Oil Dividend

N/A | 7/18/05 | Me

[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.

[JimRed]

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 can relate to that, as I market foreclosed properties. The low interest rates and high demand in our shore resort area has increased equity so most folks in financial trouble can get out with a whole skin; investment groups buy them up before they ever go to sheriff's sale.

So a partial economic collapse would increase my earnings, but in good conscience I can't wish for that to befall my neighbors.

[cynicom]

Josh

Some here are trying to have a civil and serious discussion.

Injecting uncivil personal remarks is not only not allowed, it paints a picture of the poster. If you want me and others to view you in such a light, so be it.

Knowing you from the past, I know you have more to offer in such a discussion other than to demean somone else.

Thanks...

[jec41]

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.

Which oil companies. We import 60% of our oil and those companies and countries are not owned by the US. Just how do we go about pressuring OPEC when there is plenty of demand from other countries for their oil. Do you suggest that we stop them from trading with any one but us to set price? How do you stop them from selling to countries that will pay $60 barrel? You are not in the catbird seat here.

[Josh in PA]

Somebody made a post that's so ridiculous, he can only be is a complete troll!

Why waste your breath trying to "argue" with somebody just trying to push your buttons?

He's not interested in arguments and facts. He just wants to ruffle everybody's feathers.

[Josh in PA]

Funny Willie.. You have no problem paying $50,000-$60,000 for new vehicles made with union proud American steel.

[rhombus]

Sure its not a scandal?

And this conspiracy is going to be revealed how?

[jec41]

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 remember it well. It was every bit as bad as the 30's depression in some western states and the WPT led the way.
I had 19 producing wells and we ended up just shutting them down and leaving. The Governor of Texas dynamited some of his own wells rather than just losing them to someone who never developed a oil stake.

[cynicom]

China as a country is investing in Canadian oil sands as an alternative to ME oil. Like the US, they are tied to the ME and Russia for their oil. Perhaps we need such a public effort by our government, to prospect for more secure sources.

[Willie Green]

You have no problem paying $50,000-$60,000 for new vehicles made with union proud American steel.

Well the passenger coaches used on these mass-transit systems cost a bit more than that,
But the cost is quickly amortized over the large number of passengers that they carry,
and they also have a relatively long economic life-span.

[jpl]

The best way to keep gasoline prices reasonable isn't through price controls, it's by easing up on the artificial government-imposed restriction on the supply.

[sitetest]

Looking at ExxonMobil's recent financials, I see that net profit is about 10% of overall revenues.

Simply put, if ExxonMobil "gave back" ALL its profits, it could reduce the price of its products by all of about 10%.

That doesn't get us back to $1.25/gallon gasoline anytime soon.

[cynicom]

Josh

Check your posts...So far you have offered nothing on the subject matter. Are you asking me to believe that you have nothing to offer????

Have you done your homework on oil???? Do you know what else is at play here, far beyond supply and demand?

Don't shoot the messenger.

[cynicom]

Josh

Check your posts...So far you have offered nothing on the subject matter. Are you asking me to believe that you have nothing to offer????

Have you done your homework on oil???? Do you know what else is at play here, far beyond supply and demand?

Don't shoot the messenger.

[woofie]

Did you worry when the oil companies were making so little money they quit drilling?

[Josh in PA]

Oh spare me.

If you find common ground with the original moron who started this thread, why don't you respond to all the logical responses completely destroying the troll instead of the person who correctly identified the original poster as a complete twit.

[Archangelsk]

Fitzgerald is a friggin' bulldog who hates corruption as much as he hates the press. I follow his lead and not the stupid talking points from the folks who may end up in crow bar motel (next to Pelton, Walker, Ames, etc.).

[rhombus]

OK, I can't wait for the report. :-)

[jec41]

China as a country is investing in Canadian oil sands as an alternative to ME oil. Like the US, they are tied to the ME and Russia for their oil. Perhaps we need such a public effort by our government, to prospect for more secure sources.

China is also in Iran, talking with SA and are signing contracts Venezuela. 90% of all known oil reserves were discovered before 1960. A few billion more discovered here and there is nothing when the the world is using 84 million barrels a day. As OPEC countries develop they will need more oil for themselves and will export less as they use more energy. Oil companies are in the energy business and will continue to be so even as supplies of oil decreases. Their huge profits will be invested in alternative energy sources. BP (British Petroleum has already changed it's name to Beyond Petroleum) is leading the way. It just remains to see how successful the energy companies will be.

[Realism]

If you're looking forward to paying $2.50 ~$3.50 per gallon of gas, you gotta be a little loopy.

Or live in an area with public transportation. Since I drive 24 miles to and from work each day, I'm getting hit hard and I'm not alone.

[Realism]

Smell something?