I don't know about this, heard some Texans saying this will be bad for the economy, oil needs to stay around $80+/brl. I think it means it may be bad for their profit margin.
Cost of gas
- Thread starter ROYALOAK62
- Start date
Phil,
Why are you calling Mike a Cutie? "QT"
And he shouldnt be P155ed off about it
Steve
Premium petrol here is $2.25NZD per Liter
Diesel is $1.49 NZD per Liter
They put our prices down just before they go up again
Also they will blame the exchange rate so a barrel of oil could be $10 USD but if the NZD fell by one cent against the USD they would say the excange rate forced the price to stay the same
Bunch of A..Holes
Steve
Diesel is $1.49 NZD per Liter
They put our prices down just before they go up again
Also they will blame the exchange rate so a barrel of oil could be $10 USD but if the NZD fell by one cent against the USD they would say the excange rate forced the price to stay the same
Bunch of A..Holes
Steve
99 cents for regular here, 1.15 for diesel. Our diesel is quite often lower than our gas. It was 1.40 for regular and about the same for diesel 2 months or so ago.
All our oil rich people are whining a lot too, sympathy for them is in the dictionary, between sh1t and syphillis.
Don
All our oil rich people are whining a lot too, sympathy for them is in the dictionary, between sh1t and syphillis.
Don
Phil,
Why are you calling Mike a Cutie? "QT"
And he shouldnt be P155ed off about it
Steve
But remember that is per litre, still over $4.00 per gallon.
When there's no profit they stop drilling. Jobs are lost and all the associated economic activity that goes with it. Everything moves with oil. It costs money to bring it out the ground and get it to market. When drilling stops the supply decreases and prices will go back up.
Hate to pay so much for it but would rather pay what it costs plus a reasonable profit than not have it.
Government wants to keep the price up by increasing the tax.....yeah, that'll work.
The worst part is what it does to my (and your) IRA.
Hate to pay so much for it but would rather pay what it costs plus a reasonable profit than not have it.
Government wants to keep the price up by increasing the tax.....yeah, that'll work.
The worst part is what it does to my (and your) IRA.
Cecil, your sounding like one of "them". 
There's no shortage of excuses from those that control gas prices. The world got along fine back when gas was .99 cents a gallon, I say we do that again.
When people spend less at the pump, they have more money to spend elsewhere which should improve the economy, no? Better to have all that money supporting business's that will also keep and increase jobs. Just my opinion...
There's no shortage of excuses from those that control gas prices. The world got along fine back when gas was .99 cents a gallon, I say we do that again.When people spend less at the pump, they have more money to spend elsewhere which should improve the economy, no? Better to have all that money supporting business's that will also keep and increase jobs. Just my opinion...
Not bad for the economy, probably just the opposite! Where will all the money go that people are now NOT spending at the pump? They'll spend it on other goods & services for a change! That will save jobs and even create some. We've been raped at the pump for far too long!!!
They do OK, even when it was only $90 a barrel, what was profit at $150 a barrel:
Oct 31/14 Third Quarter Results: Exxon Mobil Corp (XOM.N), the world's largest publicly traded oil company, on Friday reported a better-than-expected 3 percent increase in quarterly profit on higher results in its refining and chemicals businesses.
Profit in the third quarter rose to $8.07 billion, or $1.89 per share, from $7.87 billion, or $1.79 per share in the year-ago period.
I donate regularly to the oil companies and the taxes, they are both screwing us. They sure feel bad when we fill up the car don't they? When gas prices go down, my "donations" go down, and that is good. The oil companies are whining, next it will be the corn farmers making ethanol warming up the whine.
A low oil price is good for the economy, unless you are drilling for oil. As Cecil said, it will go back up, so enjoy it while it lasts.
Oct 31/14 Third Quarter Results: Exxon Mobil Corp (XOM.N), the world's largest publicly traded oil company, on Friday reported a better-than-expected 3 percent increase in quarterly profit on higher results in its refining and chemicals businesses.
Profit in the third quarter rose to $8.07 billion, or $1.89 per share, from $7.87 billion, or $1.79 per share in the year-ago period.
I donate regularly to the oil companies and the taxes, they are both screwing us. They sure feel bad when we fill up the car don't they? When gas prices go down, my "donations" go down, and that is good. The oil companies are whining, next it will be the corn farmers making ethanol warming up the whine.
