is 18.4˘/gal and 24.4˘/gal for diesel fuel.

In January 2011, motor gasoline taxes averaged 48.1˘/gal and diesel fuel taxes averaged 53.1˘/gal,

[1] which accounted for 14% of the price of gasoline and 15% of the price of diesel.[2]

California 64.5 cents per gallon (incl. fed. tax)

^ a b Motor Fuel Taxes, American Petroleum Institute, 9 July 2009

A Century of War

djh - 2-24-2012 at 08:40 PM

Authored by Engdahl, an ex military leader and scholar.

I'd like to suggest my fellow Nomads . . Find it. Buy it. Read it.

The well researched and presented history of trade, banking, and oil ( and how they have shaped our world and our politics ). . . And the resulting wars fought over them.

I think you will learn many new things that will impact your views.

Not necessarily a better view, mind you, but perhaps more insightful and accurate....

Small book.... But I had to read it slowly to really consider and digest it.

Everything IS NOT what it may seem.....

mtgoat666 - 2-24-2012 at 08:41 PM

Quote:
Originally posted by David K
Oh yah, I was wrong! Sorry... just checked and the government gets over 60 cents a gallon here in Calif., not 30 as I mentioned !!

From Wikipedia, the free encyclopedia

Jump to: navigation, search

The United States federal excise tax on gasoline, as of February 2011, is 18.4˘/gal and 24.4˘/gal for diesel fuel.

In January 2011, motor gasoline taxes averaged 48.1˘/gal and diesel fuel taxes averaged 53.1˘/gal,

[1] which accounted for 14% of the price of gasoline and 15% of the price of diesel.[2]

California 64.5 cents per gallon (incl. fed. tax)

^ a b Motor Fuel Taxes, American Petroleum Institute, 9 July 2009


DK:
next time you drive south to mexico, as you drive down I-5, ask yourself how much does it ccost to build and maintain I-5, and which taxes should pay for I-5. :light::light::light::light:

Ateo - 2-24-2012 at 08:44 PM

I shall weigh in....as I work in the industry. Time to eat dinner......I would just say take the repub democrat thing out of the equation. Ths is such a tired story.....been happening forever. This ain't an Obama thing.....

joerover - 2-24-2012 at 08:49 PM

why not build a refinery in the North instead of a pipe line to the South?

Ateo - 2-24-2012 at 08:51 PM

And after saying "I work I the industry" I realized just because I work in the industry doesn't give me any real credibility. Figure the truth out for yourself.

Global economy.

Speculation equals some dudes making money. We pay the price. Has nothing to do with who's in the white house.

Gas station owners are getting hosed.

We have no power as consumers.

The future will be something other than oil, but I don't know what/when that is yet.....hopefully it'll be an American invention and that'll lead us to an even greater prosperity.

Just my opinion.

[Edited on 2-25-2012 by ateo]

An intro on pricing

djh - 2-24-2012 at 09:02 PM

http://www.engdahl.oilgeopolitics.net/Financial_Tsunami/Oil_...

A bit more on pricing....? This is a small appetizer... Go to the link for more of this particular review if you wish.....

PERHAPS 60% OF TODAY'S OIL
PRICE IS PURE SPECULATION

Engdahl, 2 May 2008

The price of crude oil today is not made according to any traditional relation of supply to demand. It’s controlled by an elaborate financial market system as well as by the four major Anglo-American oil companies. As much as 60% of today’s crude oil price is pure speculation driven by large trader banks and hedge funds. It has nothing to do with the convenient myths of Peak Oil. It has to do with control of oil and its price. How?

First, the role of the international oil exchanges in London and New York is crucial to the game. Nymex in New York and the ICE Futures in London today control global benchmark oil prices which in turn set most of the freely traded oil cargo. They do so via oil futures contracts on two grades of crude oil―West Texas Intermediate and North Sea Brent.

A third rather new oil exchange, the Dubai Mercantile Exchange (DME), trading Dubai crude, is more or less a daughter of Nymex, with Nymex President, James Newsome, sitting on the board of DME and most key personnel British or American citizens.

