Cost of gas
- Thread starter ROYALOAK62
- Start date
That was just a dig on Obummer, I don't even know who she is.
"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.
Sorry Cecil, I don't know who Elizabeth Warren is and if I did, I certainly don't need you to tell me who to vote for. But thanks anyway. You obviously missed the point of what I said and took things out of proper context. By reviewing your other thread, I now see why. Your interest in lower oil prices is based solely how it affects your IRA. Sad, isn't it. That appears to be your main concern and nothing else. It apparently doesn't matter to you how people struggle to get to work and stay warm. Your attitude and approach is money driven. "Profit is evil". "Big oil is evil". That's your verbiage and interpretation, not mine. Nothing wrong with profit. I previously said that. Companies have a right to a profit on their investment. But how much is enough?? The 3rd quarter of 2014-Exxon Mobil-8 billion dollar profit. What about the other quarters/years that I'm sure were substantial?? Is that enough for you or do you have an insatiable appetite?? Keep taking from those that can least afford it when you really don't need it.. Yup, that's the way to do it.
I don't like dictators or dictatorships. I fail to see your point between them and nationalizing an industry for the betterment of the citizenry. No, socialism or communism is not the answer. Being reasonable and using good judgment, that affects the lives of people, is the answer. Since you brought up Venezuela, lets talk about that for a moment. Every year for the past several years, Venezuela has given free fuel oil to the people of this country who needed it. Free. You must have seen Joe Kennedy in those commercials. Since you're a big proponent of the oil companies, did Exxon-Mobil, Shell, BP, Hess or any other oil company give free fuel to those that need it?? I think not. Sad isn't it, when another country gives free fuel to a nation as wealthy as the US. I didn't like Chavez or his regime, but I'm grateful for the people they helped. Even major pharmaceuticals help those less fortunate with the purchase of prescriptions. Expect that from "Big Oil", are you for real, Carmine.
But wait...I thought there was some guy in "Big Oil" whose job it is to set prices, kinda like the Wizard Of Oz. So why do you suppose he decided to cut prices?
I enjoy paying less for gas and watching my savings drop by 40 or more percent just as much as anybody else.
How much did you pay for that 409 engine? I think you should sell it for no more than a reasonable profit. Anything over about 7% is gouging no matter how much trouble you went to to find it, buy it, transport it and build it.
So who gets to decide what profit you can make?
Sorry, I don't have time or patience for lessons in the Constitution, Principles of Free Enterprise and how the global economy works but for those who want to expand their horizons a little reading might give some perspective.
http://www.whoownsbigoil.org/
I'll let Phil explain who Elizabeth Warren is.
Sorry to get grumpy but bronchitis has a tendency to do that to me.
I enjoy paying less for gas and watching my savings drop by 40 or more percent just as much as anybody else.
How much did you pay for that 409 engine? I think you should sell it for no more than a reasonable profit. Anything over about 7% is gouging no matter how much trouble you went to to find it, buy it, transport it and build it.
So who gets to decide what profit you can make?
Sorry, I don't have time or patience for lessons in the Constitution, Principles of Free Enterprise and how the global economy works but for those who want to expand their horizons a little reading might give some perspective.
http://www.whoownsbigoil.org/
I'll let Phil explain who Elizabeth Warren is.
Sorry to get grumpy but bronchitis has a tendency to do that to me.
If you want to punish those evil profit makers she's your gal.
Warren’s moment: The Barack Obama of 2016
Warren’s moment: The Barack Obama of 2016
But wait...I thought there was some guy in "Big Oil" whose job it is to set prices, kinda like the Wizard Of Oz. So why do you suppose he decided to cut prices?
I enjoy paying less for gas and watching my savings drop by 40 or more percent just as much as anybody else.
How much did you pay for that 409 engine? I think you should sell it for no more than a reasonable profit. Anything over about 7% is gouging no matter how much trouble you went to to find it, buy it, transport it and build it.
So who gets to decide what profit you can make?
Sorry, I don't have time or patience for lessons in the Constitution, Principles of Free Enterprise and how the global economy works but for those who want to expand their horizons a little reading might give some perspective.
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p://www.whoownsbigoil.com
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I'll let Phil explain who Elizabeth Warren is.
Sorry to get grumpy but bronchitis has a tendency to do that to me.
