Posted on 07/18/2005 5:29:20 AM PDT by Archangelsk
Want to get the Plame and DSM issue off of the national radar, Mr. President? Pressure the oil companies to start funneling their obscene profits - profits so huge that the senior executives are complaining about their inability to spend it - into rolling the price of gas back to $1.25/gallon. Either that or declare a moratorium on the federal gas tax and encourage the states to do the same.
Just a suggestion.
You sound exactly like a Democrat, you complain about corporate profits as though corporations are black holes. The reality is that corporations are made up of stockholders and workers, and they are the ones that suffer when you attack them.
Never worked in the IC I see. Good, here's a small primer. The reason why we got caught flat-footed on the fall of the USSR was because of Aldrich Ames. He compromised billions of dollars of programs for his 400K house. Plame built a program worth some untold amount of money and now those assests are gone. That's your money and your security gone.
Sure its not a scandal?
Trust me, in this industry, ( I design oil derricks) the problem isn't only high fuel taxes. The reason oil prices are so high is that OPEC knows they can break us over a barrel anytime they want. We need to drill more domestic oil; and that has begun.With the price per barrel hovering at $62, wildcatters are pulling rigs out of the weeds in their backlots and calling my company to certify them for drilling. There's oil aplenty outh there! If the EPA would stand down, and the states and the feds would keep their fingers out of the till, gas would be well under a dollar a gallon.
If the EPA would back off their regulations, US refineries would find it more profitable to re-tool and begin refining gasoline instead if paint thinner fuel additves and other products derived from petroleum. The supply of oil is not the reason for high gas prices.
But I kinda like it the way it is. With the price per barrel what it is, my overtime has more than doubled my take home pay!
I'm not too concerned about that happening. My oil stocks have been moving up nicely, and I expect the trend to continue.
And as oil hits $100 per barrel next year, the profits should offset some of the negative impact of higher oil prices.
My bet is Peak oil will top gas out at more like $4-5 a gallon
Peak ie demand driven pricing will put oil at $100-150 a barrel at least
Or lose your ass.
The more risk involved in a business endeavor, the greater the upside and downside.
It's great when you win, but Hell when you lose.
Just ask all the former Houstonians from the mid-80s who lost their jobs and had to walk away from mortgages that were three times what the house was worth after the oil bust of the early 80s.
Plus, somebody like you, who has never created a job for another person in his entire life but knows everything anyway, will make his fortune in no time.
None left...The Representatives in Washington own all of it...
I suspect that what Archanglesk is wanting is for Bush to do something. The same as you want. However Bush will do nothing.
It is an oversimplification in this issue to cry supply and demand and offer nothing more. We are not discussing widgits, we have in mind oil, the lifeblood of the world economy, not just ours. Many other forces are at work here in the market place, namely people that wish us ill.
$19.95 for a $0.50 DVD?
You're stupid.
That is all uncalled for and to me an apology would be proper.
I can understand that. When gasoline was $0.89 on the coasts, I went three months without work ( I'm a wellsite geologist).
Now I'm making enough to afford gasoline...
Perhaps you'd like to return to the Carter Administration's "Windfall Profits Tax."
The most regressive tax in American History. 40% tax of all new oil at the well head. Broke 90% of all the exploration oil companies in the US. Reduced drilling rigs from 2900 in Texas to just 13 in 3 years. Broke 50% of the oil investment banks and effectively banned drilling of independents in the US. More than 5 million homes lost in Texas alone. Tax money was allocated to the NE blue states who were broke.
I wait until they hit the cheap rack myself.
The WPT was probably the primary reason for the "Carter Economy." It was so bad they had to create a new name for it: remember "Stagflation?"
I'm sitting in a refinery typing this!
People DO NOT understand that refineries operate on a profit margin of pennys on the gallon. An extra 1 cent a gallon is a HUGE profit increase for them.
.GOV still makes the largest profit on gasoline at $0.68 per gallon or so depending on what state you are in.
The second largest profit maker on gasoline is normally the local frachise owner.
But he's an idiot!! Why should I apologize for stating fact?
If you want to find the entity with the largest chunk of the responsibility, that would be the EPA.
Sure, congress and the president could fix that tomorrow, but you would hate them for it.
So enjoy your gas prices.
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