Posted on 05/03/2016 7:34:31 AM PDT by Lorianne
Edited on 05/03/2016 8:17:40 AM PDT by Sidebar Moderator. [history]
it was probably excessively high anyway. They take the money that should go to the consumers.
Waaahh. If only government would do something to protect you from those mean oil companies.
Why post here? Isn't there something or someplace you should be occupying?
Compare what oil companies make per gallon of gasoline sold to how much state and federal government makes.
Even sadder, how much a gas station makes compared to every one else.
I was thinking the same thing. Sound like a bunch of Libs.
Exactly. The biggest profiteering on a gallon of gasoline is the state and federal governments. Liberals have done a good job of making oil and gas companies the boogie man. They’ve done a good job too. Even pulling the wool over the eyes of self proclaimed ‘conservatives’.
Making a profit is not theft.
Every spring refiners have to shut down their plants to switch from winter blended gas to summer blended gas. This puts the fuel market in a temporary supply restriction which pushes up prices. The same thing happens in the fall.
If you want to blame someone blame the EPA.
Different topic. Most of those are commodities that are traded like stocks. On the actual market level where people buy these in stores, the cost fluctuation is minimal.
Milk might have been a better counterargument. Everyone remembers the great milk price plunge.
Gas at the market is NOT Exxon. It is the market. Try running a market (business) and you will see.
Imagine, if you will, an underground tank that will hold 10,000 gallons of gasoline. Today, you paid, out of YOUR pocket $20,000 to have it filled. You charge $2.05 a gallon, which, if you sold all 10,000 gallons would net you $500.
BUT, soon after filling it oil per barrel went from $42 to $42.75. And checking with your suppliers, you find that it is going to cost you $2.07 when you refill the tank. That leaves you looking at a $200 shortfall right now, even if the cost does not rise more before you buy.
So, as the market owner, you IMMEDIATELY raise the price to cover the expected cost and still have a profit.
Take your lefty-inspired economic talking points somewhere else.
I understand what you say but it directly affects business that buy those commodities, especially in an inflationary period.
Back in the 70’s we were forced to bid on our aluminum products while raw aluminum prices were changing weekly and often daily. Catalogs were no good. vendors published daily discounts to the catalog prices that became list prices. I really don’t know how we made it through two or three of those years. On top of that, we had to have a guy go gas up our trucks at night when the station served only long standing commercial customers
BOHICA
some people on here enjoy it
Not lefty inspired at all. I understand you probably work in the industry and it is a natural reaction to defend your lively hood.
However, I am tired of hearing about this company or that company cry poverty when their ripping off the American public did not net them what they were hoping for. And this includes the government as well.
Lets not even talk about the subsidies these guys get either.
They still made a profit, just not as big of profit that they were hoping for.
Cry me a river
It is theft when the market is controlled by very few players, including the government and OPAC. Lets not even talk about the subsidies that Exxon gets. I even understand that even if you work in the industry that you have to shut down anyone who shines a light at it, I get it, you have to protect your field of work.
Well I don’t work for an oil company and don’t even invest in them.
I certainly don’t understand why you think that our government is in the bag with the oil companies when Obama has done just about everything he could to shut down every effort of the oil industry in this country. He stopped the oil pipeline from Canada to the Gulf, he refused to issue oil leases off shore and on shore, and he cancelled leases the oil companies had no acted on. There are probably more that I don’t remember.
As for OPEC the oil companies have no choice but to trade with them. But I don’t see OPEC and the oil companies being friends because they artificially control the market and there is of course the history of the OPEC nations nationalizing oil company property.
I know the Left has been spreading propaganda about the Evil Oil Companies for decades but I have never found any truth in that propaganda.
If you understood more about markets, and economics in general, you wouldn't be spouting off leftist drivel.
The government makes many times more per gallon than the companies that explore, extract, refine and distribute the product - you know, the real risk and actual work. Yet here you are heaping scorn on them for making $.05 per gallon while the government makes around $.50 per gallon. And that's before they tax oil companies on their labor and income.
If nothing else, these threads expose the illiterates and separate the capitalists from the occupy types. There was a time when your nonsense wouldn't be tolerated here, but maybe because you're new, it just hasn't caught up with you yet. Hoping big government will save you from evil industry is no way to go through life.
Full disclosure, I do not work in that industry, but I do understand business. Your griping is all over the place, bordering on incoherency.
I plan on soon purchasing a few hundred shares of XOM or CVX. (Exxon and Chevron).
As I said earlier, if you truly believe they are ripping you/me off, Do It Better. If you can, I’ll invest in it. If not it’s not worth my time to try to explain it to you.
And just so you hear it, profit is Not a bad thing.
Never said it was
But I don’t support crony capitalism either
And I understand that some on here work in the oil services business and will defend their lively hood.
Obama does has good rhetoric against the oil industry and uses as so to please his base.
But I never believe Obama at his word, and neither should you
I am against crony capitalism, I don’t care if it is oil, solar, corn, etc, if the government is propping up these industries so that only certain established people can control the market. I have a problem with that. And always will.
Is crony capitalism conservative or liberal?
Please, let's talk about the subsidies Exxon gets.
List them here. Be as specific as you can.
Thanks!!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.