I really don't know why oil went down. I hear conflicting stories. I, like many others, just want to enjoy the moment. I don't want to see you or others lose 40% of your savings. I'm sure that it's hard earned money you've saved with a purpose in mind. I hope that somehow you can recover your losses. I paid $3500.00 for my 409 shortblock with the 817 heads. If I was to sell it, whatever profit or loss, would be between myself and the buyer. The price wouldn't affect the livelihood of others. I understand your point though. "Who gets to decide what profit you can make"? I honestly don't know. I don't have an answer for you. Overall, I don't like that idea, but something has to be done. They don't seem to be able to regulate it themselves. This entire oil issue has gotten out of control. Not too long ago, oil was at $140.00 a barrel. That seems excessive to me along with the 8 billion dollar 3rd quarter profit. Make a healthy profit; sure. But act in good faith and give a little back to those that need it most.
I enjoy reading your threads Cecil. I find you to be a very intelligent person and wealth of information. I always leave a little more informed and I thank you for that. I think you and I share much, but its our approach that differs. Actually, its healthy. I keep an open mind and I'm always willing to try and understand someone else's view point. Hope your bronchitis gets better. I get it almost yearly, and its no pleasure to have. This is going to be my last response to this posting. There really is nothing more for me to say. I firmly believe what I wrote and my intent was never to offend anyone. I apologize if anyone took offense to my writings. Peace be with you always, Carmine.
I really enjoy the low price's ,i fill up as soon as i get down to 1/2 tank .Oh sh!t my oil check won't be squat this next time!!!!!!
Don't get me wrong my check is only pocket money as i share this with 10 of my cousin's , which i was unaware i was getting this when my aunt passed on as she had no children. I can see where this does affect the economy. I remember when $5.00 would fill my new 63, everybody was happy then , Right!!!
Don't get me wrong my check is only pocket money as i share this with 10 of my cousin's , which i was unaware i was getting this when my aunt passed on as she had no children. I can see where this does affect the economy. I remember when $5.00 would fill my new 63, everybody was happy then , Right!!!
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I'll let Phil explain who Elizabeth Warren is.
.
In my opinion...Elizabeth Warren is a Statist, Progressive, Socialist Communist....for starters.
"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.
Companies have a right to a profit on their investment.
The 3rd quarter of 2014-Exxon Mobil-8 billion dollar profit.
I don't like dictators or dictatorships.
I paid $3500.00 for my 409 shortblock with the 817 heads. If I was to sell it, whatever profit or loss, would be between myself and the buyer."
Carmine...these are all your quotes.
We were established as a capitalist nation. Business are allowed to charge their price and customers are allowed to buy their production if they want. Price of anything is always based on availability. The reason the price on oil is so low now is the Saudi's have put too much quantity on the market so the price drops. If there is too much inventory...prices drop. If there are too many gummy bears for sale..that prices drops also.
As far as Exxon's 8 billion profit...........have you taken into account what they have spent to furnish you with oil so they could make this profit? 8 billion is a LOT of money. But what did they spend in order to get the gas to you? Probably TRILLIONS!! Probably 100's of millions. A trillion is 1,000 millions. That's a ton of money. So having spent trillions....it puts a profit of 8 billion in more perspective. It's called Return on Investment.
You make 2 statements that companies have a right to profit but you don't want them to "be totally on the backs of the poor and middle class working people." How in the world are "we" supposed to decide that???? In a free society...there will always be rich people and poor people and millions of variations in between. Who decides? Well, my opinion is that everybody does that by the choices they make in life. That's a whole lengthy debate in itself.
You said "I don't like dictators or dictatorships" but that is essentially what you are proposing.
Then you say...if you sell your engine...that would be between you and your buyer if you made a profit or loss. I totally agree with that!!! But all your other comments you are asking for someone to interfere with their sales so they would also be able to tell you what you can sell your product for to be "fair" with everybody.
BIG GOVERNMENT IS NOT THE ANSWER!!! Just look around...you can see then failures everywhere...Obamacare, EPA, VA problems....I could go on forever.....
Carmine...I'm trying to pick on you but your statements. Statements like these just infuriate me. We are a FREE country and I want it to stay that way. Your statements are for BIG government to solve our problems. When you do that.....then we become Cuba or Russia or something in between. That's unacceptable to me for myself, my kids and grandkids!!!!
Companies have a right to a profit on their investment.
The 3rd quarter of 2014-Exxon Mobil-8 billion dollar profit.
I don't like dictators or dictatorships.
I paid $3500.00 for my 409 shortblock with the 817 heads. If I was to sell it, whatever profit or loss, would be between myself and the buyer."
Carmine...these are all your quotes.