Brent is used in spot and long-term contracts to value as much of crude oil produced in global oil markets each day. The Brent price is published by a private oil industry publication, Platt’s. Major oil producers including Russia and Nigeria use Brent as a benchmark for pricing the crude they produce. Brent is a key crude blend for the European market and, to some extent, for Asia.

WTI has historically been more of a US crude oil basket. Not only is it used as the basis for US-traded oil futures, but it's also a key benchmark for US production.


’The tail that wags the dog’

All this is well and official. But how today’s oil prices are really determined is done by a process so opaque only a handful of major oil trading banks such as Goldman Sachs or Morgan Stanley have any idea who is buying and who selling oil futures or derivative contracts that set physical oil prices in this strange new world of “paper oil.” . . . .

Texthttp://www.engdahl.oilgeopolitics.net/Financial_Tsunami/Oil_Speculation/oil_speculation.HTM

David K - 2-24-2012 at 09:17 PM

I was wrong again! LOL Oil companies don't make 10 cents a gallon... they make 7 cents!




See how much the government takes from you for every gallon vs. what the people who actually make the stuff get?

You want gas prices lowered? Blame BIG government, not BIG oil!!

The above graph from: http://mjperry.blogspot.com/2011/04/gasoline-taxes-per-gallo...

[Edited on 2-25-2012 by David K]

David K - 2-24-2012 at 09:26 PM



Per Gallon... the profit vs. the sales price per gallon.
Profit for 2011 was less than 8 cents per gallon.

The above graph from http://www.forbes.com/sites/sageworks/2011/10/21/991/

Bajaboy - 2-24-2012 at 10:16 PM

Quote:
Originally posted by David K


Per Gallon... the profit vs. the sales price per gallon.
Profit for 2011 was less than 8 cents per gallon.

The above graph from http://www.forbes.com/sites/sageworks/2011/10/21/991/


Did you even read the article:?: This graph is for privately held natural gas and oil exploration producers. Last time I checked Exxon Mobil was publicly traded.

[Edited on 2-25-2012 by Bajaboy]

soulpatch - 2-24-2012 at 10:28 PM

I don't believe the following takes into account the cost of bodies left strewn about the middle east protecting our oil supplies.

Quote:
Originally posted by David K
I was wrong again! LOL Oil companies don't make 10 cents a gallon... they make 7 cents!




See how much the government takes from you for every gallon vs. what the people who actually make the stuff get?

You want gas prices lowered? Blame BIG government, not BIG oil!!

The above graph from: http://mjperry.blogspot.com/2011/04/gasoline-taxes-per-gallo...

[Edited on 2-25-2012 by David K]

wessongroup - 2-24-2012 at 10:36 PM

Spot on ..

bigzaggin - 2-24-2012 at 11:43 PM

If that darn guy had never signed that one thing, those jerks would never have been able to fatten their pockets with that one thingy that put people out of work and led to that bill that made gas so expensive.

I could go for Tecate. :biggrin:

May I make you all feel better?

mcfez - 2-25-2012 at 07:58 AM

:o:o:o:o

Americans often fret about the price of gasoline, which has surged dramatically in recent days, fueled by turmoil in oil-producing nations in the Middle East and North Africa.

But the price of gas in America lags far behind its European counterparts. While Americans tear their hair out at the pump, Europeans watch them enviously from across the Atlantic.

Most Europeans pay at least double what Americans do. Some of them, including the Greeks and the Scandinavians, shell out even more.

In the U.S., the nationwide average for the price of gas was $3.53 per gallon on Thursday, according to AAA. The price has risen for 16 consecutive days, jumping 34 cents.

But that's still less than half the $9.28 per gallon paid in Oslo, according to Din Side, a Norwegian search and news site that monitors gas prices, among other things.

Who's paying what: Most Europeans, including the British, the Irish, the Germans, the Italians and the French, pay somewhere between $7.50 and $8 per gallon, according to the International Energy Administration.

Danes paid $8.20 per gallon at the end of February, according to the IEA. Greeks -- no strangers to economic hard times -- were paying $8.45.

Many people may assume that Europeans pay a lot for gas because they don't have their own source of fossil fuels. In fact, they do.

Norway is awash in oil because of its thriving oil industry in the North Atlantic. The United Kingdom also has access to the oil fields in the same region.

