Posted on 08/22/2005 11:07:12 AM PDT by moose2004
Gas Prices Are Too High, And Home Heating Oil Is Next.
That would be great, but it isn't going to happen.
>>>Get Mexico to build refineries close to the border and pipe refined gasoline into the US.
The builders of refineries are oil companies. The current situation has provided them with record profits. Given the current state of things, the oil companies may have no interest in building refineries anywhere.
Have you looked at their P&L statements and compared them from '03 to '04? If their after tax net income went from 3% to 4.2%, then their profit went up tremendously. Then yokels DEMAND that they spend a feww billion dollars and build more refineries. Some folks need to understand supply & demand, and simple economics, economies of scal and business in general. (sheesh)
To all who complain about gas prices being so high. Do you buy products made in China or the USA? I know there's not always a USA made alternative, but do you spend the extra buck to buy American made products when you can? If not, no complaining about the gas prices! You are contributing to China's need for more production capabilities and therefore the increased demand for oil/gas. And, as we all know, with limited supply, as demand goes up, so do prices.
I'm not a populist, and I don't believe in any way that this is a solution to the problem of rising oil prices, period. But, Repubs and the President need to get in front of this issue now before the dems and the MSM try to blame us for the fact that some people cannot/will not be able to afford to heat their homes this winter.
Oil trading futures on the barrel price is what's fueling the prices at the pump.
Well said.
Why I thought that is why we went into Iraq....where's the lower priced oil then? (sarcasm on!)
Of course it is...Bush and his buddies, Cheney, and Haliburton are lining their pockets more than ever now that gas prices are so high!
/MOONBAT libspeak
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Right now I'll bet companies in the conversion business have never been busier switching homes/businesses from oil to gas.
Thank you. Facts are always better than accumulative assumptions. :-)
In CA the state adds $.24 plus 8.25% sales tax on top of the $.18 federal.
No one complained ten years ago when oil companies were fighting for survival and oil was $10-15/barrel. You don't believe in capitalism?
If you don't like it stop buying the product or buy oil stocks and enjoy the up cycle.
It's called supply and demand and we can't repeal it no matter what we think.
No,,, everyone should send ME their entire net worth and I'll redirect it as I see fit.
Splains alot, LOL, I like your FReeper name Joe, I think I've go have a beer.
Set 'em up! I'm buyin'! :-)
When pigs fly!
I didn't know that Federal taxes were an integral aspect of the law of supply and demand, aside from the price distortions they create in the market.
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