We were established as a capitalist nation. Business are allowed to charge their price and customers are allowed to buy their production if they want. Price of anything is always based on availability. The reason the price on oil is so low now is the Saudi's have put too much quantity on the market so the price drops. If there is too much inventory...prices drop. If there are too many gummy bears for sale..that prices drops also.
As far as Exxon's 8 billion profit...........have you taken into account what they have spent to furnish you with oil so they could make this profit? 8 billion is a LOT of money. But what did they spend in order to get the gas to you? Probably TRILLIONS!! Probably 100's of millions. A trillion is 1,000 millions. That's a ton of money. So having spent trillions....it puts a profit of 8 billion in more perspective. It's called Return on Investment.
You make 2 statements that companies have a right to profit but you don't want them to "be totally on the backs of the poor and middle class working people." How in the world are "we" supposed to decide that???? In a free society...there will always be rich people and poor people and millions of variations in between. Who decides? Well, my opinion is that everybody does that by the choices they make in life. That's a whole lengthy debate in itself.
You said "I don't like dictators or dictatorships" but that is essentially what you are proposing.
Then you say...if you sell your engine...that would be between you and your buyer if you made a profit or loss. I totally agree with that!!! But all your other comments you are asking for someone to interfere with their sales so they would also be able to tell you what you can sell your product for to be "fair" with everybody.
BIG GOVERNMENT IS NOT THE ANSWER!!! Just look around...you can see then failures everywhere...Obamacare, EPA, VA problems....I could go on forever.....
Carmine...I'm trying to pick on you but your statements. Statements like these just infuriate me. We are a FREE country and I want it to stay that way. Your statements are for BIG government to solve our problems. When you do that.....then we become Cuba or Russia or something in between. That's unacceptable to me for myself, my kids and grandkids!!!!
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What he is really saying is essential services/products need to be regulated. Gasoline, electricity, food, gas, heating oil. Lifes essentials. Government control is not the answer since the government is probably worst then the private segment BUT these things are a necessity and need to have some type of oversight. You and I can buy or not a 409 engine, that is a toy not a necessity. You decide the 409 is too expensive and you don't buy it, simple, not a good comparison. You might do without gasoline but food is not an option.
I don't have an answer but I do know we are getting the shaft from oil companies. Other nations get the shaft even harder then we do.
In the mean time I will take what ever lower prices they throw at us until the next out of sight increases occur again.
I don't have an answer but I do know we are getting the shaft from oil companies. Other nations get the shaft even harder then we do.
In the mean time I will take what ever lower prices they throw at us until the next out of sight increases occur again.
Someone a lot smarter than me needs to find out what percent of return Exxon's 8 billion in profit is in relation to their investment.
HemiChallenger71
Well Known Member
Prices just dropped to $2.20/gal regular gas here today. Diesel is still hovering around $3.50-3.80/gal.
Finally saw some regular at $2.59
I don't have the solution but something this important really needs to be controlled somehow. The last thing I would want would be to put it in the hands of our scoundrel politicians! That would be a circus to say the least!
Gasoline & oil touches just about everything we do!!! A small change in price affects so many things.
I don't want to think about it anymore, it makes my head hurt.
The lowest price here is $2.64 for 87 octane.
Gasoline & oil touches just about everything we do!!! A small change in price affects so many things.
I don't want to think about it anymore, it makes my head hurt.
The lowest price here is $2.64 for 87 octane.
the Feds make more $$ off oil than Exxon/Mobil or any other oil company. I believe I read where the return on investment for Exxon/Mobil is about 8%. Look at the return of Microsoft-Facebook - insurance companies ect. 50/60%, no one bitches about their profit. The oil market is being flooded by the Saudis trying to cut the oil production in the US, so they can get the price back up to $100.00 barrel of oil. The price of oil is set by the commities market on Wall Street and not by the oil companies. Oil is set by Wall Street just like corn, apples, oranges, ect.-looked at the price of beef lately? Just my 2 cents. And I sure donot want the goverment in charge of oil! Big goverment has wrecked this country, that I love already!!!
W Head
59 Impala 409-2,4s
W Head
59 Impala 409-2,4s
7.2 cents per dollar of sales or 7.2 % profit....less than most other businesses. Just sounds exorbitant when stated as 8 billion.
If I did my math right, that comes to approx 111 billion in gross sales -8 billion profit =103 billion in costs.
The numbers are big but the percentages are not.
http://www.whoownsbigoil.org/
I have the solution
Those of you that love the oil companies pay $5.00/gl, those of us that hate those money grabbing jerks pay $2.00/gl,
It'll all even out, somehow