Italy has deep corporate ties with Libya. Its oil production company, Eni, is the largest producer in Libya. But even in the best of times, without civil war in Libya, gas in Italy is expensive when compared to the U.S. Italians on average paid $7.77 a gallon at the end of February, according to the most recent data from the IEA.

"The difference between countries comes down to taxes and subsidies," said Tom Kloza, the chief oil analyst for Oil Price Information Service. "Prices are incredibly high in Europe because of the stiff taxes that EU countries put on fuel. The same holds true for many other countries."

The Japanese also pay more -- $6.30 at the end of February -- and so do the Canadians, at $4.49 per gallon, according to the IEA.

GAS

captkw - 2-25-2012 at 08:10 AM

THIS is the sh-t hitten the fan !!!!:cool:K&T:cool:

[Edited on 2-25-2012 by captkw]

dtutko1 - 2-25-2012 at 08:13 AM

Quote:
Originally posted by MitchMan
There you go again. You guys never, I mean, never back up what you say. You consider providing back up as a "waste of time"? Come on, you have posted 6,407 posts, you've proven that you have plenty of time on your hands.

Posting 6,407 with only accusations and no proof, no supporting facts, just assertions and opinions is not a waste of time? Wasting time is making 'drive by' accusations and then asking everyone to take your word for it. Wasting time is doing that 6,407 times.

Quote:
"You're entitled to your own opinion, but you're not entitled to your own facts."
Cypress, you're not making sense again. Facts don't belong to anyone. Facts are items of reality and, as such, are not subject to being someone's creation or subject to ownership, let alone by one person. Everybody has the right to the facts.

Now, opinions can be owned, but with opinions comes some intellectual responsibility. How can you expect to have any integrity and credibility if you refuse to support your contentions, your accusations?

If you want to stop wasting your time and everyone else's, try making a coherent point, standing your ground with fact instead of more accusation like you did in your last post hereto.

BTW, Obama doesn't look desperate but Romney, Gingrich, Santorum, and Paul sure do.

[Edited on 2-24-2012 by MitchMan]



Right on MitchMan! But these wingnut Fox network conspiratorial idiots will never listen to logic or look up the facts.

Cypress - 2-25-2012 at 09:17 AM

Name calling really advances your argument.;D As they say, " You just can't fix stupid." Why does Fox news have the highest ratings? They deal with facts, not propaganda.:D:biggrin:

soulpatch - 2-25-2012 at 09:19 AM

As an aside...
Senor McFez, I thought yesterday was to be your last post on BN.

Anyway.... $60 at the pump yesterday.... yeah!

The Gull - 2-25-2012 at 09:35 AM

Quote:
Originally posted by greengoes

Bajatripper - 2-25-2012 at 09:47 AM

Quote:
Originally posted by Cypress
Why does Fox news have the highest ratings? They deal with facts, not propaganda.


:lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol:
On what planet do you live?

Bajatripper - 2-25-2012 at 10:04 AM

This article says that right now the US is exporting energy since we can't consume all we produce. It also mentions that speculators are responsible for much of the price hike. Now that type of "profit" is OK by some, but don't you dare let the government get their hands on any of it, that would be a crime. I just don't get that kind of thinking.

http://www.truth-out.org/once-again-speculators-behind-sharp...

captkw - 2-25-2012 at 10:05 AM

:lol: fox news,,give us a break !!:lol::lol:

Bajatripper - 2-25-2012 at 10:11 AM

Since the tar sands oil extraction has been mentioned, here's an interesting read on the subject. The article outlines how the Canadian company behind the proposal has lied about the project and some of the true environmental costs that are likely to be paid if/when this project--meant to export fuels from the US--is built. Yeah, that Fox News really keeps us up on the situation.


http://www.politicususa.com/en/john-boehner-resign

greengoes - 2-25-2012 at 10:12 AM

The rapidly rising costs of gas in Estados Unidos brought back a memory of what one of my supervisors once said about it eight or ten years ago.

"I hope it goes to ten dollars a gallon."

Didn't make a lot of sense to me at the time but in retrospect I assume he had invested in an ETF fund specializing in oil.

gas

captkw - 2-25-2012 at 10:17 AM

not good for boat's and RV's,,car's not TOO much !!K&T:cool: