Got gas?

bobs409

 
Administrator

IMBVSUR?

Well Known Member
Supporting Member 2
Of course biden and the left are. They said they were going to make gasoline use the same cost as electric cars or more so the people will have only one choice, their choice, electric. But what will anyone, left or right do about it? :dunno:bore3:bore3:bore3:bore3:bore3 Nothing.
 

1964SuperStocker

Well Known Member
Supporting Member 3
Here is a fun piece for those who complain about gas prices. Oil companies just reported their first quarter profits after tax and every news outlet has picked it up.
"With the price of crude oil soaring to more than a hundred dollars a barrel this year, and A.A.A. reporting that the average national gas price reached a new high of $4.37 per gallon last week, Big Oil has been making historic profits. In the first three months of 2022, ExxonMobil pocketed $5.5 billion after taxes; Chevron gained $6.3 billion; and ConocoPhillips made $5.8 billion. Smaller energy producers, which are concentrated in the U.S. and often referred to as wildcatters, are also profiting enormously. Last week, Pioneer Natural Resources reported first-quarter earnings of two billion dollars, and Marathon Oil reported revenues of $1.3 billion."
Race while we can afford it. The only ones upset about gas prices are the ones that aren't making bank from it. :browAll hail free markets! :brow
 

1964SuperStocker

Well Known Member
Supporting Member 3
Free market states we the people are free to choose to take it or leave it. "price gouging" is in the eye of the beholder which simply means so long as everyone is doing it then there can be no gouging. So long as everyone is bringing in billions then its ok.
 

Iowa 409 Guy

Well Seasoned Member
Supporting Member 15
Here is a fun piece for those who complain about gas prices. Oil companies just reported their first quarter profits after tax and every news outlet has picked it up.
"With the price of crude oil soaring to more than a hundred dollars a barrel this year, and A.A.A. reporting that the average national gas price reached a new high of $4.37 per gallon last week, Big Oil has been making historic profits. In the first three months of 2022, ExxonMobil pocketed $5.5 billion after taxes; Chevron gained $6.3 billion; and ConocoPhillips made $5.8 billion. Smaller energy producers, which are concentrated in the U.S. and often referred to as wildcatters, are also profiting enormously. Last week, Pioneer Natural Resources reported first-quarter earnings of two billion dollars, and Marathon Oil reported revenues of $1.3 billion."
Race while we can afford it. The only ones upset about gas prices are the ones that aren't making bank from it. :browAll hail free markets! :brow
I'd like to see the Big Boys profit charts from the last 10 years. Also wondering how many smaller companies have went broke in that time frame. I read somewhere the banks are being a bit tight with their money to loan these folks. Something about how the current administration is going about pushing ev's.

I'd bet there are lots of things going on behind the scenes we don't know about. Rules, regs, ect.
 
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