A low oil price is good for the economy, unless you are drilling for oil. As Cecil said, it will go back up, so enjoy it while it lasts.
the low oil price is great for the great majority of americans. it is like a large tax reduction. but if you are making a living in the oil sand fields or
ohio and pa fracking, you will be laid off. and it is because of them, the price of oil has tumbled. the arabs and such are smart causing a oil
war. they will shut down the drilling here for years and then the cycle repeats. enjoy the cheap gas for now. jim
ohio and pa fracking, you will be laid off. and it is because of them, the price of oil has tumbled. the arabs and such are smart causing a oil
war. they will shut down the drilling here for years and then the cycle repeats. enjoy the cheap gas for now. jim
The cost of shipping is out of sight, insanely high diesel prices are to blame. No doubt lots of independent truckers have went under, didn't hear any oil barons complaining about their loss of work
Yeah, keep waiting...
They are quick on the trigger to "adjust" their charges upward but will we see the opposite now? 
I really didn't want to weigh in on this, because I have some very strong feelings about it. I don't want to see anyone lose their job, period. But, I couldn't be happier that the price of gas is going down. About time. What good came of it when it was approaching $5.00 per gallon in some places? Nothing. Let us not forget, it wasn't too long ago that some had to choose between fuel for their car, home heating oil, food and prescriptions. You know the drill: tuna vs. cat food so at least I can stay warm. Feel sorry for these oil companies; not me. Read thread #33 again. Look at the profit. Do they have the right to make a profit on their investment? Absolutely. But, should they be making it totally on the backs of the poor and middle class working people. Absolutely not. How much is enough people???? Its greed plain and simple. And then I hear about the low cost of oil being tied to the worlds economy. Baloney. What economy??? You mean the ones in the Middle East?? Those oil rich countries. You know who they are. They're the ones that we made their sheiks multi-billionares with our money. Their economy isn't doing so good; oh well, tough, let then share their wealth with their peasants if they care so much.. The same applies to the American oil companies. They have made a ton of money. Now let them subsidize their employees during difficult times. Don't hold your breath waiting on those last two issues. I'll even take it a step further. I'm sure I'm the only one in the world that feels this way, but the oil industry should be nationalized. The majority of our life has been made to evolve around petroleum. We need it to be able to live, work and function. We can't have a private sector in charge of this very important commodity because they are totally profit driven. They care not where the profit comes from as long as it arrives. There are no shared agendas. We have the right of free enterprise in this country, so I don't see any changes no time soon. Enjoy the cheap gas while you can and hope that no one ever develops a way to harness the air that we breath and wants to sell it back to us, Carmine.
"the oil industry should be nationalized. The majority of our life has been made to evolve around petroleum. We need it to be able to live, work and function. We can't have a private sector in charge of this very important commodity because they are totally profit driven."
Of course. Why didn't I think of that? It has worked so well in Venezuela, Cuba, Mexico and many other successful nations. Surely socialism or communism is the answer.
Do you guys hear what you are saying?
-Profit is evil.
-Big oil is evil
-Wall Street is evil.
-Government can do it better.
You should vote for Elizabeth Warren next time.
Of course. Why didn't I think of that? It has worked so well in Venezuela, Cuba, Mexico and many other successful nations. Surely socialism or communism is the answer.
Do you guys hear what you are saying?
-Profit is evil.
-Big oil is evil
-Wall Street is evil.
-Government can do it better.
You should vote for Elizabeth Warren next time.
Cecil, you are right on the first 3, they are evil, if evil is too quick to put prices up and too slow to put them down, no matter how much money they make. If evil is not competing fairly, running an oligopoly where they decide what prices should be and us low life have to pay, putting the price of gas up because you can, not because your costs went up. All the oil companies love Venezuela, Saudi Arabia, and the oil cartel, they make lots of money because of their oil policies.
Fair open competition is what we have in manufacturing, the communist government of China has taken over manufacturing everything, with the help of Walmart, etc., but when they corner the market in manufacturing (and ours is all gone), and become an oligopoly like oil, they will start charging us huge prices, if they sell to us at all.
I don't agree that the oil industry should be nationalized, but it would be better if we had 100 "oil" companies, not 10.
Don
Fair open competition is what we have in manufacturing, the communist government of China has taken over manufacturing everything, with the help of Walmart, etc., but when they corner the market in manufacturing (and ours is all gone), and become an oligopoly like oil, they will start charging us huge prices, if they sell to us at all.
I don't agree that the oil industry should be nationalized, but it would be better if we had 100 "oil" companies, not 10.
Don
"the oil industry should be nationalized. The majority of our life has been made to evolve around petroleum. We need it to be able to live, work and function. We can't have a private sector in charge of this very important commodity because they are totally profit driven."
Of course. Why didn't I think of that? It has worked so well in Venezuela, Cuba, Mexico and many other successful nations. Surely socialism or communism is the answer.
Do you guys hear what you are saying?
-Profit is evil.
-Big oil is evil
-Wall Street is evil.
-Government can do it better.
You should vote for Elizabeth Warren next time.
She might be better then Obummer
Nationalization is not the answer, mainly because the government is as crooked and greed driven as the oil industry and more inept.